Tuition for Spalding University is $25,800 for the 2020/2021 academic year. This is 13% cheaper than the national average private non-profit four year college tuition of $29,812. The cost is 40% more expensive than the average Kentucky tuition of $18,379 for 4 year colleges. Tuition ranks 36th in Kentucky amongst 4 year colleges for affordability and is the 9th most expensive 4 year college in the state. Price does not vary by residence.
The school charges an additional fees of $175 in addition to tuition bringing the total effective in-state tuition to $25,975.
On campus room and board is provided by the school at a cost of $7,600 per academic year. Students electing to live off campus elsewhere in Louisville should budget at least this amount.
The estimated annual cost for books and supplies is $1,400.
If living on-campus, students should budget for $6,937 in additional living expenses. Off-campus students should budget for $6,937 in other miscellaneous living expenses.
The annual tuition and living expense budget to go to Spalding was $41,912 for the 2020/2021 academic year. The cost is the same for all students regardless of Kentucky residence status as there is no in-state discount.
Citation: Price data from the U.S. Department of Education's 2020 IPEDS survey response for Spalding University and represent reported costs for the 2020-2021 academic year.
|Kentucky Resident Total Budget||$41,912|
|Room and Board||$7,600|
|On-Campus Other Budget||$6,937|
|Books and Supplies||$1,400|
|Non-Resident Total Budget||$41,912|
|Room and Board||$7,600|
|On-Campus Other Budget||$6,937|
|Books and Supplies||$1,400|
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Depending on many factors including student and parent income and assets, the total cost of attendance may be less than the $41,912 published price if scholarship or grant aid is made available to you.
The net out-of-pocket total cost you end up paying or financing though student loans is known as the net price. The reported Spalding net price for in-state students is $23,003* for the 2019/2020 academic year. This net price includes housing and meal expenses.
99% of Spalding University students received grant aid in 2019/2020. The average total aid amount was $15,153. 54 percent of students received aid in the form of Pell Grants from the U.S. Federal Government. The average Pell Grant awarded for 2019/2020 was $4,726. To apply for a Pell Grant to attend Spalding University, the first step is to fill out the Free Application for Federal Student Aid (FAFSA).
|Financial Aid Summary|
|Average Annual Net Price||$23,003*|
|Percent of Students Receiving Grant Aid||99%|
|Average Total Grant Aid||$15,153|
|Percent of Students Receiving Pell Grants||54%|
|Average Amount of Pell Grant Aid||$4,726|
The average net total cost of attendance for different levels of family income after federal, state or local government, institutional grant and scholarship aid are awarded. Data last published for the 2019/2020 academic year.
|Family Income||Avg. Net Price|
|$0 to $30,000||$20,652|
|$30,001 to $48,000||$18,941|
|$48,001 to $75,000||$20,224|
|$75,001 to $110,000||$24,873|
CollegeCalc has estimated typical coverage of the annual in-state tuition and living expenses of $41,912. Breakdown is based on average grant aid and federal loan aid which will vary based on your family income.
Money granted to you by the U.S. Department of Education, Spalding University or other organizations. These are not loans and do not need to be repaid.
Low interest student loans funded by the U.S. Department of Education. This amount will need to be repaid.
Covered by family savings, work or private student loans which you will have to repay.
*Reported Average Annual Net Price for students receiving grant or scholarship aid reported to the U.S. Department of Education's Academic Year 2019/2020 IPEDS Survey. Financial aid is only available to those who qualify. Consult this school's net price calculator for further understanding of your potential net price.
Note that for colleges with no reported on-campus room and board, the average net price has been increased to account for living expenses. This number may not only reflect the net price paid to the school for tuition.
|School||Cost vs. Spalding University|
|Saint Catharine College||23.5% less expensive|
|Kentucky Wesleyan College||5.9% more expensive|
|Franklin College||30.8% more expensive|
|Oakland City University||3.1% less expensive|
|University of Indianapolis||19.7% more expensive|
When considering ability to pay for college, the annual cost is often discussed but it's the "all in" multi-year degree cost which matters in the end. Let's take a look at what it could really cost for four years at Spalding University.
At the current published rates, an estimated total tuition, fees and living expense price for a 4 year bachelor's degree at Spalding is $167,648 for students graduating in normal time. This methodology for estimating the 4 year cost is a straight multiple of the most recent reported annual total cost and does not factor in tuition increases during the time you're in school. It also assumes you receive no grant or scholarship aid and pay the full list price.
A potentially more accurate but less conservative estimate of a degree cost can be made by using the school's annual $17,564 in-state net price as the basis. Applying this cost over 4 would estimate the cost of a degree at $70,256**
If you end up on the "five year plan" and need an additional year to graduate, your five year cost could be as high as $209,560 or $87,820 using an average net price.
**Based on a 4 year multiple of Average Annual Net Price for students receiving grant or scholarship aid reported to the U.S. Department of Education's 2019/2020 IPEDS Survey. Financial aid is only available to those who qualify. Consult this school's net price calculator for further understanding of your potential net price.
Some schools offer the ability to take single classes by paying on a per credit hour basis. The reported price per credit hour and estimated cost for one class at Spalding University are as follows. Per credit costs are for reference only as many schools will not allow students to pay by credit hour.
|Price per credit hour||$860|
|Cost for one class (3 credit hours)||$2,580|
|Cost for one class (4 credit hours)||$3,440|
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The second consideration after understanding the cost of college is determining how to finance it. Some students are fortunate enough to have some form of family financial assistance, but student loans end up financing a significant portion of higher education in the U.S. 67% of Spalding University students receive U.S. Federal Student Loans with an average annual Federal Loan aid amount of $5,134.
How much are student loan payments for Spalding University? Obviously this varies based on a number of factors - offsetting financial aid you receive, percentage of fee you pay upfront while enrolled and the interest rate on your loans. We've modeled a sample student loan based on current Stafford loan rates to give you an approximate idea.
The following are the costs for a loan if you borrowed $70,256, 100% of the estimated average net price for a four year program and paid nothing while enrolled. The total of all payments including interest would sum $84,279.29. This could be your effective total out of pocket cost of an education at Spalding University. Note that this calculation assumes you don't pay full list price tuition, are part of the reported 99% of students at this school who receive financial aid and you are paying an average annual net price of $17,564. If you do not financially qualify for a reduced net price, your student loan payments could be significantly higher than this example. Use our Spalding University student loan calculator below to change loan assumptions and recalculate.
Student loans are not free money and must be repaid. You cannot dismiss student loans by via bankruptcy.
|Monthly Loan Payment||$702.33|
|Number of Monthly Payments||120|
|Total Interest Cost||$14,023.29|
|Sum of All Payments over 10 years||$84,279.29|
Can I afford to attend Spalding? In the end, the answer comes down a determination if you will earn enough to comfortably pay back a student loan with your post graduation salary. This is an extremely important point to consider. In order to afford student loan payments and still meet all your other costs of living, it is recommended not to borrow more than you can pay back using 10% of your monthly income earned after graduation. If you're considering attending Spalding University, you need to carefully consider if it will be realistic to make the post graduation loan payments based on your expected salary.
Using the 10% of salary threshold, an annual income of $84,279.29 would be needed to afford a $702.33 monthly payment in the example $70,256.00 loan modeled above. You will need to determine if it is at all realistic that you will be earning this type of salary after graduation. This assumes a loan payback over 10 years. You can change the terms of this example loan using the student loan calculator below.
What will it cost to send your child to Spalding University in the future? In the past four years, this school's published in-state tuition and fee total rose from $24,000 to $25,800. This amounts to an average annual price increase of 1.5%. Nationally, university tuition prices are rising around 5% per year. Looking out five, ten, fifteen or eighteen years, these are CollegeCalc's estimates how much you could expect to pay for a 4 year degree assuming tuition increases at the national average rate. Estimated future prices are based on the current 4 year cost of $167,648.00. Use the college savings plan calculator below to perform a more comprehensive analysis on future costs and how much you will need to save for Spalding University.
|Annual||4 Year Degree|
|Estimated Cost in 5 years for students enrolling in 2027||$57,639||$230,555|
|Estimated Cost in 10 years for students enrolling in 2032||$73,563||$294,253|
|Estimated Cost in 15 years for students enrolling in 2037||$93,887||$375,550|
|Estimated Cost in 18 years for students enrolling in 2040||$108,687||$434,746|
What was tuition at Spalding five, ten, fifteen or twenty years ago? Hop into our time machine and take a look. Pay attention to how aggressive the school has been with price increases in the past as it provides indication as to how the school may raise tuition in the next few years. Historical tuition and fees for all available data years back to 1987 follows.
Use the calculators below to formulate a college savings plan for Spalding University or model a student loan.
Discover how much will you need to start saving now to afford Spalding University in the future.
Modify the loan assumptions to fit your financial situation and likely tuition price. Then calculate your payoff and loan payments for a Spalding University student loan.
Spalding University is a four year private college located in Louisville, Kentucky. The school is affiliated with the Roman Catholic faith. Full time enrollment is 1,203 and part time is 393. Learn more about getting accepted at Spalding University at CollegeSimply.
Students attending this school may pursue both undergraduate and graduate degrees.Address
Spalding University is a private not for profit institution.
Spalding University cost and financial aid data source: U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=157757 IPEDS survey data. Data last updated February 2022 and reflects academic year 2020/2021 costs reported by the school.