Cost to Attend Holmes Community College

Holmes Community College
Goodman, Mississippi

Annual Costs

Undergraduate Tuition

Holmes Community College tuition is $2,600 per year for in-state residents. This is 30% cheaper than the national average public two year tuition of $3,696. The cost is 55% cheaper than the average Mississippi tuition of $5,734 for 2 year colleges. Tuition ranks 1st in Mississippi amongst 2 year colleges for affordability and is the 20th most expensive 2 year college in the state. If attending from out-of-state, the tuition is $5,180 which represents a 99% premium.

The school charges an additional fees of $810 in addition to tuition bringing the total effective in-state tuition to $3,410.

Housing Costs

On campus room and board is provided by the school at a cost of $3,150 per academic year. Students electing to live off campus elsewhere in Goodman should budget at least this amount.

Books and Supplies

The estimated annual cost for books and supplies is $2,400.

Other Living Expenses

If living on-campus, students should budget for $3,900 in additional living expenses. Off-campus students should budget for $4,200 in other miscellaneous living expenses.

Total Costs

The total tuition and living expense budget for in-state Mississippi residents to go to Holmes Community College is $12,860 for the 2019/2020 academic year. Out-of-state students who don't have Mississippi residence can expect a one year cost of $15,440.

Citation: Price data from the U.S. Department of Education's 2020 IPEDS survey response for Holmes Community College and represent reported costs for the 2019-2020 academic year.

Costs and Tuition for Holmes Community College
Estimated Budgets
Mississippi Resident Total Budget $12,860
   In-State Tuition$2,600
   Other Fees$810
   Room and Board$3,150
   On-Campus Other Budget$3,900
   Books and Supplies$2,400
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What it Really Costs

Depending on many factors including student and parent income and assets, the total cost of attendance may be less than the $12,860 published price if scholarship or grant aid is made available to you.

Net Price

The net out-of-pocket total cost you end up paying or financing though student loans is known as the net price. The reported Holmes Community College net price for in-state students is $4,977* for the 2018/2019 academic year. This net price includes housing and meal expenses.

Pell Grants and other Grant Aid

84% of Holmes Community College students received grant aid in 2018/2019. The average total aid amount was $5,462. 62 percent of students received aid in the form of Pell Grants from the U.S. Federal Government. The average Pell Grant awarded for 2018/2019 was $5,176. To apply for a Pell Grant to attend Holmes Community College, the first step is to fill out the Free Application for Federal Student Aid (FAFSA).

Net Price and Financial Aid for Holmes Community College
Financial Aid Summary
Average Annual Net Price$4,977*
Percent of Students Receiving Grant Aid84%
Average Total Grant Aid$5,462
Percent of Students Receiving Pell Grants62%
Average Amount of Pell Grant Aid$5,176

Average Net Price for In-State Students by Family Income

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 2018/2019 academic year.

Family Income Avg. Net Price
$0 to $30,000$3,884
$30,001 to $48,000$4,122
$48,001 to $75,000$5,911
$75,001 to $110,000$7,175

Average Financial Aid Mix - $12,860 In-State Total Cost

CollegeCalc has estimated typical coverage of the annual in-state tuition and living expenses of $12,860. Breakdown is based on average grant aid and federal loan aid which will vary based on your family income.

Grants and Scholarships
61% - $5,462

Money granted to you by the U.S. Department of Education, Holmes Community College or other organizations. These are not loans and do not need to be repaid.

Federal Loans
27% - $2,442

Low interest student loans funded by the U.S. Department of Education. This amount will need to be repaid.

Out of Pocket
12% -  $1,056

Covered by family savings, work or private student loans which you will have to repay.

*Reported Average Annual Net Price for in state students receiving grant or scholarship aid reported to the U.S. Department of Education's Academic Year 2018/2019 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.

Tuition Comparison to Similar Community Colleges in the Region

School Cost vs. Holmes Community College
Mississippi Delta Community College17.7% more expensive
Hinds Community College23.1% more expensive
East Central Community College2.3% more expensive
Meridian Community College16.3% more expensive
East Mississippi Community College26.9% more expensive

Cost of a Degree

Being a school offering two year programs, prospective students should consider the multi year outlay when budgeting the cost for two years at Holmes Community College.

Estimated 2 Year Cost at Published Tuition

At the current published rates, an estimated total tuition, fees and living expense price for a 2 year associate degree at Holmes Community College is $25,720 for students graduating in normal time. This methodology for estimating the 2 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 $5,686 in-state net price as the basis. Applying this cost over 2 would estimate the cost of a degree at $11,372**

**Based on a 2 year multiple of Average Annual Net Price for in state students receiving grant or scholarship aid reported to the U.S. Department of Education's 2018/2019 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.

Other Costs

Estimated Cost Per Semester

Most colleges don't charge students on an annual basis but instead require payment semester by semester. If you ever need to take an additional semester of classes to complete you degree you shouldn't have to pay for a full academic year. These our estimated costs for a semester at Holmes Community College.

Mississippi Resident Tuition Per Semester$1,300
Mississippi Resident Total Cost Per Semester$6,430
Non-Mississippi Resident Tuition Per Semester$2,590
Non-Mississippi Resident Total Cost Per Semester$7,720

Cost Per Credit Hour and Cost for a Class

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 Holmes Community College are as follows. Per credit costs are for reference only as many schools will not allow students to pay by credit hour.

Cost per credit hour and per class at Holmes Community College
Price per credit hour for Mississippi residents$137
Cost for one class for Mississippi residents (3 credit hours)$411
Price per credit hour for out of state residents$247
Cost for one class for out of state residents (3 credit hours)$741
Cost for one class for out of state residents (4 credit hours)$988

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Student Loans and Debt

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. 22% of Holmes Community College students receive U.S. Federal Student Loans with an average annual Federal Loan aid amount of $2,442.

Example Loan Payments and Costs

How much are student loan payments for Holmes Community College? 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 $11,372, 100% of the estimated average net price for a two year program and paid nothing while enrolled. The total of all payments including interest would sum $13,020.17. This could be your effective total out of pocket cost of an education at Holmes Community College. Note that this calculation assumes you don't pay full list price tuition, are part of the reported 84% of students at this school who receive financial aid and you are paying an average annual net price of $5,686. If you do not financially qualify for a reduced net price, your student loan payments could be significantly higher than this example. Use our Holmes Community College 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.

Holmes Community College Student Loan Payments
Example Payments
Monthly Loan Payment$108.50
Amount Borrowed$11,372.00
Interest Rate2.75%
Term10 years
Number of Monthly Payments120
Total Interest Cost$1,648.17
Sum of All Payments over 10 years$13,020.17

Affording Student Loan Payments and Post Graduation Salary

Can I afford to attend Holmes Community College? 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 Holmes Community College, 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 $13,020.17 would be needed to afford a $108.50 monthly payment in the example $11,372.00 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.

Estimated Future Cost and Expected Tuition Increase

What will it cost to send your child to Holmes Community College in the future? In the past four years, this school's published in-state tuition and fee total rose from $2,000 to $2,600. This amounts to an average annual price increase of 6%. 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 2 year degree assuming tuition increases at the national average rate. Estimated future prices are based on the current in-state 2 year cost of $25,720.00. 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 Holmes Community College.

Annual2 Year Degree
Estimated Cost in 5 years for students enrolling in 2026$16,823$33,647
Estimated Cost in 10 years for students enrolling in 2031$21,471$42,943
Estimated Cost in 15 years for students enrolling in 2036 $27,403$54,807
Estimated Cost in 18 years for students enrolling in 2039 $31,723$63,446

Tuition History

What was tuition at Holmes Community College 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.

YearIn-StateOut-of-stateAnnual Increase
2012$1,850$4,430 12.1%
2011$1,650$3,990 3.9%
2010$1,588$3,538 -2.2%
2009$1,624$3,574 14%
2008$1,424$3,124 0%
2007$1,424$3,124 0%
2006$1,424$3,124 0%
2005$1,424$3,124 0%
2004$1,424$3,124 -50.2%
2003$2,860$6,260 0%
2002$2,860$6,260 18.8%
2001$2,408$5,808 128.5%
2000$1,054$2,354 0%
1999$1,054$2,354 0%
1998$1,054$2,254 0%
1997$1,054$2,254 5%
1996$1,004$2,204 0%
1995$1,004$2,004 0%
1994$1,004$2,004 0%
1993$1,004$2,004 24.9%
1992$804$1,804 14.2%
1991$704$1,704 0%


Use the calculators below to formulate a college savings plan for Holmes Community College or model a student loan.

College Savings Calculator

Plan and Save for College

Discover how much will you need to start saving now to afford Holmes Community College in the future.

Student Loan Calculator

Estimate Loan Payments

Modify the loan assumptions to fit your financial situation and likely tuition price. Then calculate your payoff and loan payments for a Holmes Community College student loan.

Prepayment Option

About Holmes Community College

Holmes Community College is a two year community college located in Goodman, Mississippi.  Full time enrollment is 3,527 and part time is 2,151.  Holmes Community College has an open admission policy meaning that any prospective student who has completed high school or attained a GED certificate may enroll in classes. Learn more about Holmes Community College at CollegeSimply.

Only undergraduate degrees are offered at this school.

Holmes Community College
#1 Hill St
Goodman, Mississippi

For Profit / Not For Profit Status

Holmes Community College is a public not for profit institution. Public schools often represent the best value for your education dollar, especially when students qualify for in-state tuition.

Holmes Community College cost and financial aid data source: U.S. Department of Education IPEDS survey data. Data last updated January 2021 and reflects academic year 2019/2020 costs reported by the school.