Cost to Attend Great Falls College MSU

G
Great Falls College MSU
Great Falls, Montana

Annual Costs

Undergraduate Tuition

Great Falls College MSU tuition is $2,752 per year for in-state residents. This is 27% cheaper than the national average public two year tuition of $3,755. The cost is 1% cheaper than the average Montana tuition of $2,787 for 2 year colleges. Tuition ranks 9th in Montana amongst 2 year colleges for affordability and is the 4th most expensive 2 year college in the state. If attending from out-of-state, the tuition is $9,644 which represents a 250% premium.

The school charges an additional fees of $698 in addition to tuition bringing the total effective in-state tuition to $3,450.

Housing Costs

Great Falls College MSU doesn't offer on campus housing. If you're not living with family you will need to budget for food and housing in the Great Falls area just like you would for a college with dorms. The estimated rent and meal expense per academic year for off campus housing is $7,560.

Books and Supplies

The estimated annual cost for books and supplies is $1,400.

Other Living Expenses

Off-campus students should budget for $3,738 in other miscellaneous living expenses.

Total Costs

The total tuition and living expense budget for in-state Montana residents to go to Great Falls College MSU is $16,148 for the 2020/2021 academic year. Out-of-state students who don't have Montana residence can expect a one year cost of $23,040. Students residing at home with parents providing food and housing should budget a total cost of $8,588.

Citation: Price data from the U.S. Department of Education's 2020 IPEDS survey response for Great Falls College MSU and represent reported costs for the 2020-2021 academic year.

Costs and Tuition for Great Falls College MSU
Estimated Budgets
Montana Resident Total Budget (Living Off Campus)$16,148
   In-State Tuition$2,752
   Other Fees$698
   Off-Campus Housing Budget$7,560
   Off-Campus Other Budget$3,738
   Books and Supplies$1,400
Montana Resident Total Budget (Living with Parents)$8,588
   In-State Tuition$2,752
   Other Fees$698
   Family Provided Room and Board$0
   With-Family Other Living Budget$3,738
   Books and Supplies$1,400
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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 $16,148 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 Great Falls College MSU net price for in-state students is $8,793* for the 2019/2020 academic year. This net price includes housing and meal expenses.

Pell Grants and other Grant Aid

80% of Great Falls College MSU students received grant aid in 2019/2020. The average total aid amount was $4,784. 52 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 $4,363. To apply for a Pell Grant to attend Great Falls College MSU, the first step is to fill out the Free Application for Federal Student Aid (FAFSA).

Net Price and Financial Aid for Great Falls College MSU
Financial Aid Summary
Average Annual Net Price$8,793*
Percent of Students Receiving Grant Aid80%
Average Total Grant Aid$4,784
Percent of Students Receiving Pell Grants52%
Average Amount of Pell Grant Aid$4,363

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 2019/2020 academic year.

Family Income Avg. Net Price
$0 to $30,000$7,271
$30,001 to $48,000$9,301
$48,001 to $75,000$9,895
$75,001 to $110,000$12,485
$110,000+$12,678

Average Financial Aid Mix - $16,148 In-State Total Cost

CollegeCalc has estimated typical coverage of the annual in-state tuition and living expenses of $16,148. Breakdown is based on average grant aid and federal loan aid which will vary based on your family income.

39%
41%
20%
Grants and Scholarships
39% - $4,784

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

Federal Loans
41% - $5,148

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

Out of Pocket
20% -  $2,478

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 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.

Tuition Comparison to Similar Community Colleges in the Region

School Cost vs. Great Falls College MSU
University of Montana Helena College of Technology5.3% less expensive
Stone Child College33.9% less expensive
Montana Tech College of Technology4.7% less expensive
Fort Belknap College36.8% less expensive
Flathead Valley Community College82.3% 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 Great Falls College MSU.

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 Great Falls College MSU is $32,296 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 $6,872 in-state net price as the basis. Applying this cost over 2 would estimate the cost of a degree at $13,744**

**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 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.

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 Great Falls College MSU.

Montana Resident Tuition Per Semester$1,376
Montana Resident Total Cost Per Semester$8,074
Non-Montana Resident Tuition Per Semester$4,822
Non-Montana Resident Total Cost Per Semester$11,520

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 Great Falls College MSU 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 Great Falls College MSU
Price per credit hour for Montana residents$205
Cost for one class for Montana residents (3 credit hours)$615
Price per credit hour for out of state residents$492
Cost for one class for out of state residents (3 credit hours)$1,476
Cost for one class for out of state residents (4 credit hours)$1,968

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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. 50% of Great Falls College MSU students receive U.S. Federal Student Loans with an average annual Federal Loan aid amount of $5,148.

Example Loan Payments and Costs

How much are student loan payments for Great Falls College MSU? 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 $13,744, 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 $16,487.34. This could be your effective total out of pocket cost of an education at Great Falls College MSU. Note that this calculation assumes you don't pay full list price tuition, are part of the reported 80% of students at this school who receive financial aid and you are paying an average annual net price of $6,872. If you do not financially qualify for a reduced net price, your student loan payments could be significantly higher than this example. Use our Great Falls College MSU 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.

Great Falls College MSU Student Loan Payments
Example Payments
Monthly Loan Payment$137.39
Amount Borrowed$13,744.00
Interest Rate3.73%
Term10 years
Number of Monthly Payments120
Total Interest Cost$2,743.34
Sum of All Payments over 10 years$16,487.34

Affording Student Loan Payments and Post Graduation Salary

Can I afford to attend Great Falls College MSU? 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 Great Falls College MSU, 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 $16,487.34 would be needed to afford a $137.39 monthly payment in the example $13,744.00 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 Great Falls College MSU in the future? In the past four years, this school's published in-state tuition and fee total rose from $2,496 to $2,752. This amounts to an average annual price increase of 2.1%. 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 $32,296.00. 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 Great Falls College MSU.

Annual2 Year Degree
Estimated Cost in 5 years for students enrolling in 2027$21,125$42,249
Estimated Cost in 10 years for students enrolling in 2032$26,961$53,922
Estimated Cost in 15 years for students enrolling in 2037 $34,410$68,820
Estimated Cost in 18 years for students enrolling in 2040 $39,834$79,667

Calculators

Use the calculators below to formulate a college savings plan for Great Falls College MSU 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 Great Falls College MSU 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 Great Falls College MSU student loan.

Prepayment Option

About Great Falls College MSU

Great Falls College MSU is a two year community college located in Great Falls, Montana.  Full time enrollment is 478 and part time is 593.  Great Falls College MSU 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 Great Falls College MSU at CollegeSimply.

Only undergraduate degrees are offered at this school.

Address
Great Falls College MSU
2100 16th Ave S
Great Falls, Montana
59405

For Profit / Not For Profit Status

Great Falls College MSU 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.

Great Falls College MSU cost and financial aid data source: U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=180249 IPEDS survey data. Data last updated February 2022 and reflects academic year 2020/2021 costs reported by the school.