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Annual Costs

Undergraduate Tuition

Tuition for Wofford College is $40,510 for the 2017/2018 academic year. This is 46% more expensive than the national average private non-profit four year college tuition of $27,755. The cost is 135% more expensive than the average South Carolina tuition of $17,257 for 4 year colleges. Tuition ranks 36th in South Carolina amongst 4 year colleges for affordability and is the 2nd most expensive 4 year college in the state. Price does not vary by residence.

The school charges an additional fees of $1,445 in addition to tuition bringing the total effective in-state tuition to $41,955.

Housing Costs

On campus room and board is provided by the school at a cost of $12,140 per academic year. Students electing to live off campus elsewhere in Spartanburg should budget at least this amount.

Books and Supplies

The estimated annual cost for books and supplies is $1,200.

Other Living Expenses

If living on-campus, students should budget for $2,454 in additional living expenses. Off-campus students should budget for $3,695 in other miscellaneous living expenses.

Total Costs

The annual tuition and living expense budget to go to Wofford College was $57,749 for the 2017/2018 academic year. The cost is the same for all students regardless of South Carolina residence status as there is no in-state discount.

Citation: Price data from the U.S. Department of Education's 2017-2018 and 2016-2017 IPEDS survey response for Wofford College and represent reported costs for the 2016-2017 and 2015-2016 academic years.

Costs and Tuition for Wofford College
Estimated Budgets
South Carolina Resident Total Budget $57,749
   In-State Tuition$40,510
   Other Fees$1,445
   Room and Board$12,140
   On-Campus Other Budget$2,454
   Books and Supplies$1,200
Non-Resident Total Budget $57,749
   Out-of-State Tuition$40,510
   Other Fees$1,445
   Room and Board$12,140
   On-Campus Other Budget$2,454
   Books and Supplies$1,200

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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 $57,749 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 Wofford College net price for in-state students is $24,731* for the 2014/2015 academic year. This net price includes housing and meal expenses.

Pell Grants and other Grant Aid

91% of Wofford College students received grant aid in 2014/2015. The average total aid amount was $24,528. 21 percent of students received aid in the form of Pell Grants from the U.S. Federal Government. The average Pell Grant awarded for 2014/2015 was $4,374. To apply for a Pell Grant to attend Wofford College, the first step is to fill out the Free Application for Federal Student Aid (FAFSA).

Net Price and Financial Aid for Wofford College
Financial Aid Summary
Average Annual Net Price$24,731*
Percent of Students Receiving Grant Aid91%
Average Total Grant Aid$24,528
Percent of Students Receiving Pell Grants21%
Average Amount of Pell Grant Aid$4,374

Average Net Price 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 2014/2015 academic year.

Family Income Avg. Net Price
$0 to $30,000$15,575
$30,001 to $48,000$19,450
$48,001 to $75,000$17,794
$75,001 to $110,000$25,315
$110,000+$30,322

Average Financial Aid Mix - $57,749 In-State Total Cost

CollegeCalc has estimated typical coverage of the annual in-state tuition and living expenses of $57,749. Breakdown is based on average grant aid and federal loan aid which will vary based on your family income.

44%
10%
46%

Grants and Scholarships

 44% - $24,528

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

Federal Loans

 10% - $5,546

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

Out of Pocket

 46% -  $25,221

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 2014-2015 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.

Is it Worth the Cost?

To make a comparative assessment if Wofford College is worth the price, measures of it's relative value for tuition dollar can be examined. We've calculated an academic national percentile rating of 73/100 for Wofford College. Considering an average net price paid of $20,772, this leads to an overall value ranking of 66/100. This places the school 131st on our national Best Value Colleges ranking as a provider of a very high value education compared to actual overall price paid.

Tuition Comparison to Similar Private Colleges in the Region

School Cost vs. Wofford College
Presbyterian College13.6% less expensive
Columbia International University46.4% less expensive
Johnson University66% less expensive
Berry College13.7% less expensive
Liberty University50.2% less expensive

Cost of a Degree

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 Wofford College.

Estimated 4 Year Cost at Published Tuition

At the current published rates, an estimated total tuition, fees and living expense price for a 4 year bachelor's degree at Wofford College is $230,996 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 $20,772 in-state net price as the basis. Applying this cost over 4 would estimate the cost of a degree at $83,088**

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 $288,745 or $103,860 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 2014-2015 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

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 Wofford 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 Wofford College
Price per credit hour$1,675
Cost for one class (3 credit hours)$5,025
Cost for one class (4 credit hours)$6,700

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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. 43% of Wofford College students receive U.S. Federal Student Loans with an average annual Federal Loan aid amount of $5,546. The reported average student debt upon graduation is $24,721.

Example Loan Payments and Costs

How much are student loan payments for Wofford 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 $83,088, 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 $103,093.15. This could be your effective total out of pocket cost of an education at Wofford College. Note that this calculation assumes you don't pay full list price tuition, are part of the reported 91% of students at this school who receive financial aid and you are paying an average annual net price of $20,772. If you do not financially qualify for a reduced net price, your student loan payments could be significantly higher than this example. Use our Wofford 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.

Wofford College Student Loan Payments
Example Payments
Monthly Loan Payment$859.11
Amount Borrowed$83,088.00
Interest Rate4.5%
Term10 years
Number of Monthly Payments120
Total Interest Cost$20,005.15
Sum of All Payments over 10 years$103,093.15

Affording Student Loan Payments and Post Graduation Salary

Can I afford to attend Wofford 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 Wofford 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 $103,093.15 would be needed to afford a $859.11 monthly payment in the example $83,088.00 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 Wofford College in the future? In the past four years, this school's published in-state tuition and fee total rose from $33,395 to $40,510. This amounts to an average annual price increase of 4.3%. 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 $230,996.00. 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 Wofford College.

Annual4 Year Degree
Estimated Cost in 5 years for students enrolling in 2024$79,418$317,673
Estimated Cost in 10 years for students enrolling in 2029$101,360$405,441
Estimated Cost in 15 years for students enrolling in 2034 $129,364$517,456
Estimated Cost in 18 years for students enrolling in 2037 $149,755$599,021

Comparable Cost for Popular Majors

We've compared the out of state cost of the most popular undergraduate areas of study at Wofford College to the national average for all other colleges offering the same major. Use this comparison to determine particular programs where this school offers value relative to other colleges.

Area of Study Graduates vs National Avg
Business/Managerial Economics Bachelor's Degree 44 44% costlier
English Language and Literature, General Bachelor's Degree 33 44% costlier
Chemistry, General Bachelor's Degree 18 39% costlier
Psychology, General Bachelor's Degree 16 43% costlier
Spanish Language and Literature Bachelor's Degree 14 34% costlier
Intercultural/Multicultural and Diversity Studies Bachelor's Degree 12 45% costlier
Physics, General Bachelor's Degree 7 31% costlier
Political Science and Government, General Bachelor's Degree 6 39% costlier
Philosophy Bachelor's Degree 4 28% costlier
French Language and Literature Bachelor's Degree 4 25% costlier
History, General Bachelor's Degree 4 41% costlier
Computer Science Bachelor's Degree 4 38% costlier
Chinese Language and Literature Bachelor's Degree 3 7% costlier
Religion/Religious Studies Bachelor's Degree 3 22% costlier
Environmental Studies Bachelor's Degree 2 18% costlier
Economics, General Bachelor's Degree 2 29% costlier
Sociology Bachelor's Degree 2 40% costlier
Drama and Dramatics/Theatre Arts, General Bachelor's Degree 2 36% costlier
German Language and Literature Bachelor's Degree 2 23% costlier
Mathematics, General Bachelor's Degree 1 41% costlier
Art History, Criticism and Conservation Bachelor's Degree 1 17% costlier
Biology/Biological Sciences, General Bachelor's Degree 1 43% costlier
Accounting Bachelor's Degree 1 55% costlier
Finance, General Bachelor's Degree 1 55% costlier
Humanities/Humanistic Studies Bachelor's Degree 1 35% costlier

Calculators

Use the calculators below to formulate a college savings plan for Wofford 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 Wofford 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 Wofford College student loan.

Prepayment Option

About Wofford College

Wofford College is a four year private college located in Spartanburg, South Carolina.  The school is affiliated with the United Methodist faith.  Full time enrollment is 1,665 and part time is 18.

Only undergraduate degrees are offered at this school.

Address
Wofford College
429 N Church St
Spartanburg, South Carolina
29303-3663

For Profit / Not For Profit Status

Wofford College is a private not for profit institution.

Wofford College cost and financial aid data source: U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=218973 IPEDS survey data.