Quantcast

Annual Costs

Undergraduate Tuition

New River Community and Technical College tuition is $3,966 per year for in-state residents. This is 12% more expensive than the national average public two year tuition of $3,532. The cost is 42% cheaper than the average West Virginia tuition of $6,893 for 2 year colleges. Tuition ranks 9th in West Virginia amongst 2 year colleges for affordability and is the 9th most expensive 2 year college in the state. If attending from out-of-state, the tuition is $4,834 which represents a 22% premium.

Housing Costs

New River Community and Technical College doesn't offer on campus housing. If you're not living with family you will need to budget for food and housing in the Beckley area just like you would for a college with dorms. The estimated rent and meal expense per academic year for off campus housing is $4,200.

Books and Supplies

The estimated annual cost for books and supplies is $1,350.

Other Living Expenses

Off-campus students should budget for $2,500 in other miscellaneous living expenses.

Total Costs

The total tuition and living expense budget for in-state West Virginia residents to go to New River Community and Technical College is $12,016 for the 2017/2018 academic year. Out-of-state students who don't have West Virginia residence can expect a one year cost of $12,884. Students residing at home with parents providing food and housing should budget a total cost of $7,816.

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

Costs and Tuition for New River Community and Technical College
Estimated Budgets
West Virginia Resident Total Budget (Living Off Campus)$12,016
   In-State Tuition$3,966
   Other Fees$0
   Off-Campus Housing Budget$4,200
   Off-Campus Other Budget$2,500
   Books and Supplies$1,350
West Virginia Resident Total Budget (Living with Parents)$7,816
   In-State Tuition$3,966
   Other Fees$0
   Family Provided Room and Board$0
   With-Family Other Living Budget$2,500
   Books and Supplies$1,350

Advertisement

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 $12,016 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 New River Community and Technical College net price for in-state students is $4,340* for the 2014/2015 academic year. This net price includes housing and meal expenses.

Pell Grants and other Grant Aid

91% of New River Community and Technical College students received grant aid in 2014/2015. The average total aid amount was $5,198. 80 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 $4,350. To apply for a Pell Grant to attend New River Community and Technical College, the first step is to fill out the Free Application for Federal Student Aid (FAFSA).

Net Price and Financial Aid for New River Community and Technical College
Financial Aid Summary
Average Annual Net Price$4,340*
Percent of Students Receiving Grant Aid91%
Average Total Grant Aid$5,198
Percent of Students Receiving Pell Grants80%
Average Amount of Pell Grant Aid$4,350

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 2014/2015 academic year.

Family Income Avg. Net Price
$0 to $30,000$4,849
$30,001 to $48,000$1,523
$48,001 to $75,000$2,451
$75,001 to $110,000$8,105
$110,000+$8,879

Average Financial Aid Mix - $12,016 In-State Total Cost

CollegeCalc has estimated typical coverage of the annual in-state tuition and living expenses of $12,016. Breakdown is based on average grant aid and federal loan aid which will vary based on your family income.

55%
33%
12%

Grants and Scholarships

 55% - $5,198

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

Federal Loans

 33% - $3,171

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

Out of Pocket

 12% -  $1,147

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 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.

Tuition Comparison to Similar Community Colleges in the Region

School Cost vs. New River Community and Technical College
Bridgemont Community and Technical College10.2% less expensive
Southern West Virginia Community and Technical College11.6% less expensive
Kanawha Valley Community and Technical College10.2% less expensive
New River Community College7.2% more expensive
Wytheville Community College7.2% 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 New River Community and Technical 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 New River Community and Technical College is $24,032 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 $5,347 in-state net price as the basis. Applying this cost over 2 would estimate the cost of a degree at $10,694**

**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 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

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 New River Community and Technical College.

West Virginia Resident Tuition Per Semester$1,983
West Virginia Resident Total Cost Per Semester$6,008
Non-West Virginia Resident Tuition Per Semester$2,417
Non-West Virginia Resident Total Cost Per Semester$6,442

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 New River Community and Technical 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 New River Community and Technical College
Price per credit hour for West Virginia residents$168
Cost for one class for West Virginia residents (3 credit hours)$504
Price per credit hour for out of state residents$201
Cost for one class for out of state residents (3 credit hours)$603
Cost for one class for out of state residents (4 credit hours)$804

Advertisements

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. 27% of New River Community and Technical College students receive U.S. Federal Student Loans with an average annual Federal Loan aid amount of $3,171.

Example Loan Payments and Costs

How much are student loan payments for New River Community and Technical 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 $10,694, 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 $13,268.80. This could be your effective total out of pocket cost of an education at New River Community and Technical 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 $5,347. If you do not financially qualify for a reduced net price, your student loan payments could be significantly higher than this example. Use our New River Community and Technical 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.

New River Community and Technical College Student Loan Payments
Example Payments
Monthly Loan Payment$110.57
Amount Borrowed$10,694.00
Interest Rate4.5%
Term10 years
Number of Monthly Payments120
Total Interest Cost$2,574.80
Sum of All Payments over 10 years$13,268.80

Affording Student Loan Payments and Post Graduation Salary

Can I afford to attend New River Community and Technical 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 New River Community and Technical 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 $13,268.80 would be needed to afford a $110.57 monthly payment in the example $10,694.00 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 New River Community and Technical College in the future? In the past four years, this school's published in-state tuition and fee total rose from $3,234 to $3,966. This amounts to an average annual price increase of 4.5%. 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 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 $24,032.00. 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 New River Community and Technical College.

Annual2 Year Degree
Estimated Cost in 5 years for students enrolling in 2024$15,719$31,438
Estimated Cost in 10 years for students enrolling in 2029$20,062$40,124
Estimated Cost in 15 years for students enrolling in 2034 $25,605$51,210
Estimated Cost in 18 years for students enrolling in 2037 $29,641$59,282

Comparable Cost for Popular Majors

We've compared the out of state cost of the most popular undergraduate areas of study at New River Community and Technical 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/Commerce, General Associate's Degree 31 42% cheaper
General Studies Associate's Degree 23 39% cheaper
Liberal Arts and Sciences/Liberal Studies Associate's Degree 21 42% cheaper
Science Technologies/Technicians, Other Associate's Degree 17 39% cheaper
Medical/Clinical Assistant Associate's Degree 14 37% cheaper
Corrections Associate's Degree 9 27% cheaper
Legal Assistant/Paralegal Associate's Degree 9 36% cheaper
Fine/Studio Arts, General Associate's Degree 8 35% cheaper
Administrative Assistant and Secretarial Science, General Associate's Degree 7 31% cheaper
Computer Science Associate's Degree 6 38% cheaper
Multi-/Interdisciplinary Studies, Other Associate's Degree 6 31% cheaper
Hospitality Administration/Management, General Associate's Degree 3 35% cheaper
Criminal Justice/Police Science Associate's Degree 3 33% cheaper
Homeland Security, Law Enforcement, Firefighting and Related Protective Services, Other Associate's Degree 2 31% cheaper
Banking and Financial Support Services Associate's Degree 1 34% cheaper

Calculators

Use the calculators below to formulate a college savings plan for New River Community and Technical 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 New River Community and Technical 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 New River Community and Technical College student loan.

Prepayment Option

About New River Community and Technical College

New River Community and Technical College is a two year community college located in Beckley, West Virginia.  Full time enrollment is 1,011 and part time is 436.  New River Community and Technical 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 New River Community and Technical College at CollegeSimply.

Only undergraduate degrees are offered at this school.

Address
New River Community and Technical College
221 George Street- Suite 2
Beckley, West Virginia
25801

For Profit / Not For Profit Status

New River Community and Technical 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.

New River Community and Technical College cost and financial aid data source: U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=447582 IPEDS survey data.