In 2022, tuition for full-time Simpson College students was $45,306 a year.
Tuition increased 2.5% in 2023–from $44,202 the prior year. On average, college tuition rises about 3% year.
Remember, the total cost of tuition isn't the final cost for attending college. Many students find the actual cost of college is way less than the sticker price after grants, scholarships, and tuition discounts kick in. Plus, student loans can make the amount you do have to pay for college more manageable until you've finishing school and found a job.
Simpson College meets 86.88% of the demonstrated financial need for undergraduates. First-year students that attend Simpson College full-time are awarded $38,986 a year in financial aid, on average.
Graduates in the class of 2023 had an average of $35,791 in student loans per borrower.
Simpson College is a private, religious institution, so it has the same tuition for students from Iowa as it does for students who live in other states.
Public schools receive funds from the state to help them cover costs. Public insitutions often offer reduced tuition for those who qualify as Iowa residents.
Attending a school where you qualify for in-state tuition can save students a lot of money on the cost of tuition, as well as loans and interest owed. Be sure to confirm your state's requirements for in-state residency. Every state has its own rules about what makes someone eligible for in-state tuition. The most common requirement is that students must have lived in the state for a full year before starting school. There may be other criteria too, depending on where you live.
Tuition at Simpson College is the same for every student.
Students from outside of the U.S. usually do not qualify for for loans or grants from the U.S. government, but should research private or Simpson College-specific aid and scholarships. International students who demonstrate financial need may qualify for the following types of financial support at Simpson College:
•On-campus jobs •Simpson College-specific scholarships
International students without financial need may be eligible for merit-based institutional scholarships.
In addition to the cost of tuition, there are other costs associated with college, like room and board, facility fees, and books and supplies. Let's take a look at what impacts these costs, and what to expect at Simpson College.
Housing and campus dining at Simpson College costs $10,088 a year. This number includes the cost of living in dorms or other on-campus housing, and a meal plan that enables you to eat all or some of your meals the Simpson College's on-campus cafeterias and dining facilities. Students who do not live on-campus but would like to be able to eat in the campus dining can pay for a meal plan. The cost of board-only is $6,248.
Board costs can depend on how many meals are included in the plan you choose.
The cost of books often surprises first-year college students. The actual cost of books depends on the courses you take and what kinds of books and materials they require. To save money, many students choose to use books from the library or buy used textbooks and materials.
Most schools also have fees to offsets cost associated with maintaining facilties, like the library, gym and computer labs.
Keep in mind, there could also be other costs associated with participating in certain activities, like joining a fraternity or sorority, or playing on an intramural sports team. Many schools have ways so that those with financial need to get help covering these fees.
The cost of getting around in college can really vary. Will you take a subway, car or an airplane to get to school? Is on-campus parking free, or will you need to budget for parking? Is the campus easy to get around on foot? Do you plan to bring a car or are you planning to use busses, subways, or other modes of transportation? All of these factors can drastically impact your transportation budget. At Simpson College, freshman are allowed to park on campus.
Where are a college is located can impact transportation costs. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the flip side, getting around in a city is usually costly, but there may be more buses, trains and low-cost flight options to actually get to school. Simpson Collegeis located in a suburb in Iowa, not far from Des Moines.
When creating a budget for college, don’t forget to consider the cost of things like entertainment, clothes, furnishings and toiletries.
Now, let’s go over all of the costs we've covered, to get a better estimate of the actual cost of attending Simpson College.
What will the cost of attending Simpson College be? Here is a breakdown of tuition and expenses.
2023 Total Tuition and Expenses | |
---|---|
Tuition | $45,306 |
Room and Board | $10,088 |
Board Only | $2,678 |
Other expenses | $2,218 |
The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.
Total Estimated Costs | |
---|---|
On-Campus | $58,518 |
Off-Campus | $50,940 |
The breakdowns above provide a good estimate of the total cost of attendance before financial aid and scholarships. Tuition and fees may vary depending on program, course level, location, and more.
Simpson College’s tuition and fees change based on: •Academic program for both full and part-time students •Class time for both full and part-time students •Course load for part-time students
The majority of Simpson College undergrads use financial aid to help pay for school. In 2023, 898 of the 1,127 undergrads enrolled received financial aid. Simpson College meets 86.88% of the demonstrated financial need for undergraduates.
The average financial aid package for a full-time, first-year student is around $38,986 a year. Around 79% of Simpson College undergrads take out student loans to cover any remaining costs. Simpson College graduates who have student loans graduate with an average of $35,791 of student loan debt.
The average debt for each loan type varies.
Average Debt By Loan Type | |
---|---|
Federal Loans | $25,324 |
Simpson College-Specific Loans | $3,029 |
Private Loans | $30,780 |
Most Common Loans for Simpson College Students | |
---|---|
Federal Loans | 79% |
Institutional Loans | 3% |
Private loans | 27% |
Most students take out institutional or government loans, because they tend to have lower interest rates and more flexible repayment options than private loans. Loans from the federal government can be subsidized or unsubsidized. Subsidized loans do not accrue interest during school, while unsubsidized loans begin accruing interest at the time the loan is issued. If students do no qualify for enough federal loans to cover the cost of tuition, some take out private loans. Parents can also take out ParentPLUS loans, which are government loans for parents who are helping their children pay for college.
The Free Application for Federal Student Aid (FAFSA) helps colleges determine how much financial need students and their familes have, so they can offer a financial aid package that meets, or come close to meeting, their need. For more information on Simpson College financial aid, keep reading, or visit their financial aid website.
Some students may receive grants and scholarships to help pay for college. Unlike loans, scholarships and grants do not have to be paid back.
In 2023, Simpson College awarded 884 need-based scholarships to students, giving away total of $28.8 million to help students with financial need cover the cost of school. An additional $7.34 million in merit-based scholarship money was awarded to students without demonstrated financial need.
The net price of college is the actual cost of attending a school for one year. Net cost is calculated by subtracting any scholarships, grants or other aid that does not need to be paid back from the total cost. Student loans are not part of the calculation, because they need to be repaid.
Now that we have a sense of the total estimated costs for Simpson College students, we can subtract the average financial aid package to find the estimated net cost. Net cost can vary depending on a students’ need and the financial aid award received.
When considering whether a school fits your budget, it is important to consider the estimated net cost, not just the sticker price of tuition. Often, schools with the highest tuition also offer the most generous aid packages, so estimate your net cost before eliminating a school because it does fit your budget.
The average amount of financial aid received by a full-time first year student with demonstrated need at Simpson College was $38,986 in 2023. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Simpson College seem more manageable.
Estimated Net Cost for Full-Time Students | |
---|---|
On-Campus | $19,532 |
Off-Campus | $11,954 |
What will attending Simpson College really cost you? The answer depends on several factors.
As of 2011, colleges are required to have a net price calculator on their website to help prospective students and their families understand the actual cost of attending that school, based on their financial situation. You can find the Simpson College's net cost calculator on their website.
Some students choose to use payment plans to make the cost of tuition fit more comfortably in their budget.
Simpson College does not have guaranteed tuition.
Simpson College offers an Installment Payment Plan, which allows students to pay tuition in a series of smaller chunks instead of one lump sum.
Schools sometimes offer tuition waivers to certain groups, to reduce the total cost of attendance. Some colleges offer tuition waivers for faculty, staff, and their families , underrepresented students, or military students. Even with a tuition waiver, students are usually responsible for housing, meal plans, and other expenses.
Simpson College has some full or partial tuition waivers available for: - X - Employees or Children of Employees
Check the financial aid website for more information on payment plans and tuition waivers.
An endowment is the total value of a school's investments, donations, and assets. Endowment is not necessarily an indicator of the quality of a school, but it can give you a sense of how much money a college can afford to invest in expanding programs, improving facilities, and supporting students.
As of 2022, the total market value of Simpson College's endowment was $78.1 million. The average college endowment was $905 million in 2021. For each full-time student, Simpson College spends about $7,832 a year.
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Tuition & Fees
$56,300
In State$56,300
Out-of-StateStudents Who Receive Need-Based Aid
Average Financial Aid Package
Data Source: IPEDs and Peterson's Databases © 2022 Peterson's LLC All rights reserved
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Tuition and Fees
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