Cutting the price tag

CUTTING THE PRICE TAG

Broken price tag

How families just like yours are affording a Calvin education

Families just like mine? Really?

Really. Take a look:

Family income image

Family income distribution for students applying for financial aid.

Calvin has students from all economic backgrounds.

So how much does Calvin cost?

2019–20 cost



$46,900 pricetag

Cost includes:

  • $36,300 for tuition
  • $10,600 for room & board

2018 comparison


  • $48,510: Average national 4-year private colleges/universities

  • $44,800: Calvin University

  • Average national 4-year private colleges
  • Calvin University

Still, that’s a lot of money—how can my family afford that?

To answer that, let’s first discuss
STICKER PRICE vs. ACTUAL COST

Sticker price: $46,900

 

That $46,900 number? That’s the sticker price. It’s big and it’s daunting. But for most families at Calvin, it’s not the number they’ll actually pay.


Scissors


First cut

SCHOLARSHIPS

First, we subtract scholarships—up to $20,000 (based on merit).


Scissors


Second cut

GRANTS

Next, we subtract grants—up to $23,000 (based on need).


Scissors


Second cut

LOANS

Finally, we subtract student loans—up to $5,500.


Equals


Actual cost

ACTUAL COST

What we’re left with is the actual cost, often times significantly less than the original sticker price. It is the amount left over after scholarships, grants and student loans have been applied.






Shavings

So how much can I expect my actual cost to be?

It varies

While the actual cost of Calvin is different for each family, based on merit, need levels and other eligibility criteria, the average financial aid package for incoming students last year was $23,000.

 

99% of new Calvin students receive scholarships and/or grants—gift money that doesn’t need to be repaid.

99%

  Apply for admission and financial aid to find out what YOUR actual cost will be.

Then I’m guessing I’ll come out with
$100,000+ in loans, right?

Not even close.

 

You may have heard the shocking stories of six-figure college debt...

News report

$29,768

But of the students at Calvin who borrow, average student loan debt is $29,768—a far cry from the amounts we often hear cited.

That’s still a good chunk of change.
How will I repay that?

Calvin grads are successful.

Student worker

 

Calvin students develop a great work ethic, starting with 1,500+ on-campus job opportunities.


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Internship

 

86% of Calvin students have participated in an internship by the time they graduate—great preparation for after they leave.


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Briefcase


99% of the class of 2018 grads were either employed or in grad school one year after graduation.


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Money

The Calvin LifeWork program starts with your passion and unleashes your career path, all while teaching you about the value of living well.


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As a result, Calvin grads are able to pay back their loans.

Take a look at these loan default rates among graduates:

Calvin University National colleges/universities

What will I get for my investment?

But don’t just take our word for it.

Thumbs up

 

In 2018, MONEY Magazine ranked Calvin the best value among private colleges in Michigan based on educational quality, affordability and career outcomes.

US News and World Report - Best Universities Regional Midwest

 

U.S. News & World Report ranks Calvin #1 on its Midwest Regional list.

Ok, so what’s next?




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