Lycoming College Tuition 2021| The College Monk

$39,360

Tuition

$56,155

Cost of Attendance

$19,954

Net Price

Lycoming College Tuition and Fees

Lycoming College is a prominent educational institution known for offering a range of undergraduate programs in a wide assortment of streams, providing quality training to students. The tuition fees charged at LC is quite moderate compared to the expense of education at most institutions. As per the 2020 - 2021 official information, the average cost for the undergraduate courses offered at the college adds up to about $41,851, which includes the total tuition fees and other expenses. The housing facilities, books and supplies, and other expenses cost $13,008, $1,200, and $2,072, respectively.

Total Cost of Attendance

Student type	In-state	Out-State
Tuition & Fees	$40,315	$40,315
Book & Supplies	$1,200	$1,200
Room & Board cost	$12,568	$12,568
Other Expenses	$2,072	$2,072
Total Cost of Attendance	$56,155	$56,155

Students should understand that the tuition fees charged for their degree programs is not the only expense that is involved in the cost of attending the university. They must plan for several other expenses that accompany the cost of attendance such as lodging, dining, textbooks, supplies, and the cost of living, among others. What's more, at Lycoming College, the total tuition and fees for the enrolled students come out to be around $41,851 in a year. Other than that, they will need to shell out an amount of $1,200 for books and supplies, $11,229 for room and boarding charges, and $2,072 toward other expenses on average in a year. Therefore, the estimated cost of attendance for one year at LC is around $56,352, as per the available information.

Average Net Price by Family Income

Net Price

$19,954

Family Income

Avg. Net Price

$0 to $30,000

$14,257

$30,001 to $48,000

$14,509

$48,001 to $75,000

$18,073

$75,001 to $110,000

$23,948

$110,000+

$27,434

The net price of attending Lycoming College is nothing but the actual amount that the students are required to pay in a year. It depends upon the annual family income of the applicant. The net cost to be borne is typically higher for candidates whose family income is comparatively higher. Simply put, the family income of the candidate is a key factor in determining the net amount. At LC, the average net price is estimated to be $20,036. Candidates whose annual family income is less than $30,000 will have to pay a net amount of $13,906. For the individuals whose income is somewhere between $30,001 and $48,000, the amount comes to $14,089. On the other hand, an estimated net cost of $16,691 is charged for the $48,001-$75,000 income bracket, $22,486 for the $75,001-$110,000 income category, and $27,729 for an annual family income more than $110,000.

Student Loans

Example Loans

$87,420

Stafford Loan Interest

4.5%

Time to Pay off Student Loan

10 years

Example monthly payment

$907

Total interest paid

$21,448

Sum of Loan Payments

$108,868

To have a realistic understanding of how much it will cost to study at Lycoming College here is an example one can consider to estimate the payment amounts one will incur with a student loan. Take a loan of $87,420 for example. This will result in a $10,887 payment to be made each year. We can assume that the interest rate is 4.5% post any refinancing or consolidation activities with a 10 years repayment plan. Then the total payment made towards the loan is $108,868 which is $21,448 in addition to the principal amount, which constitutes the interest payment made throughout the life of the loan.

Undergraduate Tuition and Fees

Student type	In-state	Out-State
Tuition & Fees	$40,315	$40,315
Room & Board Cost	$12,568	$12,568
Total Tuition & Fees	$52,883	$52,883

At Lycoming College, the tuition and fees for students who are pursuing undergraduate courses are estimated to be around $41,851 in a year. Alongside that, they will likewise need to shell out around $11,229 toward their room and boarding charges. In view of this information, the estimated total cost for undergraduate students at LC adds up to $56,352.

Cost Per Credit Hour

Degree	Year	Cost per Credit hour
Graduate	2018 - 2019	N/A
Undergraduate	2018 - 2019	$1,230

The graduate and undergraduate courses have a varying cost per credit hour – which is the total program cost divided by the total number of credit hours of the program – that the student has to pay to attend LC. The students, who enroll for graduate courses, will have to bear a cost per credit hour of $321.

Campus Housing Expenses

Housing & other expenses	On Campus	Off Campus
Room & Board	$12,568	$9,450
Other Expense	$2,072	$2,072
Book & Supplies	$1,200	$1,200

As far as the housing and related charges at LC are concerned, these expenses vary depending on whether the candidate chooses to live on-campus or off-campus. Students have to pay $15,080 per year for on-campus housing and $11,522 a year for off-campus lodging facilities. For on-campus students at the university, the room and board charges total around $13,008 per year, while the amount charged for off-campus candidates stands at $9,450. In addition to that, the candidates will have to pay an amount of about $1,200 for books and supplies. Apart from these, the other expenses that a candidate needs to plan for add up to around $2,072.

Campus Housing Expenses

Housing & Other Expenses

Room & Boards

On Campus

$12,568

Off Campus

$9,450

Housing & Other Expenses

Other Expenses

On Campus

$2,072

Off Campus

$2,072

Housing & Other Expenses

Book & Supplies

On Campus

$1,200

Off Campus

$1,200

Projected Price for a 4 year degree

As per official data, the current projected cost for a four-year bachelor's degree, along with the living expenses, at the college is estimated to be around $284,004. Notably, the total expenses for undergraduate students amounted to $20,036 in 2018-2019, $19,954 in 2017-2018, and $20,227 in 2016-2017.