Rainy River Community College Tuition 2023| The College Monk

$4,729

Tuition

$15,425

Cost of Attendance

$9,085

Net Price

Total Cost of Attendance

Student type	In-state	Out-State
Tuition & Fees	$5,325	$6,507
Book & Supplies	$800	$800
Room & Board cost	$5,600	$5,600
Other Expenses	$3,700	$3,700
Total Cost of Attendance	$15,425	$16,607

Average Net Price by Family Income

Net Price

$9,085

Family Income

Avg. Net Price

$0 to $30,000

$7,856

$30,001 to $48,000

$7,831

$48,001 to $75,000

$11,495

$75,001 to $110,000

$13,072

$110,000+

Student Loans

Example Loans

$14,628

Stafford Loan Interest

4.5%

Time to Pay off Student Loan

10 years

Example monthly payment

$152

Total interest paid

$3,589

Sum of Loan Payments

$18,217

To have a realistic understanding of how much it will cost to study at Rainy River Community College here is an example one can consider to estimate the payment amounts one will incur with a student loan. Take a loan of $14,628 for example. This will result in a $1,822 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 $18,217 which is $3,589 in addition to the principal amount, which constitutes the interest payment made throughout the life of the loan.