#6 Best Private Colleges in Iowa

Cornell College Tuition & Cost

Mount Vernon, Iowa

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How much does it cost to attend?

Sticker Price
Costs for Cornell College
Fee Cost
Books and Supplies$1,200
Other Fees$626
Room and Board $10,150
Other Expenses Budget$3,253

Annual Prices

The annual list price to attend Cornell College on a full time basis for 2020/2021 is $60,517 for all students regardless of their residency. This fee is comprised of $45,288 for tuition, $10,150 room and board, $1,200 for books and supplies and $626 for other fees. Out of state tuition for Cornell College is $45,288, the same as Iowa residents.

All price data is sourced from the 2020/2021 U.S. Department of Education National Center for Education Statistics survey.

Net Price

Net price is indicative of what it actually costs to attend Cornell College when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2019/2020
Net Price by Income Cornell College
Family Income Net Price Paid
$0 to $30,000$16,806
$30,001 to $48,000$17,628
$48,001 to $75,000$21,797
$75,001 to $110,000$24,390

The average reported annual net price for Cornell College for students receiving grants or scholarship aid was $25,028 in 2019/2020. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

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Financial Aid

100% of full-time undergrad Cornell College received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $33,265 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 63% of students received Federal Student Loans averaging $5,630 and 19% of undergrads took out private student loans averaging $8,320.

Finanical Aid Cornell College
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $33,265 100%
Institutional Grants and Scholarships $31,082 100%
Pell Grants $4,573 21%
Other Federal Grants $1,015 26%
State and Local Grants $6,111 16%
Federal Student Loans $5,630 63%
Other Student Loans $8,320 19%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Cornell College, we've modeled a ten year student loan with an original principal value of $82,808. The loan balance of $82,808 is a four year multiple of the $20,702 average net price. This is a estimate of what you could owe upon graduation if you were to qualify for average financial aid and what a degree really may cost. Should you not qualify for financial aid, you may owe significantly more when you graduate. Based on these assumptions, a monthly repayment of $790 could be required to satisfy your student loan.

Please note that financial aid is not guaranteed and is only available for qualifying students. Federal Student Loans are not grants and must be repaid with interest. The current Stafford loan interest rate is 2.75%.

Example Loan $82,808
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $790.08
Total Interest Paid $12,001.56
Sum of All Loan Payments $94,809.56

Projected 4 Year Degree Price

4 Year Sticker Price
Year All Residents
1 $60,517
2 $62,660
3 $64,879
4 $67,177

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Cornell College to be $242,068 - assuming graduation in normal time. The estimation assumes a 3.5% annual increase over the next 4 years which has been the recent trend for this school.

Credit Hour Cost and Price per Class

Credit Hour and Class Costs at Cornell College
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $1,415 $4,245 $5,660

Estimated cost for a class at Cornell College based on published credit hour prices. Note that not all schools allow single class enrollment. These prices should be used for comparison purposes as to how much it may cost to take a class at Cornell College versus other colleges.

Tuition Payment Plans Available

Cornell College Payment Plans
Tuition Payment Plan No
Prepaid Tuition Plan No
Alternative Tuition Plan No
Guaranteed Tuition Plan No

Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=153162 IPEDS survey data for Cornell College.