Understanding Cedar Crest College Tuition Costs and Financial Aid
For prospective students and their families, understanding the financial aspects of college is crucial. This article provides a comprehensive overview of Cedar Crest College's tuition costs, financial aid options, and student loan debt.
Sticker Price: Tuition and Fees
Cedar Crest College's tuition is $48,114, which includes both tuition and fees. Compared with the national average cost of tuition of $47,097, Cedar Crest College is more expensive. These fees may fund library services, student gym facilities, student centers, technology resources, and campus health centers.
Total Cost of Attendance
As you’re comparing costs of different institutions, also consider the total cost and the net price. The total cost is the sticker price, plus the cost of food and housing, books and supplies, and transportation and personal expenses. At Cedar Crest College, the total cost is $65,795. In 2023, the average yearly cost of room and board at Cedar Crest College was $12,722. During the same period, the average yearly cost of books and supplies was $3,000. Personal expenses are estimated at $850 per year.
Understanding Net Price
In 2023 Cedar Crest College had an average net price - the price paid after factoring in grants and loans - of $23,036. Between 2022 and 2023, the average net price of Cedar Crest College grew by 1.97%. The average net price for students is $23,036. Your net price is a college’s cost of attendance minus the grants and scholarships you receive. The net price you pay for a particular college is specific to you because it’s based on your personal circumstances and the college’s financial aid policies. Use the college’s Net Price calculator for the most accurate estimate of your net price.
Financial Aid Availability
Financial aid at Cedar Crest is typically a combination of merit scholarships/awards and need-based financial aid from federal, state, and/or college financial aid programs that are based on family financial information. Additionally, financial aid options, such as scholarships and grants, can help offset the cost of attendance. Cedar Crest College offers institutional merit and need-based aid, so it's crucial to complete the FAFSA (Free Application for Federal Student Aid) and any other required financial aid forms to be considered for aid opportunities. Financial aid packages often lower the out-of-pocket expense for many students, making college more financially manageable. Also, explore external scholarships from various sources, like civic organizations, specialty foundations, and businesses, as these can further assist in reducing your overall costs.
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The average need-based scholarship or grant awarded to first-year students at Cedar Crest College was $35,937. Additionally, 90% of first-year students received need-based financial aid in fall 2023.
Types of Financial Aid
Need-based self-help aid includes federal loans and work-study. The average need-based self-help aid awarded to first-year students was $2,926.Cedar Crest College met 100% of its students’ financial aid need. Read below to learn more about the types of aid available.
Scholarships and Grants
Scholarships are a type of funding that you don’t need to pay back. Need-based scholarships take a student’s financial status into account. Merit-based scholarships are awarded to students for academic or athletic achievement. You might also qualify for a scholarship based on your community service involvement, unique hobbies or traits, your personal background, or a parent’s employer or military affiliation.
Some students receive enough in scholarship money to cover their tuition and living expenses. See the types of scholarships and grants available at Cedar Crest College below.
Work-Study Programs and Campus Jobs
Working while in school can help lessen the burden of your student loans. Schools offer work-study programs to those who qualify and campus jobs to students looking to earn money in their free time. Some institutions match students with work-study positions, while others require them apply to the positions, like they would for any other job.
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Begin your job search by checking whether your college has in-person or online job boards.
Financial Aid Statistics
In 2023, 85% of undergraduate students attending Cedar Crest College received financial aid through grants. Comparatively, 71% of undergraduate students received financial aid through loans.
Student Loan Debt
How much student loan debt you accumulate can affect your financial life long after college ends. Ideally, your total student loan debt should fall below your anticipated starting salary once you graduate.
At Cedar Crest College, the median federal loan debt among borrowers who completed their undergraduate degree is $27,000. The median monthly federal loan payment (if it were repaid over 10 years at 5.05% interest) for student federal loan borrowers who graduated is $286.
Additionally, 33% of graduating students at Cedar Crest College took out private loans. Students with private loans had an average of $48,118 in private loan debt at graduation.
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Average Total Indebtedness of 2024 Graduating Class$62,101
Graduating students who have borrowed (any loan type, 2024)86%
Student Loan Default Rate
In 2022 the default rate for borrower's at Cedar Crest College was 0%, corresponding to 0 out of the 440 total borrowers.
A cohort default rate is the percentage of a school's borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year.
Admissions and Enrollment
Cedar Crest College received 1,152 undergraduate applications in 2023, which represents a 21.8% annual growth. Out of those 1,152 applicants, 1,142 students were accepted for enrollment, representing a 99.1% acceptance rate.
There were 1,248 students enrolled at Cedar Crest College in 2023. 18% of first-time enrollees submitted SAT scores with their applications.
Cedar Crest College has an overall enrollment yield of 13.6%, which represents the number of admitted students who ended up enrolling.
Full-Time vs Part-Time Enrollment
The total enrollment at Cedar Crest College in 2023, both undergraduate and graduate, is 1,248 students. The full-time enrollment at Cedar Crest College is 845 and the part-time enrollment is 403. This means that 67.7% of students enrolled at Cedar Crest College are enrolled full-time compared with 78.8% at similar Baccalaureate Colleges.
Retention Rate
Retention rate measures the number of first-time students who began their studies the previous fall and returned to school the following fall. The retention rate for full-time undergraduates at Cedar Crest College was 77%. Compared with the full-time retention rate at similar Baccalaureate Colleges (74%), Cedar Crest College had a retention rate higher than its peers.
Diversity in Enrollment
The enrolled student population at Cedar Crest College, both undergraduate and graduate, is 50.6% White, 16.5% Hispanic or Latino, 9.62% Black or African American, 3.13% Asian, 2.64% Two or More Races, and 0.16% American Indian or Alaska Native.
Graduation and Outcomes
In 2023, 461 degrees were awarded across all undergraduate and graduate programs at Cedar Crest College. 91.3% of these degrees were awarded to women, and 8.68% awarded men. The most common race/ethnicity group of degree recipients was white (280 degrees), 6.83 times more than then the next closest race/ethnicity group, hispanic or latino (41 degrees).
In 2023, 381 more women than men received degrees from Cedar Crest College. The most common race/ethnicity group of degree recipients at Cedar Crest College is white (280 degrees awarded). There were 6.83 times more white recipients than the next closest race/ethnicity group, hispanic or latino (41 degrees).
In 2023, the most specialized majors across all degree types at Cedar Crest College, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Human Sciences (27 degrees awarded), Biology (35 degrees), and Health (182 degrees).
Time to Complete Degree
In 2023, 51% of students graduating from Cedar Crest College completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 64% completed their degrees within 150% of the normal time, and 64% within 200%.
Operations and Endowment
Cedar Crest College has an endowment valued at nearly $38.6M, as of the end of the 2023 fiscal year. The return on its endowment was of 5.39M (14%) compared to the 4.79% average return (2.46M on 51.4M) across all Baccalaureate Colleges.
In 2023, Cedar Crest College had a total salary expenditure of 36.4M. Cedar Crest College employs 26 Assistant professors, 18 Professors and 18 Associate professors. Most academics at Cedar Crest College a…
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