Understanding Spalding University Tuition Costs and Financial Aid Options
For students considering Spalding University, understanding the costs associated with tuition and the available financial aid options is crucial. This article breaks down the various aspects of tuition, fees, and financial aid at Spalding University, offering a comprehensive overview for prospective students and their families.
Tuition Costs at Spalding University
In 2023, the median undergraduate tuition at Spalding University was $27,450. This figure is less than the national average for Doctoral Universities, which stands at $31,004. The cost of tuition at Spalding University is $−3,554 less than the overall (public and private) national average for Doctoral Universities.
It's important to differentiate between the cost of attendance (or sticker price) and the net price. The cost of attendance represents the total amount of money the average student has to pay before financial aid. The Cost of Attendance includes Direct Costs (meaning it appears on your bill and is paid directly to Spalding University) as well as Indirect Costs (expenses associated with attending any college/university and are not paid to Spalding).
Factors Influencing Tuition
Tuition is based on full-time status consisting of 12-18 credit hours. Enrollment above or below the standard full-time status is calculated by the credit hour.
Additional Direct Costs
Additional direct costs that appear on the bill and are paid directly to Spalding University include:
Read also: Mastering the Spalding Student Portal
- A $100 deposit to secure your room and receive a housing assignment. This deposit will be applied as a payment to the student account reducing the balance due for the first semester that you live on campus.
- A $100 per semester fee for health and counseling services.
Graduate Tuition
Graduate tuition is calculated per credit hour and varies by program. Your graduate program of choice may have additional fees, including orientation, course fees, travel costs, etc. Spalding University estimates an additional $725 for books for full-time graduate students.
Additional Expenses
Beyond tuition, students should also budget for other expenses. In 2023, the average yearly cost of room and board at Spalding University was $10,216. The cost of room and board increased by 2.68% between 2022 and 2023. During the same period, the average yearly cost of books and supplies was $1,200. The cost of books and supplies increased by 7.14% during the same period.
If living on-campus, students should budget for $7,914 in additional living expenses.
Understanding the Average Net Price
The average net price provides a more realistic estimate of the true cost of attending Spalding University, once common grants and scholarships have been taken into account. In 2023, Spalding University had an average net price of $25,539. Between 2022 and 2023, the average net price of Spalding University grew by 3.77%.
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.
Read also: Board of Education in Griffin-Spalding
Net Price Calculation
The net price is a college’s cost of attendance minus the grants and scholarships you receive. The net price provides a more realistic estimate of the true cost of attending Spalding University, once common grants and scholarships have been taken into account.
Financial Aid Options at Spalding University
Financial aid refers to funding that students can use to pay for college and is generally awarded based on need or merit. Financial aid can include grants, loans, scholarships and work-study jobs. Financial aid packages vary depending on your financial need. Most colleges determine financial need based on your FAFSA.
In 2023, 84% of undergraduate students attending Spalding University received financial aid through grants. Comparatively, 57% of undergraduate students received financial aid through loans. In 2023, 84% of undergraduate students at Spalding University received financial aid through grants or loans.
Grants and Scholarships
Grants and scholarships don’t need to be paid back. 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.
Spalding University offers many types of scholarships and institutional aid to our undergraduate and graduate students. Over four years, an undergraduate student can earn up to $50,000 in merit awards alone.
Read also: Academics at Spalding High
Loans
Loans must be paid back. Federal loans for graduate school are available to most U. S. citizens and eligible non-citizens unless they have defaulted on previous student loans or have reached the lifetime limit (see www.fafsa.gov).
Work-Study
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.
Types of Aid Available
Spalding University is G.I. Bill certified and participates in the Yellow Ribbon Program.
Financial Aid Statistics
The average aid package awarded is $14,518.
Student Loan Debt
At Spalding University, the median federal loan debt among borrowers who completed their undergraduate degree is $25,250. 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 $268.
Student Loan Default Rate
In 2022 the default rate for borrower's at Spalding University was 0%, which represents 0 out of the 505 total borrowers.
How to Apply for Financial Aid
Whether or not you plan to take federal aid, it’s important that you apply by filing the Free Application for Federal Student Aid (FAFSA). Create your Federal Student Aid (FSA) ID to e-sign the FAFSA. File your FAFSA application.
If you would like a financial aid package, you can file your FAFSA for the 2025-26 school year beginning in late December.
Important Financial Aid Dates
The last day to apply for financial aid or turn in related paperwork is not available. Applications received prior to this date will be given the strongest consideration. Still apply for financial aid if you don’t make this due date. Notification Date is not available. The deadline for students to respond to the college’s aid offer is not available.
Enrollment and Graduation Statistics
In 2023, Spalding University had a total enrollment of 1,555 students. The full-time enrollment at Spalding University is 1,079 students and the part-time enrollment is 476. This means that 69.4% of students enrolled at Spalding University are enrolled full-time.
The enrolled student population at Spalding University, both undergraduate and graduate, is 59.4% White, 20.5% Black or African American, 4.57% Hispanic or Latino, 1.86% Two or More Races, 1.86% Asian, and 0.322% Native Hawaiian or Other Pacific Islanders.
In 2023, 552 degrees were awarded across all undergraduate and graduate programs at Spalding University. 77.7% of these degrees were awarded to women, and 22.3% awarded men. The most common race/ethnicity group of degree recipients was white (377 degrees), 3.7 times more than then the next closest race/ethnicity group, black or african american (102 degrees).
In 2023, 30% of students graduating from Spalding University completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 42% completed their degrees within 150% of the normal time, and 43% within 200%.
Admissions
Spalding University received 807 undergraduate applications in 2023, which represents a 12.1% annual growth. Out of those 807 applicants, 796 students were accepted for enrollment, representing a 98.6% acceptance rate.
In 2023, the undergraduate acceptance rate of Spalding University was 98.6% (796 admissions from 807 applications). This is higher than the acceptance rate of 2022, which was 97.6%. Between 2022 and 2023, the number of applicants grew by 12.1%, while admissions grew by 13.2%.
Comparing Costs and Value
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. The net price is the average cost of the university after aid and scholarship funds are discounted from the total cost.
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