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Financial Aid

2024-2025 Cost of Attendance

Students playing music at the May Dell at Salem College

In order to offer financial aid, a college must first establish a cost of attendance.

Based on the cost of attendance and your expected family contribution (EFC), as determined by the information you provided on the FAFSA, the Financial Aid Office processes aid packages to continuing and admitted students.

Financial aid packages are based on a cost of attendance that is constructed based on several components as designated by federal regulations. The cost of attendance includes “Direct Costs” for expenses that are paid to Salem College directly, such as tuition, mandatory fees, food, and housing. It also includes “Indirect Costs” for expenses that are not invoiced by Salem College directly; however, you may incur while enrolled such as books and course related supplies, transportation, federal loan fees (if applicable), and miscellaneous expenses. Your actual cost may vary. Some programs involve additional costs. Please contact the Salem College Controller’s Office if you have questions about additional costs.

Total actual costs per student may vary depending upon student classification, enrollment status, and food and housing selections. Per federal regulations, the aggregate financial aid may not exceed the stated cost of attendance.

The below 2024-2025 Cost of Attendance (Fall/Spring) figures are based on full-time enrollment. Less than full-time enrollment status will result in the decrease of certain direct and indirect costs.

Full-Time Undergraduate Residential Student

Direct costs billed to the student are $47,558. You may be eligible for federal, state, and/or institutional aid. Please complete the 2024-25 FAFSA if you are interested in receiving financial aid.

Budget ItemAmount
Direct CostsAmount
Tuition and Fees (12+ hours per semester)$33,848
Food$6,986
Housing$6,724
Total Direct Costs$47,558
Indirect CostsAmount
Loan Fees$78
Books and Supplies$1,250
Transportation allowance$4,492
Miscellaneous expense allowance$1,880
Total Indirect Costs$7,700
Total Cost of Attendance$55,258

Full-Time Undergraduate Commuter Student

Direct costs billed to the student are $33,848. You may be eligible for federal, state, and/or institutional aid. Please complete the 2024-25 FAFSA if you are interested in receiving financial aid.

Budget ItemAmount
Direct CostsAmount
Tuition and Fees (12+ hours per semester)$33,848
Indirect CostsAmount
Loan Fees$78
Books and Supplies$1,250
Housing allowance$9,990
Food allowance$3,860
Transportation allowance$1,498
Miscellaneous expense allowance$1,880
Total Indirect Costs$18,556
Total Cost of Attendance$52,404

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