Even though Grove City’s tuition, room and board of $27,700 is priced at about half the national average, 63% of our students receive institutional gift aid ranging from $100 to the full cost of tuition, room and board. See links to the right for financial assistance information or see below for an explanation of short-term and long-term costs. Be sure to apply for need-based aid between October 1 and April 15. We are here to assist you.
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Short-term costs are those that typically come to mind such as tuition and room & board. Long-term costs can be significantly more expensive than short-term costs and are often overlooked in the college decision-making process.
Direct Charges Before Financial Aid
Room and board
Total direct charges before aid
Financial Aid and Scholarships
Average scholarship aid for recipients (1)
Potential direct cost after aid, scholarships and before loans (2) (3)
You may want to consider lowering your up-front, out-of-pocket costs by applying for student loans and state grants. Grove City has a credit-based loan program with a major bank. First-year students can borrow up to $12,000. (4)
Long-term costs fall into the category that economists call “opportunity costs.” An opportunity cost is the cost of choosing one course of action, or college, over another. For example, the average Grove City College graduate earns more than 88% of college graduates in the marketplace today and pays off student loans three years early. Grove City students also graduate on time at a much higher rate than students from most of our competitor colleges and, therefore, many Grove City graduates begin earning impressive salaries earlier.
What does this have to do with opportunity cost? Missing the opportunity to attend Grove City College by choosing a college with lesser outcomes, may cost a college graduate tens of thousands if not hundreds of thousands of dollars over the life of a career. Opportunity costs can make a college education much more expensive than anticipated if only short-term costs are considered when making a college decision. A college degree is an investment with a lifetime payout. Caveat emptor.