Grinnell's published cost of attendance reaches $79,228 per year, including $64,862 in tuition, $15,878 for room and board, and $800 for books and supplies. However, the average student pays significantly less after financial aid.
Select your family income to see your estimated cost
Net prices are averages and may vary. Based on federal data for first-time, full-time students receiving aid.
| Cost Category | Amount |
|---|---|
| Total Cost of Attendance (Sticker Price) | $83,440 |
| Tuition and Fees | $68,106 |
| Room and Board | $16,842 |
| Books and Supplies | $800 |
| Average Financial Aid (Grants and Scholarships) | -$65,792 |
| Average Net Price (What Families Pay) | $17,648 |
| Family Income | Net Price |
|---|---|
| $0–30k | $9,970 |
| $30–48k | $7,789 |
| $48–75k | $9,669 |
| $75–110k | $19,348 |
| $110k+ | $37,725 |
Grinnell's published cost of attendance reaches $79,228 per year, including $64,862 in tuition, $15,878 for room and board, and $800 for books and supplies. However, the average student pays significantly less after financial aid. The average net price across all income levels is $15,608, representing financial aid savings of $63,620 compared to the sticker price.
This substantial discount reflects Grinnell's commitment to making education accessible through need-based aid, though the effectiveness varies considerably by family income. The net price of $15,608 compares favorably to the peer median of $21,812, representing $6,204 in savings compared to similar institutions. The difference between sticker price and actual cost highlights the importance of applying for financial aid, as most students pay a fraction of the published cost.
Grinnell demonstrates strong financial aid support particularly for lower and middle-income families, with 16.9% of students receiving Pell grants compared to national averages. The institution provides generous aid to families earning under $75,000, where net prices remain under $7,000 across these income brackets.
Financial aid saves an average of $63,620 compared to sticker price, indicating comprehensive support for students who qualify for need-based assistance. However, the aid structure shows clear income targeting, with families earning over $75,000 facing substantially higher net prices.
The relatively modest Pell share suggests that while aid is generous for those who qualify, the overall student body skews toward higher-income families who can manage the costs for upper-income brackets.
How much students borrow and whether debt is manageable given outcomes.
Debt is well below typical first-year earnings — generally considered very manageable.
Student borrowing at Grinnell remains well-controlled compared to peer institutions. Median debt reaches $17,500, with debt ranging from $7,753 at the 25th percentile to $19,500 at the 75th percentile.
This compares favorably to the peer median of $25,000, representing $7,500 less borrowing than similar institutions. The debt performance ranks at the 81st percentile nationally, indicating strong debt management relative to most four-year colleges.
The debt-to-earnings ratio of 0.28 suggests manageable repayment obligations, as debt represents roughly 28% of first-year earnings. Parent PLUS borrowing averages $36,324 with monthly payments of $478, indicating that families supplement student aid with additional borrowing.
How cost compares to graduate earnings and value added.
Grinnell presents a mixed investment profile combining strong debt management with below-expectations earnings performance. While graduates earn $12,212 below expectations relative to their academic credentials (10.6th percentile), the controlled debt environment and long-term earnings trajectory of $62,830 create manageable financial outcomes.
The debt-to-earnings ratio of 0.28 falls within sustainable ranges, and the $7,500 debt advantage over peer institutions provides additional financial cushion. Return performance ranks well above average at the 79.5th percentile, driven primarily by debt management rather than exceptional earnings growth.
Students should weigh the liberal arts educational experience against career earnings expectations, as the institution delivers strong academic outcomes but modest financial returns relative to student qualifications.
