Thomas College Tuition & Cost

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  • 4 Year
  • Waterville, ME
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How Much Does It Cost to Attend?

Sticker Price

$51,000
Costs for Thomas College
Fee Cost
Tuition $31,824
Books and Supplies $800
Other Fees $1,106
Room and Board $14,090
Budget for Other Expenses $3,180
Total One Year Cost $51,000

Annual Tuition & Costs

The annual tuition to attend Thomas College is $31,824. The cost is the same for both in-state and out-of-state students. Room and board fees are an additional $14,090. For educational materials, students should allocate approximately $800 for books and supplies plus $1,106 for other fees charged by the school. Finally, students should budget $3,180 for miscellaneous expenses throughout the year. With all these fees considered, the expected total cost to attend Thomas College on a full-time basis is $51,000 per annum.

Housing Costs

On campus room and board is provided by the school at a cost of $14,090 per academic year. Students electing to live off campus elsewhere in Waterville should budget at least this amount.

Books and Supplies

The estimated annual cost for books and educational supplies is $800.

Other Living Expenses

If living on-campus, students should budget for $3,180 in additional living expenses. Off-campus students should budget for $4,500 in other miscellaneous living expenses.

All price data is sourced from the IPEDS 2025 survey for academic year 2024/2025.

Net Price

The average reported annual net price for Thomas College for students receiving grants or scholarship aid was $19,126* in 2023/2024. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses.

Average Net Price 2023/2024

$19,126

Below is the average net price by student family income.

Net Price by Income Thomas College
Family Income Net Price Paid
$0 to $30,000$12,655
$30,001 to $48,000$11,904
$48,001 to $75,000$16,227
$75,001 to $110,000$18,145
$110,000+$26,770

The net price provides a more realistic estimate of the true cost of attending Thomas College, once common grants and scholarships have been taken into account. It's important to note that your net price will fluctuate based on factors such as family income, assets and individual financial need. Net price is the out-of-pocket total cost that students end up paying or financing though student loans.

*Reported Average Annual Net Price for students receiving grant or scholarship aid reported to the U.S. Department of Education's IPEDS 2025 survey for academic year 2023/2024. Financial aid is only available to those who qualify. Consult this school's net price calculator for further understanding of your potential net price.

Note that for colleges with no reported on-campus room and board, the average net price has been increased to account for living expenses. This number may not only reflect the net price paid to the school for tuition.

Financial Aid

98% of full-time undergrad Thomas College received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $28,212 per student during the 2023/2024 school year. Grant and scholarship aid does not need to be paid back.

Pell Grants

48 percent of students received aid in the form of Pell Grants from the U.S. Federal Government. The average Pell Grant awarded for 2023/2024 was $5,582. To apply for a Pell Grant to attend Thomas College, the first step is to fill out the Free Application for Federal Student Aid (FAFSA).

Student Loans

76% of students received Federal Student Loans averaging $5,497 and 12% of undergrads took out private student loans averaging $14,727.

Financial Aid Thomas College
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $28,212 98%
Institutional Grants and Scholarships $23,646 98%
Pell Grants $5,582 48%
Other Federal Grants $1,506 47%
State and Local Grants $2,497 43%
Federal Student Loans $5,497 76%
Other Student Loans $14,727 12%

Data Source, IPEDS 2025 survey for academic year 2023/2024

Financial Aid Mix - $51,000 Total Cost

CollegeSimply has modeled example payment coverage for the annual tuition and living expenses of $51,000. Breakdown is based on average grant aid and federal loan aid which will vary based on your family income.

Grants 59%
Loans 11%
Out of Pocket 30%

Grants and Scholarships

59% - $28,212

Money granted to you by the U.S. Department of Education, Thomas College or other organizations. These are not loans and do not need to be repaid.

Federal Student Loans

11% - $5,497

Low interest student loans funded by the U.S. Department of Education. This amount will need to be repaid.

Out of Pocket Cost

30% - $14,111

Covered by family savings, work or private student loans which you will have to repay.

Student Loans

To gauge a more realistic picture of what it really could cost you out of pocket to go to Thomas College, we've modeled a ten year student loan with an original principal value of $76,504. The loan balance of $76,504 is a four year multiple of the $19,126 average net price. This is a estimate of what you could owe upon graduation if you were to qualify for average financial aid and what a degree really may cost. Should you not qualify for financial aid, you may owe significantly more when you graduate. Based on these assumptions, a monthly repayment of $869 could be required to pay off your student loan. The total of all payments including interest would sum $104,335.94.

Please note that financial aid is not guaranteed and is only available for qualifying students. Federal Student Loans are not grants and must be repaid with interest. The current Stafford loan interest rate is 6.52%.

Example student loan for Thomas College
Example Loan $76,504
Stafford Loan Interest Rate 6.52%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $869.47
Total Interest Paid $27,831.94
Sum of All Loan Payments $104,335.94

Student Loan Affordability

In order to afford student loan payments and still meet all your other costs of living, it is recommended not to borrow more than you can pay back using 10% of your monthly income earned after graduation. If you're considering attending Thomas College, should consider if it will be realistic to make the post graduation loan payments based on your expected salary.

Using the 10% of salary threshold, an annual income of $104,335.94 would be needed to afford a $869.47 monthly payment in the example $76,504.00 loan modeled above. This assumes a repayment over 10 years. You can change the terms of this example loan using the student loan calculator below. View statistics about Thomas College student loan debt and graduate salaries under student outcomes.

Projected 4 Year Degree Price

4 Year Sticker Price

$204,000
Projected degree price by year for Thomas College
Year All Residents
1 $51,000
2 $52,939
3 $54,952
4 $57,042

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Thomas College to be $204,000 - assuming graduation in normal time. The estimation assumes a 3.8% annual increase over the next 4 years which has been the recent trend for this school.

Tuition Details

Credit Hour Cost and Price per Class

Credit Hour and Class Costs at Thomas College
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $994 $2,982 $3,976

Estimated cost for a class at Thomas College based on published credit hour prices. Note that not all schools allow single class enrollment. These prices should be used for comparison purposes as to how much it may cost to take a class at Thomas College versus other colleges.

Tuition Payment Plans Available

Thomas College Payment Plans
Tuition Payment Plan Yes
Prepaid Tuition Plan No
Alternative Tuition Plan Yes
Guaranteed Tuition Plan No

Tuition History

Historical tuition and price increases for Thomas College.

Tuition history for Thomas College
Year Tuition Annual Increase
2023 $29,824 3%
2022 $28,954 3%
2021 $28,110 2.5%
2020 $27,420 2.5%
2019 $26,740 3%
2018 $25,960 3%
2017 $25,200 3%
2016 $24,468 3.5%
2015 $23,640 3.5%
2014 $22,830 3%
2013 $22,160 0%
2012 $22,160 5%
2011 $21,100 3.2%
2010 $20,440 3.5%
2009 $19,750 5.6%
2008 $18,710 5.5%
2007 $17,730 6.2%
2006 $16,690 7.5%
2005 $15,520 5.9%
2004 $14,650 5.5%
2003 $13,890 4.5%
2002 $13,290 4%
2001 $12,780 4%
2000 $12,290 4.8%
1999 $11,725 8.1%
1998 $10,850 3%
1997 $10,530 8.3%
1996 $9,720 5.7%
1995 $9,195 3.9%
1994 $8,850 2.9%
1993 $8,600 6.8%
1992 $8,050 6.2%
1991 $7,580 9.2%
1990 $6,940 6.8%
1989 $6,500 -33.2%
1988 $9,730

Plan and Calculate Costs

College Savings Calculator

Plan and Save for College

Discover how much will you need to start saving now to afford Thomas College in the future.

Student Loan Calculator

Estimate Loan Payments

Modify the loan assumptions to fit your financial situation and likely tuition price. Then calculate your payoff and loan payments for a Thomas College student loan.

Prepayment Option

Data source: NCES / IPEDS https://nces.ed.gov/collegenavigator/?id=161563.

Last updated: August 2026