College Costs in Parchment, MI 2026
Compare tuition, housing, and financial aid across 2 colleges in Parchment, Michigan. Use our free calculator to estimate your total cost.
Avg Public Tuition
$15,400
per year
Avg Private Tuition
$32,000
per year
Avg Rent Near Campus
$555
per month
Colleges & Universities
2
institutions
Parchment Overview
Population
29,601
Student Population
1,806 (6.1%)
Cost of Living Index
89.2 (avg: 100)
Walk Score
46/100
Transit Score
16/100
Unemployment Rate
4.4%
College Cost Calculator for Parchment
Cost Inputs
Total Cost (4 Years, Public In-State)
$115,356
Total After Financial Aid
$115,356
Annual Cost
$28,839
Annual After Aid
$28,839
Cost Breakdown (4 Years)
If Financed (10-Year Loan at 6.5%)
| Loan Amount | $115,356 |
| Monthly Payment | $1,310 |
| Total Interest | $41,825 |
| Total Loan Cost | $157,181 |
Universities in Parchment
| University | Type | Annual Tuition |
|---|---|---|
| Parchment State University | Public | $16,669 |
| Parchment Community College | Community | $4,938 |
Parchment has 2 total colleges and universities. Tuition figures are approximate annual in-state rates for the 2025-2026 academic year.
Cost of Living in Parchment vs. National Average
| Category | Parchment | National Avg | Difference |
|---|---|---|---|
| Public Tuition (In-State) | $15,400 | $10,940 | +$4,460 |
| Monthly Rent Near Campus | $555 | $1,050 | -$495 |
| Cost of Living Index | 89.2 | 100 | -10.799999999999997 |
Parchment's cost of living is below the national average. This makes it a more affordable city for students compared to many other college towns.
Student Life in Parchment
Walk Score
Car-Dependent
Transit Score
Minimal Transit
Student Population
1,806 students
Parchment has a total population of 29,601, with approximately 1,806 college students (6.1% of the population). While not primarily a college town, Parchment offers students access to urban amenities, diverse employment opportunities, and a wide range of cultural experiences.
Post-Graduation Outlook in Parchment
$39,939
Starting Salary
4.4%
Unemployment Rate
67%
Graduation Rate
~23 yrs
ROI Payback Period
Return on Investment Analysis
Graduates from colleges in Parchment earn a median starting salary of $39,939, which is $4,939 more per year than the average high school graduate salary of $35,000. At a 4-year public university cost of $115,356 (including room and board), it would take approximately 23 years of the salary premium to recoup the investment. With average financial aid of $9,613 per student per year, the net cost and payback period can be significantly reduced.
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