McPherson College

In 2022, tuition for full-time Mcpherson College students was $34,072 a year.

In 2023, tuition increased 4.86%–from $32,494 the previous year. On average, college tuition rises about 3% year.

If this makes attending the college of your dreams seem daunting, remember, the total cost of tuition isn't necessarily what you will have to pay to attend a school. Many students find the actual cost of college is much less than the total tuition after grants, scholarships, and tuition discounts kick in. Plus, student loans can make thecost of college more manageable until you've finishing school and found a job.

McPherson College meets 84% of the demonstrated financial need for undergraduates. First-year students that attend McPherson College full-time are awarded $31,360 a year in financial aid, on average.

Students in the class of 2023 who had taken out student loans graduated with an average of $35,150 of debt.

Does McPherson College Offer In-State and Out-of-State Tuition?

McPherson College is a private institution, so it has the same tuition for students from Kansas as it does for residents from other states.

Public colleges and universities receive funding from the state government. These institutions offer a lower cost of attendance for students who are residents of that state.

Attending a school where you qualify for the reduced tuition offered to state residentscan save students a lot of money on the overall cost of college. Be sure to confirm your state's requirements for in-state tuition. Each state has different requirements to qualify as in-state resident. The most common requirement is that students must have lived in the state for a full year before starting school. There may be other criteria as well, depending on the state you and your parents currently live in.

Explore other Kansas colleges

Tuition for International Students at McPherson College

Tuition at McPherson College is the same for all students.

International students are not eligible for loans or grants from the U.S. government, but should research private or school-specific aid and scholarships. International students who demonstrate financial need may qualify for the following types of financial support at McPherson College:

•On-campus jobs •Athletic Awards •McPherson College-specific scholarships

International students without financial need may be eligible for merit-based institutional scholarships and athletic awards.

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McPherson College Housing Expenses, Fees, and More

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In addition to tuition, there are other costs associated with college, like room and board, facility fees, and books and supplies. Let's take a look at what impacts these costs, and what to expect at McPherson College.

Room and Board Costs at McPherson College

Room and board at McPherson College is $9,454 a year. This covers the cost of living in dorms or other on-campus housing, and a dining plan that allows you to eat all or some of your meals the McPherson College's on-campus cafeterias and dining halls. Students who do not live on-campus but still want to use the dining facilities can choose to be on a meal plan. The cost of a mean plan, or board-only, is $7,100.

Meal-plan costs can depend on the number of meals you intend to eat on-campus

Cost of Books at McPherson College

The cost of books often surprises first-year college students. The real cost of books depends on the courses you take and what kinds of books and materials they require. To save money, many students choose to use books from the library or buy used textbooks and materials.

Yearly Fees

Most schools also have fees to offsets cost associated with maintaining facilties, like the library, gym and computer labs.

There may be optional fees associated with participating in special activities, like joining a fraternity or sorority, or playing on an intramural sports team. Many schools have ways so that those who may struggle to participate because of cost can get help covering these costs.

Transportation costs

The cost of transportation in college depends on a few key factors. Will you drive, fly, or take public transportation to school? Will you need to pay to park on-campus? Is the campus small enough that you can easily walk from class-to-class?? Do you own a car, or will you need to use public transportation? All of these factors can make a big difference in your estimated cost of transportation. Keeping in mind, first-year students are allowed to park a car on campus.

The location of a college or university can impact the amount you'll have to spend just to get around. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the other hand getting around in a city can be expensive, but there may be more buses, trains or low-cost flight options to actually get to school. McPherson Collegeis in a town in Kansas, near Wichita.

Other Costs

When you're planning for college, don’t forget to leave some room in your budget for the cost of things like going out to eat or see shows, furnishing your living space, and things like haircuts, clothes and, yes, even toilet paper and shampoo.

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Financial Breakdown for McPherson College

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Now, let’s go over all of the costs we've covered, to get a better idea of the actual cost of attending McPherson College.

How Much Does McPherson College Cost?

What will the cost of attending McPherson College be? Here is a breakdown of tuition and expenses.

2023 Total Tuition and Expenses
Tuition	$34,072
Room and Board	$9,454
Board Only	$3,044
Other expenses	$2,562

The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.

Total Estimated Costs
On-Campus	$47,178
Off-Campus	$45,096

The breakdowns above provide a good estimate of the total cost of attendance before financial aid and scholarships. Tuition and fees may vary depending on program, course level, location, and more.

McPherson College’s tuition and fees change based on: •Course load for part-time students

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Financial Aid at McPherson College

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The majority of McPherson College undergrads use financial aid to help pay for school. In 2023, 700 of the 824 undergrads enrolled received financial aid. McPherson College meets 84% of the demonstrated financial need for undergraduates.

The average financial aid package for a full-time, first-year student is around $31,360 a year. Around 73% of McPherson College undergrads take out student loans to cover any remaining costs. McPherson College graduates who have student loans graduate with an average of $35,150 of student loan debt.

The average debt for each loan type varies.

Average Debt By Loan Type
Federal Loans	$26,019
Private Loans	$42,392

Most Common Loans for McPherson College Students
Federal Loans	73%
Private loans	16%

Most students take out institutional or government loans, because they tend to have lower interest rates and more flexible repayment options than private loans. Loans from the federal government can be subsidized or unsubsidized. Subsidized loans do not accrue interest during school, while unsubsidized loans begin accruing interest at the time the loan is issued. If students do no qualify for enough federal loans to cover the cost of tuition, some take out private loans. Parents can also take out ParentPLUS loans, which are government loans for parents who are helping their children pay for college.

The Free Application for Federal Student Aid (FAFSA) helps colleges determine how much financial need students and their familes have, so they can offer a financial aid package that meets, or come close to meeting, their need. For more information on McPherson College financial aid, keep reading, or visit their financial aid website.

Scholarships at McPherson College

Some students may receive grants and scholarships to help pay for college. Unlike loans, scholarships and grants do not have to be paid back.

In 2023, McPherson College awarded 381 need-based scholarships to students, giving away total of $2.6 million to help students with financial need cover the cost of school. An additional $16.64 million in merit-based scholarship money was awarded to students without demonstrated financial need.

McPherson College Net Cost

The net price of college is the actual cost of attending a school for one year. Net cost is calculated by subtracting any scholarships, grants or other aid that does not need to be paid back from the total cost. Student loans are not part of the calculation, because they need to be repaid.

Now that we have a sense of the total estimated costs for McPherson College students, we can subtract the average financial aid package to find the estimated net cost. Net cost can vary depending on a students’ need and the financial aid award received.

When considering whether a school fits your budget, it is important to consider the estimated net cost, not just the sticker price of tuition. Often, schools with the highest tuition also offer the most generous aid packages, so estimate your net cost before eliminating a school because it does fit your budget.

The average amount of financial aid received by a full-time first year student with demonstrated need at McPherson College was $31,360 in 2023. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of McPherson College seem more manageable.

Estimated Net Cost for Full-Time Students
On-Campus	$15,818
Off-Campus	$13,736

What will attending McPherson College really cost you? The answer depends on several factors.

As of 2011, colleges are required to have a net price calculator on their website to help prospective students and their families understand the actual cost of attending that school, based on their financial situation. You can find the McPherson College's net cost calculator on their website.

McPherson College Tuition Payment Plans

Some students choose to use payment plans to make the cost of tuition fit more comfortably in their budget.

McPherson College does not have guaranteed tuition.

McPherson College offers an Installment Payment Plan, which allows students to pay tuition in a series of smaller chunks instead of one lump sum.

Does Mcpherson College Offer Tuition Waivers?

Schools sometimes waiver tuition for certain groups, to make attending more affordable. Some schools offer tuition waivers for faculty, staff, and their families , underrepresented students, or military students. Even if you qualify for a waiver, students are usually responsible for housing, meal plans, and other expenses.

Mcpherson College has some full or partial tuition waivers available for: - Employees or Children of Employees

Check the financial aid website for more information on payment plans and tuition waivers.

McPherson College's Endowment

An endowment is the total value of a school's investments, donations, and assets. Endowment is not necessarily an indicator of the quality of a school, but it can give you a sense of how much money a college can afford to invest in expanding programs, improving facilities, and supporting students.

As of 2022, the total market value of McPherson College's endowment was $53.9 million. The average college endowment was $905 million in 2021. The school spends $7,087 for each full-time student enrolled.

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Learn More About McPherson College

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