In 2021, tuition for full-time students at Magdalen College of the Liberal Arts was $23,400 a year.
Tuition was the same price in 2022 compare to the year before. On average, college tuition rises about 3% year.
Remember, the advertized cost of tuition doesn't mean much if you plan to use financial aid to help pay for college. Many students find the actual cost of college is much less than the sticker price after grants, scholarships, and tuition discounts kick in. And, student loans can make the amount you do have to pay out of pocket feel more doable until after graduation.
Magdalen College of the Liberal Arts is a private, religious institution, so it has the same tuition for residents of New Hampshire as it does for students who live in other states.
Public schools receive funds from the state to help them cover costs. These institutions offer a lower cost of attendance for students who are residents of that state.
Choosing a school where you qualify for in-state tuition can save significant money on the cost of tuition, as well as loans and interest owed. Don't forget to confirm your state's eligibility criteria for as an in-state resident. Every state has its own rules about what makes someone eligible for in-state tuition. In many states, students must have lived in the state for 12 months before starting school to qualify for in-state tuition. There may be other criteria too, depending on where you live.
Explore other New Hampshire colleges
Tuition at Magdalen College of the Liberal Arts is the same for all students.
Students from outside of the U.S. usually do not qualify for for loans or grants from the U.S. government, but should research private or Magdalen College of the Liberal Arts-specific grants, scholarships, and other funding opportunities..
Tuition is not the only cost of attending college; 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 Magdalen College of the Liberal Arts.
Housing and campus dining at Magdalen College of the Liberal Arts is $9,400 a year. This number covers the cost of living in dorms or other on-campus housing, and a meal plan that allows you to eat all or some of your meals the Magdalen College of the Liberal Arts's on-campus cafeterias and dining facilities.
Board costs can depend on how many meals are included in the plan you choose.
First-year students are sometimes surprised by how much books and supplies cost–and not in a good way. 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 books from students who have already taken the course.
The majority of colleges charge some yearly fees to offsets cost associated with maintaining facilties, like the computer labs and libraries, athletic facilities, and more.
Keep in mind, there could also be other costs associated with participating in special activities, like joining a fraternity or sorority, or participating in sports or other extracurriculars. Most colleges offer ways so that those who may struggle to participate because of cost can get help covering these costs.
The total cost of transportation in college can really vary. Will you drive, fly, or take public transportation to school? Is on-campus parking free, or will you need to budget for parking? Is the campus walkable? Do you own a car, or will you need to use busses, subways, or other modes of transportation? All of these factors can drastically impact your estimated cost of transportation.
Where are a college is located can impact your transportation budget. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the other hand transportation in an urban area is usually costly, but cities may offer more trains, busses or affordable flights to actually get to school. The Magdalen College of the Liberal Arts campus is in a small town setting in New Hampshire.
When budgeting for college, don’t forget to factor in personal expenses, like movies, takeouts, furniture or appliances for your dorm or housing, and essentials like laundry detergent, toothpaste and toilet paper.
Now, let’s look at the breakdown of all expenses, to get a better estimate of how much students can expect to shell out for Magdalen College of the Liberal Arts.
What will the cost of attending Magdalen College of the Liberal Arts be? Here is a breakdown of tuition and expenses.
|2022 Total Tuition and Expenses|
|Room and Board||$9,400|
The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.
|Total Estimated Costs|
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.
The majority of Magdalen College of the Liberal Arts undergrads use financial aid to finance their education. In 2022, 66 of the 71 undergrads enrolled received financial aid. Magdalen College of the Liberal Arts meets 85% of the demonstrated financial need for undergraduates.
The average financial aid package for a full-time, first-year student is around $17,581 a year. Around 71% of Magdalen College of the Liberal Arts undergrads take out student loans to cover any remaining costs. Magdalen College of the Liberal Arts graduates who have student loans graduate with an average of $18,186 of student loan debt.
The average debt for each loan type varies.
|Average Debt By Loan Type|
|Most Common Loans for Magdalen College of the Liberal Arts Students|
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 Magdalen College of the Liberal Arts financial aid, keep reading, or visit their financial aid website.
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 2022, Magdalen College of the Liberal Arts awarded 66 need-based scholarships to students, giving away total of $600000 thousand to help students with financial need cover the cost of school. An additional $1.02 million in merit-based scholarship money was awarded to students without demonstrated financial need.
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 Magdalen College of the Liberal Arts 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 Magdalen College of the Liberal Arts was $17,581 in 2022. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Magdalen College of the Liberal Arts seem more manageable.
|Estimated Net Cost for Full-Time Students|
What will attending Magdalen College of the Liberal Arts 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 make more informed decisions about the actual cost of attending that school, based on their financial situation. You can find the Magdalen College of the Liberal Arts's net cost calculator on their website.
Some students choose to use payment plans to make the cost of tuition fit more comfortably in their budget.
Students cannot pay tuition in installments. Contact the financial aid office to verify this and discuss options.
Schools sometimes waiver tuition for certain groups, to offset the cost of attending. Some colleges offer tuition waivers for faculty, staff, and their families , underrepresented students, or military students. Even with a tuition waiver, students are usually responsible for housing, meal plans, and other expenses.
Check the financial aid website for more information on payment plans and tuition waivers.
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