McDaniel College

In 2022, tuition for full-time students at Mcdaniel College was $48,672 a year.

Tuition increased 4% in 2023–from $46,800 the prior year. On average, college tuition goes up about 3% every year.

If these numbers sound impossible, remember, the advertized cost of tuition does not 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 total tuition after grants, scholarships, and tuition discounts kick in. And, student loans can make the amount you do have to pay for college feel more doable until you're done with college.

McDaniel College meets 86% of the demonstrated financial need for undergraduates. The average financial aid package for a full-time, first-year student at McDaniel College is around $44,349 a year.

Students in the class of 2023 who had taken out student loans graduated with an average of $23,983 of debt.

In-state vs. Out-of-state Tuition at McDaniel College

McDaniel College is a private, nonprofit institution, which means it has the same tuition for students from Maryland as it does for residents from other states.

Public colleges and universities receive funding from the state government. These institutions offer reduced tuition for students who are residents of that state.

Choosing a college where you qualify for in-state status can cut the cost of college tuition. Take the time to confirm your state's criteria for in-state residency. 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 additional requirements too, depending on where you live.

Explore other Maryland colleges

Do International Students Pay More to Go to McDaniel College?

McDaniel College has the same tuition for international students as for those from out of state.

International students are not eligible for federal financial aid, but may be eligible for private or school-specific aid and scholarships.

---

McDaniel College Room, Board, Fees, and More

---

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 McDaniel College.

Room and Board Costs at McDaniel College

Housing and campus dining at McDaniel College is $13,756 a year. This includes the cost of living in dorms or other on-campus housing, and a dining plan that allows you to eat in the McDaniel College's on-campus cafeterias and dining halls. Students who live off campus but would like to be able to eat in the campus dining can opt-in for a meal plan. The cost of a mean plan, or board-only, is $6,030.

Board costs can depend on how many meals are included in the plan you choose.

Cost of Books at McDaniel College

First-year students are sometimes surprised by how much books and supplies cost–and not in a good way. The actual 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.

Yearly Fees

Most schools charge some yearly fees to help cover the cost of facilties, like the library, gym and computer labs.

There may be optional fees associated with participating in certain activities, like joining a fraternity or sorority, or playing on an intramural sports team. Most colleges offer resources for students with financial need to find ways to lower or eliminate these costs.

Planes, Trains, and Automobiles: Transportation costs at McDaniel College

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 small enough that you can easily walk from class-to-class?? Do you plan to bring a car or are you planning to use busses, subways, or other modes of transportation? All of these questions can drastically impact your transportation budget. At McDaniel College, freshman are allowed to park on campus.

A school's location can also have a big effect on transportation costs. 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 a city may be costly, but there may be more buses, trains or affordable flights to actually get to school. McDaniel Collegeis located in a suburb in Maryland, near Baltimore and Washington and DC.

Other Costs

When creating a budget for college, don’t forget to consider personal expenses, like going out to eat or see shows, furnishing your living space, and things like haircuts, clothes and, yes, even toilet paper and shampoo.

---

Financial Breakdown for McDaniel College

---

Now, let’s do a rundown of all of the costs associated with college, to get a better estimate of what is really costs to go to McDaniel College.

How Much Does McDaniel College Cost?

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

2023 Total Tuition and Expenses
Tuition	$48,672
Room and Board	$13,756
Board Only	$2,564
Other expenses	$922

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

Total Estimated Costs
On-Campus	$64,325
Off-Campus	$54,443

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.

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

---

McDaniel College Financial Aid

---

The majority of McDaniel College undergrads use financial aid to to cover the cost of tuition. In 2023, 1,373 of the 1,762 undergrads enrolled received financial aid. McDaniel College meets 86% of the demonstrated financial need for undergraduates.

The average financial aid package for a full-time, first-year student is around $44,349 a year. Around 67% of McDaniel College undergrads take out student loans to cover any remaining costs. McDaniel College graduates who have student loans graduate with an average of $23,983 of student loan debt.

The average debt for each loan type varies.

Average Debt By Loan Type
Federal Loans	$10,951
Private Loans	$44,104

Most Common Loans for McDaniel College Students
Federal Loans	66%
Private loans	20%

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 McDaniel College financial aid, keep reading, or visit their financial aid website.

Scholarships at McDaniel 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, McDaniel College awarded 1,363 need-based scholarships to students, giving away total of $46.5 million to help students with financial need cover the cost of school. An additional $18.71 million in merit-based scholarship money was awarded to students without demonstrated financial need.

McDaniel 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 McDaniel 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 McDaniel College was $44,349 in 2023. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of McDaniel College seem more manageable.

Estimated Net Cost for Full-Time Students
On-Campus	$19,976
Off-Campus	$10,094

What will attending McDaniel 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 McDaniel College's net cost calculator on their website.

McDaniel College Tuition Payment Plans

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

McDaniel College does not have guaranteed tuition.

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

Does McDaniel College Offer Tuition Waivers?

Schools sometimes offer tuition waivers to 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, other expenses and fees are the responsibility of the student.

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

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

McDaniel 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.

For more information about McDaniel College's endowment, check with the school directly.

---

Learn More About McDaniel College

---

Choose one of the options below to find out more about about McDaniel College:

Overview

Student Life

Academics

Admissions

Join the conversation about about McDaniel College in the College Confidential forums