In 2021, tuition for full-time students at Misericordia University was $34,952 a year.
Tuition increased 2.5% in 2022–from $34,100 the previous year. On average, colleges raise tuition about 3% each year.
If this makes attending the college of your dreams seem daunting, remember, the displayed price of tuition does not mean much if you plan to use financial aid to help pay for college. Many students owe way less than the sticker price after grants, scholarships, and tuition discounts kick in. And, student loans can make theactual cost of attending college more manageable until after graduation.
Misericordia University is a private, religious institution, so it has the same tuition for students from Pennsylvania as it does for students who live in other states.
Public schools receive funds from the state to help them cover costs. Public, state schools can offer lower tuition for students who meet the requirements for in-state residency.
Attending a college where you qualify for the reduced tuition offered to state residentscan save on the cost of tuition, as well as loans and interest owed. Take the time to verify your state's rules for in-state residency. Every state has its own rules about what makes someone eligible for in-state tuition. The most common requirement is that students must have lived in the state for a full year before starting school. There may be additional requirements as well, depending on where you live.
Tuition at Misericordia University is the same for all students.
International students usually do not qualify for 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 be eligible for the following types of financial support at Misericordia University:
•On-campus jobs •Loans from outsideMisericordia University •Misericordia University-specific scholarships
International students without financial need may be eligible for merit-based institutional scholarships.
In addition to the cost of 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 Misericordia University.
Room and board at Misericordia University costs $14,650 a year. This number 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 school dining halls.
Meal-plan costs vary based on on the numnber of meals you intend to eat on-campus
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 the textbooks, computer programs, or other materials are required.. 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 also have fees to offsets cost associated with maintaining facilties, like the library, gym and computer labs.
Keep in mind, there could also 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 for students who may struggle to participate because of cost can get help covering these fees.
The cost of transportation in college can really vary. Will you take a subway, car or an airplane to get to school? Is on-campus parking free, or will you need to budget for parking? Is the campus easy to get around on foot? Do you own a car, or will you need to use busses, subways, or other modes of transportation? All of these questions can make a big difference in your transportation budget. Keeping in mind, first-year students are not allowed to park a car on campus.
A school's location can impact 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 getting around in an urban area can be costly, but cities may offer more trains, busses or affordable flights to actually get to school. Misericordia Universityis in a small town setting in Pennsylvania.
When you're planning for college, don’t forget to take into account the cost of things like entertainment, clothes, furnishings and toiletries.
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 Misericordia University.
What will the cost of attending Misericordia University be? Here is a breakdown of tuition and expenses.
|2022 Total Tuition and Expenses|
|Room and Board||$14,650|
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 Misericordia University undergrads use financial aid to finance their education. In 2022, 1,175 of the 1,845 undergrads enrolled received financial aid. Misericordia University meets 84% of the demonstrated financial need for undergraduates.
The average financial aid package for a full-time, first-year student is around $27,827 a year. Around 80% of Misericordia University undergrads take out student loans to cover any remaining costs. Misericordia University graduates who have student loans graduate with an average of $45,238 of student loan debt.
The average debt for each loan type varies.
|Average Debt By Loan Type|
|Most Common Loans for Misericordia University 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 Misericordia University 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, Misericordia University awarded 1,174 need-based scholarships to students, giving away total of $24.4 million to help students with financial need cover the cost of school. An additional $7.21 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 Misericordia University 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 Misericordia University was $27,827 in 2022. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Misericordia University seem more manageable.
|Estimated Net Cost for Full-Time Students|
What will attending Misericordia University 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 Misericordia University'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 schools offer tuition waivers for employees and their family members, 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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