In 2022, tuition for full-time students at Mount Mary University was $32,700 a year.
In 2022, tuition increased 1.93%–from $32,080 the prior year. Usually, colleges raise tuition about 3% each year.
Remember, the displayed price of tuition does not tell the full story. Many students find the actual cost of college is way less than the sticker price after grants, scholarships, and tuition discounts are applied. Plus, student loans can make thecost of college feel more doable until you're done with college.
Mount Mary University is a private, religious institution, so it has the same tuition for residents of Wisconsin as it does for students who live in other states.
Public colleges and universities receive funding from the state government. Public insitutions often offer reduced tuition for those who qualify as Wisconsin residents.
Attending an insitution where you are eligible for in-state tuition can save on the total cost of attending college. Don't forget to verify your state's eligibility criteria for in-state tuition. Each state has different requirements to qualify as in-state resident. Most states require students to have resided in the state for a certain period of time before qualifying. There may be additional requirements too, depending on where you live.
Tuition at MMC is the same for every student.
Students from outside of the U.S. usually do not qualify for for loans or grants from the U.S. government, but may be eligible for private or MMC-specific aid and scholarships. International students who demonstrate financial need may be eligible for the following types of financial support at MMC:
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 MMC.
Housing and campus dining at MMC is $11,030 a year. This includes the cost of living in dorms or other on-campus housing, plus a dining plan that allows you to eat all or some of your meals the MMC's on-campus cafeterias and dining halls. Students who do not live on-campus but would like to be able to eat in the campus dining can choose to be on a meal plan. The cost of board-only is $1,772.
Board costs vary based on on the numnber of meals you intend to eat on-campus
The cost of books often surprises first-year college students. The real cost of books and supplies 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 help cover the cost of facilties, like the library, gym and computer labs.
Keep in mind, there could also be other costs associated with participating in special activities, like Greek Life, or participating in sports or other extracurriculars. Most colleges have ways for students with financial need to get help covering these costs.
The cost of getting around 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 make a big difference in your transportation budget. Keeping in mind, first-year students are allowed to park a car on campus.
Where are a college is located 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 transportation in an urban area is often costly, but there may be more trains, busses or low-cost flight options to actually get to school. Mount Mary Universityis located in a urban setting in Wisconsin, near Milwaukee.
When creating a budget for college, be sure to leave some room in your budget for the cost of things 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 what is really costs to go to MMC.
What will the cost of attending MMC be? Here is a breakdown of tuition and expenses.
|2022 Total Tuition and Expenses|
|Room and Board||$11,030|
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.
MMC’s tuition and fees change based on: •Academic program for both full and part-time students •Course load for part-time students
The majority of Mount Mary University undergrads use financial aid to finance their education. In 2022, 578 of the 716 undergrads enrolled received financial aid. MMC meets 71.9% of the demonstrated financial need for undergraduates.
The average financial aid package for a full-time, first-year student is around $31,949 a year. Around 90% of MMC undergrads take out student loans to cover any remaining costs. MMC graduates who have student loans graduate with an average of $27,219 of student loan debt.
The average debt for each loan type varies.
|Average Debt By Loan Type|
|Most Common Loans for MMC 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 MMC 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, MMC awarded 489 need-based scholarships to students, giving away total of $13 million to help students with financial need cover the cost of school. An additional $130000 thousand 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 MMC 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 MMC was $31,949 in 2022. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of MMC seem more manageable.
|Estimated Net Cost for Full-Time Students|
What will attending MMC 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 MMC'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.
MMC offers an Installment Payment Plan, which allows students to pay tuition in a series of smaller chunks instead of one lump sum.
Schools sometimes offer tuition waivers to certain groups, to reduce the total cost of attendance. 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.
MMC 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.
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