In 2022, tuition for full-time students at Southern Arkansas University-Magnolia was $7,020 a year for in-state students and $12,450 a year for out-of-state students.
Usually, colleges raise tuition about 3% each year.
If this makes attending the college of your dreams seem daunting, remember, the total cost of tuition isn't the final cost for attending college. Many students pay a lot less than the sticker price after grants, scholarships, and tuition discounts kick in. And, student loans can make theprice of collegemore manageable until you're done with college.
Southern Arkansas University-Magnolia is a public, state institution, so it offers a reduced tuition rate of $7,020 for in-state students who attend full-time.
Public colleges and universities receive funding from the state government. Public, state schools can offer lower tuition for students who meet the requirements for in-state residency.
Choosing a college where you qualify for in-state status can cut the cost of college tuition. Be sure to check your state's eligibility criteria for in-state tuition. 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 other criteria as well, depending on the state you and your parents currently reside in.
Explore other Arkansas colleges
Southern Arkansas University Magnolia 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 qualify for private or Southern Arkansas University Magnolia-specific aid and 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 Southern Arkansas University Magnolia.
Room and board at Southern Arkansas University Magnolia costs $8,028 a year. This includes the cost of living in dorms or other on-campus housing, plus a meal plan that enables you to eat all or some of your meals the Southern Arkansas University Magnolia's on-campus cafeterias and dining halls.
Meal-plan costs may vary depending 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 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.
Most schools also have fees to offsets cost associated with maintaining facilties, like the computer labs and libraries, athletic facilities, and more.
There may be other costs associated with participating in certain activities, like joining a fraternity or sorority, or participating in sports or other extracurriculars. Many schools offer resources so that those who may struggle to participate because of cost can find ways to lower or eliminate these costs.
The cost of transportation in college depends on a few key factors. Will you take a subway, car or an airplane to get 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 plan to bring a car or will you need to use busses, subways, or other modes of transportation? All of these factors can drastically impact your transportation budget. Keeping in mind, first-year students are allowed to park a car on campus.
The location of a college or university can also have a big effect on 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 an urban area is sometimes pricey, but there may be more buses, trains or affordable flights to actually get to school. The Southern Arkansas University-Magnolia campus is in a small town setting in Arkansas.
When estimating your budget for college, don’t forget to take into account 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 go over all of the costs we've covered, to get a better estimate of the actual cost of attending Southern Arkansas University Magnolia.
What will the cost of attending Southern Arkansas University Magnolia be? Here is a breakdown of tuition and expenses.
|2022 Total Tuition and Expenses|
|Room and Board||$8,028|
The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.
Tuition and fees may vary depending on program, course level, location, and more.
The majority of Southern Arkansas University-Magnolia undergrads use financial aid to to cover the cost of tuition. In 2022, 2,278 of the 3,160 undergrads enrolled received financial aid. Southern Arkansas University Magnolia meets 77% of the demonstrated financial need for undergraduates.
The average financial aid package for a full-time, first-year student is around $12,813 a year. Around 63% of Southern Arkansas University Magnolia undergrads take out student loans to cover any remaining costs. Southern Arkansas University Magnolia graduates who have student loans graduate with an average of $26,106 of student loan debt.
The average debt for each loan type varies.
|Average Debt By Loan Type|
|Most Common Loans for Southern Arkansas University Magnolia 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 Southern Arkansas University Magnolia 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, Southern Arkansas University Magnolia awarded 1,484 need-based scholarships to students, giving away total of $8 million to help students with financial need cover the cost of school. An additional $18.94 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 Southern Arkansas University Magnolia 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 Southern Arkansas University Magnolia was $12,813 in 2022. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Southern Arkansas University Magnolia seem more manageable.
|Estimated Net Cost for Full-Time Students|
|Net In-state, Off-campus||$-3,233|
Note: a negative number can indicate that a refund will be given to use toward other expenses such as housing, fees, and books. In such cases, be sure to reach out to the school directly for any clarification or questions.
What will attending Southern Arkansas University Magnolia 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 get a better idea of the actual cost of attending that school, based on their financial situation. You can find the Southern Arkansas University Magnolia'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 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.
Check the financial aid website for more information on payment plans and tuition waivers.
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Data Source: IPEDs and Peterson's Databases © 2022 Peterson's LLC All rights reserved
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