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Colleges / University of Mount Olive

University of Mount Olive Tuition Information

In 2021, tuition for full-time students at University of Mount Olive was $21,618 a year.

Tuition increased 4.94 percent in 2021, from $20,600 the prior year. On average, college tuition rises about 3 percent a year.

If these numbers sound high, remember, the "sticker price" of tuition doesn't give you enough information to determine the actual cost. Many students pay far less than the total tuition after grants, scholarships, and tuition discounts kick in. Plus, student loans can make the amount you do have to pay for college more manageable.

Does University of Mount Olive Offer In-State and Out-of-State Tuition?

University of Mount Olive is a private, religious institution, so it has the same tuition for residents of North Carolina as it does for residents from other states.

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 can cut the cost of college tuition. Each state has different requirements to qualify as in-state resident. The most common requirement is that students must have lived in the state for a full year before starting school.

Explore other North Carolina colleges

University of Mount Olive International Student Tuition

Tuition at University of Mount Olive is the same for all students.

International students are not eligible for federal financial aid, but may be eligible for school-specific aid and scholarships. International students with need may be eligible for the following types of financial support:

Loans from outsideUniversity of Mount Olive

Athletic Awards

University of Mount Olive-specific scholarships

International Students Tuition Waivers

International students without financial need may be eligible for merit-based institutional scholarships and athletic awards.

University of Mount Olive Living Expenses and Other Costs

In addition to tuition, there are other costs associated with college, like room and board, facility fees, and books and supplies.

Room and Board at University of Mount Olive

Room and board at University of Mount Olive is $9,170 a year. This includes the cost of living in dorms or other campus housing, plus a meal plan that allows you to eat in the school dining facilities.

Board costs may vary depending on how many meals are included in the meal plan you choose.

Cost of Books at University of Mount Olive

The cost of books often surprises first-year college students. The actual cost of books depends on the courses you take and the materials required.

Yearly Fees

Most schools also have fees to help cover the cost of facilties, like the library, gym and computer labs. Full-time undergrads at University of Mount Olive pay $500 in fees each academic year.

There may also be optional fees associated with participating in certain activities, like joining a fraternity or sorority, or playing on an intramural sports team, may mean additional fees.

Transportation costs

The total cost of transportation in college can really vary. It depends on if you drive or fly to get to school, own a car, or if you prefer to walk or take public transportation to get around campus.

A school's location can impact transportation costs. The University of Mount Olive campus is in a small town setting in North Carolina, not far from Raleigh. First-year students are allowed to park a car on campus.

Other College Costs

When creating a budget for college, don’t forget to leave some room in your budget for personal expenses, like entertainment, clothes, furnishings and toiletries.

Let’s look at the breakdown of all expenses, which can add up for both on-campus and off-campus students.

Total Cost of University of Mount Olive

2021 Total Tuition and Expenses
Tuition $21,618
Room and Board $9,170
Yearly Fees $500
Total Estimated Costs
On-Campus $31,288
Off-Campus $22,118

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.

University of Mount Olive Financial Aid

The majority of University of Mount Olive undergrads use financial aid to help pay for school. In 2021, 1,127 of the 3,251 undergrads enrolled received financial aid. University of Mount Olive meets 67 percent of the demonstrated financial need for undergraduates.

The average financial aid package for a full-time, first-year student is around $15,947 a year. Around 78 percent of University of Mount Olive undergrads take out student loans to cover any remaining costs. University of Mount Olive graduates who have student loans graduate with an average of $32,227 of student loan debt.

The average debt for each loan type varies.

Average Debt By Loan Type
Federal Loans $31,305
State Loans $0
University of Mount Olive-Specific Loans $0
Private Loans $13,704
Most Common Loans for University of Mount Olive Students
Federal Loans 78%
Private loans 6%

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 University of Mount Olive financial aid, keep reading, or visit their financial aid website.

Scholarships at University of Mount Olive

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 2021, University of Mount Olive awarded 1,042 need-based scholarships to students, giving away total of $15,739,696 to help students with financial need cover the cost of school. An additional $2,314,051 in merit-based scholarship money was awarded to students without demonstrated financial need.

Net Cost of University of Mount Olive

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 University of Mount Olive 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 University of Mount Olive was $15,947 in 2021. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of University of Mount Olive seem more manageable.

Estimated Net Cost for Full-Time Students
On-Campus $15,341
Off-Campus $6,171

What will attending University of Mount Olive 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 University of Mount Olive's net cost calculator on their website.

University of Mount Olive Tuition Payment Plans

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.

University of Mount Olive Tuition Waivers

Schools sometimes offer tuition waivers to certain groups to cover some or all of the cost of tuition. Some schools offer them for employees and their family, underrepresented students, or military students. Even with a tuition waiver, other expenses and fees are the responsibility of the student

University of Mount Olive has some full or partial tuition waivers available for: International Students

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

University of Mount Olive Tuition & Fees

Tuition & Fees

$31,288

In State

$31,288

Out-of-State
Cost Breakdown
In State
Out-of-State
State Tuition
$21,618
$21,618
Fees
$500
$500
Housing
$9,170
$9,170
Books
Unknown
Unknown

University of Mount Olive Financial Aid

Students Who Receive Need-Based Aid

72%

Average Financial Aid Package

$14,044

© 2021 College Confidential / Concentrical LLC, Data provided by IPEDs and Peterson's Databases, © 2020 Peterson's LLC.

Quick Facts

Total Enrollment

3,371

Campus Setting

Small Town

Acceptance Rate

51%

Tuition and Fees

In State

$22,118

Out-of-State

$22,118

Fall Freshmen
Application Deadline

Continuous processing
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