In 2022, William Woods University's tuition was $26,500 a year.
Tuition increased 2.91% in 2022–from $25,750 the previous year. On average, college tuition goes up about 3% every year.
If these numbers seem daunting, remember, the total cost of tuition isn't necessarily what you will have to pay to attend a school. Many students owe far less than the total tuition after grants, scholarships, and tuition discounts are applied. And, student loans can make theactual cost of attending college feel more doable until after graduation.
William Woods University is a private, religious institution, which means it has the same tuition for students from Missouri as it does for students who live in other states.
Public colleges and universities receive funding from the state government. Public insitutions often offer a lower cost of attendance for those who qualify as Missouri residents.
Attending an insitution where you qualify for in-state tuition can drastically reduce the overall cost of college. Be sure to confirm your state's rules for as an in-state resident. 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. There may be additional requirements as well, depending on where you live.
Explore other Missouri colleges
The Woods has the same tuition for international students as for those from out of state.
International students usually do not qualify for for loans or grants from the U.S. government, but may qualify for private or school-specific aid and scholarships.
International students without financial need may be eligible for merit-based institutional scholarships and athletic awards.
In addition to 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 The Woods.
Housing and campus dining at The Woods is $10,450 a year. This number includes the cost of living in dorms or other on-campus housing, and a meal plan that allows you to eat in the school dining halls.
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 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.
The majority of colleges also have fees to offsets cost associated with maintaining facilties, like the computer labs and libraries, athletic facilities, and more.
There may 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 so that those with financial need to find ways to lower or eliminate these costs.
The total cost of transportation in college depends on a few key factors. 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 easy to get around on foot? Do you plan to bring a car or will you need to use public 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 your transportation budget. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the flip side, transportation in an urban area might be pricey, but cities may offer more trains, busses or affordable flights to actually get to school. William Woods Universityis located in a small town setting in Missouri, near St. Louis and Kansas City.
When budgeting for college, don’t forget to take into account the cost of things like going out to eat or see shows, furnishing your living space, and things like haircuts, clothes and, yes, even toilet paper and shampoo.
Now, let’s go over all of the costs we've covered, to get a better estimate of the actual cost of attending The Woods.
What will the cost of attending The Woods be? Here is a breakdown of tuition and expenses.
|2022 Total Tuition and Expenses|
|Room and Board||$10,450|
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 William Woods University undergrads use financial aid to finance their education. In 2022, 543 of the 882 undergrads enrolled received financial aid. The Woods meets 70% of the demonstrated financial need for undergraduates.
The average financial aid package for a full-time, first-year student is around $19,080 a year. Around 57% of The Woods undergrads take out student loans to cover any remaining costs. The Woods graduates who have student loans graduate with an average of $33,704 of student loan debt.
The average debt for each loan type varies.
|Average Debt By Loan Type|
|Most Common Loans for The Woods 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 The Woods 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, The Woods awarded 529 need-based scholarships to students, giving away total of $7.8 million to help students with financial need cover the cost of school. An additional $760000 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 The Woods 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 The Woods was $19,080 in 2022. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of The Woods seem more manageable.
|Estimated Net Cost for Full-Time Students|
What will attending The Woods 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 The Woods'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 reduce the total cost of attendance. Some colleges offer tuition waivers for employees and their family members, underrepresented students, or military students. Even if you qualify for a waiver, other expenses and fees are the responsibility of the student.
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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