In 2021, tuition for full-time students at Freed Hardeman University was $24,300 a year.
Tuition increased 4.29% in 2023–from $23,300 the prior year. On average, college tuition rises about 3% year.
Remember, the advertized cost of tuition does not give you enough information to determine the actual cost of attending any given college. Many students find the actual cost of college is way less than the total tuition after grants, scholarships, and tuition discounts are awarded. And, student loans can make the amount you do have to pay for college more manageable until after graduation.
Freed-Hardeman University meets 71% of the demonstrated financial need for undergraduates. The average financial aid package for a full-time, first-year student at Freed-Hardeman University is around $20,952 a year.
The average student debt for graduates in the class of 2023 was around $29,103 per student, not including those with no debt.
Freed-Hardeman University is a private, religious institution, which means it has the same tuition for residents of Tennessee 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 students who are residents of that state.
Choosing an insitution where you are eligible for the reduced tuition offered to state residentscan save significant money on the cost of tuition, as well as loans and interest owed. Don't forget to check 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.
Freed-Hardeman University has the same tuition for international students as for those from out of state.
International students are not eligible for loans or grants from the U.S. government, but should research private or school-specific grants, scholarships, and other funding opportunities.
Tuition is not the only cost of attending college; 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 Freed-Hardeman University.
Housing and campus dining at Freed-Hardeman University is $7,950 a year. This covers the cost of living in dorms or other on-campus housing, plus a dining plan that enables you to eat all or some of your meals the Freed-Hardeman University's on-campus cafeterias and dining facilities. 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 $3,000.
Meal-plan costs can depend on the number 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 charge some yearly 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 certain activities, like joining a fraternity or sorority, or participating in sports or other extracurriculars. Many schools have ways so that those who may struggle to participate because of cost can get help covering these fees.
The total cost of transportation 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 small enough that you can easily walk from class-to-class?? Do you plan to bring a car or are you planning to use public transportation? All of these factors can make a big difference in your estimated cost of transportation. At Freed-Hardeman University, freshman are allowed to park on campus.
Where are a college is located 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 flip side, getting around in a city is often expensive, but cities may offer more trains, busses or low-cost flight options to actually get to school. Freed-Hardeman Universityis located in a town in Tennessee, not far from Memphis.
When budgeting for college, be sure to factor in personal expenses, 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 the actual cost of attending Freed-Hardeman University.
What will the cost of attending Freed-Hardeman University be? Here is a breakdown of tuition and expenses.
|2023 Total Tuition and Expenses
|Room and Board
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 Freed-Hardeman University undergrads use financial aid to help pay for school. In 2023, 954 of the 1,797 undergrads enrolled received financial aid. Freed-Hardeman University meets 71% of the demonstrated financial need for undergraduates.
The average financial aid package for a full-time, first-year student is around $20,952 a year. Around 71% of Freed-Hardeman University undergrads take out student loans to cover any remaining costs. Freed-Hardeman University graduates who have student loans graduate with an average of $29,103 of student loan debt.
The average debt for each loan type varies.
|Average Debt By Loan Type
|Most Common Loans for Freed-Hardeman 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 Freed-Hardeman 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 2023, Freed-Hardeman University awarded 938 need-based scholarships to students, giving away total of $12.8 million to help students with financial need cover the cost of school. An additional $5.02 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 Freed-Hardeman 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 Freed-Hardeman University was $20,952 in 2023. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Freed-Hardeman University seem more manageable.
|Estimated Net Cost for Full-Time Students
What will attending Freed-Hardeman 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 make more informed decisions about the actual cost of attending that school, based on their financial situation. You can find the Freed-Hardeman 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 offer tuition waivers to 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, other expenses and fees are the responsibility of the student.
Check the financial aid website for more information on payment plans and tuition waivers.
An endowment is the total value of a school's investments, donations, and assets. Endowment is not necessarily an indicator of the quality of a school, but it can give you a sense of how much money a college can afford to invest in expanding programs, improving facilities, and supporting students.
For more information about Freed-Hardeman University's endowment, check with the school directly.
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