In 2021, tuition for full-time students at Maranatha Baptist University was $17,560 a year.
Tuition increased 4.52% in 2022–from $16,800 the prior year. On average, college tuition rises about 3% year.
If this makes attending the college of your dreams sound impossible, remember, the advertized cost of tuition doesn't always give you all the info you need to know how much you will actually have to pay for college. Many students owe much less than the sticker price after grants, scholarships, and tuition discounts are applied. And, student loans can make theprice of collegemore manageable until you're done with college.
Maranatha Baptist University is a private, religious institution, which means 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, 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 tuition can cut the cost of college tuition. Be sure 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 the state you and your parents currently live in.
Explore other Wisconsin colleges
Maranatha has the same tuition for international students as for those from out of state.
Students from outside of the U.S. 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.. International students with need may qualify for the following types of financial support at Maranatha:
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 Maranatha.
Room and board at Maranatha costs $8,380 a year. This number includes the cost of living in dorms or other on-campus housing, and a dining plan that allows you to eat in the Maranatha's on-campus cafeterias and dining facilities.
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 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.
Keep in mind, there could also be other costs associated with participating in certain activities, like joining a fraternity or sorority, or playing on an intramural sports team. Many schools have ways so that those with demonstrated need to get help covering these fees.
The cost of getting around in college can really vary. Will you take a subway, car or an airplane to get to school? Is on-campus parking free, or will you need to budget for parking? Is the campus walkable? Do you plan to bring a car or are you planning to use public transportation? All of these factors can drastically impact your estimated cost of transportation. At Maranatha, freshman are allowed to park 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 transportation in a city is often costly, but there may be more trains, busses and affordable flights to actually get to school. Maranatha Baptist Universityis in a small town setting in Wisconsin, near Milwaukee.
When estimating your budget for college, don’t forget to leave some room in your budget for personal expenses, like entertainment, clothes, furnishings and toiletries.
Now, let’s do a rundown of all of the costs associated with college, to get a better estimate of what is really costs to go to Maranatha.
What will the cost of attending Maranatha be? Here is a breakdown of tuition and expenses.
|2022 Total Tuition and Expenses|
|Room and Board||$8,380|
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 Maranatha Baptist University undergrads use financial aid to help pay for school. In 2022, 514 of the 748 undergrads enrolled received financial aid. Maranatha meets 54% of the demonstrated financial need for undergraduates.
The average financial aid package for a full-time, first-year student is around $10,523 a year.
|Most Common Loans for Maranatha 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 Maranatha 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, Maranatha awarded 471 need-based scholarships to students, giving away total of $2.8 million to help students with financial need cover the cost of school. An additional $210000 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 Maranatha 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 Maranatha was $10,523 in 2022. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Maranatha seem more manageable.
|Estimated Net Cost for Full-Time Students|
What will attending Maranatha 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 Maranatha'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 make attending more affordable. 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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