In 2021, tuition for full-time students at Marion Military Institute was $6,000 a year for in-state students and $12,000 a year for out-of-state students.
On average, college tuition goes up about 3% every year.
Remember, the advertized cost of tuition doesn't mean much if you plan to use financial aid to help pay for college. Many students owe far less than the total tuition after grants, scholarships, and tuition discounts kick in. Additionally, student loans can make theprice of collegefeel more doable until after graduation.
Marion Military Institute is a public, state institution, so it offers a reduced tuition rate of $6,000 for in-state students who attend full-time.
Public schools receive funds from the state to help them cover costs. Public, state schools can offer lower tuition for students who meet the requirements for in-state residency.
Choosing an insitution where you are eligible for in-state tuition can drastically reduce the cost of tuition, as well as loans and interest owed. Take the time to verify your state's eligibility criteria for as an in-state resident. Every state has its own rules about what makes someone eligible for in-state tuition. In many states, students must have lived in the state for 12 months before starting school to qualify for in-state tuition. There may be additional requirements as well, depending on where you live.
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Tuition at Marion Military Institute is the same for each student.
Students from outside of the U.S. usually do not qualify for for loans or grants from the U.S. government, but may qualify for private or Marion Military Institute-specific grants, scholarships, and other funding opportunities..
Tuition is not the only cost of attending college; room and board, books, transportation and fees are also costs it consider when planning for college. Let's take a look at what impacts these costs, and what to expect at Marion Military Institute.
Housing and campus dining at Marion Military Institute is $4,950 a year. This covers the cost of living in dorms or other on-campus housing, and a dining plan that allows you to eat all or some of your meals the school dining halls.
Board 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 the materials required. To save money, many students choose to use books from the library or buy used textbooks and materials.
Most schools charge some yearly fees to help cover the cost of facilties, like the library, gym and computer labs.
There may be optional fees associated with participating in certain activities, like Greek Life, or playing on an intramural sports team. Most colleges offer resources so that those with financial need to find ways to lower or eliminate these fees.
The cost of getting around in college depends on a few key factors. 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 small enough that you can easily walk from class-to-class?? Do you own a car, or will you need to use busses, subways, or other modes of transportation? All of these factors can make a big difference in your estimated cost of transportation. At Marion Military Institute, freshman are allowed to park on campus.
The location of a college or university can also have a big effect on 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 a city is sometimes costly, but cities may offer more trains, busses or low-cost flight options to actually get to school. The Marion Military Institute campus is located in a rural setting in Alabama, not far from Birmingham.
When budgeting for college, don’t forget to leave some room in your budget for the cost of things like entertainment, clothes, furnishings and toiletries.
Now, let’s go over all of the costs we've covered, to get a better idea of how much students can expect to shell out for Marion Military Institute.
What will the cost of attending Marion Military Institute be? Here is a breakdown of tuition and expenses.
|2022 Total Tuition and Expenses|
|Room and Board||$4,950|
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.
In 2022, 97 of the 401 undergrads enrolled received financial aid.
|Most Common Loans for Marion Military Institute 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 Marion Military Institute 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, Marion Military Institute awarded 84 need-based scholarships to students, giving away total of $800000 thousand to help students with financial need cover the cost of school. An additional $1.5 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 Marion Military Institute 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.
By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Marion Military Institute seem more manageable.
What will attending Marion Military Institute 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 Marion Military Institute'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 colleges offer tuition waivers for employees and their family members, underrepresented students, or military students. Even with a tuition waiver, students are usually responsible for housing, meal plans, and other expenses.
Marion Military Institute has some full or partial tuition waivers available for: - Employees or Children of Employees
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