In 2022, Merrimack College's tuition was $45,815 a year.
Tuition increased 4.5% in 2022–from $43,842 the previous year. On average, college tuition rises about 3% year.
Remember, the displayed price of tuition does not give you all the info you need to know how much you will actually have to pay for college. Many students pay far less than the sticker price after grants, scholarships, and tuition discounts are applied. And, student loans can make theactual cost of attending college feel more doable until after graduation.
Merrimack College is a private, religious institution, which means it has the same tuition for students from Massachusetts as it does for residents from other states.
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.
Attending a college where you are eligible for the reduced tuition offered to state residentscan save significant money on the total cost of attending college. Don't forget to verify your state's criteria for in-state 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. There may be additional requirements as well, depending on the state you and your parents currently live in.
Explore other Massachusetts colleges
Tuition at Merrimack College is the same for all students.
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 Merrimack College-specific grants, scholarships, and other funding opportunities..
International students without financial need may be eligible for merit-based institutional scholarships and athletic awards.
In addition to the cost of 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 Merrimack College.
Housing and campus dining at Merrimack College is $18,295 a year. This includes 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 school dining facilities.
Meal-plan costs may vary depending on how many meals are included in the plan you choose.
First-year students are sometimes surprised by how much books and supplies cost–and not in a good way. The real 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 used textbooks and materials.
Most schools charge some yearly 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 additional fees associated with participating in special activities, like joining a fraternity or sorority, or playing on an intramural sports team. Many schools offer ways for students who may struggle to participate because of cost can get help covering these costs.
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 will you need to use busses, subways, or other modes of transportation? All of these questions can drastically impact your estimated cost of transportation. Keeping in mind, first-year students are allowed to park a car on campus.
Where are a college is located can impact transportation costs. 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 sometimes expensive, but there may be more buses, trains or affordable flights to actually get to school. Merrimack Collegeis in a suburban setting in Massachusetts, not far from Boston.
When estimating your budget for college, be sure 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 idea of the actual cost of attending Merrimack College.
What will the cost of attending Merrimack College be? Here is a breakdown of tuition and expenses.
2022 Total Tuition and Expenses | |
---|---|
Tuition | $45,815 |
Room and Board | $18,295 |
Other expenses | $450 |
The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.
Total Estimated Costs | |
---|---|
On-Campus | $67,941 |
Off-Campus | $49,196 |
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 Merrimack College undergrads use financial aid to finance their education. In 2022, 2,608 of the 4,121 undergrads enrolled received financial aid. Merrimack College meets 67.3% of the demonstrated financial need for undergraduates.
The average financial aid package for a full-time, first-year student is around $29,443 a year. Around 77% of Merrimack College undergrads take out student loans to cover any remaining costs. Merrimack College graduates who have student loans graduate with an average of $49,427 of student loan debt.
The average debt for each loan type varies.
Average Debt By Loan Type | |
---|---|
Federal Loans | $24,197 |
State Loans | $6,233 |
Private Loans | $54,344 |
Most Common Loans for Merrimack College Students | |
---|---|
Federal Loans | 75% |
State loans | 5% |
Private loans | 36% |
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 Merrimack College 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, Merrimack College awarded 2,602 need-based scholarships to students, giving away total of $58.8 million to help students with financial need cover the cost of school. An additional $23.48 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 Merrimack College 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 Merrimack College was $29,443 in 2022. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Merrimack College seem more manageable.
Estimated Net Cost for Full-Time Students | |
---|---|
On-Campus | $38,498 |
Off-Campus | $19,753 |
What will attending Merrimack College 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 Merrimack College'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.
Merrimack College offers an Installment Payment Plan, which allows students to pay tuition in a series of smaller chunks instead of one lump sum.
Schools sometimes waiver tuition for certain groups, to reduce the total cost of attendance. Some schools offer tuition waivers for employees and their family members, underrepresented students, or military students. Even if you qualify for a waiver, students are usually responsible for housing, meal plans, and other expenses.
Merrimack College has some full or partial tuition waivers available for: - Employees or Children of Employees
Check the financial aid website for more information on payment plans and tuition waivers.
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Tuition & Fees
$67,491
In State$67,491
Out-of-StateStudents Who Receive Need-Based Aid
Average Financial Aid Package
Data Source: IPEDs and Peterson's Databases © 2022 Peterson's LLC All rights reserved
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