In 2022, tuition for full-time students at Methodist University was $37,438 a year.
In 2022, tuition increased 3.25%–from $36,260 the previous year. On average, colleges raise tuition about 3% each year.
Remember, the displayed price of tuition doesn't always mean much if you plan to use financial aid to help pay for college. Many students pay far less than the sticker price after grants, scholarships, and tuition discounts kick in. Plus, student loans can make thecost of college feel more doable until you've finishing school and found a job.
Methodist University is a private, religious institution, so it has the same tuition for residents of North Carolina 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.
Choosing an insitution where you qualify for the reduced tuition offered to state residentscan save on the total cost of attending college. Don't forget to confirm your state's criteria 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 too, depending on the state you and your parents currently reside in.
Explore other North Carolina colleges
Tuition at Methodist University is the same for each student.
International students are not eligible for federal financial aid, but may be eligible for private or Methodist University-specific aid and scholarships. International students who demonstrate financial need may be eligible for the following types of financial support at Methodist University:
•On-campus jobs •Loans from outsideMethodist University
International students without financial need may be eligible for merit-based institutional scholarships.
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 Methodist University.
Housing and campus dining at Methodist University costs $12,828 a year. This number covers the cost of living in dorms or other on-campus housing, plus a meal plan that enables you to eat in the school dining halls.
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 real 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.
The majority of colleges also have fees to help cover the cost of facilties, like the library, gym and computer labs.
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 have resources for students 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 take a subway, car or an airplane to get to school? Will you need to pay to park on-campus? Is the campus walkable? Do you plan to bring a car or will you need to use public transportation? All of these questions can make a big difference in 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 your transportation budget. 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 an urban area is often expensive, but cities may offer more trains, busses and affordable flights to actually get to school. The Methodist University campus is located in a suburban setting in North Carolina, not far from Raleigh-Durham.
When budgeting for college, be sure to consider personal expenses, 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 look at the breakdown of all expenses, to get a better estimate of the actual cost of attending Methodist University.
What will the cost of attending Methodist University be? Here is a breakdown of tuition and expenses.
|2022 Total Tuition and Expenses|
|Room and Board||$12,828|
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 Methodist University undergrads use financial aid to finance their education. In 2022, 996 of the 1,520 undergrads enrolled received financial aid. Methodist University meets 70.5% of the demonstrated financial need for undergraduates.
The average financial aid package for a full-time, first-year student is around $28,912 a year. Around 53% of Methodist University undergrads take out student loans to cover any remaining costs. Methodist University graduates who have student loans graduate with an average of $34,716 of student loan debt.
The average debt for each loan type varies.
|Average Debt By Loan Type|
|Most Common Loans for Methodist 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 Methodist 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 2022, Methodist University awarded 992 need-based scholarships to students, giving away total of $21.6 million to help students with financial need cover the cost of school. An additional $8.37 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 Methodist 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 Methodist University was $28,912 in 2022. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Methodist University seem more manageable.
|Estimated Net Cost for Full-Time Students|
What will attending Methodist 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 understand the actual cost of attending that school, based on their financial situation. You can find the Methodist 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 waiver tuition for 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, other expenses and fees are the responsibility of the student.
Check the financial aid website for more information on payment plans and tuition waivers.
Click below to find out more about the admissions requirements and deadlines, student life, academics, majors and more.
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Tuition & Fees
Students Who Receive Need-Based Aid
Average Financial Aid Package
Data Source: IPEDs and Peterson's Databases © 2022 Peterson's LLC All rights reserved
Tuition and Fees
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