In 2021, tuition for full-time Miles College students was $11,164 a year.
Tuition was the same price in 2022 compare to the year before. On average, college tuition goes up about 3% every year.
If this information makes going to college feel scary, remember, the total cost of tuition isn't the final cost for attending college. Many students find the actual cost of college is much less than the sticker price after grants, scholarships, and tuition discounts are awarded. Additionally, student loans can make theprice of collegefeel more doable until you've finishing school and found a job.
Miles College is a private, religious institution, so it has the same tuition for students from Alabama as it does for students who live in other states.
Public schools receive funds from the state to help them cover costs. These institutions offer a lower cost of attendance for those who qualify as Alabama residents.
Choosing a college where you qualify for in-state status can cut the cost of college tuition. Be sure 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 too, depending on the state you and your parents currently reside in.
Explore other Alabama colleges
Miles College has the same tuition for international students as for those from out of state.
Students from outside of the U.S. usually do not qualify for for federal financial aid, but may be eligible for private or Miles College-specific aid and scholarships.
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 Miles College.
Housing and campus dining at Miles College costs $7,348 a year. This includes the cost of living in dorms or other on-campus housing, and a dining plan that allows you to eat in the school dining facilities.
Board costs can depend on the numnber of meals you intend to eat on-campus
The cost of books often surprises first-year college students. The actual cost of books and supplies 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 help cover the cost of facilties, like the computer labs and libraries, athletic facilities, and more.
There may be additional fees associated with participating in certain activities, like joining a fraternity or sorority, or playing on an intramural sports team. Many schools have resources for students with financial need to find ways to lower or eliminate these fees.
The total cost of getting around in college depends on a few key factors. 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 walkable? Do you own a car, or will you need to use public transportation? All of these factors can drastically impact your estimated cost of transportation.
Where are a college is located 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 could be costly, but cities may offer more trains, busses and affordable flights to actually get to school. The Miles College campus is in a suburban setting in Alabama.
When you're planning for college, be sure to take into account the cost of things 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 how much students can expect to shell out for Miles College.
What will the cost of attending Miles College be? Here is a breakdown of tuition and expenses.
|2022 Total Tuition and Expenses|
|Room and Board||$7,348|
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 Miles College undergrads use financial aid to help pay for school. In 2022, 1,673 of the 1,440 undergrads enrolled received financial aid. Miles College meets 75% of the demonstrated financial need for undergraduates.
The average financial aid package for a full-time, first-year student is around $6,702 a year. Around 82% of Miles College undergrads take out student loans to cover any remaining costs. Miles College graduates who have student loans graduate with an average of $17,500 of student loan debt.
|Most Common Loans for Miles College 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 Miles 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, Miles College awarded 1,673 need-based scholarships to students, giving away total of $5.2 million to help students with financial need cover the cost of school. An additional $1.67 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 Miles 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 Miles College was $6,702 in 2022. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Miles College seem more manageable.
|Estimated Net Cost for Full-Time Students|
What will attending Miles 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 Miles 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.
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 if you qualify for a waiver, students are usually responsible for housing, meal plans, and other expenses.
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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