Millsaps College

In 2021, tuition for full-time students at Millsaps College was $40,940 a year.

In 2023, tuition increased 1.99%–from $40,140 the previous year. On average, college tuition goes up about 3% every year.

Remember, the "sticker price" of tuition does not tell the full story. Many students pay way less than the sticker price after grants, scholarships, and tuition discounts are awarded. Plus, student loans can make theprice of collegemore manageable until after graduation.

For information on Millsaps College's financial aid options for first-year students, check with the school directly.

In 2020, students graduated with an average of $32,361 in student loans for each student with debt.

In-state vs. Out-of-state Tuition at Millsaps College

Millsaps College is a private, religious institution, so it has the same tuition for residents of MS as it does for residents from 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 residency can cut the cost of college tuition. Don't forget to confirm your state's guidelines for how to qualify for in-state tuition. Every state has its own rules about what makes someone eligible for in-state tuition. The most common requirement is that students must have lived in the state for a full year before starting school. There may be other criteria too, depending on the state you and your parents currently live in.

Explore other MS colleges

Is Millsaps College's Tuition Different for International Students?

Tuition at Millsaps College is the same for every student.

International students are not eligible for loans or grants from the U.S. government, but may be eligible for private or Millsaps College-specific aid and scholarships. International students with need may qualify for the following types of financial support at Millsaps College:

•Millsaps College-specific scholarships

International students without financial need may be eligible for merit-based institutional scholarships.

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Millsaps College Living Expenses, Fees, and More

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In addition to the cost of tuition, room and board, books, transportation and fees are also costs it consider when estimating the cost of attendance for college. Let's take a look at what impacts these costs, and what to expect at Millsaps College.

House and Food Costs at Millsaps College

Room and board at Millsaps College costs $14,210 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 Millsaps College's on-campus cafeterias and dining facilities.

Meal-plan costs can depend on the number of meals you intend to eat on-campus

Cost of Books at Millsaps College

The cost of books often surprises first-year college students. The actual cost of books and supplies 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.

Annual Fees

The majority of colleges 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 optional fees associated with participating in certain activities, like joining a fraternity or sorority, or participating in sports or other extracurriculars. Most colleges have ways so that those with financial need to find ways to lower or eliminate these costs.

Planes, Trains, and Automobiles: Transportation costs at Millsaps College

The cost of transportation in college can really vary. Will you drive, fly, or take public transportation to school? Will you need to pay to park on-campus? Is the campus walkable? Do you own a car, or are you planning 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.

The location of a college or university 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 an urban area could be costly, but cities may offer more buses, trains and affordable flights to actually get to school. Millsaps Collegeis in a city in MS.

Other Costs

When estimating your budget for college, don’t forget to leave some room in your budget for the cost of things like entertainment, clothes, furnishings and toiletries.

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The Full Cost of Attending Millsaps College

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Now, let’s look at the breakdown of all expenses, to get a better estimate of the actual cost of attending Millsaps College.

How Much Does Millsaps College Cost?

What will the cost of attending Millsaps College be? Here is a breakdown of tuition and expenses.

2023 Total Tuition and Expenses
Tuition	$40,940
Room and Board	$14,210
Other expenses	$1,100

The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.

Total Estimated Costs
On-Campus	$59,775
Off-Campus	$44,465

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.

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Financial Aid at Millsaps College

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Around 65.27% of Millsaps College undergrads take out student loans to cover any remaining costs. Millsaps College graduates who have student loans graduate with an average of $32,361 of student loan debt.

The average debt for each loan type varies.

Average Debt By Loan Type
Federal Loans	$24,809
Private Loans	$38,667

Most Common Loans for Millsaps College Students
Federal Loans	64.58%
Private loans	13.19%

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 Millsaps College financial aid, keep reading, or visit their financial aid website.

Scholarships at Millsaps College

Some students may receive grants and scholarships to help pay for college. Unlike loans, scholarships and grants do not have to be paid back.

Millsaps College Net Cost

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 Millsaps 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.

By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Millsaps College seem more manageable.

What will attending Millsaps 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 Millsaps College's net cost calculator on their website.

Millsaps College Tuition Payment Plans

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.

Does Millsaps College Offer Tuition Waivers?

Schools sometimes offer tuition waivers to certain groups, to make attending more affordable. 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.

Millsaps College's Endowment

An endowment is the total value of a school's investments, donations, and assets. Endowment is not necessarily an indicator of the quality of a school, but it can give you a sense of how much money a college can afford to invest in expanding programs, improving facilities, and supporting students.

Millsaps College's endowment was valued at $100.8 million in 2023, compared to a national average of $905 million.

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Learn More About Millsaps College

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