In 2021, Multnomah University's tuition was $28,160 a year.
In 2022, tuition increased 2.89%–from $27,370 the previous year. Usually, college tuition rises about 3% year.
If this information makes going to college seem daunting, remember, the advertized cost of tuition does not always mean much if you plan to use financial aid to help pay for college. Many students find the actual cost of college is a lot less than the sticker price after grants, scholarships, and tuition discounts are applied. Plus, student loans can make the amount you do have to pay for college feel more doable until you've finishing school and found a job.
Multnomah University is a private, religious institution, which means it has the same tuition for residents of Oregon 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.
Attending a school where you qualify for the reduced tuition offered to state residentscan save significant money on the overall cost of college. Take the time to verify 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. 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 too, depending on where you live.
Tuition at MBC is the same for all students.
International students are not eligible for loans or grants from the U.S. government, but should research private or MBC-specific aid and scholarships. International students with need may be eligible for the following types of financial support at MBC:
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 MBC.
Room and board at MBC costs $9,920 a year. This number covers 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 halls.
Board costs vary based on on how many meals are included in the plan you choose.
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.
The majority of colleges charge some yearly fees to offsets cost associated with maintaining facilties, like the library, gym and computer labs.
There may be optional fees associated with participating in special activities, like Greek Life, or playing on an intramural sports team. Most colleges have ways so that those with demonstrated need to find ways to lower or eliminate these costs.
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 small enough that you can easily walk from class-to-class?? Do you plan to bring a car or are you planning to use busses, subways, or other modes of transportation? All of these factors can drastically impact your transportation budget. Keeping in mind, first-year students are allowed to park a car 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, getting around in a city may be expensive, but there may be more trains, busses or low-cost flight options to actually get to school. Multnomah Universityis in a urban setting in Oregon, near Portland.
When you're planning for college, be sure to leave some room in your budget for personal expenses, like entertainment, clothes, furnishings and toiletries.
Now, let’s look at the breakdown of all expenses, to get a better estimate of how much students can expect to shell out for MBC.
What will the cost of attending MBC be? Here is a breakdown of tuition and expenses.
|2022 Total Tuition and Expenses|
|Room and Board||$9,920|
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.
MBC’s tuition and fees change based on: •Campus location for full-time and part-time students •Academic program for both full and part-time students •Course load for both full and part-time students
The majority of MBC undergrads use financial aid to to cover the cost of tuition. In 2022, 441 of the 336 undergrads enrolled received financial aid. MBC meets 50% of the demonstrated financial need for undergraduates.
The average financial aid package for a full-time, first-year student is around $9,693 a year. Around 98% of MBC undergrads take out student loans to cover any remaining costs. MBC graduates who have student loans graduate with an average of $21,020 of student loan debt.
The average debt for each loan type varies.
|Average Debt By Loan Type|
|Most Common Loans for MBC 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 MBC 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, MBC awarded 388 need-based scholarships to students, giving away total of $2.4 million to help students with financial need cover the cost of school. An additional $390000 thousand 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 MBC 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 MBC was $9,693 in 2022. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of MBC seem more manageable.
|Estimated Net Cost for Full-Time Students|
What will attending MBC 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 MBC'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.
MBC offers an Installment Payment Plan, which allows students to pay tuition in a series of smaller chunks instead of one lump sum.
Schools sometimes offer tuition waivers to certain groups, to make attending more affordable. Some schools offer tuition waivers for faculty, staff, and their families , underrepresented students, or military students. Even with a tuition waiver, students are usually responsible for housing, meal plans, and other expenses.
MBC 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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