In 2022, tuition for full-time students at Shaw University was $11,808 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 seem daunting, remember, the displayed price of tuition doesn't always tell the full story. Many students pay much less than the total tuition after grants, scholarships, and tuition discounts are applied. Plus, student loans can make thecost of college feel more doable until after graduation.
Shaw University is a private, religious institution, which means 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 are eligible for in-state tuition can save students a lot of money on the cost of tuition, as well as loans and interest owed. Don't forget to confirm your state's criteria for as an in-state resident. 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 as well, depending on the state you and your parents currently live in.
Explore other North Carolina colleges
Shaw University has the same tuition for international students as for those from out of state.
International students usually do not qualify for for federal financial aid, but may qualify for private or Shaw University-specific grants, scholarships, and other funding opportunities..
In addition to 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 Shaw University.
Room and board at Shaw University is $8,514 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 all or some of your meals the Shaw University's on-campus cafeterias and dining halls.
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 actual cost of books 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 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 optional fees associated with participating in certain activities, like joining a fraternity or sorority, or playing on an intramural sports team. Most colleges offer ways so that those who may struggle to participate because of cost can 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 not allowed to park a car on campus.
The location of a college or university can also have a big effect on the amount you'll have to spend just to get around. 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 an urban area is often expensive, but cities may offer more buses, trains or low-cost flight options to actually get to school. The Shaw University campus is in a urban setting in North Carolina.
When budgeting for college, don’t forget to leave some room in your budget for the cost of things 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 Shaw University.
What will the cost of attending Shaw University be? Here is a breakdown of tuition and expenses.
|2022 Total Tuition and Expenses|
|Room and Board||$8,514|
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 Shaw University undergrads use financial aid to to cover the cost of tuition. In 2022, 2,042 of the 1,152 undergrads enrolled received financial aid. Shaw University meets 63% of the demonstrated financial need for undergraduates.
The average financial aid package for a full-time, first-year student is around $8,846 a year. Around 96% of Shaw University undergrads take out student loans to cover any remaining costs. Shaw University graduates who have student loans graduate with an average of $15,982 of student loan debt.
|Most Common Loans for Shaw 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 Shaw 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, Shaw University awarded 1,986 need-based scholarships to students, giving away total of $12.2 million to help students with financial need cover the cost of school. An additional $490000 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 Shaw 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 Shaw University was $8,846 in 2022. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Shaw University seem more manageable.
|Estimated Net Cost for Full-Time Students|
What will attending Shaw 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 get a better idea of the actual cost of attending that school, based on their financial situation. You can find the Shaw 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 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.
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Data Source: IPEDs and Peterson's Databases © 2022 Peterson's LLC All rights reserved
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