In 2022, tuition for full-time students at University of Mount Union was $34,000 a year.
In 2022, tuition increased 3.03%–from $33,000 the prior year. On average, college tuition rises about 3% year.
If these numbers seem daunting, 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 total tuition after grants, scholarships, and tuition discounts kick in. Additionally, student loans can make theprice of collegemore manageable until after graduation.
University of Mount Union is a private, religious institution, so it has the same tuition for students from Ohio 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 tuition can cut the cost of college tuition. 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. Most states require students to have resided in the state for a certain period of time before qualifying. There may be additional requirements as well, depending on where you live.
Tuition at University of Mount Union is the same for all students.
International students usually do not qualify for for loans or grants from the U.S. government, but may be eligible for private or school-specific aid and scholarships.
International students without financial need may be eligible for merit-based institutional scholarships.
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 University of Mount Union.
Room and board at University of Mount Union is $11,200 a year. This number includes the cost of living in dorms or other on-campus housing, and a meal plan that allows you to eat in the University of Mount Union's on-campus cafeterias and dining halls.
Board costs can depend 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 computer labs and libraries, athletic facilities, and more.
Keep in mind, there could also be optional fees associated with participating in special activities, like Greek Life, or playing on an intramural sports team. Many schools offer ways for students with demonstrated need to get help covering these costs.
The total cost of getting around in college depends on a few key factors. 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 will you need 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.
A school's location can also have a big effect on transportation costs. 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 may be costly, but cities may offer more trains, busses and low-cost flight options to actually get to school. The University of Mount Union campus is in a small town setting in Ohio, not far from Cleveland (70 miles) and Pittsburgh (80 miles).
When creating a budget for college, be sure to take into account the cost of things like movies, takeouts, furniture or appliances for your dorm or housing, and essentials like laundry detergent, toothpaste and toilet paper.
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 University of Mount Union.
What will the cost of attending University of Mount Union be? Here is a breakdown of tuition and expenses.
|2022 Total Tuition and Expenses|
|Room and Board||$11,200|
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 University of Mount Union undergrads use financial aid to finance their education. In 2022, 1,485 of the 1,891 undergrads enrolled received financial aid. University of Mount Union meets 79% of the demonstrated financial need for undergraduates.
The average financial aid package for a full-time, first-year student is around $25,233 a year. Around 77% of University of Mount Union undergrads take out student loans to cover any remaining costs. University of Mount Union graduates who have student loans graduate with an average of $36,970 of student loan debt.
The average debt for each loan type varies.
|Average Debt By Loan Type|
|University of Mount Union-Specific Loans||$5,245|
|Most Common Loans for University of Mount Union 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 University of Mount Union 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, University of Mount Union awarded 1,450 need-based scholarships to students, giving away total of $29.2 million to help students with financial need cover the cost of school. An additional $9.09 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 University of Mount Union 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 University of Mount Union was $25,233 in 2022. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of University of Mount Union seem more manageable.
|Estimated Net Cost for Full-Time Students|
What will attending University of Mount Union 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 University of Mount Union'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.
University of Mount Union 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 reduce the total cost of attendance. Some colleges 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.
University of Mount Union 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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Data Source: IPEDs and Peterson's Databases © 2022 Peterson's LLC All rights reserved
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