Maharishi University of Management (MUM) Tuition 2021| The College Monk

$16,000

Tuition

$28,730

Cost of Attendance

$16,690

Net Price

Maharishi University of Management (MUM) Tuition and Fees

Maharishi University of Management is known for offering a wide range of undergraduate, postgraduate, and doctoral programs in a variety of streams, providing excellent training to students. Compared to the tuition fees charged at most institutions, the expense of education at MUM is quite low. The average annual cost for students opting to pursue undergraduate programs at the university is estimated to be around $16,530, based on 2020 - 2021 official information. This amount includes the total tuition fees as well as other expenses. The housing costs $7,400, books and supplies cost $1,000, while the other expenses add up to $3,800.

Total Cost of Attendance

Student type	In-state	Out-State
Tuition & Fees	$16,530	$16,530
Book & Supplies	$1,000	$1,000
Room & Board cost	$7,400	$7,400
Other Expenses	$3,800	$3,800
Total Cost of Attendance	$28,730	$28,730

As for the cost of attending the university, students should understand that the tuition forms only a portion of the expenses that are involved in the overall cost of attendance. They will be required to plan for various other expenses associated with the cost of attendance, including lodging, dining, textbooks, supplies, and the cost of living, among other things. For students attending the university, the total tuition and fees for one year add up to about $16,530. Apart from that, they should also pay an average amount of $1,000 toward books and supplies, $7,400 for room and boarding charges, and $3,800 toward other expenses in a year. So, the overall cost of attending MUM comes out to be about $28,730 per year, according to the most recent information available.

Average Net Price by Family Income

Net Price

$16,690

Family Income

Avg. Net Price

$0 to $30,000

$14,747

$30,001 to $48,000

$48,001 to $75,000

$16,790

$75,001 to $110,000

$15,850

$110,000+

The net cost of attending Maharishi University of Management – the actual amount that students and their families are required to pay in a given year – varies depending on the candidate's annual family income. Usually, the individuals who have a higher family income will be required to pay a higher net amount, too. While the actual net cost is subject to one’s family income bracket, the average net price is estimated to be $13,341 at MUM. Candidates whose annual family income is less than $30,000 will have to pay a net amount of $12,278. On the other hand, an estimated net cost of $12,835 is charged for the $48,001-$75,000 income bracket, $12,835 for the $75,001-$110,000 income category, and $12,610 for an annual family income more than $110,000.

Student Loans

Example Loans

$65,044

Stafford Loan Interest

4.5%

Time to Pay off Student Loan

10 years

Example monthly payment

$675

Total interest paid

$15,958

Sum of Loan Payments

$81,002

To have a realistic understanding of how much it will cost to study at Maharishi University of Management (MUM) here is an example one can consider to estimate the payment amounts one will incur with a student loan. Take a loan of $65,044 for example. This will result in a $8,100 payment to be made each year. We can assume that the interest rate is 4.5% post any refinancing or consolidation activities with a 10 years repayment plan. Then the total payment made towards the loan is $81,002 which is $15,958 in addition to the principal amount, which constitutes the interest payment made throughout the life of the loan.

Undergraduate Tuition and Fees

Student type	In-state	Out-State
Tuition & Fees	$16,530	$16,530
Room & Board Cost	$7,400	$7,400
Total Tuition & Fees	$23,930	$23,930

At Maharishi University of Management, the tuition and fees for students who are pursuing undergraduate courses are estimated to be around $16,530 in a year. They would also be required to pay around $7,400 for their room and boarding expenses. In this way, for one year, the total cost for undergraduate students comes to around $28,730.

Graduate Tuition and Fees

	In-state	Out-State
Tuition	$28,000	$28,000
Fees	$530	$530

Now, coming to the tuition and fees charged for students seeking to pursue postgraduate courses at MUM, the amount totals around $28,530. This includes $28,000 for the graduate tuition as well as an amount of $530 for the graduation fees.

Cost Per Credit Hour

Degree	Year	Cost per Credit hour
Graduate	2018 - 2019	$500
Undergraduate	2018 - 2019	$500

The graduate and undergraduate courses have a varying cost per credit hour – which is the total program cost divided by the total number of credit hours of the program – that the student has to pay to attend MUM. The cost per credit hour for graduate degrees sits at $475, while that of undergraduate degrees is $127, as per the 2019-2020 fee structure.

Campus Housing Expenses

Housing & other expenses	On Campus	Off Campus
Room & Board	$7,400	$7,400
Other Expense	$3,800	$3,800
Book & Supplies	$1,000	$1,000

Now, coming to the lodging and related expenses at MUM, the actual amount to be paid remains the same irrespective of whether the candidate opts to live on-campus or off-campus. The housing facilities will cost students around $11,200 per year. On the other hand, the room and board charges that the students have to pay total around $7,400 per year. Coming to the books and supplies charges, the students will be required to pay an amount of $1,000. Apart from these, the other expenses that a candidate needs to plan for add up to around $3,800.

Campus Housing Expenses

Housing & Other Expenses

Room & Boards

On Campus

$7,400

Off Campus

$7,400

Housing & Other Expenses

Other Expenses

On Campus

$3,800

Off Campus

$3,800

Housing & Other Expenses

Book & Supplies

On Campus

$1,000

Off Campus

$1,000

Online Degree Programs, Tuition and Cost Per Credit Summary

Degree Type	Total Average Tuition	Average Tuition Per Credit
Masters	$56,000	NA
Bachelors	$64,000	NA

Maharishi University of Management (MUM) offers 5 online programs across 3 Majors.

Projected Price for a 4 year degree

A four-year undergraduate course as well as living expenses at MUM are projected to cost around $140,265 as per official data. For undergraduate students, the total expenses added up to $13,341 in 2018-2019, $16,690 in 2017-2018, and $18,147 in 2016-2017.