OVERVIEWPROGRAMS AND TUITIONADMISSIONS FINANCIAL AID

Martin University Tuition and Fees

Located in Indianapolis, IN, Martin University is a private university. Martin University was founded in the year 1977. Out of total 346 students enrolled at MU, 263 belong to undergraduate courses while 83 are postgraduate students. To teach various courses to the students, the school has employed a total of 15 faculty. Martin University is home to an ethnically diverse student body. At MU around 93% are Black or African American, 3% are white, and 3% belong to an unknown race or ethnicity.

$12,840

Tuition

N/A

Cost of Attendance

$14,095

Net Price

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Martin University Tuition and Fees

Martin University is a prominent educational institution known for offering a range of undergraduate and postgraduate programs in a wide assortment of streams, providing quality training to students. The tuition fees charged at MU is quite low compared to the expense of education at most institutions. The 2020 - 2021 official data shows that the estimated average cost for students pursuing undergraduate courses at Martin University comes to around $13,200, which includes tuition and other expenses as well. While books and supplies cost $780, the charges for other expenses stand at $2,384.

Total Cost of Attendance

Student type	In-state	Out-State
Tuition & Fees	$13,200	$13,200
Book & Supplies	$780	$780
Room & Board cost	NA	NA
Other Expenses	NA	NA
Total Cost of Attendance	NA	NA

Students should understand that the tuition fees charged for their degree programs is not the only expense that is involved in the cost of attending the university. There are several other expenses that are involved in the cost of attending the university, which primarily includes housing, dining, textbooks, supplies, and the cost of living. The total tuition and fees for students attending Martin University come out to be around $13,200 per year. Other than that, they will need to shell out an amount of $780 for books and supplies, $7,810 for room and boarding charges, and $2,384 toward other expenses on average in a year. Therefore, the estimated cost of attendance for one year at MU is around $24,174, as per the available information.

Average Net Price by Family Income

Net Price

$14,095

Family Income

Avg. Net Price

$0 to $30,000

$13,688

$30,001 to $48,000

$48,001 to $75,000

$19,782

$75,001 to $110,000

$110,000+

The net cost of attending Martin University – 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 $14,998 at MU. The net price for students with an annual family income below $30,000 is reported to be around $15,123. For the individuals who come under the $30,001-$48,000 income category, the net cost is $14,127.

Student Loans

Example Loans

$65,876

Stafford Loan Interest

4.5%

Time to Pay off Student Loan

10 years

Example monthly payment

$684

Total interest paid

$16,162

Sum of Loan Payments

$82,038

To have a realistic understanding of how much it will cost to study at Martin University here is an example one can consider to estimate the payment amounts one will incur with a student loan. Take a loan of $65,876 for example. This will result in a $8,204 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 $82,038 which is $16,162 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	$13,200	$13,200
Room & Board Cost	N/A	N/A
Total Tuition & Fees	N/A	N/A

At Martin University, the tuition and fees for students who are pursuing undergraduate courses are estimated to be around $13,200 in a year. They would also be required to pay around $7,810 for their room and boarding expenses. In this way, for one year, the total cost for undergraduate students comes to around $24,174.

Graduate Tuition and Fees

	In-state	Out-State
Tuition	$11,700	$11,700
Fees	$360	$360

Now, coming to the tuition and fees charged for students seeking to pursue postgraduate courses at MU, the amount totals around $12,060. Of this amount, $11,700 accounts for the graduate tuition and the remaining $360 for the graduation fees.

Cost Per Credit Hour

Degree	Year	Cost per Credit hour
Graduate	2018 - 2019	$650
Undergraduate	2018 - 2019	$535

The cost per credit hour – the total program cost divided by the total number of credit hours of the program – that the student has to pay to attend Martin University varies between graduate and undergraduate degrees. As per the 2019-2020 fee structure, the cost per credit hour for graduate courses is $201 and for undergraduate courses, it stands at $101. Martin University also offers a wide range of online programs across 17 different majors for students at present.

Campus Housing Expenses

Housing & other expenses	On Campus	Off Campus
Room & Board	N/A	$7,810
Other Expense	N/A	$2,384
Book & Supplies	$780	$780

As far as the housing and related charges are concerned, the off-campus housing facilities will cost students $10,194 per year. However, it should be noted that on-campus lodging facilities are not available at the university. Moreover, off-campus candidates will have to pay an amount of $7,810 toward room and boarding charges. In addition to that, the candidates will have to pay an amount of about $780 for books and supplies. Apart from these, the other expenses that students should plan for add up to $2,384 for students who live off-campus.

Campus Housing Expenses

Housing & Other Expenses

Room & Boards

On Campus

N/A

Off Campus

$7,810

Housing & Other Expenses

Other Expenses

On Campus

N/A

Off Campus

$2,384

Housing & Other Expenses

Book & Supplies

On Campus

$780

Off Campus

$780

Projected Price for a 4 year degree

The current projected cost of attending a four-year graduate course, along with the living expenses, at Martin University is around $120,870 as per official data. To note, the total expenses for undergraduate students stood at $14,998 for 2018-2019, $14,095 for 2017-2018, and $16,433 for 2016-2017.

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