Cost of Attendance
McPherson College offers undergraduate and postgraduate programs across different fields, providing quality education to students. The expense of education here is very moderate, compared to the tuition fees charged by different colleges. The 2020 - 2021 official data shows that the estimated average cost for students pursuing undergraduate courses at McPherson College comes to around $30,077, which includes tuition and other expenses as well. While housing costs $9,063, the charges for books and supplies and other expenses stand at $1,420 and $5,657, respectively.
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 $30,077. In addition, the students will be needed to pay an average expense of $1,420 for books and supplies, $8,796 toward room and boarding, and $5,657 for different other expenses in a year. Therefore, the estimated cost of attendance for one year at MC is around $45,950, as per the available information.
Avg. Net Price
$0 to $30,000
$30,001 to $48,000
$48,001 to $75,000
$75,001 to $110,000
The net price of attending McPherson College is nothing but the actual amount that the students are required to pay in a year. It depends upon the annual family income of the applicant. Generally, the higher the family income of the candidate, the higher is the net amount to be paid. While the actual net cost is subject to one’s family income bracket, the average net price is estimated to be $24,672 at MC. Candidates whose annual family income is less than $30,000 will have to pay a net amount of $23,358. For the individuals whose income is somewhere between $30,001 and $48,000, the amount comes to $18,674. Meanwhile, the net price stands at $22,187 for the $48,001-$75,000 income bracket and at $25,863 for an income between $75,001 and $110,000. This amount adds up to $26,711 for students whose annual family income is more than $110,000.
Stafford Loan Interest
Time to Pay off Student Loan
Example monthly payment
Total interest paid
Sum of Loan Payments
To have a realistic understanding of how much it will cost to study at McPherson College
here is an example one can consider to estimate the payment amounts one will incur with a student loan.
Take a loan of $73,848
for example. This will result in a
payment to be made each year.
We can assume that the interest rate is
post any refinancing or consolidation activities with a
Then the total payment made towards the loan is
in addition to the principal amount, which constitutes the interest
payment made throughout the life of the loan.
At McPherson College, the tuition and fees for students who are pursuing undergraduate courses are estimated to be around $30,077 in a year. They would also be required to pay around $8,796 for their room and boarding expenses. Accordingly, the overall cost for undergraduate students at the college totals about $45,950 per year, based on the available data.
Moving on to the tuition and fees charged for students who wish to join postgraduate programs offered at MC, the amount stands at $4,200 per year. It is interesting to note that McPherson College does not charge any graduation fees from students.
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 McPherson College varies between graduate and undergraduate degrees. As per the 2019-2020 fee structure, the cost per credit hour for graduate courses is $70 and for undergraduate courses, it stands at $231.
Now, coming to the lodging and related expenses at MC, the actual amount to be paid varies based on whether the candidate opts to live on-campus or off-campus. The on-campus logding facilities cost $12,501 per year, while students have to pay $16,406 a year for off-campus housing. For on-campus students at the university, the room and board charges total around $9,063 per year, while the amount charged for off-campus candidates stands at $8,530. On the other hand, the charges toward books and supplies come to around $1,420. Meanwhile, the other expenses that one needs to plan for add up to $3,438 for on-campus students and $7,876 for off-campus students.
Housing & Other Expenses
Room & Boards
Book & Supplies
The current projected cost of attending a four-year graduate course, along with the living expenses, at McPherson College is around $231,824 as per official data. To note, the total expenses for undergraduate students stood at $24,672 for 2018-2019, $22,094 for 2017-2018, and $21,954 for 2016-2017.
Overland Park, Kansas