$39,390

Tuition

$60,055

Cost of Attendance

$33,981

Net Price

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Merrimack College Tuition and Fees

Merrimack College 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 MC is quite high compared to the expense of education at most institutions. The average annual cost for students opting to pursue undergraduate programs at the college is estimated to be around $43,340, based on 2020 - 2021 official information. This amount includes the total tuition fees as well as other expenses. The housing facilities, books and supplies, and other expenses cost $16,320, $1,000, and $1,450, respectively.

Total Cost of Attendance

Student typeIn-stateOut-State
Tuition & Fees$41,760$41,760
Book & Supplies$1,000$1,000
Room & Board cost$15,845$15,845
Other Expenses$1,450$1,450
Total Cost of Attendance$60,055$60,055

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. 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 $43,340. Apart from that, they should also pay an average amount of $1,000 toward books and supplies, $16,320 for room and boarding charges, and $1,450 toward other expenses in a year. Therefore, the estimated cost of attendance for one year at MC is around $62,110, as per the available information.

Average Net Price by Family Income

Net Price

$33,981

Family Income

Avg. Net Price

$0 to $30,000

$26,767

$30,001 to $48,000

$29,289

$48,001 to $75,000

$29,924

$75,001 to $110,000

$33,096

$110,000+

$36,486

As for the net cost for attending MC, the actual amount depends on the annual family income of the candidate. The net price is nothing but the actual amount that a student is required to pay in a year. The net cost to be borne is typically higher for candidates whose family income is comparatively higher. Simply put, the family income of the candidate is a key factor in determining the net amount. At MC, the average net price is estimated to be $34,378. For students with a family income below $30,000, the estimated net price is $27,589, while for the individuals who fall in the $30,001-$48,000 income bracket, the net cost is $29,056. Meanwhile, the net price stands at $30,433 for the $48,001-$75,000 income bracket and at $32,330 for an income between $75,001 and $110,000. This amount adds up to $36,247 for students whose annual family income is more than $110,000.

Student Loans

Example Loans

$104,012

Stafford Loan Interest

4.5%

Time to Pay off Student Loan

10 years

Example monthly payment

$1,079

Total interest paid

$25,518

Sum of Loan Payments

$129,530

To have a realistic understanding of how much it will cost to study at Merrimack College here is an example one can consider to estimate the payment amounts one will incur with a student loan. Take a loan of $104,012 for example. This will result in a $12,953 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 $129,530 which is $25,518 in addition to the principal amount, which constitutes the interest payment made throughout the life of the loan.

Undergraduate Tuition and Fees

Student typeIn-stateOut-State
Tuition & Fees$41,760$41,760
Room & Board Cost$15,845$15,845
Total Tuition & Fees$57,605$57,605

At Merrimack College, the tuition and fees for students who are pursuing undergraduate courses are estimated to be around $43,340 in a year. Alongside that, they will likewise need to shell out around $16,320 toward their room and boarding charges. In this way, for one year, the total cost for undergraduate students comes to around $62,110.

Graduate Tuition and Fees

In-stateOut-State
Tuition$28,320$28,320
Fees$780$780

Moving on to the tuition and fees charged for students who wish to join postgraduate programs offered at MC, the amount stands at $30,160 per year. This sum includes their graduate tuition of $29,280 and the graduation fees of $880 as well.

Cost Per Credit Hour

DegreeYearCost per Credit hour
Graduate2018 - 2019$885
Undergraduate2018 - 2019$1,360

The total program cost divided by the total number of credit hours of the program – also called cost per credit hour – that the student has to pay to attend Merrimack College varies for graduate and undergraduate courses. As per the 2019-2020 fee structure, the cost per credit hour for graduate courses is $502 and for undergraduate courses, it stands at $333. Also, Merrimack College currently offers a number of online courses to students across 78 different majors.

Campus Housing Expenses

Housing & other expensesOn CampusOff Campus
Room & Board$15,845$15,845
Other Expense$1,450$1,450
Book & Supplies$1,000$1,000

Now, coming to the lodging and related expenses at MC, 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 $17,770 per year. Moreover, the candidates will have to pay about $16,320 a year toward room and boarding charges. On the other hand, the charges toward books and supplies come to around $1,000. Furthermore, the other expenses that the students should plan for come to around $1,450.

Campus Housing Expenses

Housing & Other Expenses

Room & Boards

On Campus

$15,845

Off Campus

$15,845

Housing & Other Expenses

Other Expenses

On Campus

$1,450

Off Campus

$1,450

Housing & Other Expenses

Book & Supplies

On Campus

$1,000

Off Campus

$1,000

Now, coming to the lodging and related expenses at MC, 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 $17,770 per year. Moreover, the candidates will have to pay about $16,320 a year toward room and boarding charges. On the other hand, the charges toward books and supplies come to around $1,000. Furthermore, the other expenses that the students should plan for come to around $1,450.

Online Degree Programs, Tuition and Cost Per Credit Summary

Degree TypeTotal Average TuitionAverage Tuition Per Credit
Masters NA NA
Certificate $9,500 $475
Certificate $9,500 $475

Merrimack College offers 10 online programs across 3 Majors.

Projected Price for a 4 year degree

A four-year undergraduate course as well as living expenses at MC are projected to cost around $312,959 as per official data. For undergraduate students, the total expenses added up to $34,378 in 2018-2019, $33,981 in 2017-2018, and $33,202 in 2016-2017.

Explore Programs by Major

EducationComputer ScienceBusiness Management

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