OVERVIEWPROGRAMS AND TUITIONADMISSIONS FINANCIAL AID

Methodist College Tuition and Fees

Located in Peoria, IL, Methodist College is a private university. Out of total 681 students enrolled at MC, 675 belong to undergraduate courses while 6 are postgraduate students. The school has an academic staff of 75 who teach various courses to the students. Around 90% of the students are females and 10% are males. Notably, Methodist College is also home to an ethnically diverse student population. At MC around 79% are white, 12% are Black or African American, and 3% are Asian. Moreover, ar

$19,200

Tuition

$42,100

Cost of Attendance

$30,592

Net Price

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Methodist College Tuition and Fees

Methodist College is known for offering a wide range of undergraduate and postgraduate 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 MC is quite high. The 2020 - 2021 official data shows that the estimated average cost for students pursuing undergraduate courses at Methodist College comes to around $17,560, which includes tuition and other expenses as well. While housing costs $12,800, the charges for books and supplies and other expenses stand at $2,300 and $8,250, respectively.

Total Cost of Attendance

Student type	In-state	Out-State
Tuition & Fees	$20,750	$20,750
Book & Supplies	$6,000	$6,000
Room & Board cost	$11,100	$11,100
Other Expenses	$4,250	$4,250
Total Cost of Attendance	$42,100	$42,100

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 must plan for several other expenses that accompany the cost of attendance such as lodging, dining, textbooks, supplies, and the cost of living, among others. For students attending the university, the total tuition and fees for one year add up to about $17,560. In addition, the students will be needed to pay an average expense of $2,300 for books and supplies, $13,375 toward room and boarding, and $8,250 for different other expenses in a year. Hence, based on this information, the overall cost of attending the college adds up to around $41,485 per year.

Average Net Price by Family Income

Net Price

$30,592

Family Income

Avg. Net Price

$0 to $30,000

$29,805

$30,001 to $48,000

$48,001 to $75,000

$75,001 to $110,000

$31,380

$110,000+

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. While the actual net cost is subject to one’s family income bracket, the average net price is estimated to be $32,493 at MC. The net price for students with an annual family income below $30,000 is reported to be around $34,186. For the individuals who come under the $30,001-$48,000 income category, the net cost is $37,283. Meanwhile, the net price stands at $33,800 for the $48,001-$75,000 income bracket and at $35,335 for an income between $75,001 and $110,000. This amount adds up to $37,283 for students whose annual family income is more than $110,000.

Student Loans

Example Loans

$78,484

Stafford Loan Interest

4.5%

Time to Pay off Student Loan

10 years

Example monthly payment

$814

Total interest paid

$19,255

Sum of Loan Payments

$97,739

To have a realistic understanding of how much it will cost to study at Methodist College here is an example one can consider to estimate the payment amounts one will incur with a student loan. Take a loan of $78,484 for example. This will result in a $9,774 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 $97,739 which is $19,255 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	$20,750	$20,750
Room & Board Cost	$11,100	$11,100
Total Tuition & Fees	$31,850	$31,850

For students pursuing undergraduate courses at Methodist College, the tuition and fees are estimated to be $17,560 per year. Moreover, the applicants must also pay an amount of $13,375 towards room and boarding charges. In this way, for one year, the total cost for undergraduate students comes to around $41,485.

Graduate Tuition and Fees

	In-state	Out-State
Tuition	$8,880	$8,880
Fees	$450	$450

Now, coming to the tuition and fees charged for students seeking to pursue postgraduate courses at MC, the amount totals around $16,590. Of this amount, $14,850 accounts for the graduate tuition and the remaining $1,740 for the graduation fees.

Cost Per Credit Hour

Degree	Year	Cost per Credit hour
Graduate	2018 - 2019	$740
Undergraduate	2018 - 2019	$640

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 Methodist College varies for graduate and undergraduate courses. The 2019-2020 fee structure places the cost per credit hour for graduate courses at $276 and the undergraduate cost per credit hour at $135. At present, Methodist College also offers various online programs to students across as many as 3 different majors.

Campus Housing Expenses

Housing & other expenses	On Campus	Off Campus
Room & Board	$11,100	$8,000
Other Expense	$4,250	$4,250
Book & Supplies	$6,000	$6,000

Moving on to the housing and related expenses at Methodist College, these charges depend upon whether the candidate decides to stay on-campus or off-campus. For on-campus housing, students have to pay $21,050 per year, whereas, the cost for off-campus lodging is $22,200 a year. Besides, on-campus candidates will have to pay about $12,800 toward room and boarding charges. On the other hand, off-campus students will be required to pay an amount of $13,950. Coming to the books and supplies charges, the students will be required to pay an amount of $2,300. Furthermore, the other expenses that the students should plan for come to around $8,250.

Campus Housing Expenses

Housing & Other Expenses

Room & Boards

On Campus

$11,100

Off Campus

$8,000

Housing & Other Expenses

Other Expenses

On Campus

$4,250

Off Campus

$4,250

Housing & Other Expenses

Book & Supplies

On Campus

$6,000

Off Campus

$6,000

Online Degree Programs, Tuition and Cost Per Credit Summary

Degree Type	Total Average Tuition	Average Tuition Per Credit
Bachelors	NA	$640

Methodist College offers 1 online programs across 1 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 $205,426 as per official data. In comparison, the total expenses for undergraduate students stood at $32,493 for 2018-2019, $30,592 for 2017-2018, and $24,390 for 2016-2017.

Explore Programs by Major

Nursing Programs

Tuition

Credits

Bachelors in Registered Nursing/Registered Nurse

Type: online

Cost per credit: $ 640

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