$33,480

Tuition

$55,965

Cost of Attendance

$31,287

Net Price

Methodist University Tuition and Fees

Methodist University 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 MU is quite high. The 2020 - 2021 official data shows that the estimated average cost for students pursuing undergraduate courses at Methodist University comes to around $34,522, which includes tuition and other expenses as well. The housing facilities, books and supplies, and other expenses cost $12,828, $1,400, and $6,509, respectively.

Total Cost of Attendance

Student typeIn-stateOut-State
Tuition & Fees$33,852$33,852
Book & Supplies$1,400$1,400
Room & Board cost$12,576$12,576
Other Expenses$8,137$8,137
Total Cost of Attendance$55,965$55,965

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. The total tuition and fees for students attending Methodist University come out to be around $34,522 per year. Other than that, they will need to shell out an amount of $1,400 for books and supplies, $12,952 for room and boarding charges, and $6,509 toward other expenses on average in a year. So, the overall cost of attending MU comes out to be about $55,384 per year, according to the most recent information available.

Average Net Price by Family Income

Net Price

$31,287

Family Income

Avg. Net Price

$0 to $30,000

$30,151

$30,001 to $48,000

$29,344

$48,001 to $75,000

$30,280

$75,001 to $110,000

$32,557

$110,000+

$36,275

As for the net cost for attending MU, 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 $32,578 at MU. The net price for students with an annual family income below $30,000 is reported to be around $31,953. For the individuals who come under the $30,001-$48,000 income category, the net cost is $30,167. Meanwhile, the net price stands at $31,402 for the $48,001-$75,000 income bracket and at $33,149 for an income between $75,001 and $110,000. This amount adds up to $37,162 for students whose annual family income is more than $110,000.

Student Loans

Example Loans

$107,404

Stafford Loan Interest

4.5%

Time to Pay off Student Loan

10 years

Example monthly payment

$1,115

Total interest paid

$26,350

Sum of Loan Payments

$133,754

To have a realistic understanding of how much it will cost to study at Methodist University here is an example one can consider to estimate the payment amounts one will incur with a student loan. Take a loan of $107,404 for example. This will result in a $13,375 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 $133,754 which is $26,350 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$33,852$33,852
Room & Board Cost$12,576$12,576
Total Tuition & Fees$46,428$46,428

At Methodist University, the estimated tuition and fees for candidates who have enrolled in undergraduate programs are $34,522 per year. Alongside that, they will likewise need to shell out around $12,952 toward their room and boarding charges. In view of this information, the estimated total cost for undergraduate students at MU adds up to $55,384.

Graduate Tuition and Fees

In-stateOut-State
Tuition$36,984$36,984
Fees$2,855$2,855

Moving on to the tuition and fees charged for students who wish to join postgraduate programs offered at MU, the amount stands at $41,470 per year. This sum includes their graduate tuition of $38,370 and the graduation fees of $3,100 as well.

Cost Per Credit Hour

DegreeYearCost per Credit hour
Graduate2018 - 2019$428
Undergraduate2018 - 2019$1,079

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 Methodist University varies between graduate and undergraduate degrees. The 2019-2020 fee structure places the cost per credit hour for graduate courses at $691 and the undergraduate cost per credit hour at $265. At present, Methodist University also offers various online programs to students across as many as 61 different majors.

Campus Housing Expenses

Housing & other expensesOn CampusOff Campus
Room & Board$12,576$12,968
Other Expense$8,137$4,613
Book & Supplies$1,400$1,400

As far as the housing and related charges at MU are concerned, these expenses vary depending on whether the candidate chooses to live on-campus or off-campus. Students have to pay $20,986 per year for on-campus housing and $17,938 a year for off-campus lodging facilities. For on-campus students at the university, the room and board charges total around $12,828 per year, while the amount charged for off-campus candidates stands at $13,077. On the other hand, the charges toward books and supplies come to around $1,400. The other expenses that students should plan for come to around $8,158 for on-campus candidates and $4,861 for the candidates who live off-campus.

Campus Housing Expenses

Housing & Other Expenses

Room & Boards

On Campus

$12,576

Off Campus

$12,968

Housing & Other Expenses

Other Expenses

On Campus

$8,137

Off Campus

$4,613

Housing & Other Expenses

Book & Supplies

On Campus

$1,400

Off Campus

$1,400

As far as the housing and related charges at MU are concerned, these expenses vary depending on whether the candidate chooses to live on-campus or off-campus. Students have to pay $20,986 per year for on-campus housing and $17,938 a year for off-campus lodging facilities. For on-campus students at the university, the room and board charges total around $12,828 per year, while the amount charged for off-campus candidates stands at $13,077. On the other hand, the charges toward books and supplies come to around $1,400. The other expenses that students should plan for come to around $8,158 for on-campus candidates and $4,861 for the candidates who live off-campus.

Projected Price for a 4 year degree

A four-year undergraduate course as well as living expenses at MU are projected to cost around $278,388 as per official data. In contrast, the total expenses for undergraduate students amounted to $32,578 in 2018-2019, $31,287 in 2017-2018, and $30,580 in 2016-2017.

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