Milligan College Tuition 2021| The College Monk

$32,500

Tuition

$43,802

Cost of Attendance

$20,362

Net Price

Milligan College Tuition and Fees

Milligan University is a prominent educational institution known for offering a range of undergraduate, postgraduate, and doctoral programs in a wide assortment of streams, providing quality training to students. The tuition fees charged at MU is quite moderate 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 Milligan University comes to around $34,650, which includes tuition and other expenses as well. The housing costs $7,300, books and supplies cost $1,300, while the other expenses add up to $4,418.

Total Cost of Attendance

Student type	In-state	Out-State
Tuition & Fees	$33,700	$33,700
Book & Supplies	$1,300	$1,300
Room & Board cost	$7,100	$7,100
Other Expenses	$1,702	$1,702
Total Cost of Attendance	$43,802	$43,802

Coming to the cost of attendance, students need to understand that the tuition fee is just a single aspect of the expenses that come under the overall 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 $34,650. Other than that, they will need to shell out an amount of $1,300 for books and supplies, $6,624 for room and boarding charges, and $4,418 toward other expenses on average in a year. Hence, based on this information, the overall cost of attending the university adds up to around $46,992 per year.

Average Net Price by Family Income

Net Price

$20,362

Family Income

Avg. Net Price

$0 to $30,000

$14,060

$30,001 to $48,000

$19,605

$48,001 to $75,000

$22,080

$75,001 to $110,000

$20,712

$110,000+

$22,683

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. Usually, the individuals who have a higher family income will be required to pay a higher net amount, too. So, it all essentially depends on the family income bracket of the student. At MU, the average net price is estimated to be around $20,223. The net price for students with an annual family income below $30,000 is reported to be around $14,089. For the individuals who come under the $30,001-$48,000 income category, the net cost is $15,411. Meanwhile, the net price stands at $21,346 for the $48,001-$75,000 income bracket and at $23,366 for an income between $75,001 and $110,000. This amount adds up to $22,403 for students whose annual family income is more than $110,000.

Student Loans

Example Loans

$63,360

Stafford Loan Interest

4.5%

Time to Pay off Student Loan

10 years

Example monthly payment

$658

Total interest paid

$15,545

Sum of Loan Payments

$78,905

To have a realistic understanding of how much it will cost to study at Milligan College here is an example one can consider to estimate the payment amounts one will incur with a student loan. Take a loan of $63,360 for example. This will result in a $7,890 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 $78,905 which is $15,545 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	$33,700	$33,700
Room & Board Cost	$7,100	$7,100
Total Tuition & Fees	$40,800	$40,800

At Milligan University, the tuition and fees for students who are pursuing undergraduate courses are estimated to be around $34,650 in a year. Alongside that, they will likewise need to shell out around $6,624 toward their room and boarding charges. In view of this information, the estimated total cost for undergraduate students at MU adds up to $46,992.

Graduate Tuition and Fees

	In-state	Out-State
Tuition	$6,220	$6,220
Fees	$650	$650

Now, coming to the tuition and fees charged for students seeking to pursue postgraduate courses at MU, the amount totals around $8,675. This sum includes their graduate tuition of $8,025 and the graduation fees of $650 as well.

Cost Per Credit Hour

Degree	Year	Cost per Credit hour
Graduate	2018 - 2019	$572
Undergraduate	2018 - 2019	$905

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 Milligan University varies for graduate and undergraduate courses. The 2019-2020 fee structure places the cost per credit hour for graduate courses at $144 and the undergraduate cost per credit hour at $266. Also, Milligan University currently offers a number of online courses to students across 39 different majors.

Campus Housing Expenses

Housing & other expenses	On Campus	Off Campus
Room & Board	$7,100	$5,828
Other Expense	$1,702	$4,872
Book & Supplies	$1,300	$1,300

Moving on to the housing and related expenses at Milligan University, these charges depend upon whether the candidate decides to stay on-campus or off-campus. For on-campus housing, students have to pay $11,190 per year, whereas, the cost for off-campus lodging is $10,894 a year. Besides, on-campus candidates will have to pay about $7,300 toward room and boarding charges. On the other hand, off-campus students will be required to pay an amount of $5,948. Coming to the books and supplies charges, the students will be required to pay an amount of $1,300. Meanwhile, the other expenses that one needs to plan for add up to $3,890 for on-campus students and $4,946 for off-campus students.

Campus Housing Expenses

Housing & Other Expenses

Room & Boards

On Campus

$7,100

Off Campus

$5,828

Housing & Other Expenses

Other Expenses

On Campus

$1,702

Off Campus

$4,872

Housing & Other Expenses

Book & Supplies

On Campus

$1,300

Off Campus

$1,300

Online Degree Programs, Tuition and Cost Per Credit Summary

Degree Type	Total Average Tuition	Average Tuition Per Credit
Masters	NA	NA
Bachelors	$33,450	NA

Milligan College offers 2 online programs across 2 Majors.

Projected Price for a 4 year degree

The current projected cost of attending a four-year graduate course, along with the living expenses, at Milligan University is around $236,555 as per official data. For undergraduate students, the total expenses added up to $20,223 in 2018-2019, $20,362 in 2017-2018, and $20,546 in 2016-2017.