OVERVIEWPROGRAMS AND TUITIONADMISSIONS FINANCIAL AID

Shaw University Tuition and Fees

A private, Baptist university, Shaw University is situated in Raleigh, North Carolina. Interestingly, Shaw University has an ethnically diverse student population. At SU around 56% are Black or African American, 16% belong to two or more races, and 16% belong to an unknown race or ethnicity. And, at the university, around 85% of the students are 24 and under. When it comes to gender distribution at the varsity, around 60% of the students are females and 40% are males. The college has produced

$11,808

Tuition

$29,378

Cost of Attendance

$18,773

Net Price

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Shaw University Tuition and Fees

Shaw University 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 SU is quite moderate. The average annual cost for students opting to pursue undergraduate programs at the university is estimated to be around $16,480, based on 2020 - 2021 official information. This amount includes the total tuition fees as well as other expenses. The housing costs $8,514, books and supplies cost $1,300, while the other expenses add up to $3,915.

Total Cost of Attendance

Student type	In-state	Out-State
Tuition & Fees	$16,480	$16,480
Book & Supplies	$1,300	$1,300
Room & Board cost	$8,158	$8,158
Other Expenses	$3,440	$3,440
Total Cost of Attendance	$29,378	$29,378

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 $16,480. Apart from that, they should also pay an average amount of $1,300 toward books and supplies, $8,307 for room and boarding charges, and $3,915 toward other expenses in a year. So, the overall cost of attending SU comes out to be about $30,002 per year, according to the most recent information available.

Average Net Price by Family Income

Net Price

$18,773

Family Income

Avg. Net Price

$0 to $30,000

$17,533

$30,001 to $48,000

$18,503

$48,001 to $75,000

$19,526

$75,001 to $110,000

$23,896

$110,000+

$24,013

The net price of attending Shaw University 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. 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 $18,846 at SU. For students with a family income below $30,000, the estimated net price is $18,288, while for the individuals who fall in the $30,001-$48,000 income bracket, the net cost is $19,085. On the other hand, an estimated net cost of $20,315 is charged for the $48,001-$75,000 income bracket, $24,967 for the $75,001-$110,000 income category, and $25,296 for an annual family income more than $110,000.

Student Loans

Example Loans

$65,316

Stafford Loan Interest

4.5%

Time to Pay off Student Loan

10 years

Example monthly payment

$678

Total interest paid

$16,025

Sum of Loan Payments

$81,341

To have a realistic understanding of how much it will cost to study at Shaw University here is an example one can consider to estimate the payment amounts one will incur with a student loan. Take a loan of $65,316 for example. This will result in a $8,134 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 $81,341 which is $16,025 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	$16,480	$16,480
Room & Board Cost	$8,158	$8,158
Total Tuition & Fees	$24,638	$24,638

For students pursuing undergraduate courses at Shaw University, the tuition and fees are estimated to be $16,480 per year. They would also be required to pay around $8,307 for their room and boarding expenses. Accordingly, the overall cost for undergraduate students at the university totals about $30,002 per year, based on the available data.

Graduate Tuition and Fees

	In-state	Out-State
Tuition	$10,404	$10,404
Fees	$2,784	$2,784

Now, coming to the tuition and fees charged for students seeking to pursue postgraduate courses at SU, the amount totals around $13,188. Of this amount, $10,404 accounts for the graduate tuition and the remaining $2,784 for the graduation fees.

Cost Per Credit Hour

Degree	Year	Cost per Credit hour
Graduate	2018 - 2019	$578
Undergraduate	2018 - 2019	$492

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 Shaw University varies between graduate and undergraduate degrees. The 2019-2020 fee structure places the cost per credit hour for graduate courses at $219 and the undergraduate cost per credit hour at $126.

Campus Housing Expenses

Housing & other expenses	On Campus	Off Campus
Room & Board	$8,158	$8,100
Other Expense	$3,440	$4,390
Book & Supplies	$1,300	$1,300

Now, coming to the lodging and related expenses at SU, 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 $11,954 per year, while students have to pay $12,490 a year for off-campus housing. For on-campus students at the university, the room and board charges total around $8,514 per year, while the amount charged for off-campus candidates stands at $8,100. On the other hand, the charges toward books and supplies come to around $1,300. Aside from these, the other expenses that students should plan for add up to $3,440 for on-campus candidates and $4,390 for students who are off-campus.

Campus Housing Expenses

Housing & Other Expenses

Room & Boards

On Campus

$8,158

Off Campus

$8,100

Housing & Other Expenses

Other Expenses

On Campus

$3,440

Off Campus

$4,390

Housing & Other Expenses

Book & Supplies

On Campus

$1,300

Off Campus

$1,300

Projected Price for a 4 year degree

The current projected cost of attending a four-year graduate course, along with the living expenses, at Shaw University is around $150,010 as per official data. For undergraduate students, the total expenses added up to $18,846 in 2018-2019, $18,773 in 2017-2018, and $18,422 in 2016-2017.

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