$27,154

Tuition

$41,375

Cost of Attendance

$22,516

Net Price

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McMurry University Tuition and Fees

McMurry University 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 MU is quite moderate compared to the expense of education at most institutions. As per the 2020 - 2021 official information, the average cost for the undergraduate courses offered at the university adds up to about $28,099, which includes the total tuition fees and other expenses. The housing facilities, books and supplies, and other expenses cost $8,820, $1,200, and $4,605, respectively.

Total Cost of Attendance

Student typeIn-stateOut-State
Tuition & Fees$27,419$27,419
Book & Supplies$1,200$1,200
Room & Board cost$8,602$8,602
Other Expenses$4,154$4,154
Total Cost of Attendance$41,375$41,375

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. There are several other expenses that are involved in the cost of attending the university, which primarily includes housing, dining, textbooks, supplies, and the cost of living. What's more, at McMurry University, the total tuition and fees for the enrolled students come out to be around $28,099 in a year. Other than that, they will need to shell out an amount of $1,200 for books and supplies, $7,596 for room and boarding charges, and $4,605 toward other expenses on average in a year. Therefore, the estimated cost of attendance for one year at MU is around $41,500, as per the available information.

Average Net Price by Family Income

Net Price

$22,516

Family Income

Avg. Net Price

$0 to $30,000

$19,130

$30,001 to $48,000

$20,448

$48,001 to $75,000

$21,643

$75,001 to $110,000

$25,594

$110,000+

$24,501

The net cost of attending McMurry University – the actual amount that students and their families are required to pay in a given year – varies depending on the candidate's annual family income. Generally, the higher the family income of the candidate, the higher is the net amount to be paid. While the actual net cost is subject to one’s family income bracket, the average net price is estimated to be $21,719 at MU. The net price for students with an annual family income below $30,000 is reported to be around $17,194. For the individuals who come under the $30,001-$48,000 income category, the net cost is $19,651. Meanwhile, the net price stands at $22,301 for the $48,001-$75,000 income bracket and at $24,580 for an income between $75,001 and $110,000. This amount adds up to $27,065 for students whose annual family income is more than $110,000.

Student Loans

Example Loans

$72,336

Stafford Loan Interest

4.5%

Time to Pay off Student Loan

10 years

Example monthly payment

$751

Total interest paid

$17,747

Sum of Loan Payments

$90,083

To have a realistic understanding of how much it will cost to study at McMurry University here is an example one can consider to estimate the payment amounts one will incur with a student loan. Take a loan of $72,336 for example. This will result in a $9,008 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 $90,083 which is $17,747 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$27,419$27,419
Room & Board Cost$8,602$8,602
Total Tuition & Fees$36,021$36,021

At McMurry University, the estimated tuition and fees for candidates who have enrolled in undergraduate programs are $28,099 per year. They would also be required to pay around $7,596 for their room and boarding expenses. In view of this information, the estimated total cost for undergraduate students at MU adds up to $41,500.

Graduate Tuition and Fees

In-stateOut-State
Tuition$15,264$15,264
Fees$461$461

As for the students looking to enroll in postgraduate programs at MU, the tuition and fees they are charged add up to $16,103 per year. Of this amount, $15,642 accounts for the graduate tuition and the remaining $461 for the graduation fees.

Cost Per Credit Hour

DegreeYearCost per Credit hour
Graduate2018 - 2019$848
Undergraduate2018 - 2019$848

The graduate and undergraduate courses have a varying cost per credit hour – which is the total program cost divided by the total number of credit hours of the program – that the student has to pay to attend MU. As per the 2019-2020 fee structure, the cost per credit hour for graduate courses is $268 and for undergraduate courses, it stands at $216. Also, McMurry University currently offers a number of online courses to students across 51 different majors.

Campus Housing Expenses

Housing & other expensesOn CampusOff Campus
Room & Board$8,602$5,452
Other Expense$4,154$5,056
Book & Supplies$1,200$1,200

Now, coming to the lodging and related expenses at MU, 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 $12,974 per year, while students have to pay $11,428 a year for off-campus housing. Besides, on-campus candidates will have to pay about $8,820 toward room and boarding charges. On the other hand, off-campus students will be required to pay an amount of $6,372. Coming to the books and supplies charges, the students will be required to pay an amount of $1,200. The other expenses that students should plan for come to around $4,154 for on-campus candidates and $5,056 for the candidates who live off-campus.

Campus Housing Expenses

Housing & Other Expenses

Room & Boards

On Campus

$8,602

Off Campus

$5,452

Housing & Other Expenses

Other Expenses

On Campus

$4,154

Off Campus

$5,056

Housing & Other Expenses

Book & Supplies

On Campus

$1,200

Off Campus

$1,200

Now, coming to the lodging and related expenses at MU, 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 $12,974 per year, while students have to pay $11,428 a year for off-campus housing. Besides, on-campus candidates will have to pay about $8,820 toward room and boarding charges. On the other hand, off-campus students will be required to pay an amount of $6,372. Coming to the books and supplies charges, the students will be required to pay an amount of $1,200. The other expenses that students should plan for come to around $4,154 for on-campus candidates and $5,056 for the candidates who live off-campus.

Online Degree Programs, Tuition and Cost Per Credit Summary

Degree TypeTotal Average TuitionAverage Tuition Per Credit
Bachelors $48,000 $400
Masters $26,622 NA
Post Masters Certificate $26,622 NA

McMurry University offers 6 online programs across 3 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 McMurry University is around $208,460 as per official data. For undergraduate students, the total expenses added up to $21,719 in 2018-2019, $22,516 in 2017-2018, and $22,991 in 2016-2017.

Explore Programs by Major

Business ManagementNursingCriminal Justice

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