Martin University

In 2009, Martin University's tuition was $12,840 a year.

Tuition was the same price in 2023 as it was the year before. On average, colleges raise tuition about 3% each year.

If this information makes going to college sound impossible, remember, the total cost of tuition isn't necessarily what you will have to pay to attend a school. Many students pay far less than the sticker price after grants, scholarships, and tuition discounts kick in. Plus, student loans can make thecost of college more manageable until after graduation.

Martin University meets 95% of the demonstrated financial need for undergraduates. First-year students that attend Martin University full-time are awarded $8,231 a year in financial aid, on average.

Students in the class of 2023 who had taken out student loans graduated with an average of $28,600 of debt.

In-state vs. Out-of-state Tuition at Martin University

Martin University is a private, nonprofit institution, so it has the same tuition for students from Indiana as it does for residents from other states.

Public schools receive funds from the state to help them cover costs. Public, state schools can offer lower tuition for students who meet the requirements for in-state residency.

Choosing a college where you qualify for the reduced tuition offered to state residentscan save on the cost of tuition, as well as loans and interest owed. Take the time to verify your state's guidelines for how to qualify for as an in-state resident. Every state has its own rules about what makes someone eligible for in-state tuition. The most common requirement is that students must have lived in the state for a full year before starting school. There may be other criteria as well, depending on where you live.

Explore other Indiana colleges

Tuition for International Students at Martin University

Tuition at Martin University is the same for all students.

International students usually do not qualify for for loans or grants from the U.S. government, but should research private or school-specific aid and scholarships.

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Martin University Room, Board, Fees, and More

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In addition to tuition, room and board, books, transportation and fees are also costs it consider when planning for college. Let's take a look at what impacts these costs, and what to expect at Martin University.

House and Food Costs at Martin University

Meal-plan costs may vary depending on how many meals are included in the plan you choose.

Cost of Books at Martin University

The cost of books often surprises first-year college students. The real cost of books depends on the courses you take and the textbooks, computer programs, or other materials are required.. To save money, many students choose to use books from the library or buy used textbooks and materials.

Yearly Fees

The majority of colleges charge some yearly fees to offsets cost associated with maintaining facilties, like the library, gym and computer labs.

Keep in mind, there could also be optional fees associated with participating in special activities, like joining a fraternity or sorority, or playing on an intramural sports team. Most colleges have ways so that those who may struggle to participate because of cost can find ways to lower or eliminate these costs.

The Cost of Transportation at Martin University

The total cost of getting around in college can really vary. Will you drive, fly, or take public transportation to school? Is on-campus parking free, or will you need to budget for parking? Is the campus small enough that you can easily walk from class-to-class?? Do you plan to bring a car or will you need to use busses, subways, or other modes of transportation? All of these questions can drastically impact your transportation budget.

A school's location can impact transportation costs. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the other hand transportation in a city can be costly, but there may be more buses, trains or affordable flights to actually get to school. The Martin University campus is located in a city in Indiana.

Other Costs

When budgeting for college, be sure to leave some room in your budget for the cost of things like entertainment, clothes, furnishings and toiletries.

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Financial Breakdown for Martin University

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Now, let’s look at the breakdown of all expenses, to get a better idea of the actual cost of attending Martin University.

Total Cost of Martin University

What will the cost of attending Martin University be? Here is a breakdown of tuition and expenses.

2023 Total Tuition and Expenses
Tuition	$12,840

The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.

Total Estimated Costs
On-Campus	$13,850
Off-Campus	$16,458

The breakdowns above provide a good estimate of the total cost of attendance before financial aid and scholarships. Tuition and fees may vary depending on program, course level, location, and more.

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Martin University Financial Aid

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The majority of Martin University undergrads use financial aid to finance their education. In 2023, 535 of the 170 undergrads enrolled received financial aid. Martin University meets 95% of the demonstrated financial need for undergraduates.

The average financial aid package for a full-time, first-year student is around $8,231 a year. Around 95% of Martin University undergrads take out student loans to cover any remaining costs. Martin University graduates who have student loans graduate with an average of $28,600 of student loan debt.

Most students take out institutional or government loans, because they tend to have lower interest rates and more flexible repayment options than private loans. Loans from the federal government can be subsidized or unsubsidized. Subsidized loans do not accrue interest during school, while unsubsidized loans begin accruing interest at the time the loan is issued. If students do no qualify for enough federal loans to cover the cost of tuition, some take out private loans. Parents can also take out ParentPLUS loans, which are government loans for parents who are helping their children pay for college.

The Free Application for Federal Student Aid (FAFSA) helps colleges determine how much financial need students and their familes have, so they can offer a financial aid package that meets, or come close to meeting, their need. For more information on Martin University financial aid, keep reading, or visit their financial aid website.

Scholarships at Martin University

Some students may receive grants and scholarships to help pay for college. Unlike loans, scholarships and grants do not have to be paid back.

In 2023, Martin University awarded 83 need-based scholarships to students, giving away total of $3.1 million to help students with financial need cover the cost of school.

Martin University Net Cost

The net price of college is the actual cost of attending a school for one year. Net cost is calculated by subtracting any scholarships, grants or other aid that does not need to be paid back from the total cost. Student loans are not part of the calculation, because they need to be repaid.

Now that we have a sense of the total estimated costs for Martin University students, we can subtract the average financial aid package to find the estimated net cost. Net cost can vary depending on a students’ need and the financial aid award received.

When considering whether a school fits your budget, it is important to consider the estimated net cost, not just the sticker price of tuition. Often, schools with the highest tuition also offer the most generous aid packages, so estimate your net cost before eliminating a school because it does fit your budget.

The average amount of financial aid received by a full-time first year student with demonstrated need at Martin University was $8,231 in 2023. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Martin University seem more manageable.

Estimated Net Cost for Full-Time Students
On-Campus	$5,619
Off-Campus	$8,227

What will attending Martin University really cost you? The answer depends on several factors.

As of 2011, colleges are required to have a net price calculator on their website to help prospective students and their families get a better idea of the actual cost of attending that school, based on their financial situation. You can find the Martin University's net cost calculator on their website.

Martin University Tuition Payment Plans

Some students choose to use payment plans to make the cost of tuition fit more comfortably in their budget.

Students cannot pay tuition in installments. Contact the financial aid office to verify this and discuss options.

Does Martin University Offer Tuition Waivers?

Schools sometimes offer tuition waivers to certain groups, to make attending more affordable. Some schools offer tuition waivers for employees and their family members, underrepresented students, or military students. Even if you qualify for a waiver, other expenses and fees are the responsibility of the student.

Check the financial aid website for more information on payment plans and tuition waivers.

Martin University's Endowment

An endowment is the total value of a school's investments, donations, and assets. Endowment is not necessarily an indicator of the quality of a school, but it can give you a sense of how much money a college can afford to invest in expanding programs, improving facilities, and supporting students.

As of 2009, the total market value of Martin University's endowment was $100000 thousand. The average college endowment was $905 million in 2021. The school spends $2,759 for each full-time student enrolled.

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Learn More About Martin University

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