In 2022, tuition for full-time students at Methodist University was $37,438 a year.
In 2023, tuition increased 3.25%–from $36,260 the previous year. Usually, college tuition rises about 3% year.
Remember, the displayed price of tuition does not give you enough information to determine the actual cost of attending any given college. Many students owe way less than the total tuition after grants, scholarships, and tuition discounts are applied. Plus, student loans can make theprice of collegefeel more doable until you've finishing school and found a job.
Methodist University meets 69.97% of the demonstrated financial need for undergraduates. First-year students that attend Methodist University full-time are awarded $28,883 a year in financial aid, on average.
Students in the class of 2023 who had taken out student loans graduated with an average of $37,166 of debt.
Methodist University is a private, religious institution, which means it has the same tuition for students from North Carolina as it does for students who live in other states.
Public colleges and universities receive funding from the state government. Public, state schools can offer lower tuition for students who meet the requirements for in-state residency.
Choosing a college where you qualify for in-state status can cut the cost of college tuition. Take the time to check your state's criteria for in-state tuition. Each state has different requirements to qualify as in-state resident. 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 North Carolina colleges
Tuition at Methodist University is the same for each student.
Students from outside of the U.S. are not eligible for federal financial aid, but may be eligible for private or Methodist University-specific aid and scholarships.
International students without financial need may be eligible for merit-based institutional scholarships.
Tuition is not the only cost of attending college; there are other costs associated with college, like room and board, facility fees, and books and supplies. Let's take a look at what impacts these costs, and what to expect at Methodist University.
Housing and campus dining at Methodist University costs $12,828 a year. This number includes the cost of living in dorms or other on-campus housing, and a dining plan that enables you to eat all or some of your meals the Methodist University's on-campus cafeterias and dining halls.
Meal-plan costs may vary depending on how many meals are included in the plan you choose.
First-year students are sometimes surprised by how much books and supplies cost–and not in a good way. The real cost of books depends on the courses you take and the materials required. To save money, many students choose to use books from the library or buy books from students who have already taken the course.
Most schools also have fees to offsets cost associated with maintaining facilties, like the library, gym and computer labs.
There may be additional fees associated with participating in certain activities, like joining a fraternity or sorority, or participating in sports or other extracurriculars. Many schools offer resources so that those with demonstrated need to get help covering these fees.
The cost of getting around in college depends on a few key factors. Will you take a subway, car or an airplane to get to school? Is on-campus parking free, or will you need to budget for parking? Is the campus walkable? Do you plan to bring a car or will you need to use busses, subways, or other modes of transportation? All of these factors can drastically impact your estimated cost of transportation. At Methodist University, freshman are allowed to park on campus.
The location of a college or university can also have a big effect on the amount you'll have to spend just to get around. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the other hand getting around in an urban area is sometimes costly, but there may be more trains, busses or low-cost flight options to actually get to school. The Methodist University campus is located in a suburb in North Carolina, not far from Raleigh-Durham.
When you're planning for college, don’t forget to factor in personal expenses, like entertainment, clothes, furnishings and toiletries.
Now, let’s go over all of the costs we've covered, to get a better estimate of what is really costs to go to Methodist University.
What will the cost of attending Methodist University be? Here is a breakdown of tuition and expenses.
2023 Total Tuition and Expenses | |
---|---|
Tuition | $37,438 |
Room and Board | $12,828 |
Other expenses | $2,650 |
The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.
Total Estimated Costs | |
---|---|
On-Campus | $55,016 |
Off-Campus | $42,188 |
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.
The majority of Methodist University undergrads use financial aid to finance their education. In 2023, 1,074 of the 1,532 undergrads enrolled received financial aid. Methodist University meets 69.97% of the demonstrated financial need for undergraduates.
The average financial aid package for a full-time, first-year student is around $28,883 a year. Around 59% of Methodist University undergrads take out student loans to cover any remaining costs. Methodist University graduates who have student loans graduate with an average of $37,166 of student loan debt.
The average debt for each loan type varies.
Average Debt By Loan Type | |
---|---|
Federal Loans | $26,495 |
Private Loans | $41,778 |
Most Common Loans for Methodist University Students | |
---|---|
Federal Loans | 58% |
Private loans | 16% |
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 Methodist University financial aid, keep reading, or visit their financial aid website.
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, Methodist University awarded 1,065 need-based scholarships to students, giving away total of $23.8 million to help students with financial need cover the cost of school. An additional $8.88 million in merit-based scholarship money was awarded to students without demonstrated financial need.
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 Methodist 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 Methodist University was $28,883 in 2023. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Methodist University seem more manageable.
Estimated Net Cost for Full-Time Students | |
---|---|
On-Campus | $26,133 |
Off-Campus | $13,305 |
What will attending Methodist 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 understand the actual cost of attending that school, based on their financial situation. You can find the Methodist University's net cost calculator on their website.
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.
Schools sometimes waiver tuition for certain groups, to reduce the total cost of attendance. Some colleges offer tuition waivers for faculty, staff, and their families , underrepresented students, or military students. Even with a tuition waiver, students are usually responsible for housing, meal plans, and other expenses.
Check the financial aid website for more information on payment plans and tuition waivers.
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 2022, the total market value of Methodist University's endowment was $13.9 million. The average college endowment was $905 million in 2021. For each full-time student, Methodist University spends about $18,078 a year.
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Tuition & Fees
$52,366
In State$52,366
Out-of-StateStudents Who Receive Need-Based Aid
Average Financial Aid Package
Data Source: IPEDs and Peterson's Databases © 2022 Peterson's LLC All rights reserved
Total Enrollment
Campus Setting
Acceptance Rate
Fall Freshmen
Application Deadline
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