In 2022, tuition for full-time students at Midway University was $25,480 a year.
Tuition increased 4% in 2023–from $24,500 the prior year. On average, colleges raise tuition about 3% each year.
Remember, the total cost of tuition isn't necessarily what you will have to pay to attend a school. Many students find the actual cost of college is far less than the sticker price after grants, scholarships, and tuition discounts are awarded. Additionally, student loans can make theprice of collegemore manageable until after graduation.
Midway University meets 66% of the demonstrated financial need for undergraduates. The average financial aid package for a full-time, first-year student at Midway University is around $21,727 a year.
Graduates in the class of 2023 had an average of $26,623 in student loans per borrower.
Midway University is a private, religious institution, so it has the same tuition for students from KY 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 in-state tuition can cut the cost of college tuition. Take the time to check your state's guidelines for how to qualify for in-state residency. 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 additional requirements too, depending on the state you and your parents currently live in.
Midway University has the same tuition for international students as for those from out of state.
Students from outside of the U.S. are not eligible for federal financial aid, but may qualify for private or Midway University-specific grants, scholarships, and other funding opportunities. International students with need may be eligible for the following types of financial support at Midway University:
•Loans from outsideMidway University •Midway University-specific loans •Midway University-specific scholarships
International students without financial need may be eligible for merit-based institutional scholarships and athletic awards.
Tuition is not the only cost of attending college; 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 Midway University.
Room and board at Midway University is $8,785 a year. This number covers the cost of living in dorms or other on-campus housing, and a meal plan that allows you to eat in the Midway University's on-campus cafeterias and dining facilities. Students who live off campus but would like to be able to eat in the campus dining can choose to be on a meal plan. The cost of a mean plan, or board-only, is $2,400.
Board costs can depend 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 and supplies depends on the courses you take and the materials required. To save money, many students choose to use books from the library or buy used textbooks and materials.
Most schools 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 certain activities, like joining a fraternity or sorority, or playing on an intramural sports team. Most colleges have resources for students who may struggle to participate because of cost can get help covering these costs.
The total cost of getting around in college can really vary. Will you drive, fly, or take public transportation to school? Will you need to pay to park on-campus? Is the campus small enough that you can easily walk from class-to-class?? Do you own a car, or are you planning to use public transportation? All of these questions can drastically impact your estimated cost of transportation. Keeping in mind, first-year students are allowed to park a car on campus.
Where are a college is located can impact 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 pricey, but there may be more buses, trains or low-cost flight options to actually get to school. The Midway University campus is located in a rural area in KY, not far from Louisville and Lexington.
When you're planning for college, be sure to leave some room in your budget for the cost of things like entertainment, clothes, furnishings and toiletries.
Now, let’s look at the breakdown of all expenses, to get a better estimate of the actual cost of attending Midway University.
What will the cost of attending Midway University be? Here is a breakdown of tuition and expenses.
2023 Total Tuition and Expenses | |
---|---|
Tuition | $25,480 |
Room and Board | $8,785 |
Board Only | $3,990 |
Other expenses | $9,100 |
The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.
Total Estimated Costs | |
---|---|
On-Campus | $43,965 |
Off-Campus | $39,170 |
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.
In 2023, 824 of the 1,663 undergrads enrolled received financial aid. Midway University meets 66% of the demonstrated financial need for undergraduates.
The average financial aid package for a full-time, first-year student is around $21,727 a year. Around 79% of Midway University undergrads take out student loans to cover any remaining costs. Midway University graduates who have student loans graduate with an average of $26,623 of student loan debt.
The average debt for each loan type varies.
Average Debt By Loan Type | |
---|---|
Federal Loans | $20,744 |
Midway University-Specific Loans | $3,937 |
Private Loans | $33,000 |
Most Common Loans for Midway University Students | |
---|---|
Federal Loans | 77% |
Institutional Loans | 5% |
Private loans | 15% |
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 Midway 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, Midway University awarded 656 need-based scholarships to students, giving away total of $6.3 million to help students with financial need cover the cost of school. An additional $8.01 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 Midway 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 Midway University was $21,727 in 2023. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Midway University seem more manageable.
Estimated Net Cost for Full-Time Students | |
---|---|
On-Campus | $22,238 |
Off-Campus | $17,443 |
What will attending Midway 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 make more informed decisions about the actual cost of attending that school, based on their financial situation. You can find the Midway 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.
Midway University does not have guaranteed tuition.
Midway University offers an Installment Payment Plan, which allows students to pay tuition in a series of smaller chunks instead of one lump sum.
Schools sometimes waiver tuition for certain groups, to offset the cost of attending. Some colleges offer tuition waivers for employees and their family members, underrepresented students, or military students. Even with a tuition waiver, students are usually responsible for housing, meal plans, and other expenses.
Midway University has some full or partial tuition waivers available for: - X - Employees or Children of Employees
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.
For more information about Midway University's endowment, check with the school directly.
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Tuition & Fees
$34,865
In State$34,865
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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