In 2022, tuition for full-time students at Montreat College was $29,212 a year.
Tuition increased 2.5% in 2023–from $28,500 the previous year. Usually, college tuition rises about 3% year.
Remember, the advertized cost of tuition doesn't give you enough information to determine the actual cost of attending any given college. Many students pay far less than the sticker price after grants, scholarships, and tuition discounts kick in. And, student loans can make theprice of collegemore manageable until you've finishing school and found a job.
Montreat College meets 66.86% of the demonstrated financial need for undergraduates. The average financial aid package for a full-time, first-year student at Montreat College is around $24,929 a year.
In 2020, students graduated with an average of $31,763 in student loans for each student with debt.
Montreat College is a private, religious institution, which means it has the same tuition for residents of North Carolina as it does for students who live in other states.
Public colleges and universities receive funding from the state government. These institutions offer a lower cost of attendance for those who qualify as North Carolina residents.
Choosing a college where you qualify for in-state tuition can cut the cost of college tuition. Take the time to verify your state's requirements for as an in-state resident. Each state has different requirements to qualify as in-state resident. Most states require students to have resided in the state for a certain period of time before qualifying. There may be other criteria as well, depending on where you live.
Explore other North Carolina colleges
Tuition at Montreat College is the same for all students.
International students are not eligible for federal financial aid, but should research private or Montreat College-specific grants, scholarships, and other funding opportunities. International students with need may qualify for the following types of financial support at Montreat College:
•On-campus jobs •Athletic Awards •Montreat College-specific scholarships •International Students Tuition Waivers
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 estimating the cost of attendance for college. Let's take a look at what impacts these costs, and what to expect at Montreat College.
Housing and campus dining at Montreat College is $9,828 a year. This number covers the cost of living in dorms or other on-campus housing, and a dining plan that allows you to eat in the school dining halls. Students who do not live on-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 $4,300.
Board costs may vary depending on the number of meals you intend to eat on-campus
The cost of books often surprises first-year college students. The actual 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 used textbooks and materials.
Most schools also have fees to help cover the cost of facilties, like the library, gym and computer labs.
Keep in mind, there could also be additional fees associated with participating in special activities, like joining a fraternity or sorority, or playing on an intramural sports team. Many schools offer resources for students who may struggle to participate because of cost can find ways to lower or eliminate these costs.
The cost of transportation in college depends on a few key factors. Will you take a subway, car or an airplane to get to school? Will you need to pay to park on-campus? Is the campus walkable? Do you plan to bring a car or are you planning to use public transportation? All of these factors can drastically impact your transportation budget. 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 flip side, getting around in an urban area might be expensive, but there may be more buses, trains or affordable flights to actually get to school. The Montreat College campus is in a town in North Carolina.
When budgeting for college, be sure to factor in the cost of things like entertainment, clothes, furnishings and toiletries.
Now, let’s do a rundown of all of the costs associated with college, to get a better idea of how much students can expect to shell out for Montreat College.
What will the cost of attending Montreat College be? Here is a breakdown of tuition and expenses.
2023 Total Tuition and Expenses | |
---|---|
Tuition | $29,212 |
Room and Board | $9,828 |
Board Only | $5,528 |
Other expenses | $2,750 |
The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.
Total Estimated Costs | |
---|---|
On-Campus | $43,240 |
Off-Campus | $38,650 |
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 Montreat College undergrads use financial aid to finance their education. In 2023, 572 of the 830 undergrads enrolled received financial aid. Montreat College meets 66.86% of the demonstrated financial need for undergraduates.
The average financial aid package for a full-time, first-year student is around $24,929 a year. Around 72% of Montreat College undergrads take out student loans to cover any remaining costs. Montreat College graduates who have student loans graduate with an average of $31,763 of student loan debt.
The average debt for each loan type varies.
Average Debt By Loan Type | |
---|---|
Federal Loans | $24,553 |
Private Loans | $34,438 |
Most Common Loans for Montreat College Students | |
---|---|
Federal Loans | 71% |
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 Montreat College 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, Montreat College awarded 563 need-based scholarships to students, giving away total of $5.5 million to help students with financial need cover the cost of school. An additional $910,000 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 Montreat College 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 Montreat College was $24,929 in 2023. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Montreat College seem more manageable.
Estimated Net Cost for Full-Time Students | |
---|---|
On-Campus | $18,311 |
Off-Campus | $13,721 |
What will attending Montreat College 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 Montreat College'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 offer tuition waivers to certain groups, to offset the cost of attending. 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.
Montreat College has some full or partial tuition waivers available for: - International Students
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 Montreat College's endowment, check with the school directly.
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Tuition & Fees
$40,490
In State$40,490
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
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