University of Montevallo

On average, colleges raise tuition about 3% each year.

Remember, the total cost of tuition isn't the final cost for attending college. Many students owe way less than the total tuition after grants, scholarships, and tuition discounts are applied. Additionally, student loans can make the amount you do have to pay out of pocket feel more doable until after graduation.

University of Montevallo meets 62% of the demonstrated financial need for undergraduates. First-year students that attend University of Montevallo full-time are awarded $13,513 a year in financial aid, on average.

Students in the class of 2023 who had taken out student loans graduated with an average of $27,435 of debt.

Does University of Montevallo Offer In-State and Out-of-State Tuition?

**University of Montevallo is a public, state institution, **

Public schools receive funds from the state to help them cover costs. Public insitutions often offer a lower cost of attendance for students who are residents of that state.

Choosing a college where you qualify for the reduced tuition offered to state residentscan drastically reduce the cost of tuition, as well as loans and interest owed. Don't forget to confirm your state's requirements 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 additional requirements too, depending on where you live.

Explore other Alabama colleges

Tuition for International Students at University of Montevallo

Tuition at University of Montevallo is the same for each student.

International students usually do not qualify for for federal financial aid, but may qualify for private or school-specific aid and scholarships.

International students without financial need may be eligible for merit-based institutional scholarships and athletic awards.

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University of Montevallo Living Expenses, Fees, and More

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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 University of Montevallo.

House and Food Costs at University of Montevallo

Board costs may vary depending on the number of meals you intend to eat on-campus

How Much Do Books Cost at University of Montevallo?

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 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

Most schools charge some yearly fees to offsets cost associated with maintaining facilties, like the library, gym and computer labs.

There may be other costs associated with participating in certain activities, like Greek Life, or participating in sports or other extracurriculars. Many schools have ways so that those who may struggle to participate because of cost can find ways to lower or eliminate these fees.

Transportation costs

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? Will you need to pay to park on-campus? Is the campus walkable? Do you own a car, or will you need to use public transportation? All of these factors can drastically impact your transportation budget. At University of Montevallo, freshman are allowed to park on campus.

A school's location can also have a big effect on your transportation budget. 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 a city is often costly, but cities may offer more buses, trains or affordable flights to actually get to school. University of Montevallois located in a town in Alabama, near Birmingham.

Other Costs

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.

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Financial Breakdown for University of Montevallo

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

How Much Does University of Montevallo Cost?

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

2023 Total Tuition and Expenses

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

Tuition and fees may vary depending on program, course level, location, and more.

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University of Montevallo Financial Aid

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The majority of University of Montevallo undergrads use financial aid to help pay for school. In 2023, 1,257 of the 2,172 undergrads enrolled received financial aid. University of Montevallo meets 62% of the demonstrated financial need for undergraduates.

The average financial aid package for a full-time, first-year student is around $13,513 a year. Around 58% of University of Montevallo undergrads take out student loans to cover any remaining costs. University of Montevallo graduates who have student loans graduate with an average of $27,435 of student loan debt.

The average debt for each loan type varies.

Average Debt By Loan Type
Federal Loans	$23,965
Private Loans	$29,700

Most Common Loans for University of Montevallo Students
Federal Loans	57%
Private loans	8%

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 University of Montevallo financial aid, keep reading, or visit their financial aid website.

Scholarships at University of Montevallo

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, University of Montevallo awarded 1,202 need-based scholarships to students, giving away total of $14.2 million to help students with financial need cover the cost of school. An additional $7.03 million in merit-based scholarship money was awarded to students without demonstrated financial need.

Net Cost of University of Montevallo

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 University of Montevallo 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 University of Montevallo was $13,513 in 2023. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of University of Montevallo seem more manageable.

What will attending University of Montevallo 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 University of Montevallo's net cost calculator on their website.

University of Montevallo Tuition Payment Plans

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

University of Montevallo does not have guaranteed tuition.

University of Montevallo offers an Installment Payment Plan, which allows students to pay tuition in a series of smaller chunks instead of one lump sum.

University of Montevallo Tuition Waivers

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

University of Montevallo has some full or partial tuition waivers available for: - Employees or Children of Employees

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

University of Montevallo'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.

University of Montevallo's endowment was valued at $2.2 million in 2023, compared to a national average of $905 million. For each full-time student, University of Montevallo spends about $10,407 a year.

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Learn More About University of Montevallo

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Choose one of the options below to find out more about about University of Montevallo:

Overview

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