M
Private 4 Year

Miles College Tuition & Cost

Fairfield, Alabama

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How much does it cost to attend?

Sticker Price
$22,894
Costs for Miles College
Fee Cost
Tuition$11,164
Books and Supplies$250
Other Fees$1,300
Room and Board $7,348
Other Expenses Budget$2,832

Annual Prices

The annual list price to attend Miles College on a full time basis for 2018/2019 is $22,894 for all students regardless of their residency. This fee is comprised of $11,164 for tuition, $7,348 room and board, $250 for books and supplies and $1,300 for other fees. Out of state tuition for Miles College is $11,164, the same as Alabama residents.

All price data is sourced from the 2019/2020 U.S. Department of Education National Center for Education Statistics survey.
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Net Price

Net price is indicative of what it actually costs to attend Miles College when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2018/2019
$14,084
Net Price by Income Miles College
Family Income Net Price Paid
$0 to $30,000$13,850
$30,001 to $48,000$14,234
$48,001 to $75,000$16,364
$75,001 to $110,000$14,357
$110,000+$17,812

The average reported annual net price for Miles College for students receiving grants or scholarship aid was $14,084 in 2018/2019. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

Costs for Similar Colleges

Financial Aid

99% of full-time undergrad Miles College received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $8,199 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 90% of students received Federal Student Loans averaging $6,606 and 1% of undergrads took out private student loans averaging $9,000.

Finanical Aid Miles College
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $8,199 99%
Institutional Grants and Scholarships $6,437 39%
Pell Grants $5,589 89%
Other Federal Grants $1,005 28%
State and Local Grants $1,113 38%
Federal Student Loans $6,606 90%
Other Student Loans $9,000 1%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Miles College, we've modeled a ten year student loan with an original principal value of $53,416. The loan balance of $53,416 is a four year multiple of the $13,354 average net price. This is a estimate of what you could owe upon graduation if you were to qualify for average financial aid and what a degree really may cost. Should you not qualify for financial aid, you may owe significantly more when you graduate. Based on these assumptions, a monthly repayment of $510 could be required to satisfy your student loan.

Please note that financial aid is not guaranteed and is only available for qualifying students. Federal Student Loans are not grants and must be repaid with interest. The current Stafford loan interest rate is 2.75%.

Example Loan $53,416
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $509.65
Total Interest Paid $7,741.71
Sum of All Loan Payments $61,157.71

Projected 4 Year Degree Price

4 Year Sticker Price
$91,576
Year All Residents
1 $22,894
2 $23,123
3 $23,355
4 $23,588

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Miles College to be $91,576 - assuming graduation in normal time. The estimation assumes a 1% annual increase over the next 4 years which has been the recent trend for this school.

Credit Hour Cost and Price per Class

Credit Hour and Class Costs at Miles College
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $470 $1,410 $1,880

Estimated cost for a class at Miles College based on published credit hour prices. Note that not all schools allow single class enrollment. These prices should be used for comparison purposes as to how much it may cost to take a class at Miles College versus other colleges.

Tuition Payment Plans Available

Miles College Payment Plans
Tuition Payment Plan Yes
Prepaid Tuition Plan No
Alternative Tuition Plan Yes
Guaranteed Tuition Plan No

Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=101675 IPEDS survey data for Miles College.