S
Private 4 Year

Selma University Tuition & Cost

Selma, Alabama

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How much does it cost to attend?

Sticker Price
$9,380
Costs for Selma University
Fee Cost
Tuition$7,200
Books and Supplies$0
Other Fees$80
Room and Board $2,100
Other Expenses Budget$0

Annual Prices

The annual list price to attend Selma University on a full time basis for 2018/2019 is $9,380 for all students regardless of their residency. This fee is comprised of $7,200 for tuition, $2,100 room and board, $0 for books and supplies and $80 for other fees. Out of state tuition for Selma University is $7,200, 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 Selma University when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2018/2019
$10,262
Net Price by Income Selma University
Family Income Net Price Paid
$0 to $30,000$9,229
$30,001 to $48,000n/a
$48,001 to $75,000n/a
$75,001 to $110,000n/a
$110,000+n/a

The average reported annual net price for Selma University for students receiving grants or scholarship aid was $10,262 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

100% of full-time undergrad Selma University received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $3,448 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 100% of students received Federal Student Loans averaging $2,342 and 3% of undergrads took out private student loans averaging $6,000.

Finanical Aid Selma University
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $3,448 100%
Institutional Grants and Scholarships $1,000 17%
Pell Grants $3,281 100%
Other Federal Grants $0 0%
State and Local Grants $0 0%
Federal Student Loans $2,342 100%
Other Student Loans $6,000 3%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Selma University, we've modeled a ten year student loan with an original principal value of $21,040. The loan balance of $21,040 is a four year multiple of the $5,260 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 $201 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 $21,040
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $200.74
Total Interest Paid $3,049.38
Sum of All Loan Payments $24,089.38

Projected 4 Year Degree Price

4 Year Sticker Price
$37,520
Year All Residents
1 $9,380
2 $9,588
3 $9,802
4 $10,019

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Selma University to be $37,520 - assuming graduation in normal time. The estimation assumes a 2.2% 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 Selma University
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $300 $900 $1,200

Estimated cost for a class at Selma University 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 Selma University versus other colleges.

Tuition Payment Plans Available

Selma University Payment Plans
Tuition Payment Plan No
Prepaid Tuition Plan No
Alternative Tuition Plan No
Guaranteed Tuition Plan No

Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=102058 IPEDS survey data for Selma University.