Private 4 Year

McPherson College Tuition & Cost

McPherson, Kansas

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How much does it cost to attend?

Sticker Price

Costs for McPherson College
Fee Cost
Books and Supplies$1,420
Other Fees$1,012
Room and Board $9,718
Other Expenses Budget$3,600

Annual Tuition & Costs

The annual tuition to attend McPherson College is $31,396. The cost is the same for both in-state and out-of-state students. Room and board fees are an additional $9,718. For educational materials, students should allocate approximately $1,420 for books and supplies plus $1,012 for other fees charged by the school. Finally, students should budget $3,600 for miscellaneous expenses throughout the year. With all these fees considered, the expected total cost to attend McPherson College on a full-time basis is $47,146 per annum.

All price data is sourced from the 2021/2022 U.S. Department of Education National Center for Education Statistics survey.
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Net Price

The average reported annual net price for McPherson College for students receiving grants or scholarship aid was $23,872 in 2019/2020. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

The net price provides a more realistic estimate of the true cost of attending McPherson College, once common grants and scholarships have been taken into account. It's important to note that this net price can fluctuate based on factors such as family income and individual financial need.

Average Net Price 2019/2020

Net Price by Income McPherson College
Family Income Net Price Paid
$0 to $30,000$20,415
$30,001 to $48,000$19,779
$48,001 to $75,000$22,075
$75,001 to $110,000$23,240

Financial Aid

100% of full-time undergrad McPherson 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 $20,255 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 70% of students received Federal Student Loans averaging $5,649 and 10% of undergrads took out private student loans averaging $13,884.

Finanical Aid McPherson College
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $20,255 100%
Institutional Grants and Scholarships $17,823 100%
Pell Grants $4,750 39%
Other Federal Grants $390 39%
State and Local Grants $2,714 16%
Federal Student Loans $5,649 70%
Other Student Loans $13,884 10%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to McPherson College, we've modeled a ten year student loan with an original principal value of $73,848. The loan balance of $73,848 is a four year multiple of the $18,462 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 $783 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 4.99%.

Example Loan $73,848
Stafford Loan Interest Rate 4.99%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $782.91
Total Interest Paid $20,101.40
Sum of All Loan Payments $93,949.40

Projected 4 Year Degree Price

4 Year Sticker Price

Year All Residents
1 $47,146
2 $49,197
3 $51,336
4 $53,569

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at McPherson College to be $188,584 - assuming graduation in normal time. The estimation assumes a 4.3% 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 McPherson College
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $590 $1,770 $2,360

Estimated cost for a class at McPherson 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 McPherson College versus other colleges.

Tuition Payment Plans Available

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

Costs for Similar Colleges 

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Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=155511 IPEDS survey data for McPherson College.