Morehead State University - Net Price, Tuition, Cost to Attend, Financial Aid and Student Loans

How much does it cost to attend?

In State Kentucky Resident Sticker Price

$23,114

In State Costs for Morehead State University
Fee	Cost
Tuition	$9,082
Books and Supplies	$1,008
Other Fees	$380
Room and Board	$10,040
Other Expenses Budget	$2,604

Out of State Resident Sticker Price

$27,758

Out of State Costs for Morehead State University
Fee	Cost
Tuition	$13,726
Books and Supplies	$1,008
Other Fees	$380
Room and Board	$10,040
Other Expenses Budget	$2,604

In-State Tuition

In-state tuition at Morehead State University for undergraduate students residing in Kentucky is $9,082. Room and board charges total $10,040 per year. Students will also need to budget for books and supplies, which typically amount to $1,008 annually. Other administrative or academic fees are $380 for the year. Additionally, students should plan an estimated $2,604 for other miscellaneous expenses throughout the year. In sum, residents attending Morehead State University full time should expect a total annual cost of $23,114.

Out-of-State Tuition

Undergraduate tuition at Morehead State University is $13,726 for out-of-state students. Additionally, out-of-state students are charged $10,040 for room and board, $1,008 for textbooks and educational resources, plus fees of $380. Students are advised to budget $2,604 for other expenses. When these costs are combined, annual out-of-state charges total $27,758. This figure is 20.1% higher than what Kentucky residents pay.

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

Net Price

The average reported annual net price for Morehead State University for students receiving grants or scholarship aid was $12,498 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 Morehead State University, 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

$12,498

Net Price by Income Morehead State University
Family Income	Net Price Paid
$0 to $30,000	$9,825
$30,001 to $48,000	$9,870
$48,001 to $75,000	$13,087
$75,001 to $110,000	$16,101
$110,000+	$16,191

Financial Aid

99% of full-time undergrad Morehead State 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 $10,117 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 58% of students received Federal Student Loans averaging $5,191 and 6% of undergrads took out private student loans averaging $9,084.

Finanical Aid Morehead State University
Type	Avg./Student	Students Receiving
Total Grant and Scholarship Aid	$10,117	99%
Institutional Grants and Scholarships	$5,974	77%
Pell Grants	$4,789	52%
Other Federal Grants	$1,177	45%
State and Local Grants	$2,824	83%
Federal Student Loans	$5,191	58%
Other Student Loans	$9,084	6%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Morehead State University, we've modeled a ten year student loan with an original principal value of $35,956. The loan balance of $35,956 is a four year multiple of the $8,989 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 $381 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	$35,956
Stafford Loan Interest Rate	4.99%
Time to Pay Off Student Loan	10 years
Example Monthly Payment	$381.19
Total Interest Paid	$9,787.21
Sum of All Loan Payments	$45,743.21

Projected 4 Year Degree Price

4 Year Sticker Price

$92,456

Year	Kentucky Residents	Non Residents
1	$23,114	$27,758
2	$23,433	$28,141
3	$23,756	$28,529
4	$24,084	$28,923

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Morehead State University to be $92,456 - assuming graduation in normal time. The estimation assumes a 1.4% 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 Morehead State University
	Price Per Credit	3 Credit Class	4 Credit Class
Kentucky Residents	$379	$1,137	$1,516
Out of State Residents	$572	$1,716	$2,288

Estimated cost for a class at Morehead State 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 Morehead State University versus other colleges.