#7 Best Public Universities in Kentucky

Morehead State University Tuition & Cost

Morehead, Kentucky

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How much does it cost to attend?

In State Kentucky Resident Sticker Price
In State Costs for Morehead State University
Fee Cost
Books and Supplies$1,440
Other Fees$320
Room and Board $9,490
Other Expenses Budget$2,612
Out of State Resident Sticker Price
Out of State Costs for Morehead State University
Fee Cost
Books and Supplies$1,440
Other Fees$320
Room and Board $9,490
Other Expenses Budget$2,612

Residents of Kentucky pay an annual total price of $22,832 to attend Morehead State University on a full time basis. This fee is comprised of $8,970 for tuition, $9,490 room and board, $1,440 for books and supplies and $320 for other fees.

Out of state residents are charged a total cost of $27,418 which is 20.1% higher than Kentucky residents. The tuition charge is $13,556 while room and board is $9,490, books and supplies are $1,440 and other fees come in at $320.

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 Morehead State University when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2018/2019
Net Price by Income Morehead State University
Family Income Net Price Paid
$0 to $30,000$10,029
$30,001 to $48,000$11,086
$48,001 to $75,000$12,967
$75,001 to $110,000$15,993

The average reported annual net price for Morehead State University for students receiving grants or scholarship aid was $12,560 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

98% 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 $9,565 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 66% of students received Federal Student Loans averaging $5,237 and 6% of undergrads took out private student loans averaging $8,717.

Finanical Aid Morehead State University
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $9,565 98%
Institutional Grants and Scholarships $5,894 74%
Pell Grants $4,671 54%
Other Federal Grants $741 16%
State and Local Grants $2,758 86%
Federal Student Loans $5,237 66%
Other Student Loans $8,717 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 $343 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 $35,956
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $343.06
Total Interest Paid $5,211.19
Sum of All Loan Payments $41,167.19

Projected 4 Year Degree Price

4 Year Sticker Price
Year Kentucky Residents Non Residents
1 $22,832 $27,418
2 $23,473 $28,188
3 $24,132 $28,979
4 $24,809 $29,792

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 $91,328 - assuming graduation in normal time. The estimation assumes a 2.8% 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 $374 $1,122 $1,496
Out of State Residents $565 $1,695 $2,260

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.

Tuition Payment Plans Available

Morehead State University 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=157386 IPEDS survey data for Morehead State University.