#5 Best Public Universities in Louisiana

ULM Tuition & Cost

Monroe, Louisiana

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How much does it cost to attend?

In State Louisiana Resident Sticker Price
In State Costs for University of Louisiana Monroe
Fee Cost
Books and Supplies$1,300
Other Fees$3,270
Room and Board $9,390
Other Expenses Budget$4,690
Out of State Resident Sticker Price
Out of State Costs for University of Louisiana Monroe
Fee Cost
Books and Supplies$1,300
Other Fees$3,270
Room and Board $9,390
Other Expenses Budget$4,690

In-state tuition at University of Louisiana Monroe for undergraduate students residing in Louisiana is $5,788. Room and board charges total $9,390 per year. Students will also need to budget for books and supplies, which typically amount to $1,300 annually. Other administrative or academic fees are $3,270 for the year. Additionally, students should plan an estimated $4,690 for other miscellaneous expenses throughout the year. In sum, residents attending University of Louisiana Monroe full time should expect a total annual cost of $24,438.

Undergraduate tuition at University of Louisiana Monroe is $17,888 for out-of-state students. Additionally, out-of-state students are charged $9,390 for room and board, $1,300 for textbooks and educational resources, plus fees of $3,270. Students are advised to budget $4,690 for other expenses. When these costs are combined, annual out-of-state charges total $36,538. This figure is 49.5% higher than what Louisiana 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 net price provides a more realistic estimate of the true cost of attending University of Louisiana Monroe, 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 University of Louisiana Monroe
Family Income Net Price Paid
$0 to $30,000$9,638
$30,001 to $48,000$9,414
$48,001 to $75,000$11,384
$75,001 to $110,000$13,028

The average reported annual net price for University of Louisiana Monroe for students receiving grants or scholarship aid was $10,134 in 2019/2020. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

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Financial Aid

98% of full-time undergrad University of Louisiana Monroe received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $11,376 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 46% of students received Federal Student Loans averaging $4,875 and 2% of undergrads took out private student loans averaging $8,688.

Finanical Aid University of Louisiana Monroe
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $11,376 98%
Institutional Grants and Scholarships $6,565 63%
Pell Grants $5,029 46%
Other Federal Grants $453 82%
State and Local Grants $5,306 81%
Federal Student Loans $4,875 46%
Other Student Loans $8,688 2%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to University of Louisiana Monroe, we've modeled a ten year student loan with an original principal value of $31,180. The loan balance of $31,180 is a four year multiple of the $7,795 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 $331 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 $31,180
Stafford Loan Interest Rate 4.99%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $330.56
Total Interest Paid $8,487.19
Sum of All Loan Payments $39,667.19

Projected 4 Year Degree Price

4 Year Sticker Price
Year Louisiana Residents Non Residents
1 $24,438 $36,538
2 $26,149 $39,096
3 $27,979 $41,832
4 $29,938 $44,761

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at University of Louisiana Monroe to be $97,752 - assuming graduation in normal time. The estimation assumes a 7% annual increase over the next 4 years which is the national trend.

Credit Hour Cost and Price per Class

Credit Hour and Class Costs at University of Louisiana Monroe
Price Per Credit 3 Credit Class 4 Credit Class
Louisiana Residents $283 $849 $1,132
Out of State Residents $451 $1,353 $1,804

Estimated cost for a class at University of Louisiana Monroe 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 University of Louisiana Monroe versus other colleges.

Tuition Payment Plans Available

University of Louisiana Monroe Payment Plans
Tuition Payment Plan Yes
Prepaid Tuition Plan No
Alternative Tuition Plan Yes
Guaranteed Tuition Plan No
Costs for Similar Colleges 

Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=159993 IPEDS survey data for University of Louisiana Monroe.