#6 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$3,282
Room and Board $8,914
Other Expenses Budget$4,260
Out of State Resident Sticker Price
Out of State Costs for University of Louisiana Monroe
Fee Cost
Books and Supplies$1,300
Other Fees$3,282
Room and Board $8,914
Other Expenses Budget$4,260

Residents of Louisiana pay an annual total price of $23,544 to attend University of Louisiana Monroe on a full time basis. This fee is comprised of $5,788 for tuition, $8,914 room and board, $1,300 for books and supplies and $3,282 for other fees.

Out of state residents are charged a total cost of $35,644 which is 51.4% higher than Louisiana residents. The tuition charge is $17,888 while room and board is $8,914, books and supplies are $1,300 and other fees come in at $3,282.

All price data is sourced from the 2020/2021 U.S. Department of Education National Center for Education Statistics survey.

Net Price

Net price is indicative of what it actually costs to attend University of Louisiana Monroe when typical grants and scholarships are considered. The net price varies by family income and 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 $297 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 $31,180
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $297.49
Total Interest Paid $4,518.99
Sum of All Loan Payments $35,698.99

Projected 4 Year Degree Price

4 Year Sticker Price
Year Louisiana Residents Non Residents
1 $23,544 $35,644
2 $23,805 $36,039
3 $24,069 $36,439
4 $24,336 $36,843

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 $94,176 - assuming graduation in normal time. The estimation assumes a 1.1% 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 University of Louisiana Monroe
Price Per Credit 3 Credit Class 4 Credit Class
Out of State Residents $365 $1,095 $1,460

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

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