#15 Best Private Colleges in North Carolina

Mount Olive College Tuition & Cost

Mount Olive, North Carolina

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How much does it cost to attend?

Sticker Price
Costs for Mount Olive College
Fee Cost
Books and Supplies$1,350
Other Fees$1,000
Room and Board $9,170
Other Expenses Budget$2,000

Annual Prices

The annual list price to attend Mount Olive College on a full time basis for 2021/2022 is $35,138 for all students regardless of their residency. This fee is comprised of $21,618 for tuition, $9,170 room and board, $1,350 for books and supplies and $1,000 for other fees. Out of state tuition for Mount Olive College is $21,618, the same as North Carolina residents.

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

Net Price

Net price is indicative of what it actually costs to attend Mount Olive College 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 Mount Olive College
Family Income Net Price Paid
$0 to $30,000$14,460
$30,001 to $48,000$13,370
$48,001 to $75,000$16,682
$75,001 to $110,000$17,457

The average reported annual net price for Mount Olive College for students receiving grants or scholarship aid was $14,805 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

99% of full-time undergrad Mount Olive 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 $17,250 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 77% of students received Federal Student Loans averaging $4,923 and 6% of undergrads took out private student loans averaging $7,557.

Finanical Aid Mount Olive College
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $17,250 99%
Institutional Grants and Scholarships $10,644 95%
Pell Grants $4,781 58%
Other Federal Grants $1,643 80%
State and Local Grants $5,072 58%
Federal Student Loans $4,923 77%
Other Student Loans $7,557 6%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Mount Olive College, we've modeled a ten year student loan with an original principal value of $72,980. The loan balance of $72,980 is a four year multiple of the $18,245 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 $696 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 $72,980
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $696.31
Total Interest Paid $10,577.16
Sum of All Loan Payments $83,557.16

Projected 4 Year Degree Price

4 Year Sticker Price
Year All Residents
1 $35,138
2 $36,106
3 $37,101
4 $38,124

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Mount Olive College to be $140,552 - 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 Mount Olive College
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $455 $1,365 $1,820

Estimated cost for a class at Mount Olive 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 Mount Olive College versus other colleges.

Tuition Payment Plans Available

Mount Olive College 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=199069 IPEDS survey data for Mount Olive College.