Francis Marion University - Net Price, Tuition, Cost to Attend, Financial Aid and Student Loans

How much does it cost to attend?

In State South Carolina Resident Sticker Price

$24,351

In State Costs for Francis Marion University
Fee	Cost
Tuition	$10,384
Books and Supplies	$1,245
Other Fees	$776
Room and Board	$8,230
Other Expenses Budget	$3,716

Out of State Resident Sticker Price

$34,735

Out of State Costs for Francis Marion University
Fee	Cost
Tuition	$20,768
Books and Supplies	$1,245
Other Fees	$776
Room and Board	$8,230
Other Expenses Budget	$3,716

In-state tuition at Francis Marion University for undergraduate students residing in South Carolina is $10,384. Room and board charges total $8,230 per year. Students will also need to budget for books and supplies, which typically amount to $1,245 annually. Other administrative or academic fees are $776 for the year. Additionally, students should plan an estimated $3,716 for other miscellaneous expenses throughout the year. In sum, residents attending Francis Marion University full time should expect a total annual cost of $24,351.

Undergraduate tuition at Francis Marion University is $20,768 for out-of-state students. Additionally, out-of-state students are charged $8,230 for room and board, $1,245 for textbooks and educational resources, plus fees of $776. Students are advised to budget $3,716 for other expenses. When these costs are combined, annual out-of-state charges total $34,735. This figure is 42.6% higher than what South Carolina 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 Francis Marion 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

$12,380

Net Price by Income Francis Marion University
Family Income	Net Price Paid
$0 to $30,000	$11,137
$30,001 to $48,000	$11,390
$48,001 to $75,000	$14,178
$75,001 to $110,000	$15,960
$110,000+	$16,989

The average reported annual net price for Francis Marion University for students receiving grants or scholarship aid was $12,380 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 Francis Marion 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 $10,625 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 67% of students received Federal Student Loans averaging $6,009 and 2% of undergrads took out private student loans averaging $7,476.

Finanical Aid Francis Marion University
Type	Avg./Student	Students Receiving
Total Grant and Scholarship Aid	$10,625	99%
Institutional Grants and Scholarships	$5,914	41%
Pell Grants	$5,134	63%
Other Federal Grants	$887	72%
State and Local Grants	$4,637	91%
Federal Student Loans	$6,009	67%
Other Student Loans	$7,476	2%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Francis Marion University, we've modeled a ten year student loan with an original principal value of $65,068. The loan balance of $65,068 is a four year multiple of the $16,267 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 $690 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	$65,068
Stafford Loan Interest Rate	4.99%
Time to Pay Off Student Loan	10 years
Example Monthly Payment	$689.83
Total Interest Paid	$17,711.49
Sum of All Loan Payments	$82,779.49

Projected 4 Year Degree Price

4 Year Sticker Price

$97,404

Year	South Carolina Residents	Non Residents
1	$24,351	$34,735
2	$24,599	$35,089
3	$24,850	$35,447
4	$25,104	$35,809

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Francis Marion University to be $97,404 - assuming graduation in normal time. The estimation assumes a 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 Francis Marion University
	Price Per Credit	3 Credit Class	4 Credit Class
South Carolina Residents	$519	$1,557	$2,076
Out of State Residents	$1,038	$3,114	$4,152

Estimated cost for a class at Francis Marion 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 Francis Marion University versus other colleges.