#16 Best Private Colleges in Texas

McMurry University Tuition & Cost

Abilene, Texas

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How much does it cost to attend?

Sticker Price
Costs for McMurry University
Fee Cost
Books and Supplies$1,200
Other Fees$300
Room and Board $8,878
Other Expenses Budget$5,056

Annual Prices

The annual list price to attend McMurry University on a full time basis for 2020/2021 is $43,964 for all students regardless of their residency. This fee is comprised of $28,530 for tuition, $8,878 room and board, $1,200 for books and supplies and $300 for other fees. Out of state tuition for McMurry University is $28,530, the same as Texas residents.

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 McMurry University 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 McMurry University
Family Income Net Price Paid
$0 to $30,000$17,835
$30,001 to $48,000$19,077
$48,001 to $75,000$22,881
$75,001 to $110,000$24,382

The average reported annual net price for McMurry University for students receiving grants or scholarship aid was $20,963 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 McMurry 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 $20,760 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 93% of students received Federal Student Loans averaging $5,790 and 4% of undergrads took out private student loans averaging $10,824.

Finanical Aid McMurry University
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $20,760 99%
Institutional Grants and Scholarships $15,366 98%
Pell Grants $5,009 60%
Other Federal Grants $1,048 69%
State and Local Grants $3,775 50%
Federal Student Loans $5,790 93%
Other Student Loans $10,824 4%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to McMurry University, we've modeled a ten year student loan with an original principal value of $72,336. The loan balance of $72,336 is a four year multiple of the $18,084 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 2.75%.

Example Loan $72,336
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $690.17
Total Interest Paid $10,483.83
Sum of All Loan Payments $82,819.83

Projected 4 Year Degree Price

4 Year Sticker Price
Year All Residents
1 $43,964
2 $44,975
3 $46,009
4 $47,067

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at McMurry University to be $175,856 - assuming graduation in normal time. The estimation assumes a 2.3% 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 McMurry University
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $892 $2,676 $3,568

Estimated cost for a class at McMurry 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 McMurry University versus other colleges.

Tuition Payment Plans Available

McMurry 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=226587 IPEDS survey data for McMurry University.