#22 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$265
Room and Board $8,602
Other Expenses Budget$4,154

Annual Prices

The annual list price to attend McMurry University on a full time basis for 2018/2019 is $41,375 for all students regardless of their residency. This fee is comprised of $27,154 for tuition, $8,602 room and board, $1,200 for books and supplies and $265 for other fees. Out of state tuition for McMurry University is $27,154, the same as Texas residents.

All price data is sourced from the 2018/2019 U.S. Department of Education National Center for Education Statistics survey.
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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 2017/2018
Net Price by Income McMurry University
Family Income Net Price Paid
$0 to $30,000$19,198
$30,001 to $48,000$19,845
$48,001 to $75,000$22,614
$75,001 to $110,000$24,970

The average reported annual net price for McMurry University for students receiving grants or scholarship aid was $22,991 in 2017/2018. 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

Finanical Aid McMurry University
Type Avg./Student Students Receiving
Annual Total Grant Aid $16,151 98%
Pell Grant $4,348 51%
Federal Student Loan $5,921 84%

The average reported annual net price for McMurry University for students receiving grants or scholarship aid was $22,991 in 2017/2018.

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 $751 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 4.529%.

Example Loan $72,336
Stafford Loan Interest Rate 4.5%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $750.69
Total Interest Paid $17,746.85
Sum of All Loan Payments $90,082.85

Projected 4 Year Degree Price

4 Year Sticker Price
Year All Residents
1 $41,375
2 $42,742
3 $44,154
4 $45,612

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 $165,500 - assuming graduation in normal time. The estimation assumes a 3.3% 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 $848 $2,544 $3,392

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.