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#3 Best Private Colleges in Virginia

EMU Tuition & Cost

Harrisonburg, Virginia

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How much does it cost to attend?

Sticker Price
$54,500
Costs for Eastern Mennonite University
Fee Cost
Tuition$38,850
Books and Supplies$1,000
Other Fees$370
Room and Board $11,730
Other Expenses Budget$2,550

Annual Prices

The annual list price to attend Eastern Mennonite University on a full time basis for 2020/2021 is $54,500 for all students regardless of their residency. This fee is comprised of $38,850 for tuition, $11,730 room and board, $1,000 for books and supplies and $370 for other fees. Out of state tuition for Eastern Mennonite University is $38,850, the same as Virginia 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 Eastern Mennonite University when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2019/2020
$22,766
Net Price by Income Eastern Mennonite University
Family Income Net Price Paid
$0 to $30,000$18,600
$30,001 to $48,000$19,832
$48,001 to $75,000$22,330
$75,001 to $110,000$22,962
$110,000+$26,851

The average reported annual net price for Eastern Mennonite University for students receiving grants or scholarship aid was $22,766 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 Eastern Mennonite 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 $28,588 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 69% of students received Federal Student Loans averaging $5,477 and 15% of undergrads took out private student loans averaging $13,310.

Finanical Aid Eastern Mennonite University
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $28,588 98%
Institutional Grants and Scholarships $23,456 98%
Pell Grants $4,911 47%
Other Federal Grants $1,451 47%
State and Local Grants $3,216 63%
Federal Student Loans $5,477 69%
Other Student Loans $13,310 15%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Eastern Mennonite University, we've modeled a ten year student loan with an original principal value of $81,968. The loan balance of $81,968 is a four year multiple of the $20,492 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 $782 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 $81,968
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $782.07
Total Interest Paid $11,879.82
Sum of All Loan Payments $93,847.82

Projected 4 Year Degree Price

4 Year Sticker Price
$218,000
Year All Residents
1 $54,500
2 $56,767
3 $59,129
4 $61,589

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Eastern Mennonite University to be $218,000 - assuming graduation in normal time. The estimation assumes a 4.2% 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 Eastern Mennonite University
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $1,430 $4,290 $5,720

Estimated cost for a class at Eastern Mennonite 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 Eastern Mennonite University versus other colleges.

Tuition Payment Plans Available

Eastern Mennonite 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=232043 IPEDS survey data for Eastern Mennonite University.