Tuition at Mount St. Mary’s University (MSMU) in Maryland is a significant financial consideration for prospective students. This article provides a comprehensive overview of MSMU’s tuition costs, including undergraduate and graduate programs, fees, and financial aid options.
Undergraduate Tuition
MSMU offers a range of undergraduate programs, including Bachelor of Arts, Bachelor of Science, and Bachelor of Science in Nursing degrees. The tuition rates for the 2023-2024 academic year are as follows:
| Category | Tuition |
|---|---|
| Full-time traditional | $43,700 |
| Part-time traditional | $1,240 per credit hour |
| Full-time evening | $39,510 |
| Part-time evening | $1,140 per credit hour |
| Online | $1,145 per credit hour |
Graduate Tuition
MSMU offers a wide variety of graduate programs, including master’s degrees, doctoral degrees, and professional certificates. The tuition rates vary depending on the program of study. For example, the tuition rates for the 2023-2024 academic year for the following programs are:
| Program | Tuition |
|---|---|
| Master of Business Administration (MBA) | $38,500 |
| Master of Science in Nursing (MSN) | $34,500 |
| Doctor of Education (EdD) | $31,000 |
| Doctor of Physical Therapy (DPT) | $37,000 |
Fees
In addition to tuition, students may also be responsible for various fees, including:
- Application fee: $50
- Student activity fee: $350 per semester
- Technology fee: $500 per semester
- Health insurance (for students not covered by parental insurance): $2,000 per year
Financial Aid
MSMU offers a range of financial aid options to help students cover the cost of tuition and fees, including:
- Scholarships: MSMU awards over $30 million in scholarships to undergraduate and graduate students each year. These scholarships are based on academic merit, financial need, and other criteria.
- Grants: MSMU offers a variety of grants to students who demonstrate financial need. These grants do not need to be repaid.
- Loans: MSMU partners with several lenders to offer student loans to students. These loans must be repaid after graduation.
Tips for Saving Money on Tuition
There are a number of ways to save money on tuition at MSMU, including:
- Apply for scholarships and grants: MSMU awards over $30 million in scholarships and grants to students each year. Taking the time to apply for these awards can significantly reduce the cost of tuition.
- Take advantage of tuition assistance programs: MSMU offers a variety of tuition assistance programs for employees and their families, as well as for military veterans and spouses.
- Consider alternative payment plans: MSMU offers several alternative payment plans that can help students spread out the cost of tuition over time.
Common Mistakes to Avoid
There are a number of common mistakes that students make when paying for tuition at MSMU, including:
- Not applying for financial aid: Many students fail to apply for financial aid, even if they believe they are not eligible. MSMU offers a variety of financial aid options, and many students who do not think they qualify may actually be eligible for assistance.
- Borrowing too much money: Students should be careful not to borrow more money than they need. Student loans must be repaid after graduation, and students who borrow too much money may end up with a high debt burden.
- Not understanding the terms of their loans: Students should carefully review the terms of their student loans before they sign on the dotted line. This will help them understand the interest rate, repayment schedule, and other important details.
Conclusion
Tuition at Mount St. Mary’s University is a significant financial consideration for prospective students. However, there are a number of ways to save money on tuition, including applying for scholarships and grants, taking advantage of tuition assistance programs, and considering alternative payment plans. By following these tips, students can reduce the cost of tuition and make a Mount St. Mary’s University education more affordable.
Additional Resources
- Mount St. Mary’s University Tuition and Fees
- Mount St. Mary’s University Financial Aid
- College Board College Costs Calculator