Understanding the Overall Cost Breakdown
Clark University, a prestigious private research university in Worcester, Massachusetts, offers students a transformative educational experience. However, prospective students should be aware of the associated costs that come with pursuing a degree from this esteemed institution.
Yearly Tuition and Fees
For the 2023-2024 academic year, undergraduate tuition and fees total $59,800. This figure includes instructional costs, technology fees, student activity fees, and health services. Graduate tuition varies depending on the program; for example, the Master of Business Administration (MBA) program tuition is $54,000 per year.
On-Campus Housing
On-campus housing options range from traditional residence halls to apartment-style living. Room and board costs for the 2023-2024 academic year start at $16,500 for a double occupancy room in a traditional residence hall and can go up to $20,000 for a single-occupancy apartment.
Meal Plans
Meal plans are mandatory for students living on campus. The most basic meal plan costs $2,500 per semester, while the premium plan costs $3,500 per semester.
Estimated Total Cost of Attendance
The estimated total cost of attendance (COA) for the 2023-2024 academic year for undergraduates living on campus is $86,300. This includes tuition and fees, on-campus housing, and a basic meal plan. For graduate students, the estimated COA will vary depending on the program.
Detailed Breakdown of Expenses
Undergraduate Costs
| Expense Category | 2023-2024 Cost |
|---|---|
| Tuition and Fees | $59,800 |
| On-Campus Housing | $16,500 – $20,000 |
| Meal Plan | $2,500 – $3,500 |
| Books and Supplies | $1,000 – $2,000 |
| Personal Expenses | $2,000 – $5,000 |
| Transportation | $1,000 – $2,000 |
| Health Insurance | $1,500 – $2,500 |
Graduate Costs
| Expense Category | MBA Program Cost |
|---|---|
| Tuition and Fees | $54,000 |
| On-Campus Housing | $16,500 – $20,000 |
| Meal Plan | $2,500 – $3,500 |
| Books and Supplies | $1,000 – $2,000 |
| Personal Expenses | $2,000 – $5,000 |
| Transportation | $1,000 – $2,000 |
| Health Insurance | $1,500 – $2,500 |
Financial Aid Options
Clark University provides a wide range of financial aid options to help students and families manage the cost of attendance. These options include:
- Scholarships
- Grants
- Loans
- Work-study programs
According to the College Board, Clark University’s average financial aid award for the 2022-2023 academic year was $32,398.
Common Mistakes to Avoid
When it comes to financing your education at Clark University, there are a few common mistakes to avoid:
- Underestimating the total cost of attendance. Be sure to factor in all expenses, including tuition, fees, housing, meal plans, and personal expenses.
- Applying for financial aid late. The earlier you file your FAFSA (Free Application for Federal Student Aid), the more likely you are to receive the maximum amount of aid.
- Not exploring all financial aid options. There are many different types of financial aid available, so be sure to explore all of your options before making a decision.
Conclusion
Attending Clark University is an investment in your future, both financially and academically. By understanding the costs involved and exploring the various financial aid options available, you can make an informed decision about whether this prestigious institution is the right fit for you.
