Tuition and Cost to Attend Henderson State University

Annual Total Cost

The total list price cost for in-state Arkansas residents to go to Henderson State University was $14,658 for the 2013/2014 academic year. Out-of-state students who don't possess Arkansas residence can expect a one year cost of $20,778. The components to this cost are detailed below.

Undergraduate Tuition

Henderson State University tuition is $5,730 per year for in-state residents. This is 8% cheaper than the national average public four year tuition of $6,256. The cost is $6,407 and 53% cheaper than the average Arkansas tuition of $12,137 for 4 year colleges. Tuition ranks 7th in Arkansas amongst 4 year colleges for affordability and is the 20th most expensive 4 year college in the state. If you're attending from out-of-state, the tuition is $11,850 which represents a 107% premium.

The school charges an additional "other" fee of $1,850 in addition to tuition bringing the total effective in-state tuition to $7,580.

Housing Costs

On campus room and board is provided by the school at a cost of $5,878 per year. If you elect to live off campus elsewhere in Arkadelphia, you should budget at least this amount.

Books and Supplies

The estimated annual cost for books and supplies is $1,200.

Cost Itemization

Costs and Tuition Detail for Henderson State University
Expenditure Price
Arkansas Resident Total Cost$14,658
Non-Resident Total Cost$20,778
   In-State Tuition$5,730
   Out-of-State Tuition$11,850
   Other Fees$1,850
   Room and Board$5,878
   Books and Supplies$1,200

All price data are reprinted from the U.S. Department of Education's 2013-2014 and 2012-2013 IPEDS Survey and represent reported costs for the 2013-2014 and 2012-2013 academic years.

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What it Really Costs

Depending on many factors including student and parent income and assets, the total cost of attendance may be less than the $14,658 published price if scholarship or grant aid is made available to you.

Net Price

The net out of pocket price you end up paying or financing though student loans is known as the net price. The reported Henderson State University net price for in-state students receiving aid was $7,986* for the 2010/2011 academic year.

Pell Grants and other Grant Aid

91% of Henderson State University students received grant aid in 2010/2011 to help defray the cost of tuition. The average total aid amount was $7,865. 54 percent of students received aid in the form of Pell Grants from the U.S. Federal Government. The average Pell Grant awarded for 2010/2011 was $4,499. To apply for a Pell Grant to attend Henderson State University, the first step is to fill out the Free Application for Federal Student Aid (FAFSA).

Net Price and Financial Aid for Henderson State University
Financial Aid Summary
Average Annual Net Price$7,986*
Percent of Students Receiving Grant Aid91%
Average Total Grant Aid$7,865
Percent of Students Receiving Pell Grants54%
Average Amount of Pell Grant Aid$4,499

Average Financial Aid Mix - $14,658 In-State Total Cost

Estimated coverage of the annual in-state tuition and living expenses of $14,658. Breakdown is based on average grant aid and federal loan aid which will vary based on your family income.

7865
7436
-643

 54% - $7,865

Grants and Scholarships

Money granted to you by the U.S. Department of Education or Henderson State University. These are not loans and do not need to be repaid.

 51% - $7,436

Federal Loans

Low interest student loans funded by the U.S. Department of Education. This amount will need to be repaid.

 -4% -  ($643)

Out of Pocket

Covered by family savings, work or private student loans which you will have to repay.

*Reported Average Annual Net Price for in state students receiving grant or scholarship aid reported to the U.S. Department of Education's 2011-2012 IPEDS Survey. Financial aid is only available to those who qualify. Consult this school's net price calculator for further understanding of your potential net price.

Note that for colleges with no reported on-campus room and board, the average net price has been increased to account for living expenses. This number may not only reflect the net price paid to the school for tuition.


Cost of a Degree

When considering the cost to go to Henderson State University, the annual cost is often discussed but it's the "all in" multi-year degree cost which matters in the end. Let's take a look at what it could really cost for four years at Henderson State University.

Estimated 4 Year Cost at Published Tuition

At the current published rates, an estimated total tuition, fees and living expense price for a 4 year bachelor's degree at Henderson State University is $58,632 for students graduating in normal time. This methodology for estimating the 4 year cost is a straight multiple of the most recent reported annual total cost and does not factor in tuition increases during the time you're in school. It also assumes you receive no grant or scholarship aid and pay the full list price.

A potentially more accurate but less conservative estimate of a degree cost can be made by using the school's annual $7,986 in-state net price as the basis. Applying this cost over 4 would estimate the cost of a degree at $31,944**

If you end up on the "five year plan" and need an additional year to graduate, your five year cost could be as high as $73,290 or $39,930 using an average net price.

**Based on a 4 year multiple of Average Annual Net Price for in state students receiving grant or scholarship aid reported to the U.S. Department of Education's 2011-2012 IPEDS Survey. Financial aid is only available to those who qualify. Consult this school's net price calculator for further understanding of your potential net price.

Other Costs

Estimated Cost Per Semester

Most colleges don't charge students on an annual basis but instead require payment semester by semester. If you ever need to take an additional semester of classes to complete you degree you shouldn't have to pay for a full academic year. These our estimated costs for a semester at Henderson State University.

Arkansas Resident Tuition Per Semester$2,865
Arkansas Resident Total Cost Per Semester$7,329
Non-Arkansas Resident Tuition Per Semester$5,925
Non-Arkansas Resident Total Cost Per Semester$10,389

Cost Per Credit Hour and Cost for a Class

Some schools offer the ability to take single classes by paying on a per credit hour basis. The reported price per credit hour and estimated cost for one class at Henderson State University are as follows. Per credit costs are for reference only as many schools will not allow students to pay by credit hour.

Cost per credit hour and per class at Henderson State University
Price per credit hour for Arkansas residents$187
Cost for one class for Arkansas residents (3 credit hours)$561
Price per credit hour for out of state residents$374
Cost for one class for out of state residents (3 credit hours)$1,122
Cost for one class for out of state residents (4 credit hours)$1,496

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Student Loans and Debt

The second consideration after understanding the cost of college is determining how to finance it. Some students are fortunate enough to have some form of family financial assistance, but student loans end up financing a significant portion of higher education in the U.S. 58% of Henderson State University students receive U.S. Federal Student Loans with an average annual Federal Loan aid amount of $7,436.

Example Loan Payments and Costs

How much are student loan payments for Henderson State University? Obviously this varies based on a number of factors - offsetting financial aid you receive, percentage of fee you pay upfront while enrolled and the interest rate on your loans. We've modeled a sample student loan based on current Stafford loan rates to give you an approximate idea.

The following are the costs for a loan if you borrowed $31,944, 100% of the estimated average net price for a four year program and paid nothing while enrolled. The total of all payments including interest would sum $40,023.82. This could be your effective total out of pocket cost of an education at Henderson State University. Note that this calculation assumes you don't pay full list price tuition, are part of the reported 91% of students at this school who receive financial aid and you are paying an average annual net price of $7,986. If you do not financially qualify for a reduced net price, your student loan payments could be significantly higher than this example. Use our Henderson State University student loan calculator below to change loan assumptions and recalculate.

Student loans are not free money and must be repaid. You cannot dismiss student loans by via bankruptcy.

Henderson State University Student Loan Payments
Example Payments
Monthly Loan Payment$333.53
Amount Borrowed$31,944.00
Interest Rate4.7%
Term10 years
Number of Monthly Payments120
Total Interest Cost$8,079.82
Sum of All Payments over 10 years$40,023.82

Affording Student Loan Payments and Post Graduation Salary

Can I afford to attend Henderson State University? In the end, the answer comes down a determination if you will earn enough to comfortably pay back a student loan with your post graduation salary. This is an extremely important point to consider. In order to afford student loan payments and still meet all your other costs of living, it is recommended not to borrow more than you can pay back using 10% of your monthly income earned after graduation. If you're considering attending Henderson State University, you need to carefully consider if it will be realistic to make the post graduation loan payments based on your expected salary.

Using the 10% of salary threshold, an annual income of $40,023.82 would be needed to afford a $333.53 monthly payment in the example $31,944.00 loan modeled above. You will need to determine if it is at all realistic that you will be earning this type of salary after graduation. This assumes a loan payback over 10 years. You can change the terms of this example loan using the student loan calculator below.

For Profit / Not For Profit Status

Henderson State University is a public not for profit institution. Public schools often represent the best value for your education dollar, especially when students qualify for in-state tuition.

Estimated Future Cost and Expected Tuition Increase

What will it cost to send your child to Henderson State University in the future? In the past five years, this school's published in-state tuition and fee total rose from $4,228 to $7,010. This amounts to an average annual price increase of 13.2%. Nationally, university tuition prices are rising around 5% per year. Looking out five, ten, fifteen or eighteen years, these are CollegeCalc's estimates how much you could expect to pay for a 4 year degree assuming tuition increases at the national average rate. Estimated future prices are based on the current in-state 4 year cost of $58,632.00. Use the college savings plan calculator below to perform a more comprehensive analysis on future costs and how much you will need to save for Henderson State University.

Annual4 Year Degree
Estimated Cost in 5 years for students enrolling in 2019$20,158$80,633
Estimated Cost in 10 years for students enrolling in 2024$25,727$102,910
Estimated Cost in 15 years for students enrolling in 2029 $32,836$131,342
Estimated Cost in 18 years for students enrolling in 2032 $38,011$152,045

Tuition History

What was tuition at Henderson State University five, ten, fifteen or twenty years ago? Hop into our time machine and take a look. Pay attention to how aggressive the school has been with price increases the past as it provides indication as to how the school may raise tuition in the next few years if you enrolled. Historical tuition and fees for all available data years back to 1988 follows.

YearIn-StateOut-of-stateAnnual Increase
2010$5,083$9,163 2.9%
2009$4,939$8,875 5.8%
2008$4,667$8,363 10.6%
2007$4,220$7,748 3.8%
2006$4,067$7,577 -1.3%
2005$4,121$7,761 7.6%
2004$3,829$7,209 17.7%
2003$3,252$6,204 8.1%
2002$3,009$5,745 8.4%
2001$2,777$5,297 11.7%
2000$2,486$4,766 6.4%
1999$2,337$4,473 18%
1998$1,980$3,960 -2.6%
1997$2,032$3,892 2.4%
1996$1,984$3,808 5.1%
1995$1,888$3,616 15.1%
1994$1,640$3,200 5.8%
1993$1,550$3,000 10.7%
1992$1,400$2,800 9.4%
1991$1,280$2,480 4.9%
1990$1,220$2,420 14%
1989$1,070$2,120 1.9%
1988$1,050$2,096 17.7%
1987$892$1,784

Cost for Popular Majors

Below are the most popular undergraduate areas of study at Henderson State University ranked by degrees conferred during the 2010/2011 academic year along with their estimated total program cost. Please consult the school's website for further information as actual costs for specific program may vary. Price estimates assume graduation in normal time. Our methodology for estimating these costs is a two or four year multiple of the current one year tuition and living cost of $14,658. Associates degrees are assumed to be completed in two years and bachelors degrees are assumed to take four years.

Area of Study Graduates Estimated Degree + Living Expense Cost
Business/Commerce, General Bachelor's Degree 56 $58,632
4 year estimate
General Studies Bachelor's Degree 49 $58,632
4 year estimate
Early Childhood Education and Teaching Bachelor's Degree 37 $58,632
4 year estimate
Psychology, General Bachelor's Degree 34 $58,632
4 year estimate
Biology/Biological Sciences, General Bachelor's Degree 26 $58,632
4 year estimate
Parks, Recreation and Leisure Facilities Management, General Bachelor's Degree 22 $58,632
4 year estimate
Registered Nursing/Registered Nurse Bachelor's Degree 22 $58,632
4 year estimate
Junior High/Intermediate/Middle School Education and Teaching Bachelor's Degree 22 $58,632
4 year estimate
Accounting Bachelor's Degree 18 $58,632
4 year estimate
Physical Education Teaching and Coaching Bachelor's Degree 16 $58,632
4 year estimate
Family and Consumer Sciences/Human Sciences, General Bachelor's Degree 13 $58,632
4 year estimate
Physics, General Bachelor's Degree 13 $58,632
4 year estimate
Airline/Commercial/Professional Pilot and Flight Crew Bachelor's Degree 12 $58,632
4 year estimate
English Language and Literature, General Bachelor's Degree 11 $58,632
4 year estimate
Social Work Bachelor's Degree 10 $58,632
4 year estimate
Political Science and Government, General Bachelor's Degree 10 $58,632
4 year estimate
Sociology Bachelor's Degree 10 $58,632
4 year estimate
Art/Art Studies, General Bachelor's Degree 9 $58,632
4 year estimate
Journalism Bachelor's Degree 9 $58,632
4 year estimate
History, General Bachelor's Degree 7 $58,632
4 year estimate
Social Science Teacher Education Bachelor's Degree 5 $58,632
4 year estimate
Communication, General Bachelor's Degree 4 $58,632
4 year estimate
Spanish Language and Literature Bachelor's Degree 4 $58,632
4 year estimate
Chemistry, General Bachelor's Degree 3 $58,632
4 year estimate
Public Administration Bachelor's Degree 3 $58,632
4 year estimate
Drama and Dramatics/Theatre Arts, General Bachelor's Degree 3 $58,632
4 year estimate
Music Performance, General Bachelor's Degree 3 $58,632
4 year estimate
Athletic Training/Trainer Bachelor's Degree 3 $58,632
4 year estimate
Management Information Systems, General Bachelor's Degree 3 $58,632
4 year estimate
Computer and Information Sciences, General Bachelor's Degree 3 $58,632
4 year estimate
Business Teacher Education Bachelor's Degree 3 $58,632
4 year estimate
Mathematics, General Bachelor's Degree 2 $58,632
4 year estimate
Music, General Bachelor's Degree 1 $58,632
4 year estimate
Art Teacher Education Bachelor's Degree 1 $58,632
4 year estimate

About Henderson State University

Henderson State University is a four year public college located in Arkadelphia, Arkansas.  Full time enrollment is 3,104 and part time is 670.  For the 2011/2012 school year, the school received 3,222 applicants. 1,981 were admitted and 826 enrolled.

Students attending this school may pursue both undergraduate and graduate degrees.

Learn more about getting in to Henderson State University at CollegeSimply.

Address
Henderson State University
1100 Henderson Street
Arkadelphia, Arkansas
71999-0001

Calculators

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