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Annual Costs

Undergraduate Tuition

Tuition for Brown Mackie College Michigan City is $11,304 for the 2015/2016 academic year. This is 26% cheaper than the national average private for-profit four year college tuition of $15,233. The cost is 42% cheaper than the average Indiana tuition of $19,542 for 4 year colleges. Tuition ranks 20th in Indiana amongst 4 year colleges for affordability and is the 52nd most expensive 4 year college in the state. Price does not vary by residence.

The school charges an additional fees of $819 in addition to tuition bringing the total effective in-state tuition to $12,123.

Housing Costs

Brown Mackie College Michigan City doesn't offer on campus housing. If you're not living with family you will need to budget for food and housing in the Michigan City area just like you would for a college with dorms. The estimated rent and meal expense per academic year for off campus housing is $6,358.

Books and Supplies

The estimated annual cost for books and supplies is $603.

Other Living Expenses

Off-campus students should budget for $0 in other miscellaneous living expenses.

Total Costs

The annual tuition and living expense budget to go to Brown Mackie College-Michigan City was $19,084 for the 2015/2016 academic year. The cost is the same for all students regardless of Indiana residence status as there is no in-state discount. Students residing at home with parents providing food and housing can expect a total cost of $12,726.

Citation: Price data from the U.S. Department of Education's 2015-2016 and 2014-2015 IPEDS survey response for Brown Mackie College Michigan City and represent reported costs for the 2015-2016 and 2014-2015 academic years.

Costs and Tuition for Brown Mackie College Michigan City
Estimated Budgets
Indiana Resident Total Budget (Living Off Campus)$19,084
   In-State Tuition$11,304
   Other Fees$819
   Off-Campus Housing Budget$6,358
   Off-Campus Other Budget$0
   Books and Supplies$603
Indiana Resident Total Budget (Living with Parents)$12,726
   In-State Tuition$11,304
   Other Fees$819
   Family Provided Room and Board$0
   With-Family Other Living Budget$0
   Books and Supplies$603
Non-Resident Total Budget (Living Off Campus)$19,084
   Out-of-State Tuition$11,304
   Other Fees$819
   Off-Campus Housing Budget$6,358
   Off-Campus Other Budget$0
   Books and Supplies$603

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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 $19,084 published price if scholarship or grant aid is made available to you.

Net Price

The net out-of-pocket total cost you end up paying or financing though student loans is known as the net price. The reported Brown Mackie College-Michigan City net price for in-state students is $18,860* for the 2014/2015 academic year. This net price includes housing and meal expenses.

Pell Grants and other Grant Aid

98% of Brown Mackie College Michigan City students received grant aid in 2014/2015. The average total aid amount was $4,946. 88 percent of students received aid in the form of Pell Grants from the U.S. Federal Government. The average Pell Grant awarded for 2014/2015 was $5,067. To apply for a Pell Grant to attend Brown Mackie College Michigan City, the first step is to fill out the Free Application for Federal Student Aid (FAFSA).

Net Price and Financial Aid for Brown Mackie College Michigan City
Financial Aid Summary
Average Annual Net Price$18,860*
Percent of Students Receiving Grant Aid98%
Average Total Grant Aid$4,946
Percent of Students Receiving Pell Grants88%
Average Amount of Pell Grant Aid$5,067

Average Net Price by Family Income

The average net total cost of attendance for different levels of family income after federal, state or local government, institutional grant and scholarship aid are awarded. Data last published for the 2014/2015 academic year.

Family Income Avg. Net Price
$0 to $30,000$18,463
$30,001 to $48,000$20,125
$48,001 to $75,000n/a
$75,001 to $110,000$23,955
$110,000+n/a

Average Financial Aid Mix - $19,084 In-State Total Cost

CollegeCalc has estimated typical coverage of the annual in-state tuition and living expenses of $19,084. Breakdown is based on average grant aid and federal loan aid which will vary based on your family income.

26%
41%
33%

Grants and Scholarships

 26% - $4,946

Money granted to you by the U.S. Department of Education, Brown Mackie College Michigan City or other organizations. These are not loans and do not need to be repaid.

Federal Loans

 41% - $7,760

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

Out of Pocket

 33% -  $6,378

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


*Reported Average Annual Net Price for students receiving grant or scholarship aid reported to the U.S. Department of Education's Academic Year 2014-2015 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.

Tuition Comparison to Similar Private Colleges in the Region

School Cost vs. Brown Mackie College Michigan City
Brown Mackie College Merrillville4.1% more expensive
University of Phoenix Northwest Indiana Campus19.4% less expensive
ITT Technical Institute Merrillville57% more expensive
Westwood College River Oaks33.7% more expensive
Brown Mackie College South Bend4.1% more expensive

Cost of a Degree

When considering ability to pay for college, 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 Brown Mackie College Michigan City.

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 Brown Mackie College-Michigan City is $76,336 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 $23,341 in-state net price as the basis. Applying this cost over 4 would estimate the cost of a degree at $93,364**

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 $95,420 or $116,705 using an average net price.

**Based on a 4 year multiple of Average Annual Net Price for students receiving grant or scholarship aid reported to the U.S. Department of Education's 2014-2015 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

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. 86% of Brown Mackie College Michigan City students receive U.S. Federal Student Loans with an average annual Federal Loan aid amount of $7,760.

Example Loan Payments and Costs

How much are student loan payments for Brown Mackie College Michigan City? 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 $93,364, 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 $114,982.36. This could be your effective total out of pocket cost of an education at Brown Mackie College Michigan City. Note that this calculation assumes you don't pay full list price tuition, are part of the reported 98% of students at this school who receive financial aid and you are paying an average annual net price of $23,341. If you do not financially qualify for a reduced net price, your student loan payments could be significantly higher than this example. Use our Brown Mackie College Michigan City 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.

Brown Mackie College Michigan City Student Loan Payments
Example Payments
Monthly Loan Payment$958.19
Amount Borrowed$93,364.00
Interest Rate4.3%
Term10 years
Number of Monthly Payments120
Total Interest Cost$21,618.36
Sum of All Payments over 10 years$114,982.36

Affording Student Loan Payments and Post Graduation Salary

Can I afford to attend Brown Mackie College-Michigan City? 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 Brown Mackie College Michigan City, 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 $114,982.36 would be needed to afford a $958.19 monthly payment in the example $93,364.00 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.

Estimated Future Cost and Expected Tuition Increase

What will it cost to send your child to Brown Mackie College Michigan City in the future? In the past four years, this school's published in-state tuition and fee total rose from $10,568 to $11,304. This amounts to an average annual price increase of 1.7%. 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 4 year cost of $76,336.00. 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 Brown Mackie College Michigan City.

Annual4 Year Degree
Estimated Cost in 5 years for students enrolling in 2022$26,245$104,980
Estimated Cost in 10 years for students enrolling in 2027$33,496$133,984
Estimated Cost in 15 years for students enrolling in 2032 $42,750$171,001
Estimated Cost in 18 years for students enrolling in 2035 $49,489$197,955

Comparable Cost for Popular Majors

We've compared the out of state cost of the most popular undergraduate areas of study at Brown Mackie College Michigan City to the national average for all other colleges offering the same major. Use this comparison to determine particular programs where this school offers value relative to other colleges.

Area of Study Graduates vs National Avg
Criminal Justice/Safety Studies Associate's Degree 20 2% costlier
Surgical Technology/Technologist Associate's Degree 20 1% costlier
Medical/Clinical Assistant Associate's Degree 19 6% cheaper
Veterinary/Animal Health Technology/Technician and Veterinary Assistant Associate's Degree 17 4% cheaper
Medical Office Management/Administration Associate's Degree 9 1% cheaper
Business/Commerce, General Associate's Degree 7 9% cheaper
Accounting Technology/Technician and Bookkeeping Associate's Degree 6 0% costlier
Data Entry/Microcomputer Applications, General Associate's Degree 5 2% cheaper
Business Administration and Management, General Bachelor's Degree 4 41% cheaper
Massage Therapy/Therapeutic Massage Associate's Degree 3 8% cheaper
Legal Assistant/Paralegal Associate's Degree 3 5% cheaper
Education/Teaching of Individuals in Early Childhood Special Education Programs Associate's Degree 2 2% cheaper
Computer and Information Sciences and Support Services, Other Associate's Degree 1 13% cheaper

Calculators

Use the calculators below to formulate a college savings plan for Brown Mackie College Michigan City or model a student loan.

College Savings Calculator

Plan and Save for College

Discover how much will you need to start saving now to afford Brown Mackie College Michigan City in the future.

Student Loan Calculator

Estimate Loan Payments

Modify the loan assumptions to fit your financial situation and likely tuition price. Then calculate your payoff and loan payments for a Brown Mackie College Michigan City student loan.

Prepayment Option

About Brown Mackie College Michigan City

Brown Mackie College Michigan City is a four year private college located in Michigan City, Indiana.  Full time enrollment is 38 and part time is 0.  Brown Mackie College Michigan City has an open admission policy meaning that any prospective student who has completed high school or attained a GED certificate may enroll in classes.

Only undergraduate degrees are offered at this school.

Address
Brown Mackie College Michigan City
325 E US Hwy 20
Michigan City, Indiana
46360-7362

For Profit / Not For Profit Status

Brown Mackie College Michigan City is a private, for profit school.

Brown Mackie College Michigan City cost and financial aid data source: U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=151625 IPEDS survey data.

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