Tuition and Cost to Attend Miller Motte College

Annual Total Cost

The annual total list price cost to go to Miller Motte College was $20,301 for the 2013/2014 academic year. The cost is the same for all students regardless of North Carolina residence status as there is no in-state discount. The breakdown of this total cost is detailed as follows.

Undergraduate Tuition

Tuition for Miller Motte College is $9,180 for the 2013/2014 academic year. This is 34% cheaper than the national average private for-profit two year college tuition of $13,859. The cost is $5,909 and 181% more expensive than the average North Carolina tuition of $3,271 for 2 year colleges. Tuition ranks 59th in North Carolina amongst 2 year colleges for affordability and is the 8th most expensive 2 year college in the state. Price does not vary by residence.

The school charges an additional "other" fee of $900 in addition to tuition bringing the total effective in-state tuition to $10,080.

Housing Costs

Miller Motte College doesn't provide on campus housing, however unless you're living with family you will need to budget for food and housing near Jacksonville just like you would for a college with dorms. The estimated room and board expense for academic year for off campus housing is $8,271.

Books and Supplies

The estimated annual cost for books and supplies is $1,950.

Cost Itemization

Costs and Tuition Detail for Miller Motte College
Expenditure Price
North Carolina Resident Total Cost$20,301
Non-Resident Total Cost$20,301
   In-State Tuition$9,180
   Out-of-State Tuition$9,180
   Other Fees$900
   Off-Campus Housing Estimate$8,271
   Books and Supplies$1,950

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.

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 $20,301 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 Miller Motte College net price for in-state students receiving aid was $20,121* for the 2010/2011 academic year.

Pell Grants and other Grant Aid

77% of Miller Motte College students received grant aid in 2010/2011 to help defray the cost of tuition. The average total aid amount was $4,817. 77 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 $4,841. To apply for a Pell Grant to attend Miller Motte College, the first step is to fill out the Free Application for Federal Student Aid (FAFSA).

Net Price and Financial Aid for Miller Motte College
Financial Aid Summary
Average Annual Net Price$20,121*
Percent of Students Receiving Grant Aid77%
Average Total Grant Aid$4,817
Percent of Students Receiving Pell Grants77%
Average Amount of Pell Grant Aid$4,841

Average Financial Aid Mix - $20,301 In-State Total Cost

Estimated coverage of the annual in-state tuition and living expenses of $20,301. Breakdown is based on average grant aid and federal loan aid which will vary based on your family income.

4817
11881
3603

 24% - $4,817

Grants and Scholarships

Money granted to you by the U.S. Department of Education or Miller Motte College. These are not loans and do not need to be repaid.

 59% - $11,881

Federal Loans

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

 18% -  $3,603

Out of Pocket

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 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

Being a school offering two year programs, prospective students should consider the multi year outlay when budgeting the cost for two years at Miller Motte College.

Estimated 2 Year Cost at Published Tuition

At the current published rates, an estimated total tuition, fees and living expense price for a 2 year associate degree at Miller Motte College is $40,602 for students graduating in normal time. This methodology for estimating the 2 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 $20,121 in-state net price as the basis. Applying this cost over 2 would estimate the cost of a degree at $40,242**

**Based on a 2 year multiple of Average Annual Net Price for 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

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 Miller Motte College 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 Miller Motte College
Price per credit hour$255
Cost for one class (3 credit hours)$765
Cost for one class (4 credit hours)$1,020



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. 82% of Miller Motte College students receive U.S. Federal Student Loans with an average annual Federal Loan aid amount of $11,881.

Example Loan Payments and Costs

How much are student loan payments for Miller Motte College? 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 $40,242, 100% of the estimated average net price for a two year program and paid nothing while enrolled. The total of all payments including interest would sum $50,420.69. This could be your effective total out of pocket cost of an education at Miller Motte College. Note that this calculation assumes you don't pay full list price tuition, are part of the reported 77% of students at this school who receive financial aid and you are paying an average annual net price of $20,121. If you do not financially qualify for a reduced net price, your student loan payments could be significantly higher than this example. Use our Miller Motte College 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.

Miller Motte College Student Loan Payments
Example Payments
Monthly Loan Payment$420.17
Amount Borrowed$40,242.00
Interest Rate4.7%
Term10 years
Number of Monthly Payments120
Total Interest Cost$10,178.69
Sum of All Payments over 10 years$50,420.69

Affording Student Loan Payments and Post Graduation Salary

Can I afford to attend Miller Motte College? 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 Miller Motte College, 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 $50,420.69 would be needed to afford a $420.17 monthly payment in the example $40,242.00 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

Miller Motte College is a private, for profit school.

Estimated Future Cost and Expected Tuition Increase

What will it cost to send your child to Miller Motte College in the future? 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 2 year degree assuming tuition increases at the national average rate. Estimated future prices are based on the current 2 year cost of $40,602.00. 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 Miller Motte College.

Annual2 Year Degree
Estimated Cost in 5 years for students enrolling in 2019$26,558$53,115
Estimated Cost in 10 years for students enrolling in 2024$33,895$67,790
Estimated Cost in 15 years for students enrolling in 2029 $43,259$86,519
Estimated Cost in 18 years for students enrolling in 2032 $50,078$100,156

About Miller Motte College

Miller Motte College is a two year private college located in Jacksonville, North Carolina.  Full time enrollment is 530 and part time is 140.  Miller Motte College 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.

Learn more about getting in to Miller Motte College at CollegeSimply.

Address
Miller Motte College
1291 Hargett Street
Jacksonville, North Carolina
28540-5901

Calculators

Use the calculators below to formulate a college savings plan for Miller Motte College 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 Miller Motte College 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 Miller Motte College student loan.

Prepayment Option