Tuition and Cost to Attend Marion Technical College

Annual Total Cost

The total list price for in-state Ohio residents to go to Marion Technical College is $11,892 for the 2013/2014 academic year. Out-of-state students who don't possess Ohio residence can expect a one year cost of $14,002. Students residing at home with parents providing food and housing can expect a total cost of $5,772.

Undergraduate Tuition

Marion Technical College tuition is $4,390 per year for in-state residents. This is 38% more expensive than the national average public two year tuition of $3,176. The cost is $6,082 and 58% cheaper than the average Ohio tuition of $10,472 for 2 year colleges. Tuition ranks 20th in Ohio amongst 2 year colleges for affordability and is the 69th most expensive 2 year college in the state. If attending from out-of-state, the tuition is $6,500 which represents a 48% premium.

The school charges an additional fees of $32 in addition to tuition bringing the total effective in-state tuition to $4,422.

Housing Costs

Marion Technical College doesn't offer on campus housing. If you're not living with family you will need to budget for food and housing in the Marion area just like you would for a college with dorms. The estimated rent and meal expense per academic year for off campus housing is $6,120.

Books and Supplies

The estimated annual cost for books and supplies is $1,350.

Costs and Tuition for Marion Technical College
Expenditure Price
Ohio Resident Total Cost (Off Campus Housing)$11,892
   In-State Tuition$4,390
   Other Fees$32
   Off-Campus Housing Estimate$6,120
   Books and Supplies$1,350
Ohio Resident Total Cost (Living with Parents)$5,772
   In-State Tuition$4,390
   Other Fees$32
   Family Provided Room and Board$0
   Books and Supplies$1,350

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 $11,892 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 Marion Technical College net price for in-state students receiving aid was $7,727* for the 2010/2011 academic year.

Pell Grants and other Grant Aid

72% of Marion Technical College students received grant aid in 2010/2011. The average total aid amount was $4,793. 45 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 $3,570. To apply for a Pell Grant to attend Marion Technical College, the first step is to fill out the Free Application for Federal Student Aid (FAFSA).

Net Price and Financial Aid for Marion Technical College
Financial Aid Summary
Average Annual Net Price$7,727*
Percent of Students Receiving Grant Aid72%
Average Total Grant Aid$4,793
Percent of Students Receiving Pell Grants45%
Average Amount of Pell Grant Aid$3,570

Average Financial Aid Mix - $11,892 In-State Total Cost

CollegeCalc has estimated typical coverage of the annual in-state tuition and living expenses of $11,892. Breakdown is based on average grant aid and federal loan aid which will vary based on your family income.

40%
37%
23%

Grants and Scholarships

 40% - $4,793

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

Federal Loans

 37% - $4,410

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

Out of Pocket

 23% -  $2,689

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

Average Net Price for In-State Students by Family Income

The average net cost of attendance for different levels of family after federal, state or local government, institutional grant and scholarship aid are awarded. Data last reported for the 2011-2012 academic year.

Family Income Avg. Net Price
$0 to $30,000$6,800
$30,001 to $48,000$7,273
$48,001 to $75,000$9,744
$75,001 to $110,000$10,867
$110,000+$11,112

*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

Being a school offering two year programs, prospective students should consider the multi year outlay when budgeting the cost for two years at Marion Technical 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 Marion Technical College is $23,784 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 $7,727 in-state net price as the basis. Applying this cost over 2 would estimate the cost of a degree at $15,454**

**Based on a 2 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

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 Marion Technical 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 Marion Technical College
Price per credit hour for Ohio residents$107
Cost for one class for Ohio residents (3 credit hours)$321
Price per credit hour for out of state residents$160
Cost for one class for out of state residents (3 credit hours)$480
Cost for one class for out of state residents (4 credit hours)$640



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. 32% of Marion Technical College students receive U.S. Federal Student Loans with an average annual Federal Loan aid amount of $4,410.

Example Loan Payments and Costs

How much are student loan payments for Marion Technical 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 $15,454, 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 $19,362.89. This could be your effective total out of pocket cost of an education at Marion Technical College. Note that this calculation assumes you don't pay full list price tuition, are part of the reported 72% of students at this school who receive financial aid and you are paying an average annual net price of $7,727. If you do not financially qualify for a reduced net price, your student loan payments could be significantly higher than this example. Use our Marion Technical 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.

Marion Technical College Student Loan Payments
Example Payments
Monthly Loan Payment$161.36
Amount Borrowed$15,454.00
Interest Rate4.7%
Term10 years
Number of Monthly Payments120
Total Interest Cost$3,908.89
Sum of All Payments over 10 years$19,362.89

Affording Student Loan Payments and Post Graduation Salary

Can I afford to attend Marion Technical 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 Marion Technical 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 $19,362.89 would be needed to afford a $161.36 monthly payment in the example $15,454.00 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 Marion Technical College in the future? In the past five years, this school's published in-state tuition and fee total rose from $3,636 to $4,236. This amounts to an average annual price increase of 3.3%. 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 in-state 2 year cost of $23,784.00. 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 Marion Technical College.

Annual2 Year Degree
Estimated Cost in 5 years for students enrolling in 2019$15,557$31,114
Estimated Cost in 10 years for students enrolling in 2024$19,855$39,710
Estimated Cost in 15 years for students enrolling in 2029 $25,341$50,681
Estimated Cost in 18 years for students enrolling in 2032 $29,335$58,670

Tuition History

What was tuition at Marion Technical College 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$4,064$6,184 0%
2009$4,064$6,184 11%
2008$3,660$5,568 0%
2007$3,660$5,568 5.2%
2006$3,480$5,388 5.5%
2005$3,300$5,100 5.8%
2004$3,120$4,812 0.8%
2003$3,094$4,642 24.6%
2002$2,484$3,888 -3%
2001$2,560$4,216 -7.6%
2000$2,771$4,556 -9.3%
1999$3,054$5,262 9%
1998$2,802$4,458 0%
1997$2,802$4,458 6.1%
1996$2,640$4,848 3.5%
1995$2,550$4,134 4.9%
1994$2,430$4,014 0%
1993$2,430$4,014 6.3%
1992$2,286$4,014 26.9%
1991$1,801$3,423 22%
1990$1,476$3,060 0%

Comparable Cost for Popular Majors

We've compared the out of state total cost of the most popular undergraduate areas of study at Marion Technical College to the national average cost for colleges offering that major. This helps identify particular programs where this school offers more value.

Area of Study Graduates Comparative Cost
Registered Nursing/Registered Nurse Associate's Degree 63 25% cheaper
Business Administration and Management, General Associate's Degree 33 30% cheaper
Social Work Associate's Degree 25 15% cheaper
Criminal Justice/Safety Studies Associate's Degree 21 23% cheaper
Physical Therapy Technician/Assistant Associate's Degree 20 25% cheaper
Clinical/Medical Laboratory Technician Associate's Degree 17 19% cheaper
Computer Systems Networking and Telecommunications Associate's Degree 15 28% cheaper
Medical Radiologic Technology/Science - Radiation Therapist Associate's Degree 11 28% cheaper
Electrical, Electronic and Communications Engineering Technology/Technician Associate's Degree 11 29% cheaper
Health Professions and Related Clinical Sciences, Other Associate's Degree 8 30% cheaper
Computer Programming, Specific Applications Associate's Degree 7 23% cheaper
Accounting Associate's Degree 6 26% cheaper
Computer Software and Media Applications, Other Associate's Degree 5 39% cheaper
Mechanical Engineering/Mechanical Technology/Technician Associate's Degree 4 31% cheaper
Medical/Clinical Assistant Associate's Degree 3 29% cheaper
Marketing/Marketing Management, General Associate's Degree 3 23% cheaper
Executive Assistant/Executive Secretary Associate's Degree 3 16% cheaper
Criminal Justice/Police Science Associate's Degree 2 20% cheaper
Industrial Production Technologies/Technicians, Other Associate's Degree 2 19% cheaper
Legal Assistant/Paralegal Associate's Degree 2 29% cheaper
General Studies Associate's Degree 1 28% cheaper

Calculators

Use the calculators below to formulate a college savings plan for Marion Technical 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 Marion Technical 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 Marion Technical College student loan.

Prepayment Option

About Marion Technical College

Marion Technical College is a two year community college located in Marion, Ohio.  Full time enrollment is 1,375 and part time is 1,498.  Marion Technical 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.

Address
Marion Technical College
1467 Mount Vernon Ave
Marion, Ohio
43302-5694

For Profit / Not For Profit Status

Marion Technical College 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.

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