Annual Costs

Undergraduate Tuition

Tuition for Howard Payne University is $25,290 for the 2017/2018 academic year. This is 9% cheaper than the national average private non-profit four year college tuition of $27,755. The cost is 64% more expensive than the average Texas tuition of $15,399 for 4 year colleges. Tuition ranks 70th in Texas amongst 4 year colleges for affordability and is the 23rd most expensive 4 year college in the state. Price does not vary by residence.

The school charges an additional fees of $2,400 in addition to tuition bringing the total effective in-state tuition to $27,690.

Housing Costs

On campus room and board is provided by the school at a cost of $8,304 per academic year. Students electing to live off campus elsewhere in Brownwood should budget at least this amount.

Books and Supplies

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

Other Living Expenses

If living on-campus, students should budget for $2,696 in additional living expenses. Off-campus students should budget for $2,970 in other miscellaneous living expenses.

Total Costs

The annual tuition and living expense budget to go to Howard Payne University was $39,890 for the 2017/2018 academic year. The cost is the same for all students regardless of Texas residence status as there is no in-state discount.

Citation: Price data from the U.S. Department of Education's 2017-2018 and 2016-2017 IPEDS survey response for Howard Payne University and represent reported costs for the 2016-2017 and 2015-2016 academic years.

Costs and Tuition for Howard Payne University
Estimated Budgets
Texas Resident Total Budget $39,890
   In-State Tuition$25,290
   Other Fees$2,400
   Room and Board$8,304
   On-Campus Other Budget$2,696
   Books and Supplies$1,200
Non-Resident Total Budget $39,890
   Out-of-State Tuition$25,290
   Other Fees$2,400
   Room and Board$8,304
   On-Campus Other Budget$2,696
   Books and Supplies$1,200


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 $39,890 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 Howard Payne University net price for in-state students is $18,751* for the 2014/2015 academic year. This net price includes housing and meal expenses.

Pell Grants and other Grant Aid

98% of Howard Payne University students received grant aid in 2014/2015. The average total aid amount was $14,324. 47 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 $3,965. To apply for a Pell Grant to attend Howard Payne University, the first step is to fill out the Free Application for Federal Student Aid (FAFSA).

Net Price and Financial Aid for Howard Payne University
Financial Aid Summary
Average Annual Net Price$18,751*
Percent of Students Receiving Grant Aid98%
Average Total Grant Aid$14,324
Percent of Students Receiving Pell Grants47%
Average Amount of Pell Grant Aid$3,965

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$16,626
$30,001 to $48,000$16,860
$48,001 to $75,000$18,035
$75,001 to $110,000$18,927

Average Financial Aid Mix - $39,890 In-State Total Cost

CollegeCalc has estimated typical coverage of the annual in-state tuition and living expenses of $39,890. Breakdown is based on average grant aid and federal loan aid which will vary based on your family income.


Grants and Scholarships

 39% - $14,324

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

Federal Loans

 16% - $5,780

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

Out of Pocket

 46% -  $17,090

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. Howard Payne University
Concordia University Texas18% more expensive
Schreiner University1.2% less expensive
University of the Southwest36.7% less expensive
Bacone College40.7% less expensive
Louisiana College36.7% less 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 Howard Payne 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 Howard Payne University is $159,560 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 $16,991 in-state net price as the basis. Applying this cost over 4 would estimate the cost of a degree at $67,964**

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 $199,450 or $84,955 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

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 Howard Payne University.

Texas Resident Tuition Per Semester$12,645
Texas Resident Total Cost Per Semester$19,945

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 Howard Payne 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 Howard Payne University
Price per credit hour$820
Cost for one class (3 credit hours)$2,460
Cost for one class (4 credit hours)$3,280


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. 75% of Howard Payne University students receive U.S. Federal Student Loans with an average annual Federal Loan aid amount of $5,780. The reported average student debt upon graduation is $27,018.

Example Loan Payments and Costs

How much are student loan payments for Howard Payne 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 $67,964, 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 $84,327.74. This could be your effective total out of pocket cost of an education at Howard Payne University. 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 $16,991. If you do not financially qualify for a reduced net price, your student loan payments could be significantly higher than this example. Use our Howard Payne 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.

Howard Payne University Student Loan Payments
Example Payments
Monthly Loan Payment$702.73
Amount Borrowed$67,964.00
Interest Rate4.5%
Term10 years
Number of Monthly Payments120
Total Interest Cost$16,363.74
Sum of All Payments over 10 years$84,327.74

Affording Student Loan Payments and Post Graduation Salary

Can I afford to attend Howard Payne 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 Howard Payne 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 $84,327.74 would be needed to afford a $702.73 monthly payment in the example $67,964.00 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 Howard Payne University in the future? In the past four years, this school's published in-state tuition and fee total rose from $21,200 to $25,290. This amounts to an average annual price increase of 3.9%. 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 $159,560.00. 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 Howard Payne University.

Annual4 Year Degree
Estimated Cost in 5 years for students enrolling in 2023$54,858$219,432
Estimated Cost in 10 years for students enrolling in 2028$70,014$280,057
Estimated Cost in 15 years for students enrolling in 2033 $89,358$357,432
Estimated Cost in 18 years for students enrolling in 2036 $103,443$413,772

Comparable Cost for Popular Majors

We've compared the out of state cost of the most popular undergraduate areas of study at Howard Payne University 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
Health and Physical Education/Fitness, General Bachelor's Degree 14 10% costlier
Psychology, General Bachelor's Degree 11 1% cheaper
Elementary Education and Teaching Bachelor's Degree 10 12% costlier
Computer and Information Sciences, General Bachelor's Degree 8 8% costlier
Criminology Bachelor's Degree 8 2% cheaper
Bible/Biblical Studies Bachelor's Degree 7 33% costlier
Theological and Ministerial Studies, Other Bachelor's Degree 7 38% costlier
Public Relations, Advertising, and Applied Communication Bachelor's Degree 7 0% cheaper
Cultural Studies/Critical Theory and Analysis Bachelor's Degree 7 12% cheaper
Physical Education Teaching and Coaching Bachelor's Degree 6 14% costlier
General Studies Bachelor's Degree 6 18% costlier
Mathematics, General Bachelor's Degree 6 3% cheaper
Fine/Studio Arts, General Bachelor's Degree 5 8% cheaper
Marketing/Marketing Management, General Bachelor's Degree 5 10% costlier
Biology/Biological Sciences, General Bachelor's Degree 5 1% cheaper
Speech Communication and Rhetoric Bachelor's Degree 4 0% costlier
Accounting Bachelor's Degree 4 7% costlier
Music Teacher Education Bachelor's Degree 4 5% costlier
Social Work Bachelor's Degree 4 11% costlier
Political Science and Government, General Bachelor's Degree 4 4% cheaper
Human Development and Family Studies, General Bachelor's Degree 3 8% costlier
English Language and Literature, General Bachelor's Degree 3 1% cheaper
Ancient/Classical Greek Language and Literature Bachelor's Degree 3 31% cheaper
Drama and Dramatics/Theatre Arts, General Bachelor's Degree 3 6% cheaper
Pre-Law Studies Bachelor's Degree 3 2% costlier
Religious Education Bachelor's Degree 3 19% costlier
Finance, General Bachelor's Degree 2 7% costlier
Business, Management, Marketing, and Related Support Services, Other Bachelor's Degree 2 1% costlier
Voice and Opera Bachelor's Degree 2 10% cheaper
Theology/Theological Studies Bachelor's Degree 2 3% costlier
Spanish Language and Literature Bachelor's Degree 2 7% cheaper
Mathematics Teacher Education Bachelor's Degree 2 13% costlier
Chemistry, General Bachelor's Degree 1 4% cheaper
Public Policy Analysis, General Bachelor's Degree 1 28% cheaper
Organizational Communication, General Bachelor's Degree 1 0% costlier
History Teacher Education Bachelor's Degree 1 15% costlier
Keyboard Instruments Bachelor's Degree 1 10% cheaper
Religious/Sacred Music Bachelor's Degree 1 17% costlier
Social Sciences, General Bachelor's Degree 1 4% costlier
History, General Bachelor's Degree 1 3% cheaper
Teaching English as a Second or Foreign Language/ESL Language Instructor Bachelor's Degree 1 15% costlier
Art Teacher Education Bachelor's Degree 1 10% costlier
International Relations and Affairs Bachelor's Degree 1 15% cheaper
Lay Ministry Associate's Degree 1 39% costlier
Management Information Systems, General Bachelor's Degree 1 9% costlier
Social Studies Teacher Education Bachelor's Degree 1 7% costlier
Music Performance, General Bachelor's Degree 1 0% cheaper
Liberal Arts and Sciences/Liberal Studies Bachelor's Degree 1 1% cheaper
Spanish Language Teacher Education Bachelor's Degree 1 10% costlier
Secondary Education and Teaching Bachelor's Degree 1 9% costlier
American History United States Bachelor's Degree 1 8% costlier
Business Administration and Management, General Bachelor's Degree 1 16% costlier
Youth Ministry Bachelor's Degree 1 17% costlier


Use the calculators below to formulate a college savings plan for Howard Payne University 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 Howard Payne University 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 Howard Payne University student loan.

Prepayment Option

About Howard Payne University

Howard Payne University is a four year private college located in Brownwood, Texas.  The school is affiliated with the Baptist faith.  Full time enrollment is 988 and part time is 201.

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

Howard Payne University
1000 Fisk St.
Brownwood, Texas

For Profit / Not For Profit Status

Howard Payne University is a private not for profit institution.

Howard Payne University cost and financial aid data source: U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=225548 IPEDS survey data.