Annual Costs

Undergraduate Tuition

Murray State University tuition is $7,656 per year for in-state residents. This is 9% more expensive than the national average public four year tuition of $7,056. The cost is 57% cheaper than the average Kentucky tuition of $17,847 for 4 year colleges. Tuition ranks 3rd in Kentucky amongst 4 year colleges for affordability and is the 42nd most expensive 4 year college in the state. If attending from out-of-state, the tuition is $22,656 which represents a 196% premium.

The school charges an additional fees of $1,164 in addition to tuition bringing the total effective in-state tuition to $8,820.

Housing Costs

On campus room and board is provided by the school at a cost of $8,906 per academic year. Students electing to live off campus elsewhere in Murray should budget at least this amount.

Books and Supplies

The estimated annual cost for books and supplies is $1,265.

Other Living Expenses

If living on-campus, students should budget for $3,879 in additional living expenses. Off-campus students should budget for $4,541 in other miscellaneous living expenses.

Total Costs

The total tuition and living expense budget for in-state Kentucky residents to go to Murray State University is $22,870 for the 2017/2018 academic year. Out-of-state students who don't have Kentucky residence can expect a one year cost of $37,870.

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

Costs and Tuition for Murray State University
Estimated Budgets
Kentucky Resident Total Budget $22,870
   In-State Tuition$7,656
   Other Fees$1,164
   Room and Board$8,906
   On-Campus Other Budget$3,879
   Books and Supplies$1,265
Non-Resident Total Budget $37,870
   Out-of-State Tuition$22,656
   Other Fees$1,164
   Room and Board$8,906
   On-Campus Other Budget$3,879
   Books and Supplies$1,265


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 $22,870 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 Murray State University net price for in-state students is $9,970* for the 2014/2015 academic year. This net price includes housing and meal expenses.

Pell Grants and other Grant Aid

98% of Murray State University students received grant aid in 2014/2015. The average total aid amount was $8,668. 35 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 $4,643. To apply for a Pell Grant to attend Murray State University, the first step is to fill out the Free Application for Federal Student Aid (FAFSA).

Net Price and Financial Aid for Murray State University
Financial Aid Summary
Average Annual Net Price$9,970*
Percent of Students Receiving Grant Aid98%
Average Total Grant Aid$8,668
Percent of Students Receiving Pell Grants35%
Average Amount of Pell Grant Aid$4,643

Average Net Price for In-State Students 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$6,787
$30,001 to $48,000$7,360
$48,001 to $75,000$11,439
$75,001 to $110,000$13,299

Average Financial Aid Mix - $22,870 In-State Total Cost

CollegeCalc has estimated typical coverage of the annual in-state tuition and living expenses of $22,870. Breakdown is based on average grant aid and federal loan aid which will vary based on your family income.


Grants and Scholarships

 46% - $8,668

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

Federal Loans

 36% - $6,823

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

Out of Pocket

 18% -  $3,500

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 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 Public Colleges in the Region

School Cost vs. Murray State University
The University of Tennessee Martin2.1% more expensive
Middle Tennessee State University10.7% less expensive
University of North Alabama13.2% less expensive
University of Memphis0.3% more expensive
Arkansas State University Main Campus17.7% 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 Murray 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 Murray State University is $91,480 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 $9,381 in-state net price as the basis. Applying this cost over 4 would estimate the cost of a degree at $37,524**

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 $114,350 or $46,905 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 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 Murray State University.

Kentucky Resident Tuition Per Semester$3,828
Kentucky Resident Total Cost Per Semester$11,435
Non-Kentucky Resident Tuition Per Semester$11,328
Non-Kentucky Resident Total Cost Per Semester$18,935

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 Murray 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 Murray State University
Price per credit hour for Kentucky residents$368
Cost for one class for Kentucky residents (3 credit hours)$1,104
Price per credit hour for out of state residents$993
Cost for one class for out of state residents (3 credit hours)$2,979
Cost for one class for out of state residents (4 credit hours)$3,972


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. 55% of Murray State University students receive U.S. Federal Student Loans with an average annual Federal Loan aid amount of $6,823. The reported average student debt upon graduation is $21,526.

Example Loan Payments and Costs

How much are student loan payments for Murray 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 $37,524, 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 $46,558.68. This could be your effective total out of pocket cost of an education at Murray State 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 $9,381. If you do not financially qualify for a reduced net price, your student loan payments could be significantly higher than this example. Use our Murray 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.

Murray State University Student Loan Payments
Example Payments
Monthly Loan Payment$387.99
Amount Borrowed$37,524.00
Interest Rate4.5%
Term10 years
Number of Monthly Payments120
Total Interest Cost$9,034.68
Sum of All Payments over 10 years$46,558.68

Affording Student Loan Payments and Post Graduation Salary

Can I afford to attend Murray 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 Murray 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 $46,558.68 would be needed to afford a $387.99 monthly payment in the example $37,524.00 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 Murray State University in the future? In the past four years, this school's published in-state tuition and fee total rose from $5,880 to $7,656. This amounts to an average annual price increase of 6%. 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 $91,480.00. 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 Murray State University.

Annual4 Year Degree
Estimated Cost in 5 years for students enrolling in 2024$31,452$125,806
Estimated Cost in 10 years for students enrolling in 2029$40,141$160,564
Estimated Cost in 15 years for students enrolling in 2034 $51,231$204,925
Estimated Cost in 18 years for students enrolling in 2037 $59,307$237,227

Tuition History

What was tuition at Murray 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 in the past as it provides indication as to how the school may raise tuition in the next few years. Historical tuition and fees for all available data years back to 1987 follows.

YearIn-StateOut-of-stateAnnual Increase
2012$5,652$16,968 4.9%
2011$5,388$16,164 -9.8%
2010$5,976$16,236 4%
2009$5,748$15,612 6.1%
2008$5,418$14,718 8.4%
2007$4,998$13,566 12.9%
2006$4,428$12,036 11.1%
2005$3,984$10,836 15.9%
2004$3,436$9,324 13.3%
2003$3,032$8,112 10.1%
2002$2,754$7,422 7.7%
2001$2,556$6,900 6.5%
2000$2,400$6,440 4.3%
1999$2,300$6,140 8.5%
1998$2,120$5,720 2.9%
1997$2,060$5,540 5.1%
1996$1,960$5,320 5.4%
1995$1,860$5,020 4.5%
1994$1,780$4,780 11.3%
1993$1,600$4,280 13.5%
1992$1,410$4,010 9.3%
1991$1,290$3,650 10.3%
1990$1,170$3,200 4.5%
1989$1,120$3,200 3.7%
1988$1,080$3,072 8%

Comparable Cost for Popular Majors

We've compared the out of state cost of the most popular undergraduate areas of study at Murray State 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
General Studies Bachelor's Degree 138 12% costlier
Elementary Education and Teaching Bachelor's Degree 125 7% costlier
Registered Nursing/Registered Nurse Bachelor's Degree 105 6% costlier
Veterinary/Animal Health Technology/Technician and Veterinary Assistant Bachelor's Degree 63 5% costlier
Organizational Communication, General Bachelor's Degree 45 5% cheaper
Special Education and Teaching, General Bachelor's Degree 45 6% costlier
Biology/Biological Sciences, General Bachelor's Degree 41 6% cheaper
Occupational Safety and Health Technology/Technician Bachelor's Degree 41 22% costlier
Social Work Bachelor's Degree 40 5% costlier
Fine/Studio Arts, General Bachelor's Degree 37 12% cheaper
Accounting Bachelor's Degree 35 2% costlier
Audiology/Audiologist and Speech-Language Pathology/Pathologist Bachelor's Degree 30 2% cheaper
Junior High/Intermediate/Middle School Education and Teaching Bachelor's Degree 28 11% costlier
Public Relations/Image Management Bachelor's Degree 28 4% cheaper
Finance, General Bachelor's Degree 27 2% costlier
Marketing/Marketing Management, General Bachelor's Degree 22 4% costlier
Kinesiology and Exercise Science Bachelor's Degree 21 2% cheaper
Sociology Bachelor's Degree 19 8% cheaper
Radio and Television Bachelor's Degree 18 2% cheaper
Music, General Bachelor's Degree 17 8% cheaper
Chemistry, General Bachelor's Degree 17 9% cheaper
Early Childhood Education and Teaching Bachelor's Degree 16 9% costlier
Engineering Physics/Applied Physics Bachelor's Degree 16 23% cheaper
Foods, Nutrition, and Wellness Studies, General Bachelor's Degree 16 2% costlier
Mathematics, General Bachelor's Degree 15 8% cheaper
Manufacturing Engineering Technology/Technician Bachelor's Degree 15 18% costlier
Business Administration and Management, General Bachelor's Degree 14 10% costlier
Music, Other Bachelor's Degree 13 13% cheaper
Outdoor Education Bachelor's Degree 11 0% cheaper
Computer and Information Sciences, General Bachelor's Degree 11 3% costlier
Drafting/Design Engineering Technologies/Technicians, Other Bachelor's Degree 11 32% costlier
Graphic Communications, General Bachelor's Degree 10 0% cheaper
Drama and Dramatics/Theatre Arts, General Bachelor's Degree 9 11% cheaper
Electromechanical Technology/Electromechanical Engineering Technology Bachelor's Degree 9 11% costlier
Economics, General Bachelor's Degree 9 15% cheaper
Health Teacher Education Bachelor's Degree 9 7% costlier
Journalism Bachelor's Degree 7 2% cheaper
Geological and Earth Sciences/Geosciences, Other Bachelor's Degree 7 19% cheaper
Liberal Arts and Sciences/Liberal Studies Associate's Degree 7 71% costlier
Wildlife, Fish and Wildlands Science and Management Bachelor's Degree 7 13% costlier
International Business/Trade/Commerce Bachelor's Degree 7 8% cheaper
Teacher Education and Professional Development, Specific Subject Areas, Other Bachelor's Degree 6 0% cheaper
Management Information Systems, General Bachelor's Degree 5 3% costlier
Trade and Industrial Teacher Education Associate's Degree 4 27% costlier
Creative Writing Bachelor's Degree 4 18% cheaper
Spanish Language and Literature Bachelor's Degree 3 12% cheaper
Political Science and Government, General Bachelor's Degree 3 9% cheaper
Criminal Justice/Safety Studies Bachelor's Degree 2 11% costlier
German Language and Literature Bachelor's Degree 2 20% cheaper
English Language and Literature, General Bachelor's Degree 2 6% cheaper
French Language and Literature Bachelor's Degree 2 18% cheaper
Physics, General Bachelor's Degree 2 14% cheaper
Business/Commerce, General Associate's Degree 2 72% costlier
Agriculture, General Associate's Degree 1 121% costlier
Information Science/Studies Bachelor's Degree 1 3% cheaper
Civil Engineering Technology/Technician Associate's Degree 1 91% costlier
Telecommunications Management Associate's Degree 1 11% costlier
International Relations and Affairs Bachelor's Degree 1 19% cheaper
Advertising Bachelor's Degree 1 3% cheaper
Psychology, General Bachelor's Degree 1 6% cheaper
Public Administration Bachelor's Degree 1 11% costlier
Electrical, Electronic and Communications Engineering Technology/Technician Associate's Degree 1 93% costlier
Industrial Technology/Technician Associate's Degree 1 116% costlier
History, General Bachelor's Degree 1 7% cheaper


Use the calculators below to formulate a college savings plan for Murray State 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 Murray State 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 Murray State University student loan.

Prepayment Option

About Murray State University

Murray State University is a four year public college located in Murray, Kentucky.  Full time enrollment is 7,640 and part time is 2,846.

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

Murray State University
218 Wells Hall
Murray, Kentucky

For Profit / Not For Profit Status

Murray 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.

Murray State University cost and financial aid data source: U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=157401 IPEDS survey data.