Understanding Manhattan College's Cost of Attendance

A university education represents a significant investment in one's future. Manhattan College distinguishes itself by offering a high return on investment, despite having comparable tuition rates to other institutions. Let's delve into the various aspects of Manhattan College's cost of attendance, financial aid options, and payment plans to provide a comprehensive understanding for prospective students and their families.

Comprehensive Cost of Attendance Budget

Manhattan College establishes a full cost of attendance (COA) budget that encompasses various expenses. This budget includes:

Tuition: The base cost for academic instruction. Manhattan University's tuition is $52,830. Compared with the national average cost of tuition of $47,890, Manhattan University is more expensive. These figures include both tuition and fees, also referred to as the sticker price.
Fees: These cover various services such as library access, gym facilities, student centers, technology resources, and campus health centers.
Room and Board: The cost of on-campus housing and meal plans. Room and Board charges are based on a resident student’s housing and meal plan selection each semester.
Books and Supplies: Estimated expenses for textbooks and other academic materials, averaging around $1,200 per year.
Transportation: Costs associated with commuting to and from campus, estimated at $900 per year.
Personal/Miscellaneous Expenses: An allowance for personal spending and unforeseen costs, averaging $1,200 per year.

It's important to note that the COA is an estimate. Adjustments are made for less than full-time status, overcredit charges, room rate and meal rate plans selected.

Financial Aid Opportunities

Manhattan College is committed to making education accessible. A significant 73% of students receive financial aid, with an average aid package of $35,872. Ninety-Nine percent of first-year students receive some sort of financial aid, whether through scholarships, grants, loans, work-study programs, or GI benefits. Financial aid can include grants, loans, scholarships and work-study jobs. Financial aid packages vary depending on your financial need.

Types of Financial Aid

Need-Based Scholarships and Grants: These awards do not need to be repaid. They are determined by a student's financial status. The average need-based scholarship or grant awarded to first-year students at Manhattan University was $18,146.
Need-Based Loans: These funds must be repaid with interest. The average need-based loan amount is $2,069.
Merit-Based Aid: Also known as non-need-based aid, this is awarded for specific talents or academic achievements. The average non-need-based scholarship or grant awarded to first-year students at Manhattan University - excluding any athletic scholarships, if applicable - was $25,279.
Work-Study Programs: These programs allow students to work part-time on campus to earn money.

Application Process

To be considered for need-based grants and all federal aid programs, students must complete the Free Application for Federal Student Aid (FAFSA) form. The priority application deadline is March 1, but applications received after this date will still be considered. The final application deadline is August 1.

Understanding Net Price

The net price represents the actual cost a student pays after deducting grants and scholarships from the total cost of attendance. The average net price at Manhattan University is $28,349 per year.

Factors Influencing Net Price

Household Income: The net price varies depending on a family's income.
Financial Aid Policies: Each college has its own policies for awarding financial aid.

To get the most accurate estimate of your net price, use Manhattan College's Net Price calculator.

Student Loan Debt

It's crucial to be aware of potential student loan debt and its long-term implications. At Manhattan University, the median federal loan debt among borrowers who completed their undergraduate degree is $26,000. The median monthly federal loan payment (if it were repaid over 10 years at 5.05% interest) for student federal loan borrowers who graduated is $276. Additionally, 12% of graduating students at Manhattan University took out private loans. Students with private loans had an average of $36,000 in private loan debt at graduation. The average total indebtedness of the 2023 graduating class was $28,500, with 40% of graduating students having borrowed some type of loan.

Payment Plans

Manhattan University offers a 5-month payment plan (per semester) that allows students and families to pay the out-of-pocket cost interest-free. Enrollment in the Fall Monthly Payment Plan opens in July, with payments due August through November.

Additional Fees and Considerations

Comprehensive Fee: This mandatory per-term fee covers various University services.
MC-SHIP Health Insurance: Students who do not waive this coverage will be charged for the health insurance plan.
Overcredit Charges: Students exceeding the annual number of credits for their degree program will be charged at the per-credit tuition rate.
Matriculation Fee: This deposit is required of all first-time resident students.
Study Abroad Fee: This fee is assessed for matriculated students who have received prior approval from their academic advisor to take a course for credit at another college or university.
Tuition Guarantee Plans: Tuition at time of first enrollment guaranteed only to students making advance payment

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