College Factual  by our College Data Analytics Team
       Unbiased Factual Guarantee

Can You Afford Morehead State University?

Concerned about paying for college? Take a look at Morehead State University’s financial aid options, including grants, scholarships, and student loans, then calculate the net price based on your income level to determine if you can afford to attend this school.

Attendance Costs in 2020 - 2021 Varied Between $10,974 & $27,518

Worried about paying the full cost of $27,518 to attend Morehead State University? That number can be deceiving, as the net amount most students will pay varies significantly.

For students living in Kentucky, the university offers a discount of 33.0% off tuition and fees. Also, 98.2% of freshmen receive some form of financial aid, with the average amount totaling $9,565. Students from low-income families receive an average of $11,958 in aid during their first year.

Cost for Residents of Kentucky (no aid)

Tuition and fees$9,290
+ Room and board$9,820
+ Other expenses$3,822
Total cost$22,932
Affordability Score (63 out of 100)
more expensive
less expensive

Net Price for Residents of Kentucky (with average aid)

Total cost$22,932
- Grants and scholarships$9,565
Net price$13,367
Affordability Score (75 out of 100)
more expensive
less expensive

Average Net Price for Low Income Residents of Kentucky

Total cost$22,932
- Grants and scholarships$11,958
Net price$10,974
Affordability Score (78 out of 100)
more expensive
less expensive

Cost for Non-Residents (no aid)

Tuition and fees$13,876
+ Room and board$9,820
+ Other expenses$3,822
Total cost$27,518
Affordability Score (62 out of 100)
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less expensive

Net Price for Non-Residents (with average aid)

Total cost$27,518
- Grants and scholarships$9,565
Net price$17,953
Affordability Score (71 out of 100)
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less expensive

Average Net Price for Low Income Non-Resident Undergraduates

Total cost$27,518
- Grants and scholarships$11,958
Net price$15,560
Affordability Score (73 out of 100)
more expensive
less expensive

Learn more about tuition and fees, room, board and other expenses, and financial aid options at Morehead State University.

Projected Costs Between $42,666 and $153,931 For a Four Year Degree. Between $21,506 and $76,689 For a Two Year Degree.

It can be a bit scary to look at the total projected cost of a college education over the course of a multi-year degree, however, doing so will help you better understand the financial commitment you are making.

The overall cost for on-campus, in-state students to attend Morehead State University in 2020 - 2021 was $22,932. To calculate future costs, we looked at the prior five years of data and determined that this cost increased an average of 2.3% each year.

If this trend continues, we expect the full cost for incoming freshmen to be $23,985 during their first year. By their senior year, that cost will be approximately $25,656, for a bachelor degree candidate ($24,529 for an associate degree candidate) for a total of $99,256 over the course of four years ($48,514 over the course of two years). These numbers do not take into consideration financial aid, which reduces this overall cost by varying amounts per student.

The cost for out-of-state students is more, with an overall expected four-year cost of $111,466 based on a yearly growth rate of 0.4%. The expected two-year cost is $55,533.

Remember, the full costs quoted above are not what most students will pay, and the net price varies quite a bit based on individual circumstances.

Average Net Price at Morehead State University

Cost With Interest for Residents of Kentucky

The tables below outlines how the overall degree net cost can vary depending on your situation. This table also highlights the impact student loans can have on the overall cost of college.

Projected 2-Year Net CostsLow Income w/ Aidw/ Average AidNo Aid
Annual growth rate*0.9%2.3%
Freshman year$10,797$13,603$23,985
Senior year$10,709$13,723$24,529
Total 2-year net price$21,506$27,326$48,514
10-year loan interest @ 6.8%$8,193$10,410$18,482
Total monthly payment$247$314$558
Total amount paid$29,700$37,737$66,996
Projected 4-Year Net CostsLow Income w/ Aidw/ Average AidNo Aid
Annual growth rate*0.9%2.3%
Freshman year$10,797$13,603$23,985
Senior year$10,537$13,966$25,656
Total 4-year net price$42,666$55,136$99,256
10-year loan interest @ 6.8%$16,254$21,005$37,813
Total monthly payment$491$635$1,142
Total amount paid$58,920$76,140$137,069

Cost With Interest for Out-Of-State Residents

The tables below outlines how the overall degree net cost can vary depending on your situation. This table also highlights the impact student loans can have on the overall cost of college.

Projected 2-Year Net CostsLow Income w/ Aidw/ Average AidNo Aid
Annual growth rate*0.6%0.4%
Freshman year$14,792$18,155$27,716
Senior year$14,422$18,256$27,816
Total 2-year net price$29,214$36,411$55,533
10-year loan interest @ 6.8%$11,129$13,871$21,156
Total monthly payment$336$419$639
Total amount paid$40,343$50,282$76,689
Projected 4-Year Net CostsLow Income w/ Aidw/ Average AidNo Aid
Annual growth rate*0.6%0.4%
Freshman year$14,792$18,155$27,716
Senior year$13,710$18,461$28,017
Total 4-year net price$56,985$73,231$111,466
10-year loan interest @ 6.8%$21,709$27,898$42,464
Total monthly payment$656$843$1,283
Total amount paid$78,694$101,129$153,931

Visit net price and financial aid to learn more about the total cost of attending Morehead State University.

Further Questions to Consider

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