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Murray State University
Murray, Kentucky
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  • Net Price
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Can You Afford Murray State University?

Concerned about paying for college? Take a look at Murray State'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 2019 - 2020 Varied Between $11,797 & $39,318

Worried about paying the full cost of $39,318 to attend Murray 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 63.0% off tuition and fees. Also, 99.0% of freshmen receive some form of financial aid, with the average amount totaling $10,450. Students from low-income families receive an average of $11,903 in aid during their first year.

  • Kentucky Residents
  • Out-Of-State Residents

Cost for Residents of Kentucky (no aid)

Tuition and fees$9,174
+ Room and board$9,466
+ Other expenses$5,060
Total cost$23,700
Affordability Score (57 out of 100)
more expensive
less expensive

Net Price for Residents of Kentucky (with average aid)

Total cost$23,700
- Grants and scholarships$10,450
Net price$13,250
Affordability Score (75 out of 100)
more expensive
less expensive

Average Net Price for Low Income Residents of Kentucky

Total cost$23,700
- Grants and scholarships$11,903
Net price$11,797
Affordability Score (71 out of 100)
more expensive
less expensive

Cost for Non-Residents (no aid)

Tuition and fees$24,792
+ Room and board$9,466
+ Other expenses$5,060
Total cost$39,318
Affordability Score (32 out of 100)
more expensive
less expensive

Net Price for Non-Residents (with average aid)

Total cost$39,318
- Grants and scholarships$10,450
Net price$28,868
Affordability Score (24 out of 100)
more expensive
less expensive

Average Net Price for Low Income Non-Resident Undergraduates

Total cost$39,318
- Grants and scholarships$11,903
Net price$27,415
Affordability Score (17 out of 100)
more expensive
less expensive

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

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Projected Costs Between $53,888 and $247,855 For a Four Year Degree. Between $25,929 and $119,284 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 Murray State University in 2019 - 2020 was $23,700. To calculate future costs, we looked at the prior five years of data and determined that this cost increased an average of 3.6% each year.

If this trend continues, we expect the full cost for incoming freshmen to be $25,452 during their first year. By their senior year, that cost will be approximately $28,325, for a bachelor degree candidate ($26,376 for an associate degree candidate) for a total of $107,486 over the course of four years ($51,828 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 $179,480 based on a yearly growth rate of 3.8%. The expected two-year cost is $86,377.

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 Murray State University
  • Kentucky Residents
  • Out-Of-State Residents

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*5.8%3.6%
Freshman year$12,720$14,826$25,452
Senior year$13,209$15,683$26,376
Total 2-year net price$25,929$30,509$51,828
10-year loan interest @ 6.8%$9,878$11,623$19,744
Total monthly payment$298$351$596
Total amount paid$35,807$42,132$71,572
Projected 4-Year Net CostsLow Income w/ Aidw/ Average AidNo Aid
Annual growth rate*5.8%3.6%
Freshman year$12,720$14,826$25,452
Senior year$14,243$17,548$28,325
Total 4-year net price$53,888$64,646$107,486
10-year loan interest @ 6.8%$20,529$24,628$40,948
Total monthly payment$620$744$1,237
Total amount paid$74,418$89,274$148,434

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*4.6%3.8%
Freshman year$29,938$31,567$42,379
Senior year$31,285$33,009$43,998
Total 2-year net price$61,223$64,576$86,377
10-year loan interest @ 6.8%$23,324$24,601$32,907
Total monthly payment$705$743$994
Total amount paid$84,547$89,177$119,284
Projected 4-Year Net CostsLow Income w/ Aidw/ Average AidNo Aid
Annual growth rate*4.6%3.8%
Freshman year$29,938$31,567$42,379
Senior year$34,164$36,095$47,424
Total 4-year net price$128,080$135,190$179,480
10-year loan interest @ 6.8%$48,794$51,502$68,375
Total monthly payment$1,474$1,556$2,065
Total amount paid$176,874$186,692$247,855

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

Further Questions to Consider

  • Do you know your deadlines?

    Meeting application deadlines for both the college and the FAFSA is crucial to getting financial aid.

  • When can you expect to begin receiving bills from the college?
  • Is there an option to make payments in monthly installments?
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