06Methodist Univ 2If students are looking for an affordable university and prefer going to college near home in the fall, they are in luck. Affordability isn’t simply finding a school with a low published in-state tuition. It’s important to research the typical financial aid package offered by a school, the average net price paid, and most importantly, the quality of education students receive for their tuition dollars. CollegeCalc is a website that lists best-value colleges in North Carolina for rankings that consider school quality and average net price.

CollegeCalc’s proprietary national percentile ranking has an average score of 50. Dollar value is a measure of a school’s academic rating compared with the average net price paid. All price quotations are reprinted from the U.S. Department of Education’s 2017-18 IPEDS Survey and reflect reported costs for the 2017-18 academic year.

The most affordable four-year public colleges in North Carolina are listed by one year’s in-state tuition list price for the 2017-18 school year. Leading the colleges list is Elizabeth City State University with an in-state tuition of $2,856. Fayetteville State University tuition is $2,982 per year for in-state residents. This is 58% cheaper than the national average public four-year tuition of $7,056. The cost is 84% cheaper than the average North Carolina tuition of $18,281 for fouryear colleges.

Tuition ranks second in North Carolina among four-year colleges for affordability in the state. If attending from out-of-state, the tuition at FSU is $14,590, which represents a 389% premium. The school charges a fee of $2,201 in addition to tuition, bringing the total effective in-state tuition to $5,183.

FSU provides on-campus room and board for $8,627 per academic year. Students electing to live off campus should budget at least this amount. The estimated annual cost for books and supplies is $400. Students should budget $2,426 in additional living expenses. The total tuition and living expense budget for in-state North Carolina residents who went to FSU was $16,636 for the 2017-18 academic year. Out-of-state students who don’t have North Carolina residency can expect a one-year cost of $28,244.

Private colleges and universities are considerably more expensive. Duke University has the most expensive tuition and fees in North Carolina, totaling $55,695. Tuition for Fayetteville’s Methodist University was $32,504 for the 2017-18 academic year. This is 17% more expensive than the national average private, nonprofit four-year college tuition of $27,755. The cost is 78% more expensive than the average North Carolina tuition of $18,281 for four-year colleges. Tuition at MU ranks 59th in North Carolina among four-year colleges for affordability and is the ninth most expensive college in the state. The school charges an additional fee of $356 in addition to tuition, bringing the total effective in-state tuition to $32,860.

The school provides on-campus room and board for $12,210 per academic year. Students electing to live off campus elsewhere in Fayetteville should budget at least this amount. The estimated annual cost for books and supplies is $1,400. The annual tuition and living expense budget to go to MU was $54,529 for the 2017-18 academic year. The cost is the same for all students regardless of North Carolina residence status as there is no in-state discount.

 

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