College Costs
Davey Langham 09/13/2021
2 Minutes

Starting college can seem like such a daunting task, especially if you don’t know all of the costs associated. We hope this blog can provide you with some guidance to help you ease into your early college years.


1. Tuition
Tuition will be determined by some of the following things:

  • How many semesters will you be taking per year?
  • Will you be taking any summer classes?
  • Will you be attending school full-time or part-time?

Now let’s answer some of those questions. Traditionally a college school year will be broken up into a fall and spring semester, and two summer sessions. In some cases “mini” sessions will also be offered in between these sessions. Many students stick to the traditional fall and spring semesters, but adding in a summer session could be a great addition if you can spare the time and money. Another decision that will have to be made is going to school full-time or part-time. Generally, you are considered a full-time student if you are taking 12 credit hours (4 classes) per fall and spring semester. Anyone taking less than 12 credit hours per spring and fall semester will usually be considered a part-time student. According to, the average cost per spring and fall semester is right around $5,235 based on a 15 credit hour (5 class) schedule. For summer sessions, a good rule of thumb is to budget $1,000-$1,200 per class.

2. Books

It is estimated that a student can expect to spend $800-$1,200 per fall and spring semester with a full 15-hour schedule. The cost of books can become overwhelming if not planned for. In some situations, students who have not planned for the cost of books may be tempted to try to push on through the course without purchasing all of the required course materials. According to U.S. PIRG, 94% of college students who did not purchase the required or recommended class materials feel that their final grade was negatively affected by this. This is really not a surprise and just a further representation of why it is so important to plan for and purchase all of the required/recommended course materials.

3. Room and Board

Although tuition is the biggest cost that every student will incur, room and board can be more expensive for some. According to, the average room and board at a 4-year university will cost $11,451 annually. However, living on campus is not required. If you are going to a local university, staying at home is by far the most cost-efficient living option if available and comfortable. Many students choose to stay in an apartment complex by themselves or with roommates near campus to help with the cost of room and board. Of course, if you live off-campus, other costs need to be factored in as well. Factor in what it will cost to commute every day from your place of residence to your university, any utilities you would be responsible for, along with food and groceries. All options of living come with different costs that will need to be taken into account to make the best decision for yourself.

With all of these costs, you may need some help paying for your schooling. Luckily, in partnership with Sallie Mae®, we may be able to help! Follow this link to learn more about how MCT can help you with your higher education journey! Prefer to speak to someone about our loan options? No problem! Click HERE to speak to a Member Service Representative by email or call us at 409-727-1446.