What Does It Cost to Attend Marist College?
The price of a college education continues to climb—a survey by U.S. News found that for the 2018-2019 school year, the average price for tuition and fees at in-state schools rose by nearly 2%, while the average out-of-state price increased by less than 1%. Over the same time period, the average price of tuition and fees at private schools, such as Marist College, rose 3%. Already an important factor in college decision making, the climbing cost of college makes expense an even more critical consideration.
When evaluating the cost of college, it’s important to make sure you’re using the correct data. On the surface, it would seem to make the most sense to compare the expense of institutions using their published price; however, the majority of students attending colleges such as Marist will not pay the college’s list price. Students who do end up paying the published price are typically from affluent families with average incomes exceeding $175,000 who fell outside the top third of accepted students.
Net price is the preferred metric for gauging the price of college. Net price takes into account any financial aid awarded via grants and scholarships and deducts them from the college’s list price—making net price a favored metric that provides a more accurate idea of what a student will end up paying for college.
What is the List Price at Marist College?
The 2016-2017 list price for Marist College—which includes tuition, room, and board—was $52,760 for both in- and out-of-state students. It’s important to remember that most students will not pay the list price.
What is the Financial Aid Net Price of Marist College?
The financial aid net price of a college or university is calculated by taking the list price of the institution and subtracting any aid, such as grants or scholarships, a student receives. The average net cost of Marist College for both in- and out-of-state students with financial aid is $48,621.
What is the Family Income-Based Cost of Attending Marist College?
The income level of a student’s family has a significant effect on the amount of financial aid they will receive from a college or university. Below is a list of the average net tuition prices per family income:
|Family Income||Average Net Price|
How Much Merit Aid Do Marist College Students Receive?
Merit aid is aid awarded without consideration of a student’s financial situation, typically for a student’s skill or achievement in academics, athletics, or the arts. 69.4% of Marist students without financial need receive merit aid—$6,432 is the average amount of merit aid received by students without financial need.
The average net price for in- and out-of-state students who don’t qualify for financial aid is $46,328—$7,000 less than Marist’s published price.
How Many Marist College Students Take Out Loans?
Many college students take out loans to help pay for college. The majority of Marist College students (79%) take advantage of student loans to pay for college. The average federal student loan per undergraduate student at Marist is $6,258.
Student Outcomes at Marist College
Students attending Marist College can expect a strong return on their investment in the institution. Marist graduates 83% of its students within six years, putting it far ahead of the national average. Ten years after graduating, Marist alumni earn $56,900 on average—more than double the average income of a Poughkeepsie, New York (home to Marist College) resident of $23,923.
Local Area Cost Considerations
According to Sperling’s Best Places, Poughkeepsie, New York, has a cost of living index of 111.3, making it more expensive than the average American city (100), but less expensive than the average place in New York (129.4).
Average Apartment Rental Prices
Marist believes that residential life is an integral part of the educational experience of college. Marist houses over 3,300 undergraduate students who move through a series of increasingly more independent living situations through their college career—beginning in residential halls as freshmen, then into suites, apartments, and townhouse-type residences.
Students may choose to live off campus. Those students will find the average rent for a one-bedroom apartment to be $1,060, while two-bedrooms rent for $1,330, and three-bedrooms go for $1,700. Marist’s Office of Housing of Residential Life is available to help students wishing to live off campus.
The minimum wage in Poughkeepsie is $11.10 an hour, which is substantially better than the federally mandated minimum wage of $7.25. Marist College also has a robust internship program—all of its academic schools emphasize internships as a key component of the undergraduate experience. According to Indeed, the average salary of an intern in Poughkeepsie is $13.11
Other Ways to Save
There are a variety of ways for Marist students to save on the cost of attending this excellent institution, including scholarships. Marist College students are eligible for a handful of notable and competitive national scholarships, including the Barry Goldwater Scholarship, the Boren Awards for International Study, and the Morris K. Udall Scholarship.
Marist also offers a number of endowed scholarships thanks to the generosity of trustees, alumni, parents, and friends of the college. Scholarships range between $500 and $5,000 and are awarded for a variety of criteria. Marist College maintains a web page for students to learn more about the college’s endowed scholarships.
Marist also offers on-campus employment, providing all students the opportunity to work on campus regardless of financial need. More information about campus employment can be found on Marist’s Student Financial Services web page.
If Marist College is your dream school, but you still can’t get over the sticker shock induced by its price tag, our College Applications Program is for you. Gaining access to our Applications Program’s Finance Tool, you’ll get a better sense of what Marist College will really cost, and discover the expected return on investment expected from particular schools and majors. Our Applications Program can even give you a college list that shows your student’s odds of acceptance based on their profile and preferences!
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