Help for Paying off student loans Oxford

March 11, 2017
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Costs, Financial Aid & Net Price Low Income w/ Aid w/ Average Aid No Aid
$30, 987
$11, 644
$3, 482
Total Costs $46, 113
$13, 777 $10, 055 $0
$32, 336 $36, 058
National Average Comparison Most Expensive More Expensive

Learn more about tuition and fees, room, board and other expenses and financial aid options at Miami University - Oxford.

Sticker Price

Total college costs include the estimated cost of tuition, fees, books, supplies, room, board and other living expenses for freshmen living on-campus.

Projected Costs Between $62, 413 and $266, 436 For a Four Year Degree. Between $31, 225 and $131, 511 For a Two Year Degree.

It can be a bit scary to look at the total projected cost for 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 Miami University - Oxford in 2015-2016 was $29, 413. To calculate future costs, we looked at the prior five years of data and determined that this cost decreased an average of 0.0% each year.

If this trend continues, we expect the full cost for incoming freshmen to be $29, 395 during their first year. By their senior year, that cost will be approximately $29, 369, for a bachelor degree candidate ($29, 387 for an associate degree candidate) for a grand total of $117, 529 over the course of four years ($58, 782 over the course of two years). These numbers do not factor in 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 $192, 935 based on a yearly growth rate of 1.3%. The expected two-year cost is $95, 231

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.

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 Costs
Annual Growth Rate -0.0%
Freshman Year $15, 617 $19, 339 $29, 395
Senior Year $15, 608 $19, 329 $29, 387
$31, 225 $38, 668 $58, 782
10-Year Loan Interest @ 6.8% $11, 896 $14, 731 $22, 394
Total Monthly Payment $359 $445 $676
Total Amount Paid $43, 121 $53, 399 $81, 176
1.7% 1.3%
$33, 543 $37, 258 $47, 310
$34, 164 $37, 872 $47, 921
$67, 708 $75, 130 $95, 231
$25, 794 $28, 622 $36, 280
$779 $865 $1, 096
$93, 502 $103, 752 $131, 511
Projected 4-Year Net Costs
Freshman Year (2013-2014)
Senior Year (2016-2017) $15, 589 $19, 310 $29, 369
$62, 413 $77, 297 $117, 529
$23, 777 $29, 447 $44, 774
$718 $890 $1, 353
$86, 190 $106, 744 $162, 303
$35, 440 $39, 133 $49, 165
$137, 943 $152, 760 $192, 935
$52, 551 $58, 196 $73, 501
$1, 587 $1, 758 $2, 220
$190, 495 $210, 956 $266, 436

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?

Visit net price and financial aid to learn more about the total cost of attending Miami University - Oxford.

Will You Graduate On-Time Years?

34.5% of Miami University - Oxford students take more than the expected time (two or four years) to graduate, while 20.5% don't graduate at all. This can inflate your costs if you are the former and reduce your ability to pay back loans if you are the latter.

Cost of Compound Interest

Paying off a 10 year loan at 6.8% interest is like paying for an extra year and a half of college.
Source: www.collegefactual.com
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