High Point University (HPU) in North Carolina has made itself known for its quality education delivered in lively campuses. Still, an educational encounter with private campuses is ordinarily expensive, like in most other private institutions.
This post discusses comprehensively costs connected to going to HPU by looking at the patterns of tuition fees, extra expenditures, financial assistance channels, and comparison with other institutions regarding these expenses.
That being said, if you are a potential student, a guardian, or simply an education cost watcher, this article will act as a significant insight into the finances that go behind enrolling into High Point University (HPU).
Undergraduate Tuition
This current academic season, students at HPU have to part with a whopping $44,208 for tuition. Compared to last year, tuition fees have gone up by 5.47%. Although this kind of increment is similar in other institutions it always appears too much on the students and their families.
On top of that, HPU’s tuition stands out as far above what others in its category charge ($24607). Let’s break down the undergraduate tuition trends over the past few years:
- 2022-2023 Academic Year: $41,916
- 2023-2024 Academic Year: $44,208
Meanwhile, a projected tuition fee of $46,625 is expected for the 2024-2025 academic year which indicates an increase of about 5.5%.
Such a rise in tuition fees is a significant consideration point for those who intend to join college in the future. Additionally, such raises are above the inflation rate thus indicating that attendance at HPU is becoming more expensive than most other things in the economy.
Graduate Tuition
For students contemplating obtaining a graduate degree, the financial situation here at HPU is just as challenging. The 2023-2024 graduate tuition fees amount to $34,329 which is a 5.40% increment over last year.
This amount is similar to what one would expect to pay for a bachelor’s degree but is far above the average graduate tuition of $13,501 in similar institutions. Here’s a glimpse into the graduate tuition trends:
- 2022-2023 Academic Year: $32,571
- 2023-2024 Academic Year: $34,329
Meanwhile, a projected tuition fee of $36,329 is expected for the 2024-2025 academic year which indicates an increase of about 5.4%.
These numbers show that getting an advanced degree at HPU costs a lot of money. Future graduate students should think carefully about whether the career benefits and higher salaries they might get are worth the expense.
Cost Per Credit Hour
When considering part-time study options or if you might want to take extra classes it is important to know how much you pay for every credit hour. For HPU this represents:
Undergraduate Cost Per Credit Hour
- 2022-2023: $1,184
- 2023-2024: $1,249
- 2024-2025 (estimated): $1,318
Graduate Cost Per Credit Hour
- 2022-2023: $1,305
- 2023-2024: $1,375
- 2024-2025 (estimated): $1,449
These figures are particularly important for students who work and study at the same time or want to finish their degrees faster.
Beyond Tuition
Students are required to consider other costs besides tuition which comprises the main part of education expenses. Here is a breakdown of extra costs that add up to the total attendance fee.
Room and Board
- On-campus: $18,462
- Off-campus: $12,000
Personal Expenses
- On-campus students: $2,250
- Off-campus students: $2,500
- Books and Supplies: $1,500
Transportation
- Varies depending on the student’s situation
These extra expenses contribute hugely to the entire money situation. The total cost of attendance (COA) for the 2023-2024 school year can be summarized:
- On-campus students: $66,420
- Off-campus students: $60,208
It is worth remembering that costs related to living on campus are now 10.32% more than they were last year, whilst costs pertaining to living outside campus did not change much.
Financial Aid
Due to the excessive costs of studying at HPU, financial aid is vital for the education of many more students. The university provides different types of financial aid and this is encouraging:
- An estimated 87% of all undergraduate students making up the enrollment are granted or given scholarships.Â
- The average aid amount is $17,594, which covers about 39.80% of the full tuition amount.
The different kinds of financial aids you can receive include:
- Scholarships based on meritÂ
- Scholarships based on needÂ
- Federal and State government sponsored programs where students seek for labor loansÂ
Students are encouraged to fill out the Free Application for Federal Student Aid (FAFSA), which will help decide if you qualify for any of the listed financial assistance.
Comparing Costs
To understand the financial impact of attending HPU, it’s useful to compare its costs with those of similar schools. Here’s how HPU’s tuition compares to other comparable institutions:
- High Point University: $44,208
- Gardner-Webb University: $33,450
- Hampton University: $29,162
- Charleston Southern University: $31,030
- Radford University (out-of-state): $25,185
- University of South Carolina-Upstate (out-of-state): $22,545
Based on these comparisons, HPU is ranked higher than the other institutions in the list. in terms of its relative positioning within the industry. According to this statement, HPU is an expensive school when compared to other schools offering similar courses.
Wrap Up
High Point University offers an exceptional learning environment characterized by expensive tuition fee which costs $44,208 for undergraduates in the 2023-2024 academic section with total expenses averaging between $60,208 to $66,420
Conversely, 87% of students on financial assistance get aid worth $17,594. However, prospective students should find out how they can fund their studies through grants or scholarships while balancing alternatives of HPU with what it takes to attend there.
