Understanding High Point University Undergraduate Tuition and Fees
Choosing a university is a significant decision, and understanding the costs involved is a crucial part of the process. High Point University (HPU), known as The Premier Life Skills University®, aims to provide students with an extraordinary education in an inspiring environment. This article breaks down the undergraduate tuition, fees, and financial aid options available at HPU to help prospective students and their families make informed decisions.
The Cost of Attendance: An Overview
The sticker price at High Point University is $73,468. This figure encompasses tuition, fees, room and board, and other estimated expenses. However, the actual cost can vary significantly from student to student based on their financial situation and lifestyle choices. High Point University is committed to providing students an education that offers extraordinary value for life.
Tuition and Fees
In 2023, the median undergraduate tuition at High Point University was $38,748, notably higher than the national average for Baccalaureate Colleges, which stands at $29,280. This reflects the university's commitment to providing state-of-the-art facilities and resources across disciplines. The cost of tuition at High Point University is $9,468 more than than the overall (public and private) national average for Baccalaureate Colleges ($29,280).
Room and Board
The average yearly cost of room and board at High Point University was $14,262 in 2023, a slight increase of 2.21% from the previous year. All HPU students are required to reside on campus until they have reached senior status, unless they commute from their parent’s permanent address. There will be an additional investment for students choosing an upgraded housing option. 98% of the freshmen are in Tier 1 and Tier 2 housing. For more information about individual residence halls, please visit our Residence Life page. Single occupancy room in Finch and McEwen; Double occupancy room in University Center II and R.G. Single occupancy room in the R.G.
Other Expenses
Beyond tuition and room and board, students should also budget for books, supplies, and personal expenses. In 2023, the average yearly cost of books and supplies was $1,500.
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Understanding Net Price
The "net price" is the amount a student pays after factoring in grants and scholarships. In 2023, High Point University had an average net price of $43,578. This figure can vary significantly based on a family's income and assets, and it's essential to use HPU's net price calculator to get a personalized estimate. The cost of attendance can vary from year to year and will typically rise over your four years in college. College costs can look different for every student based on their financial situation.
Financial Aid Options
High Point University is committed to making education accessible and offers various financial aid options, including merit-based scholarships, need-based grants, and federal student loans. Through both merit and need-based aid, HPU contributes nearly $80 million each year to student financial support.
Merit-Based Scholarships
Every student who applies and is accepted for admission at High Point University will be considered for merit-based scholarships. These scholarships are generally renewable provided that the student maintains a designated minimum grade point average.
Need-Based Grants and Scholarships
Need-based scholarships take a student’s financial status into account. In 2023, 86% of undergraduate students at High Point University received financial aid through grants. Interested students should submit the Free Application for Federal Student Aid (FAFSA) electronically via www.fafsa.ed.gov. The earliest that students may begin filing the FAFSA is October 1 of the senior year prior to entrance to HPU. The HPU school code is 002933. The results from filing the FAFSA will be electronically transmitted to HPU for review. This form will produce an expected family contribution based on the family's financial data and will determine students' eligibility for aid.
If you're a North Carolina resident with demonstrated financial need, be sure to look into state grants to help pay for High Point. The state offers two major need-based grants: The NC Need-Based Scholarship for Private College Students and the NC Scholarship. Both are reserved for needy students, and the former is reserved for those attending private schools.
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The federal government awards Pell Grants to undergraduate students who demonstrate financial need by filling out the FAFSA. Students with a bachelor’s or professional degree are not eligible. Pell Grants do not be repaid. If you receive a Pell Grant, the award amount should remain consistent at any college you gain admission to.
Student Loans
Many graduate students use the Free Application for Federal Student Aid or FAFSA loans to support their graduate education (School Code 002933). Information about these loans is available in the office of Student Financial Services. William B. Secure Financing for Your Graduate Education by Completing the FAFSA. Unlock the financial support you may need for the investment in your education journey.
At High Point University, the median federal loan debt among borrowers who completed their undergraduate degree is $24,575. The median monthly federal loan payment (if it were repaid over 10 years at 5.05% interest) for student federal loan borrowers who graduated is $261.
Outside Scholarships
Students can use outside scholarships to supplement their financial aid package at High Point. Outside scholarships are awards offered by private and non-profit organizations separate from their college.
Additional Financial Considerations
Payment Plans
HPU offers payment plans to help families spread tuition costs over time. Contact the Office of Student Financial Planning for more information.
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Financial Literacy
High Point University emphasizes fiscal literacy as a crucial life skill. Innovative educational initiatives like the president's First-Year Seminar on Life Skills, a required course for all freshmen, ensure students grow not only in specific academic areas of expertise but also develop competencies in communication, networking, coachability, fiscal literacy and service.
Cost of Attendance Appeals
Cost of attendance can be increased by expenses related to short-term housing, charges for health insurance and/or meal plans by term. If a student incurs other costs associated with their degree, either directly or indirectly, that are above the allotted cost of attendance, they can appeal to have their cost of attendance increase. This could include expenses such as health insurance, short-term housing for clinicals, purchase of a computer or other course-related materials, dependent care, or car repairs.
Student Health Insurance
High Point University is delighted to offer the availability of student health insurance. Students who are enrolled in a graduate health profession program are required to have health insurance while a student. Students may waive the university provided medical insurance with proof of other comparable insurance prior to the start of the academic year. Student Medical Insurance rates are reviewed annually and rates are subject to change.
Return on Investment (ROI)
While the sticker price and net price are important, it's also crucial to consider the long-term value of a High Point University education. HPU emphasizes preparing students for the world as it’s going to be, not as it is. HPU is a values-based institution that arms students with the life skills employers want. This is best showcased by the 99% placement rate for graduates employed or continuing their education within 180 days of graduation. 68% of students who start at High Point University finish their degree within six years of enrolling. This is 10% more than the national median.
The median income of students 10 years after starting at High Point University is $61,389. Graduates of High Point take out a median of $24,575 in federal student loans.
Making an Informed Decision
Navigating the costs of college can be daunting, but High Point University provides resources and support to help students and families make informed decisions. By understanding the various components of tuition, fees, and financial aid, prospective students can assess the value of an HPU education and plan for their future success. The Office of Student Financial Planning works diligently to assist students in their pursuit of postsecondary education at High Point University. Although the financial aid process can be complex, HPU's Financial Planning staff are well trained and highly qualified to make students' experiences positive and rewarding.
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