Hey everyone, I've been seriously considering SMU for my collegiate journey. But, I know private universities can sometimes be pricier. Does anyone have an estimate for the total yearly cost (tuition and living expenses) for SMU?
Southern Methodist University (SMU), like many private universities, does have a higher cost of attendance. The estimated tuition for the 2024-2025 academic year is approximately $59,500. Keep in mind, this figure covers tuition and most fees—it does not include other costs such as books, supplies, or personal expenses.
Additionally, the room and board will vary depending on the housing and meal plan selected by the student. However, an average approximation for room and board would be around $19,064 per year.
Don't forget about other miscellaneous expenses. Depending on your lifestyle and personal needs, you may need to consider budgeting for things like personal expenses, transportation, books, and supplies. A reasonable estimate for those could range anywhere from $3,000 to $5,000 per academic year.
Adding these together, you're looking at a total cost of attendance (including tuition, room and board, and miscellaneous expenses) in the ballpark of $83,000 to $86,000 per academic year.
Keep in mind that these are just estimates and the actual cost may vary. Also, remember that a lot of students don't actually pay the sticker price due to financial aid and scholarships. Don’t forget to complete FAFSA to see if you're eligible for any federal grants or loans. Additionally, SMU offers a variety of need-based and merit-based scholarships, so be sure to explore those options when considering the overall cost.
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