These annual costs for Dillard University and the average Louisiana schools include tuition, fees, living expenses, books, and fees minus the average grants and scholarships for federal financial aid recipients.
|In-state Tuition||Out-of-state Tuition||Median Debt||Total In-state Annual Cost|
As you can see, annual costs at Dillard University have risen over the last few years, and are projected to continue to skyrocket based on our analysis.
Actual Costs Projected Costs
Colleges and universities across the United States experienced cost (tuition + living) increases of 2.5% in 2019. This most recent inflation figure was down slightly from the 2.9 percent in 2018 and 3.4 percent in 2017, but still underscores the rising costs of sending your children to higher education.
These rising costs are hitting closer to home in Louisiana as well. Louisiana's' higher education costs rose by 106.9% in just the last 10 years, ranking as the 1st highest state.
87% of students enrolled at Dillard University receive some form of Federal loan assistance. You can view Dillard University's student aid calculator here.
One of the most sound investments you can make to help pay for your child's higher education is by using a 529 plan. These funds grow in a tax-free environment, and generally have a 3-5% rate of return. The only catch is that all funds need to be used for higher education, and if not... there are monetary penalties imposed when withdrawn for other uses.
Louisiana’s 529 college savings plan is subsidized by the state, resulting in no costs to the participant above the underlying fund expenses. However, only those meeting Louisiana residency requirements may participate in this 529 plan. Vanguard mutual funds and the State Treasurer’s fixed income fund are utilized in the age-based and static portfolio options available through this savings program.
|State Plan Name:||START Savings Program|
|Maximum Contribution:||Equal to five times the qualified higher education expenses at the highest-cost institution in the state. Although Louisiana calculates this amount once per year, the most recent published dollar amount is $303,260 from 2013.|
|Fees:||No fees charged by Louisiana, but the fund you invest in will charge a fee based on its underlying expenses. Usually between 0.045% and 0.40%.|