Millsaps College
4 Year Degrees
Main Campus
Southeast Region
http://www.millsaps.edu/
Average Annual Tuition at Millsaps College
The latest data we have for Millsaps College's annual average net costs are from 2021. These costs and and the average Mississippi 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 | Avgerate Net Cost | |
|---|---|---|---|---|
| Millsaps College | $43,815 | $43,815 | $27,000 | $23,169 |
| MS Average | $16,262 | $16,262 | $25,844 | $13,927 |
As you can see, annual costs at Millsaps College 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 Mississippi as well. Mississippi's' higher education costs rose by 42.2% in just the last 10 years, ranking as the 18th highest state.
Millsaps College Financial Assistance
64% of students enrolled at Millsaps College receive some form of Federal loan assistance. You can view Millsaps College's student aid calculator here.
Use a 529 Plan to Offset Rising Education Costs
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 there are monetary penalties imposed when withdrawn for other uses.
The manager for the Mississippi Affordable College Savings (MACS) Program changed from TIAA-CREF to Intuition College Savings Solutions, LLC in June 2017. The MACS Advisor Program was terminated on May 17, 2013 and accounts in the program were transferred to the MACS Direct Program. Mississippi also offers a prepaid tuition program (MPACT), which is open only to Mississippi residents.
| State Plan Name: | Mississippi Affordable College Savings Program |
|---|---|
| Minimum Contribution: | $25 |
| Maximum Contribution: | up to $235,000 per beneficiary, across accounts |
| Fees: | $20 annual statement fee unless you elect for electronic delivery; 0.6% manager fee |
Mississippi School Statistics
We've analyzed all other higher education schools in MS, and wrapped it up nicely into a report for you. View our MS analysis report.
There are 9 other accredited private schools located in the state of Mississippi. You can view all MS schools here.