Average Annual Tuition at Carroll College
The latest data we have for Carroll College's annual average net costs are from 2018. These costs and and the average Montana 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|
As you can see, annual costs at Carroll 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 Montana as well. Montana's' higher education costs rose by 10.9% in just the last 10 years, ranking as the 48th highest state.
Carroll College Financial Assistance
53% of students enrolled at Carroll College receive some form of Federal loan assistance. You can view Carroll 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 there are monetary penalties imposed when withdrawn for other uses.
Achieve Montana is a direct-sold plan managed by Ascensus College Savings, and offers age-based and static investment options using Vanguard and DFA funds plus an FDIC-insured savings option. The Montana Family Education Savings Program (Bank Plan) was closed to new investors in July 2015.
|State Plan Name:||Montana Family Education Savings Program|
|Maximum Contribution:||up to $396,000 per beneficiary across all accounts|
|Fees:||0.67% to 0.83% of assets, depending on investments; $25 annual account maintenance fee, waived for Montana residents or people who use an automatic investment plan, payroll deduction or have an account balance of at least $25,000.|
Montana School Statistics
We've analyzed all other higher education schools in MT, and wrapped it up nicely into a report for you. View our MT analysis report.
There are 4 other accredited private schools located in the state of Montana. You can view all MT schools here.