Average Annual Tuition at United States Merchant Marine Academy
The latest data we have for United States Merchant Marine Academy's annual average net costs are from 2018. These costs and and the average New York 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|
|United States Merchant Marine Academy||$1,080||$1,080||$12,000||$5,024|
As you can see, annual costs at United States Merchant Marine Academy 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 New York as well. New York's' higher education costs rose by 33% in just the last 10 years, ranking as the 28th highest state.
United States Merchant Marine Academy Financial Assistance
8% of students enrolled at United States Merchant Marine Academy receive some form of Federal loan assistance. You can view United States Merchant Marine Academy'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 there are monetary penalties imposed when withdrawn for other uses.
New York has two 529 savings programs to choose from - a direct-sold plan featuring Vanguard mutual funds, and an advisor-sold program featuring funds from JPMorgan and SSgA. Both New York 529 plans are managed by Ascensus College Savings.
|State Plan Name:||New York's 529 College Savings Program|
|Maximum Contribution:||up to $520,000 across accounts|
|Fees:||0.15% of assets annually|
New York School Statistics
We've analyzed all other higher education schools in NY, and wrapped it up nicely into a report for you. View our NY analysis report.
There are 44 other accredited public schools located in the state of New York. You can view all NY schools here.