Michigan College of Beauty-Troy
2 Year Degrees
Main Campus
Great Lakes Region
http://michigancollegeofbeautytroy.com/
Average Annual Tuition at Michigan College of Beauty-Troy
The latest data we have for Michigan College of Beauty-Troy's annual average net costs are from 2021. These costs and and the average Michigan 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 | |
|---|---|---|---|---|
| Michigan College of Beauty-Troy | $21,500 | $21,500 | $6,333 | $18,991 |
| MI Average | $17,538 | $17,538 | $9,972 | $14,648 |
As you can see, annual costs at Michigan College of Beauty-Troy 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 Michigan as well. Michigan's' higher education costs rose by 30.8% in just the last 10 years, ranking as the 31st highest state.
Michigan College of Beauty-Troy Financial Assistance
75% of students enrolled at Michigan College of Beauty-Troy receive some form of Federal loan assistance. You can view Michigan College of Beauty-Troy'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 there are monetary penalties imposed when withdrawn for other uses.
Michigan offers a direct-sold 529 savings plan (MESP) and an advisor-sold 529 plan (MI 529 Advisor). Michigan also offers a prepaid tuition program (MET) open to Michigan beneficiaries.
| State Plan Name: | Michigan Education Savings Program |
|---|---|
| Minimum Contribution: | $25 |
| Maximum Contribution: | $500,000 per beneficiary, across accounts |
| Fees: | No enrollment or account maintenance fees; 0.07% program management fees (0.02% manager fee plus 0.05% state fee) |
Michigan School Statistics
We've analyzed all other higher education schools in MI, and wrapped it up nicely into a report for you. View our MI analysis report.
There are 77 other accredited private schools located in the state of Michigan. You can view all MI schools here.