Home / Average Student Loans for William and Mary Online MBA Cost
Home / Average Student Loans for William and Mary Online MBA Cost
Home / Average Student Loans for William and Mary Online MBA Cost
When considering pursuing an online MBA from William and Mary, one of the top concerns for many prospective students is the cost of the program. The tuition for the online MBA program at William and Mary is $1,450 per credit hour, with a total of 49 credit hours required to complete the program. This brings the total cost of tuition to $70,850.
However, many students rely on student loans to cover the cost of their education. The average amount of student loans taken out by students to cover the William and Mary online MBA cost can vary depending on individual circumstances, such as financial need, scholarships, and other sources of funding.
According to data from the William and Mary Financial Aid Office, the average amount of student loans taken out by online MBA students to cover the cost of their education is as follows:
| Academic Year | Average Loan Amount |
|---|---|
| 2020-2021 | $25,000 |
| 2019-2020 | $23,500 |
| 2018-2019 | $22,000 |
As you can see from the table above, the average amount of student loans taken out by online MBA students at William and Mary has been increasing over the years. This is likely due to the rising cost of education and the need for students to rely on loans to cover their expenses.
It's important to keep in mind that these are just averages, and individual student loan amounts can vary significantly based on personal financial situations. Some students may need to take out more loans to cover the full cost of tuition, while others may be able to supplement their education with scholarships, grants, or other forms of financial aid.
Before deciding to pursue an online MBA at William and Mary, it's essential to carefully consider your financial situation and explore all available options for funding your education. By doing so, you can make an informed decision about how much student loan debt you may need to take on to achieve your academic and career goals.