Cost Details
- In-State Tuition
- $13,014
- Out-of-State Tuition
- $13,014
- Average Net Price
- $15,360
- Students Receiving Financial Aid
- 71.4%
- Room & Board (On Campus)
- $10,000
- Room & Board (Off Campus)
- $14,376
- Books & Supplies
- $1,200
- Total Cost of Attendance
- $24,214
- Median Debt at Graduation
- $24,736
- Estimated Monthly Loan Payment
- $262/mo
- Loan Repayment Rate
- 38.7%
- Students Taking Federal Loans
- 62.7%
- Pell Grant Recipients
- 71.4%
Net Price by Family Income
Average annual net price after grants and scholarships. Source: U.S. Department of Education
| Family Income | Average Net Price |
|---|---|
| $0 – $30,000 | $15,661 |
| $30,001 – $48,000 | $14,460 |
| $48,001 – $75,000 | $15,092 |
| $75,001 – $110,000 | $20,335 |
Cost Estimator
Cost Overview
Most families pay around $15,360 after aid, despite the $13,014 sticker price. Lower-income families earning under $30,000 pay $15,661, while middle-income families between $30,000-$48,000 get the best deal at $14,460. Four years costs roughly $61,440 for most students. This historically black college draws 71% of students from families receiving Pell Grants.
Graduates leave with $24,736 in median debt, translating to $262 monthly payments. That payment represents about 8% of the $38,427 median salary graduates earn ten years out. Only 39% of borrowers successfully repay their loans on schedule. The employment rate reaches 96%, reflecting strong job placement despite modest starting salaries.
Middle-income families between $30,000-$48,000 get the strongest value proposition here. They pay less than both lower and higher-income brackets while accessing the same liberal arts education and Methodist college experience that has served the Black community since 1877.
Graduates leave with $24,736 in median debt, translating to $262 monthly payments. That payment represents about 8% of the $38,427 median salary graduates earn ten years out. Only 39% of borrowers successfully repay their loans on schedule. The employment rate reaches 96%, reflecting strong job placement despite modest starting salaries.
Middle-income families between $30,000-$48,000 get the strongest value proposition here. They pay less than both lower and higher-income brackets while accessing the same liberal arts education and Methodist college experience that has served the Black community since 1877.
Official Net Price Calculator
Get a personalized cost estimate from Philander Smith University:
Visit Official Net Price CalculatorThis links to the school's federally-required net price calculator for a personalized estimate.