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North Carolina State University will cost you this much

Mediafeed 12/31/2022 Susan Guillory

North Carolina State University is a leading four-year public research university located in Raleigh, North Carolina. The university offers degrees ranging from associate’s to doctoral. Read on to learn about NC State admissions and acceptance rates, NC State tuition, popular majors, and much more.

Total Cost of Attendance

NC State tuition and other costs in 2021-2022 were as follows

•  In-state tuition and fees: $9,131, an increase of .3% over the previous year

•  Out-of-state tuition and fees: $29,916, an increase of 2.4% over the previous year

•  Books and supplies: $1,094, an increase of 1.1% over the previous year

•  On- and off-campus room and board: $11,957, an increase of 3.1% over the previous year

•  Other fees: $2,804, an increase of 1.2% over the previous year

Total costs, then, are as follows:

•  Total in-state: $24,986, an increase of 1.8% over the previous year

•  Total out-of-state: $45,771, an increase of 2.5% over the previous year

Financial Aid

In the 2020-2021 academic year, 74% of first-time, full-time undergraduates received some type of aid. More specifically:

•  Grant or scholarship aid: 62% received these funds with the average amount being $9,318

•  Federal grants: 44% received these funds with the average amount being $2,957

•  Pell grants: 18% received these funds with the average amount being $5,129

•  Other federal grants: 43% received these funds with the average amount being $845

•  State/local: 19% received these funds with the average amount being $3,922

•  Institutional: 47% received these funds with the average amount being $7,927

•  Student loan aid: 41% received these funds with the average amount being $7,162

•  Federal student loans: 40% received these funds with the average amount being $5,022

•  Other student loans: 6% received these funds with the average amount being $14,600

Generally, financial aid is monetary assistance awarded to students based on personal need and merit. Students that qualify for financial aid can use it to pay for college costs like tuition, books, and living expenses.

Recommended: Scholarship Search – College Scholarships Finder Tool

The federal government is the largest provider of student financial aid. However, aid can also be given by state governments, colleges and universities, private companies, and nonprofits. The different types include:

•  Scholarships: These can be awarded by schools and other organizations based on students’ academic excellence, athletic achievement, community involvement, job experience, field of study, and financial need.

•  Grants: Generally based on financial need, these can come from federal, state, private, and non-profit organizations.

•  Work-study: This federal program provides qualifying students with part-time employment to earn money for expenses while in school.

•  Federal student loans: This is money borrowed directly from the U.S. Department of Education. It comes with fixed interest rates that are typically lower than private loans.

Colleges, universities, and state agencies use the Free Application for Federal Student Aid (FAFSA) to determine financial aid eligibility. The FAFSA can be completed online, but note that state and federal and school deadlines may differ.

You can find other financial aid opportunities on databases such as:

•  US Department of Education  – Search for grants from colleges and universities by state

•  College Scholarship Service Profile (CSS)  – A global college scholarship application used by select institutions to award financial aid

Recommended: The Differences Between Grants, Scholarships, and Loans

Private Student Loans

At SDSU, 3% of students in 2019-2020 received private student loan funding and the university offers guidance on how to apply for them.

Private loans are funded by private organizations such as banks, online lenders, credit unions, some schools, and state-based or state-affiliated organizations. While Federal student loans have interest rates that are regulated by Congress, private lenders follow a different set of regulations so their qualifications and interest rates can vary widely.

What’s more, private loans have variable or fixed interest rates that may be higher than federal loan interest rates, which are always fixed. Private lenders may (but don’t always) require you to make payments on your loans while you are still in school, compared to federal student loans which you don’t have to start paying back until after you graduate, leave school, or change your enrollment status to less than half-time.

Private loans don’t have a specific application window and can be applied for on an as-needed basis. However, if you think you may need to take out a private loan, it’s a good idea to submit your FAFSA first to see what federal aid you may qualify for as it generally may have better rates and terms.

If you’ve missed the FAFSA deadline or you’re struggling to pay for school throughout the year, private loans can potentially help you make your payments. Just keep in mind that you will need enough lead time for your loan to process and for your lender to send money to your school.

Recommended: Guide to Private Student Loans

Projected 4-Year-Degree Price

Using the 2020-2021 NC tuition rates, in-state tuition and fees for four years would equal $36,524 without tuition increases.

Out-of-state tuition and fees would equal $119,664 over four years without tuition increases.

Here’s some North Carolina Student Loan & Scholarship Information for you.

Undergraduate Tuition and Fees

In 2020-2021, NC State tuition was as follows:

•  In-state tuition and fees: $9,131, an increase of .3% over the previous year

•  Out-of-state tuition and fees: $29,916, an increase of 2.4% over the previous year

Total costs were:

•  Total in-state: $24,986, an increase of 1.8% over the previous year

•  Total out-of-state: $45,771, an increase of 2.5% over the previous year

Average costs for in-state students at four-year public universities in 2020-2021 were $15,900, making North Carolina State 57% higher. Average costs for out-of state students were $19,600, making North Carolina 134% higher.

Graduate Tuition and Fees

In 2021-2022, NC State tuition for graduate students was as follows:

•  In-state: $9,095 plus $2,608 in fees for a total of $11,703

•  Out-of-state: $27,082 plus $2,608 in fees for a total of $29,690

In 2019-2020, the average graduate-level tuition for public universities was $11,673.

Cost per Credit Hour

The cost per credit hour at NC State for undergrads is $62.50, and $83.33 for graduate students, according to the North Carolina State website. As noted in the tuition sections in this guide, NC State tuition is competitive.

Campus Housing Expenses

In the 2020-2021 academic year, on- and off-campus room and board cost $11,957, an increase of 3.1% over the previous year. The university provides virtual tours of suite-style residence halls. NC also offers a resource to help students find off-campus housing. A sampling of rents for apartments within 1.5 miles of the university are:

•  Two to four beds: $685-$825/bedroom

•  One bed: $514-$1,463/bedroom

Note that apartment leases may be for a full year rather than just the academic year.

North Carolina State University Acceptance Rate

In fall 2021, 32,998 students applied to the university, and the NC State acceptance rate was 47%.

Admission Requirements

Students can apply online, selecting up to two majors. SAT and ACT test scores are optional in 2023-2024. Applicants should complete an essay and answer short questions, and send in their transcripts. During the NC State admissions process, the university will look for academic accomplishments, extracurricular achievements, background information, and individual stories.

Fall deadlines for NC State admissions are listed on the website as follows:

•  Early action: November 1 of the year before admissions

•  Regular decision: January 15 of the academic year

SAT and ACT Scores

NC State will be test optional in 2023 and 2024. Of the students who enrolled in fall 2021 and submitted scores, 21% submitted SAT scores and 34% submitted ACT scores with the following 25th and 75th percentile numbers:

SAT and ACT Scores © Provided by Mediafeed SAT and ACT Scores

Popular Majors at North Carolina State

In 2021, 6,377 undergraduates received their degrees. Here are some of the most popular majors.

1. Business Administration

Students learn how to run businesses, discovering how components work together for success. Undergraduates learn both business strategy and operational functions. In 2021, 12.6% of graduating undergraduates earned this degree.

2. Biology

Undergraduates start with a foundational focus on biological cell structures, organisms, and more, before choosing courses that dovetail with more specific interests. In 2021, 6.2% of undergraduates who graduated completed this degree.

3. Mechanical Engineering

Students develop and design everything from autonomous vehicles to manufacturing methods, and from robots and satellites to innovative engineering tools and more in this program. In 2021, 4.5% of graduating undergraduate students earned this degree.

4. Psychology

Psychology majors learn about theories and how they’re applied—and the associated real-life impacts. Undergraduates study human development, mental health challenges, stress-related issues, and more. In 2021, 4.4% of graduating undergraduates earned this degree.

5.Computer Science

Students learn how to design, implement, and test computer systems with a focus on programming languages, software engineering, data structures, security issues, and more. In 2021, 3.8% of graduating undergraduates finished this degree program.

6. Speech Communication

Undergraduates learn about, test, and improve interpersonal communication skills as preparation for a professional career in media, business, non-profit agencies, and more. In 2021, 3.7% of graduating undergraduates received a diploma in this degree.

7. Textile Engineering

In this interdisciplinary program, students learn a variety of engineering and scientific principles. They work on projects that can range from designing personal protective equipment to artificial arteries. In 2021, 3.3% of graduating undergraduates earned this degree.

8. Animal Sciences

Students pick from three concentrations: veterinary bioscience, science, and industry. The science program is created for those who plan further study in physiology, genetics, nutrition, and similar disciplines. In 2021, 2.7% of graduating undergraduates earned this degree.

9. Electrical Engineering

Undergraduates receive a strong education in mathematics and sciences along with a focus on electric circuit theory, electromagnetics, digital logic, computer systems, and much more. In 2021, 2.6% of graduating undergraduates completed this degree program.

10. Political Science

This program appeals to students interested in public and non-profit sector careers, and justice and the law. Undergraduates can choose to pursue a broad scope of education or a more niche program. In 2021, 2.6% of graduating undergraduates received this degree.

Graduation Rate

Using data from students starting in fall 2015, graduation rates are as follows:

•  4 years: 64%

•  6 years: 85%

Post-Graduation Median Earnings

Median earnings of a NC State graduate is $61,353 compared to the national median of $47,891. This makes NC graduate earnings 28.1% higher than the average.

Bottom Line

North Carolina State University provides students with a quality education at a good value, and nearly one in every two applicants is accepted. NC State tuition is competitively priced, and close to half of incoming first-time students receive an institutional grant for their education. Plus, graduates go on to earn a median salary that’s 28% higher than average.

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