Finances

“How am I going to pay for this?” is probably the most frequently asked question when students are considering a college education, and deservedly so. It is important to think of your college education as an investment in your future.  As with any investment, you have to do your homework and explore all possibilities and resources.

Scholarships
Scholarships are awarded based upon ACT/SAT scores, grades, and in many cases, financial need.  Entering freshmen wishing to be considered for merit-based scholarships should complete an admissions application to the University of Montevallo and be admitted prior to the scholarship deadline.   General requirements for scholarships begin with a 24 ACT or 1090 SAT and a 3.0 high school GPA.  Scholarships listed are Fall 2013 &  Spring 2014.  Scholarships have a December 1st priority deadline.

Presidential Honors            30 – 36  ACT    $7,000 per year

Freshman Leadership          27 – 29 ACT     $5,500 per year

Academic Recognition         24 – 26 ACT    $4,000 per year

MLK, JR Scholarship          23 ACT or Higher for competitive minority students.  Amount of scholarship varies.

Additional Scholarships
Montevallo Ambassador Program Scholarship (M.A.P.S.) –  December 1 Deadline
Scholarship covers the full value of tuition, fees, room & board, and a book stipend.  Minimum 30 ACT and 3.5 GPA. Resume, letters of recommendation and potential interview required.

Transfer Student Scholarships

Community College Deans            June 1        3.25 GPA          $3,000 per year
*student is required to live on campus

Community College Presidents    June 1        3.25 GPA           $3,000 per year

Phi Theta Kappa Scholarship       June 1        PTK Member      $1,000 per year

Additional scholarship information can be found at by clicking here.

Financial Aid

Each year the University of Montevallo awards financial aid to students with demonstrated www.montevallo.edu/cashier need who complete the Free Application for Federal Student Aid (FASFA).  In order to be considered for grant money, student loans and work study programs, a student must complete the FASFA.  The priority date for filing the FASFA is March 1st prior to the fall semester and can be completed online at either www.fafsa.ed.gov.  This is a priority date and not a deadline.  The University of Montevallo school code is 001004.  If you have any problems with the FASFA website, please call 1-800-433-3234

In order to be awarded, you must be admitted to the University of Montevallo in a degree seeking program.  Typically awarding begins in March for new students who have completed the application process.  The Office of Student Financial Services has provided detailed information that will be helpful to you at www.montevallo.edu/finaid.  Please take time to read the information and contact the Office of Student Financial Services at 205-665-6050 if you have questions.

If interested in the University of Montevallo’s payment plan, information is available at www.montevallo.edu/cashier.


All cost are estimates and include tuition, fees, cable, room and board based upon 24 credit hours per year (12 credit hours per semester) and double occupancy housing for Fall 2013 & Spring 2014.

In-State                        $14,166 (for Hanson, Main, Napier & Tutwiler Residence Halls)
Out-of-State                $21,918

In-State                        $14,796 (for Brooke & Lund Residence Halls with private baths)
Out-of-State                $22,548

In-State                        $16,766 (for New Residential College Hall – apartment style)
Out-of-State                $24,518

Off-Campus Students
In-State                       $8,104
Out-of-State               $15,856

Fees
Health Wellness Fee            $180

Student Activity Fee              $120

Administrative  Fee               $40

Green Fee                                  $10

Technology Fee                      $100

There are many tools to help you determine the overall cost of attendance and the amount of aid for which you might qualify. Please visit any of the links below to help you in this all-important process.

FAFSA Forecaster from the U.S. Department of Education – a tool which will make it easier when you apply for financial aid 
 www.fafsa4caster.ed.gov

Online Financial Aid Calculators includes an expected family contribution (EFC) calculator, college cost estimator, and a loan comparison calculator, among other tools
 www.finaid.org/calculators

College Savings Calculator from the US Department of Education’s Federal Student Aid site https://studentaid2.ed.gov/getmoney/save_for_college/save_calculator.html

College Financing Calculators from College Board 
www.collegeboard.com/article/0,,6-29-0-401,00.html

Financial Aid Need Estimator from the ACT web site 
www.act.org/fane

Estimate Your Family Contribution 
http://apps.collegeboard.com/fincalc/efc_welcome.js

Contact the Office of Undergraduate Admissions at 1-800-292-4349, if you have additional questions.