SMU's tuition & fees has increased from $45,940 (2014) to $64,460 (2024), and the rate of tuition increase is 40.31% over the past 10 years. The graduate school tuition & fees has raised from $46,066 (year 2014) to $37,062 (year 2024).
SMU's tuition increase rate is higher than the Texas's average increase rate of 30.58%. Compare to all colleges in United States, it's increase rate is higher than the average increase rate of 28.12%.
Cost of Attendance (COA) Trends
The total cost of attendance (COA), including tuition & fees, books & supplies costs, and living costs, increased by 34.55% from 2014 ($63,985).
For the current academic year 2023-2024, SMU's COA is $86,090, which is increased by 3.56% from last year.
The following table and chart show changes to SMU's COA over the past 10 years.
Tuition & Fees Changes
The tuition & fees have increased 40.31% for the last 10 years , and the 2024 tuition & fees are $64,460. The following table and chart show the tuition & fees changes at Southern Methodist University over last the 10 years.
Books & Supplies Costs Changes
The cost of purchasing books & supplies which are required/recommended for courses $800, and it has not changed since 2014.
| Year | Books & Supplies | Change by Year |
|---|
| 2014-15 | $800 | - |
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| 2015-16 | $800 | |
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| 2016-17 | $800 | |
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| 2017-18 | $800 | |
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| 2018-19 | $800 | |
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| 2019-20 | $800 | |
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| 2020-21 | $800 | |
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| 2021-22 | $800 | |
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| 2022-23 | $800 | |
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| 2023-24 | $800 | |
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Living Costs Changes
The living costs including room, board, and other living expenses have increased 20.79% when a student lives on-campus facilities and 20.79% when living-off campus from the year 2014 to 2024. The following table shows the changes in living costs at Southern Methodist University.
| Year | Living On Campus | Living Off Campus | Change by Year |
|---|
| 2014-15 | $17,245 | $11,300 | - |
|---|
| 2015-16 | $18,175 | $11,300 | 5.39% |
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| 2016-17 | $18,725 | $11,300 | 3.03% |
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| 2017-18 | $19,110 | $11,300 | 2.06% |
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| 2018-19 | $19,445 | $11,300 | 1.75% |
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| 2019-20 | $19,350 | $11,300 | -0.49% |
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| 2020-21 | $19,710 | $11,300 | 1.86% |
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| 2021-22 | $20,038 | $11,300 | 1.66% |
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| 2022-23 | $20,350 | $11,300 | 1.56% |
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| 2023-24 | $20,830 | $13,408 | 2.36% |
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Compare Tuition Change to Similar Colleges
The following table compares 2024 tuition and increase rate from last year between Southern Methodist University and similar schools.
| 2024 | 2023 | Increase Rate |
|---|
| Southern Methodist University | $64,460 | $61,980 | 4.00% |
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|
| University of Connecticut | $43,034 | $42,102 | 2.21% |
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|
| Rutgers University-New Brunswick | $36,001 | $33,963 | 6.00% |
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|
| University of Louisville | $29,174 | $28,866 | 1.07% |
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| University of Cincinnati-Main Campus | $28,240 | $27,668 | 2.07% |
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| Temple University | $37,248 | $35,603 | 4.62% |
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