Quad

Key differences on Cost & aid

  1. 1

    Shepherd's grants cover 30% of its full price on average, vs. 25% at Montana State University Billings

    Aid generosity
  2. 2

    Shepherd costs about $1.3K less per year on average than Montana State University Billings ($18,299 vs. $19,576, all students)

    Average cost, all students

Cost & aid

Cost & aid

Average cost, aid generosity, net price by family income, sticker prices, and grants.

What students pay

Average cost, all students
Shepherd$18.3K
Montana State University Billings$19.6K
Aid generosity
Shepherd30%
Montana State University Billings25%
Net price, with grants
Shepherd$11.7K
Montana State University Billings$15K

Grants

First-years receiving grants
Shepherd96%
Montana State University Billings90%
Average grant
Shepherd$8.2K
Montana State University Billings$7.3K
Aid from the college
Shepherd87%
Montana State University Billings78%

Sticker prices

On one scale, so the bars read against each other.

Sticker price, in-state
Shepherd$23.5K
Montana State University Billings$23.7K
Sticker price, out-of-state
Shepherd$34K
Montana State University Billings$38.3K
Tuition & fees, in-state
Shepherd$8.6K
Montana State University Billings$6.7K
Tuition & fees, out-of-state
Shepherd$19.1K
Montana State University Billings$21.3K
First-years paying out-of-state rates
Shepherd26%
Montana State University Billings17%
What families at each income pay

Up to $110K: the average net price per year for students receiving federal aid, 2023–24; families who didn't file the FAFSA aren't included. Above it the published data end. For your own number, use the college's net price calculator .

Family income per year $150K

  • ShepherdPublished data end at $110K
  • Montana State University BillingsPublished data end at $110K

Published (federal figure, up to $110K) EstimateBars share one scale: the largest full price.

Where need-based aid ends, merit, and published promises

MetricShepherdMontana State University Billings
Need-based aid up to Published data end at $110KPublished data end at $110K
Merit for students without need ––
Published promise ––

A college's own promise is stated for a typical family and changes yearly; where a promise and our estimate disagree, the promise wins. Merit has no income limit, so it can lower the price above the point where need-based aid ends.

Tuition guarantee & Promise program

MetricShepherdMontana State University Billings
Tuition guarantee NoNo
Promise program NoYes

All cost numbers in the table

Sources:IPEDS Institutional Characteristics survey, 2023–24;IPEDS Student Financial Aid survey, 2023–24;College Scorecard, 2023–24;College Scorecard, most recent release;Common Data Set, most recent releaseAbout the data(retrieved 2026-10-12)

Figures are the newest each college has published; years can differ between colleges. Each value's ⓘ shows its source and year. Why