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Caltech Tuition & Cost

Pasadena, California

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How much does it cost to attend?

Sticker Price

Costs for California Institute of Technology
Fee Cost
Books and Supplies$1,428
Other Fees$2,316
Room and Board $17,748
Other Expenses Budget$2,091

Annual Tuition & Costs

The annual tuition to attend California Institute of Technology is $56,364. The cost is the same for both in-state and out-of-state students. Room and board fees are an additional $17,748. For educational materials, students should allocate approximately $1,428 for books and supplies plus $2,316 for other fees charged by the school. Finally, students should budget $2,091 for miscellaneous expenses throughout the year. With all these fees considered, the expected total cost to attend California Institute of Technology on a full-time basis is $79,947 per annum.

All price data is sourced from the 2021/2022 U.S. Department of Education National Center for Education Statistics survey.
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Net Price

The average reported annual net price for California Institute of Technology for students receiving grants or scholarship aid was $26,591 in 2019/2020. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

The net price provides a more realistic estimate of the true cost of attending California Institute of Technology, once common grants and scholarships have been taken into account. It's important to note that this net price can fluctuate based on factors such as family income and individual financial need.

Average Net Price 2019/2020

Net Price by Income California Institute of Technology
Family Income Net Price Paid
$0 to $30,000-$539
$30,001 to $48,000$12,190
$48,001 to $75,000$9,755
$75,001 to $110,000$20,010

Financial Aid

59% of full-time undergrad California Institute of Technology received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $48,172 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 4% of students received Federal Student Loans averaging $5,500 and 17% of undergrads took out private student loans averaging $4,705.

Finanical Aid California Institute of Technology
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $48,172 59%
Institutional Grants and Scholarships $46,163 57%
Pell Grants $4,599 11%
Other Federal Grants $3,507 13%
State and Local Grants $9,084 2%
Federal Student Loans $5,500 4%
Other Student Loans $4,705 17%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to California Institute of Technology, we've modeled a ten year student loan with an original principal value of $101,528. The loan balance of $101,528 is a four year multiple of the $25,382 average net price. This is a estimate of what you could owe upon graduation if you were to qualify for average financial aid and what a degree really may cost. Should you not qualify for financial aid, you may owe significantly more when you graduate. Based on these assumptions, a monthly repayment of $1,076 could be required to satisfy your student loan.

Please note that financial aid is not guaranteed and is only available for qualifying students. Federal Student Loans are not grants and must be repaid with interest. The current Stafford loan interest rate is 4.99%.

Example Loan $101,528
Stafford Loan Interest Rate 4.99%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $1,076.37
Total Interest Paid $27,635.89
Sum of All Loan Payments $129,163.89

Projected 4 Year Degree Price

4 Year Sticker Price

Year All Residents
1 $79,947
2 $83,615
3 $87,452
4 $91,465

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at California Institute of Technology to be $319,788 - assuming graduation in normal time. The estimation assumes a 4.6% annual increase over the next 4 years which has been the recent trend for this school.

Tuition Payment Plans Available

California Institute of Technology Payment Plans
Tuition Payment Plan Yes
Prepaid Tuition Plan Yes
Alternative Tuition Plan Yes
Guaranteed Tuition Plan No

Costs for Similar Colleges 

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Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=110404 IPEDS survey data for California Institute of Technology.