Soka University of America - Net Price, Tuition, Cost to Attend, Financial Aid and Student Loans

How much does it cost to attend?

Sticker Price

$52,758

Costs for Soka University of America
Fee	Cost
Tuition	$33,218
Other Fees	$2,326
Books and Supplies	$1,152
Room and Board	$13,422
Other Expenses Budget	$2,640

Annual Tuition & Costs

The annual tuition to attend Soka University of America is $33,218. The cost is the same for both in-state and out-of-state students. Room and board fees are an additional $13,422. For educational materials, students should allocate approximately $1,152 for books and supplies plus $2,326 for other fees charged by the school. Finally, students should budget $2,640 for miscellaneous expenses throughout the year. With all these fees considered, the expected total cost to attend Soka University of America on a full-time basis is $52,758 per annum.

Housing Costs

On campus room and board is provided by the school at a cost of $13,422 per academic year. Students electing to live off campus elsewhere in Aliso Viejo should budget at least this amount.

Books and Supplies

The estimated annual cost for books and educational supplies is $1,152.

Other Living Expenses

If living on-campus, students should budget for $2,640 in additional living expenses. Off-campus students should budget for $4,450 in other miscellaneous living expenses.

All price data is sourced from the 2022/2023 U.S. Department of Education National Center for Education Statistics survey.

Net Price

The average reported annual net price for Soka University of America for students receiving grants or scholarship aid was $17,928* in 2019/2020. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses.

Average Net Price 2019/2020

$17,928

Below is the average net price by student family income.

Net Price by Income Soka University of America
Family Income	Net Price Paid
$0 to $30,000	$16,990
$30,001 to $48,000	$8,261
$48,001 to $75,000	$12,981
$75,001 to $110,000	$16,965
$110,000+	$32,495

The net price provides a more realistic estimate of the true cost of attending Soka University of America, once common grants and scholarships have been taken into account. It's important to note that your net price will fluctuate based on factors such as family income, assets and individual financial need. Net price is the out-of-pocket total cost that students end up paying or financing though student loans.

*Reported Average Annual Net Price for students receiving grant or scholarship aid reported to the U.S. Department of Education's Academic Year 2019/2020 IPEDS Survey. Financial aid is only available to those who qualify. Consult this school's net price calculator for further understanding of your potential net price.

Note that for colleges with no reported on-campus room and board, the average net price has been increased to account for living expenses. This number may not only reflect the net price paid to the school for tuition.

Financial Aid

100% of full-time undergrad Soka University of America received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $34,200 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back.

Pell Grants

20 percent of students received aid in the form of Pell Grants from the U.S. Federal Government. The average Pell Grant awarded for 2019/2020 was $4,914. To apply for a Pell Grant to attend Soka University of America, the first step is to fill out the Free Application for Federal Student Aid (FAFSA).

Student Loans

28% of students received Federal Student Loans averaging $4,783 and 24% of undergrads took out private student loans averaging $10,600.

Finanical Aid Soka University of America
Type	Avg./Student	Students Receiving
Total Grant and Scholarship Aid	$34,200	100%
Institutional Grants and Scholarships	$31,907	100%
Pell Grants	$4,914	20%
Other Federal Grants	$1,100	100%
State and Local Grants	$6,191	4%
Federal Student Loans	$4,783	28%
Other Student Loans	$10,600	24%

Financial Aid Mix - $52,758 Total Cost

CollegeSimply has modeled example payment coverage for the annual tuition and living expenses of $52,758. Breakdown is based on average grant aid and federal loan aid which will vary based on your family income.

68%

10%

22%

Grants and Scholarships

68% - $34,200

Money granted to you by the U.S. Department of Education, Soka University of America or other organizations. These are not loans and do not need to be repaid.

Federal Student Loans

10% - $4,783

Low interest student loans funded by the U.S. Department of Education. This amount will need to be repaid.

Out of Pocket Cost

22% - $11,135

Covered by family savings, work or private student loans which you will have to repay.

Student Loans

To gauge a more realistic picture of what it really could cost you out of pocket to go to Soka University of America, we've modeled a ten year student loan with an original principal value of $71,712. The loan balance of $71,712 is a four year multiple of the $17,928 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 $778 could be required to pay off your student loan. The total of all payments including interest would sum $93,391.64.

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 5.5%.


Example Loan	$71,712
Stafford Loan Interest Rate	5.5%
Time to Pay Off Student Loan	10 years
Example Monthly Payment	$778.26
Total Interest Paid	$21,679.64
Sum of All Loan Payments	$93,391.64

Student Loan Affordability

In order to afford student loan payments and still meet all your other costs of living, it is recommended not to borrow more than you can pay back using 10% of your monthly income earned after graduation. If you're considering attending Soka University of America, should consider if it will be realistic to make the post graduation loan payments based on your expected salary.

Using the 10% of salary threshold, an annual income of $93,391.64 would be needed to afford a $778.26 monthly payment in the example $71,712.00 loan modeled above. This assumes a repayment over 10 years. You can change the terms of this example loan using the student loan calculator below. View statistics about Soka University of America student loan debt and graduate salaries under student outcomes.

Projected 4 Year Degree Price

4 Year Sticker Price

$211,032

Year	All Residents
1	$52,758
2	$53,849
3	$54,962
4	$56,098

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Soka University of America to be $211,032 - assuming graduation in normal time. The estimation assumes a 2.1% annual increase over the next 4 years which has been the recent trend for this school.

Tuition Payment Plans Available

Soka University of America Payment Plans
Tuition Payment Plan	Yes
Prepaid Tuition Plan	No
Alternative Tuition Plan	Yes
Guaranteed Tuition Plan	No

Tuition History

Historical tuition and price increases for Soka University of America.

Year	Tuition	Annual Increase
2021	$32,250	0%
2020	$32,250	0%
2019	$32,250	3%
2018	$31,310	4%
2017	$30,106	2.5%
2016	$29,372	1.5%
2015	$28,938	1.5%
2014	$28,510	2%
2013	$27,950

College Savings Calculator

Plan and Save for College

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Student Loan Calculator

Estimate Loan Payments

Modify the loan assumptions to fit your financial situation and likely tuition price. Then calculate your payoff and loan payments for a Soka University of America student loan.