I
Private 2 Year

IBMC Tuition & Cost

Fort Collins, Colorado

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How much does it cost to attend?

Sticker Price
$26,992
Costs for Institute of Business and Medical Careers
Fee Cost
Tuition$14,040
Books and Supplies$0
Other Fees$0
Estimated Off Campus Cost of Living $11,472
Other Expenses Budget$1,480

Annual Prices

The annual list price to attend Institute of Business and Medical Careers on a full time basis for 2018/2019 is $26,992 for all students regardless of their residency. This fee is comprised of $14,040 for tuition, $11,472 room and board, $0 for books and supplies and $0 for other fees. Out of state tuition for Institute of Business and Medical Careers is $14,040, the same as Colorado residents.

All price data is sourced from the 2019/2020 U.S. Department of Education National Center for Education Statistics survey.
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Net Price

Net price is indicative of what it actually costs to attend Institute of Business and Medical Careers when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2018/2019
$22,967
Net Price by Income Institute of Business and Medical Careers
Family Income Net Price Paid
$0 to $30,000$18,678
$30,001 to $48,000$23,111
$48,001 to $75,000$24,624
$75,001 to $110,000$25,367
$110,000+$26,047

The average reported annual net price for Institute of Business and Medical Careers for students receiving grants or scholarship aid was $22,967 in 2018/2019. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

Costs for Similar Colleges

Financial Aid

85% of full-time undergrad Institute of Business and Medical Careers received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $3,165 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 89% of students received Federal Student Loans averaging $7,149.

Finanical Aid Institute of Business and Medical Careers
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $3,165 85%
Institutional Grants and Scholarships $608 10%
Pell Grants $3,002 85%
Other Federal Grants $191 1%
State and Local Grants $905 9%
Federal Student Loans $7,149 89%
Other Student Loans $0 0%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Institute of Business and Medical Careers, we've modeled a ten year student loan with an original principal value of $33,784. The loan balance of $33,784 is a two year multiple of the $16,892 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 $322 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 2.75%.

Example Loan $33,784
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $322.34
Total Interest Paid $4,896.40
Sum of All Loan Payments $38,680.40

Projected 2 Year Degree Price

2 Year Sticker Price
$53,984
Year All Residents
1 $26,992
2 $28,072

Based on published tuition prices, we estimate the current cost of a 2 year associate degree and living expenses at Institute of Business and Medical Careers to be $53,984 - assuming graduation in normal time. The estimation assumes a 4% annual increase over the next 2 years which has been the recent trend for this school.

Tuition Payment Plans Available

Institute of Business and Medical Careers Payment Plans
Tuition Payment Plan Yes
Prepaid Tuition Plan No
Alternative Tuition Plan Yes
Guaranteed Tuition Plan Yes

Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=372329 IPEDS survey data for Institute of Business and Medical Careers.