Private 4 Year

Robert Morris Tuition & Cost

Chicago, Illinois

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How much does it cost to attend?

Sticker Price
Costs for Robert Morris University Illinois
Fee Cost
Books and Supplies$1,500
Other Fees$0
Room and Board $13,965
Other Expenses Budget$3,459

Annual Prices

The annual list price to attend Robert Morris University Illinois on a full time basis for 2018/2019 is $48,324 for all students regardless of their residency. This fee is comprised of $29,400 for tuition, $13,965 room and board, $1,500 for books and supplies and $0 for other fees. Out of state tuition for Robert Morris University Illinois is $29,400, the same as Illinois 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 Robert Morris University Illinois when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2018/2019
Net Price by Income Robert Morris University Illinois
Family Income Net Price Paid
$0 to $30,000$21,215
$30,001 to $48,000$17,686
$48,001 to $75,000$21,641
$75,001 to $110,000$22,487

The average reported annual net price for Robert Morris University Illinois for students receiving grants or scholarship aid was $21,055 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

97% of full-time undergrad Robert Morris University Illinois received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $17,780 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 81% of students received Federal Student Loans averaging $5,927 and 3% of undergrads took out private student loans averaging $15,385.

Finanical Aid Robert Morris University Illinois
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $17,780 97%
Institutional Grants and Scholarships $12,130 88%
Pell Grants $5,047 72%
Other Federal Grants $584 49%
State and Local Grants $4,127 64%
Federal Student Loans $5,927 81%
Other Student Loans $15,385 3%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Robert Morris University Illinois, we've modeled a ten year student loan with an original principal value of $72,628. The loan balance of $72,628 is a four year multiple of the $18,157 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 $693 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 $72,628
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $692.95
Total Interest Paid $10,526.15
Sum of All Loan Payments $83,154.15

Projected 4 Year Degree Price

4 Year Sticker Price
Year All Residents
1 $48,324
2 $50,648
3 $53,085
4 $55,638

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Robert Morris University Illinois to be $193,296 - assuming graduation in normal time. The estimation assumes a 4.8% annual increase over the next 4 years which has been the recent trend for this school.

Credit Hour Cost and Price per Class

Credit Hour and Class Costs at Robert Morris University Illinois
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $817 $2,451 $3,268

Estimated cost for a class at Robert Morris University Illinois based on published credit hour prices. Note that not all schools allow single class enrollment. These prices should be used for comparison purposes as to how much it may cost to take a class at Robert Morris University Illinois versus other colleges.

Tuition Payment Plans Available

Robert Morris University Illinois Payment Plans
Tuition Payment Plan Yes
Prepaid Tuition Plan No
Alternative Tuition Plan Yes
Guaranteed Tuition Plan No

Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=148335 IPEDS survey data for Robert Morris University Illinois.