V
Private 4 Year

VCM Tuition & Cost

Chicago, Illinois

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How much does it cost to attend?

Sticker Price
$38,470
Costs for VanderCook College of Music
Fee Cost
Tuition$27,120
Books and Supplies$1,900
Other Fees$1,950
Room and Board $7,500
Other Expenses Budget$0

Annual Prices

The annual list price to attend VanderCook College of Music on a full time basis for 2018/2019 is $38,470 for all students regardless of their residency. This fee is comprised of $27,120 for tuition, $7,500 room and board, $1,900 for books and supplies and $1,950 for other fees. Out of state tuition for VanderCook College of Music is $27,120, 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 VanderCook College of Music when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2018/2019
$20,063
Net Price by Income VanderCook College of Music
Family Income Net Price Paid
$0 to $30,000$16,508
$30,001 to $48,000$14,850
$48,001 to $75,000$20,847
$75,001 to $110,000$18,095
$110,000+$26,097

The average reported annual net price for VanderCook College of Music for students receiving grants or scholarship aid was $20,063 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

100% of full-time undergrad VanderCook College of Music received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $16,408 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 90% of students received Federal Student Loans averaging $6,447 and 10% of undergrads took out private student loans averaging $11,250.

Finanical Aid VanderCook College of Music
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $16,408 100%
Institutional Grants and Scholarships $9,707 100%
Pell Grants $4,738 62%
Other Federal Grants $818 67%
State and Local Grants $5,640 57%
Federal Student Loans $6,447 90%
Other Student Loans $11,250 10%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to VanderCook College of Music, we've modeled a ten year student loan with an original principal value of $96,824. The loan balance of $96,824 is a four year multiple of the $24,206 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 $924 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 $96,824
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $923.81
Total Interest Paid $14,032.93
Sum of All Loan Payments $110,856.93

Projected 4 Year Degree Price

4 Year Sticker Price
$153,880
Year All Residents
1 $38,470
2 $39,416
3 $40,386
4 $41,379

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at VanderCook College of Music to be $153,880 - assuming graduation in normal time. The estimation assumes a 2.5% 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 VanderCook College of Music
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $1,145 $3,435 $4,580

Estimated cost for a class at VanderCook College of Music 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 VanderCook College of Music versus other colleges.

Tuition Payment Plans Available

VanderCook College of Music 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=149639 IPEDS survey data for VanderCook College of Music.