B
Private 4 Year

Franklin Institute of Boston Tuition & Cost

Boston, Massachusetts

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How much does it cost to attend?

Sticker Price
$32,650
Costs for Benjamin Franklin Institute of Technology
Fee Cost
Tuition$16,950
Books and Supplies$1,600
Other Fees$600
Room and Board $13,500
Other Expenses Budget$0

Annual Prices

The annual list price to attend Benjamin Franklin Institute of Technology on a full time basis for 2020/2021 is $32,650 for all students regardless of their residency. This fee is comprised of $16,950 for tuition, $13,500 room and board, $1,600 for books and supplies and $600 for other fees. Out of state tuition for Benjamin Franklin Institute of Technology is $16,950, the same as Massachusetts residents.

All price data is sourced from the 2020/2021 U.S. Department of Education National Center for Education Statistics survey.

Net Price

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

Average Net Price 2019/2020
$18,091
Net Price by Income Benjamin Franklin Institute of Technology
Family Income Net Price Paid
$0 to $30,000$15,390
$30,001 to $48,000$19,153
$48,001 to $75,000$17,779
$75,001 to $110,000$22,965
$110,000+$24,126

The average reported annual net price for Benjamin Franklin Institute of Technology for students receiving grants or scholarship aid was $18,091 in 2019/2020. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

Financial Aid

99% of full-time undergrad Benjamin Franklin 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 $12,602 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 57% of students received Federal Student Loans averaging $4,996 and 3% of undergrads took out private student loans averaging $9,904.

Finanical Aid Benjamin Franklin Institute of Technology
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $12,602 99%
Institutional Grants and Scholarships $8,126 99%
Pell Grants $4,934 72%
Other Federal Grants $1,532 8%
State and Local Grants $2,041 39%
Federal Student Loans $4,996 57%
Other Student Loans $9,904 3%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Benjamin Franklin Institute of Technology, we've modeled a ten year student loan with an original principal value of $52,376. The loan balance of $52,376 is a four year multiple of the $13,094 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 $500 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 $52,376
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $499.72
Total Interest Paid $7,590.98
Sum of All Loan Payments $59,966.98

Projected 4 Year Degree Price

4 Year Sticker Price
$130,600
Year All Residents
1 $32,650
2 $34,936
3 $37,381
4 $39,998

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Benjamin Franklin Institute of Technology to be $130,600 - assuming graduation in normal time. The estimation assumes a 7% annual increase over the next 4 years which is the national trend.

Credit Hour Cost and Price per Class

Credit Hour and Class Costs at Benjamin Franklin Institute of Technology
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $707 $2,121 $2,828

Estimated cost for a class at Benjamin Franklin Institute of Technology 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 Benjamin Franklin Institute of Technology versus other colleges.

Tuition Payment Plans Available

Benjamin Franklin Institute of Technology 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=165884 IPEDS survey data for Benjamin Franklin Institute of Technology.