M
W Bloomfield, Michigan

Michigan Jewish Institute Tuition & Cost

How much does it cost to attend?

Sticker Price
$11,390
Costs for Michigan Jewish Institute
Fee Cost
Tuition$3,880
Books and Supplies$1,737
Other Fees$100
Estimated Off Campus Cost of Living $4,194
Other Expenses Budget$1,479

Annual Prices

The annual list price to attend Michigan Jewish Institute on a full time basis for 2017/2018 is $11,390 for all students regardless of their residency. This fee is comprised of $3,880 for tuition, $4,194 room and board, $1,737 for books and supplies and $100 for other fees. Out of state tuition for Michigan Jewish Institute is $3,880, the same as Michigan residents.

All price data is sourced from the 2017/2018 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 Michigan Jewish Institute when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2017/2018
$9,689
Net Price by Income Michigan Jewish Institute
Family Income Net Price Paid
$0 to $30,000$9,585
$30,001 to $48,000$9,789
$48,001 to $75,000$9,915
$75,001 to $110,000$10,499
$110,000+n/a

The average reported annual net price for Michigan Jewish Institute for students receiving grants or scholarship aid was $9,689 in 2017/2018. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

Financial Aid

Finanical Aid Michigan Jewish Institute
Type Avg./Student Students Receiving
Annual Total Grant Aid $5,456 93%
Pell Grant $5,454 93%
Federal Student Loan $5,500 0%

The average reported annual net price for Michigan Jewish Institute for students receiving grants or scholarship aid was $9,689 in 2017/2018.

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Michigan Jewish Institute, we've modeled a ten year student loan with an original principal value of $40,544. The loan balance of $40,544 is a four year multiple of the $10,136 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 $423 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 4.7%.

Example Loan $40,544
Stafford Loan Interest Rate 4.7%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $423.33
Total Interest Paid $10,255.07
Sum of All Loan Payments $50,799.07

Projected 4 Year Degree Price

4 Year Sticker Price
$45,560
Year All Residents
1 $11,390
2 $12,187
3 $13,040
4 $13,953

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Michigan Jewish Institute to be $45,560 - 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 Michigan Jewish Institute
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $129 $387 $516

Estimated cost for a class at Michigan Jewish Institute 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 Michigan Jewish Institute versus other colleges.

Tuition Payment Plans Available

Michigan Jewish Institute 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=434414 IPEDS survey data for Michigan Jewish Institute.