University of Phoenix-Metro Detroit Campus Tuition & CostTroy, Michigan
|Books and Supplies||$0|
|Estimated Off Campus Cost of Living||$6,230|
|Other Expenses Budget||$0|
The annual list price to attend University of Phoenix Metro Detroit Campus on a full time basis for 2018/2019 is $18,630 for all students regardless of their residency. This fee is comprised of $11,640 for tuition, $6,230 room and board, $0 for books and supplies and $760 for other fees. Out of state tuition for University of Phoenix Metro Detroit Campus is $11,640, the same as Michigan residents.
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Net price is indicative of what it actually costs to attend University of Phoenix Metro Detroit Campus when typical grants and scholarships are considered. The net price varies by family income and financial need.
Average Net Price 2017/2018$20,112
|Family Income||Net Price Paid|
|$0 to $30,000||$19,932|
|$30,001 to $48,000||$21,546|
|$48,001 to $75,000||n/a|
|$75,001 to $110,000||$23,493|
The average reported annual net price for University of Phoenix Metro Detroit Campus for students receiving grants or scholarship aid was $20,112 in 2017/2018. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses
|Annual Total Grant Aid||$5,286||96%|
|Federal Student Loan||$9,070||93%|
The average reported annual net price for University of Phoenix Metro Detroit Campus for students receiving grants or scholarship aid was $20,112 in 2017/2018.
To gauge a more realistic picture of what it may really cost you out of pocket to go to University of Phoenix Metro Detroit Campus, we've modeled a ten year student loan with an original principal value of $91,440. The loan balance of $91,440 is a four year multiple of the $22,860 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 $949 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 4.529%.
|Stafford Loan Interest Rate||4.5%|
|Time to Pay Off Student Loan||10 years|
|Example Monthly Payment||$948.95|
|Total Interest Paid||$22,433.81|
|Sum of All Loan Payments||$113,873.81|
4 Year Sticker Price$74,520
Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at University of Phoenix Metro Detroit Campus to be $74,520 - assuming graduation in normal time. The estimation assumes a 7% annual increase over the next 4 years which is the national trend.
|Tuition Payment Plan||No|
|Prepaid Tuition Plan||Yes|
|Alternative Tuition Plan||Yes|
|Guaranteed Tuition Plan||Yes|
Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=421018 IPEDS survey data for University of Phoenix Metro Detroit Campus.