Private 2 Year

IPR Tuition & Cost

Minneapolis, Minnesota

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How much does it cost to attend?

Sticker Price
Costs for Institute of Production and Recording
Fee Cost
Books and Supplies$130
Other Fees$4,185
Estimated Off Campus Cost of Living $7,101
Other Expenses Budget$5,724

Annual Prices

The annual tuition to attend Institute of Production and Recording is $15,660. The cost is the same for both in-state and out-of-state students. Room and board fees are an additional $7,101. For educational materials, students should allocate approximately $130 for books and supplies plus $4,185 for other fees charged by the school. Finally, students should budget $5,724 for miscellaneous expenses throughout the year. With all these fees considered, the expected total cost to attend Institute of Production and Recording on a full-time basis is $32,800 per annum.

All price data is sourced from the 2021/2022 U.S. Department of Education National Center for Education Statistics survey.

Net Price

The net price provides a more realistic estimate of the true cost of attending Institute of Production and Recording, once common grants and scholarships have been taken into account. It's important to note that this net price can fluctuate based on factors such as family income and individual financial need.

Average Net Price 2019/2020
Net Price by Income Institute of Production and Recording
Family Income Net Price Paid
$0 to $30,000$21,734
$30,001 to $48,000$22,389
$48,001 to $75,000$25,856
$75,001 to $110,000$27,367

The average reported annual net price for Institute of Production and Recording for students receiving grants or scholarship aid was $24,374 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

100% of full-time undergrad Institute of Production and Recording received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $6,275 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 78% of students received Federal Student Loans averaging $4,629 and 25% of undergrads took out private student loans averaging $6,591.

Finanical Aid Institute of Production and Recording
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $6,275 100%
Institutional Grants and Scholarships $3,982 65%
Pell Grants $3,437 55%
Other Federal Grants $6,060 13%
State and Local Grants $2,443 43%
Federal Student Loans $4,629 78%
Other Student Loans $6,591 25%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Institute of Production and Recording, we've modeled a ten year student loan with an original principal value of $66,210. The loan balance of $66,210 is a two year multiple of the $33,105 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 $702 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 4.99%.

Example Loan $66,210
Stafford Loan Interest Rate 4.99%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $701.94
Total Interest Paid $18,022.34
Sum of All Loan Payments $84,232.34

Projected 2 Year Degree Price

2 Year Sticker Price
Year All Residents
1 $32,800
2 $35,096

Based on published tuition prices, we estimate the current cost of a 2 year associate degree and living expenses at Institute of Production and Recording to be $65,600 - assuming graduation in normal time. The estimation assumes a 7% annual increase over the next 2 years which is the national trend.

Credit Hour Cost and Price per Class

Credit Hour and Class Costs at Institute of Production and Recording
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $475 $1,425 $1,900

Estimated cost for a class at Institute of Production and Recording 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 Institute of Production and Recording versus other colleges.

Tuition Payment Plans Available

Institute of Production and Recording 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=454616 IPEDS survey data for Institute of Production and Recording.