B
Private 4 Year

Bais Medrash Toras Chesed Tuition & Cost

Lakewood, New Jersey

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How much does it cost to attend?

Sticker Price
$12,500
Costs for Bais Medrash Toras Chesed
Fee Cost
Tuition$7,200
Books and Supplies$400
Other Fees$0
Room and Board $3,800
Other Expenses Budget$1,100

Annual Prices

The annual list price to attend Bais Medrash Toras Chesed on a full time basis for 2020/2021 is $12,500 for all students regardless of their residency. This fee is comprised of $7,200 for tuition, $3,800 room and board, $400 for books and supplies and $0 for other fees. Out of state tuition for Bais Medrash Toras Chesed is $7,200, the same as New Jersey 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 Bais Medrash Toras Chesed when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2019/2020
$6,745
Net Price by Income Bais Medrash Toras Chesed
Family Income Net Price Paid
$0 to $30,000$2,152
$30,001 to $48,000($2,058)
$48,001 to $75,000n/a
$75,001 to $110,000n/a
$110,000+n/a

The average reported annual net price for Bais Medrash Toras Chesed for students receiving grants or scholarship aid was $6,745 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

50% of full-time undergrad Bais Medrash Toras Chesed received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $5,355 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 0% of students received Federal Student Loans averaging $0.

Finanical Aid Bais Medrash Toras Chesed
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $5,355 50%
Institutional Grants and Scholarships $3,672 42%
Pell Grants $9,293 12%
Other Federal Grants $448 12%
State and Local Grants $0 0%
Federal Student Loans $0 0%
Other Student Loans $0 0%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Bais Medrash Toras Chesed, we've modeled a ten year student loan with an original principal value of $21,852. The loan balance of $21,852 is a four year multiple of the $5,463 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 $208 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 $21,852
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $208.49
Total Interest Paid $3,167.06
Sum of All Loan Payments $25,019.06

Projected 4 Year Degree Price

4 Year Sticker Price
$50,000
Year All Residents
1 $12,500
2 $13,375
3 $14,311
4 $15,313

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Bais Medrash Toras Chesed to be $50,000 - 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 Bais Medrash Toras Chesed
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $300 $900 $1,200

Estimated cost for a class at Bais Medrash Toras Chesed 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 Bais Medrash Toras Chesed versus other colleges.

Tuition Payment Plans Available

Bais Medrash Toras Chesed 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=449658 IPEDS survey data for Bais Medrash Toras Chesed.