#25 Best Private Colleges in New York

Pratt Institute Tuition & Cost

Brooklyn, New York

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How much does it cost to attend?

Sticker Price
Costs for Pratt Institute Main
Fee Cost
Books and Supplies$1,750
Other Fees$2,024
Room and Board $14,668
Other Expenses Budget$1,382

Annual Prices

The annual tuition to attend Pratt Institute Main is $53,566. The cost is the same for both in-state and out-of-state students. Room and board fees are an additional $14,668. For educational materials, students should allocate approximately $1,750 for books and supplies plus $2,024 for other fees charged by the school. Finally, students should budget $1,382 for miscellaneous expenses throughout the year. With all these fees considered, the expected total cost to attend Pratt Institute Main on a full-time basis is $73,390 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 Pratt Institute Main, 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 Pratt Institute Main
Family Income Net Price Paid
$0 to $30,000$40,041
$30,001 to $48,000$41,609
$48,001 to $75,000$49,338
$75,001 to $110,000$50,588

The average reported annual net price for Pratt Institute Main for students receiving grants or scholarship aid was $47,516 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

77% of full-time undergrad Pratt Institute Main received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $22,487 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 38% of students received Federal Student Loans averaging $5,071 and 8% of undergrads took out private student loans averaging $27,068.

Finanical Aid Pratt Institute Main
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $22,487 77%
Institutional Grants and Scholarships $22,182 69%
Pell Grants $4,589 16%
Other Federal Grants $1,708 17%
State and Local Grants $3,642 6%
Federal Student Loans $5,071 38%
Other Student Loans $27,068 8%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Pratt Institute Main, we've modeled a ten year student loan with an original principal value of $139,252. The loan balance of $139,252 is a four year multiple of the $34,813 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 $1,476 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 $139,252
Stafford Loan Interest Rate 4.99%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $1,476.30
Total Interest Paid $37,904.35
Sum of All Loan Payments $177,156.35

Projected 4 Year Degree Price

4 Year Sticker Price
Year All Residents
1 $73,390
2 $75,752
3 $78,191
4 $80,708

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Pratt Institute Main to be $293,560 - assuming graduation in normal time. The estimation assumes a 3.2% annual increase over the next 4 years which has been the recent trend for this school.

Credit Hour Cost and Price per Class

Credit Hour and Class Costs at Pratt Institute Main
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $1,728 $5,184 $6,912

Estimated cost for a class at Pratt Institute Main 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 Pratt Institute Main versus other colleges.

Tuition Payment Plans Available

Pratt Institute Main Payment Plans
Tuition Payment Plan Yes
Prepaid Tuition Plan No
Alternative Tuition Plan Yes
Guaranteed Tuition Plan No
Costs for Similar Colleges 

Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=194578 IPEDS survey data for Pratt Institute Main.