Private 2 Year

Erie Institute of Technology Inc Tuition & Cost

Erie, Pennsylvania

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How much does it cost to attend?

Sticker Price
Costs for Erie Institute of Technology Inc
Fee Cost
Books and Supplies$2,252
Other Fees$2,092
Estimated Off Campus Cost of Living $8,550
Other Expenses Budget$2,250

Annual Prices

The annual list price to attend Erie Institute of Technology Inc on a full time basis for 2018/2019 is $27,891 for all students regardless of their residency. This fee is comprised of $12,747 for tuition, $8,550 room and board, $2,252 for books and supplies and $2,092 for other fees. Out of state tuition for Erie Institute of Technology Inc is $12,747, the same as Pennsylvania residents.

All price data is sourced from the 2019/2020 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 Erie Institute of Technology Inc when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2018/2019
Net Price by Income Erie Institute of Technology Inc
Family Income Net Price Paid
$0 to $30,000$18,500
$30,001 to $48,000$18,541
$48,001 to $75,000$19,872
$75,001 to $110,000$21,432

The average reported annual net price for Erie Institute of Technology Inc for students receiving grants or scholarship aid was $18,246 in 2018/2019. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

Costs for Similar Colleges

Financial Aid

80% of full-time undergrad Erie Institute of Technology Inc received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $8,237 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 76% of students received Federal Student Loans averaging $6,705 and 7% of undergrads took out private student loans averaging $4,680.

Finanical Aid Erie Institute of Technology Inc
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $8,237 80%
Institutional Grants and Scholarships $3,022 19%
Pell Grants $4,874 60%
Other Federal Grants $316 40%
State and Local Grants $4,746 63%
Federal Student Loans $6,705 76%
Other Student Loans $4,680 7%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Erie Institute of Technology Inc, we've modeled a ten year student loan with an original principal value of $27,246. The loan balance of $27,246 is a two year multiple of the $13,623 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 $260 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 $27,246
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $259.96
Total Interest Paid $3,948.83
Sum of All Loan Payments $31,194.83

Projected 2 Year Degree Price

2 Year Sticker Price
Year All Residents
1 $27,891
2 $28,466

Based on published tuition prices, we estimate the current cost of a 2 year associate degree and living expenses at Erie Institute of Technology Inc to be $55,782 - assuming graduation in normal time. The estimation assumes a 2.1% annual increase over the next 2 years which has been the recent trend for this school.

Tuition Payment Plans Available

Erie Institute of Technology Inc 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=212434 IPEDS survey data for Erie Institute of Technology Inc.