P
Private 2 Year

Pennsylvania Institute of Technology Tuition & Cost

Media, Pennsylvania

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How much does it cost to attend?

Sticker Price
$21,435
Costs for Pennsylvania Institute of Technology
Fee Cost
Tuition$10,530
Books and Supplies$1,050
Other Fees$3,105
Estimated Off Campus Cost of Living $6,000
Other Expenses Budget$750

Annual Prices

The annual list price to attend Pennsylvania Institute of Technology on a full time basis for 2018/2019 is $21,435 for all students regardless of their residency. This fee is comprised of $10,530 for tuition, $6,000 room and board, $1,050 for books and supplies and $3,105 for other fees. Out of state tuition for Pennsylvania Institute of Technology is $10,530, 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 Pennsylvania Institute of Technology when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2018/2019
$16,787
Net Price by Income Pennsylvania Institute of Technology
Family Income Net Price Paid
$0 to $30,000$16,872
$30,001 to $48,000$19,197
$48,001 to $75,000$19,965
$75,001 to $110,000$20,295
$110,000+n/a

The average reported annual net price for Pennsylvania Institute of Technology for students receiving grants or scholarship aid was $16,787 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

86% of full-time undergrad Pennsylvania Institute of Technology received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $3,508 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 86% of students received Federal Student Loans averaging $3,215 and 3% of undergrads took out private student loans averaging $2,699.

Finanical Aid Pennsylvania Institute of Technology
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $3,508 86%
Institutional Grants and Scholarships $1,472 14%
Pell Grants $2,481 86%
Other Federal Grants $601 15%
State and Local Grants $1,482 40%
Federal Student Loans $3,215 86%
Other Student Loans $2,699 3%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Pennsylvania Institute of Technology, we've modeled a ten year student loan with an original principal value of $19,386. The loan balance of $19,386 is a two year multiple of the $9,693 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 $185 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 $19,386
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $184.96
Total Interest Paid $2,809.66
Sum of All Loan Payments $22,195.66

Projected 2 Year Degree Price

2 Year Sticker Price
$42,870
Year All Residents
1 $21,435
2 $22,935

Based on published tuition prices, we estimate the current cost of a 2 year associate degree and living expenses at Pennsylvania Institute of Technology to be $42,870 - 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 Pennsylvania Institute of Technology
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $505 $1,515 $2,020

Estimated cost for a class at Pennsylvania Institute of Technology 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 Pennsylvania Institute of Technology versus other colleges.

Tuition Payment Plans Available

Pennsylvania Institute of Technology 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=214582 IPEDS survey data for Pennsylvania Institute of Technology.