Brown University Tuition and Fees

 Brown University Tuition and Fees

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    By Susan Guillory

    (Last Updated – 06/2022)

    Total Cost of Attendance

    Brown University, located in Providence, Rhode Island, is known for being a leading research university. Brown University tuition for the 2021-22 school year was $62,304, which is nearly double the average for private four-year universities at $35,807 per year.

    Costs for 2021-22

    Student Type

    In-State

    Out-State

    Tuition & Fees

    $62,304

    $62,304

    Books & Supplies

    $1,652

    $1,652

    Room & Board

    $16,346

    $16,346

    Other Expenses

    $2,268

    $2,268

    Total Cost of Attendance

    $82,570

    $82,570

    Financial Aid

    At Brown, 55% of students receive some kind of financial aid, including student loans and scholarships, to help pay for Brown tuition. Brown has been need-blind for domestic students for nearly 20 years, which means an applicant’s financial background isn’t taken into consideration during the application process. Anyone, regardless of income and financial situation, can apply.The university is currently making strides to offer the same need-blind process for international students.

    Generally, financial aid is monetary assistance awarded to students based on personal need and merit. Students that qualify for financial aid can use it to pay for college costs like tuition, books, and living expenses.

    The federal government is the largest provider of student financial aid. However, aid can also be given by state governments, colleges and universities, private companies, and nonprofits. The different types include:

    •  Scholarships: These can be awarded by schools and other organizations based on students’ academic excellence, athletic achievement, community involvement, job experience, field of study, and financial need.

    •  Grants: Generally based on financial need, these can come from federal, state, private, and non-profit organizations.

    •  Work-study: This federal program provides qualifying students with part-time employment to earn money for expenses while in school.

    •  Federal student loans: This is money borrowed directly from the U.S. Department of Education. It comes with fixed interest rates that are typically lower than private loans.

    Colleges, universities, and state agencies use the Free Application for Federal Student Aid (FAFSA) to determine financial aid eligibility. The FAFSA can be completed online, but note that state and federal and school deadlines may differ.

    You can find other financial aid opportunities on databases such as:

    •  US Department of Education – Search for grants from colleges and universities by state

    •  College Scholarship Service Profile (CSS) – A global college scholarship application used by select institutions to award financial aid

    Recommended: The Differences Between Grants, Scholarships, and Loans

    Private Student Loans

    While just 11% of Brown students take out federal student loans, even fewer (3%) take out private student loans. The average private loan is $24,697 a year.

    Private loans are funded by private organizations such as banks, online lenders, credit unions, some schools, and state-based or state-affiliated organizations. While Federal student loans have interest rates that are regulated by Congress, private lenders follow a different set of regulations so their qualifications and interest rates can vary widely.

    What’s more, private loans have variable or fixed interest rates that may be higher than federal loan interest rates, which are always fixed. Private lenders may (but don’t always) require you to make payments on your loans while you are still in school, compared to federal student loans which you don’t have to start paying back until after you graduate, leave school, or change your enrollment status to less than half-time.

    Private loans don’t have a specific application window and can be applied for on an as-needed basis. However, if you think you may need to take out a private loan, it’s a good idea to submit your FAFSA first to see what federal aid you may qualify for as it generally may have better rates and terms.

    If you’ve missed the FAFSA deadline or you’re struggling to pay for school throughout the year, private loans can potentially help you make your payments. Just keep in mind that you will need enough lead time for your loan to process and for your lender to send money to your school.

    Recommended: Guide to Private Student Loans

    Projected 4-Year-Degree Price

    Given that the total cost of attendance at Brown is $82,570 per year, it would cost $330,280 over four years, based on the 2021-22 Brown University tuition. The average cost for private school tuition and room and board in the U.S. is $54,480 a year, which makes it $217,920 for four years, according to CollegeData.com.

    Here’s some Rhode Island Student Loan & Scholarship Information for you.

    Undergraduate Tuition and Fees

    Costs for 2021-22

    Student Type

    In-State

    Out-State

    Tuition & Fees

    $62,304

    $62,304

    Room & Board

    $16,346

    $16,346

    Total Cost of Attendance

    $78,650

    $78,650

    Whether Brown students take out student loans, receive scholarships, or pay for the tuition themselves, they will pay $62,304 a year (based on 2021-22 Brown tuition) plus an additional $16,346 a year for room and board.

    The average tuition for private four-year schools is $38,070, and room and board is $13,620, making the total $51,690 per year.

    Graduate Tuition and Fees

    Costs for 2021-22

    Student Type

    In-State

    Out-State

    Tuition

    $60,944

    $60,944

    Fees

    $1,139

    $1,139

    Total Cost of Attendance

    $62,083

    $62,083

    There are graduate loans and scholarships available to help cover the graduate school tuition ($60,944) and fees ($1,139).

    Cost per Credit Hour

    While most students opt to attend Brown University full-time, others attend part-time. In this case, tuition is based on the number of units the student takes, and the cost per tuition unit is $7,835.

    Campus Housing Expenses

    Costs for 2021-22

    Student Type

    In-State

    Out-State

    Books & Supplies

    $1,652

    $1,652

    Room & Board

    $16,346

    $925-$1300/month*

    Other Expenses

    $2,268

    $2,268

    *Based on available units on Brown Real Estate housing website in 2022.

    First-year students at Brown are required to live on campus, and 74% of other undergraduates choose to continue to do so. First-year undergrads have roommates in residence halls that house 50-60 students. Returning students may live in private single rooms, suites, or apartments, based on a lottery system.

    Students interested in living off campus can find housing through Brown Real Estate’s website (explore auxiliary housing options here ). Housing typically includes utilities such as heat, hot water, gas, and electricity, and leases are for 12 months. Types of housing vary, but range from $925 to $1300 per person per month.

    Brown University Acceptance Rate

    Fall 2020

    Number of applications

    36,793

    Number accepted

    2,943

    Percentage Accepted

    8%

    Admission Requirements

    The Brown acceptance rate is low because the school has high standards for its students. Here are the requirements for applicants.

    Required:

    •  Transcript

    •  School report

    •  Midyear school report and transcript

    •  Counselor recommendation

    •  Two teacher evaluations/recommendations

    •  Bachelor of Science and PLME recommendations (if applicable)

    •  Final school report and transcript

    Recommended:

    •  Secondary school GPA

    •  Secondary school rank

    •  Admission test scores (SAT/ACT)

    The deadline for Early Decision is November 1, and the Regular Decision deadline is January 5. You can apply here .

    SAT and ACT Scores

    Like many universities, Brown is waiving the requirement for standardized test scores for first-year applicants for the 2022-23 school year.

    Here are the 25th and 75th percentile of test scores for Brown students:

    Subject

    25th Percentile

    75th Percentile

    SAT Evidence-Based
    Reading/Writing

    710

    770

    SAT Math

    730

    790

    ACT Composite

    33

    35

    ACT English

    34

    36

    ACT Math

    30

    35

    Graduation Rate

    Brown has an exceedingly high graduation rate. For example, here are the percentages of first-year students in 2014 who graduated:

    •  4 years: 84%

    •  6 years: 95%

    Post-Graduation Median Earnings

    The median earnings for Brown graduates is $78,943. In contrast, the median salary for graduates of four-year schools is $47,891.

    Bottom Line

    Brown is a prestigious school with stringent requirements for admissions. If you are at the top of your class, you may stand a chance of getting accepted, even if your financial need is high since the school is need-blind.

    SoFi private student loans offer competitive interest rates for qualifying borrowers, flexible repayment plans, and no origination fees.

    Learn More

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