Pace University Tuition and Fees

Pace University Tuition and Fees

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    By Susan Guillory

    Pace University is a private university with campuses located in and around New York City. Composed of ​​seven schools and colleges, Pace offers courses in a wide variety of fields, including business, health care, computer science, sustainability and justice, education, science, law, and fine and performing arts. Known for its small class sizes, Pace combines the resources and advantages of a large university with the personalized attention and focus typically associated with a small college. Here’s an overview of how much it costs to go to Pace, including tuition, housing costs, graduate school costs, and financial aid options.

    Total Cost of Attendance

    Costs for 2023-24

    •   Tuition & Fees: $51,424

    •   Books & Supplies: $800

    •   Room & Board: $21,790

    •   Other Expenses: $2,052

    •   Total Cost of Attendance: $76,066

    Financial Aid

    Pace financial aid tends to be generous. In fact, a full 99% of students receive some form of institutional or government financial aid, including grants, scholarships, and/or student loans. For instance, around 34% of Pace undergraduates receive federal grants and roughly 13% receive state grants. About 57% receive student loans.

    Generally, financial aid is monetary assistance awarded to students based on personal need or merit. Students who 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, or financial need.

    •  Grants: Generally based on financial need, these can come from federal, state, private, or nonprofit 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, 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

    •  SoFi Scholarship Finder – Use our handy tool to streamline your search by award type, location, level of study and more.

    Recommended: New York Student Loan & Scholarships

    Private Student Loans

    Many students at Pace take out student loans to help cover Pace tuition. That includes 54% of students who take out federal student loans, and 11% who take out private student loans. Those private loans average $25,743 per academic year.

    Private loans are funded by private organizations such as banks, online lenders, credit unions, some schools, and state-based or -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, since it generally has better rates and terms.

    If you’ve missed the FAFSA deadline or you’re struggling to pay for school during the year, private loans can potentially help you make your tuition 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

    The total cost to attend Pace University for four years, based on 2023-24 numbers, would be $304,264. This is significantly higher than the national average cost of attending a private university for four years, which is $241,680.

    This student loan and scholarship information may be valuable as you research schools and costs.

    Undergraduate Tuition and Fees

    Costs for 2023-24

    Pace University tuition and fees were $51,424 for the 2023-24 academic year. For on-campus housing and food, students paid $21,790. Books and supplies were $800, and other expenses came to $2,052. This puts the full year cost of attendance at $76,066, which is higher than the average cost of attendance for private schools in the U.S. of $60,420.

    Graduate Tuition and Fees

    Costs for 2023-24

    •  Tuition: $28,091

    •  Fees: $1,272

    •  Total cost: $29,363

    The cost for graduate school at Pace, including tuition and fees, was $29,363 for 2023-24. This is somewhat higher than the average annual graduate school tuition and fees in the U.S., which is $21,730.

    There are graduate loans available to help with these costs.

    Cost per Credit Hour

    The cost per credit for all programs at PACE other than the Sands School of Performing Arts is $1,472. The cost per credit for programs offered by the Sands School is $1,634.00.

    Campus Housing Expenses

    Costs for 2023-24

    On Campus

    Off Campus

    Room & Board

    $21,790

    $25,876

    Other Expenses

    $2,052

    $2,802

    Total Living Expenses

    $23,842

    $28,678

    At Pace University, new students are not required to live on campus, though many do. There are five residence halls on the New York City campus and five on the Westchester Campus.

    For those who opt to live off campus, there are many nearby housing options.

    Pace University Acceptance Rate

    Fall 2023

    Number of Applications

    28,469

    Number Accepted

    21,921

    Percentage Accepted

    77%

    The Pace University acceptance rate is 77%, which means that in the fall of 2023, a total of 21,921 students were accepted out of the 28,469 who applied. This makes the Pace University acceptance rate high.

    Admission Requirements

    Here’s what Pace University requires of students in the application process.

    Required:

    •  Application (online, Common, or Coalition application)

    •  2 letters of recommendation

    •  Written essay/personal statement

    Optional:

    •  SAT or ACT scores

    Application deadlines:

    •  Early Decision: November 1 (decision will be given by December 1)

    •  Early Action I: November 15 (decision will be given by January 2)

    •  Early Action II: December 1 (decision will be given by January 2)

    •  Regular Decision: February 15 (decision will be given on a rolling basis)

    SAT and ACT Scores

    Though submitting standardized test scores is optional at Pace, it may be helpful to see how students who did submit scores performed on these tests. Here are the Pace standardized test scores at the 25th and 75th percentile for students who enrolled in Fall 2023.

    Subject

    25th Percentile

    75th Percentile

    SAT Evidence-Based Reading/Writing

    580

    668

    SAT Math

    550

    660

    ACT Composite

    24

    29

    ACT English

    24

    31

    ACT Math

    21

    27

    Graduation Rate

    Many full-time students at Pace need more than four years to finish their degree. These are the PACE graduation rates for students who started in fall 2017:

    •  4 years: 49%

    •  6 years: 61%

    Post-Graduation Median Earnings

    Pace University graduates earn a median annual salary of $70,378. This is significantly higher than the median annual salary for all graduates of four-year colleges in the U.S., which is $68,516.

    Bottom Line

    For those looking for a school that offers a good education and has the amenities of a large institution yet feels small (thanks to a lower student-to-faculty ratio), Pace University may be a good match. And while the sticker price may seem high, a full 99% of undergraduates at Pace receive some type of financial aid, including federal grants, scholarships, and student loans.

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

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