SoFi Blog

Tips and news—
for your financial moves.

University of Pennsylvania Tuition and Fees


University of Pennsylvania Tuition and Fees

University of Pennsylvania Tuition and Fees

On this page:

    By Melissa Brock

    The University of Pennsylvania (UPenn), located in the historic city of Philadelphia, is known for its rich liberal arts and sciences tradition and world-class education. A total of 29,109 students in fall 2024 strolled down Locust Walk, cheered on the Quakers, and took classes among its four undergraduate and 12 graduate schools.

    The storied institution is a member of the Ivy League, alongside seven others: Brown, Columbia, Cornell, Dartmouth, Harvard, Princeton, and Yale.

    Keep reading for a closer look at University of Pennsylvania tuition costs, housing expenses, top majors, and more.

    Total Cost of Attendance

    In 2024-25, University of Pennsylvania tuition was $68,686. The cost is similar to the tuition of other Ivy League institutions, which range from $61,676 (Harvard) to $71,845 (Columbia).

    Costs for 2024-2025

    Expenses

    Costs (Living on Campus)

    Costs (Living Off Campus)

    Tuition & Fees

    $68,686

    $68,686

    Books & Supplies

    $1,358

    $1,358

    Room & Board

    $19,174

    $18,360

    Other Expenses

    $3,070

    $3,070

    Total Cost of Attendance

    $92,288

    $91,474

    Financial Aid

    Of full-time students beginning at the University of Pennsylvania in the 2022-23 academic year, 62% received a combination of financial aid. Specifically, 48% received a grant or scholarship and 9% received federal student loans, for an average award of $59,721 in grants or scholarships and $5,054 in federal student loans.

    Explore financial aid options: Pennsylvania Student Loan & Scholarship Information

    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, or 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 those on 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 at sources such as:

    •  U.S. Department of Education – Learn more about the grants that are bestowed by the federal government

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

    •  Scholarship Search Tool

    Recommended: The Differences Between Grants, Scholarships, and Loans

    Private Student Loans

    Of the full-time beginning undergraduate students who take advantage of student loans at UPenn, 4% use private student loans to cover the costs. These students receive an average of $28,622 in private loans.

    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, because 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: A Complete Guide to Private Student Loans

    Projected 4-Year-Degree Price

    UPenn’s cost for four years (tuition, room and board on campus, and fees) would be about $369,152 — but note that cost doesn’t include scholarships and grants.

    For the 2023-24 academic year, here are the average price of tuition and fees among colleges and universities across the country:

    •   $41,540 at private colleges ($166,160 for four years)

    •   $11,260 for in-state residents at public colleges ($45,040 for four years)

    •   $29,150 for out-of-state residents at public colleges ($116,600 for four years)

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

    Undergraduate Tuition and Fees

    Tuition, fees, and books cost $70,044 for UPenn in 2024-25. To compare to another Ivy League institution, Harvard’s tuition is $61,676, while fees and books cost $1,000 — a total of $62,676. Here’s a breakdown of UPenn’s costs without housing:

    Expenses

    Costs

    Tuition & Fees

    $68,686

    Books

    $1,358

    Total Undergraduate Costs

    $70,044

    Graduate Tuition and Fees

    Costs for 2024-25

    Expenses

    Costs

    Tuition

    $43,174

    Fees

    $4,670

    Total

    $47,844

    The average cost of graduate student tuition and fees was $43,174 in 2024-25, with $4,670 in fees.

    How does this compare to other graduate schools across the country? The average cost of a master’s degree is $62,820. A master of arts degree usually costs $71,140, while a master of science degree typically costs $61,380.

    Students can get graduate loans to help with the costs.

    Cost per Credit Hour

    The cost per credit is $2,612 for one credit unit (c.u.), plus an online services fee of $162. Two credit units cost $5,224, three credit units cost $7,836, and four credit units cost $10,448. The cost per credit unit also comes with online services fees as well. Note that one credit unit typically represents a four-semester-hour course.

    There are always year-to-year changes in cost per credit units, so it’s a good idea to keep tabs on those charges, which usually increase.

    Campus Housing Expenses

    Costs for 2024-25

    Expense Type

    On-Campus Costs

    Off-Campus Costs

    Room & Board

    $19,174

    $18,360

    Other Expenses

    $3,070

    $3,070

    UPenn offers 13 undergraduate College Houses, with 5,500 undergraduates living on campus. Upperclass students can live in high-rises with apartment-style living. UPenn’s off-campus housing marketplace site lists a plethora of opportunities for students living off campus, and you can also find roommates and housing opportunities based on your budget.

    University of Pennsylvania Acceptance Rate

    Fall 2023

    Number of Applications

    Number Accepted

    Percentage Accepted

    59,465

    3,568

    6%

    The UPenn acceptance rate is only 6%, cementing its standing as a competitive Ivy League institution.

    Admission Requirements

    The admission requirements for UPenn include the following:

    Required:

    •  High school transcript with GPA

    •  High school record

    •  Letters of recommendation

    Items considered:

    •  High school rank

    •  Completion of college prep program

    •  Formal competency demonstration

    •  Personal statement or essay

    •  SAT or ACT scores

    •  English proficiency test

    SAT and ACT Scores

    In 2023, 51% of UPenn students submitted SAT scores and 19% submitted ACT scores. UPenn is test-optional, but of the students who took the tests, here were their scores at the 25th and 75th percentiles:

    Subject

    25th Percentile

    75th Percentile

    SAT Reading/Writing

    730

    770

    SAT Math

    770

    800

    ACT Composite

    34

    35

    ACT English

    35

    36

    ACT Math

    33

    36

    Graduation Rate

    The following are graduation rates for entering full-time students who began at UPenn in Fall 2017 for specified periods:

    •  4-year: 88%

    •  6-year: 97%

    Post-Graduation Median Earnings

    Ten years after entering the school and graduating from the University of Pennsylvania, the median earnings of former students is $111,371. That’s considerably more than the average of bachelor’s degree graduates nationwide, who earn a median salary of $80,236.

    Bottom Line

    The UPenn cost of attendance is $92,288 per year, including tuition and fees, room and board, books and supplies, and other expenses. However, the average amount of aid awarded to undergraduates for grants and scholarships is $59,721, which can knock an appreciable amount off the cost of UPenn. Just like other Ivy League institutions, UPenn is need-blind, which means the admissions committee doesn’t take ability to pay into consideration when paying for college.

    If you’ve exhausted all federal student aid options, no-fee private student loans from SoFi can help you pay for school. The online application process is easy, and you can see rates and terms in just minutes. Repayment plans are flexible, so you can find an option that works for your financial plan and budget.


    Cover up to 100% of school-certified costs including tuition, books, supplies, room and board, and transportation with a private student loan from SoFi.

    View your rate

    SoFi Private Student Loans
    Please borrow responsibly. SoFi Private Student loans are not a substitute for federal loans, grants, and work-study programs. We encourage you to evaluate all your federal student aid options before you consider any private loans, including ours. Read our FAQs.
    Terms and conditions apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. SoFi Private Student loans are subject to program terms and restrictions, such as completion of a loan application and self-certification form, verification of application information, the student's at least half-time enrollment in a degree program at a SoFi-participating school, and, if applicable, a co-signer. In addition, borrowers must be U.S. citizens or other eligible status, be residing in the U.S., Puerto Rico, U.S. Virgin Islands, or American Samoa, and must meet SoFi’s underwriting requirements, including verification of sufficient income to support your ability to repay. Minimum loan amount is $1,000. See SoFi.com/eligibility for more information. Lowest rates reserved for the most creditworthy borrowers. SoFi reserves the right to modify eligibility criteria at any time. This information is subject to change. This information is current as of 4/22/2025 and is subject to change. SoFi Private Student loans are originated by SoFi Bank, N.A. Member FDIC. NMLS #696891 (www.nmlsconsumeraccess.org).

    SoFi Loan Products
    SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.


    Non affiliation: SoFi isn’t affiliated with any of the companies highlighted in this article.

    Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.


    Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.


    SOISL-Q325-027

    Read more

    University of California, Los Angeles (UCLA) Tuition and Fees


    Southern New Hampshire University Tuition and Fees

    Southern New Hampshire University Tuition and Fees

    On this page:

      By Jennifer Calonia

      Founded in 1919, the University of California, Los Angeles (UCLA) was the second university to join the University of California (UC) System. Its 419-acre main campus, which sits between the cities of Santa Monica and Beverly Hills, offers a range of degree programs — from undergraduate majors and minors to masters, doctoral, and professional programs.

      Keep reading for a closer look at UCLA tuition costs for both in-state and out-of-state students, housing expenses, top majors, and more.

      Total Cost of Attendance

      UCLA is an acclaimed research institution known for its academic programs, medical center, and athletics. Below is the estimated 2024-2025 UCLA cost of attendance for a full-time undergraduate student, which is considerably lower than that of its local rival, the University of Southern California.

      Costs for 2024-2025

      Expenses

      In-State

      Out-of-State

      Tuition & Fees

      $15,203

      $49,403

      Books & Supplies

      $1,641

      $1,641

      Room & Board

      $18,369

      $18,369

      Other Expenses

      $6,777

      $6,777

      Total Cost of Attendance

      $41,990

      $76,190

      Financial Aid

      A majority of UCLA’s undergraduate student population (60%) receives some form of student aid, and of that group, 49% receive grant or scholarship financial aid. For the 2022-2023 academic year, the most current data available from the National Center for Education Statistics, 27% of low-income families received need-based federal Pell Grant awards.

      Explore financial aid options: California Student Loan & Scholarship Information Guide

      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 those on 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 at sources such as:

      •  U.S. Department of Education – Learn more about the grants that are bestowed by the federal government

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

      •  Scholarship Search Tool

      Recommended: The Differences Between Grants, Scholarships, and Loans

      Private Student Loans

      In addition to grant and scholarship aid, a small percentage of Bruins (3%) borrow private student loans to cover University of California, Los Angeles cost of attendance.

      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, because it generally has 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: A Complete Guide to Private Student Loans

      Projected 4-Year-Degree Price

      Based on the 2024-25 cost of attendance estimates over a four-year program, undergraduate California residents can expect to spend $167,960. For out-of-state students, the cost soars to $304,760 for a bachelor’s degree.

      By comparison, the national average cost of attendance for the 2023-24 academic year for a four-year in-state public college averages $115,360 in total for all four years, and $186,920 in total for out-of-state public college for all four years. Private institutions are higher at an average cost of $241,680 for all four years.

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

      Undergraduate Tuition and Fees

      For the 2024-25 academic year, in-state students paid $15,203 in University of California, Los Angeles tuition and fees, plus the cost of books and supplies. Out-of-state students paid $49,403 for the same year. By comparison, the national average for tuition and fees for an in-state undergraduate student attending a public institution was $11,610 per year; $30,780 per year for an out-of-state student.

      Expense

      In-State

      Out-of-State

      Tuition & Fees

      $15,203

      $49,403

      Books & Supplies

      $1,641

      $1,641

      Total Undergraduate Costs

      $16,844

      $51,044

      Graduate Tuition and Fees

      California residents who are pursuing a postgraduate program at UCLA paid $14,476 toward 2024-25 tuition and fees. For out-of-state graduate students, UCLA tuition and fees were $29,578. This is in line with the estimated $44,640 to $71,140 for a master’s degree, according to Education Data’s estimates.

      Expense

      In-State

      Out-of-State

      Tuition

      $12,762

      $27,864

      Fees

      $1,714

      $1,714

      Total Graduate Costs

      $14,476

      $29,578

      There are many options for graduate loans that can help with these costs.

      Cost per Credit Hour

      UCLA tuition is charged as a flat annual rate, and not on a per-credit-hour basis during its regular term. However, based on 2024-25 in-state undergraduate tuition and fees at $15,203, and assuming full enrollment of 15 credit hours, students can expect to spend approximately $1,014 per credit hour.

      Campus Housing Expenses

      UCLA’s on-campus housing options include four building types, from classic residence halls to suites. Each housing option offers double and triple occupancy units, and a variety of communal amenities.

      Bruins can also consider living off-campus in a nearby neighborhood. The average rent for a 938 sq.ft. apartment in Westwood is $3,763. With a roommate to help split the cost of rent, off-campus housing could potentially be more affordable. However, keep in mind that renting involves a full year lease, instead of just the active school term.

      Expenses

      On-Campus

      Off-Campus

      Food & Housing

      $18,369

      $18,610

      Other Expenses

      $6,777

      $6,777

      Total Living Expenses

      $25,146

      $26,183

      UCLA Acceptance Rate

      Fall 2023

      Number of Applications

      Number Accepted

      Percentage Accepted

      145,903

      13,131

      9%

      Admission Requirements

      Undergraduate applicants must meet certain requirements to be considered for admission into UCLA:

      •  Secondary school GPA

      •  Secondary school record

      •  College-prep program completion

      •  Personal statement or essay

      Factors that are not used in admissions decisions include:

      •  School rank

      •  Recommendations

      •  Formal demonstration of competencies

      •  Work experience

      •  Legacy status

      The UC application opens on August 1 each year, and applications can be submitted from October 1 to December 1.

      SAT and ACT Scores

      The University of California, Los Angeles is a test-blind institution. Standardized tests, such as the SAT and ACT, are not considered in admissions decisions.

      Graduation Rate

      The following are graduation rates for entering full-time students who began at UCLA in Fall 2017 for specified periods:

      •  4-year: 86%

      •  6-year: 93%

      Post-Graduation Median Earnings

      UCLA graduates generally have a median salary of $82,511 after the first 10 years from their first enrollment into the university, based on the U.S. Department of Education College Scorecard. By comparison, the average starting salary of a bachelor’s degree graduate in the U.S. is $68,680, according to the National Association of Colleges and Employers.

      Bottom Line

      University of California, Los Angeles cost of attendance ranges from $41,990 to $76,190 for the 2024-25 academic year, and the school is highly competitive with a UCLA acceptance rate of less than 10%. Generally, students who are accepted into the esteemed university are awarded at least some financial assistance. Nearly half of students during the 2022-23 year received an average of $22,441 in grant or scholarship aid.

      If you’ve exhausted all federal student aid options, no-fee private student loans from SoFi can help you pay for school. The online application process is easy, and you can see rates and terms in just minutes. Repayment plans are flexible, so you can find an option that works for your financial plan and budget.


      Cover up to 100% of school-certified costs including tuition, books, supplies, room and board, and transportation with a private student loan from SoFi.

      View your rate

      SoFi Private Student Loans
      Please borrow responsibly. SoFi Private Student loans are not a substitute for federal loans, grants, and work-study programs. We encourage you to evaluate all your federal student aid options before you consider any private loans, including ours. Read our FAQs.
      Terms and conditions apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. SoFi Private Student loans are subject to program terms and restrictions, such as completion of a loan application and self-certification form, verification of application information, the student's at least half-time enrollment in a degree program at a SoFi-participating school, and, if applicable, a co-signer. In addition, borrowers must be U.S. citizens or other eligible status, be residing in the U.S., Puerto Rico, U.S. Virgin Islands, or American Samoa, and must meet SoFi’s underwriting requirements, including verification of sufficient income to support your ability to repay. Minimum loan amount is $1,000. See SoFi.com/eligibility for more information. Lowest rates reserved for the most creditworthy borrowers. SoFi reserves the right to modify eligibility criteria at any time. This information is subject to change. This information is current as of 4/22/2025 and is subject to change. SoFi Private Student loans are originated by SoFi Bank, N.A. Member FDIC. NMLS #696891 (www.nmlsconsumeraccess.org).

      SoFi Loan Products
      SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.


      Non affiliation: SoFi isn’t affiliated with any of the companies highlighted in this article.

      Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.


      Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.




      SOISL-Q325-025

      Read more

      University of Michigan Tuition and Fees


      University of Michigan Tuition and Fees

      University of Michigan Tuition and Fees

      On this page:

        By Jennifer Calonia

        The University of Michigan is known for its renowned research centers, like the Michigan Institute for Data Science (MIDAS), and its elite athletics programs as a Big Ten Conference competitor. If you’re considering “going Blue,” here’s what to know about University of Michigan’s cost of attendance, tuition by degree level, acceptance rate, and more.

        Total Cost of Attendance

        Founded in 1817, the University of Michigan has three campuses with its main campus located in Ann Arbor, Michigan, 45 minutes west of Detroit. It’s a public, four-year research institution with a prestigious standing in collegiate sports, and its business, engineering, and computer science programs are ranked among the highest in the nation.

        Costs for 2024-2025

        Expenses

        In-State

        Out-of-State

        Tuition & Fees

        $17,736

        $60,946

        Books & Supplies

        $1,158

        $1,158

        Room & Board

        $15,328

        $15,328

        Other Expenses

        $2,710

        $2,710

        Total Cost of Attendance

        $36,932

        $80,142

        Financial Aid

        Students generally cover University of Michigan’s cost of attendance through a variety of financial aid awards, from grants and scholarships to student loans. During the 2022-23 academic year, 55% of undergraduate students received grant or scholarship aid. A majority of students (54%) received institutional grants or scholarships at an average award amount of $20,048.

        Additionally, 18% of first- and full-time undergrads received a federal Pell Grant, which is funding that’s reserved for students who demonstrate exceptional financial need.

        Explore financial aid options: Michigan Student Loan & Scholarship Information Guide

        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 those on 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 at sources such as:

        •  U.S. Department of Education – Learn more about the grants that are bestowed by the federal government

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

        •  Scholarship Search Tool

        Recommended: The Differences Between Grants, Scholarships, and Loans

        Private Student Loans

        At the University of Michigan, five percent of full-time undergraduate Wolverines received private student loans during the 2023-24 year. The average private student loan amount was $26,357.

        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, because it generally has 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: A Complete Guide to Private Student Loans

        Projected 4-Year-Degree Price

        The cost to complete a four-year undergraduate program at U of M for in-state students is $147,728 — higher than the national average four-year degree price of $115,360.

        For out-of-state residents, University of Michigan costs for a bachelor’s degree soar to $320,568. The cost difference of attending U-M as an out-of-state student is significant, compared to the $186,920 national average for out-of-state, four-year degrees.

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

        Undergraduate Tuition and Fees

        In-state students can expect to pay $18,894 toward tuition, fees, and books and supplies. Students who are out-of-state spend notably more at $62,104 for the 2024-25 academic year. By comparison, the average in-state tuition and fees at a public institution is $11,610, and $30,780 for out-of-state students.

        Expenses

        In-State

        Out-of-State

        Tuition & Fees

        $17,736

        $60,946

        Books & Supplies

        $1,158

        $1,158

        Total Undergraduate Costs

        $18,894

        $62,104

        Graduate Tuition and Fees

        For graduate students, University of Michigan tuition and fees are modest compared to the national average for a master’s degree. The average cost for a master’s degree, based on Education Data, ranges from $44,640 to $71,140. During the 2024-25 academic year, graduate tuition and fees at U of M were $28,886 for in-state students and $57,776 for out-of-state students.

        Expense

        In-State

        Out-of-State

        Tuition

        $28,554

        $57,444

        Fees

        $332

        $332

        Total Graduate Costs

        $28,886

        $57,776

        There are many options for graduate loans that can help with these costs.

        Cost per Credit Hour

        Undergraduate Wolverines who are enrolled full-time receive a flat tuition rate for 12 to 18 credits; the per-credit cost for a 12-credit academic session is $817. However, for those who enroll part-time, the first credit hour is $1,187 for Michigan residents and $784 per additional credit hour. Out-of-state students pay $3,073 for the first credit hour and $2,670 for each additional credit.

        Campus Housing Expenses

        The University of Michigan offers various on-campus residence halls, with single, double, triple, quad, or suite options. According to the university, 97% of freshmen students live on campus. Estimates for on- and off-campus housing for U-M students are the same at $18,038 for food, housing, and other expenses.

        Although off-campus housing estimates from the NCES report the same cost as on-campus, what you’ll ultimately pay to live off-campus varies. Expenses depend on your rental unit type, location, and number of roommates you’re splitting shared costs with. Keep in mind, however, that a rental lease is typically for a full 12-month period, not just during the academic session.

        Expenses

        On-Campus

        Off-Campus

        Food & Housing

        $15,328

        $15,328

        Other Expenses

        $2,710

        $2,710

        Total Living Expenses

        $18,038

        $18,038

        University of Michigan Acceptance Rate

        Fall 2023

        Number of Applications

        Number Accepted

        Percentage Accepted

        87,632

        15,774

        18%

        Admission Requirements

        If you’re considering applying to the University of Michigan as an undergraduate student, you’ll need to meet a short list of requirements, including:

        •  Secondary school record

        •  Recommendations

        •  Personal statement or essay

        The following factors are optional to submit, but if submitted with your application, it’s considered by admissions committees:

        •  Secondary school GPA

        •  Secondary school rank

        •  Completion of college-preparatory program

        •  Work experience

        Stay mindful of admissions deadlines. For the fall term, the application deadline is February 1. Students who are applying to the School of Music, Theatre & Dance have an earlier deadline of December 1.

        SAT and ACT Scores

        University of Michigan’s undergraduate admissions process is test-optional, meaning it’s not a requirement. However, students who choose to submit their scores will have their SAT/ACT results considered. First-time students who enrolled in Fall 2023 had the below scores by subject.

        Test Subject

        25th Percentile

        75th Percentile

        SAT Evidence-Based
        Reading/Writing

        670

        750

        SAT Math

        680

        780

        ACT Composite

        31

        34

        ACT English

        32

        35

        ACT Math

        29

        35

        Graduation Rate

        Of students who began their education in Fall 2017 and enrolled full-time, 93% completed their degree.

        Post-Graduation Median Earnings

        According to the U.S. Department of Education’s College Scorecard, students who began their education at the University of Michigan 10 years prior made $83,648 in median earnings. By comparison, the median annual salary for all graduates is $80,236, according to the Bureau of Labor Statistics.

        Bottom Line

        The University of Michigan’s cost of attendance for undergraduates is higher than the national average for a public, four-year institution. However, students who appreciate a tradition of excellence — both academically and athletically — might find student life at U of M lively and rewarding.

        Plus, projected median earnings of students who attend the institution are generally higher than earnings of graduates from other schools, which might pay off in the long run.

        If you’ve exhausted all federal student aid options, no-fee private student loans from SoFi can help you pay for school. The online application process is easy, and you can see rates and terms in just minutes. Repayment plans are flexible, so you can find an option that works for your financial plan and budget.


        Cover up to 100% of school-certified costs including tuition, books, supplies, room and board, and transportation with a private student loan from SoFi.

        View your rate

        SoFi Private Student Loans
        Please borrow responsibly. SoFi Private Student loans are not a substitute for federal loans, grants, and work-study programs. We encourage you to evaluate all your federal student aid options before you consider any private loans, including ours. Read our FAQs.
        Terms and conditions apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. SoFi Private Student loans are subject to program terms and restrictions, such as completion of a loan application and self-certification form, verification of application information, the student's at least half-time enrollment in a degree program at a SoFi-participating school, and, if applicable, a co-signer. In addition, borrowers must be U.S. citizens or other eligible status, be residing in the U.S., Puerto Rico, U.S. Virgin Islands, or American Samoa, and must meet SoFi’s underwriting requirements, including verification of sufficient income to support your ability to repay. Minimum loan amount is $1,000. See SoFi.com/eligibility for more information. Lowest rates reserved for the most creditworthy borrowers. SoFi reserves the right to modify eligibility criteria at any time. This information is subject to change. This information is current as of 4/22/2025 and is subject to change. SoFi Private Student loans are originated by SoFi Bank, N.A. Member FDIC. NMLS #696891 (www.nmlsconsumeraccess.org).

        SoFi Loan Products
        SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.


        Non affiliation: SoFi isn’t affiliated with any of the companies highlighted in this article.

        Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.


        Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.




        SOISL-Q325-026

        Read more

        EX Everyday Cash Rewards | SoFi



        Partner offer shared by Experian®

        Earn up to 3% cash back rewards.1


        Partner offer shared by Experian®

        Earn up to 3% cash back rewards1


        Read more

        Southern New Hampshire University Tuition and Fees


        Southern New Hampshire University Tuition and Fees

        Southern New Hampshire University Tuition and Fees

        On this page:

          By Susan Guillory

          (Last Updated – 08/2025)

          Total Cost of Attendance

          Considered one of the “Best Regional Universities” by U.S. News & World Report, Southern New Hampshire University offers a superior education, both in person and online.

          Costs for 2024-2025

          Expense

          Cost

          Tuition & Fees

          $17,200

          Books & Supplies

          $1,500

          Room & Board

          $12,800

          Other Expenses

          $9,888

          Total Cost of Attendance

          $41,388

          Southern New Hampshire University tuition for the 2024-25 academic year was $17,200. This is substantially lower than the national average for four-year private nonprofit institutions of $41,540 per year.

          Financial Aid

          Most students (81%) receive student loans, grants, or scholarships to help with SNHU tuition.

          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 those on 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 at sources such as:

          •  U.S. Department of Education – Learn more about the grants that are bestowed by the federal government

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

          •  Scholarship Search Tool

          Recommended: The Differences Between Grants, Scholarships, and Loans

          Private Student Loans

          About two-thirds (66%) of first-year students received student loans in 2022-23 to pay their Southern New Hampshire University tuition. Almost all (65%) took out federal student loans and 4% had private loans. The average private student loan amount was $15,985.

          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 student 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: A Complete Guide to Private Student Loans

          Projected 4-Year-Degree Price

          Based on figures for 2024-25, four years’ worth of tuition, room and board, books, and other expenses at Southern New Hampshire cost $165,552. This is far more affordable than the national average for private four-year colleges of $241,680, according to CollegeData.com.

          This Student Loan & Scholarship Information may be helpful in understanding options for financing four years at SNHU.

          Repay student loans your way.

          Find the monthly
          payment & rate that fits your budget.

          Undergraduate Tuition and Fees

          Costs for 2024-25

          Expense

          Cost

          Tuition & Fees

          $17,200

          Room & Board

          $12,800

          Total

          $30,000

          In 2024-25, SNHU first-year students paid $17,200 for tuition and fees and $12,800 for room and board, for a total of $30,000. The average for private schools in the U.S. is more than double that, at $60,420 per year.

          Graduate Tuition and Fees

          Costs for 2024-25

          Expense

          Cost

          Tuition

          $20,385

          Fees

          $1,002

          Total

          $21,387

          Southern New Hampshire University offers more than 30 graduate programs. As of 2024-25, SNHU tuition for graduate school is $20,385 per year, with $1,002 in fees, for a total of $21,387. This is 42% more than the $15,100 average annual cost of private, nonprofit U.S. graduate schools.

          There are graduate loans available to help with Southern New Hampshire costs.

          Cost per Credit Hour

          Another option is to attend SNHU part-time. In 2024-25, you would pay $567 per credit as an undergraduate and $793 as a masters student. Doctoral candidates pay $680 to $1,025 per credit.

          Campus Housing Expenses

          Costs for 2024-25

          Expense

          On Campus

          Off Campus

          Room & Board

          $12,800

          $1,865/mo.*

          Other Expenses

          $9,888

          $9,888

          *Average rate based on available one-bedroom apartments near SNHU in 2025. Source: Rentable.com.

          SNHU offers five residence halls, primarily for freshmen and sophomores, as well as three residence apartment buildings for juniors and seniors.

          Those who choose to live off campus will find many options for apartments, houses, and duplexes near campus.

          Southern New Hampshire University Acceptance Rate

          Fall 2023

          Number of applications

          Number accepted

          Percentage accepted

          45,127

          43,322

          96%

          The Southern New Hampshire acceptance rate is high, at 92%.

          Admission Requirements

          Southern New Hampshire University has a few requirements for applicants, as well as some recommended documents you may want to submit.

          Required:

          •  Official high school transcript (or GED) with GPA

          •  One letter of recommendation from a school counselor or teacher

          Recommended:

          •  SAT or ACT scores

          The deadline for Early Action is November 15; for Priority, it’s February 1.

          SAT and ACT Scores

          You are not required to submit SAT or ACT test scores for admission to SNHU.

          Graduation Rate

          Here’s the graduation rate for students who started studying at Southern New Hampshire University in 2017:

          •  Four years: 38%

          •  Six years: 48%

          Post-Graduation Median Earnings

          After graduating, students from SNHU earn, on average, $50,318 per year. This is below the national average for four-year private, nonprofit schools of $53,727.

          Bottom Line

          With an emphasis on business programs, SNHU offers students the opportunity to learn in person or online. The tuition is affordable and there are plenty of financial aid options to help you pay for your schooling.

          View your rate

          SoFi Private Student Loans
          Please borrow responsibly. SoFi Private Student loans are not a substitute for federal loans, grants, and work-study programs. We encourage you to evaluate all your federal student aid options before you consider any private loans, including ours. Read our FAQs.
          Terms and conditions apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. SoFi Private Student loans are subject to program terms and restrictions, such as completion of a loan application and self-certification form, verification of application information, the student's at least half-time enrollment in a degree program at a SoFi-participating school, and, if applicable, a co-signer. In addition, borrowers must be U.S. citizens or other eligible status, be residing in the U.S., Puerto Rico, U.S. Virgin Islands, or American Samoa, and must meet SoFi’s underwriting requirements, including verification of sufficient income to support your ability to repay. Minimum loan amount is $1,000. See SoFi.com/eligibility for more information. Lowest rates reserved for the most creditworthy borrowers. SoFi reserves the right to modify eligibility criteria at any time. This information is subject to change. This information is current as of 4/22/2025 and is subject to change. SoFi Private Student loans are originated by SoFi Bank, N.A. Member FDIC. NMLS #696891 (www.nmlsconsumeraccess.org).
          SoFi Bank, N.A. and its lending products are not endorsed by or directly affiliated with any college or university unless otherwise disclosed.


          SoFi Loan Products
          SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.


          Non affiliation: SoFi isn’t affiliated with any of the companies highlighted in this article.

          External Websites: The information and analysis provided through hyperlinks to third-party websites, while believed to be accurate, cannot be guaranteed by SoFi. Links are provided for informational purposes and should not be viewed as an endorsement.


          SOISL-Q325-071

          Read more
          TLS 1.2 Encrypted
          Equal Housing Lender