Tufts University Tuition and Fees
Tufts University Tuition and Fees
(Last Updated – 06/2025)
A top private research institution that’s also committed to liberal arts, Tufts University, located just outside of Boston, is known for its quality education. With three schools — the School of Arts and Sciences, the School of Engineering, and the School of the Museum of Fine Arts (SMFA) — the university supports interdisciplinary degrees. Most classes have less than 20 students, and the student-faculty ratio is just 10:1.
Total Cost of Attendance
Tufts tuition for the 2024-25 school year was $70,704. This is 70% more than the national average for tuition at a private university, which is $41,540.
Costs for 2024-25
|
Tuition & Fees |
$70,704 |
|
Books & Supplies |
$1,000 |
|
Room & Board |
$18,588 |
|
Other Expenses |
$1,796 |
|
Total Cost of Attendance |
$92,088 |
Financial Aid
Tufts financial aid, which 46% of its first-year students receive, may be grants, scholarships, student loans, or a combination of these. Tufts is “need blind,” meaning that your ability to pay the Tufts University tuition won’t be a deciding factor when you apply.
Explore financial aid options: Massachusetts Student Loans & Scholarships.
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 provided 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 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. These loans come with fixed interest rates that are typically lower than those of 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
• Scholarship Search Tool from SoFi
Recommended: The Differences Between Grants, Scholarships, and Loans
Private Student Loans
To help with Tufts University tuition, 19% of first-year students use federal student loans, and 8% take out private student loans averaging $11,848.
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. By contrast, with federal student loans, you don’t have to start paying the money 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 may have 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 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 price for a first-year undergraduate in 2024-25 — including tuition, fees, room and board, books, supplies, and other expenses — was $92,088. If this remains true for all four years, the price for four years would be $368,352. This is significantly higher than U.S. private institutions’ average four-year cost of $241,680.
Here’s some student loan and scholarship information for you.
Undergraduate Tuition and Fees
Costs for 2024-25
|
Tuition & Fees |
$70,704 |
|
Books & Supplies |
$1,000 |
|
Total Cost of Attendance |
$71,704 |
The cost of Tufts University tuition and fees, plus books and supplies, was $71,704 in 2024-25. Many students receive Tufts financial aid to help with this cost.
Graduate Tuition and Fees
Costs for 2024-25
|
Tuition |
$49,574 |
|
Fees |
$1,224 |
|
Total Cost of Attendance |
$50,798 |
Tufts tuition plus fees for graduate students was $50,798 in 2024-25. This is slightly lower than the national one-year average for graduate school at a private institution. According to the most recent data, that figure is $51,770.
Cost per Credit Hour
For students who attend part-time, the cost of Tufts University per credit hour is $2,999. Additional mandatory fees total $6,327 per year.
Campus Housing Expenses
Costs for 2024-25
|
Residence |
On Campus |
Off Campus |
|
Room & Board |
$18,588 |
$2,800/mo* |
|
Other Expenses |
$1,796 |
$1,796 |
*Average rate based on available one-bedroom apartments on Tufts University’s off-campus housing website in 2025.
At Tufts, freshmen are required to live on campus for two years. There are triple-, double- and single-occupancy options for first-year students in one of 14 residence halls.
Tufts University Acceptance Rate
Fall 2023
|
Number of Applications |
Number Accepted |
Percentage Accepted |
|
34,003 |
3,400 |
10% |
Tufts University’s acceptance rate is very selective, at 10%.
Admission Requirements
Tufts University has a rigorous application process. Here’s what you’ll need to apply.
Required:
• High school transcript
• Senior grades
• Letters of recommendation
• Portfolio for some programs
Recommended:
• SAT or ACT scores
• Alumni interview
The deadline for Early Decision I is November 4, with a decision notification by mid-December. The deadline for Early Decision II is January 6, with a decision notification by early February. The deadline for Regular Decision is January 6, with a decision notification by April 1.
SAT and ACT Scores
Though test scores are not required, here are representative scores of admitted students.
|
Subject |
25th Percentile |
75th Percentile |
|
SAT Evidence-Based |
710 |
760 |
|
SAT Math |
750 |
790 |
|
ACT Composite |
33 |
35 |
Popular Majors at Tufts University
Tufts University offers nearly 150 different undergraduate majors and minors. Here are the most popular majors.
1. Computer Science
Computer Science majors get a solid foundation in theoretical computer science, algorithmic knowledge, applied computer science, and software engineering. They also have the opportunity to participate in research in algorithms and theory of computation, artificial intelligence, computational biology, cognitive science, digital humanities, educational technologies, and more.
Undergraduate degrees in 2023-24: 177
2. Quantitative Economics
Mathematically-inclined students will thrive in this program, taking courses like Principles of Economics, Intermediate Microeconomics, Foundations of Quantitative Economics, Topics in Environmental Economics, and Econometric Analysis.
Undergraduate degrees in 2023-24: 158
3. Biology
Not only do Biology students get to take courses like Big Bang to Humankind, Neuroanatomy, Gross Anatomy, and Environment Preservation and Improvement, but they also have ample opportunities to participate in research projects.
Undergraduate degrees in 2023-24: 134
4. International Relations
Those pursuing this degree take courses like Globalization, Sociology of War and Peace, U.S. Foreign Relations to 1900, International Health Policy, and Comparative Revolutions. They also have the opportunity to study abroad in places like Chile, China, France, Germany, Great Britain, Hong Kong, Japan, and Spain.
Undergraduate degrees in 2023-24: 121
5. Mechanical Engineering
Majors in this program dive deep into mechanics, materials, design, and science subjects, while also having the opportunity to work in labs that focus on acoustics, microelectrical-mechanical systems (MEMS), semiconductor manufacturing, materials characterization, and thermal processing.
Undergraduate degrees in 2023-24: 79
6. Interdisciplinary Art Studies
This degree, which combines a liberal arts education with intensive studio arts hands-on experience, allows students to create their own program. They can choose courses such as animation, book arts, drawing, film, graphic arts, illustration, jewelry, metals, painting, performance, photography, sculpture, video, and more.
Undergraduate degrees in 2023-24: 77
7. Psychology
Psych students take courses like Emotion, Social Psychology, Experimental Psychology, and Brain and Behavior.
Undergraduate degrees in 2023-24: 68
8. Biopsychology
This program combines psychology with neurobiology and behavior. It offers courses like Experimental Psychology, Laboratory in Functional Neuroimaging, Biochemistry and Cellular Metabolism, Autism and Neurodevelopment Disorders, Animal Behavior, and Endocrinology.
Undergraduate degrees in 2023-24: 64
9. Community Health
Students learn about factors that determine health and illness, how communities define and try to resolve health-related problems, and the formation of healthcare policies in the United States and other countries.
Undergraduate degrees in 2023-24: 63
10. Political Science
There are four components to the Political Science program: American government and politics, comparative politics and government, political theory and philosophy, and international relations. Courses are sometimes taught by political figures and consultants, which connects students to real-world applications of what they learn.
Undergraduate degrees in 2023-24: 62
Graduation Rate
These are the graduation rates at Tufts University:
• 4 years: 86%
• 6 years: 93%
• 8 years: 94%
Post-Graduation Median Earnings
After completing their undergraduate studies at Tufts, students earn on average $83,214. This is higher than the national median figure for post-graduation earnings, which is $68,516.
Bottom Line
Tufts University offers students a stellar educational experience. Though its tuition is higher than the average for a private U.S. institution, the school is “need blind,” which means your ability to pay won’t be a factor when applying. And financial aid options are available. The most challenging part may be getting in. Tufts’ acceptance rate is very selective.
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-Q225-062
Wichita State University Tuition and Fees
Wichita State University Tuition and Fees
(Last Updated – 06/2025)
Wichita State University (WSU) is a public research university located in Wichita, Kansas. It offers over 60 undergraduate degree programs in more than 200 areas of study across six colleges. Known for its emphasis on applied learning, WSU fosters innovation through partnership with industry and research initiatives. Athletically, WSU’s Shockers compete in NCAA Division I within the American Athletic Conference. The campus also features the Ulrich Museum of Art, renowned for its outdoor sculpture collection.
Total Cost of Attendance
Wichita State University tuition in 2024-25 for state residents was $9,684. This is lower than the national average of $11,260 for in-state tuition at public universities. For residents of other states, Wichita State tuition was $19,869, which comes in well below the national average for out-of-state tuition of $29,150.
Tuition, however, is only part of the total cost of attending college. Here’s a look at other expenses students can expect when attending Wichita State University.
Costs for 2024-2025
|
Espense |
In-State |
Out-of-State |
|
Tuition & Fees |
$9,684 |
$19,869 |
|
Books & Supplies |
$1,250 |
$1,250 |
|
Room & Board |
$12,420 |
$12,420 |
|
Other Expenses |
$3,560 |
$3,560 |
|
Total Cost of Attendance |
$26,914 |
$37,099 |
Financial Aid
To help with the Wichita State University cost, 89% of full-time undergraduate students receive some type of financial aid. This includes federal and state grants, scholarships, and 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:
• U.S. 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
• Scholarship Search Finder – Use our handy tool to streamline your search by award type, location, level of study and more.
Private Student Loans
A large share of students (40%) tap student loans to help pay the Wichita State tuition and other costs: 41% take out federal loans, and 5% get private student loans (with an average amount of $12,064).
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 Wichita State University cost of attendance for four years — including tuition and fees, room and board, books, and other expenses — is $107,656 for in-state students (based on 2024-25 numbers). By comparison, the national average at public universities for in-state students is $115,360 for four years.
For out-of-state residents, the four-year cost for attending Wichita State is $148,396. This is lower than the national average of $186,920 for out-of-state cost of attendance.
This student loan and scholarship information may be valuable as you research schools and costs.
Undergraduate Tuition and Fees
Costs for 2024-25
Wichita State University undergraduate tuition and fees for the 2024-25 academic year were $9,684 for in-state students, a 3.9% increase over 2023-24. The tuition and fees for out-of-state students were $19,869, a 3.3% increase over 2023-24.
Graduate Tuition and Fees
Costs for 2024-25
|
Expense |
In-State |
Out-State |
|
Tuition |
$6,099 |
$14,986 |
|
Fees |
$1,887 |
$1,887 |
Tuition and fees for graduate students at Wichita State for 2024-25 averaged $7,986 for in-state students and $16,873 for out-of-state students. This is a good deal for both residents and nonresidents: The average cost of graduate school tuition and fees in the U.S. is $22,430 per year.
There are graduate loans available to help with these costs.
Cost per Credit Hour
The cost per credit hour at WSU is $250.97 for Kansas residents and $590.46 for nonresidents.
Campus Housing Expenses
WSU housing includes Shocker Hall (traditional housing for first-year students), The Suites (suite-style housing for first-year students), and The Flats (an upperclassmen-only apartment complex).
Students can also apply for a Living Learning Community (LLC), which is a group of students who choose to live together to enjoy a built-in support system of mentoring, networking, and an enhanced sense of community.
Costs for 2024-25
• Housing and food expenses (on campus): $12,420
• Housing and food expenses (off campus): $13,030
• Other living expenses (on/off campus): $3,560
Total living expenses for 2024-25 came to an estimated $15,980 for students who lived on campus and $16,590 for those who lived off campus.
Wichita State University Acceptance Rate
Fall 2023
|
Number of Applications |
Number Accepted |
Percentage Accepted |
|
8,637 |
8,205 |
95% |
Wichita State University is not selective, with an acceptance rate of 95%.
Admission Requirements
Freshmen are assured admission to Wichita State if they meet the following:
Required:
• Have a cumulative 2.25 or higher GPA on a 4.00 scale, OR
• Achieve an ACT composite of 21 or higher OR a minimum combined SAT ERW+M score of 1060 (test optional for admission)
Those who don’t meet the guaranteed admission requirements are still encouraged to apply. Your application will be reviewed individually.
To apply to Wichita State as an incoming freshmen, you’ll need to:
• Complete the application (either the WSU application or Common App)
• Have official high school transcripts sent directly to WSU
• Have ACT or SAT scores sent directly to WSU (if submitting)
• Pay a on-refundable $40 application fee
Wichita State has a rolling admissions policy, which means applications are processed as they are received. Students should apply early, prior to the semester they want to begin taking classes.
You can expect to receive a decision from WSU within two weeks after the Office of Admissions receives all of the necessary application materials.
SAT and ACT Scores
Though submitting test scores is optional at WSU, it can be helpful to know the average scores of accepted students who chose to submit their scores.
Here are the standardized test scores of students who enrolled in Fall 2023 at the 25th and 75th percentiles.
|
Subject |
25th Percentile |
75th Percentile |
|
SAT Evidence-Based |
490 |
630 |
|
SAT Math |
480 |
620 |
|
ACT Composite |
18 |
26 |
|
ACT English |
16 |
25 |
|
ACT Math |
17 |
25 |
Popular Majors at Wichita State University
WSU offers a wide variety of undergraduate degrees and majors. Here’s a look at 10 of of the most popular areas of study:
1. Elementary Education
The B.A in Elementary Education prepares students to become certified teachers in grades K-6. This four-year program includes two years of general education followed by two years of teacher education. It focuses on providing a strong foundation in core academic subjects like English, math, science, social studies, and the arts.
Undergraduate degrees in 2023-24: 226
2. Nursing
Wichita State offers both a traditional B.S. in Nursing (BSN) and an accelerated BSN program. The traditional program prepares students for entry-level nursing positions and graduate studies in nursing. The accelerated program is a compressed version, allowing students to complete their BSN in as little as 13 months.
Undergraduate degrees in 2023-24: 125
3. Business Administration
The Business Administration major is a broad-based undergraduate program that prepares students for various careers in business, including general management, entrepreneurship, and work within corporations. Students can specialize by pursuing a minor in a specific business discipline.
Undergraduate degrees in 2023-24: 110
4. Psychology
Psychology majors gain a broad understanding of human behavior, cognition, and social interactions. The program prepares students for diverse career paths and graduate studies. It’s also well-suited for double majoring in fields like pre-law, social work, and business.
Undergraduate degrees in 2023-24: 103
5. Mechanical Engineering
The Mechanical Engineering major prepares students for careers in a wide range of industries, including manufacturing, aerospace, automotive, and consumer products. The program focuses on design, analysis, and the development of processes for manufacturing. It is accredited by the Accreditation Board for Engineering and Technology (ABET).
Undergraduate degrees in 2023-24: 79
6. Accounting
WSU offers a Bachelor of Business Administration (BBA) in accounting through their Barton School of Business. Students receive a foundation in business, including statistics and economics, as well as marketing and management courses in preparation for the Certified Public Accountant (CPA) exam.
Undergraduate degrees in 2023-24: 79
7. Biological Sciences
The Biological Sciences major at WSU offers a range of options for students interested in different areas of biology. Students can pursue a B.A or B.S. degree with an emphasis in biological / biomedical, biochemistry, or ecological / environmental / organismal areas. This major prepares students for professional careers or graduate school.
Undergraduate degrees in 2023-24: 72
8. Computer Science
The Computer Science major is a B.S. degree that focuses on the principles and use of computers. Students learn to design, develop, and test computer programs and systems, and apply mathematical methodologies to solve computational tasks. They also have the opportunity to specialize in areas like intelligent systems, software engineering, data sciences, information security, e-commerce, and biomedical computing.
Undergraduate degrees in 2023-24: 70
9. Criminal Justice
The Criminal Justice major offers a B.S. degree with a focus on the criminal justice system, criminal behavior, and related fields. It combines theoretical knowledge with practical, applied learning opportunities, including internships with local and federal agencies. The program is also available in a flexible online format.
Undergraduate degrees in 2023-24: 68
10. General Studies
The Bachelor of General Studies (BGS) degree allows students to design a customized plan of study across multiple departments or even colleges within the university. This degree is designed for students with diverse interests or those who may not fit neatly into a traditional disciplinary major.
Undergraduate degrees in 2023-24: 76
Graduation Rate
While many WSU students complete their degree in four years, some take longer. Here are the graduation rates for students who began at the school in 2017.
• 4 years: 31%
• 6 years: 51%
Post-Graduation Average Earnings
The average annual salary for Wichita State University graduates is $76,000. This is higher than the average projected starting salary for the class of 2025 at the bachelor’s degree level, which is $68,680.
Bottom Line
With its wide variety of degree programs, strong focus on applied learning, and a cost that’s below the national average, both in- and out-of-state students can find that Wichita State University offers good value. Those who need help covering the WSU tuition and other costs may qualify for financial assistance in the form of grants, scholarships, and federal student loans.
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.
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.
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-Q225-093
Washington University in St. Louis Tuition and Fees
Washington University in St. Louis Tuition and Fees
(Last Updated – 06/2025)
Washington University in St. Louis (or WashU) is a prestigious private research university located in Missouri. Founded in 1853, it is known for its rigorous academics and collaborative environment. The school offers strong programs across disciplines including business, engineering, medicine, law, and the arts and sciences. With a diverse and intellectually curious student body, WashU combines academic excellence with a supportive campus culture that prepares students for leadership and meaningful impact in their careers.
Total Cost of Attendance
The total cost of attendance at Washington University in St. Louis in 2024-25 was $92,523, which is significantly higher than the national average of $60,420 at private colleges.
Here’s a look at how those costs breakdown:
Costs for 2024-25
|
Tuition & Fees |
$65,790 |
|
Books & Supplies |
$1,304 |
|
Room & Board (On-Campus) |
$21,854 |
|
Other Expenses |
$7,280 |
|
Total Cost of Attendance |
$92,523 |
Financial Aid
Washington University in St. Louis is need-blind when reviewing applications, which means a student’s financial need will not influence an admission decision. In fact, 54% of undergraduates use financial aid to help cover the tuition and other costs. This may be scholarships, grants, student loans, or a combination of these.
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: Missouri Student Loan & Scholarship Information
Private Student Loans
Some students take out student loans to help cover WashU tuition and other costs: 16% take out federal loans; 2% get private student loans (with an average amount of $27,740).
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 WashU for four years — including tuition and fees, room and board, books, and other expenses — would be $370,092 (based on 2024-25 numbers). This is higher than the national average of $241,680 for four years at a private university.
This student loan and scholarship information may be valuable as you research schools and costs.
Undergraduate Tuition and Fees
Costs for 2024-25
WashU undergraduate tuition and fees for 2024-25 were $65,790, which is higher than the national average for private schools, which is $41,540.
Graduate Tuition and Fees
Costs for 2024-25
• Average tuition: $64,500
• Fees: $646
Tuition and fees for graduate students at WashU for 2024-25 averaged $65,146. This is substantially higher than the average cost of graduate school tuition and fees in the U.S., which is $22,430 per year.
There are graduate loans available to help with these costs.
Cost per Credit Hour
If students take more than 21 units per semester, they will pay additional tuition of $2,688 for each additional credit. Undergraduate students may be eligible to pay the per-credit unit tuition rate if they receive approval to take below the required minimum courseload of 12 units.
Campus Housing Expenses
First-year WashU students are required to live on campus. If you enroll as a freshman, you will live in one of 10 residential communities located on a part of campus known as “South 40.” Most sophomores continue living on the South 40, though some move to the Northside or opt for a Living Learning Community or fraternity housing. Many juniors and seniors choose to live in university-owned apartments located both on and off campus.
Costs for 2024-25
• Estimated housing and food expenses (on/off campus): $21,854
• Estimated other living expenses: $3,575
Total living expenses for the 2024-24 academic year were estimated at $25,429.
Washington University in St. Louis Acceptance Rate
Fall 2023
|
Number of Applications |
32,240 |
|
Number Accepted |
3,869 |
|
Percentage Accepted |
12% |
The WashU acceptance rate is 12%, which makes the school extremely selective.
Admission Requirements
Here’s what you’ll need to submit to apply to WashU as a first-year student:
• Application (either the Common Application or Coalition Application)
• Answers to WashU-specific questions
• School report and official transcript
• Teacher evaluation
• Counselor recommendation
Optional:
• Self-reported or official SAT or ACT scores
• Answer to supplemental WashU question
Note: A portfolio is required for students applying to the College of Art, and strongly encouraged for students applying to the College of Architecture. The portfolio should be submitted using SlideRoom.
Here are the application deadlines:
• Early Decision I: November 1 (with an admission decision released by December 13)
• Early Decision II: January 2 (with an admission decision released by February 14)
• Regular Decision: January 2 (with an admission decision released by April 1)
SAT and ACT Scores
Though submitting test scores is optional at WashU, it can be helpful to know the average scores of other students who chose to submit their scores.
Here are the standardized test scores of students who enrolled in Fall 2023 at the 25th and 75th percentiles.
|
Subject |
25th Percentile |
75th Percentile |
|
SAT Evidence-Based |
730 |
770 |
|
SAT Math |
770 |
800 |
|
ACT Composite |
33 |
35 |
|
ACT English |
34 |
35 |
|
ACT Math |
31 |
35 |
Popular Majors at Washington University in St. Louis
Four WashU schools offer undergraduate degrees and academic programs. Here are 10 of the most popular majors:
1. Computer Science
The B.S. in Computer Science (BSCS) is designed for students planning a career in computing. The program requires core courses (like Introduction to Computer Engineering, and Data Structures and Algorithms), classes that delve into computer systems and methods, along with math courses and electives.
Undergraduate degrees in 2023-24: 159
2. Psychology
Psychology is a multi-purpose major and can be a good choice for those considering careers in law, medicine, the health professions, education, business, and more. Students probe everything from the biological bases of behavior to learning and memory to social interactions and attitudes. They also have the opportunity to add a concentration, which is focused study in a specific area.
Undergraduate degrees in 2023-24: 155
3. Mechanical Engineering
Mechanical engineering majors get a foundational education in the mechanics of solids and fluids, thermodynamics and heat transfer, the science of materials, and the principles and techniques of mechanical engineering design. Students can further specialize in areas of interest through electives.
Undergraduate degrees in 2023-24: 103
4. Finance
The Finance major is part of the Bachelor of Science in Business Administration (BSBA) program offered by the Olin Business School. The program provides a strong foundation in financial principles and prepares students for careers in areas like financial management, banking, insurance, and the securities industry.
Undergraduate degrees in 2023-24: 100
5. Econometrics
The Economics program at WashU offers a comprehensive education in economic theory, analysis, and policy, preparing students for a variety of careers and further studies. Students delve into topics like poverty, unemployment, globalization, and economic inequality. The program emphasizes analytical models and their application to real-world issues.
Undergraduate degrees in 2023-24: 81
6. Biology
The Biology major provides a broad foundation in the principles of life, from molecular and cellular processes to organismal and ecological interactions, with a focus on evolutionary perspectives. Students can specialize in areas like general biology, ecology and evolution, genomics and computational biology, molecular biology and biochemistry, neuroscience, and environmental biology.
Undergraduate degrees in 2023-24: 74
7. Political Science
Political science majors gain a comprehensive understanding of political systems, institutions, and processes, and go on to explore various subfields like American politics, comparative politics, international relations, and political theory. The program equips students with analytical skills and a broad liberal education, preparing them for careers in government, law, business, and other fields.
Undergraduate degrees in 2023-24: 61
8. Communication Design
The Communication Design major focuses on visual communication, equipping students with the skills to translate information and ideas across various mediums. It’s a broad field encompassing graphic design, illustration, interaction design, and more. The program emphasizes visual problem-solving, organizational skills, and information theory, preparing students for a range of design roles.
Undergraduate degrees in 2023-24: 54
9. Biomedical Engineering
The B.S. in Biomedical Engineering program is an interdisciplinary major that applies engineering principles to solve problems in biology and medicine. Students have opportunities to work with faculty in various research areas, such as biomaterials, imaging, and cell/tissue engineering. Graduates pursue careers in the biomedical engineering industry or related fields.
Undergraduate degrees in 2023-24: 48
10. Mathematics
The Mathematics major provides a solid foundation in the fundamental principles of mathematics, covering areas like algebra, analysis, and statistics. Students also explore the quantitative side of numerous fields, including economics, biology, the behavioral sciences, business, and architecture. The department offers opportunities for independent study, research, and internships.
Undergraduate degrees in 2023-24: 43
Graduation Rate
The vast majority of WashU students complete their degree in four years. But some students take longer. Here are the graduation rates for students who began at the school in 2017.
• 4 years: 87%
• 6 years: 94%
Post-Graduation Average Earnings
The average annual salary for graduates of Washington University in St. Louis is $84,000. This is significantly higher than the average projected starting salary for the class of 2025 at the bachelor’s degree level, which is $68,680.
Bottom Line
WashU is a highly respected private college that is difficult to get into and offers a top-tier education. Tuition is on the upper end, but roughly half of undergraduates receive some sort of financial aid, including need-based grants, merit scholarships, and student loans. Graduates typically earn a higher salary than the average.
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.
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.
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-Q225-092
University of Southern California (USC) Tuition and Fees
University of Southern California (USC) Tuition and Fees
(Last Updated – 06/2025)
The University of Southern California (USC), founded in 1880, is a prestigious private research university located in Los Angeles, California. Renowned for its academic excellence, USC offers a wide range of undergraduate, graduate, and professional programs through its 23 schools and academic departments. It is especially recognized for strengths in business, engineering, cinema, and the arts. Located near the heart of L.A., USC provides students with vast cultural, professional, and creative opportunities, making it a leading institution for higher education on the West coast.
Total Cost of Attendance
The total cost of attendance at USC in 2023-24 was $90,453, which is significantly higher than the national average of $60,420 at private colleges.
Costs for 2023-24
|
Tuition & Fees |
$68,237 |
|
Books & Supplies |
$1,200 |
|
Room & Board |
$19,198 |
|
Other Expenses |
$1,818 |
|
Total Cost of Attendance |
$90,453 |
Financial Aid
USC is need-blind in its admission process, which means a student’s financial need will not influence an admission decision. In fact, around 70% of USC students use financial aid to help cover the tuition and other costs. This may be student loans, scholarships, or grants, or a combination of these.
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.
Private Student Loans
Of the USC students who take out student loans, 25% take out federal loans, and 3% get private student loans (with an average amount of $38,338).
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 USC for four years — including tuition and fees, room and board, books, and other expenses — would be $361,812 (based on 2023-24 numbers). This is much higher than the national average of $241,680 for four years at a private university.
This student loan and scholarship information may be valuable as you research schools and costs.
Undergraduate Tuition and Fees
Costs for 2023-24
University of Southern California undergraduate tuition and fees for 2023-24 were $68,237, which represents a 5.4% increase over the prior academic year.
Graduate Tuition and Fees
Costs for 2023-24
• Average tuition: $66,640
• Fees: $2,232
Tuition and fees for graduate students at USC for 2023-24 averaged $68,872. This is substantially higher than the average cost of graduate school tuition and fees in the U.S., which is $22,430 per year.
There are graduate loans available to help with these costs.
Cost per Credit Hour
The cost per credit hour (or unit) is $2,354 for both undergraduate and graduate students at USC. Undergraduate students take 12-18 units per semester; graduate students take 15-18 units per semester.
Campus Housing Expenses
While USC does not require freshmen to live on campus, the school offers a wide range of on-campus housing options for first-year students, including residence halls, suites, and apartment-style living.
Costs for 2023-24
• Estimated housing and food expenses (on/off campus): $19,198
• Estimated other living expenses (on/off campus): $1,818
Total living expenses for 2023-24 came to an estimated $21,015 for students who chose to live on or off campus.
You can find out more about housing at USC here .
University of Southern California (USC) Acceptance Rate
Fall 2023
|
Number of Applications |
80,808 |
|
Number Accepted |
8,081 |
|
Percentage Accepted |
10% |
The USC acceptance rate is 10%, which makes the school highly selective.
Admission Requirements
Here’s what you’ll need to apply to USC as a first-year student:
• The Common Application
• Official high school transcript
• Letter of recommendation from school counselor or teacher (some programs may require additional letters of recommendation)
• SAT/ACT test scores (optional)
• Portfolio, résumé, and/or additional writing samples (if required by your intended major)
• Fall grades (when available)
Here are the application deadlines:
• Early Action (majors not requiring a portfolio/audition): November 1
• Early Decision (Marshall School of Business only): November 1
• Regular Decision (majors requiring a portfolio or audition): December 1
• Regular Decision (majors not requiring a portfolio/audition): January 10
SAT and ACT Scores
Though submitting test scores is optional at the University of Southern California, it can be helpful to know the average scores of other students who chose to submit their scores.
Here are the standardized test scores of students who enrolled in Fall 2023 at the 25th and 75th percentiles.
|
Subject |
25th Percentile |
75th Percentile |
|
SAT Evidence-Based |
700 |
760 |
|
SAT Math |
740 |
790 |
|
ACT Composite |
32 |
35 |
|
ACT English |
34 |
35 |
|
ACT Math |
30 |
35 |
Popular Majors at USC
With 23 schools and divisions, USC offers a wide variety of majors and minors, including a large number of interdisciplinary majors.
Here’s a look at 10 of the most popular majors at USC.
1. Business Administration
This major combines a strong grounding in business fundamentals with expertise in select functional areas, along with extensive exposure to the liberal arts. Core requirements include accounting, strategy, behavior and leadership, marketing, statistics, data science, and operations management.
Undergraduate degrees in 2022-23: 1,221
2. Engineering
The USC Viterbi School of Engineering offers a variety of undergraduate engineering majors leading to a Bachelor of Science degree. These include aerospace engineering, astronautical engineering, biomedical engineering, chemical engineering, civil engineering, and computer engineering.
Undergraduate degrees in 2022-23: 453
3. Computer Science
This is an interdisciplinary program designed to provide students with a professional and academic understanding of the subject. Students begin by gaining the fundamentals of computation, programming, data structures, software engineering, and artificial intelligence, then move on to more specialized electives.
Undergraduate degrees in 2022-23: 353
4. Communication
Students who choose this major focus on how people use communication to build systems, persuade others, resist compliance, and examine real-world problems. They complete foundational classes in social science, rhetoric, and cultural studies before moving on to a wide choice of electives, including media, economics, sports, health, and technology.
Undergraduate degrees in 2022-23: 260
5. Human Biology
This degree program is designed for students who want to focus on human applied physiology, biomedicine, nutrition and metabolism, and/or human evolution. It provides an excellent pre-professional education for those who want to go to study medicine, physical therapy, dentistry, nursing, nutrition, and other fields related to biology.
Undergraduate degrees in 2022-23: 235
6. Architecture
The Bachelor of Architecture is a five-year degree program that begins with an intensive study of architecture in the first year, then offers a mix of architectural and general university studies throughout the program. Students are also required to complete an off-campus comprehensive design studio project in the fifth year.
Undergraduate degrees in 2022-23: 174
7. Psychology
Training is provided in five key areas of psychology: cognitive, developmental, clinical, biological, and social. Students explore theoretical issues and analyze how they apply to societal needs.
Undergraduate degrees in 2022-23: 173
8. Economics
Economics majors study how individuals, businesses, and governments make choices about allocating resources. They learn about markets, supply and demand, inflation, unemployment, and economic policy. Courses include microeconomics, macroeconomics, statistics, and econometrics.
Undergraduate degrees in 2022-23: 159
9. Political Science
Political science majors study the systems and processes of government, public policy, and political behavior, both domestically and internationally. Students learn about political theory, comparative politics, international relations, and American politics. They also develop critical thinking, analytical, and communication skills. Many students supplement their academic studies with internships and study abroad programs.
Undergraduate degrees in 2022-23: 109
10. Public Policy
The B.S. in Public Policy program is an interdisciplinary major that focuses on the analysis of society’s political, social, and economic issues. Students can pick from one of five tracks: health policy and management; public policy and law: philanthropy, nonprofits and social innovation; public policy and data analytics; or urban environmental and sustainability policy. This major prepares students for graduate study and/or professional careers.
Undergraduate degrees in 2022-23: 89
Graduation Rate
Most USC students complete their degree in four years. But some students take longer. Here are the graduation rates for students who began at USC in 2017.
• 4 years: 77%
• 6 years: 92%
Post-Graduation Median Earnings
The average starting annual salary for University of Southern California graduates is $72,261. This is slightly higher than the average projected starting salary for the class of 2025 at the bachelor’s degree level, which is $68,680.
Bottom Line
The University of Southern California is a sought-after school that can be difficult to get into and offers a world-class education. Tuition is on the upper end, but more than two-thirds of USC undergraduates receive some sort of financial aid, including grants, merit scholarships, and federal and private student loans. Graduates typically earn a higher salary than the average.
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.
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-Q225-085
Current Mortgage Rates in Syracuse, NY Today
Apply online or call for a complimentary mortgage consultation.
Compare mortgage rates in Syracuse.
Key Points
• Mortgage rates in Syracuse, New York, are influenced by economic conditions and the creditworthiness of the borrower.
• Keep in mind, higher credit scores and larger down payments can lead to more favorable mortgage rates.
• If you’re a first-time homebuyer, you might be eligible for programs provided by New York State.
• Historical mortgage rates in Syracuse have seen their ups and downs, but they’re not expected to change significantly over the coming year.
• Locking in a mortgage rate can protect against market swings while you await your closing.
Introduction to Syracuse, New York Mortgage Interest Rates
For those in the Syracuse, New York area, understanding mortgage rates is crucial when you’re ready to take the leap into homeownership. This comprehensive guide is here to provide the lowdown on how lenders determine home loan rates — and how you can secure the best rate possible. We’ll delve into the key factors that influence mortgage rates, from the economic climate to your personal financial status, credit history, and down payment amount. By the end, you’ll be equipped with the knowledge to make informed decisions and confidently pursue the home of your dreams. Your first step? Getting a handle on how mortgage rates are set in the first place.
First-time homebuyer programs usually consider anyone who hasn’t owned a home in the previous three years to be a “first-timer.” If you think you might qualify as a first-time homebuyer, you could enjoy special benefits such as lower down payment minimums, grants, and closing cost assistance.
Where Mortgage Rates Come From
Mortgage rates are influenced by a variety of economic factors, and are a bit more complex than you might realize. The bond market, particularly the 10-year U.S. Treasury Note, has historically been a key indicator of where mortgage rates are headed. The overall performance of the housing market and the rate of inflation are also factors that can affect the prices lenders set. When the economy is strong, unemployment is low, and inflation is rising, mortgage lenders in Syracuse may increase rates.
While these large economic trends point rates in one direction or the other, the rate you are personally offered by a lender will be based on your credit score, debt-to-income (DTI) ratio, and down payment amount. A credit score of 620 or better will likely be needed for a conventional loan, though some government-backed loans are more lenient when it comes to credit. By staying informed and understanding these moving parts, you’re better equipped to snag the most favorable mortgage rates in Dallas.
More home loan resources.
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First-Time Homebuyer Guide
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First-Time Homebuyer Programs and Loans
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Mortgage Preapproval Process
