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University of Pittsburgh Tuition and Fees


University of Pittsburgh Tuition and Fees

University of Pittsburgh Tuition

On this page:

    By Kelly Boyer Sagert

    (Last Updated – 06/2025)

    Founded in 1787, the University of Pittsburgh is a well regarded public research institution with numerous accolades. In 2025, the university tied for the #32 spot on the national list of top public universities by U.S. News & World Report.

    Total Cost of Attendance

    The University of Pittsburgh tuition for Pennsylvania residents was $21,926 in 2024-25. This is almost double the national average of $11,260 for in-state tuition at public institutions. For out-of-state residents, Pitt tuition was $41,430, which is higher than the national average of $29,150 for out-of-state residents. Fortunately, there is Pitt financial aid available.

    Costs for 2024-2025


    Student Type

    In-State

    Out-of-State

    Tuition & Fees

    $21,926

    $41,430

    Books & Supplies

    $596

    $596

    Room & Board

    $13,620

    $13,620

    Other Expenses

    $3,014

    $3,014

    Total Cost of Attendance

    $39,156

    $58,660

    Financial Aid

    The majority of students, 84%, receive some form of Pitt financial aid, including scholarships, grants, loans, or a combination.

    Explore financial aid options: Pennsylvania Student Loans & Scholarships.

    Generally, financial aid is monetary assistance awarded to students based on personal need and 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 and federal and school deadlines may differ.

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

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

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

    •  Scholarship Search Tool

    Recommended: The Differences Between Grants, Scholarships, and Loans

    Private Student Loans

    Of those who take out student loans, approximately 20% have private student loans to help cover the University of Pittsburgh cost. The private loans average $12,551 or higher.

    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 University of Pittsburgh cost for four years, based on 2024-25 numbers, would be $156,624 for Pennsylvania students. This is substantially higher than the average tuition and all costs of public universities of $115,360 for in-state students.

    For residents of other states, the four-year cost would be $234,640, which is also higher than the national average of $186,920 for out-of-state tuition and other expenses.

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

    Repay student loans your way.

    Find the monthly
    payment & rate that fits your budget.

    Undergraduate Tuition and Fees

    Costs for 2024-25

    Student Type

    In-State

    Out-of-State

    Tuition & Fees

    $21,926

    $41,430

    Books

    $596

    $596

    Total

    $22,522

    $42,026

    The combined cost of Pitt tuition and fees plus room and board for in-state students was $33,440 in 2022-23. The cost was $49,680 for residents of other states.

    Graduate Tuition and Fees

    Costs for 2024-25

    Student Type

    In-State

    Out-of-State

    Tuition

    $26,350

    $45,556

    Fees

    $1,230

    $1,230

    Total

    $27,580

    $46,786

    University of Pittsburgh tuition and fees for graduate school was $27,580 for state residents and $46,786 for those from out of state. The overall national average for master’s degrees is $21,730 per year.

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

    Cost per Credit Hour

    The cost per credit hour for in-state students was approximately $1,142 in 2024-25. The cost was approximately $2,225 for non-Pennsylvania residents.

    Campus Housing Expenses

    Costs for 2024-25

    Student Type

    On-Campus

    Off-Campus

    Room & Board

    $13,620

    $1,180/mo*

    Other Expenses

    $3,014

    $3,014

    *Based on one-bedroom pricing. Average rate based on available apartments on the University of Pittsburgh’s off-campus housing website in 2025.

    At Pitt, freshmen can live on campus in first-year dorm-style housing. Upperclassmen have the option to live in apartment-style residences or off-campus.

    University of Pittsburgh Acceptance Rate

    Fall 2023

    Number of Applications

    Number Accepted

    Percentage Accepted

    58,416

    29,208

    50%

    The acceptance rate at the University of Pittsburgh was 50% in 2023.

    Admission Requirements

    Here’s what you’ll need to apply to the University of Pittsburgh.

    Required:

    •  Secondary school record, or SRAR (self-reported academic record)

    •  Personal statement (required for scholarship consideration and test-optional applicants as of 2025)

    •  English proficiency test may be required

    Recommended:

    •  Personal statement (for those who are not being considered for scholarships or who are providing test scores)

    •  SAT or ACT scores

    Good news for prospective students: Pitt operates on a rolling admission schedule, which means there are no deadlines to apply.

    SAT and ACT Scores

    The University is currently test-optional. As of Fall 2023, 41% of applicants submitted SAT scores and 12% submitted ACT scores. Here are the standardized test scores at the 25th and 75th percentile.

    Subject

    25th Percentile

    75th Percentile

    SAT Evidence-Based
    Reading/Writing

    640

    720

    SAT Math

    630

    730

    ACT Composite

    29

    33

    ACT English

    27

    35

    ACT Math

    26

    31

    Graduation Rate

    Here are the graduation rates at Pitt for those who started attending in Fall 2017.

    •  4 years: 71%

    •  6 years: 84%

    Post-Graduation Median Earnings

    Students earning a Bachelor’s degree at the University of Pittsburgh can expect to earn, on average, $66,125 per year. This figure is just slightly lower than the national average of $68,516 a year.

    Bottom Line

    The University of Pittsburgh tuition can be higher than the tuition at some other schools. However, the fact that the school is ranked highly as a public university may make it worth the price of admission, as does its array of offerings. Fortunately, there are plenty of financial aid options that could help make the cost of a U Pitt education more affordable for you, such as federal and/or private student loans.

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

    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.

    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.



    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-Q225-082

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    Texas Tech University Tuition Costs and Fees


    Texas Tech University Tuition and Fees

    Texas Tech University Tuition

    On this page:

      By Kelly Boyer Sagert

      (Last Updated – 06/2025)

      Located in Lubbock, Texas Tech University (TTU) is a public research institution and flagship campus of the Texas Tech University System. TTU operates on a semester calendar and is known for its commitment to research, student engagement, and community impact.

      This guide will detail TTU’s tuition and mandatory fees for both in‐state and out‐of‐state students, explore financial aid opportunities, and summarize acceptance rates and admission requirements to help you plan your academic and financial journey at Texas Tech.

      Total Cost of Attendance

      In 2024-25, Texas Tech tuition for in-state students was $11,852, which is slightly more than the national average of $11,260 at public institutions. For students from other states, Texas Tech tuition was $24,451, which is less than the national average for out-of-state tuition of $29,150.

      Costs for 2024-2025


      Student Type

      In-State

      Out-of-State

      Tuition & Fees

      $11,852

      $24,451

      Books & Supplies

      $1,200

      $1,200

      Food & Housing

      $10,742

      $10,742

      Other Expenses

      $4,731

      $4,731

      Total Cost of Attendance

      $28,525

      $41,124

      Financial Aid

      To help with the cost of tuition, room and board, and other expenses, 86% of students receive Texas Tech financial aid. This TTU financial aid may come as scholarships, grants, and/or student loans.

      Generally, financial aid is monetary assistance awarded to students based on personal needs 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: Scholarships 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: Grants are generally based on financial need. These can come from federal, state, private, and nonprofit organizations.

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

      •  Federal student loans: Federal student loans are money borrowed directly from the U.S. Department of Education. They come 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

      Recommended: The Differences Between Grants, Scholarships, and Loans

      Private Student Loans

      Of the students who take out student loans, 42% have federal student loans, while 10% take out private loans averaging $15,172.

      Private student 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 as it generally may have better rates and terms.

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

      Recommended: Guide to Private Student Loans

      Projected 4-Year-Degree Price

      The total undergrad cost to attend TTU for four years, including Texas Tech tuition and fees, room and board, books, and other expenses, would be $114,100, based on 2024-25 numbers. For out-of-state students, the cost would be $164,496 for four years.

      Compared to the national average for four years of in-state tuition and fees at public universities of $115,360, Texas Tech is slightly less. However, the cost for out-of-state students is more than $20,000 less than the national four-year average of $186,920.

      Recommended: Texas Student Loan & Scholarship Information

      Repay student loans your way.

      Find the monthly
      payment & rate that fits your budget.

      Undergraduate Tuition and Fees

      Costs for 2024-25

      Student Type

      In-State

      Out-of-State

      Tuition & Fees

      $11,852

      $24,451

      Books & Supplies

      $1,200

      $1,200

      Total

      $13,052

      $25,651

      Texas Tech tuition and fees, plus books and supplies, total $13,052 for Texas residents and $25,651 for residents from other states.

      Graduate Tuition and Fees

      Costs for 2024-25

      Student Type

      In-State

      Out-of-State

      Tuition

      $6,956

      $15,356

      Fees

      $2,562

      $2,562

      Total

      $9,518

      $17,918


      To attend Texas Tech University for graduate school, Texas residents paid $9,518 for tuition and fees in 2024-25. For residents of other states, the total was $17,918.

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

      Cost per Credit Hour

      The cost per credit hour for part-time Texas Tech students is $298 for those in state, and $718 for those from other states.

      Campus Housing Expenses

      Costs for 2024-25

      Student Type

      On-Campus

      Off-Campus

      Room & Board

      $10,742

      $489+/mo*

      Other Expenses

      $4,731

      $4,731

      *Based on one-bedroom pricing. Average rate based on available apartments near Texas Tech University in 2025.

      At Texas Tech, first-year students are required to live on campus in one of 18 traditional residence halls, five apartment and suites residences, or the Honors pod.

      You can find more about Texas Tech off-campus housing here .

      Texas Tech University Acceptance Rate

      Fall 2023

      Number of Applications

      Number Accepted

      Percentage Accepted

      34,020

      24,154

      71%

      The acceptance rate at Texas Tech University was 68% in 2021.

      Admission Requirements

      Here’s what’s required and what’s recommended with your application to TTU.

      Required:

      •  Self-Report Academic Record (SRAR)

      Recommended:

      •  SAT or ACT scores

      •  Essay(s)

      •  Letter(s) of recommendation

      •  Work experience

      The deadline for Priority Applications is June 1 for summer and fall applicants.

      SAT and ACT Scores

      How do your test scores stand up to those of other TTU applicants? While scores aren’t currently required, seeing what other students got on the standardized tests is helpful.

      Subject

      25th Percentile

      75th Percentile

      SAT Evidence-Based
      Reading/Writing

      550

      640

      SAT Math

      540

      630

      ACT Composite

      22

      28

      ACT English

      21

      27

      ACT Math

      21

      27

      Graduation Rate

      Here are the graduation rates at TTU for those who began in fall 2017.

      •  4 years: 44%

      •  6 years: 64%

      Post-Graduation Median Earnings

      After completing an undergraduate degree at Texas Tech University, students earn on average $62,454 per year. This is slightly lower than the national average of $68,680 for graduates of four-year schools.

      Bottom Line

      With solid academic programs, a robust campus life, and stellar sports teams, Texas Tech University has something for virtually everyone. And with many options for TTU financial aid, you don’t have to worry about how to cover the cost of your education.

      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.


      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.



      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-Q225-061

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      University of Wisconsin (UW) – Madison Tuition and Fees


      University of Wisconsin (UW) – Madison Tuition and Fees

      University of Wisconsin (UW) - Madison Tuition and Fees

      On this page:

        By Susan Guillory

        (Last Updated – 06/2025)

        The University of Wisconsin – Madison (UW-Madison) is a prestigious public research university located in Madison, Wisconsin. Founded in 1848, it is the flagship campus of the Universities of Wisconsin. Known for its rigorous academics, vibrant campus life, and strong research programs, UW-Madison offers a wide range of undergraduate, graduate, and professional programs. The university is a member of the Big Ten Conference and boasts a spirited athletic tradition. Its lakeside campus and progressive culture attract students from around the globe.

        Total Cost of Attendance

        The University of Wisconsin – Madison tuition in 2024-25 for state residents was $11,603. This is close to the national average of $11,260 for in-state tuition at public universities. For residents of other states, UW tuition was $42,103, which is well above 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 the University of Wisconsin.

        Costs for 2024-25


        Expense

        In-State

        Out-of-State

        Tuition & Fees

        $11,603

        $42,103

        Books & Supplies

        $1,100

        $1,100

        Room & Board (on campus)

        $14,124

        $14,124

        Other Expenses

        $3,178

        $3,178

        Total Cost of Attendance

        $30,005

        $60,505

        Financial Aid

        Over half of undergraduates (60%) receive some form of financial aid to help cover the UW-Madison tuition and other costs. This may be scholarships, grants, or 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: The Differences Between Grants, Scholarships, and Loans

        Private Student Loans

        Many undergraduates tap student loans to help pay the University of Wisconsin tuition and other costs: 24% take out federal loans, and 6% get private student loans (with an average amount of $19,241).

        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 University of Wisconsin – Madison cost of attendance for four years — including tuition and fees, room and board, books, and other expenses — is $120,020 for in-state students (based on 2024-25 numbers). By comparison, the national average at public universities for in-state students is $115,36 for four years.

        For out-of-state residents, the four-year cost for attending UW is $242,020. This is above 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

        University of Wisconsin undergraduate tuition and fees for the 2024-25 academic years were $11,603 for in-state students, a 3.6% increase over 2023-34. The tuition and fees for out-of-state students were $42,103, a 3.7% increase over 2023-34.

        Graduate Tuition and Fees

        Costs for 2024-25

        •   Average graduate tuition (in-state): $10,728

        •   Average graduate tuition (out-of-state): $24,054

        •   Fees (in-state/out-of-state): $1,597

        Tuition and fees for graduate students at UW-Madison for 2024-25 averaged $12,325 for in-state students and $25,651 for out-of-state students. 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

        If you take 15 credits per semester, the cost per credit hour at UW-Madison comes out to $483 for Wisconsin residents and $1,403 for nonresidents.

        Campus Housing Expenses

        UW-Madison offers a variety of traditional residence halls, including focused learning and affinity communities. It also prides itself on offering some of the lowest on-campus housing rates in the Big Ten. Though freshmen aren’t required to live on campus, more than 90% of first-year students choose to do so. Many undergraduates also choose to live on campus for a second year, and beyond.

        Costs for 2024-25

        •   Housing and food expenses (on-campus): $14,124

        •   Housing and food expenses (off-campus): $12,414

        •   Other living expenses (on/off campus): $3,178

        Total living expenses for 2024-25 were estimated at $17,302 for students who lived on campus and $15,592 for those who lived off campus.

        University of Wisconsin – Madison Acceptance Rate

        Fall 2023

        Number of applications

        63,505

        Number accepted

        27,307

        Percentage Accepted

        43%

        The University of Wisconsin – Madison acceptance rate is 43%, which makes the school moderately selective.

        Admission Requirements

        If you’re interested in applying to UW-Madison as a freshman, here’s what you’ll need to submit:

        •   Admission application (either the Common Application or the Universities of Wisconsin Application)

        •   Nonrefundable $70 application fee

        •   Two essays

        •   High school coursework and grade information

        •   One letter of recommendation

        •   ACT or SAT scores (optional for students applying for admission through the spring 2027 term, with an application deadline of October 1, 2026)

        Important deadlines to know:

        •   January 15: Regular decision application deadline

        •   January 22: Regular decision materials deadline

        •   November 1: Early action application deadline

        •   November 10: Early action materials deadline

        SAT and ACT Scores

        Though submitting test scores is optional through the spring 2027 term at UW-Madison, 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
        Reading/Writing

        660

        730

        SAT Math

        700

        780

        ACT Composite

        28

        32

        ACT English

        27

        34

        ACT Math

        26

        32

        Graduation Rate

        The majority of UW-Madison 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: 73%

        •  6 years: 89%

        Post-Graduation Average Earnings

        On average, UW-Madison graduates earn an annual salary of $83,000. 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

        Ranked #13 among Top Public Schools by U.S. News & World Report, UW-Madison is a highly respected university that offers good value, especially for in-state students. For residents of other states, however, tuition runs higher than the national average for public universities. Fortunately, students who need help covering the UW-Madison 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.

        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.


        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-Q225-090

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        Student Budget Calculator


        Student Budget Calculator

        June 13, 2025

        Managing student finances can feel overwhelming, but with the right tools, it can be simpler than you think. SoFi’s student budget calculator helps you gain a clear picture of your expenses for the school year.

        Understanding what you’ll need to pay for tuition, dorm living or off-campus rent, textbooks, eating out, and more can help you make informed choices throughout the year and build a solid foundation for your financial future.


        How to Use the Student Budget Calculator

        Our calculator is simple and easy to use. Just follow these steps to create your personalized student budget:

        1. Input your academic period: Specify the number of months in the school year using the slider.
        2. Detail your educational costs: Input your annual out-of-pocket tuition (excluding financial aid), anticipated costs for books and supplies, and other miscellaneous school costs.
        3. Account for living expenses: Fill in the cost for your annual dorm and meal plan, or rent if you’re living off-campus.
        4. Add your food costs: Enter your monthly grocery costs, if applicable, and your anticipated monthly total for eating out.
        5. Add other personal costs: Include the monthly cost of internet service, your cell phone, entertainment expenses, and any out-of-pocket medical expenses, such as prescription fees or health-related supplies.
        6. Review your Summary: The calculator will automatically update your total yearly student budget as well as your monthly budget, school costs, living costs, food costs, and personal costs, giving you a clear financial snapshot.
        7. Adjust and optimize: Use the insights to identify areas where you can save or allocate funds more effectively.

        Budgeting Methods for Students

        Determining your student budget is the first step in creating an achievable financial plan. The next is applying a budgeting method that will keep your finances on track throughout the year. Here are a few popular strategies:

        The 50/30/20 Rule

        This straightforward rule suggests dividing your after-tax income into three groups:

        • 50% for Needs: This includes essential expenses like tuition, rent, groceries, minimum debt payments, and health care costs.
        • 30% for Wants: This covers discretionary spending like eating out, entertainment, and non-essential shopping.
        • 20% for Savings & Debt Repayment: Dedicate this portion to building your savings and paying off your debts above the minimum requirements.

        The Envelope System

        For those who prefer a more tangible and visual way to budget, the envelope system may be right for you. This method involves putting a set amount of cash into different spending groups each month. Once the cash in an envelope is gone, you stop spending in that area until the next month. This approach works well for managing variable or discretionary expenses like groceries, dining out, or entertainment.

        Zero-Based Budgeting

        With zero-based budgeting, every dollar of your income is assigned a “job” — whether it’s an expense, savings, or debt repayment. The goal is for your income minus your expenses to equal zero. This method requires careful planning but ensures that you are fully aware of where every dollar is going, preventing unintentional overspending.

        FAQ

        How do you calculate a student budget?

        Calculating a student budget involves these key steps:

        1. Identify all income sources: These include student loan payments, scholarships, wages, and family contributions.
        2. List all expenses: Categorize fixed costs (e.g., tuition, rent) and variable costs (e.g., groceries, eating out, and books and supplies). Non-recurring expenses can be averaged monthly.
        3. Compare income vs. expenses: A surplus allows saving or faster debt repayment; a deficit means reducing spending or increasing income to balance your budget.

        How do you set up a student budget?

        Setting up a student budget is straightforward:

        1. Set financial goals: Define what you want to achieve.
        2. Determine income: Calculate all monthly income, including student loan payments.
        3. List fixed expenses: Include costs like tuition and rent.
        4. Estimate variable expenses: Account for fluctuating costs such as groceries and books and supplies.
        5. Choose a budgeting method: Select a budgeting method (e.g., 50/30/20 rule).
        6. Monitor and adjust: Regularly review your budget to make sure it aligns with your income, expenses, and goals.

        What is a good monthly budget for a college student?

        There isn’t a single “good” monthly budget for college students, as it varies significantly based on factors like location, living situation, course of study, lifestyle choices, and income sources, such as student loan payments.

        For example, students can expect to spend close to $1,900 per month on living expenses, according to the College Board.1 Ultimately, a good budget covers essential needs (tuition, room and board, and medical expenses), supports financial goals, and allows for reasonable discretionary spending without accumulating unmanageable debt, reflecting your unique circumstances and priorities.

        How much of my paycheck should I save as a student?

        It’s generally recommended to put about 20% of your after-tax income into savings. For college students, however, this number can vary depending on their circumstances. Syphoning a portion of your income into an emergency fund can provide a buffer if a financial emergency arises, and even small, consistent savings can turn into large sums over time. That said, putting money toward high-interest debt is important for students since the interest accrued on debt could eclipse interest earned on savings.

        Article Sources:

        1 College Board. Trends in College Pricing

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        Life Insurance Guide

        Life Insurance Guide

        Life Insurance Resources:
        A Comprehensive Guide to Life Insurance

        Understanding your life insurance needs can be challenging. This resource hub brings together helpful articles on topics like coverage types, common insurance terms, and costs. Whether you’re looking for ways to lower your premium or just want to learn the basics, these resources can help.

        Terms to know:







        Annuity

        This is a contract in which the buyer deposits money with a life insurance company for investment on a tax-deferred basis.

        Beneficiary

        This is the person or entity designated to receive the death benefit from a life insurance policy or annuity contract.

        Contestable Period

        For up to two years, a life insurance company may deny payment of a claim to beneficiaries because of suicide or misrepresentation on an application.

        Death Benefit

        This term refers to the amount that will be paid to the beneficiary upon the death of the insured. The phrase “death benefit” is common life insurance terminology you’ll see in a life insurance policy.

        Insured

        This is the person whose life is insured by the policy. The insured may also be the policyholder.

        Policy

        This is the official, legal document that includes the terms of the policy owner’s insurance. The policy will name the insured, the policy owner, the death benefit, and the beneficiary.

        Premium

        The payment the customer makes to the insurance company to pay for the policy. It may be paid annually, semiannually, quarterly, or monthly.

        Life Insurance Basics

        Life insurance can be confusing, but understanding the basics can help. These articles cover key topics like how to get life insurance, how much insurance you may need, and how it works to give you a solid foundation.

        Ready to Explore Life Insurance?

        SoFi has teamed up with Ladder to bring you term life insurance that’s competitive, quick to set up, and easy to understand.


        Get started

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