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Purdue University, located in West Lafayette, Indiana, is well-known for its engineering, education, business, and nursing programs. Purdue tuition for the 2023-24 school year was $9,992 for in-state students and $28,794 for out-of-state students. Notably, tuition has not increased for several years, although other expenses have. Purdue tuition is comparable to the national averages of $11,260 for in-state students and $29,150 for out-of-state students.
Costs for 2023-24
Student Type
In-State
Out-of-State
Tuition & Fees
$9,992
$28,794
Books & Supplies
$1,030
$1,030
Room & Board
$11,650
$11,650
Other Expenses
$2,210
$2,210
Total Cost of Attendance
$24,862
$43,684
Financial Aid
More than half of students at Purdue (60%) use student loans, grants, or scholarships to cover Purdue tuition. There are many financial aid options available.
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, federal, and school deadlines may differ.
You can find other financial aid opportunities on databases such as:
One form of financial aid to help with Purdue University tuition is a student loan: 27% of students take out federal student loans, while 6% take out private loans. The average private student loan is $19,587.
Private loans are funded by private organizations such as banks, online lenders, credit unions, some schools, and state-based or state-affiliated organizations. While Federal student loans have interest rates that are regulated by Congress, private lenders follow a different set of regulations so their qualifications and interest rates can vary widely.
What’s more, private loans have variable or fixed interest rates that may be higher than federal loan interest rates, which are always fixed. Private lenders may (but don’t always) require you to make payments on your loans while you are still in school, compared to federal student loans, which you don’t have to start paying back until after you graduate, leave school, or change your enrollment status to less than half-time.
Private loans don’t have a specific application window and can be applied for on an as-needed basis. However, if you think you may need to take out a private loan, it’s a good idea to submit your FAFSA first to see what federal aid you may qualify for as it generally may have better rates and terms.
If you’ve missed the FAFSA deadline or you’re struggling to pay for school 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.
Based on 2023-24 numbers, Purdue tuition for four years would cost $99,528 for in-state students and $174,736 for out-of-state students. For comparison, the average total cost for four years for a public university in the U.S. is $115,360 for in-state, and $186,920 for out-of-state.
In 2023-24, students who lived in Indiana paid a total of $24,882 for tuition, fees, and room and board. Those who came from other states paid $43,684.
Graduate Tuition and Fees
Costs for 2023-24
Student Type
In-State
Out-of-State
Tuition
$9,718
$28,520
Fees
$274
$274
Total
$9,992
$28,794
Purdue tuition for graduate school was $9,992 for in-state students in 2023-24 and $28,794 for out-of-state students. The overall average cost of graduate school tuition in the U.S per year is $21,730. There are graduate loans available to help with these costs.
💡 Quick Tip: Graduate student loans can help cover tuition, fees, and other education-related expenses.
Cost per Credit Hour
To attend Purdue part-time, in-state students pay $347.85 and out-of-state students pay $948.30 per credit. You may also be eligible to take out student loans as a part-time student.
Campus Housing Expenses
Costs for 2023-24
Student Type
On-campus
Off-campus
Books & Supplies
$1,030
$1,030
Room & Board
$11,650
$12,390
Other Expenses
$2,210
$2,210
At Purdue University, freshmen are not required to live on campus, though most do. Students can opt to live in university residences, cooperative housing, or fraternity or sorority houses. Those who choose to live off-campus have many options in housing, either living alone or with roommates.
Purdue University Acceptance Rate
Fall 2023
Number of applications
73,083
Number accepted
36,542
Percentage Accepted
50%
The Purdue acceptance rate is 50%, based on fall 2023 figures.
Admission Requirements
Here’s what’s required with your application to Purdue University.
Required:
• Self-reported high school grades
• SAT or ACT scores
Recommended:
• Recommendations
The deadline for Early Action is November 1, with a decision given by January 15. The Regular Decision deadline is January 15, with a decision given by March 31. You can apply to Purdue here .
SAT and ACT Scores
SAT or ACT scores are required for first-time, first-year applicants. (In past years, Purdue was test-flexible, which means SAT and ACT scores were not required.) Here are the average scores at the 25th and 75th percentile.
Subject
25th Percentile
75th Percentile
SAT Evidence-Based Reading/Writing
590
710
SAT Math
600
750
ACT Composite
27
34
ACT English
26
35
ACT Math
26
33
Popular Majors at Purdue University
Purdue University offers a wide range of majors, and graduates are in high demand after completing their studies. Here are the most popular fields of study.
1. Computer Science
Purdue has the world’s oldest existing computer science department and offers computer science students different tracks to specialize in: computational science and engineering, computer graphics and visualization, database and information systems, foundations of computer science, machine learning and artificial intelligence, programming languages, security, software engineering, or systems programming.
Undergraduate degrees in 2023-24: 521
2. Mechanical Engineering
After learning how to research, design, develop, manufacture, manage, and control engineering systems and their components, students are prepared for careers in a variety of industries.
Undergraduate degrees in 2023-24: 478
3. Psychology
Students in Purdue’s psychological sciences program study clinical psychology, cognitive psychology, developmental psychology, industrial/organizational psychology, behavioral neuroscience, social psychology, learning and motivation, statistics, and mathematical models of behavior.
Undergraduate degrees in 2023-24: 318
4. Aerospace, Aeronautical, and Astronautical Engineering
Students in this program get a solid foundation in engineering science and the technologies and design of flight vehicles. They also learn to design and operate aircraft, missiles, and space vehicles.
Undergraduate degrees in 2023-24: 314
5. Industrial Engineering
Students in this program learn how to design, analyze, and manage complex human-integrated systems such as manufacturing systems, supply chain networks, and service systems.
Undergraduate degrees in 2023-24: 269
6. Mathematical Statistics
As a leading technical university, Purdue offers programs in many areas that apply statistics, including this rigorous program that leads to a double major in statistics and mathematics. This path prepares students for graduate work in both applied statistics and mathematical statistics or a quantitative field.
Undergraduate degrees in 2023-24: 199
7. Electrical Engineering
This program delves into the research, development, design, and operation of electrical and electronic systems and their components. Students can specialize in: automatic controls; communication, networking, signal, and image processing; fields and optics; power and energy systems; microelectronics and nanotechnology; VLSI and circuit design; or computer engineering.
Undergraduate degrees in 2023-24: 174
8. Registered Nursing
Nursing students at Purdue University get real-world experience using technology and strategies to help patients in a variety of health situations. Students have three years of clinical placements.
Undergraduate degrees in 2023-24: 162
9. Computer Graphics
A career-ready major that focuses on all aspects of computer graphics, from animation to scientific visualization, and from user experience to game studies. Research projects prepare students to be practitioners and managers in computer graphics-related careers.
Undergraduate degrees in 2023-24: 155
10. Information Technology
Students in the information technology department will learn to work with databases, information systems, and computer apps. They will also learn to plan, design, build, analyze, manage, and maintain computer networks, and gain valuable communication skills.
The graduation rate for students who started at Purdue in fall 2017 was 83%.
Post-Graduation Median Earnings
After graduating from Purdue, students earn, on average, $72,000 a year. This is higher than the national average for graduates of four-year institutions of $68,516.
Bottom Line
Purdue University offers a top-notch education at an affordable price, and student loans can help you pay for it. Once you graduate, you’ll have the opportunity to earn good money in your career.
SoFi private student loans offer competitive interest rates for qualifying borrowers, flexible repayment plans, and no origination fees.
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.
By Meghan Brown |
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Comments Off on SoFi and PGIM Fixed Income Announce $525 Million Securitization Agreement, Signaling Continued Demand for Personal Loans
Partners’ Largest Transaction To-Date is Second in a Series of Continued Investments by PGIM
SoFi Technologies, Inc. (NASDAQ: SOFI), a member-centric, one-stop shop for digital financial services that helps members borrow, save, spend, invest and protect their money, today announced a $525 million personal loan securitization agreement closed in Q4 2024 with funds and accounts managed by PGIM Fixed Income, one of the largest global fixed income managers – with $859 billion in assets under management (AUM), including $120 billion in public and private securitized credit AUM.
The transaction follows a $350 million investment from PGIM in May 2024. It builds on the $3.9 billion in personal loan collateral SoFi sold or securitized to-date through the end of Q3 2024, illustrating the value of the company’s leading personal loan business.
Edwin Wilches, Managing Director and co-Head of Securitized Products at PGIM Fixed Income, said, “SoFi’s personal loans represent an attractive investment opportunity for PGIM, and we’re thrilled to deepen our relationship with the company. We continue to expand our platform as an asset-based finance lender and source investments that provide compelling risk-adjusted returns for our clients with partners who put their customers first.”
“The investor demand we see for SoFi’s personal loans underscores the quality and strength of our lending business, which continues to contribute meaningfully to our durable growth,” said Anthony Noto, CEO of SoFi. “We are grateful for PGIM’s longstanding partnership as we help more of our members get their money right.”
Today’s news comes on the heels of strong demand for SoFi’s loans in the capital markets, with a range of transactions representing partners’ unique investment goals. For example, in Q4 2024, the company announced a $2 billion agreement with Fortress Investment Group to expand its loan platform business, where the company refers pre-qualified borrowers to loan origination partners and originates loans on behalf of third parties – a key example of SoFi’s diversified funding program.
For more information on SoFi, please visit www.sofi.com.
About SoFi
SoFi(NASDAQ: SOFI) is a member-centric, one-stop shop for digital financial services on a mission to help people achieve financial independence to realize their ambitions. The company’s full suite of financial products and services helps 10 million SoFi members borrow, save, spend, invest, and protect their money better by giving them fast access to the tools they need to get their money right, all in oneapp. SoFi also equips members with the resources they need to get ahead – like credentialed financial planners, exclusive experiences and events, and a thriving community – on their path to financial independence.
SoFi innovates across three business segments: Lending, Financial Services – which includes SoFi Checking and Savings, SoFi Invest, SoFi Credit Card, SoFi Protect, and SoFi Insights– and Technology Platform, which offers the only end-to-end vertically integrated financial technology stack. SoFi Bank, N.A., an affiliate of SoFi, is a nationally chartered bank, regulated by the OCC and FDIC and SoFi is a bank holding company regulated by the Federal Reserve. The company is also the naming rights partner of SoFi Stadium, home of the Los Angeles Chargers and the Los Angeles Rams. For more information, visit SoFi.comor download our iOSandAndroid apps.
By Liz Young Thomas |
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Comments Off on Liz Looks at: The First Inflation Data of 2025
Priceless
Our first inflation prints of 2025 hit the wires this week and they were generally better than expected. The Consumer Price Index (CPI), which usually gets the most attention, came in close to estimates for headline data (including all items), and below estimates for the core measure (excluding food and energy).
With investors’ renewed focus on inflation, this is an encouraging sign and one that took some nerves out of markets, at least for now. Treasury yields fell and stocks rallied on the news Wednesday.
Moreover, Wednesday’s CPI data came on the heels of Producer Price Index (PPI) data from Tuesday, which was cooler than expected. PPI measures inflation from the perspective of producers instead of consumers, and reports the change in prices received on a wholesale level. It is often looked at as a read on economic activity and sometimes as a leading indicator for CPI.
Although the chart below shows a recent steady rise in PPI, markets are more concerned with how the data looked relative to expectations, hence the supportive backdrop. It’s also worth noting that a healthy – but not hot – PPI can be an indication of supportive business activity.
Tracking the Warts on the Story
For months, we’ve been paying close attention not only to the broad inflation numbers, but also the components that are keeping it elevated such as shelter and car insurance. Shelter data actually cooled in December, which is a step in the right direction, but much of the driver of elevated shelter prices has been low housing turnover due to high mortgage rates. There is still more progress to be made on that front.
If we put the components of CPI into buckets based on how much they’re rising, we are seeing evidence that the pieces of inflation that have caused some of the biggest problems are becoming… less of a problem. Importantly, the chart below shows the percentage of components with readings above 4% month-over-month annualized, which has come down markedly since the middle of last year. That’s good news.
It’s not lost on us that the yellow line representing the components with CPI between 2-4%, which is technically above the Federal Reserve’s inflation target, has spiked recently. However, that’s being driven primarily by components slowing from an above 4% pace rather than an acceleration from those below 2%. We certainly have not reached a “problem solved” state of affairs yet, but this data does not show any compelling signs of danger and I think we can take it as a positive.
Seasons Change
As we move into 2025 data, there’s something to keep in mind about seasonality – if for no other reason than to encourage ourselves not to overreact in coming months.
Businesses often increase prices after the start of a new year, and it’s possible that some have been more aggressive in raising prices after the high inflation of recent years. However, some economists have blamed the hot inflation prints on residual seasonality. Raw data is often adjusted to account for seasonal patterns, but that process is not perfect. If consumer and business behavior has changed post-pandemic, that could mess with the seasonal adjustment process and cause CPI to look higher than it actually is.
In 2024, for example, CPI reports were hotter than expectations for January, February, March, and April. By the time April rolled around, markets were unsettled, investors had drastically repriced Fed rate cut expectations, and a bumpy spring season in the S&P 500 ensued.
The good news this year is that Fed rate cut expectations are already quite low, with markets only expecting 1-2 cuts for all of 2025. The risk is that markets again seem to be incredibly data-dependent, with big swings possible after each important macro print. Moreover, Treasury yields have been a source of concern for stocks ever since the 10-year yield surpassed 4.5%; any hotter-than-expected inflation data is likely to drive more upside in yields and pressure equity markets.
We outlined three big risks in our 2025 outlook, one of which was that inflation could reignite, causing the Fed to turn hawkish and yields to spike. As of now, inflation hasn’t reignited, but yields have spiked and markets are on edge about macro data. We should do what we can to keep a cool head as the beginning of the year unfolds.
Want more insights from Liz? The Important Part: Investing With Liz Thomas, a podcast from SoFi, takes listeners through today’s top-of-mind themes in investing and breaks them down into digestible and actionable pieces.
SoFi can’t guarantee future financial performance, and past performance is no indication of future success. This information isn’t financial advice. Investment decisions should be based on specific financial needs, goals and risk appetite.
Communication of SoFi Wealth LLC an SEC Registered Investment Adviser. Information about SoFi Wealth’s advisory operations, services, and fees is set forth in SoFi Wealth’s current Form ADV Part 2 (Brochure), a copy of which is available upon request and at www.adviserinfo.sec.gov. Liz Young Thomas is a Registered Representative of SoFi Securities and Investment Advisor Representative of SoFi Wealth. Form ADV 2A is available at www.sofi.com/legal/adv.
