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By Justin Jaffe |
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Comments Off on Can Trump Make Tariffs Great Again?
The tariffs are here.
On Saturday, President Donald Trump fulfilled a campaign promise, signing executive orders imposing 25% tariffs on imports from Canada and Mexico (with a partial exception for Canadian energy products) and a 10% tariff on Chinese goods.
Although Mexico and Canada have since negotiated monthlong delays on their start dates, you can’t understate the potential impact of these moves: Those three countries account for over 40% of products imported into the U.S.
The initial reactions from world leaders, the U.S. stock market, and the media were… not positive. Leaders from Canada, Mexico, and China expressed deep concerns. Major U.S. stock indexes fell. And for the second time in three days, the editorial board of the Wall Street Journal published a piece calling it “The Dumbest Trade War.”
With so much action on the tariffs front, we figured it was a good moment to refresh on some basics, starting with: What exactly is a tariff, anyway?
Simply put: It’s a tax imposed on imported goods — usually to protect local industries and raise revenue for the government that’s importing. It makes foreign products more expensive, which influences what people buy.
Though many economists doubt the efficacy of tariffs, conceptually, there are benefits. They give U.S. businesses that make the same goods a potential price advantage. They bring in revenue for the government to use for public services and projects.
And, as Trump has already demonstrated,they can be used as a bargaining chip in trade and political negotiations — encouraging companies to invest in the U.S., forcing them lower their own tariffs, or catalyzing change on border policy and enforcement.
On the other hand, when imported goods cost more, it limits product variety and availability (typically hitting lower-income consumers the hardest).
And other countries often respond to tariffs by imposing their own, which can lead to a trade war that damages both economies — and ultimately hurts consumers in both countries. (This appears to be the direction we’re headed in with China.) Plus, they can have a distorting effect on business. By protecting U.S. industries from competition, tariffs can make them less efficient and innovative in the long run.
So what? Though the U.S. government has deployed tariffs for decades, Trump’s strategy of ratcheting them up is unpopular among many economists, business leaders, and politicians, not to mention consumers. “Almost no one wants these tariffs — except Donald Trump,” Heather Long, a columnist at the Washington Post, said Friday. For now, it appears Trump’s approval is the only one that matters.
Please understand that this information provided is general in nature and shouldn’t be construed as a recommendation or solicitation of any products offered by SoFi’s affiliates and subsidiaries. In addition, this information is by no means meant to provide investment or financial advice, nor is it intended to serve as the basis for any investment decision or recommendation to buy or sell any asset. Keep in mind that investing involves risk, and past performance of an asset never guarantees future results or returns. It’s important for investors to consider their specific financial needs, goals, and risk profile before making an investment decision.
The information and analysis provided through hyperlinks to third party websites, while believed to be accurate, cannot be guaranteed by SoFi. These links are provided for informational purposes and should not be viewed as an endorsement. No brands or products mentioned are affiliated with SoFi, nor do they endorse or sponsor this content.
In our efforts to bring you the latest updates on things that might impact your financial life, we may occasionally enter the political fray, covering candidates, bills, laws and more.
Please note: SoFi does not endorse or take official positions on any candidates and the bills they may be sponsoring or proposing. We may occasionally support legislation that we believe would be beneficial to our members, and will make sure to call it out when we do. Our reporting otherwise is for informational purposes only, and shouldn’t be construed as an endorsement.
SoFi isn’t recommending and is not affiliated with the brands or companies displayed. Brands displayed neither endorse or sponsor this article. Third party trademarks and service marks referenced are property of their respective owners.
By Lora Shinn |
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Comments Off on How to Cover Your Financial Bases If You Were Just Laid Off
Losing a job is traumatic. It’s often very sudden, and can leave people feeling stunned and maybe even a bit panicked about whether they’ll be able to pay their bills.
Some people are told to leave their roles immediately; others are given notice. Either way, it’s normal to feel unprepared and stressed — and not know what to do next.
If you or someone you know gets laid off or fired, don’t let the shock keep you from making informed decisions. You’ll have important questions, and those questions deserve a thoughtful response. Store this info away (or bookmark the article) so that you’ll know what to do if the time comes.
Answers to Your Day-One Questions
How do I stay insured?
The insurance coverage you have through your employer may end on your last day of employment, or last through the end of the week or month. To stay insured, you’ll need to decide whether to sign up for COBRA coverage through your employer or get a new policy elsewhere.
COBRA, if it’s made available, allows you to keep your employer-based insurance plan, though it’s often more expensive than other options. Your monthly premiums can be double what you’re used to because you’ll probably be required to pay your employer’s share of the cost too, plus an administrative fee.
If you choose to get new coverage, you can either buy coverage on a government exchange (your state may have its own or use the Health Insurance Marketplace,) or, if you have a spouse with health insurance, get on their plan. (Losing your job makes you eligible to enroll in their plan — even if it’s not their employer’s normal open enrollment period.)
When comparing your options, consider not only premiums, but your out-of-pocket costs as well as the breadth of coverage and doctors. Marketplace plans may not be as generous as your employer’s group plan, and could have fewer in-network doctors. And if you do decide to get a new plan, don’t forget that whatever you’ve previously spent toward this year’s deductible won’t apply. These amounts reset with a new plan.
You’ll also want to consider coverage gaps. You’ll get 60 days to decide on COBRA, and once you do, your coverage will be retroactive to your first day without your employer plan. With a marketplace plan, however, your coverage won’t start until the first day of the month after your employer plan ends.
What happens to the money in my HSA and FSA?
If you had a Health Savings Account (HSA) with your employer, the money in it is yours. You can keep your funds right where they are and use them when needed. Or, you can move the money to a new employer or consolidate them with any other HSA account you may have.
If you have a Flexible Spending Account (FSA), on the other hand, you can’t take any remaining funds with you. So if there’s time before your last day, use that money! Here’s a list of eligible expenses.
Are there other benefits I can take with me?
Not that often. Some life insurance or long-term care insurance plans are portable or convertible to individual plans, although the monthly premiums may be higher. Ask whether there’s any option to take these policies with you.
What happens to my 401(k)?
The money in your 401(k) or 403(b) is yours, unless you have employer contributions that haven’t vested yet. You can’t keep that portion.
As for what to do with your account, there are usually four main options (fewer if you have a smaller balance):
• Keep the account and continue to oversee your investments as you did before. You just can’t contribute anymore.
• Roll the funds into a new 401(k) or 403(b) plan if/when you get a new job that has one.
• Open an IRA and roll the funds over. (If you’re rolling over into a Roth IRA, it could impact your taxes.)
• Withdraw some or all of the funds, paying a 10% penalty (unless you are 55 or older) and income tax on the money. This is obviously not desirable, but it is an option if you need money.
While you won’t necessarily be entitled to compensation for unused vacation time, you should ask your HR department about it, rather than assuming they’ll tell you. And check that your final checks account for any bonuses or commissions owed to you.
Note: You’ll want to gather your final paystubs, any separation documents, and the contact details for the company’s HR and benefits coordinators before losing access to your employee platform. You will likely need them for unemployment claims or to qualify for new health insurance.
Will I get severance?
That’s up to your company. If there is severance, you might be able to negotiate certain details of your package.
Answers to Your Day-Two Questions
Can I file for unemployment?
If your layoff is a normal layoff (because of something out of your control,) you should qualify for unemployment insurance benefits. But you probably won’t qualify if you were let go due to performance issues or behavior.
(If your boss used a vague euphemism when delivering the bad news, ask your HR department to share documentation so you can determine where you stand.)
What are my options if I don’t have enough saved to pay my bills?
People don’t always realize that many government programs offer financial aid based on income, not assets. So even if you own your home or have a retirement account, check to see if you qualify for SNAP, rental assistance, or other aid — especially if you’ve been the only breadwinner in your household. It can help you keep the fridge full and lights on.
As soon as possible, take stock of your savings to determine how many months you could go without your paycheck. If your cushion is low, the first step is to omit any unnecessary extras in your living expenses. (Though you may want to preserve small, meaningful items if they improve your quality of life. In other words, goodbye happy-hour snacks and cocktails, hello coffee for the job hunt.)
And if you estimate a serious shortfall, consider contacting the lenders on your mortgage payment, credit cards, and other accounts. Late payments can significantly damage your credit score, but lenders will often offer some leeway if you ask for it.
Image: Bernie Pesko/SoFi
Please understand that this information provided is general in nature and shouldn’t be construed as a recommendation or solicitation of any products offered by SoFi’s affiliates and subsidiaries. In addition, this information is by no means meant to provide investment or financial advice, nor is it intended to serve as the basis for any investment decision or recommendation to buy or sell any asset. Keep in mind that investing involves risk, and past performance of an asset never guarantees future results or returns. It’s important for investors to consider their specific financial needs, goals, and risk profile before making an investment decision.
The information and analysis provided through hyperlinks to third party websites, while believed to be accurate, cannot be guaranteed by SoFi. These links are provided for informational purposes and should not be viewed as an endorsement. No brands or products mentioned are affiliated with SoFi, nor do they endorse or sponsor this content.
SoFi isn't recommending and is not affiliated with the brands or companies displayed. Brands displayed neither endorse or sponsor this article. Third party trademarks and service marks referenced are property of their respective owners.
The University of Richmond is a small private university known for its emphasis on research and collaborative learning. Its proximity to Virginia’s capital city of Richmond gives students easy access to business and government internships, cultural activities, outdoor recreation, and more. Here’s an overview of the University of Richmond tuition, fees, housing costs, acceptance rate, and more.
Total Cost of Attendance
The University of Richmond total cost of attendance was $65,110 in 2023-24. Here’s a breakdown of those costs:
Costs for 2023-24
Tuition & Fees
$62,600
Books & Supplies
$1,000
Room & Board
$16,210
Other Expenses
$1,510
Total Cost of Attendance
$81,320
Financial Aid
To help cover the University of Richmond cost, around 69% of beginning undergraduate students use financial aid. More specifically, 13% get some type of federal grant, 14% get state or local government grants/scholarships, and 63% get institutional grants/scholarships.
Generally, financial aid is monetary assistance awarded to students based on personal need and merit. Students that qualify for financial aid can use it to pay for college costs like tuition, books, and living expenses.
The federal government is the largest provider of student financial aid. However, aid can also be given by state governments, colleges and universities, private companies, and nonprofits. The different types include:
• Scholarships: These can be awarded by schools and other organizations based on students’ academic excellence, athletic achievement, community involvement, job experience, field of study, or financial need.
• Grants: Generally based on financial need, these can come from federal, state, private, and non-profit organizations.
• Work-study: This federal program provides qualifying students with part-time employment to earn money for expenses while in school.
• Federal student loans: This is money borrowed directly from the U.S. Department of Education. It comes with fixed interest rates that are typically lower than 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:
At the University of Richmond, around 32% of students take out federal student loans to help pay the Richmond tuition. Roughly 5% take out private student loans, averaging $28,805, to help cover University of Richmond costs.
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 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.
Based on costs from the 2023-2024 school year, a four-year degree at the University of Richmond — including tuition, books, room and board, and other expenses — would be approximately $325,280.
In comparison, the average four-year cost for a U.S. private university is $241,680, making the University of Richmond significantly more expensive.
The total cost of attendance for undergraduates at the University of Richmond was $81,320 in 2023-24. This is notably higher than the average annual cost of attendance for private colleges in the U.S., which is $60,420.
Graduate Tuition and Fees
Costs for 2023-24
• Average tuition: $27,852
• Fees: $0
Tuition and fees for graduate students at the University of Richmond in 2023-24 averaged $27,852. This is higher than the average cost of graduate school tuition and fees in the U.S., which is $21,730 per year.
Cost per Credit Hour
The University of Richmond uses a system of “units” rather than credits. One unit is the equivalent of 3.5 semester hours and costs approximately $9,360.
Campus Housing Expenses
Costs for 2023-24
On Campus
Off Campus
Food & Housing
$16,210
$16,210
Other Expenses
$1,510
$1,510
Total Estimated Living Expenses
$17,720
$17,720
There are six freshman residence halls at the University of Richmond, and all of them are co-ed (with students housed by gender within each hall). Most are double rooms, but there are some single and triple rooms available. (Freshmen can’t request a specific dorm.)
For upperclass students, there are 12 residence halls and two apartment complexes on campus. Only juniors and seniors can apply to live in an on-campus apartment. There are also apartments and houses available for rent off campus that are not affiliated with the University.
University of Richmond Acceptance Rate
Fall 2023
Number of applications
15,121
Number accepted
3,478
Percentage Accepted
23%
At 23%, the University of Richmond acceptance rate is selective.
Admission Requirements
The University of Richmond uses what it calls a “holistic admission” process. Along with traditional measures of student success, admissions officers take other factors into account while reviewing each application.
Required:
• Common Application or Coalition Application
• High school transcript
• Secondary school report
• Recommendation letter
• Personal statement or essay
Optional:
• Up to 2 additional recommendation letters
• SAT or ACT scores
The application deadline for Early Action or Early Decision I is November 1. The deadline for Early Decision II and Regular Decision is January 1.
SAT and ACT Scores
The University of Richmond is test-optional, which means incoming freshmen do not have to submit ACT or SAT test scores for admission. If you indicate on your application that you want your scores to be considered, they must be submitted by the credential deadline for your admission status (that’s November 15 for Early Decision I, December 1 for Early Action, January 15 for Early Decision II, and February 15 for Regular Decision.)
Although standardized test scores are not required for admissions, many students do submit them. Here’s a look at the scores of students who enrolled in Fall 2023 at the 25th and 75th percentiles.
Subject
25th Percentile
75th Percentile
SAT Evidence-Based Reading/Writing
690
750
SAT Math
720
780
ACT Composite
32
34
Popular Majors at the University of Richmond
The University of Richmond offers over 60 academic majors. Here’s a look at some of the most popular areas of study among undergraduate students.
1. Business Administration
Students can enter the Robins School of Business and officially declare a major after completing their first year of study at the university. Those majoring in business administration can select from several concentrations, including accounting, business analytics, finance, international business, marketing, and management entrepreneurship.
Undergraduate degrees in 2022-23: 361
2. Social Sciences
Social science majors may choose to focus on anthropology, sociology, geography, political science, or economics and quantitative economics.
Undergraduate degrees in 2022-23: 89
3. Biological and Biomedical Sciences
This program allows students to study life processes at the molecular level and gain an understanding of biological organisms from a chemical and physical basis.
Undergraduate degrees in 2022-23: 67
4. Interdisciplinary Studies
Students in the Interdisciplinary Studies Program at the University of Richmond can design their own majors.
Undergraduate degrees in 2022-23: 57
5. Psychology
The psychology program integrates theoretical study, empirical investigation, and practical application. Psychology majors are routinely admitted to top graduate programs, both in psychology and other fields.
Undergraduate degrees in 2022-23: 38
6. English Language and Literature
This curriculum is designed to strengthen writing skills as well as critical thinking. Students can combine an English major with a major in classical studies, French, German, Greek, Latin, theater, or Women, Gender, and Sexuality Studies.
Undergraduate degrees in 2022-23: 33
7. Health Studies
Students in the Health Studies department are equipped with both the theoretical and empirical framework to understand the social, cultural, environmental, biological, psychological, ethical, legal and economic factors that shape health and health care. Alumni typically work in medicine and other clinical professions, public health, healthcare policy and management, and many other health-related fields.
Undergraduate degrees in 2022-23: 27
8. Computer and Information Sciences
The university’s computer science program provides students with an understanding of computer technology and its mathematical foundations. Computer Science majors can also add a concentration in Data Science and Statistics to further build their analytical skills.
Undergraduate degrees in 2022-23: 26
9. Physical Science (Chemistry and Physics)
Chemistry majors at the University of Richmond can get a strong background in analytical, inorganic, organic, and physical chemistry, as well as biochemistry. Physics majors benefit from an emphasis on classical learning and research opportunities.
Undergraduate degrees in 2022-23: 22
10. General Mathematics
Mathematics majors learn how to problem solve using logic, analysis, and abstract thinking. This program can be a good fit for those seeking a graduate degree in science, finance, and other disciplines.
Undergraduate degrees in 2022-23: 15
Graduation Rate
The University of Richmond’s overall graduation rate for students who began their studies in 2017 is 88%.
Here’s a breakdown of the school’s graduation rate by how long it took that cohort of students to earn a degree.
• 4 years: 82%
• 6 years: 88%
Post-Graduation Median Earnings
The median annual earnings of University of Richmond graduates is $76,178. This is higher than the median earnings for all graduates of four-year colleges, which is $53,747.
Bottom Line
The University of Richmond offers a high-quality education with an emphasis on research and collaborative learning. While the school’s tuition is higher than the average for other private universities, the available student aid options could help make the cost more affordable.
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.
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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 Derek Stratton |
Uncategorized |
Comments Off on Stock Trading Test
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Stock Trading
Unlock the potential of stock trading.
With our online investing platform, you can quickly start trading stocks with $0 commissions and take control of your financial future. Other fees apply.
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Active Invest offered by SoFi Securities, LLC.
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Find the right trades to match your goals.
Explore the different ways to trade stock on our platform to suit your investing style.
U.S. Stocks
Invest directly in company stocks and exchange-traded funds (ETFs)1 listed on U.S. exchanges and be part of their market journey.
Fractional Shares
Invest in your favorite companies without needing to buy full shares2, making it accessible to start with any budget.
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Expand your trading strategy with access to IPOs3, options trading4, and alternative investments5, all within the same platform.
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Take advantage of opportunities outside regular market hours with our after-hours trading option.6
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Trade stocks with our intuitive online platform, accessible via web browser and mobile app – whether you’re just starting out or you’re a seasoned investor.
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Access investing articles and webinars, and get a complimentary 30-min session with a SoFi Financial Planner to sharpen your skills and boost your confidence.7
Why invest in stocks?
Investing in stocks can help you build wealth over time, diversify your financial portfolio, and take advantage of market opportunities for growth.
Investing comes with risks including the risk of loss.
{/* Features */}
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The SoFi Invest experience gives you the investing tools and insights to make informed choices, right where you trade stocks.
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“With an easy-to-use app and robust and valuable ecosystem to help manage your money in one place, SoFi Active Investing is a great fit for beginners.”
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“SoFi’s app is designed to be user-friendly and bring together all of SoFi’s products, including the ability to trade stocks alongside managing bank accounts and loans.”9
Best mobile apps for trading stocks – Nerdwallet | January 2025
Awards or rankings are not indicative of future success or results. Neither SoFi Securities LLC nor its employees paid a fee in exchange for ratings. Awards and ratings are independently determined and awarded by their respective publications.
Voted best investment app in 2024.
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SoFi Invest offers online stock trading with no commissions so you can trade what you want, when you want—all from the SoFi App. Other Fees apply.
Is stock trading with SoFi Invest safe?
SoFi Invest is a secure and reliable platform that uses top-tier data encryption and robust account protection features. Our customer service is highly praised, and all financial advisors adhere to a fiduciary standard.
We also provide extra layers of security with annual third-party testing, two-factor authentication, round-the-clock monitoring, and real-time alerts. As a member of the Securities Investor Protection Corporation (SIPC), SoFi offers protection for your securities and cash balances up to $500,000, including up to $250,000 in cash. This means that if SoFi were to face financial difficulties, your investments would be safeguarded, giving you peace of mind.
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Yes, all SoFi Invest members have access to extended hours trading for 30 minutes before the market opens (9:00 to 9:30 AM ET) and four hours after market close (4:00 to 8:00 PM ET).
How much does it cost to start trading stocks on SoFi?
There is no cost to start trading stocks at SoFi. You can open an account with no minimum deposit and trade stocks, ETFs, and fractional shares without any commissions.
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Case Western Reserve University (CWRU) in Cleveland, Ohio, is one of the country’s leading research universities. Over the years, Case Western students and faculty have worked on such major projects as the polio vaccine, the MRI, and insulin.
Case Western tuition for the 2023-24 academic year was $64,671. This is much higher than the national average of $43,350 for private university tuition and fees.
Costs 2023-24
Tuition & Fees
$64,671
Books & Supplies
$1,200
Room & Board
$18,202
Other Expenses
$2,000
Total Cost of Attendance
$86,073
Financial Aid
Many students use financial aid while attending Case Western. In fact 88% of CWRU students use one or more forms of financial aid to help with Case Western tuition and other costs. This aid may be in the form of scholarships, grants, or loans, or it may be a combination of all these.
For instance, Pell Grants, federal funding for undergraduates with exceptional financial need, are awarded to 17% of Case Western Reserve University students.
Generally, financial aid is monetary assistance awarded to students based on personal need or merit. Students that qualify for financial aid can use it to pay for college costs like tuition, books, and living expenses.
The federal government is the largest provider of student financial aid. However, aid can also be given by state governments, colleges and universities, private companies, and nonprofits. The different types include:
• Scholarships: TThese 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, 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. 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:
• SoFi Scholarship Finder – Use our online tool to streamline your search for scholarships, grants, and other opportunities, and filter by award type, location, level of study, and more.
The majority of students at Case Western Reserve use student loans to help pay for the cost of college. Two-thirds, or 63%, of CWRU undergrads take out federal student loans. And 7% take out private student loans. These private loans average $11,457 per year, per student.
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.
The cost to attend Case Western University for four years, including tuition and fees, room and board, books, and other expenses, would be $344,292, based on 2023-24 prices. This is higher than the national average cost of four years at a private university, which is $241,680.
The combined cost of tuition and fees plus books and supplies for students at Case Western in 2023-24 was $65,871. Both in-state and out-of-state students pay the same costs to attend the university.
Graduate Tuition and Fees
Costs for 2023-24
Tuition
$52,360
Fees
$42
Total
$52,402
Considering Case Western Reserve University for grad school? In 2023-24, the cost for Case Western tuition and fees for graduate school was $52,402. This is significantly higher than the national average for graduate school at private institutions, which is $15,100 per year.
There are graduate loans available to help with these costs.
Cost per Credit Hour
Students who register for fewer than 12 credit hours are considered part-time. To attend CWRU on a part-time basis, the cost per credit hour is $2,862, and tuition is charged on the number of semester hours a student takes. Summer classes are $1,376 per credit hour for undergrads.
Certificates
Certificate programs at CWRU are offered through the School of Graduate Studies. These include certificates in Applied Data Science, Public Health, Experimental Biotechnology, Health Informatics, and more. Some certificates are part of other degree programs; others are taken on their own.
Students who register for certificate programs need to complete all the coursework and maintain a 3.0 GPA in order to be awarded a certificate. All certificates offered at Case Western Require a minimum of 15 credit hours.
Campus Housing Expenses
Student Type
On-Campus
Off-Campus
Room & Board
$18,202
$10,750
Other Expenses
$2,000
$2,000
FAll first- and second-year students are required to live on the Case Western campus. There are two first-year buildings, eight second-year buildings, nine upper-class buildings, and 18 Greek Life Houses on campus.
For upper-class students who choose to live off campus, there are affordable housing options within walking distance to campus.
Case Western Reserve University Acceptance Rate
Fall 2023
Number of applications
39,033
Number accepted
11,320
Percentage Accepted
29%
If you’re thinking about applying to the university, knowing the Case Western acceptance rate can be extremely helpful.
For 2023, the Case Western acceptance rate was 29%. That means that in the fall of 2023, 11,320 students were accepted out of the 39,033 who applied. This makes the CWRU acceptance rate moderately selective.
Admission Requirements
Here’s what CWRU requires for first-time students when they apply to the school — and also what’s recommended.
Required:
• High school transcript
• Completion of college-prep program
• Recommendations
• Application essay
Optional:
• SAT or ACT scores
The CWRU deadline for Early Action and Early Decision I is November 1. The Pre-Professional Scholars Program deadline is December 1. The deadline for Early Decision II and Regular Decision is January 15.
SAT and ACT Scores
While standardized test scores aren’t required at CWRU, it’s useful to know how other students scored in prior years. These are the scores of students at the 25th and 75th percentiles who submitted scores in the fall of 2032.
Subject
25th Percentile
75th Percentile
SAT Evidence-Based Reading/Writing
700
750
SAT Math
730
790
ACT Composite
32
34
ACT English
33
35
ACT Math
31
35
Popular Majors at Case Western Reserve University
CWRU offers nearly 100 different options for fields of study, giving students lots of choices. Here are 10 of the most popular majors at the university.
1. Computer Science
Computer Science majors can choose an area of in-depth study that includes Algorithms and Theory; Artificial Intelligence; Bioinformatics; Computer Systems, Networks, and Security;
Databases and Data Mining; or Software Engineering.
Undergraduate degrees in 2022-23: 136
2. Nursing
Nursing students get the combined benefit of learning important theories in the classroom plus hands-on practice and leadership development in real-world health care settings.
Undergraduate degrees in 2022-23: 102
3. Biology
In this program, students can choose an area of focus such as Biotechnology and Genetic Engineering, Molecular and Cellular biology, Genetics, Immunology, Chemical Biology, Physiology and Biophysics, Neurobiology and Animal Behavior, Developmental Biology, Population Biology, Ecology, or Environmental Science.
Undergraduate degrees in 2022-23: 101
4. Biomedical Engineering
Students in this program learn how to solve real-world problems of human health through lectures, creative design, undergraduate research, entrepreneurial activities, and hands-on experiences on campus and with industrial partners.
Undergraduate degrees in 2022-23: 95
5. Mechanical Engineering
If the idea of building and testing a variety of machines and mechanical systems appeals to you, this might be a program to consider. Students have the option to participate in research or study abroad.
Undergraduate degrees in 2022-23: 74
6. Psychology
Psychology students take courses like Quantitative Methods in Psychology, Psychology of Learning, Social Psychology, Adult Development and Aging, and Psychotherapy and Personality Change.
Undergraduate degrees in 2022-23: 74
7. Economics
In this program, students learn about micro and macroeconomics, international economics, health economics, incentive design and behavioral economics, negotiation and conflict resolution, and the economics of technological change.
Undergraduate degrees in 2022-23: 55
8. Biochemistry
Coursework in this major includes Undergraduate Biochemistry Research, Proteins and Enzymes, Structural Biology, Introductory Organic Chemistry, Basic Statistics for Engineering and Science, and Statistics for Experimenters.
Undergraduate degrees in 2022-23: 54
9. Chemical Engineering
After getting a solid foundation in science and engineering fundamentals, students can specialize in Biochemical Engineering, Energy, Electrochemistry, Polymers, Microfabrication, Environmental Engineering, or Business Management. Or they can create their own specialization.
Undergraduate degrees in 2022-23: 50
10. Electrical Engineering
Electrical Engineering students can choose to focus on Signals and Systems, Solid State,
Computer Hardware, Computer Software, Control, Circuits, Robotics, or Biomedical Applications.
Undergraduate degrees in 2022-23: 34
Graduation Rate
While most students graduate from Case Western Reserve University in four years, others take additional years to earn their degrees from the school. These are the graduation rates at CWRU for students who started in the fall of 2017.
• 4 years: 72%
• 6 years: 87%
Post-Graduation Median Earnings
After graduating, Case Western Reserve University alumni earn an average of $87,989 per year at their jobs. That is substantially higher than the national annual average earnings of $68,516 for the class of 2024.
Bottom Line
With its reputation as a top-notch research university, Case Western Reserve University may be right for you if you believe your future lies in the sciences, medicine, or engineering. And while tuition at CWRU is higher than the national average, there are financial aid options available to help you cover these costs. Plus, you’ll have the opportunity to earn an excellent salary after graduation.
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