Purdue University Tuition and Fees

Purdue University Tuition and Fees

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    By Susan Guillory

    (Last Updated – 07/2022)

    Total Cost of Attendance

    Purdue University, located in West Lafayette, Indiana, is well-known for its engineering, education, business, and nursing programs. Purdue tuition for the 2021/22 school year was $9,992 for in-state students and $28,794 for out-of-state students. This is below the averages for public four-year schools in the U.S. of $10,740 for in-state students and $27,560 for out-of-state students.

    Costs for 2021-22

    Student Type

    In-State

    Out-State

    Tuition & Fees

    $9,992

    $28,794

    Books & Supplies

    $1,010

    $1,010

    Room & Board

    $10,030

    $10,030

    Other Expenses

    $1,780

    $1,780

    Total Cost of Attendance

    $22,812

    $41,614

    Financial Aid

    More than half of students at Purdue (61%) 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 that qualify for financial aid can use it to pay for college costs like tuition, books, and living expenses.

    The federal government is the largest provider of student financial aid. However, aid can also be given by state governments, colleges and universities, private companies, and nonprofits. The different types include:

    •  Scholarships: These can be awarded by schools and other organizations based on students’ academic excellence, athletic achievement, community involvement, job experience, field of study, and financial need.

    •  Grants: Generally based on financial need, these can come from federal, state, private, and non-profit organizations.

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

    •  Federal student loans: This is money borrowed directly from the U.S. Department of Education. It comes with fixed interest rates that are typically lower than 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

    Recommended: The Differences Between Grants, Scholarships, and Loans

    Private Student Loans

    One form of financial aid to help with Purdue University tuition is a student loan: 28% of students take out federal student loans, while 6% take out private loans. The average private student loan is $18,323.

    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.

    Recommended: Guide to Private Student Loans

    Projected 4-Year-Degree Price

    Based on 2021/22 numbers, Purdue tuition for four years would cost $91,248 for in-state students and $166,456 for out-of-state students. In comparison, the average cost for a public university in the U.S. averages $107,280 for four years.

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

    Undergraduate Tuition and Fees

    Costs for 2021-22

    Student Type

    In-State

    Out-State

    Tuition & Fees

    $9,992

    $28,794

    Room & Board

    $10,030

    $10,030

    Total Cost of Attendance

    $20,022

    $38,824

    In 2021/22, students who lived in Indiana paid a total of $20,222 for tuition and fees and room and board. Those who came from other states paid $38,824.

    Graduate Tuition and Fees

    Costs for 2021-22

    Student Type

    In-State

    Out-State

    Tuition

    $9,718

    $28,520

    Fees

    $130

    $130

    Total Cost of Attendance

    $27,130

    $27,130

    Purdue tuition for graduate school was $9,992 for in-state students in 2021/22 and $28,794 for out-of-state students. These are less than the average of $54,500 for graduate school tuition at a four-year public institution in the U.S. There are graduate loans available to help with these costs.

    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 2021-22

    Student Type

    In-State

    Out-State

    Books & Supplies

    $1,010

    $1,010

    Room & Board

    $10,030

    $912/mo*

    Other Expenses

    $1,065

    $1,065

    *Based on studio pricing. Average rate based on available apartments on Purdue’s off-campus housing website in 2022.

    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, both living alone and with roommates.

    Purdue University Acceptance Rate

    Fall 2020

    Number of applications

    57,510

    Number accepted

    38,531

    Percentage Accepted

    67%

    The Purdue acceptance rate is 67%, based on 2020 figures.

    Admission Requirements

    Here’s what’s required with your application to Purdue University.

    Required:

    •  School report

    •  Official high school transcript

    •  Counselor recommendation

    •  Teacher recommendation

    •  Mid-year school report and transcript

    •  Final school report and transcript

    Recommended:

    •  SAT or ACT scores

    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

    Through Fall 2023, Purdue is test-flexible, which means SAT and ACT scores are not required. Here are the average scores at the 25th and 75th percentile.

    Subject

    25th Percentile

    75th Percentile

    SAT Evidence-Based
    Reading/Writing

    580

    680

    SAT Math

    590

    740

    ACT Composite

    25

    33

    ACT English

    24

    34

    ACT Math

    26

    33

    Graduation Rate at Purdue

    Here are the graduation rates for students who started at Purdue in 2014:

    •  4 years: 60%

    •  6 years: 83%

    Post-Graduation Median Earnings

    After graduating from Purdue, students earn, on average, $65,257 a year. This is higher than the national average for graduates of four-year institutions of $47,891.

    Bottom Line

    Purdue University offers a top-notch education at an affordable price, and student loans can help you pay for it. And 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.

    Learn More

    Photo credit: iStock/Rebecca Todd
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