University of Iowa Tuition and Fees

University of Iowa Tuition

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    By Kelly Boyer Sagert

    (Last Updated – 04/2023)

    Total Cost of Attendance

    The University of Iowa is a public research university with widely recognized programs in the arts and sciences, and hundreds of different areas of study.

    The University of Iowa tuition for state residents was $10,353 in 2022-23. This is on par with the national average of $10,940 for in-state tuition at public universities. For residents of other states, tuition was $32,316, which is slightly higher than the national average of $28,240 for out-of-state tuition.

    Costs for 2022-2023

    Student Type

    In-State

    Out-State

    Tuition & Fees

    $10,353

    $32,316

    Books & Supplies

    $950

    $950

    Room & Board

    $11,476

    $11,476

    Other Expenses

    $4,104

    $4,104

    Total Cost of Attendance

    $26,883

    $48,846

    Financial Aid

    To help with the University of Iowa cost, 87% of students use one or more forms of financial aid, such as scholarships, grants, loans, or a combination of them.

    Explore financial aid options: Iowa Student Loan & 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, 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

    •  Scholarship Search Tool

    Recommended: The Differences Between Grants, Scholarships, and Loans

    Private Student Loans

    Of the students who use student loans to help with University of Iowa tuition, 44% have federal loans and 10% have private loans. The average amount they have in private student loans is $16,747.

    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

    The University of Iowa cost for four years, including tuition and fees, room and board, books, and other expenses, would be $107,532 for in-state students and $195,384 for out-of-state students.

    Comparatively, the national average for four years of in-state tuition and fees at public universities would be $106,760, and $175,960 for out-of-state students.

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

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    Undergraduate Tuition and Fees

    Costs for 2022-23

    Student Type

    In-State

    Out-State

    Tuition & Fees

    $10,353

    $32,316

    Room & Board

    $11,476

    $11,476

    Total Cost of Attendance

    $21,829

    $43,792


    The combined cost of University of Iowa tuition and fees plus room and board in 2022-23 was $21,829 for Iowa residents and $43,792 for other students.

    Graduate Tuition and Fees

    Costs for 2022-23

    Student Type

    In-State

    Out-State

    Tuition

    $10,875

    $29,822

    Fees

    $1,689

    $1,689

    Total Cost of Attendance

    $12,564

    $31,511


    Tuition and fees for grad school at the University of Iowa was $12,564 for in-state students and $31,511 for out-of-state students in 2022-23. The average cost for grad school is $29,150.

    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 University of Iowa students is $363.

    Campus Housing Expenses

    Costs for 2022-23

    Student Type

    In-State

    Out-State

    Books & Supplies

    $950

    $950

    Room & Board

    $11,476

    $824/mo*

    Other Expenses

    $4,104

    $4,104

    *Based on one-bedroom pricing. Average rate based on available apartments on the University of Iowa’s off-campus housing website in 2023.

    Freshmen are currently not required to live on campus, though 94% choose to do so. With 11 residence halls and 10 Living Learning Communities for students majoring in engineering, public health, and sport and recreation management, or those interested in writing or the arts, on-campus living is community-centric. Learn more here .

    University of Iowa Acceptance Rate

    Fall 2021

    Number of Applications

    Number Accepted

    Percentage Accepted

    22,434

    19,293

    86%

    The University of Iowa has a high acceptance rate of 86%.

    Admission Requirements

    Here’s what you’re required to submit, and what’s recommended, with your application to the University of Iowa.

    Required:

    •  High school transcript

    Recommended:

    •  SAT or ACT scores

    SAT and ACT Scores

    The University of Iowa is test-optional. Here are the standardized test scores at the 25th and 75th percentile at UI.

    Subject

    25th Percentile

    75th Percentile

    SAT Evidence-Based
    Reading/Writing

    570

    680

    SAT Math

    560

    670

    ACT Composite

    22

    29

    ACT English

    21

    29

    ACT Math

    21

    28

    Graduation Rate

    These are the graduation rates at the University of Iowa:

    •  4 years: 56%

    •  6 years: 74%

    •  8 years: 73%

    Post-Graduation Median Earnings

    After earning their degree, University of Iowa undergrads make, on average, $58,274 per year. That’s a step up from the annual average of $47,922 for undergraduates nationally.

    Bottom Line

    University of Iowa provides good value for a quality education with numerous fields of study to choose from. And with many financial aid options available, paying for college doesn’t have to stress you out.

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

    View Your Rate

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