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Annual Costs

Undergraduate Tuition

Tuition for California Institute of Technology is $45,846 for the 2015/2016 academic year. This is 71% more expensive than the national average private non-profit four year college tuition of $26,851. The cost is 111% more expensive than the average California tuition of $21,759 for 4 year colleges. Tuition ranks 169th in California amongst 4 year colleges for affordability and is the 13th most expensive 4 year college in the state. Price does not vary by residence.

The school charges an additional fees of $1,731 in addition to tuition bringing the total effective in-state tuition to $47,577.

Housing Costs

On campus room and board is provided by the school at a cost of $14,100 per academic year. Students electing to live off campus elsewhere in Pasadena should budget at least this amount.

Books and Supplies

The estimated annual cost for books and supplies is $1,323.

Other Living Expenses

If living on-campus, students should budget for $3,774 in additional living expenses. Off-campus students should budget for $4,158 in other miscellaneous living expenses.

Total Costs

The annual tuition and living expense budget to go to Caltech was $66,774 for the 2015/2016 academic year. The cost is the same for all students regardless of California residence status as there is no in-state discount.

Citation: Price data from the U.S. Department of Education's 2016-2017 and 2015-2016 IPEDS survey response for California Institute of Technology and represent reported costs for the 2016-2017 and 2015-2016 academic years.

Costs and Tuition for California Institute of Technology
Estimated Budgets
California Resident Total Budget $66,774
   In-State Tuition$45,846
   Other Fees$1,731
   Room and Board$14,100
   On-Campus Other Budget$3,774
   Books and Supplies$1,323
Non-Resident Total Budget $66,774
   Out-of-State Tuition$45,846
   Other Fees$1,731
   Room and Board$14,100
   On-Campus Other Budget$3,774
   Books and Supplies$1,323

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What it Really Costs

Depending on many factors including student and parent income and assets, the total cost of attendance may be less than the $66,774 published price if scholarship or grant aid is made available to you.

Net Price

The net out-of-pocket total cost you end up paying or financing though student loans is known as the net price. The reported Caltech net price for in-state students is $26,910* for the 2014/2015 academic year. This net price includes housing and meal expenses.

Pell Grants and other Grant Aid

55% of California Institute of Technology students received grant aid in 2014/2015. The average total aid amount was $31,845. 8 percent of students received aid in the form of Pell Grants from the U.S. Federal Government. The average Pell Grant awarded for 2014/2015 was $3,636. To apply for a Pell Grant to attend California Institute of Technology, the first step is to fill out the Free Application for Federal Student Aid (FAFSA).

Net Price and Financial Aid for California Institute of Technology
Financial Aid Summary
Average Annual Net Price$26,910*
Percent of Students Receiving Grant Aid55%
Average Total Grant Aid$31,845
Percent of Students Receiving Pell Grants8%
Average Amount of Pell Grant Aid$3,636

Average Net Price by Family Income

The average net total cost of attendance for different levels of family income after federal, state or local government, institutional grant and scholarship aid are awarded. Data last published for the 2014/2015 academic year.

Family Income Avg. Net Price
$0 to $30,000$6,696
$30,001 to $48,000$4,340
$48,001 to $75,000$9,263
$75,001 to $110,000$20,077
$110,000+$38,799

Average Financial Aid Mix - $66,774 In-State Total Cost

CollegeCalc has estimated typical coverage of the annual in-state tuition and living expenses of $66,774. Breakdown is based on average grant aid and federal loan aid which will vary based on your family income.

51%
7%
43%

Grants and Scholarships

 51% - $31,845

Money granted to you by the U.S. Department of Education, California Institute of Technology or other organizations. These are not loans and do not need to be repaid.

Federal Loans

 7% - $4,301

Low interest student loans funded by the U.S. Department of Education. This amount will need to be repaid.

Out of Pocket

 43% -  $26,854

Covered by family savings, work or private student loans which you will have to repay.


*Reported Average Annual Net Price for students receiving grant or scholarship aid reported to the U.S. Department of Education's Academic Year 2014-2015 IPEDS Survey. Financial aid is only available to those who qualify. Consult this school's net price calculator for further understanding of your potential net price.

Note that for colleges with no reported on-campus room and board, the average net price has been increased to account for living expenses. This number may not only reflect the net price paid to the school for tuition.

Is it Worth the Cost?

To make a comparative assessment if Caltech is worth the price, measures of it's relative value for tuition dollar can be examined. We've calculated an academic national percentile rating of 98/100 for California Institute of Technology. Considering an average net price paid of $25,382, this leads to an overall value ranking of 72/100. This places the school 91st on our national Best Value Colleges ranking as a provider of a very high value education compared to actual overall price paid.

Tuition Comparison to Similar Private Colleges in the Region

School Cost vs. California Institute of Technology
University of Southern California12.2% more expensive
Claremont McKenna College10.6% more expensive
Harvey Mudd College14.3% more expensive
Pomona College6.9% more expensive
Stanford University3.2% more expensive

Cost of a Degree

When considering ability to pay for college, the annual cost is often discussed but it's the "all in" multi-year degree cost which matters in the end. Let's take a look at what it could really cost for four years at California Institute of Technology.

Estimated 4 Year Cost at Published Tuition

At the current published rates, an estimated total tuition, fees and living expense price for a 4 year bachelor's degree at Caltech is $267,096 for students graduating in normal time. This methodology for estimating the 4 year cost is a straight multiple of the most recent reported annual total cost and does not factor in tuition increases during the time you're in school. It also assumes you receive no grant or scholarship aid and pay the full list price.

A potentially more accurate but less conservative estimate of a degree cost can be made by using the school's annual $25,382 in-state net price as the basis. Applying this cost over 4 would estimate the cost of a degree at $101,528**

If you end up on the "five year plan" and need an additional year to graduate, your five year cost could be as high as $333,870 or $126,910 using an average net price.

**Based on a 4 year multiple of Average Annual Net Price for students receiving grant or scholarship aid reported to the U.S. Department of Education's 2014-2015 IPEDS Survey. Financial aid is only available to those who qualify. Consult this school's net price calculator for further understanding of your potential net price.

Other Costs

Student Loans and Debt

The second consideration after understanding the cost of college is determining how to finance it. Some students are fortunate enough to have some form of family financial assistance, but student loans end up financing a significant portion of higher education in the U.S. 18% of California Institute of Technology students receive U.S. Federal Student Loans with an average annual Federal Loan aid amount of $4,301. The reported average student debt upon graduation is $15,010.

Example Loan Payments and Costs

How much are student loan payments for California Institute of Technology? Obviously this varies based on a number of factors - offsetting financial aid you receive, percentage of fee you pay upfront while enrolled and the interest rate on your loans. We've modeled a sample student loan based on current Stafford loan rates to give you an approximate idea.

The following are the costs for a loan if you borrowed $101,528, 100% of the estimated average net price for a four year program and paid nothing while enrolled. The total of all payments including interest would sum $125,972.97. This could be your effective total out of pocket cost of an education at California Institute of Technology. Note that this calculation assumes you don't pay full list price tuition, are part of the reported 55% of students at this school who receive financial aid and you are paying an average annual net price of $25,382. If you do not financially qualify for a reduced net price, your student loan payments could be significantly higher than this example. Use our California Institute of Technology student loan calculator below to change loan assumptions and recalculate.

Student loans are not free money and must be repaid. You cannot dismiss student loans by via bankruptcy.

California Institute of Technology Student Loan Payments
Example Payments
Monthly Loan Payment$1,049.77
Amount Borrowed$101,528.00
Interest Rate4.4%
Term10 years
Number of Monthly Payments120
Total Interest Cost$24,444.97
Sum of All Payments over 10 years$125,972.97

Affording Student Loan Payments and Post Graduation Salary

Can I afford to attend Caltech? In the end, the answer comes down a determination if you will earn enough to comfortably pay back a student loan with your post graduation salary. This is an extremely important point to consider. In order to afford student loan payments and still meet all your other costs of living, it is recommended not to borrow more than you can pay back using 10% of your monthly income earned after graduation. If you're considering attending California Institute of Technology, you need to carefully consider if it will be realistic to make the post graduation loan payments based on your expected salary.

Using the 10% of salary threshold, an annual income of $125,972.97 would be needed to afford a $1,049.77 monthly payment in the example $101,528.00 loan modeled above. You will need to determine if it is at all realistic that you will be earning this type of salary after graduation. This assumes a loan payback over 10 years. You can change the terms of this example loan using the student loan calculator below.

Estimated Future Cost and Expected Tuition Increase

What will it cost to send your child to California Institute of Technology in the future? In the past four years, this school's published in-state tuition and fee total rose from $36,387 to $45,846. This amounts to an average annual price increase of 5.2%. Nationally, university tuition prices are rising around 5% per year. Looking out five, ten, fifteen or eighteen years, these are CollegeCalc's estimates how much you could expect to pay for a 4 year degree assuming tuition increases at the national average rate. Estimated future prices are based on the current 4 year cost of $267,096.00. Use the college savings plan calculator below to perform a more comprehensive analysis on future costs and how much you will need to save for California Institute of Technology.

Annual4 Year Degree
Estimated Cost in 5 years for students enrolling in 2022$91,830$367,319
Estimated Cost in 10 years for students enrolling in 2027$117,201$468,803
Estimated Cost in 15 years for students enrolling in 2032 $149,581$598,324
Estimated Cost in 18 years for students enrolling in 2035 $173,159$692,635

Tuition History

What was tuition at Caltech five, ten, fifteen or twenty years ago? Hop into our time machine and take a look. Pay attention to how aggressive the school has been with price increases the past as it provides indication as to how the school may raise tuition in the next few years if you enrolled. Historical tuition and fees for all available data years back to 1988 follows.

YearTuitionAnnual Increase
2010$34,5840.2%
2009$34,5155.1%
2008$32,8354.5%
2007$31,41615%
2006$27,3096.8%
2005$25,5666%
2004$24,1179%
2003$22,1194.7%
2002$21,1205.8%
2001$19,9592.5%
2000$19,4761.6%
1999$19,1662.3%
1998$18,7364.1%
1997$18,0003.6%
1996$17,3704%
1995$16,6954.1%
1994$16,0306.3%
1993$15,0806%
1992$14,2306.1%
1991$13,4158.1%
1990$12,4096%
1989$11,7095.4%
1988$11,1094.8%
1987$10,599

Comparable Cost for Popular Majors

We've compared the out of state cost of the most popular undergraduate areas of study at California Institute of Technology to the national average for all other colleges offering the same major. Use this comparison to determine particular programs where this school offers value relative to other colleges.

Area of Study Graduates vs National Avg
Mechanical Engineering Bachelor's Degree 29 67% costlier
Physics, General Bachelor's Degree 28 61% costlier
Computer and Information Sciences, General Bachelor's Degree 27 93% costlier
Electrical and Electronics Engineering Bachelor's Degree 25 68% costlier
Chemistry, General Bachelor's Degree 19 70% costlier
Biology/Biological Sciences, General Bachelor's Degree 17 76% costlier
Chemical Engineering Bachelor's Degree 15 55% costlier
Mathematics, General Bachelor's Degree 14 73% costlier
Bioengineering and Biomedical Engineering Bachelor's Degree 13 39% costlier
Computational Mathematics Bachelor's Degree 13 29% costlier
Engineering Physics/Applied Physics Bachelor's Degree 10 46% costlier
Astrophysics Bachelor's Degree 4 26% costlier
Business/Managerial Economics Bachelor's Degree 3 76% costlier
Materials Engineering Bachelor's Degree 3 49% costlier
Geochemistry Bachelor's Degree 2 79% costlier
Geology/Earth Science, General Bachelor's Degree 2 71% costlier
Neuroscience Bachelor's Degree 2 25% costlier
Geophysics and Seismology Bachelor's Degree 2 47% costlier
Economics, General Bachelor's Degree 2 59% costlier
Multi-/Interdisciplinary Studies, Other Bachelor's Degree 1 70% costlier
Environmental/Environmental Health Engineering Bachelor's Degree 1 50% costlier
Planetary Astronomy and Science Bachelor's Degree 1 17% costlier
Aerospace, Aeronautical and Astronautical/Space Engineering Bachelor's Degree 1 56% costlier
History, General Bachelor's Degree 1 73% costlier

Calculators

Use the calculators below to formulate a college savings plan for California Institute of Technology or model a student loan.

College Savings Calculator

Plan and Save for College

Discover how much will you need to start saving now to afford California Institute of Technology in the future.

Student Loan Calculator

Estimate Loan Payments

Modify the loan assumptions to fit your financial situation and likely tuition price. Then calculate your payoff and loan payments for a California Institute of Technology student loan.

Prepayment Option

About California Institute of Technology

California Institute of Technology is a four year private college located in Pasadena, California.  Full time enrollment is 2,255 and part time is 0.

Students attending this school may pursue both undergraduate and graduate degrees.

Address
California Institute of Technology
1200 E California Blvd
Pasadena, California
91125

For Profit / Not For Profit Status

California Institute of Technology is a private not for profit institution.

California Institute of Technology cost and financial aid data source: U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=110404 IPEDS survey data.

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