Tuition and Cost to Attend Colorado Technical University Online

Annual Total Cost

The annual total list price cost to go to Colorado Technical University Online was $18,181 for the 2013/2014 academic year. The cost is the same for all students regardless of Colorado residence status as there is no in-state discount. Students residing at home with parents providing food and housing can expect a total cost of $10,531.

Undergraduate Tuition

Tuition for Colorado Technical University Online is $10,531 for the 2013/2014 academic year. This is 30% cheaper than the national average private for-profit four year college tuition of $15,095. The cost is $3,241 and 24% cheaper than the average Colorado tuition of $13,772 for 4 year colleges. Tuition ranks 19th in Colorado amongst 4 year colleges for affordability and is the 29th most expensive 4 year college in the state. Price does not vary by residence.

Housing Costs

Colorado Technical University Online doesn't offer on campus housing. If you're not living with family you will need to budget for food and housing in the Colorado Springs area just like you would for a college with dorms. The estimated rent and meal expense per academic year for off campus housing is $7,650.

Books and Supplies

The estimated annual cost for books and supplies is $0.

Costs and Tuition for Colorado Technical University Online
Expenditure Price
Colorado Resident Total Cost (Off Campus Housing)$18,181
   In-State Tuition$10,531
   Other Fees$0
   Off-Campus Housing Estimate$7,650
   Books and Supplies$0
Colorado Resident Total Cost (Living with Parents)$10,531
   In-State Tuition$10,531
   Other Fees$0
   Family Provided Room and Board$0
   Books and Supplies$0
Non-Resident Total Cost (Off Campus Housing)$18,181
   Out-of-State Tuition$10,531
   Other Fees$0
   Off-Campus Housing Estimate$7,650
   Books and Supplies$0

All price data are reprinted from the U.S. Department of Education's 2013-2014 and 2012-2013 IPEDS Survey and represent reported costs for the 2013-2014 and 2012-2013 academic years.

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 $18,181 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 Colorado Technical University Online net price for in-state students receiving aid was $22,619* for the 2010/2011 academic year. This net price includes housing and meal expenses.

Pell Grants and other Grant Aid

78% of Colorado Technical University Online students received grant aid in 2010/2011. The average total aid amount was $3,142. 68 percent of students received aid in the form of Pell Grants from the U.S. Federal Government. The average Pell Grant awarded for 2010/2011 was $3,137. To apply for a Pell Grant to attend Colorado Technical University Online, the first step is to fill out the Free Application for Federal Student Aid (FAFSA).

Net Price and Financial Aid for Colorado Technical University Online
Financial Aid Summary
Average Annual Net Price$22,619*
Percent of Students Receiving Grant Aid78%
Average Total Grant Aid$3,142
Percent of Students Receiving Pell Grants68%
Average Amount of Pell Grant Aid$3,137

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 reported for the 2011-2012 academic year.

Family Income Avg. Net Price
$0 to $30,000$19,597
$30,001 to $48,000$20,334
$48,001 to $75,000$22,143
$75,001 to $110,000$24,143
$110,000+$24,342

Average Financial Aid Mix - $18,181 In-State Total Cost

CollegeCalc has estimated typical coverage of the annual in-state tuition and living expenses of $18,181. Breakdown is based on average grant aid and federal loan aid which will vary based on your family income.

17%
37%
46%

Grants and Scholarships

 17% - $3,142

Money granted to you by the U.S. Department of Education, Colorado Technical University Online or other organizations. These are not loans and do not need to be repaid.

Federal Loans

 37% - $6,637

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

Out of Pocket

 46% -  $8,402

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 2011-2012 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.


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 Colorado Technical University Online.

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 Colorado Technical University Online is $72,724 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 $22,619 in-state net price as the basis. Applying this cost over 4 would estimate the cost of a degree at $90,476**

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 $90,905 or $113,095 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 2011-2012 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

Cost Per Credit Hour and Cost for a Class

Some schools offer the ability to take single classes by paying on a per credit hour basis. The reported price per credit hour and estimated cost for one class at Colorado Technical University Online are as follows. Per credit costs are for reference only as many schools will not allow students to pay by credit hour.

Cost per credit hour and per class at Colorado Technical University Online
Price per credit hour$290
Cost for one class (3 credit hours)$870
Cost for one class (4 credit hours)$1,160



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. 89% of Colorado Technical University Online students receive U.S. Federal Student Loans with an average annual Federal Loan aid amount of $6,637.

Example Loan Payments and Costs

How much are student loan payments for Colorado Technical University Online? 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 $90,476, 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 $113,360.72. This could be your effective total out of pocket cost of an education at Colorado Technical University Online. Note that this calculation assumes you don't pay full list price tuition, are part of the reported 78% of students at this school who receive financial aid and you are paying an average annual net price of $22,619. If you do not financially qualify for a reduced net price, your student loan payments could be significantly higher than this example. Use our Colorado Technical University Online 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.

Colorado Technical University Online Student Loan Payments
Example Payments
Monthly Loan Payment$944.67
Amount Borrowed$90,476.00
Interest Rate4.7%
Term10 years
Number of Monthly Payments120
Total Interest Cost$22,884.72
Sum of All Payments over 10 years$113,360.72

Affording Student Loan Payments and Post Graduation Salary

Can I afford to attend Colorado Technical University Online? 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 Colorado Technical University Online, 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 $113,360.72 would be needed to afford a $944.67 monthly payment in the example $90,476.00 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 Colorado Technical University Online in the future? 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 $72,724.00. 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 Colorado Technical University Online.

Annual4 Year Degree
Estimated Cost in 5 years for students enrolling in 2019$25,003$100,012
Estimated Cost in 10 years for students enrolling in 2024$31,911$127,644
Estimated Cost in 15 years for students enrolling in 2029 $40,727$162,910
Estimated Cost in 18 years for students enrolling in 2032 $47,147$188,588

Tuition History

What was tuition at Colorado Technical University Online 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$14,4321.3%
2009$14,248-15.3%
2008$16,8305%
2007$16,0298%
2006$14,8413.5%
2005$14,340

Comparable Cost for Popular Majors

We've compared the out of state cost of the most popular undergraduate areas of study at Colorado Technical University Online 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
Medical Insurance Specialist/Medical Biller Associate's Degree 1,226 8% cheaper
General Studies Associate's Degree 1,101 6% cheaper
Business Administration and Management, General Associate's Degree 992 9% cheaper
Criminal Justice/Safety Studies Associate's Degree 626 1% costlier
Criminal Justice/Law Enforcement Administration Bachelor's Degree 388 35% cheaper
Accounting Associate's Degree 349 4% cheaper
Legal Assistant/Paralegal Associate's Degree 256 7% cheaper
Information Technology Associate's Degree 96 0% costlier
Registered Nursing/Registered Nurse Bachelor's Degree 34 43% cheaper
Financial Forensics and Fraud Investigation Bachelor's Degree 23 1% cheaper
Health/Health Care Administration/Management Bachelor's Degree 13 38% cheaper
Financial Planning and Services Bachelor's Degree 7 45% cheaper
Computer/Information Technology Services Administration and Management, Other Bachelor's Degree 7 41% cheaper
Medical Office Assistant/Specialist Associate's Degree 3 10% cheaper

Calculators

Use the calculators below to formulate a college savings plan for Colorado Technical University Online 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 Colorado Technical University Online 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 Colorado Technical University Online student loan.

Prepayment Option

About Colorado Technical University Online

Colorado Technical University Online is a four year private college located in Colorado Springs, Colorado.  Full time enrollment is 24,706 and part time is 5,670.  Colorado Technical University Online has an open admission policy meaning that any prospective student who has completed high school or attained a GED certificate may enroll in classes.

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

Address
Colorado Technical University Online
4435 N Chestnut- Suite E
Colorado Springs, Colorado
80907

For Profit / Not For Profit Status

Colorado Technical University Online is a private, for profit school.