Quantcast

Annual Costs

Undergraduate Tuition

Georgia Institute of Technology Main Campus tuition is $9,812 per year for in-state residents. This is 48% more expensive than the national average public four year tuition of $6,614. The cost is 28% cheaper than the average Georgia tuition of $13,627 for 4 year colleges. Tuition ranks 34th in Georgia amongst 4 year colleges for affordability and is the 41st most expensive 4 year college in the state. If attending from out-of-state, the tuition is $30,004 which represents a 206% premium.

The school charges an additional fees of $2,392 in addition to tuition bringing the total effective in-state tuition to $12,204.

Housing Costs

On campus room and board is provided by the school at a cost of $10,716 per academic year. Students electing to live off campus elsewhere in Atlanta should budget at least this amount.

Books and Supplies

The estimated annual cost for books and supplies is $800.

Other Living Expenses

If living on-campus, students should budget for $2,060 in additional living expenses. Off-campus students should budget for $2,120 in other miscellaneous living expenses.

Total Costs

The total tuition and living expense budget for in-state Georgia residents to go to Georgia Tech is $25,780 for the 2015/2016 academic year. Out-of-state students who don't have Georgia residence can expect a one year cost of $45,972.

Citation: Price data from the U.S. Department of Education's 2015-2016 and 2014-2015 IPEDS survey response for Georgia Institute of Technology Main Campus and represent reported costs for the 2015-2016 and 2014-2015 academic years.

Costs and Tuition for Georgia Institute of Technology Main Campus
Estimated Budgets
Georgia Resident Total Budget $25,780
   In-State Tuition$9,812
   Other Fees$2,392
   Room and Board$10,716
   On-Campus Other Budget$2,060
   Books and Supplies$800
Non-Resident Total Budget $45,972
   Out-of-State Tuition$30,004
   Other Fees$2,392
   Room and Board$10,716
   On-Campus Other Budget$2,060
   Books and Supplies$800

Advertisements

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 $25,780 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 Georgia Tech net price for in-state students is $12,187* for the 2014/2015 academic year. This net price includes housing and meal expenses.

Pell Grants and other Grant Aid

71% of Georgia Institute of Technology Main Campus students received grant aid in 2014/2015. The average total aid amount was $10,557. 14 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 $4,232. To apply for a Pell Grant to attend Georgia Institute of Technology Main Campus, the first step is to fill out the Free Application for Federal Student Aid (FAFSA).

Net Price and Financial Aid for Georgia Institute of Technology Main Campus
Financial Aid Summary
Average Annual Net Price$12,187*
Percent of Students Receiving Grant Aid71%
Average Total Grant Aid$10,557
Percent of Students Receiving Pell Grants14%
Average Amount of Pell Grant Aid$4,232

Average Net Price for In-State Students 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$6,138
$30,001 to $48,000$9,028
$48,001 to $75,000$11,158
$75,001 to $110,000$13,736
$110,000+$14,462

Average Financial Aid Mix - $25,780 In-State Total Cost

CollegeCalc has estimated typical coverage of the annual in-state tuition and living expenses of $25,780. Breakdown is based on average grant aid and federal loan aid which will vary based on your family income.

45%
27%
29%

Grants and Scholarships

 45% - $10,557

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

Federal Loans

 27% - $6,358

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

Out of Pocket

 29% -  $6,805

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


*Reported Average Annual Net Price for in state 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 Georgia Tech 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 93/100 for Georgia Institute of Technology Main Campus. Considering an average net price paid of $8,445, this leads to an overall value ranking of 87/100. This places the school 3rd 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 Public Colleges in the Region

School Cost vs. Georgia Institute of Technology Main Campus
University of Florida54.4% less expensive
University of North Carolina at Chapel Hill32.2% less expensive
University of Virginia Main Campus28.5% more expensive
College of William and Mary42.5% 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 Georgia Institute of Technology Main Campus.

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 Georgia Tech is $103,120 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 $8,445 in-state net price as the basis. Applying this cost over 4 would estimate the cost of a degree at $33,780**

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 $128,900 or $42,225 using an average net price.

**Based on a 4 year multiple of Average Annual Net Price for in state 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

Estimated Cost Per Semester

Most colleges don't charge students on an annual basis but instead require payment semester by semester. If you ever need to take an additional semester of classes to complete you degree you shouldn't have to pay for a full academic year. These our estimated costs for a semester at Georgia Institute of Technology Main Campus.

Georgia Resident Tuition Per Semester$4,906
Georgia Resident Total Cost Per Semester$12,890
Non-Georgia Resident Tuition Per Semester$15,002
Non-Georgia Resident Total Cost Per Semester$22,986

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 Georgia Institute of Technology Main Campus 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 Georgia Institute of Technology Main Campus
Price per credit hour for Georgia residents$2,916
Cost for one class for Georgia residents (3 credit hours)$8,748
Price per credit hour for out of state residents$8,903
Cost for one class for out of state residents (3 credit hours)$26,709
Cost for one class for out of state residents (4 credit hours)$35,612

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. 27% of Georgia Institute of Technology Main Campus students receive U.S. Federal Student Loans with an average annual Federal Loan aid amount of $6,358. The reported average student debt upon graduation is $25,027.

Example Loan Payments and Costs

How much are student loan payments for Georgia Institute of Technology Main Campus? 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 $33,780, 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 $41,601.73. This could be your effective total out of pocket cost of an education at Georgia Institute of Technology Main Campus. Note that this calculation assumes you don't pay full list price tuition, are part of the reported 71% of students at this school who receive financial aid and you are paying an average annual net price of $8,445. If you do not financially qualify for a reduced net price, your student loan payments could be significantly higher than this example. Use our Georgia Institute of Technology Main Campus 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.

Georgia Institute of Technology Main Campus Student Loan Payments
Example Payments
Monthly Loan Payment$346.68
Amount Borrowed$33,780.00
Interest Rate4.3%
Term10 years
Number of Monthly Payments120
Total Interest Cost$7,821.73
Sum of All Payments over 10 years$41,601.73

Affording Student Loan Payments and Post Graduation Salary

Can I afford to attend Georgia Tech? 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 Georgia Institute of Technology Main Campus, 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 $41,601.73 would be needed to afford a $346.68 monthly payment in the example $33,780.00 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 Georgia Institute of Technology Main Campus in the future? In the past four years, this school's published in-state tuition and fee total rose from $7,282 to $9,812. This amounts to an average annual price increase of 8.7%. 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 in-state 4 year cost of $103,120.00. 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 Georgia Institute of Technology Main Campus.

Annual4 Year Degree
Estimated Cost in 5 years for students enrolling in 2022$35,454$141,814
Estimated Cost in 10 years for students enrolling in 2027$45,249$180,995
Estimated Cost in 15 years for students enrolling in 2032 $57,750$231,000
Estimated Cost in 18 years for students enrolling in 2035 $66,853$267,412

Tuition History

What was tuition at Georgia Tech 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.

YearIn-StateOut-of-stateAnnual Increase
2010$6,265$23,870 12.3%
2009$5,579$25,182 5.2%
2008$5,305$21,699 7.7%
2007$4,926$20,272 6%
2006$4,648$18,990 8.6%
2005$4,278$17,558 5%
2004$4,076$16,002 12.7%
2003$3,616$13,986 4.7%
2002$3,454$12,350 4.4%
2001$3,308$10,826 6.4%
2000$3,108$10,350 3.9%
1999$2,991$9,921 3.1%
1998$2,901$9,621 8%
1997$2,685$8,946 9.3%
1996$2,457$7,638 4.9%
1995$2,343$6,933 2.9%
1994$2,277$6,765 3.3%
1993$2,205$6,531 4.1%
1992$2,118$6,279 6.6%
1991$1,986$5,844 0.8%
1990$1,971$5,820 4%
1989$1,896$5,598 5.1%
1988$1,804$5,120 5.9%
1987$1,704$5,073

Comparable Cost for Popular Majors

We've compared the out of state cost of the most popular undergraduate areas of study at Georgia Institute of Technology Main Campus 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 411 15% costlier
Business Administration and Management, General Bachelor's Degree 410 43% costlier
Industrial Engineering Bachelor's Degree 312 21% costlier
Civil Engineering, General Bachelor's Degree 204 15% costlier
Electrical and Electronics Engineering Bachelor's Degree 200 16% costlier
Computer and Information Sciences, General Bachelor's Degree 187 33% costlier
Bioengineering and Biomedical Engineering Bachelor's Degree 157 4% cheaper
Aerospace, Aeronautical and Astronautical/Space Engineering Bachelor's Degree 147 7% costlier
Chemical Engineering Bachelor's Degree 128 7% costlier
Biology/Biological Sciences, General Bachelor's Degree 103 21% costlier
Digital Communication and Media/Multimedia Bachelor's Degree 86 14% costlier
Architecture Bachelor's Degree 75 3% costlier
Computer Engineering, General Bachelor's Degree 75 15% costlier
International Relations and Affairs Bachelor's Degree 53 4% costlier
Biochemistry Bachelor's Degree 49 5% costlier
Industrial and Product Design Bachelor's Degree 48 14% costlier
Nuclear Engineering Bachelor's Degree 39 13% costlier
Architecture and Related Services, Other Bachelor's Degree 38 0% cheaper
Science, Technology and Society Bachelor's Degree 36 13% cheaper
Materials Engineering Bachelor's Degree 29 2% costlier
Textile Sciences and Engineering Bachelor's Degree 29 13% costlier
Multi-/Interdisciplinary Studies, Other Bachelor's Degree 29 17% costlier
History and Philosophy of Science and Technology Bachelor's Degree 28 11% cheaper
Applied Mathematics, General Bachelor's Degree 28 9% costlier
Business/Managerial Economics Bachelor's Degree 24 21% costlier
Industrial and Organizational Psychology Bachelor's Degree 24 8% costlier
Physics, General Bachelor's Degree 22 11% costlier
Chemistry, General Bachelor's Degree 21 17% costlier
Public Policy Analysis, General Bachelor's Degree 20 12% cheaper
Geological and Earth Sciences/Geosciences, Other Bachelor's Degree 15 4% costlier
Environmental/Environmental Health Engineering Bachelor's Degree 14 3% costlier
International/Global Studies Bachelor's Degree 12 11% costlier
Applied Mathematics, Other Bachelor's Degree 8 5% costlier
Foreign Languages and Literatures, General Bachelor's Degree 1 22% costlier

Calculators

Use the calculators below to formulate a college savings plan for Georgia Institute of Technology Main Campus 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 Georgia Institute of Technology Main Campus 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 Georgia Institute of Technology Main Campus student loan.

Prepayment Option

About Georgia Institute of Technology Main Campus

Georgia Institute of Technology Main Campus is a four year public college located in Atlanta, Georgia.  Full time enrollment is 19,541 and part time is 5,493.  For the 2011/2012 school year, the school received 27,277 applicants. 8,775 were admitted and 3,089 enrolled.

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

Address
Georgia Institute of Technology Main Campus
225 North Ave
Atlanta, Georgia
30332-0530

For Profit / Not For Profit Status

Georgia Institute of Technology Main Campus is a public not for profit institution. Public schools often represent the best value for your education dollar, especially when students qualify for in-state tuition.

Georgia Institute of Technology Main Campus cost and financial aid data source: U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=139755 IPEDS survey data.

Sponsored Links