Annual Costs

Undergraduate Tuition

Tuition for International Business College Indianapolis is $13,960 for the 2017/2018 academic year. This is 1% more expensive than the national average private for-profit two year college tuition of $13,857. The cost is 73% more expensive than the average Indiana tuition of $8,056 for 2 year colleges. Tuition ranks 16th in Indiana amongst 2 year colleges for affordability and is the 8th most expensive 2 year college in the state. Price does not vary by residence.

Housing Costs

On campus room and board is provided by the school at a cost of $9,220 per academic year. Students electing to live off campus elsewhere in Indianapolis should budget at least this amount.

Books and Supplies

The estimated annual cost for books and supplies is $1,715.

Other Living Expenses

If living on-campus, students should budget for $920 in additional living expenses. Off-campus students should budget for $1,798 in other miscellaneous living expenses.

Total Costs

The annual tuition and living expense budget to go to International Business College-Indianapolis was $25,815 for the 2017/2018 academic year. The cost is the same for all students regardless of Indiana residence status as there is no in-state discount.

Citation: Price data from the U.S. Department of Education's 2017-2018 and 2016-2017 IPEDS survey response for International Business College Indianapolis and represent reported costs for the 2016-2017 and 2015-2016 academic years.

Costs and Tuition for International Business College Indianapolis
Estimated Budgets
Indiana Resident Total Budget $25,815
   In-State Tuition$13,960
   Other Fees$0
   Room and Board$9,220
   On-Campus Other Budget$920
   Books and Supplies$1,715
Non-Resident Total Budget $25,815
   Out-of-State Tuition$13,960
   Other Fees$0
   Room and Board$9,220
   On-Campus Other Budget$920
   Books and Supplies$1,715


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 $25,815 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 International Business College-Indianapolis net price for in-state students is $14,447* for the 2014/2015 academic year. This net price includes housing and meal expenses.

Pell Grants and other Grant Aid

81% of International Business College Indianapolis students received grant aid in 2014/2015. The average total aid amount was $7,562. 78 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 $4,865. To apply for a Pell Grant to attend International Business College Indianapolis, the first step is to fill out the Free Application for Federal Student Aid (FAFSA).

Net Price and Financial Aid for International Business College Indianapolis
Financial Aid Summary
Average Annual Net Price$14,447*
Percent of Students Receiving Grant Aid81%
Average Total Grant Aid$7,562
Percent of Students Receiving Pell Grants78%
Average Amount of Pell Grant Aid$4,865

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$13,070
$30,001 to $48,000$14,909
$48,001 to $75,000$19,268
$75,001 to $110,000$20,994

Average Financial Aid Mix - $25,815 In-State Total Cost

CollegeCalc has estimated typical coverage of the annual in-state tuition and living expenses of $25,815. Breakdown is based on average grant aid and federal loan aid which will vary based on your family income.


Grants and Scholarships

 30% - $7,562

Money granted to you by the U.S. Department of Education, International Business College Indianapolis or other organizations. These are not loans and do not need to be repaid.

Federal Loans

 31% - $7,832

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

Out of Pocket

 38% -  $9,501

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.

Tuition Comparison to Similar Private Colleges in the Region

School Cost vs. International Business College Indianapolis
MedTech College8.6% more expensive
Fortis College Indianapolis32.5% more expensive
MedTech College Greenwood Campus8.6% more expensive
Harrison College Lafayette15% more expensive
MedTech College Ft Wayne Campus8.6% more expensive

Cost of a Degree

Being a school offering two year programs, prospective students should consider the multi year outlay when budgeting the cost for two years at International Business College Indianapolis.

Estimated 2 Year Cost at Published Tuition

At the current published rates, an estimated total tuition, fees and living expense price for a 2 year associate degree at International Business College-Indianapolis is $51,630 for students graduating in normal time. This methodology for estimating the 2 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 $20,644 in-state net price as the basis. Applying this cost over 2 would estimate the cost of a degree at $41,288**

**Based on a 2 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

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 International Business College Indianapolis.

Indiana Resident Tuition Per Semester$6,980
Indiana Resident Total Cost Per Semester$12,908

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. 93% of International Business College Indianapolis students receive U.S. Federal Student Loans with an average annual Federal Loan aid amount of $7,832.

Example Loan Payments and Costs

How much are student loan payments for International Business College Indianapolis? 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 $41,288, 100% of the estimated average net price for a two year program and paid nothing while enrolled. The total of all payments including interest would sum $51,228.94. This could be your effective total out of pocket cost of an education at International Business College Indianapolis. Note that this calculation assumes you don't pay full list price tuition, are part of the reported 81% of students at this school who receive financial aid and you are paying an average annual net price of $20,644. If you do not financially qualify for a reduced net price, your student loan payments could be significantly higher than this example. Use our International Business College Indianapolis 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.

International Business College Indianapolis Student Loan Payments
Example Payments
Monthly Loan Payment$426.91
Amount Borrowed$41,288.00
Interest Rate4.5%
Term10 years
Number of Monthly Payments120
Total Interest Cost$9,940.94
Sum of All Payments over 10 years$51,228.94

Affording Student Loan Payments and Post Graduation Salary

Can I afford to attend International Business College-Indianapolis? 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 International Business College Indianapolis, 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 $51,228.94 would be needed to afford a $426.91 monthly payment in the example $41,288.00 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 International Business College Indianapolis in the future? In the past four years, this school's published in-state tuition and fee total rose from $13,880 to $13,960. This amounts to an average annual price increase of 0.1%. 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 2 year degree assuming tuition increases at the national average rate. Estimated future prices are based on the current 2 year cost of $51,630.00. 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 International Business College Indianapolis.

Annual2 Year Degree
Estimated Cost in 5 years for students enrolling in 2024$33,771$67,542
Estimated Cost in 10 years for students enrolling in 2029$43,101$86,202
Estimated Cost in 15 years for students enrolling in 2034 $55,009$110,018
Estimated Cost in 18 years for students enrolling in 2037 $63,680$127,360

Tuition History

What was tuition at International Business College-Indianapolis 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 in the past as it provides indication as to how the school may raise tuition in the next few years. Historical tuition and fees for all available data years back to 1987 follows.

YearTuitionAnnual Increase

Comparable Cost for Popular Majors

We've compared the out of state cost of the most popular undergraduate areas of study at International Business College Indianapolis 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
Veterinary/Animal Health Technology/Technician and Veterinary Assistant Associate's Degree 59 27% costlier
Dental Assisting/Assistant Associate's Degree 36 30% costlier
Graphic Design Associate's Degree 27 16% costlier
Hotel/Motel Administration/Management Associate's Degree 16 18% costlier
Accounting Technology/Technician and Bookkeeping Associate's Degree 12 32% costlier
Medical/Clinical Assistant Associate's Degree 10 27% costlier
Legal Assistant/Paralegal Associate's Degree 7 27% costlier
Computer Systems Networking and Telecommunications Associate's Degree 6 37% costlier
Computer Programming/Programmer, General Associate's Degree 4 39% costlier
Administrative Assistant and Secretarial Science, General Associate's Degree 3 38% costlier
Legal Administrative Assistant/Secretary Associate's Degree 1 37% costlier


Use the calculators below to formulate a college savings plan for International Business College Indianapolis 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 International Business College Indianapolis 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 International Business College Indianapolis student loan.

Prepayment Option

About International Business College Indianapolis

International Business College Indianapolis is a two year private college located in Indianapolis, Indiana.  Full time enrollment is 296 and part time is 0.

Only undergraduate degrees are offered at this school.

International Business College Indianapolis
7205 Shadeland Station
Indianapolis, Indiana

For Profit / Not For Profit Status

International Business College Indianapolis is a private, for profit school.

International Business College Indianapolis cost and financial aid data source: U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=151467 IPEDS survey data.