Tuition and Cost to Attend University of Iowa

Annual Total Cost

The total list price cost for in-state Iowa residents to go to University of Iowa was $18,525 for the 2013/2014 academic year. Out-of-state students who don't possess Iowa residence can expect a one year cost of $37,395. The components to this cost are detailed below.

Undergraduate Tuition

University of Iowa tuition is $6,678 per year for in-state residents. This is 7% more expensive than the national average public four year tuition of $6,256. The fee is $14,572 and 69% cheaper than the average Iowa tuition of $21,250 for 4 year colleges. Tuition ranks 3rd in Iowa amongst 4 year colleges for affordability and is the 44th most expensive 4 year college in the state. If you're attending from out-of-state, the tuition is $25,548 which represents a 283% premium.

The school charges an additional "other" fee of $1,383 in addition to tuition bringing the total effective in-state tuition to $8,061.

Housing Costs

On campus room and board is provided by the school at a cost of $9,424 per year. If you elect to live off campus elsewhere in Iowa City, you should budget at least this amount.

Books and Supplies

The estimated annual cost for books and supplies is $1,040.

Cost Itemization

Costs and Tuition Detail for University of Iowa
Expenditure Price
Iowa Resident Total Cost$18,525
Non-Resident Total Cost$37,395
   In-State Tuition$6,678
   Out-of-State Tuition$25,548
   Other Fees$1,383
   Room and Board$9,424
   Books and Supplies$1,040

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.

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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 $18,525 published price if scholarship or grant aid is made available to you.

Net Price

The net out of pocket price you end up paying or financing though student loans is known as the net price. The reported University of Iowa net price for in-state students receiving aid was $14,245* for the 2010/2011 academic year.

Pell Grants and other Grant Aid

53% of University of Iowa students received grant aid in 2010/2011 to help defray the cost of tuition. The average total aid amount was $7,243. 19 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 $3,754. To apply for a Pell Grant to attend University of Iowa, the first step is to fill out the Free Application for Federal Student Aid (FAFSA).

Net Price and Financial Aid for University of Iowa
Financial Aid Summary
Average Annual Net Price$14,245*
Percent of Students Receiving Grant Aid53%
Average Total Grant Aid$7,243
Percent of Students Receiving Pell Grants19%
Average Amount of Pell Grant Aid$3,754

Average Financial Aid Mix - $18,525 In-State Total Cost

Estimated coverage of the annual in-state tuition and living expenses of $18,525. Breakdown is based on average grant aid and federal loan aid which will vary based on your family income.

7243
6770
4512

 39% - $7,243

Grants and Scholarships

Money granted to you by the U.S. Department of Education or University of Iowa. These are not loans and do not need to be repaid.

 37% - $6,770

Federal Loans

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

 24% -  $4,512

Out of Pocket

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 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.


Is it Worth the Cost?

To make a comparative assessment if University of Iowa 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 65/100 for University of Iowa. Considering an average net price paid of $14,245, this leads to an overall value ranking of 78/100. This places the school 62nd on our national Best Value Colleges ranking as a provider of a very high value education compared to actual overall price paid.

Cost of a Degree

When considering the cost to go to University of Iowa, 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 University of Iowa.

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 University of Iowa is $74,100 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 $14,245 in-state net price as the basis. Applying this cost over 4 would estimate the cost of a degree at $56,980**

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 $92,625 or $71,225 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 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

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 University of Iowa.

Iowa Resident Tuition Per Semester$3,339
Iowa Resident Total Cost Per Semester$9,262
Non-Iowa Resident Tuition Per Semester$12,774
Non-Iowa Resident Total Cost Per Semester$18,698

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 University of Iowa 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 University of Iowa
Price per credit hour for Iowa residents$324
Cost for one class for Iowa residents (3 credit hours)$972
Price per credit hour for out of state residents$1,046
Cost for one class for out of state residents (3 credit hours)$3,138
Cost for one class for out of state residents (4 credit hours)$4,184

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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. 50% of University of Iowa students receive U.S. Federal Student Loans with an average annual Federal Loan aid amount of $6,770. The reported average student debt upon graduation is $28,131.

Example Loan Payments and Costs

How much are student loan payments for University of Iowa? 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 $56,980, 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 $71,392.35. This could be your effective total out of pocket cost of an education at University of Iowa. Note that this calculation assumes you don't pay full list price tuition, are part of the reported 53% of students at this school who receive financial aid and you are paying an average annual net price of $14,245. If you do not financially qualify for a reduced net price, your student loan payments could be significantly higher than this example. Use our University of Iowa 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.

University of Iowa Student Loan Payments
Example Payments
Monthly Loan Payment$594.94
Amount Borrowed$56,980.00
Interest Rate4.7%
Term10 years
Number of Monthly Payments120
Total Interest Cost$14,412.35
Sum of All Payments over 10 years$71,392.35

Affording Student Loan Payments and Post Graduation Salary

Can I afford to attend University of Iowa? 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 University of Iowa, 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 $71,392.35 would be needed to afford a $594.94 monthly payment in the example $56,980.00 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.

For Profit / Not For Profit Status

University of Iowa 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.

Estimated Future Cost and Expected Tuition Increase

What will it cost to send your child to University of Iowa in the future? In the past five years, this school's published in-state tuition and fee total rose from $6,135 to $7,765. This amounts to an average annual price increase of 5.3%. 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 $74,100.00. 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 University of Iowa.

Annual4 Year Degree
Estimated Cost in 5 years for students enrolling in 2019$25,476$101,905
Estimated Cost in 10 years for students enrolling in 2024$32,515$130,059
Estimated Cost in 15 years for students enrolling in 2029 $41,498$165,992
Estimated Cost in 18 years for students enrolling in 2032 $48,039$192,157

Tuition History

What was tuition at University of Iowa 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$6,824$22,198 4.3%
2009$6,544$20,658 4%
2008$6,293$19,465 2.6%
2007$6,135$18,359 9.3%
2006$5,612$16,998 4%
2005$5,396$16,048 8.1%
2004$4,993$15,285 19.1%
2003$4,191$13,833 19%
2002$3,522$11,950 9.9%
2001$3,204$10,966 6.9%
2000$2,997$10,439 4.5%
1999$2,868$9,990 3.9%
1998$2,760$9,616 4.3%
1997$2,646$9,244 3.4%
1996$2,558$8,808 4.2%
1995$2,455$8,313 4.4%
1994$2,352$7,740 5.6%
1993$2,228$7,192 7.5%
1992$2,072$6,590 10.2%
1991$1,880$6,220 3%
1990$1,826$5,982 7%
1989$1,706$5,488 9.1%
1988$1,564$4,864 12.5%
1987$1,390$4,080

Cost for Popular Majors

Below are the most popular undergraduate areas of study at University of Iowa ranked by degrees conferred during the 2010/2011 academic year along with their estimated total program cost. Please consult the school's website for further information as actual costs for specific program may vary. Price estimates assume graduation in normal time. Our methodology for estimating these costs is a two or four year multiple of the current one year tuition and living cost of $18,525. Associates degrees are assumed to be completed in two years and bachelors degrees are assumed to take four years.

Area of Study Graduates Estimated Degree + Living Expense Cost
Registered Nursing/Registered Nurse Bachelor's Degree 279 $74,100
4 year estimate
Mechanical Engineering Bachelor's Degree 72 $74,100
4 year estimate
Finance, General Bachelor's Degree 61 $74,100
4 year estimate
Bioengineering and Biomedical Engineering Bachelor's Degree 56 $74,100
4 year estimate
Civil Engineering, General Bachelor's Degree 54 $74,100
4 year estimate
Social Work Bachelor's Degree 47 $74,100
4 year estimate
Psychology, General Bachelor's Degree 41 $74,100
4 year estimate
Computer and Information Sciences, General Bachelor's Degree 40 $74,100
4 year estimate
Marketing, Other Bachelor's Degree 39 $74,100
4 year estimate
Radiologic Technology/Science - Radiographer Bachelor's Degree 39 $74,100
4 year estimate
Chemical Engineering Bachelor's Degree 39 $74,100
4 year estimate
Electrical and Electronics Engineering Bachelor's Degree 38 $74,100
4 year estimate
Economics, General Bachelor's Degree 34 $74,100
4 year estimate
Spanish Language and Literature Bachelor's Degree 32 $74,100
4 year estimate
Speech Communication and Rhetoric Bachelor's Degree 31 $74,100
4 year estimate
Labor and Industrial Relations Bachelor's Degree 30 $74,100
4 year estimate
Political Science and Government, General Bachelor's Degree 30 $74,100
4 year estimate
Journalism Bachelor's Degree 29 $74,100
4 year estimate
Industrial Engineering Bachelor's Degree 29 $74,100
4 year estimate
Geography Bachelor's Degree 26 $74,100
4 year estimate
International/Global Studies Bachelor's Degree 24 $74,100
4 year estimate
Mathematics, General Bachelor's Degree 22 $74,100
4 year estimate
Multi-/Interdisciplinary Studies, Other Bachelor's Degree 22 $74,100
4 year estimate
English Language and Literature, General Bachelor's Degree 21 $74,100
4 year estimate
Biochemistry Bachelor's Degree 17 $74,100
4 year estimate
Athletic Training/Trainer Bachelor's Degree 16 $74,100
4 year estimate
Art/Art Studies, General Bachelor's Degree 15 $74,100
4 year estimate
Actuarial Science Bachelor's Degree 15 $74,100
4 year estimate
Film/Cinema/Video Studies Bachelor's Degree 14 $74,100
4 year estimate
Anthropology Bachelor's Degree 14 $74,100
4 year estimate
Health and Physical Education/Fitness, Other Bachelor's Degree 13 $74,100
4 year estimate
Liberal Arts and Sciences/Liberal Studies Bachelor's Degree 12 $74,100
4 year estimate
Religion/Religious Studies Bachelor's Degree 12 $74,100
4 year estimate
Science Teacher Education/General Science Teacher Education Bachelor's Degree 11 $74,100
4 year estimate
French Language and Literature Bachelor's Degree 8 $74,100
4 year estimate
Accounting Bachelor's Degree 7 $74,100
4 year estimate
History, General Bachelor's Degree 6 $74,100
4 year estimate
Clinical Laboratory Science/Medical Technology/Technologist Bachelor's Degree 5 $74,100
4 year estimate
Drama and Dramatics/Theatre Arts, General Bachelor's Degree 5 $74,100
4 year estimate
Management Sciences and Quantitative Methods, Other Bachelor's Degree 5 $74,100
4 year estimate
Philosophy Bachelor's Degree 5 $74,100
4 year estimate
Sociology Bachelor's Degree 5 $74,100
4 year estimate
Asian Studies/Civilization Bachelor's Degree 5 $74,100
4 year estimate
Information Science/Studies Bachelor's Degree 4 $74,100
4 year estimate
German Language and Literature Bachelor's Degree 4 $74,100
4 year estimate
American/United States Studies/Civilization Bachelor's Degree 4 $74,100
4 year estimate
Dance, General Bachelor's Degree 3 $74,100
4 year estimate
Environmental Science Bachelor's Degree 3 $74,100
4 year estimate
Classics and Classical Languages, Literatures, and Linguistics Bachelor's Degree 3 $74,100
4 year estimate
Biology/Biological Sciences, General Bachelor's Degree 2 $74,100
4 year estimate
Art History, Criticism and Conservation Bachelor's Degree 2 $74,100
4 year estimate
Statistics, General Bachelor's Degree 2 $74,100
4 year estimate
Audiology/Audiologist and Speech-Language Pathology/Pathologist Bachelor's Degree 2 $74,100
4 year estimate
Nuclear Medical Technology/Technologist Bachelor's Degree 2 $74,100
4 year estimate
Kinesiology and Exercise Science Bachelor's Degree 2 $74,100
4 year estimate
Elementary Education and Teaching Bachelor's Degree 2 $74,100
4 year estimate
Linguistics Bachelor's Degree 2 $74,100
4 year estimate
African-American/Black Studies Bachelor's Degree 2 $74,100
4 year estimate
Women's Studies Bachelor's Degree 2 $74,100
4 year estimate
Microbiology, General Bachelor's Degree 1 $74,100
4 year estimate
Music, General Bachelor's Degree 1 $74,100
4 year estimate
Visual and Performing Arts, Other Bachelor's Degree 1 $74,100
4 year estimate
Gerontology Bachelor's Degree 1 $74,100
4 year estimate
Ancient Studies/Civilization Bachelor's Degree 1 $74,100
4 year estimate
Parks, Recreation and Leisure Studies Bachelor's Degree 1 $74,100
4 year estimate
Parks, Recreation and Leisure Facilities Management, General Bachelor's Degree 1 $74,100
4 year estimate
Astronomy Bachelor's Degree 1 $74,100
4 year estimate
Chemistry, General Bachelor's Degree 1 $74,100
4 year estimate
Geology/Earth Science, General Bachelor's Degree 1 $74,100
4 year estimate
Physics, General Bachelor's Degree 1 $74,100
4 year estimate
Comparative Literature Bachelor's Degree 1 $74,100
4 year estimate
Russian Language and Literature Bachelor's Degree 1 $74,100
4 year estimate
Italian Language and Literature Bachelor's Degree 1 $74,100
4 year estimate
Portuguese Language and Literature Bachelor's Degree 1 $74,100
4 year estimate

About University of Iowa

University of Iowa is a four year public college located in Iowa City, Iowa.  Full time enrollment is 24,368 and part time is 5,450.  For the 2011/2012 school year, the school received 19,430 applicants. 15,240 were admitted and 4,470 enrolled.

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

Learn more about getting in to University of Iowa at CollegeSimply.

Address
University of Iowa
101 Jessup Hall
Iowa City, Iowa
52242-1316

Calculators

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