The annual total list price cost to go to ITT Technical Institute Lexington was $25,543 for the 2013/2014 academic year. The cost is the same for all students regardless of Kentucky residence status as there is no in-state discount. The breakdown of this total cost is detailed as follows.
Tuition for ITT Technical Institute Lexington is $17,748 for the 2013/2014 academic year. This is 18% more expensive than the national average private for-profit four year college tuition of $15,095. The fee is $1,398 and 9% more expensive than the average Kentucky tuition of $16,350 for 4 year colleges. Tuition ranks 24th in Kentucky amongst 4 year colleges for affordability and is the 25th most expensive 4 year college in the state. Price does not vary by residence.
The school charges an additional "other" fee of $300 in addition to tuition bringing the total effective in-state tuition to $18,048.
ITT Technical Institute Lexington doesn't provide on campus housing, however unless you're living with family you will need to budget for food and housing near Lexington just like you would for a college with dorms. The estimated room and board expense for academic year for off campus housing is $7,495.
The estimated annual cost for books and supplies is $0.
|Kentucky Resident Total Cost||$25,543|
|Non-Resident Total Cost||$25,543|
|Off-Campus Housing Estimate||$7,495|
|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.
Depending on many factors including student and parent income and assets, the total cost of attendance may be less than the $25,543 published price if scholarship or grant aid is made available to you.
The net out of pocket price you end up paying or financing though student loans is known as the net price. The reported ITT Technical Institute Lexington net price for in-state students receiving aid was $21,323* for the 2010/2011 academic year.
79% of ITT Technical Institute Lexington students received grant aid in 2010/2011 to help defray the cost of tuition. The average total aid amount was $4,508. 78 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 $4,223. To apply for a Pell Grant to attend ITT Technical Institute Lexington, the first step is to fill out the Free Application for Federal Student Aid (FAFSA).
|Financial Aid Summary|
|Average Annual Net Price||$21,323*|
|Percent of Students Receiving Grant Aid||79%|
|Average Total Grant Aid||$4,508|
|Percent of Students Receiving Pell Grants||78%|
|Average Amount of Pell Grant Aid||$4,223|
*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.
When considering the cost to go to ITT Technical Institute Lexington, 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 ITT Technical Institute Lexington.
At the current published rates, an estimated total tuition, fees and living expense price for a 4 year bachelor's degree at ITT Technical Institute Lexington is $102,172 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 $21,323 in-state net price as the basis. Applying this cost over 4 would estimate the cost of a degree at $85,292**
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 $127,715 or $106,615 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.
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 ITT Technical Institute Lexington are as follows. Per credit costs are for reference only as many schools will not allow students to pay by credit hour.
|Price per credit hour||$493|
|Cost for one class (3 credit hours)||$1,479|
|Cost for one class (4 credit hours)||$1,972|
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 ITT Technical Institute Lexington students receive U.S. Federal Student Loans with an average annual Federal Loan aid amount of $8,466.
How much are student loan payments for ITT Technical Institute Lexington? 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 $85,292, 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 $106,865.50. This could be your effective total out of pocket cost of an education at ITT Technical Institute Lexington. Note that this calculation assumes you don't pay full list price tuition, are part of the reported 79% of students at this school who receive financial aid and you are paying an average annual net price of $21,323. If you do not financially qualify for a reduced net price, your student loan payments could be significantly higher than this example. Use our ITT Technical Institute Lexington 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.
|Monthly Loan Payment||$890.55|
|Number of Monthly Payments||120|
|Total Interest Cost||$21,573.50|
|Sum of All Payments over 10 years||$106,865.50|
Can I afford to attend ITT Technical Institute Lexington? 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 ITT Technical Institute Lexington, 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 $106,865.50 would be needed to afford a $890.55 monthly payment in the example $85,292.00 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.
ITT Technical Institute Lexington is a private, for profit school.
What will it cost to send your child to ITT Technical Institute Lexington in the future? In the past five years, this school's published in-state tuition and fee total rose from $14,880 to $18,048. This amounts to an average annual price increase of 4.3%. 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 4 year cost of $102,172.00. 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 ITT Technical Institute Lexington.
|Annual||4 Year Degree|
|Estimated Cost in 5 years for students enrolling in 2019||$35,128||$140,510|
|Estimated Cost in 10 years for students enrolling in 2024||$44,833||$179,331|
|Estimated Cost in 15 years for students enrolling in 2029||$57,219||$228,877|
|Estimated Cost in 18 years for students enrolling in 2032||$66,238||$264,953|
What was tuition at ITT Technical Institute Lexington 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.
Below are the most popular undergraduate areas of study at ITT Technical Institute Lexington 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 $25,543. 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|
|Criminal Justice/Law Enforcement Administration Associate's Degree||35||$51,086
2 year estimate
|Computer Systems Networking and Telecommunications Associate's Degree||33||$51,086
2 year estimate
|Electrical, Electronic and Communications Engineering Technology/Technician Associate's Degree||28||$51,086
2 year estimate
|CAD/CADD Drafting and/or Design Technology/Technician Associate's Degree||25||$51,086
2 year estimate
|Design and Visual Communications, General Associate's Degree||16||$51,086
2 year estimate
|Business Administration and Management, General Bachelor's Degree||5||$102,172
4 year estimate
|Web Page, Digital/Multimedia and Information Resources Design Associate's Degree||2||$51,086
2 year estimate
ITT Technical Institute Lexington is a four year private college located in Lexington, Kentucky. Full time enrollment is 278 and part time is 172. For the 2011/2012 school year, the school received 147 applicants. 124 were admitted and 42 enrolled.
Only undergraduate degrees are offered at this school.
Use the calculators below to formulate a college savings plan for ITT Technical Institute Lexington or model a student loan.