Tuition and Cost to Attend DeVry University Michigan

Annual Total Cost

The annual total list price cost to go to DeVry University Michigan was $23,669 for the 2013/2014 academic year. The cost is the same for all students regardless of Michigan residence status as there is no in-state discount. The breakdown of this total cost is detailed as follows.

Undergraduate Tuition

Tuition for DeVry University Michigan is $15,835 for the 2013/2014 academic year. This is 5% more expensive than the national average private for-profit four year college tuition of $15,095. The cost is $988 and 6% cheaper than the average Michigan tuition of $16,823 for 4 year colleges. Tuition ranks 34th in Michigan amongst 4 year colleges for affordability and is the 33rd most expensive 4 year college in the state. Price does not vary by residence.

The school charges an additional "other" fee of $80 in addition to tuition bringing the total effective in-state tuition to $15,915.

Housing Costs

DeVry University Michigan doesn't provide on campus housing, however unless you're living with family you will need to budget for food and housing near Southfield just like you would for a college with dorms. The estimated room and board expense for academic year for off campus housing is $6,434.

Books and Supplies

The estimated annual cost for books and supplies is $1,320.

Cost Itemization

Costs and Tuition Detail for DeVry University Michigan
Expenditure Price
Michigan Resident Total Cost$23,669
Non-Resident Total Cost$23,669
   In-State Tuition$15,835
   Out-of-State Tuition$15,835
   Other Fees$80
   Off-Campus Housing Estimate$6,434
   Books and Supplies$1,320

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 $23,669 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 DeVry University Michigan net price for in-state students receiving aid was $22,856* for the 2010/2011 academic year.

Pell Grants and other Grant Aid

79% of DeVry University Michigan students received grant aid in 2010/2011 to help defray the cost of tuition. The average total aid amount was $3,687. 72 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 $3,452. To apply for a Pell Grant to attend DeVry University Michigan, the first step is to fill out the Free Application for Federal Student Aid (FAFSA).

Net Price and Financial Aid for DeVry University Michigan
Financial Aid Summary
Average Annual Net Price$22,856*
Percent of Students Receiving Grant Aid79%
Average Total Grant Aid$3,687
Percent of Students Receiving Pell Grants72%
Average Amount of Pell Grant Aid$3,452

Average Financial Aid Mix - $23,669 In-State Total Cost

Estimated coverage of the annual in-state tuition and living expenses of $23,669. Breakdown is based on average grant aid and federal loan aid which will vary based on your family income.

3687
9544
10438

 16% - $3,687

Grants and Scholarships

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

 40% - $9,544

Federal Loans

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

 44% -  $10,438

Out of Pocket

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 the cost to go to DeVry University Michigan, 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 DeVry University Michigan.

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 DeVry University Michigan is $94,676 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 $22,856 in-state net price as the basis. Applying this cost over 4 would estimate the cost of a degree at $91,424**

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 $118,345 or $114,280 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

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 DeVry University Michigan.

Michigan Resident Tuition Per Semester$7,918
Michigan Resident Total Cost Per Semester$11,834

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 DeVry University Michigan 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 DeVry University Michigan
Price per credit hour$597
Cost for one class (3 credit hours)$1,791
Cost for one class (4 credit hours)$2,388



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. 92% of DeVry University Michigan students receive U.S. Federal Student Loans with an average annual Federal Loan aid amount of $9,544.

Example Loan Payments and Costs

How much are student loan payments for DeVry University Michigan? 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 $91,424, 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 $114,548.50. This could be your effective total out of pocket cost of an education at DeVry University Michigan. 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 $22,856. If you do not financially qualify for a reduced net price, your student loan payments could be significantly higher than this example. Use our DeVry University Michigan 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.

DeVry University Michigan Student Loan Payments
Example Payments
Monthly Loan Payment$954.57
Amount Borrowed$91,424.00
Interest Rate4.7%
Term10 years
Number of Monthly Payments120
Total Interest Cost$23,124.50
Sum of All Payments over 10 years$114,548.50

Affording Student Loan Payments and Post Graduation Salary

Can I afford to attend DeVry University Michigan? 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 DeVry University Michigan, 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 $114,548.50 would be needed to afford a $954.57 monthly payment in the example $91,424.00 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

DeVry University Michigan is a private, for profit school.

Estimated Future Cost and Expected Tuition Increase

What will it cost to send your child to DeVry University Michigan 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 $94,676.00. 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 DeVry University Michigan.

Annual4 Year Degree
Estimated Cost in 5 years for students enrolling in 2019$32,550$130,202
Estimated Cost in 10 years for students enrolling in 2024$41,543$166,174
Estimated Cost in 15 years for students enrolling in 2029 $53,021$212,085
Estimated Cost in 18 years for students enrolling in 2032 $61,379$245,515

Tuition History

What was tuition at DeVry University Michigan 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$14,1601.7%
2009$13,9307%
2008$13,020

Cost for Popular Majors

Below are the most popular undergraduate areas of study at DeVry University Michigan 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 $23,669. 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
Business Administration, Management and Operations, Other Bachelor's Degree 12 $94,676
4 year estimate
Accounting Technology/Technician and Bookkeeping Associate's Degree 2 $47,338
2 year estimate
Computer Systems Networking and Telecommunications Associate's Degree 1 $47,338
2 year estimate

About DeVry University Michigan

DeVry University Michigan is a four year private college located in Southfield, Michigan.  Full time enrollment is 63 and part time is 136.  For the 2011/2012 school year, the school received 84 applicants. 47 were admitted and 44 enrolled.

Only undergraduate degrees are offered at this school.

Address
DeVry University Michigan
26999 Central Park Blvd Ste 125
Southfield, Michigan
48076-4174

Calculators

Use the calculators below to formulate a college savings plan for DeVry University Michigan 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 DeVry University Michigan 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 DeVry University Michigan student loan.

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