Tuition and Cost to Attend Stevens Institute of Technology

Annual Total Cost

The annual total list price cost to go to Stevens Institute of Technology was $59,654 for the 2013/2014 academic year. The cost is the same for all students regardless of New Jersey residence status as there is no in-state discount. The breakdown of this total cost is detailed as follows.

Undergraduate Tuition

Tuition for Stevens Institute of Technology is $42,920 for the 2013/2014 academic year. This is 75% more expensive than the national average private non-profit four year college tuition of $24,476. Stevens Institute of Technology is one of the 100 most expensive colleges in the America, coming in 83rd on our Expensive 100 Ranking. The cost is $23,773 and 124% more expensive than the average New Jersey tuition of $19,147 for 4 year colleges. Tuition ranks 39th in New Jersey amongst 4 year colleges for affordability and is the 2nd most expensive 4 year college in the state. Price does not vary by residence.

The school charges an additional "other" fee of $1,570 in addition to tuition bringing the total effective in-state tuition to $44,490.

Housing Costs

On campus room and board is provided by the school at a cost of $14,214 per year. If you elect to live off campus elsewhere in Hoboken, you should budget at least this amount.

Books and Supplies

The estimated annual cost for books and supplies is $950.

Cost Itemization

Costs and Tuition Detail for Stevens Institute of Technology
Expenditure Price
New Jersey Resident Total Cost$59,654
   In-State Tuition$42,920
   Other Fees$1,570
   Room and Board$14,214
   Books and Supplies$950
Non-Resident Total Cost$59,654
   Out-of-State Tuition$42,920
   Other Fees$1,570
   Room and Board$14,214
   Books and Supplies$950

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 $59,654 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 Stevens Institute of Technology net price for in-state students receiving aid was $28,387* for the 2010/2011 academic year.

Pell Grants and other Grant Aid

91% of Stevens Institute of Technology students received grant aid in 2010/2011 to help defray the cost of tuition. The average total aid amount was $20,911. 25 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 $3,805. To apply for a Pell Grant to attend Stevens Institute of Technology, the first step is to fill out the Free Application for Federal Student Aid (FAFSA).

Net Price and Financial Aid for Stevens Institute of Technology
Financial Aid Summary
Average Annual Net Price$28,387*
Percent of Students Receiving Grant Aid91%
Average Total Grant Aid$20,911
Percent of Students Receiving Pell Grants25%
Average Amount of Pell Grant Aid$3,805

Average Financial Aid Mix - $59,654 In-State Total Cost

CollegeCalc estimated typical coverage of the annual in-state tuition and living expenses of $59,654. Breakdown is based on average grant aid and federal loan aid which will vary based on your family income.

35%
11%
54%

Grants and Scholarships

 35% - $20,911

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

Federal Loans

 11% - $6,594

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

Out of Pocket

 54% -  $32,149

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.


Is it Worth the Cost?

To make a comparative assessment if Stevens Institute of Technology 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 90/100 for Stevens Institute of Technology. Considering an average net price paid of $28,387, this leads to an overall value ranking of 68/100. This places the school 157th 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 Stevens Institute of Technology, 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 Stevens Institute of Technology.

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 Stevens Institute of Technology is $238,616 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 $28,387 in-state net price as the basis. Applying this cost over 4 would estimate the cost of a degree at $113,548**

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 $298,270 or $141,935 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 Stevens Institute of Technology.

New Jersey Resident Tuition Per Semester$21,460
New Jersey Resident Total Cost Per Semester$29,827

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 Stevens Institute of Technology 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 Stevens Institute of Technology
Price per credit hour$1,343
Cost for one class (3 credit hours)$4,029
Cost for one class (4 credit hours)$5,372



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. 69% of Stevens Institute of Technology students receive U.S. Federal Student Loans with an average annual Federal Loan aid amount of $6,594.

Example Loan Payments and Costs

How much are student loan payments for Stevens Institute of Technology? 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 $113,548, 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 $142,268.48. This could be your effective total out of pocket cost of an education at Stevens Institute of Technology. Note that this calculation assumes you don't pay full list price tuition, are part of the reported 91% of students at this school who receive financial aid and you are paying an average annual net price of $28,387. If you do not financially qualify for a reduced net price, your student loan payments could be significantly higher than this example. Use our Stevens Institute of Technology 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.

Stevens Institute of Technology Student Loan Payments
Example Payments
Monthly Loan Payment$1,185.57
Amount Borrowed$113,548.00
Interest Rate4.7%
Term10 years
Number of Monthly Payments120
Total Interest Cost$28,720.48
Sum of All Payments over 10 years$142,268.48

Affording Student Loan Payments and Post Graduation Salary

Can I afford to attend Stevens Institute of Technology? 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 Stevens Institute of Technology, 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 $142,268.48 would be needed to afford a $1,185.57 monthly payment in the example $113,548.00 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 Stevens Institute of Technology in the future? In the past five years, this school's published in-state tuition and fee total rose from $31,750 to $41,782. This amounts to an average annual price increase of 6.3%. 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 $238,616.00. 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 Stevens Institute of Technology.

Annual4 Year Degree
Estimated Cost in 5 years for students enrolling in 2019$82,038$328,153
Estimated Cost in 10 years for students enrolling in 2024$104,704$418,815
Estimated Cost in 15 years for students enrolling in 2029 $133,632$534,526
Estimated Cost in 18 years for students enrolling in 2032 $154,695$618,781

Tuition History

What was tuition at Stevens Institute of Technology 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$34,980-3.6%
2009$36,2806.2%
2008$34,1684.9%
2007$32,5826.3%
2006$30,6471.6%
2005$30,15510.9%
2004$27,2006%
2003$25,6507.4%
2002$23,8905%
2001$22,7506.2%
2000$21,4155%
1999$20,4005.3%
1998$19,3754.6%
1997$18,5304.5%
1996$17,7302.5%
1995$17,2904.3%
1994$16,5807.5%
1993$15,4254.2%
1992$14,8004.4%
1991$14,1758%
1990$13,12510.3%
1989$11,90012.5%
1988$10,5750%

Cost for Popular Majors

Below are the most popular undergraduate areas of study at Stevens Institute of Technology 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 $59,654. 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
Mechanical Engineering Bachelor's Degree 119 $238,616
4 year estimate
Business Administration and Management, General Bachelor's Degree 58 $238,616
4 year estimate
Bioengineering and Biomedical Engineering Bachelor's Degree 53 $238,616
4 year estimate
Civil Engineering, General Bachelor's Degree 44 $238,616
4 year estimate
Computer Engineering, General Bachelor's Degree 34 $238,616
4 year estimate
Engineering/Industrial Management Bachelor's Degree 29 $238,616
4 year estimate
Electrical and Electronics Engineering Bachelor's Degree 26 $238,616
4 year estimate
Chemical Engineering Bachelor's Degree 21 $238,616
4 year estimate
Biochemistry Bachelor's Degree 21 $238,616
4 year estimate
Computer Science Bachelor's Degree 20 $238,616
4 year estimate
Naval Architecture and Marine Engineering Bachelor's Degree 10 $238,616
4 year estimate
Engineering Physics/Applied Physics Bachelor's Degree 7 $238,616
4 year estimate
Mathematics, General Bachelor's Degree 7 $238,616
4 year estimate
Chemistry, General Bachelor's Degree 7 $238,616
4 year estimate
Computer and Information Systems Security/Information Assurance Bachelor's Degree 6 $238,616
4 year estimate
General Literature Bachelor's Degree 4 $238,616
4 year estimate
Physics, General Bachelor's Degree 4 $238,616
4 year estimate
Fine Arts and Art Studies, Other Bachelor's Degree 4 $238,616
4 year estimate
Music Technology Bachelor's Degree 4 $238,616
4 year estimate
Environmental/Environmental Health Engineering Bachelor's Degree 3 $238,616
4 year estimate
Humanities/Humanistic Studies Bachelor's Degree 1 $238,616
4 year estimate
Human Resources Management and Services, Other Bachelor's Degree 1 $238,616
4 year estimate
Information Technology Bachelor's Degree 1 $238,616
4 year estimate

Calculators

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

Prepayment Option

About Stevens Institute of Technology

Stevens Institute of Technology is a four year private college located in Hoboken, New Jersey.  Full time enrollment is 3,671 and part time is 1,872.  For the 2011/2012 school year, the school received 4,087 applicants. 1,653 were admitted and 625 enrolled.

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

Address
Stevens Institute of Technology
Castle Point On Hudson
Hoboken, New Jersey
07030-5991

For Profit / Not For Profit Status

Stevens Institute of Technology is a private not for profit institution.

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