Tuition and Cost to Attend Hofstra University

Annual Total Cost

The annual total list price cost to go to Hofstra University was $51,200 for the 2013/2014 academic year. The cost is the same for all students regardless of New York residence status as there is no in-state discount.

Undergraduate Tuition

Tuition for Hofstra University is $36,350 for the 2013/2014 academic year. This is 49% more expensive than the national average private non-profit four year college tuition of $24,476. The cost is $16,858 and 86% more expensive than the average New York tuition of $19,492 for 4 year colleges. Tuition ranks 157th in New York amongst 4 year colleges for affordability and is the 31st most expensive 4 year college in the state. Price does not vary by residence.

The school charges an additional fees of $1,050 in addition to tuition bringing the total effective in-state tuition to $37,400.

Housing Costs

On campus room and board is provided by the school at a cost of $12,800 per academic year. Students electing to live off campus elsewhere in Hempstead should budget at least this amount.

Books and Supplies

The estimated annual cost for books and supplies is $1,000.

Costs and Tuition for Hofstra University
Expenditure Price
New York Resident Total Cost $51,200
   In-State Tuition$36,350
   Other Fees$1,050
   Room and Board$12,800
   Books and Supplies$1,000
Non-Resident Total Cost $51,200
   Out-of-State Tuition$36,350
   Other Fees$1,050
   Room and Board$12,800
   Books and Supplies$1,000

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 $51,200 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 Hofstra University net price for in-state students receiving aid was $29,575* for the 2010/2011 academic year. This net price includes housing and meal expenses.

Pell Grants and other Grant Aid

76% of Hofstra University students received grant aid in 2010/2011. The average total aid amount was $13,801. 22 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 $4,093. To apply for a Pell Grant to attend Hofstra University, the first step is to fill out the Free Application for Federal Student Aid (FAFSA).

Net Price and Financial Aid for Hofstra University
Financial Aid Summary
Average Annual Net Price$29,575*
Percent of Students Receiving Grant Aid76%
Average Total Grant Aid$13,801
Percent of Students Receiving Pell Grants22%
Average Amount of Pell Grant Aid$4,093

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 reported for the 2011-2012 academic year.

Family Income Avg. Net Price
$0 to $30,000$26,828
$30,001 to $48,000$28,236
$48,001 to $75,000$31,258
$75,001 to $110,000$30,658
$110,000+$31,642

Average Financial Aid Mix - $51,200 In-State Total Cost

CollegeCalc has estimated typical coverage of the annual in-state tuition and living expenses of $51,200. Breakdown is based on average grant aid and federal loan aid which will vary based on your family income.

27%
14%
59%

Grants and Scholarships

 27% - $13,801

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

Federal Loans

 14% - $7,083

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

Out of Pocket

 59% -  $30,316

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 ability to pay for college, 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 Hofstra University.

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 Hofstra University is $204,800 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 $29,575 in-state net price as the basis. Applying this cost over 4 would estimate the cost of a degree at $118,300**

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 $256,000 or $147,875 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

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 Hofstra University 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 Hofstra University
Price per credit hour$990
Cost for one class (3 credit hours)$2,970
Cost for one class (4 credit hours)$3,960



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. 56% of Hofstra University students receive U.S. Federal Student Loans with an average annual Federal Loan aid amount of $7,083.

Example Loan Payments and Costs

How much are student loan payments for Hofstra University? 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 $118,300, 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 $148,222.44. This could be your effective total out of pocket cost of an education at Hofstra University. Note that this calculation assumes you don't pay full list price tuition, are part of the reported 76% of students at this school who receive financial aid and you are paying an average annual net price of $29,575. If you do not financially qualify for a reduced net price, your student loan payments could be significantly higher than this example. Use our Hofstra University 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.

Hofstra University Student Loan Payments
Example Payments
Monthly Loan Payment$1,235.19
Amount Borrowed$118,300.00
Interest Rate4.7%
Term10 years
Number of Monthly Payments120
Total Interest Cost$29,922.44
Sum of All Payments over 10 years$148,222.44

Affording Student Loan Payments and Post Graduation Salary

Can I afford to attend Hofstra University? 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 Hofstra University, 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 $148,222.44 would be needed to afford a $1,235.19 monthly payment in the example $118,300.00 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 Hofstra University in the future? In the past five years, this school's published in-state tuition and fee total rose from $24,830 to $34,150. This amounts to an average annual price increase of 7.5%. 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 $204,800.00. 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 Hofstra University.

Annual4 Year Degree
Estimated Cost in 5 years for students enrolling in 2019$70,412$281,648
Estimated Cost in 10 years for students enrolling in 2024$89,865$359,462
Estimated Cost in 15 years for students enrolling in 2029 $114,694$458,775
Estimated Cost in 18 years for students enrolling in 2032 $132,772$531,089

Tuition History

What was tuition at Hofstra University 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$30,1305.2%
2009$28,6307.1%
2008$26,73015.1%
2007$23,2307.9%
2006$21,5307.6%
2005$20,0128.7%
2004$18,41211.3%
2003$16,5425.2%
2002$15,7224.5%
2001$15,0423.7%
2000$14,5123.7%
1999$14,0003.4%
1998$13,5444.5%
1997$12,9664.9%
1996$12,3605.6%
1995$11,7105.7%
1994$11,0805.6%
1993$10,4907.2%
1992$9,7907.2%
1991$9,1318.3%
1990$8,4308.8%
1989$7,7507%
1988$7,2406.9%
1987$6,770

Comparable Cost for Popular Majors

We've compared the out of state total cost of the most popular undergraduate areas of study at Hofstra University to the national average for colleges offering each major. This demonstrats particular programs where this school may offer more value relative to other colleges.

Area of Study Graduates vs National Avg
Public Relations/Image Management Bachelor's Degree 86 47% costlier
Broadcast Journalism Bachelor's Degree 46 50% costlier
Teacher Education, Multiple Levels Bachelor's Degree 41 48% costlier
Business Administration, Management and Operations, Other Bachelor's Degree 37 67% costlier
International Business/Trade/Commerce Bachelor's Degree 33 41% costlier
Music, General Bachelor's Degree 29 40% costlier
Physical Education Teaching and Coaching Bachelor's Degree 28 64% costlier
Music Teacher Education Bachelor's Degree 26 52% costlier
Community Health and Preventive Medicine Bachelor's Degree 25 67% costlier
Mathematics, General Bachelor's Degree 24 41% costlier
Audiology/Audiologist and Speech-Language Pathology/Pathologist Bachelor's Degree 23 49% costlier
Physician Assistant Bachelor's Degree 21 31% costlier
Allied Health Diagnostic, Intervention, and Treatment Professions, Other Bachelor's Degree 19 40% costlier
Management Information Systems, General Bachelor's Degree 19 57% costlier
Business/Managerial Economics Bachelor's Degree 16 44% costlier
Elementary Education and Teaching Bachelor's Degree 14 62% costlier
Social Studies Teacher Education Bachelor's Degree 13 55% costlier
Geology/Earth Science, General Bachelor's Degree 12 40% costlier
Liberal Arts and Sciences/Liberal Studies Bachelor's Degree 12 44% costlier
Anthropology Bachelor's Degree 11 29% costlier
English/Language Arts Teacher Education Bachelor's Degree 10 64% costlier
Linguistics Bachelor's Degree 8 18% costlier
Psychology, General Bachelor's Degree 8 44% costlier
Engineering Science Bachelor's Degree 8 22% costlier
Political Science and Government, General Bachelor's Degree 8 39% costlier
Chemistry, General Bachelor's Degree 8 39% costlier
Mathematics Teacher Education Bachelor's Degree 8 62% costlier
English Language and Literature, General Bachelor's Degree 7 44% costlier
Mass Communication/Media Studies Bachelor's Degree 7 52% costlier
Biochemistry Bachelor's Degree 6 24% costlier
Athletic Training/Trainer Bachelor's Degree 6 52% costlier
Physics, General Bachelor's Degree 6 32% costlier
Finance, General Bachelor's Degree 6 54% costlier
Art History, Criticism and Conservation Bachelor's Degree 5 18% costlier
Marketing/Marketing Management, General Bachelor's Degree 5 57% costlier
Science Teacher Education/General Science Teacher Education Bachelor's Degree 5 68% costlier
Art Teacher Education Bachelor's Degree 5 58% costlier
Electrical and Electronics Engineering Bachelor's Degree 5 37% costlier
Sociology Bachelor's Degree 4 40% costlier
International/Global Studies Bachelor's Degree 4 32% costlier
Social Sciences, General Bachelor's Degree 4 51% costlier
Forensic Science and Technology Bachelor's Degree 4 52% costlier
Multi-/Interdisciplinary Studies, Other Bachelor's Degree 4 38% costlier
History, General Bachelor's Degree 4 41% costlier
Area Studies, Other Bachelor's Degree 3 15% costlier
Health Teacher Education Bachelor's Degree 3 61% costlier
Philosophy Bachelor's Degree 3 28% costlier
Humanities/Humanistic Studies Bachelor's Degree 3 35% costlier
Teacher Education and Professional Development, Specific Subject Areas, Other Bachelor's Degree 3 55% costlier
Foreign Language Teacher Education Bachelor's Degree 3 49% costlier
Business Administration and Management, General Bachelor's Degree 3 68% costlier
Geography Bachelor's Degree 2 55% costlier
Religion/Religious Studies Bachelor's Degree 2 22% costlier
Accounting Bachelor's Degree 2 55% costlier
Environmental Studies Bachelor's Degree 2 19% costlier
Liberal Arts and Sciences, General Studies and Humanities, Other Bachelor's Degree 2 37% costlier
Asian Studies/Civilization Bachelor's Degree 2 11% costlier
Radio, Television, and Digital Communication, Other Bachelor's Degree 2 41% costlier
Speech Communication and Rhetoric Bachelor's Degree 2 45% costlier
Industrial Engineering Bachelor's Degree 2 44% costlier
HEALTH PROFESSIONS AND RELATED PROGRAMS Bachelor's Degree 2 49% costlier
Economics, General Bachelor's Degree 2 30% costlier
German Language and Literature Bachelor's Degree 2 24% costlier
Dance, General Bachelor's Degree 2 28% costlier
East Asian Studies Bachelor's Degree 2 3% costlier
Fine/Studio Arts, General Bachelor's Degree 2 34% costlier
Early Childhood Education and Teaching Bachelor's Degree 1 64% costlier
Econometrics and Quantitative Economics Bachelor's Degree 1 12% costlier
French Language and Literature Bachelor's Degree 1 26% costlier
Entrepreneurship/Entrepreneurial Studies Bachelor's Degree 1 45% costlier
Computer Engineering, General Bachelor's Degree 1 37% costlier
Spanish Language and Literature Bachelor's Degree 1 35% costlier
Drama and Dramatics/Theatre Arts, General Bachelor's Degree 1 37% costlier
Computer Science Bachelor's Degree 1 38% costlier
Journalism Bachelor's Degree 1 49% costlier
American/United States Studies/Civilization Bachelor's Degree 1 12% costlier
Radio and Television Bachelor's Degree 1 50% costlier
Biology/Biological Sciences, General Bachelor's Degree 1 43% costlier
Italian Language and Literature Bachelor's Degree 1 12% costlier
Women's Studies Bachelor's Degree 1 22% costlier
Classics and Classical Languages, Literatures, and Linguistics Bachelor's Degree 1 11% costlier
Mechanical Engineering Bachelor's Degree 1 37% costlier

Calculators

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

Prepayment Option

About Hofstra University

Hofstra University is a four year private college located in Hempstead, New York.  Full time enrollment is 9,522 and part time is 1,934.  For the 2011/2012 school year, the school received 21,376 applicants. 12,576 were admitted and 1,675 enrolled.

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

Address
Hofstra University
100 Hofstra University
Hempstead, New York
11549

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Hofstra University is a private not for profit institution.

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