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Annual Costs

Undergraduate Tuition

Tuition for ITT Technical Institute Waco is $17,748 for the 2015/2016 academic year. This is 16% more expensive than the national average private for-profit four year college tuition of $15,271. The cost is 17% more expensive than the average Texas tuition of $15,167 for 4 year colleges. Tuition ranks 69th in Texas amongst 4 year colleges for affordability and is the 40th most expensive 4 year college in the state. Price does not vary by residence.

The school charges an additional fees of $300 in addition to tuition bringing the total effective in-state tuition to $18,048.

Housing Costs

ITT Technical Institute Waco doesn't offer on campus housing. If you're not living with family you will need to budget for food and housing in the Waco area just like you would for a college with dorms. The estimated rent and meal expense per academic year for off campus housing is $7,737.

Books and Supplies

The estimated annual cost for books and supplies is $0.

Other Living Expenses

Off-campus students should budget for $4,625 in other miscellaneous living expenses.

Total Costs

The annual tuition and living expense budget to go to ITT Technical Institute-Waco was $30,410 for the 2015/2016 academic year. The cost is the same for all students regardless of Texas residence status as there is no in-state discount. Students residing at home with parents providing food and housing can expect a total cost of $22,673.

Citation: Price data from the U.S. Department of Education's 2016-2017 and 2015-2016 IPEDS survey response for ITT Technical Institute Waco and represent reported costs for the 2016-2017 and 2015-2016 academic years.

Costs and Tuition for ITT Technical Institute Waco
Estimated Budgets
Texas Resident Total Budget (Living Off Campus)$30,410
   In-State Tuition$17,748
   Other Fees$300
   Off-Campus Housing Budget$7,737
   Off-Campus Other Budget$4,625
   Books and Supplies$0
Texas Resident Total Budget (Living with Parents)$22,673
   In-State Tuition$17,748
   Other Fees$300
   Family Provided Room and Board$0
   With-Family Other Living Budget$4,625
   Books and Supplies$0
Non-Resident Total Budget (Living Off Campus)$30,410
   Out-of-State Tuition$17,748
   Other Fees$300
   Off-Campus Housing Budget$7,737
   Off-Campus Other Budget$4,625
   Books and Supplies$0

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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 $30,410 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 ITT Technical Institute-Waco net price for in-state students is $24,194* for the 2014/2015 academic year. This net price includes housing and meal expenses.

Pell Grants and other Grant Aid

84% of ITT Technical Institute Waco students received grant aid in 2014/2015. The average total aid amount was $5,248. 84 percent of students received aid in the form of Pell Grants from the U.S. Federal Government. The average Pell Grant awarded for 2014/2015 was $5,162. To apply for a Pell Grant to attend ITT Technical Institute Waco, the first step is to fill out the Free Application for Federal Student Aid (FAFSA).

Net Price and Financial Aid for ITT Technical Institute Waco
Financial Aid Summary
Average Annual Net Price$24,194*
Percent of Students Receiving Grant Aid84%
Average Total Grant Aid$5,248
Percent of Students Receiving Pell Grants84%
Average Amount of Pell Grant Aid$5,162

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 published for the 2014/2015 academic year.

Family Income Avg. Net Price
$0 to $30,000$24,155
$30,001 to $48,000$27,249
$48,001 to $75,000$24,026
$75,001 to $110,000$29,265
$110,000+n/a

Average Financial Aid Mix - $30,410 In-State Total Cost

CollegeCalc has estimated typical coverage of the annual in-state tuition and living expenses of $30,410. Breakdown is based on average grant aid and federal loan aid which will vary based on your family income.

20%
31%
49%

Grants and Scholarships

 20% - $5,248

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

Federal Loans

 31% - $7,974

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

Out of Pocket

 49% -  $12,563

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 Academic Year 2014-2015 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.

Tuition Comparison to Similar Private Colleges in the Region

School Cost vs. ITT Technical Institute Waco
ITT Technical Institute DeSoto0% less expensive
The Art Institute of Austin1% less expensive
National American University Austin24.3% less expensive
University of Phoenix Austin Campus41.3% less expensive
ITT Technical Institute Arlington0% less expensive

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 ITT Technical Institute Waco.

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 ITT Technical Institute-Waco is $121,640 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.

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 $152,050 or $0 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 2014-2015 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 ITT Technical Institute Waco 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 ITT Technical Institute Waco
Price per credit hour$493
Cost for one class (3 credit hours)$1,479
Cost for one class (4 credit hours)$1,972

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Estimated Future Cost and Expected Tuition Increase

What will it cost to send your child to ITT Technical Institute Waco 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 $121,640.00. 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 Waco.

Annual4 Year Degree
Estimated Cost in 5 years for students enrolling in 2023$41,821$167,283
Estimated Cost in 10 years for students enrolling in 2028$53,375$213,501
Estimated Cost in 15 years for students enrolling in 2033 $68,122$272,487
Estimated Cost in 18 years for students enrolling in 2036 $78,859$315,438

Calculators

Use the calculators below to formulate a college savings plan for ITT Technical Institute Waco 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 ITT Technical Institute Waco 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 ITT Technical Institute Waco student loan.

Prepayment Option

About ITT Technical Institute Waco

ITT Technical Institute Waco is a four year private college located in Waco, Texas.  Full time enrollment is 94 and part time is 18.

Only undergraduate degrees are offered at this school.

Address
ITT Technical Institute Waco
3700 S. Jack Kultgen Expressway- Suite 100
Waco, Texas
76706-0000

For Profit / Not For Profit Status

ITT Technical Institute Waco is a private, for profit school.

ITT Technical Institute Waco cost and financial aid data source: U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=470898 IPEDS survey data.