Tuition and Cost to Attend Independence University

Annual Total Cost

The annual total list price cost to go to Independence University was $24,078 for the 2013/2014 academic year. The cost is the same for all students regardless of Utah 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 $15,728.

Undergraduate Tuition

Tuition for Independence University is $15,728 for the 2013/2014 academic year. This is 4% more expensive than the national average private for-profit four year college tuition of $15,105. The cost is $2,748 and 21% more expensive than the average Utah tuition of $12,980 for 4 year colleges. Tuition ranks 20th in Utah amongst 4 year colleges for affordability and is the 9th most expensive 4 year college in the state. Price does not vary by residence.

Housing Costs

Independence University doesn't offer on campus housing. If you're not living with family you will need to budget for food and housing in the Salt Lake City area just like you would for a college with dorms. The estimated rent and meal expense per academic year for off campus housing is $8,350.

Books and Supplies

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

Costs and Tuition for Independence University
Expenditure Price
Utah Resident Total Cost (Off Campus Housing)$24,078
   In-State Tuition$15,728
   Other Fees$0
   Off-Campus Housing Estimate$8,350
   Books and Supplies$0
Utah Resident Total Cost (Living with Parents)$15,728
   In-State Tuition$15,728
   Other Fees$0
   Family Provided Room and Board$0
   Books and Supplies$0
Non-Resident Total Cost (Off Campus Housing)$24,078
   Out-of-State Tuition$15,728
   Other Fees$0
   Off-Campus Housing Estimate$8,350
   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.

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 $24,078 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 Independence University net price for in-state students receiving aid was $17,338* for the 2010/2011 academic year. This net price includes housing and meal expenses.

Pell Grants and other Grant Aid

61% of Independence University students received grant aid in 2010/2011. The average total aid amount was $5,558. 55 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 $4,504. To apply for a Pell Grant to attend Independence University, the first step is to fill out the Free Application for Federal Student Aid (FAFSA).

Net Price and Financial Aid for Independence University
Financial Aid Summary
Average Annual Net Price$17,338*
Percent of Students Receiving Grant Aid61%
Average Total Grant Aid$5,558
Percent of Students Receiving Pell Grants55%
Average Amount of Pell Grant Aid$4,504

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$18,827
$30,001 to $48,000$18,819
$48,001 to $75,000$18,819
$75,001 to $110,000$18,819
$110,000+$18,468

Average Financial Aid Mix - $24,078 In-State Total Cost

CollegeCalc has estimated typical coverage of the annual in-state tuition and living expenses of $24,078. Breakdown is based on average grant aid and federal loan aid which will vary based on your family income.

23%
32%
45%

Grants and Scholarships

 23% - $5,558

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

Federal Loans

 32% - $7,803

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

Out of Pocket

 45% -  $10,717

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.


Tuition Comparison to Academically Similar Schools in the Region

School Cost vs. Independence University
Broadview University West Jordan14.2% less expensive
Eagle Gate College Murray1.9% less expensive
ITT Technical Institute Murray12.8% more expensive
University of Phoenix Utah Campus33.5% less expensive
Stevens Henager College Murray37.3% more 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 Independence 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 Independence University is $96,312 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 $17,338 in-state net price as the basis. Applying this cost over 4 would estimate the cost of a degree at $69,352**

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 $120,390 or $86,690 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



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. 82% of Independence University students receive U.S. Federal Student Loans with an average annual Federal Loan aid amount of $7,803.

Example Loan Payments and Costs

How much are student loan payments for Independence 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 $69,352, 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 $86,893.68. This could be your effective total out of pocket cost of an education at Independence University. Note that this calculation assumes you don't pay full list price tuition, are part of the reported 61% of students at this school who receive financial aid and you are paying an average annual net price of $17,338. If you do not financially qualify for a reduced net price, your student loan payments could be significantly higher than this example. Use our Independence 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.

Independence University Student Loan Payments
Example Payments
Monthly Loan Payment$724.11
Amount Borrowed$69,352.00
Interest Rate4.7%
Term10 years
Number of Monthly Payments120
Total Interest Cost$17,541.68
Sum of All Payments over 10 years$86,893.68

Affording Student Loan Payments and Post Graduation Salary

Can I afford to attend Independence 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 Independence 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 $86,893.68 would be needed to afford a $724.11 monthly payment in the example $69,352.00 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 Independence University 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 $96,312.00. 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 Independence University.

Annual4 Year Degree
Estimated Cost in 5 years for students enrolling in 2019$33,113$132,451
Estimated Cost in 10 years for students enrolling in 2024$42,261$169,045
Estimated Cost in 15 years for students enrolling in 2029 $53,937$215,749
Estimated Cost in 18 years for students enrolling in 2032 $62,439$249,757

Comparable Cost for Popular Majors

We've compared the out of state cost of the most popular undergraduate areas of study at Independence University to the national average for all other colleges offering the same major. Use this comparison to determine particular programs where this school offers value relative to other colleges.

Area of Study Graduates vs National Avg
Respiratory Care Therapy/Therapist Associate's Degree 136 35% costlier
Health Services Administration Bachelor's Degree 18 21% cheaper
Medical/Health Management and Clinical Assistant/Specialist Associate's Degree 17 27% costlier
Nursing Administration Bachelor's Degree 5 20% cheaper
Business Administration and Management, General Associate's Degree 4 20% costlier

Calculators

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

Prepayment Option

About Independence University

Independence University is a four year private college located in Salt Lake City, Utah.  Full time enrollment is 203 and part time is 0.  Independence University has an open admission policy meaning that any prospective student who has completed high school or attained a GED certificate may enroll in classes.

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

Address
Independence University
4021 S 700 E Ste 400
Salt Lake City, Utah
84107

For Profit / Not For Profit Status

Independence University is a private, for profit school.