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Annual Costs

Undergraduate Tuition

Tuition for Butler University is $40,160 for the 2018/2019 academic year. This is 41% more expensive than the national average private non-profit four year college tuition of $28,471. The cost is 90% more expensive than the average Indiana tuition of $21,140 for 4 year colleges. Tuition ranks 59th in Indiana amongst 4 year colleges for affordability and is the 7th most expensive 4 year college in the state. Price does not vary by residence.

The school charges an additional fees of $960 in addition to tuition bringing the total effective in-state tuition to $41,120.

Housing Costs

On campus room and board is provided by the school at a cost of $14,690 per academic year. Students electing to live off campus elsewhere in Indianapolis should budget at least this amount.

Books and Supplies

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

Other Living Expenses

If living on-campus, students should budget for $2,850 in additional living expenses. Off-campus students should budget for $2,850 in other miscellaneous living expenses.

Total Costs

The annual tuition and living expense budget to go to Butler was $59,660 for the 2018/2019 academic year. The cost is the same for all students regardless of Indiana residence status as there is no in-state discount.

Citation: Price data from the U.S. Department of Education's 2018-2019 and 2017-2018 IPEDS survey response for Butler University and represent reported costs for the 2016-2017 and 2015-2016 academic years.

Costs and Tuition for Butler University
Estimated Budgets
Indiana Resident Total Budget $59,660
   In-State Tuition$40,160
   Other Fees$960
   Room and Board$14,690
   On-Campus Other Budget$2,850
   Books and Supplies$1,000
Non-Resident Total Budget $59,660
   Out-of-State Tuition$40,160
   Other Fees$960
   Room and Board$14,690
   On-Campus Other Budget$2,850
   Books and Supplies$1,000

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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 $59,660 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 Butler net price for in-state students is $38,051* for the 2014/2015 academic year. This net price includes housing and meal expenses.

Pell Grants and other Grant Aid

96% of Butler University students received grant aid in 2014/2015. The average total aid amount was $16,348. 14 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 $4,031. To apply for a Pell Grant to attend Butler University, the first step is to fill out the Free Application for Federal Student Aid (FAFSA).

Net Price and Financial Aid for Butler University
Financial Aid Summary
Average Annual Net Price$38,051*
Percent of Students Receiving Grant Aid96%
Average Total Grant Aid$16,348
Percent of Students Receiving Pell Grants14%
Average Amount of Pell Grant Aid$4,031

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$29,547
$30,001 to $48,000$31,617
$48,001 to $75,000$32,246
$75,001 to $110,000$36,067
$110,000+$39,371

Average Financial Aid Mix - $59,660 In-State Total Cost

CollegeCalc has estimated typical coverage of the annual in-state tuition and living expenses of $59,660. Breakdown is based on average grant aid and federal loan aid which will vary based on your family income.

29%
10%
61%

Grants and Scholarships

 29% - $16,348

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

Federal Loans

 10% - $5,761

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

Out of Pocket

 61% -  $34,701

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.

Is it Worth the Cost?

To make a comparative assessment if Butler 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 74/100 for Butler University. Considering an average net price paid of $29,032, this leads to an overall value ranking of 49/100. This places the school 206th on our national Best Value Colleges ranking as a provider of a very high value education compared to actual overall price paid.

Tuition Comparison to Similar Private Colleges in the Region

School Cost vs. Butler University
Wabash College6.6% more expensive
Earlham College13.3% more expensive
Rose Hulman Institute of Technology16.1% more expensive
University of Dayton6.8% more expensive
Goshen College16.1% 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 Butler 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 Butler is $238,640 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.

A potentially more accurate but less conservative estimate of a degree cost can be made by using the school's annual $29,032 in-state net price as the basis. Applying this cost over 4 would estimate the cost of a degree at $116,128**

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 $298,300 or $145,160 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

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 Butler University.

Indiana Resident Tuition Per Semester$20,080
Indiana Resident Total Cost Per Semester$29,830

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 Butler 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 Butler University
Price per credit hour$1,670
Cost for one class (3 credit hours)$5,010
Cost for one class (4 credit hours)$6,680

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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. 55% of Butler University students receive U.S. Federal Student Loans with an average annual Federal Loan aid amount of $5,761.

Example Loan Payments and Costs

How much are student loan payments for Butler 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 $116,128, 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 $144,088.22. This could be your effective total out of pocket cost of an education at Butler University. Note that this calculation assumes you don't pay full list price tuition, are part of the reported 96% of students at this school who receive financial aid and you are paying an average annual net price of $29,032. If you do not financially qualify for a reduced net price, your student loan payments could be significantly higher than this example. Use our Butler 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.

Butler University Student Loan Payments
Example Payments
Monthly Loan Payment$1,200.74
Amount Borrowed$116,128.00
Interest Rate4.5%
Term10 years
Number of Monthly Payments120
Total Interest Cost$27,960.22
Sum of All Payments over 10 years$144,088.22

Affording Student Loan Payments and Post Graduation Salary

Can I afford to attend Butler? 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 Butler 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 $144,088.22 would be needed to afford a $1,200.74 monthly payment in the example $116,128.00 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 Butler University in the future? In the past four years, this school's published in-state tuition and fee total rose from $32,280 to $40,160. This amounts to an average annual price increase of 4.9%. 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 $238,640.00. 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 Butler University.

Annual4 Year Degree
Estimated Cost in 5 years for students enrolling in 2025$82,046$328,186
Estimated Cost in 10 years for students enrolling in 2030$104,714$418,857
Estimated Cost in 15 years for students enrolling in 2035 $133,645$534,580
Estimated Cost in 18 years for students enrolling in 2038 $154,711$618,843

Tuition History

What was tuition at Butler 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 in the past as it provides indication as to how the school may raise tuition in the next few years. Historical tuition and fees for all available data years back to 1987 follows.

YearTuitionAnnual Increase
2012$31,1104.6%
2011$29,7401.7%
2010$29,2463.5%
2009$28,2665.4%
2008$26,8065.5%
2007$25,4146.9%
2006$23,7745.7%
2005$22,4846%
2004$21,2105.1%
2003$20,1905.5%
2002$19,1304.9%
2001$18,2305%
2000$17,3606.6%
1999$16,2804.6%
1998$15,5704.5%
1997$14,9006.5%
1996$13,9906.5%
1995$13,1306.9%
1994$12,2808.3%
1993$11,3408%
1992$10,5008%
1991$9,72010.2%
1990$8,82425.8%
1989$7,016-4.8%
1988$7,3687.3%
1987$6,864

Calculators

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

Prepayment Option

About Butler University

Butler University is a four year private college located in Indianapolis, Indiana.  Full time enrollment is 4,955 and part time is 540. Learn more about getting accepted at Butler University at CollegeSimply.

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

Address
Butler University
4600 Sunset Ave
Indianapolis, Indiana
46208

For Profit / Not For Profit Status

Butler University is a private not for profit institution.

Butler University cost and financial aid data source: U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=150163 IPEDS survey data.