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Annual Costs

Undergraduate Tuition

Tuition for Sullivan University is $11,520 for the 2018/2019 academic year. This is 20% cheaper than the national average private for-profit four year college tuition of $14,406. The cost is 36% cheaper than the average Kentucky tuition of $17,935 for 4 year colleges. Tuition ranks 16th in Kentucky amongst 4 year colleges for affordability and is the 29th most expensive 4 year college in the state. Price does not vary by residence.

The school charges an additional fees of $1,350 in addition to tuition bringing the total effective in-state tuition to $12,870.

Housing Costs

On campus room and board is provided by the school at a cost of $10,485 per academic year. Students electing to live off campus elsewhere in Louisville should budget at least this amount.

Books and Supplies

The estimated annual cost for books and supplies is $1,800.

Other Living Expenses

If living on-campus, students should budget for $3,889 in additional living expenses. Off-campus students should budget for $7,395 in other miscellaneous living expenses.

Total Costs

The annual tuition and living expense budget to go to Sullivan University was $29,044 for the 2018/2019 academic year. The cost is the same for all students regardless of Kentucky 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 Sullivan University and represent reported costs for the 2016-2017 and 2015-2016 academic years.

Costs and Tuition for Sullivan University
Estimated Budgets
Kentucky Resident Total Budget $29,044
   In-State Tuition$11,520
   Other Fees$1,350
   Room and Board$10,485
   On-Campus Other Budget$3,889
   Books and Supplies$1,800
Non-Resident Total Budget $29,044
   Out-of-State Tuition$11,520
   Other Fees$1,350
   Room and Board$10,485
   On-Campus Other Budget$3,889
   Books and Supplies$1,800

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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 $29,044 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 Sullivan University net price for in-state students is $25,843* for the 2014/2015 academic year. This net price includes housing and meal expenses.

Pell Grants and other Grant Aid

93% of Sullivan University students received grant aid in 2014/2015. The average total aid amount was $6,504. 71 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 $4,021. To apply for a Pell Grant to attend Sullivan University, the first step is to fill out the Free Application for Federal Student Aid (FAFSA).

Net Price and Financial Aid for Sullivan University
Financial Aid Summary
Average Annual Net Price$25,843*
Percent of Students Receiving Grant Aid93%
Average Total Grant Aid$6,504
Percent of Students Receiving Pell Grants71%
Average Amount of Pell Grant Aid$4,021

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$28,840
$30,001 to $48,000$24,315
$48,001 to $75,000$31,856
$75,001 to $110,000n/a
$110,000+n/a

Average Financial Aid Mix - $29,044 In-State Total Cost

CollegeCalc has estimated typical coverage of the annual in-state tuition and living expenses of $29,044. Breakdown is based on average grant aid and federal loan aid which will vary based on your family income.

26%
38%
36%

Grants and Scholarships

 26% - $6,504

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

Federal Loans

 38% - $9,566

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

Out of Pocket

 36% -  $9,085

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. Sullivan University
Brown Mackie College Louisville2.2% more expensive
Daymar College Louisville56.2% more expensive
University of Phoenix Louisville Campus17.7% less expensive
DeVry University Kentucky37.5% more expensive
Daymar College Online47.6% 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 Sullivan 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 Sullivan University is $116,176 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 $25,260 in-state net price as the basis. Applying this cost over 4 would estimate the cost of a degree at $101,040**

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 $145,220 or $126,300 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 Sullivan 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 Sullivan University
Price per credit hour$320
Cost for one class (3 credit hours)$960
Cost for one class (4 credit hours)$1,280

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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. 81% of Sullivan University students receive U.S. Federal Student Loans with an average annual Federal Loan aid amount of $9,566.

Example Loan Payments and Costs

How much are student loan payments for Sullivan 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 $101,040, 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 $125,367.47. This could be your effective total out of pocket cost of an education at Sullivan University. Note that this calculation assumes you don't pay full list price tuition, are part of the reported 93% of students at this school who receive financial aid and you are paying an average annual net price of $25,260. If you do not financially qualify for a reduced net price, your student loan payments could be significantly higher than this example. Use our Sullivan 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.

Sullivan University Student Loan Payments
Example Payments
Monthly Loan Payment$1,044.73
Amount Borrowed$101,040.00
Interest Rate4.5%
Term10 years
Number of Monthly Payments120
Total Interest Cost$24,327.47
Sum of All Payments over 10 years$125,367.47

Affording Student Loan Payments and Post Graduation Salary

Can I afford to attend Sullivan 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 Sullivan 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 $125,367.47 would be needed to afford a $1,044.73 monthly payment in the example $101,040.00 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 Sullivan 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 $116,176.00. 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 Sullivan University.

Annual4 Year Degree
Estimated Cost in 5 years for students enrolling in 2025$39,942$159,769
Estimated Cost in 10 years for students enrolling in 2030$50,978$203,910
Estimated Cost in 15 years for students enrolling in 2035 $65,062$260,247
Estimated Cost in 18 years for students enrolling in 2038 $75,317$301,268

Tuition History

What was tuition at Sullivan 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 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$16,9802.9%
2011$16,5001.9%
2010$16,2004.2%
2009$15,5403.6%
2008$15,0005.2%
2007$14,2657%
2006$13,3351.3%
2005$13,16511.9%
2004$11,7606,155.3%
2003$188-74.5%
2002$738-92.9%
2001$10,4305.1%
2000$9,9257.4%
1999$9,2403.4%
1998$8,9404.9%
1997$8,5204.4%
1996$8,1605.4%
1995$7,7407.5%
1994$7,20011.1%
1993$6,4804.9%
1992$6,1806.2%
1991$5,8206%
1990$5,490

Comparable Cost for Popular Majors

We've compared the out of state cost of the most popular undergraduate areas of study at Sullivan 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
Culinary Arts/Chef Training Associate's Degree 117 42% costlier
Business, Management, Marketing, and Related Support Services, Other Associate's Degree 110 23% costlier
Computer Technology/Computer Systems Technology Bachelor's Degree 58 22% cheaper
Baking and Pastry Arts/Baker/Pastry Chef Associate's Degree 51 19% costlier
Legal Assistant/Paralegal Associate's Degree 48 43% costlier
Human Resources Management/Personnel Administration, General Bachelor's Degree 46 17% cheaper
Accounting Associate's Degree 41 43% costlier
System, Networking, and LAN/WAN Management/Manager Associate's Degree 37 60% costlier
Finance, General Bachelor's Degree 33 22% cheaper
Health Services Administration Bachelor's Degree 28 13% cheaper
Computer Installation and Repair Technology/Technician Associate's Degree 27 41% costlier
Hospitality Administration/Management, General Bachelor's Degree 23 20% cheaper
Tourism and Travel Services Management Associate's Degree 21 38% costlier
Early Childhood Education and Teaching Associate's Degree 19 53% costlier
Medical Office Management/Administration Associate's Degree 17 50% costlier
Medical/Clinical Assistant Associate's Degree 16 43% costlier
Marketing, Other Associate's Degree 16 17% costlier
Criminal Justice/Safety Studies Associate's Degree 13 51% costlier
Office Management and Supervision Associate's Degree 12 56% costlier
Logistics, Materials, and Supply Chain Management Associate's Degree 9 62% costlier
Restaurant, Culinary, and Catering Management/Manager Associate's Degree 5 40% costlier
Legal Administrative Assistant/Secretary Associate's Degree 2 54% costlier
Computer Systems Analysis/Analyst Bachelor's Degree 1 1% costlier

Calculators

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

Prepayment Option

About Sullivan University

Sullivan University is a four year private college located in Louisville, Kentucky.  Full time enrollment is 2,367 and part time is 1,208.  Sullivan 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. Learn more about Sullivan University at CollegeSimply.

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

Address
Sullivan University
3101 Bardstown Rd
Louisville, Kentucky
40205-3013

For Profit / Not For Profit Status

Sullivan University is a private, for profit school.

Sullivan University cost and financial aid data source: U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=157793 IPEDS survey data.