Quantcast

Annual Costs

Undergraduate Tuition

Tuition for Pennsylvania Institute of Health and Technology is $10,962 for the 2018/2019 academic year. This is 21% cheaper than the national average private for-profit two year college tuition of $13,846. The cost is 15% cheaper than the average Pennsylvania tuition of $12,962 for 2 year colleges. Tuition ranks 26th in Pennsylvania amongst 2 year colleges for affordability and is the 33rd most expensive 2 year college in the state. Price does not vary by residence.

The school charges an additional fees of $1,330 in addition to tuition bringing the total effective in-state tuition to $12,292.

Housing Costs

Pennsylvania Institute of Health and Technology doesn't offer on campus housing. If you're not living with family you will need to budget for food and housing in the Mount Braddock area just like you would for a college with dorms. The estimated rent and meal expense per academic year for off campus housing is $6,285.

Books and Supplies

The estimated annual cost for books and supplies is $433.

Other Living Expenses

Off-campus students should budget for $3,692 in other miscellaneous living expenses.

Total Costs

The annual tuition and living expense budget to go to Pennsylvania Institute of Health and Technology was $22,702 for the 2018/2019 academic year. The cost is the same for all students regardless of Pennsylvania 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 $16,837.

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

Costs and Tuition for Pennsylvania Institute of Health and Technology
Estimated Budgets
Pennsylvania Resident Total Budget (Living Off Campus)$22,702
   In-State Tuition$10,962
   Other Fees$1,330
   Off-Campus Housing Budget$6,285
   Off-Campus Other Budget$3,692
   Books and Supplies$433
Pennsylvania Resident Total Budget (Living with Parents)$16,837
   In-State Tuition$10,962
   Other Fees$1,330
   Family Provided Room and Board$0
   With-Family Other Living Budget$4,112
   Books and Supplies$433
Non-Resident Total Budget (Living Off Campus)$22,702
   Out-of-State Tuition$10,962
   Other Fees$1,330
   Off-Campus Housing Budget$6,285
   Off-Campus Other Budget$3,692
   Books and Supplies$433

Advertisement

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 $22,702 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 Pennsylvania Institute of Health and Technology net price for in-state students is $15,241* for the 2014/2015 academic year. This net price includes housing and meal expenses.

Pell Grants and other Grant Aid

96% of Pennsylvania Institute of Health and Technology students received grant aid in 2014/2015. The average total aid amount was $7,031. 82 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 $5,722. To apply for a Pell Grant to attend Pennsylvania Institute of Health and Technology, the first step is to fill out the Free Application for Federal Student Aid (FAFSA).

Net Price and Financial Aid for Pennsylvania Institute of Health and Technology
Financial Aid Summary
Average Annual Net Price$15,241*
Percent of Students Receiving Grant Aid96%
Average Total Grant Aid$7,031
Percent of Students Receiving Pell Grants82%
Average Amount of Pell Grant Aid$5,722

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$14,383
$30,001 to $48,000$15,266
$48,001 to $75,000$22,272
$75,001 to $110,000$22,272
$110,000+$22,272

Average Financial Aid Mix - $22,702 In-State Total Cost

CollegeCalc has estimated typical coverage of the annual in-state tuition and living expenses of $22,702. Breakdown is based on average grant aid and federal loan aid which will vary based on your family income.

37%
26%
37%

Grants and Scholarships

 37% - $7,031

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

Federal Loans

 26% - $5,029

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

Out of Pocket

 37% -  $6,950

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. Pennsylvania Institute of Health and Technology
Laurel Business Institute12.4% less expensive
Douglas Education Center71.8% more expensive
Triangle Tech Inc Greensburg53.8% more expensive
West Virginia Junior College Morgantown6.5% more expensive
Penn Commercial Business/Technical School54.1% more expensive

Cost of a Degree

Being a school offering two year programs, prospective students should consider the multi year outlay when budgeting the cost for two years at Pennsylvania Institute of Health and Technology.

Estimated 2 Year Cost at Published Tuition

At the current published rates, an estimated total tuition, fees and living expense price for a 2 year associate degree at Pennsylvania Institute of Health and Technology is $45,404 for students graduating in normal time. This methodology for estimating the 2 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 $14,451 in-state net price as the basis. Applying this cost over 2 would estimate the cost of a degree at $28,902**

**Based on a 2 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

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. 89% of Pennsylvania Institute of Health and Technology students receive U.S. Federal Student Loans with an average annual Federal Loan aid amount of $5,029.

Example Loan Payments and Costs

How much are student loan payments for Pennsylvania Institute of Health and Technology? 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 $28,902, 100% of the estimated average net price for a two year program and paid nothing while enrolled. The total of all payments including interest would sum $35,860.75. This could be your effective total out of pocket cost of an education at Pennsylvania Institute of Health and Technology. 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 $14,451. If you do not financially qualify for a reduced net price, your student loan payments could be significantly higher than this example. Use our Pennsylvania Institute of Health and Technology 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.

Pennsylvania Institute of Health and Technology Student Loan Payments
Example Payments
Monthly Loan Payment$298.84
Amount Borrowed$28,902.00
Interest Rate4.5%
Term10 years
Number of Monthly Payments120
Total Interest Cost$6,958.75
Sum of All Payments over 10 years$35,860.75

Affording Student Loan Payments and Post Graduation Salary

Can I afford to attend Pennsylvania Institute of Health and Technology? 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 Pennsylvania Institute of Health and Technology, 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 $35,860.75 would be needed to afford a $298.84 monthly payment in the example $28,902.00 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 Pennsylvania Institute of Health and Technology 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 2 year degree assuming tuition increases at the national average rate. Estimated future prices are based on the current 2 year cost of $45,404.00. 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 Pennsylvania Institute of Health and Technology.

Annual2 Year Degree
Estimated Cost in 5 years for students enrolling in 2025$29,698$59,397
Estimated Cost in 10 years for students enrolling in 2030$37,904$75,807
Estimated Cost in 15 years for students enrolling in 2035 $48,376$96,751
Estimated Cost in 18 years for students enrolling in 2038 $56,001$112,002

Calculators

Use the calculators below to formulate a college savings plan for Pennsylvania Institute of Health and Technology 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 Pennsylvania Institute of Health and Technology 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 Pennsylvania Institute of Health and Technology student loan.

Prepayment Option

About Pennsylvania Institute of Health and Technology

Pennsylvania Institute of Health and Technology is a two year private college located in Mount Braddock, Pennsylvania.  Full time enrollment is 88 and part time is 0.  Pennsylvania Institute of Health and Technology 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 Pennsylvania Institute of Health and Technology at CollegeSimply.

Only undergraduate degrees are offered at this school.

Address
Pennsylvania Institute of Health and Technology
Mount Braddock Road
Mount Braddock, Pennsylvania
15465

For Profit / Not For Profit Status

Pennsylvania Institute of Health and Technology is a private, for profit school.

Pennsylvania Institute of Health and Technology cost and financial aid data source: U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=261861 IPEDS survey data.