Understanding Rose-Hulman Institute of Technology Tuition and Costs
Rose-Hulman Institute of Technology, located in west central Indiana, is renowned for its strong science, technology, engineering, and math (STEM) programs. For over two decades, it has consistently been ranked among the top institutions in the nation. This article provides a detailed breakdown of the costs associated with attending Rose-Hulman, including tuition, fees, financial aid options, and projected expenses.
The Sticker Price vs. Net Price
The sticker price, which includes tuition and fees, at Rose-Hulman Institute of Technology is $58,200. This is more expensive than the national average cost of tuition of $47,097. It's important to note that the sticker price doesn't represent what most students actually pay. The total cost, which includes the sticker price, plus the cost of food and housing, books and supplies, transportation, and personal expenses, amounts to $77,214.
The average net price, which is the cost of attendance minus grants and scholarships, is a more accurate reflection of what students pay. The average net price at Rose-Hulman is $44,016 per year. This figure is specific to each student's personal circumstances and the college's financial aid policies. For the most accurate estimate, students should use the college's Net Price calculator.
Projected Costs
This year, it is projected that on average students will pay $48,865, while the advertised price of attendance is $82,404. That’s a difference of $33,538.
Historical Net Price
| Year | Net Price | Sticker Price |
|---|---|---|
| 25-26 | $48,865 | $82,404 |
| 24-25 | $47,508 | $80,115 |
| 23-24 | $46,189 | $77,890 |
| 22-23 | $44,016 | $74,226 |
| 21-22 | $41,678 | $72,651 |
| 20-21 | $39,294 | $71,664 |
| 19-20 | $43,606 | $70,401 |
| 18-19 | $45,356 | $67,697 |
| 17-18 | $44,063 | $65,031 |
| 16-17 | $41,536 | $62,503 |
| 15-16 | $41,691 | $60,801 |
| 14-15 | $40,198 | $58,740 |
| 13-14 | $38,429 | $57,138 |
Breaking Down Other Costs
Beyond tuition and fees, students should budget for other expenses:
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- Books and Supplies: $1,500 per year
- Personal Expenses: $5,040 per year
- Transportation: Varies
Understanding Financial Aid at Rose-Hulman
Rose-Hulman administers a broad array of financial aid programs, including academic scholarships/grants, loans and student jobs to assist in meeting a student's demonstrated financial need. Financial need is the difference between the estimated cost of attendance of the school year and the estimated family contribution. Because several factors in this evaluation are subject to change from one year to the next, this evaluation is made annually for each student who chooses to apply for financial aid.
Financial aid can include grants, loans, scholarships, and work-study jobs. Financial aid packages vary depending on a student's financial need, which most colleges determine based on the FAFSA (Free Application for Federal Student Aid).
Key Financial Aid Statistics
- Students Receiving Financial Aid: 50.95%
- Freshmen With Need and Received Financial Aid: 99.12%
- Average Aid Package: $423,002
Types of Aid and Average Amounts Awarded
- Need-Based Scholarship or Grant Award: $38,801 (Scholarships and grants don’t need to be paid back.)
- Need-Based Loan Amount: $4,378 (Loans must be paid back.)
- Non-Need-Based Aid: $27,159
The average need-based scholarship or grant awarded to first-year students was $41,363. Additionally, 57% of first-year students received need-based financial aid. The average need-based self-help aid awarded to first-year students was $4,675. The average non-need-based scholarship or grant awarded to first-year students - excluding any athletic scholarships, if applicable - was $31,083.
Important Financial Aid Dates
- Application Due: March 10 (The last day to apply for financial aid or turn in related paperwork.)
- Notification Date: January 15 (When students receive a letter with the amount and types of aid the college is offering.)
Financial Aid for Different Income Brackets
How much a student actually pays usually depends, at least in part, on their family's household income. At Rose-Hulman Institute of Technology this year, it is projected students with incomes over $110K will pay around $50,642, while students with incomes between $30K and $48K will pay around $35,909. That's a difference of $14,733.
| Income Bracket | Projected Net Price |
|---|---|
| <$30K | $37,593 |
| $30K-$48K | $35,909 |
| $48K-$75K | $38,474 |
| $75K-$110K | $41,516 |
| >$110K | $50,642 |
Understanding Student Loan Debt
How much student loan debt you accumulate can affect your financial life long after college ends. Ideally, your total student loan debt should fall below your anticipated starting salary once you graduate. At Rose-Hulman Institute of Technology, the median federal loan debt among borrowers who completed their undergraduate degree is $25,000.
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Key Debt Statistics
- Average Total Indebtedness of 2024 Graduating Class: $44,284
- Graduating students who have borrowed (any loan type, 2024): 55%
- Median Federal Loan Debt: $25,000
- Median Monthly Federal Loan Payment: $265 (if repaid over 10 years at 5.05% interest)
- Graduating students who took out private loans: 21%
- Average Private Loan Debt at Graduation: $60,745
Scholarships and Grants
Scholarships are a type of funding that you don’t need to pay back. Need-based scholarships take a student’s financial status into account. Merit-based scholarships are awarded to students for academic or athletic achievement. You might also qualify for a scholarship based on your community service involvement, unique hobbies or traits, your personal background, or a parent’s employer or military affiliation. Some students receive enough in scholarship money to cover their tuition and living expenses.
Work Opportunities
Working while in school can help lessen the burden of your student loans. Schools offer work-study programs to those who qualify and campus jobs to students looking to earn money in their free time. Some institutions match students with work-study positions, while others require them apply to the positions, like they would for any other job. Begin your job search by checking whether your college has in-person or online job boards.
Additional Financial Information
Rose-Hulman Institute of Technology is a member of the Private College 529 Plan, which allows you to prepay tuition today that your child can later use at any member college. It provides a guarantee against tuition inflation, and has no start-up fees, no maintenance fees, no annual fees and is free from federal taxes.
Part-time students Tuition and fees are payable in advance. on the due date; in addition, interest will be charged at the rate of 1 1/2 percent per month on the unpaid balance beginning 60 days after the due date. The tuition and activities fee includes the use of all of the facilities of the Institute and routine laboratory supplies.
Rose-Hulman Institute of Technology met 70% of its students’ financial aid need. The institution is G.I. Bill certified and participates in Yellow Ribbon Program.
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Graduation and Retention Rates
A school’s graduation rate can indicate how likely a student is to complete their degree. At Rose-Hulman Institute of Technology, over the last five years 84% of students earned their bachelor’s degree within six years of enrolling. Student retention, or how often students return to continue their degree after completing their first year, is another helpful indicator. Over the last five years, at Rose-Hulman Institute of Technology, about 91% of full-time students returned the following fall to continue their degree.
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