In 2022, tuition for full-time Indiana University Kokomo students was $7,274 a year for in-state students and $20,634 a year for out-of-state students.
On average, colleges raise tuition about 3% each year.
If this makes attending the college of your dreams sound impossible, remember, the total cost of tuition isn't necessarily what you will have to pay to attend a school. Many students owe way less than the total tuition after grants, scholarships, and tuition discounts kick in. And, student loans can make thecost of college more manageable until after graduation.
International students can expect to pay 20,634 per year for tuition at Indiana University Kokomo.
Indiana University Kokomo is a public, state institution, which means it offers a reduced tuition rate of $7,274 for students who qualify as state residents and attend full-time. For students who are not considered Indiana-residents, out-of-state tuition is $20,634 a year.
Public colleges and universities receive funding from the state government. Public, state schools can offer lower tuition for students who meet the requirements for in-state residency.
Choosing a college where you qualify for in-state status can cut the cost of college tuition. Take the time to confirm your state's rules for as an in-state resident. Each state has different requirements to qualify as in-state resident. The most common requirement is that students must have lived in the state for a full year before starting school. There may be additional requirements too, depending on the state you and your parents currently reside in.
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IU Kokomo has the same tuition for international students as for those from out of state.
International students at Indiana University Kokomo usually pay around $20,634 per year, before any scholarships, grants or other financial aid.
Students from outside of the U.S. usually do not qualify for for loans or grants from the U.S. government, but may qualify for private or school-specific grants, scholarships, and other funding opportunities..
In addition to tuition, there are other costs associated with college, like room and board, facility fees, and books and supplies. Let's take a look at what impacts these costs, and what to expect at IU Kokomo.
IU Kokomo does not offer on-campus housing for students, so there are no charge for dorms, however you should take into account the cost of off-campus housing when evaluating the cost of different colleges.
Meal-plan costs can depend on how many meals are included in the plan you choose.
The cost of books often surprises first-year college students. The real cost of books depends on the courses you take and what kinds of books and materials they require. To save money, many students choose to use books from the library or buy used textbooks and materials.
Most schools also have fees to help cover the cost of facilties, like the computer labs and libraries, athletic facilities, and more.
Keep in mind, there could also be optional fees associated with participating in certain activities, like Greek Life, or playing on an intramural sports team. Most colleges have ways for students who may struggle to participate because of cost can get help covering these costs.
The total cost of transportation in college depends on a few key factors. Will you drive, fly, or take public transportation to school? Is on-campus parking free, or will you need to budget for parking? Is the campus small enough that you can easily walk from class-to-class?? Do you own a car, or are you planning to use public transportation? All of these factors can drastically impact your transportation budget.
Where are a college is located can impact the amount you'll have to spend just to get around. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the other hand transportation in an urban area is sometimes costly, but cities may offer more buses, trains and low-cost flight options to actually get to school. The Indiana University Kokomo campus is in a small town setting in Indiana, not far from Indianapolis.
When you're planning for college, be sure to factor in personal expenses, like going out to eat or see shows, furnishing your living space, and things like haircuts, clothes and, yes, even toilet paper and shampoo.
Now, let’s go over all of the costs we've covered, to get a better estimate of how much students can expect to shell out for IU Kokomo.
What will the cost of attending IU Kokomo be? Here is a breakdown of tuition and expenses.
|2022 Total Tuition and Expenses|
The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.
Tuition and fees may vary depending on program, course level, location, and more.
IU Kokomo’s tuition and fees change based on: •Academic program for both full and part-time students •Course load for part-time students
In 2022, 1,347 of the 2,817 undergrads enrolled received financial aid. IU Kokomo meets 81.2% of the demonstrated financial need for undergraduates.
The average financial aid package for a full-time, first-year student is around $9,086 a year. Around 58.3% of IU Kokomo undergrads take out student loans to cover any remaining costs. IU Kokomo graduates who have student loans graduate with an average of $21,189 of student loan debt.
The average debt for each loan type varies.
|Average Debt By Loan Type|
|IU Kokomo-Specific Loans||$3,337|
|Most Common Loans for IU Kokomo Students|
Most students take out institutional or government loans, because they tend to have lower interest rates and more flexible repayment options than private loans. Loans from the federal government can be subsidized or unsubsidized. Subsidized loans do not accrue interest during school, while unsubsidized loans begin accruing interest at the time the loan is issued. If students do no qualify for enough federal loans to cover the cost of tuition, some take out private loans. Parents can also take out ParentPLUS loans, which are government loans for parents who are helping their children pay for college.
The Free Application for Federal Student Aid (FAFSA) helps colleges determine how much financial need students and their familes have, so they can offer a financial aid package that meets, or come close to meeting, their need. For more information on IU Kokomo financial aid, keep reading, or visit their financial aid website.
Some students may receive grants and scholarships to help pay for college. Unlike loans, scholarships and grants do not have to be paid back.
In 2022, IU Kokomo awarded 1,209 need-based scholarships to students, giving away total of $10.4 million to help students with financial need cover the cost of school. An additional $2.31 million in merit-based scholarship money was awarded to students without demonstrated financial need.
The net price of college is the actual cost of attending a school for one year. Net cost is calculated by subtracting any scholarships, grants or other aid that does not need to be paid back from the total cost. Student loans are not part of the calculation, because they need to be repaid.
Now that we have a sense of the total estimated costs for IU Kokomo students, we can subtract the average financial aid package to find the estimated net cost. Net cost can vary depending on a students’ need and the financial aid award received.
When considering whether a school fits your budget, it is important to consider the estimated net cost, not just the sticker price of tuition. Often, schools with the highest tuition also offer the most generous aid packages, so estimate your net cost before eliminating a school because it does fit your budget.
The average amount of financial aid received by a full-time first year student with demonstrated need at IU Kokomo was $9,086 in 2022. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of IU Kokomo seem more manageable.
|Estimated Net Cost for Full-Time Students|
|Net In-state, Off-campus||$1,024.54|
Note: a negative number can indicate that a refund will be given to use toward other expenses such as housing, fees, and books. In such cases, be sure to reach out to the school directly for any clarification or questions.
What will attending IU Kokomo really cost you? The answer depends on several factors.
As of 2011, colleges are required to have a net price calculator on their website to help prospective students and their families make more informed decisions about the actual cost of attending that school, based on their financial situation. You can find the IU Kokomo's net cost calculator on their website.
Some students choose to use payment plans to make the cost of tuition fit more comfortably in their budget.
IU Kokomo offers an Installment Payment Plan, which allows students to pay tuition in a series of smaller chunks instead of one lump sum.
Schools sometimes offer tuition waivers to certain groups, to reduce the total cost of attendance. Some colleges offer tuition waivers for faculty, staff, and their families , underrepresented students, or military students. Even if you qualify for a waiver, students are usually responsible for housing, meal plans, and other expenses.
IU Kokomo has some full or partial tuition waivers available for: - Employees or Children of Employees
Check the financial aid website for more information on payment plans and tuition waivers.
To learn more about IU Kokomo, choose from the options below:
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Data Source: IPEDs and Peterson's Databases © 2022 Peterson's LLC All rights reserved
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