In 2021, tuition for full-time students at University of Southern Indiana was $8,909 a year for in-state students and $21,212 a year for out-of-state students.
On average, college tuition goes up about 3% every year.
Remember, the total cost of tuition isn't necessarily what you will have to pay to attend a school. Many students owe much less than the sticker price after grants, scholarships, and tuition discounts kick in. Plus, student loans can make the amount you do have to pay out of pocket more manageable until after graduation.
Tuition for international students at University of Southern Indiana is $20,242 per year.
University of Southern Indiana is a public, state institution, which means it offers a reduced tuition rate of $8,909 for students who qualify as state residents and attend full-time. For students who are not considered Indiana-residents, out-of-state tuition is $21,212 a year.
Public colleges and universities receive funding from the state government. Public insitutions often offer reduced tuition for those who qualify as Indiana residents.
Choosing a college where you qualify for in-state status can cut the cost of college tuition. Take the time to verify your state's requirements for in-state residency. Each state has different requirements to qualify as in-state resident. In many states, students must have lived in the state for 12 months before starting school to qualify for in-state tuition. There may be additional requirements as well, depending on where you live.
USI has the same tuition for international students as for those from out of state.
International students at University of Southern Indiana can expect to pay around $20,242 per year, before any scholarships or financial aid.
Students from outside of the U.S. are not eligible for loans or grants from the U.S. government, but should research private or school-specific grants, scholarships, and other funding opportunities..
Tuition is not the only cost of attending college; room and board, books, transportation and fees are also costs it consider when estimating the cost of attendance for college. Let's take a look at what impacts these costs, and what to expect at USI.
Room and board at USI costs $9,772 a year. This includes the cost of living in dorms or other on-campus housing, plus a meal plan that allows you to eat in the school dining halls.
Meal-plan costs may vary depending on how many meals are included in the plan you choose.
The cost of books often surprises first-year college students. The actual cost of books depends on the courses you take and the materials required. To save money, many students choose to use books from the library or buy books from students who have already taken the course.
Most schools also have fees to help cover the cost of facilties, like the library, gym and computer labs.
Keep in mind, there could also be other costs associated with participating in special activities, like Greek Life, or playing on an intramural sports team. Many schools have resources so that those who may struggle to participate because of cost can find ways to lower or eliminate these fees.
The total cost of transportation in college can really vary. Will you take a subway, car or an airplane to get to school? Is on-campus parking free, or will you need to budget for parking? Is the campus walkable? Do you own a car, or are you planning to use busses, subways, or other modes of transportation? All of these factors can drastically impact your estimated cost of transportation. Keeping in mind, first-year students are allowed to park a car on campus.
Where are a college is located can also have a big effect on transportation costs. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the flip side, getting around in an urban area is usually pricey, but cities may offer more trains, busses and affordable flights to actually get to school. University of Southern Indianais located in a suburban setting in Indiana.
When you're planning for college, don’t forget to consider personal expenses, like movies, takeouts, furniture or appliances for your dorm or housing, and essentials like laundry detergent, toothpaste and toilet paper.
Now, let’s do a rundown of all of the costs associated with college, to get a better idea of the actual cost of attending USI.
What will the cost of attending USI be? Here is a breakdown of tuition and expenses.
|2022 Total Tuition and Expenses|
|Room and Board||$9,772|
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.
In 2022, 3,020 of the 8,431 undergrads enrolled received financial aid. USI meets 79.8% of the demonstrated financial need for undergraduates.
The average financial aid package for a full-time, first-year student is around $11,965 a year. Around 62.79% of USI undergrads take out student loans to cover any remaining costs. USI graduates who have student loans graduate with an average of $24,775 of student loan debt.
The average debt for each loan type varies.
|Average Debt By Loan Type|
|Most Common Loans for USI 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 USI 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, USI awarded 2,279 need-based scholarships to students, giving away total of $22.6 million to help students with financial need cover the cost of school. An additional $10.17 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 USI 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 USI was $11,965 in 2022. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of USI seem more manageable.
|Estimated Net Cost for Full-Time Students|
|Net In-state, Off-campus||$1,544|
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 USI 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 USI'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.
USI offers an Installment Payment Plan, which allows students to pay tuition in a series of smaller chunks instead of one lump sum.
Schools sometimes waiver tuition for certain groups, to offset the cost of attending. Some schools offer tuition waivers for employees and their family members, underrepresented students, or military students. Even with a tuition waiver, students are usually responsible for housing, meal plans, and other expenses.
Check the financial aid website for more information on payment plans and tuition waivers.
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