In 2022, tuition for full-time Webb Institute students was $55,075 a year.
In 2022, tuition increased 3%–from $53,470 the previous year. Usually, college tuition goes up about 3% every year.
If this makes attending the college of your dreams feel scary, remember, the displayed price of tuition doesn't always give you enough information to determine the actual cost of attending any given college. Many students pay far less than the sticker price after grants, scholarships, and tuition discounts are awarded. And, student loans can make the amount you do have to pay for college more manageable until after graduation.
Webb Institute is a private, nonprofit institution, which means it has the same tuition for residents of New York as it does for students who live in other states.
Public colleges and universities receive funding from the state government. Public insitutions often offer reduced tuition for those who qualify as New York residents.
Attending a school where you qualify for in-state tuition can drastically reduce the total cost of attending college. Don't forget to check your state's rules for in-state tuition. Every state has its own rules about what makes someone eligible for in-state tuition. 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 other criteria as well, depending on where you live.
Explore other New York colleges
Webb Institute has the same tuition for international students as for those from out of state.
International students usually do not qualify for for loans or grants from the U.S. government, but should research private or school-specific grants, scholarships, and other funding opportunities..
In addition to the cost of 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 Webb Institute.
Room and board at Webb Institute is $13,990 a year. This includes the cost of living in dorms or other on-campus housing, and a meal plan that enables you to eat all or some of your meals the school dining halls.
Meal-plan costs vary based on on how many meals are included in the plan you choose.
First-year students are sometimes surprised by how much books and supplies cost–and not in a good way. The actual cost of books and supplies 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.
The majority of colleges also have fees to offsets cost associated with maintaining facilties, like the computer labs and libraries, athletic facilities, and more.
There may be other costs associated with participating in certain activities, like joining a fraternity or sorority, or playing on an intramural sports team. Most colleges offer ways so that those with financial need to get help covering these fees.
The cost of getting around in college can really vary. 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 walkable? Do you own a car, or are you planning to use busses, subways, or other modes of transportation? All of these factors can make a big difference in your transportation budget. At Webb Institute, freshman are allowed to park on campus.
The location of a college or university can also have a big effect on 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 a city might be expensive, but cities may offer more buses, trains or low-cost flight options to actually get to school. The Webb Institute campus is located in a suburban setting in New York, not far from New York City.
When budgeting for college, don’t forget to consider the cost of things 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 look at the breakdown of all expenses, to get a better idea of how much students can expect to shell out for Webb Institute.
What will the cost of attending Webb Institute be? Here is a breakdown of tuition and expenses.
|2022 Total Tuition and Expenses|
|Room and Board||$13,990|
The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.
|Total Estimated Costs|
The breakdowns above provide a good estimate of the total cost of attendance before financial aid and scholarships. Tuition and fees may vary depending on program, course level, location, and more.
In 2022, 18 of the 105 undergrads enrolled received financial aid. Webb Institute meets 72% of the demonstrated financial need for undergraduates.
The average financial aid package for a full-time, first-year student is around $57,465 a year. Around 21% of Webb Institute undergrads take out student loans to cover any remaining costs. Webb Institute graduates who have student loans graduate with an average of $15,000 of student loan debt.
The average debt for each loan type varies.
|Average Debt By Loan Type|
|Most Common Loans for Webb Institute 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 Webb Institute 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, Webb Institute awarded 18 need-based scholarships to students, giving away total of $1.8 million to help students with financial need cover the cost of school. An additional $3.73 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 Webb Institute 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 Webb Institute was $57,465 in 2022. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Webb Institute seem more manageable.
|Estimated Net Cost for Full-Time Students|
What will attending Webb Institute 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 understand the actual cost of attending that school, based on their financial situation. You can find the Webb Institute'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.
Students cannot pay tuition in installments. Contact the financial aid office to verify this and discuss options.
Schools sometimes offer tuition waivers to certain groups, to make attending more affordable. Some colleges offer tuition waivers for faculty, staff, and their families , underrepresented students, or military students. Even with a tuition waiver, other expenses and fees are the responsibility of the student.
Check the financial aid website for more information on payment plans and tuition waivers.
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Data Source: IPEDs and Peterson's Databases © 2022 Peterson's LLC All rights reserved
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