School of the Art Institute of Chicago

Chicago, Illinois

How much does it cost to attend School of the Art Institute of Chicago?

In-State Sticker Price

$

Tuition$
Books and Supplies$
Other Fees$
Room and Board$
Other Expenses Budget$
Out-of-State Sticker Price

$

Tuition$
Books and Supplies$
Other Fees$
Room and Board$
Other Expenses Budget$

How much does it cost to attend School of the Art Institute of Chicago and earn a bachelor’s degree?

In-state students pay an annual total price of $67,870 to attend the school on a full time basis. This includes the $49,310 for tuition, $1,770 for books and supplies, $920 for other fees, $1,980 for other expenses, and $14,810 for room and board.

Out of state residents are charged a higher rate. If you are an out-of-state resident, you can expect to pay $67,870 per year. This is 65.9% higher than the total in-state cost. This number includes the $48,390 for tuition as well as $1,770 for books and supplies, $920 for other fees, $14,810 for room and board, and $1,980 for other expenses.

School of the Art Institute of Chicago Tuition and Fees

Net Price

$

Average Total Aid Awarded$
Students Receiving Financial Aid%
Net Price Calculatorsaic.studentaidcalculator.com
Net Price by Earnings
< $30k$
$31-48k$
$49-75k$
$76-110k$
$110k+$

The average net price of attending School of the Art Institute of Chicago for one year in the fall 2018 academic year was $43,013 per year. This amount reflects what the average student who was eligible for a grant or a scholarship paid. The net price includes tuition, required fees, books and supplies costs, the cost for room and board, and other expenses.

Net price reflects what most people pay to attend School of the Art Institute of Chicago when you factor in the grants and scholarships offered to students at the school. It's a useful statistic to use if you think you may be eligible for a grant or a scholarship. However, net price varies between family income and financial need.

The higher your income, the more likely you are to pay a premium price to attend School of the Art Institute of Chicago. Those whose families earned under $30,000 per year paid an average amount of $38,308 per year as of fall 2018. Students whose families earned between $48,001 and $75,000, on the other hand, paid an average of $40,663 per year as of fall 2018 to attend School of the Art Institute of Chicago.

School of the Art Institute of Chicago Financial Aid

Type
Average per Student
Students Receiving
Annual Total Grant Aid
$
%
Pell Grant
$
%
Federal Student Loan
$
%

School of the Art Institute of Chicago students are eligible for federal financial aid.

The average student who received financial assistance was given a package that totalled up to $15,564. Of those who applied, 87% received financial aid.

Financial aid packages consist of two parts: Pell Grants and federal student loans. Pell Grants are paid to qualifying students from low-income backgrounds and do not need to be repaid. Federal student loans are given to eligible students on an as-needed basis and must be repaid, with interest, within a certain period of time.

The average Pell Grant awarded to a student at School of the Art Institute of Chicago who was granted one in the fall 2018 academic year was $4,767. Of those who applied for a Pell Grant, only 19% of students received one.

The average student who took out a federal student loan was given $7,683 in aid. Only 39% of students who applied for a federal loan had their application accepted.

School of the Art Institute of Chicago Calculator - 4 Year Cost

Year
Illinois Residents
Non Residents
1
$
$
2
$
$
3
$
$
4
$
$
In-State Increase Rate%

Based on the current cost of tuition, as well as historical data, we predict that the total price you will pay for your education at School of the Art Institute of Chicago would be $84,979 across four academic school years.

This assumes that you graduate within normal time, and that tuition increases by 8% each year. This percentage increase is based on historical data.

School of the Art Institute of Chicago Credit Hour Cost and Price Per Class

Category
Price per Credit
3 Credit Class
4 Credit Class
In-State residents
$
$
$
Out-of-State residents
$
$
$

School of the Art Institute of Chicago Student Loans

Example Loan Balance$
Stafford Loan Interest Rate%
Time to Pay Off Student Loan years
Example Monthly Payment$
Total Interest Paid$
Sum of All Loan Payments$

Student loans are an important part of any financial aid package. However, they can be quite complex to understand. To help you out, we have modeled what a ten-year student loan would look like with a balance of $272.

This balance is calculated by multiplying the average net price of studying at School of the Art Institute of Chicago for a year by four. Our calculations therefore estimate what you would owe if you qualified for federal financial aid and used student loans to finance a large amount of your education.

We calculate that, using the Stafford Loan interest rate of 4.5%, you would pay $3,746 per month for a period of ten years. Ten years reflects the normal length of a federal student loan. In total, you would have paid $17,302.29 in interest, and the sum of all your loan payments would be $179794.34 once your loan had been paid off.

This projection is not relevant if you finance your education using private loans, which typically come with higher interest rates.

School of the Art Institute of Chicago Tuition Payment Plans

Tuition Payment PlanNo
Prepaid Tuition PlanNo
Alternative Tuition PlanNo
Guaranteed Tuition PlanNo

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