What is Embry-Riddle Aeronautical University?
Embry-Riddle Aeronautical University (ERAU) is a private, coeducational university specializing in aviation and aerospace education. Founded in 1926, ERAU has campuses in Daytona Beach, Florida; Prescott, Arizona; and Singapore. The university offers undergraduate and graduate programs in aviation, engineering, business, and security.
How Much is Tuition at Embry-Riddle?
Tuition costs at Embry-Riddle vary depending on the program, degree level, and campus location. Here is a breakdown of the 2023-2024 tuition rates:
Tuition Rates
| Program | Daytona Beach Campus | Prescott Campus | Online Campus |
|---|---|---|---|
| Undergraduate | $47,840 | $47,840 | $33,900 |
| Graduate | $50,250 | $50,250 | $35,910 |
Additional Costs
In addition to tuition, students should also budget for the following expenses:
- Fees: $1,840 (Daytona Beach and Prescott campuses)
- Housing: $12,600-$24,000 (on-campus housing)
- Meals: $6,100-$12,000 (meal plan)
- Books and supplies: $1,500-$2,500
- Transportation: $2,000-$5,000
Financial Aid and Scholarships
Embry-Riddle offers a variety of financial aid options to help students pay for college. These options include:
- Scholarships: ERAU awards over $100 million in scholarships each year.
- Grants: Federal and state grants are available to students who meet certain eligibility requirements.
- Loans: Students can borrow money from the federal government or private lenders to help pay for college.
Is Embry-Riddle Worth the Cost?
Embry-Riddle is one of the most prestigious aviation and aerospace universities in the world. Graduates of ERAU are in high demand by employers in a variety of industries. According to PayScale, the median salary for ERAU graduates is $70,500.
Return on Investment
The high cost of tuition at Embry-Riddle may make some students wonder if it is worth the investment. However, the university’s strong reputation and high graduate salaries suggest that it is a worthwhile investment for many students.
According to a recent study by the National Center for Education Statistics, the median annual earnings of bachelor’s degree holders with a major in aviation is $75,250. This is significantly higher than the median annual earnings of all bachelor’s degree holders, which is $60,290.
Tips for Saving Money on Tuition
Here are a few tips for saving money on tuition at Embry-Riddle:
- Apply for scholarships: ERAU offers a variety of scholarships that can help you pay for college. Be sure to apply for as many scholarships as possible.
- Get good grades: Students with high GPAs are more likely to qualify for scholarships and financial aid.
- Take advantage of discounts: ERAU offers a number of discounts on tuition for students who are members of certain organizations or who have served in the military.
- Consider online learning: Online courses are often more affordable than traditional courses.
Conclusion
Embry-Riddle Aeronautical University is a great choice for students who want to pursue a career in aviation or aerospace. However, the cost of tuition can be a deterrent for some students. By following the tips in this article, you can save money on tuition and make an investment in your future.