Rose-Hulman Institute of Technology, a prestigious engineering university in Indiana, offers exceptional academic programs at a significant investment. Understanding the tuition costs and available financial aid options is crucial for aspiring students and their families.
Tuition Costs
Rose-Hulman University’s tuition rates for the 2023-2024 academic year are as follows:
| Category | Tuition and Fees |
|---|---|
| Undergraduate In-State | $52,900 |
| Undergraduate Out-of-State | $62,690 |
| Graduate In-State/Out-of-State | $47,324 |
Financial Aid
Rose-Hulman University is committed to ensuring that all admitted students have access to affordable education regardless of financial background. The university offers a range of financial aid programs, including scholarships, grants, and loans.
Scholarships
Merit-Based Scholarships: Rose-Hulman awards merit-based scholarships to incoming freshmen based on their academic achievements and extracurricular involvement. These scholarships range from $5,000 to $25,000 annually.
Need-Based Scholarships: Students with demonstrated financial need may be eligible for need-based scholarships funded by the university and private donors. These scholarships can cover a significant portion of tuition costs.
Grants
Federal and state grants are available to eligible students to help pay for college expenses. The amount of grant aid a student receives is based on their financial need and family income.
Loans
Federal and private loans are another option for students to cover tuition and other educational expenses. Students should carefully consider the terms and conditions of loans before borrowing.
How to Apply for Financial Aid
To be considered for financial aid, students must complete the Free Application for Federal Student Aid (FAFSA). The FAFSA is available online at www.fafsa.gov. Rose-Hulman’s FAFSA code is 001834.
Payment Plans
Rose-Hulman University offers flexible payment plans to help students and families manage the cost of education. Students can choose to pay their tuition in installments throughout the semester or set up a monthly payment plan.
Estimated Total Cost of Attendance
The estimated total cost of attendance at Rose-Hulman University for the 2023-2024 academic year, including tuition, fees, room, board, and other expenses, is as follows:
| Category | In-State | Out-of-State |
|---|---|---|
| Undergraduate | $80,530 | $90,290 |
| Graduate | $70,948 | $70,948 |
Return on Investment
The high cost of education at Rose-Hulman University is often justified by the high return on investment. Rose-Hulman graduates earn significantly higher salaries than their peers from other institutions, and the university has a strong record of job placement.
According to the College Salary Report, the median starting salary for Rose-Hulman graduates is $80,000. This is significantly higher than the national median salary for engineers, which is $65,900.
Conclusion
Rose-Hulman University offers exceptional engineering programs at a significant investment. However, the university’s financial aid programs and high return on investment make it possible for students from all backgrounds to pursue their academic aspirations.
