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Education is an investment. University of Phoenix students are investing their time and money in themselves, their dreams and their future. University of Phoenix helps students protect their investment, assigning each enrolling student his or her own Finance Advisor to navigate the various payment and scholarship options available.
University of Phoenix tuition is in the mid-range nationally for private universities. Textbook and material costs at the University are dramatically lower than average due to our innovations in making them available in electronic format.
While University of Phoenix tuition varies by campus location and type of degree program, our undergraduate tuition and fees average $12,000 per year. According to a recent report by the College Board, Trends in College Pricing 2009, total tuition and fees at private four-year colleges and universities average approximately $26,000 per year. For comparison, average tuition and fees for an out-of-state student to attend a public four-year college or university is $18,500.
Institutional scholarships are awarded by the University and are made available to prospective and current students as well as our alumni. We develop these scholarships by reaching out to our target communities to determine their individual needs. Once we've determined their needs, we partner with non-profits and other organizations in their area to provide scholarship opportunities that help alleviate financial obstacles to an education.
Federal financial aid is awarded to students, not to institutions. Students apply their financial aid to an institution of their choosing. University of Phoenix fully transitioned to the federal direct loan program in 2010. Funding from student loans not guaranteed by the federal government represented approximately 1 percent and 3 percent of net revenue for the University’s parent company during the first six months of fiscal years 2009 and 2008, respectively.