Tuition and fees calculator
You've decided on your degree program. You've chosen whether to attend online or at your local campus. Now it's time to determine about how much you'll be investing in your education and how to pay for it.
We've provided a tuition and expenses estimating tool, Financial Plan with Net Price Calculator, to simplify the math.
The Financial Plan tool has three simple steps:
Determine your estimated tuition and expenses based on your degree program and location.
Explore options to
pay for school.
Enter your financial information to the best of your knowledge. Then begin exploring ways to pay for your tuition and expenses, such as federal grants, scholarships, financial aid, payment plans and more.
Armed with your plan, you'll have a good idea of what it'll cost to go to school, the expenses you may incur and options for how to pay for them.
You'll be taken through a brief series of screens that ask questions about your particular situation. It'll be helpful for you to know about your taxes, savings and any prior college credits. The more specific the information you provide, the more accurate your estimate will be. If you don't know the exact answer to a question, provide a guesstimate so you can get a ballpark program cost.
The education connection
Education pays — in more ways than one. According to the current national population survey conducted by the Bureau of Labor Statistics, the higher the level of education completed by an individual, the more positive effect it has on his or her median weekly earnings. In addition, there is less of a chance the individual will be unemployed. See how this is illustrated in the chart below.
Note: BLS data is not specifically applicable to alumni of University of Phoenix. This chart applies to a more general student and alumni population and does not solely or predominantly reflect University of Phoenix graduates whose median weekly earnings may be less than reported and whose unemployment rate may be higher.
|Unemployment rate (2011)||Median weekly earnings (2011)|
|Some college, no degree||8.7%||$719|
|High school diploma||9.4%||$638|
|Less than high school diploma||14.1%||$451|
|Average: 7.6%||Average: $797|
Source: Bureau of Labor Statistics, Current Population Survey
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Funding your education
Learn about the different types of loans and grants that might be available to you.
University of Phoenix
Funding your education video
At University of Phoenix, we view every student as unique. And we know that every student's financial situation is different.
As you probably know, all students are responsible for paying their tuition.
That said, we understand that different students come from different backgrounds, with different financial needs. What's important to know is that funding options are often available, and that's what this short video is about.
So, what exactly is financial aid? And where does it come from?
Financial aid is funding assistance that comes from a source outside of a student's ways and means, including scholarships, state grants and employer programs. Federal financial assistance comes in the form of either loans or grants.
Let us break that down for you.
A loan is borrowed money. As such, a loan needs to be paid back with interest. Good reason to borrow only as much as you actually need.
University of Phoenix participates in the Federal Direct Loan Program, which includes two basic kinds of loans — subsidized and unsubsidized.
Subsidized loans are for students with financial needs as determined by federal regulations. The student pays no interest while either in school or during grace or deferment periods. Unsubsidized loans are not based on financial need — interest starts to accrue while you're in school.
You might wonder: "Do I really have to re-pay my loan?"
The short answer is: Yes, you really do... eventually.
All loans need to be repaid when you successfully complete your degree program or if you withdraw from the University for any reason. The good news is, federal loans do NOT need to be repaid while you're in school.
FRAME WITH SCROLLING LEGAL DISCLAIMER: Interest will increase the total amount you'll need to repay unless the loan is repaid in full before interest begins to accrue. Interest rates vary from year to year. If you prefer, you may choose to pay interest on your loan while still in school. Learn more about repayment options from your Financial Services Representative.
LEGAL TYPE SCROLLS UP AND OUT, CLEARING FRAME.
All clear on loans?
Okay, moving on. Financial aid also comes in the form of grants.
STUDENT HOLDING A CARD WITH THE WORD "Pell Grants"
Students are not required to repay their grants, providing they keep up their attendance and grades.
Anyone can apply for a grant, but not all are eligible. Once your application is complete, processing typically takes six to eight weeks before funds are awarded. We ask that you provide all requested information at one time so we can process your application as quickly as possible.
Remember that a lack of attendance or failure to start a course as scheduled may delay, cancel or interrupt funding altogether.
We recommend that you borrow wisely. Assess your educational expenses and other requirements so you borrow only what you actually need. The less you borrow, the less you'll need to pay back.
We wish you every success as you pursue your educational opportunities at University of Phoenix.
To learn more about federal financing options, visit www.direct.ed.gov/applying.html.