$16,972

Tuition

N/A

Cost of Attendance

$26,939

Net Price

Independence University Tuition and Fees

Independence University is a prominent educational institution known for offering a range of undergraduate and postgraduate programs in a wide assortment of streams, providing quality training to students. The tuition fees charged at IU is quite moderate compared to the expense of education at most institutions. As per the 2020 - 2021 official information, the average cost for the undergraduate courses offered at the university adds up to about $14,585, which includes the total tuition fees and other expenses.

Total Cost of Attendance

Student typeIn-stateOut-State
Tuition & Fees$16,972$16,972
Book & SuppliesNANA
Room & Board costNANA
Other ExpensesNANA
Total Cost of AttendanceNANA

Students should understand that the tuition fees charged for their degree programs is not the only expense that is involved in the cost of attending the university. They must plan for several other expenses that accompany the cost of attendance such as lodging, dining, textbooks, supplies, and the cost of living, among others. For students attending the university, the total tuition and fees for one year add up to about $14,585. Besides that, they will also need to shell out an amount of $9,503 for room and board charges and $8,777 toward other expenses on average in a year. Hence, based on this information, the overall cost of attending the university adds up to around $32,865 per year.

Average Net Price by Family Income

Net Price

$26,939

Family Income

Avg. Net Price

$0 to $30,000

$26,555

$30,001 to $48,000

$27,902

$48,001 to $75,000

$28,148

$75,001 to $110,000

$28,436

$110,000+

NA

The net price of attending Independence University is nothing but the actual amount that the students are required to pay in a year. It depends upon the annual family income of the applicant. Generally, the higher the family income of the candidate, the higher is the net amount to be paid. Simply put, the family income of the candidate is a key factor in determining the net amount. At IU, the average net price is estimated to be $26,332. For students with a family income below $30,000, the estimated net price is $26,563, while for the individuals who fall in the $30,001-$48,000 income bracket, the net cost is $28,298. On the other hand, an estimated net cost of $28,502 is charged for the $48,001-$75,000 income bracket and $28,750 for the $75,001-$110,000 income category.

Student Loans

Example Loans

$69,352

Stafford Loan Interest

4.5%

Time to Pay off Student Loan

N/A

Example monthly payment

$720

Total interest paid

$17,015

Sum of Loan Payments

$86,367

To have a realistic understanding of how much it will cost to study at Independence University here is an example one can consider to estimate the payment amounts one will incur with a student loan. Take a loan of $69,352 for example. This will result in a $8,637 payment to be made each year. We can assume that the interest rate is 4.5% post any refinancing or consolidation activities with a NA repayment plan. Then the total payment made towards the loan is $86,367 which is $17,015 in addition to the principal amount, which constitutes the interest payment made throughout the life of the loan.

Undergraduate Tuition and Fees

Student typeIn-stateOut-State
Tuition & Fees$16,972$16,972
Room & Board CostN/AN/A
Total Tuition & FeesN/AN/A

For students pursuing undergraduate courses at Independence University, the tuition and fees are estimated to be $14,585 per year. They would also be required to pay around $9,503 for their room and boarding expenses. Accordingly, the overall cost for undergraduate students at the university totals about $32,865 per year, based on the available data.

Graduate Tuition and Fees

In-stateOut-State
Tuition$15,616$15,616
FeesN/AN/A

Moving on to the tuition and fees charged for students who wish to join postgraduate programs offered at IU, the amount stands at $12,638 per year. It is interesting to note that Independence University does not charge any graduation fees from students.

Cost Per Credit Hour

DegreeYearCost per Credit hour
Graduate2018 - 2019N/A
Undergraduate2018 - 2019N/A

The cost per credit hour – the total program cost divided by the total number of credit hours of the program – that the student has to pay to attend Independence University varies between graduate and undergraduate degrees. The 2019-2020 fee structure places the cost per credit hour for graduate courses at $210 and the undergraduate cost per credit hour at $112. Independence University also offers a wide range of online programs across 13 different majors for students at present.

Campus Housing Expenses

Housing & other expensesOn CampusOff Campus
Room & BoardN/A$8,919
Other ExpenseN/A$7,598
Book & SuppliesN/AN/A

Students of IU who opt to live off-campus will be required to pay $18,280 per year toward housing. However, it is important to note that on-campus housing facilities have not been made available to students by the university. Moreover, off-campus candidates will have to pay an amount of $9,503 toward room and boarding charges. The other expenses that students need to plan for come to around $8,777 for candidates who live off-campus.

Campus Housing Expenses

Housing & Other Expenses

Room & Boards

On Campus

N/A

Off Campus

$8,919

Housing & Other Expenses

Other Expenses

On Campus

N/A

Off Campus

$7,598

Housing & Other Expenses

Book & Supplies

On Campus

N/A

Off Campus

N/A

Students of IU who opt to live off-campus will be required to pay $18,280 per year toward housing. However, it is important to note that on-campus housing facilities have not been made available to students by the university. Moreover, off-campus candidates will have to pay an amount of $9,503 toward room and boarding charges. The other expenses that students need to plan for come to around $8,777 for candidates who live off-campus.

Online Degree Programs, Tuition and Cost Per Credit Summary

Degree TypeTotal Average TuitionAverage Tuition Per Credit
Bachelors $74,664 NA
Masters $29,160 NA
Associate $42,389 NA

Independence University offers 26 online programs across 7 Majors.

Projected Price for a 4 year degree

A four-year undergraduate course as well as living expenses at IU are projected to cost around $162,855 as per official data. Notably, the total expenses for undergraduate students amounted to $26,332 in 2018-2019, $26,939 in 2017-2018, and $27,578 in 2016-2017.

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