Rabbinical College Ohr Yisroel Tuition 2021| The College Monk

$9,000

Tuition

$14,850

Cost of Attendance

$4,774

Net Price

Rabbinical College Ohr Yisroel Tuition and Fees

Rabbinical College Ohr Yisroel offers undergraduate programs across different fields, providing quality education to students. The expense of education here is very low, compared to the tuition fees charged by different colleges. As per the 2020 - 2021 official information, the average cost for the undergraduate courses offered at the college adds up to about $9,000, which includes the total tuition fees and other expenses. While housing costs $3,000, the charges for books and supplies and other expenses stand at $350 and $4,000, respectively.

Total Cost of Attendance

Student type	In-state	Out-State
Tuition & Fees	$9,000	$9,000
Book & Supplies	$350	$350
Room & Board cost	$3,000	$3,000
Other Expenses	$2,500	$2,500
Total Cost of Attendance	$14,850	$14,850

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 will be required to plan for various other expenses associated with the cost of attendance, including lodging, dining, textbooks, supplies, and the cost of living, among other things. What's more, at Rabbinical College Ohr Yisroel, the total tuition and fees for the enrolled students come out to be around $9,000 in a year. Other than that, they will need to shell out an amount of $350 for books and supplies, $3,000 for room and boarding charges, and $4,000 toward other expenses on average in a year. So, the overall cost of attending RCOY comes out to be about $16,350 per year, according to the most recent information available.

Average Net Price by Family Income

Net Price

$4,774

Family Income

Avg. Net Price

$0 to $30,000

$4,336

$30,001 to $48,000

$4,840

$48,001 to $75,000

$8,089

$75,001 to $110,000

$110,000+

As for the net cost for attending RCOY, the actual amount depends on the annual family income of the candidate. The net price is nothing but the actual amount that a student is required to pay in a year. The net cost to be borne is typically higher for candidates whose family income is comparatively higher. While the actual net cost is subject to one’s family income bracket, the average net price is estimated to be $4,441 at RCOY. Candidates whose annual family income is less than $30,000 will have to pay a net amount of $3,939. For the individuals whose income is somewhere between $30,001 and $48,000, the amount comes to $5,186. This amount stands at $11,505 for those falling in the $75,001-$110,000 annual income bracket.

Student Loans

Example Loans

$78,440

Stafford Loan Interest

4.5%

Time to Pay off Student Loan

10 years

Example monthly payment

$814

Total interest paid

$19,244

Sum of Loan Payments

$97,684

To have a realistic understanding of how much it will cost to study at Rabbinical College Ohr Yisroel here is an example one can consider to estimate the payment amounts one will incur with a student loan. Take a loan of $78,440 for example. This will result in a $9,768 payment to be made each year. We can assume that the interest rate is 4.5% post any refinancing or consolidation activities with a 10 years repayment plan. Then the total payment made towards the loan is $97,684 which is $19,244 in addition to the principal amount, which constitutes the interest payment made throughout the life of the loan.

Undergraduate Tuition and Fees

Student type	In-state	Out-State
Tuition & Fees	$9,000	$9,000
Room & Board Cost	$3,000	$3,000
Total Tuition & Fees	$12,000	$12,000

At Rabbinical College Ohr Yisroel, the tuition and fees for students who are pursuing undergraduate courses are estimated to be around $9,000 in a year. Alongside that, they will likewise need to shell out around $3,000 toward their room and boarding charges. Accordingly, the overall cost for undergraduate students at the college totals about $16,350 per year, based on the available data.

Cost Per Credit Hour

Degree	Year	Cost per Credit hour
Graduate	2018 - 2019	N/A
Undergraduate	2018 - 2019	N/A

The total program cost divided by the total number of credit hours of the program – also called cost per credit hour – that the student has to pay to attend Rabbinical College Ohr Yisroel varies for graduate and undergraduate courses. The cost per credit hour for the graduate courses at the college sits at $69. Also, at present, Rabbinical College Ohr Yisroel offers online courses only in a single major to the students.

Campus Housing Expenses

Housing & other expenses	On Campus	Off Campus
Room & Board	$3,000	$3,000
Other Expense	$2,500	$5,500
Book & Supplies	$350	$350

Moving on to the housing and related expenses at Rabbinical College Ohr Yisroel, these charges depend upon whether the candidate decides to stay on-campus or off-campus. For on-campus housing, students have to pay $5,500 per year, whereas, the cost for off-campus lodging is $8,500 a year. Moreover, the candidates will have to pay about $3,000 a year toward room and boarding charges. In addition to that, the candidates will have to pay an amount of about $350 for books and supplies. The other expenses that students should plan for come to around $2,500 for on-campus candidates and $5,500 for the candidates who live off-campus.

Campus Housing Expenses

Housing & Other Expenses

Room & Boards

On Campus

$3,000

Off Campus

$3,000

Housing & Other Expenses

Other Expenses

On Campus

$2,500

Off Campus

$5,500

Housing & Other Expenses

Book & Supplies

On Campus

$350

Off Campus

$350

Projected Price for a 4 year degree

A four-year undergraduate course as well as living expenses at RCOY are projected to cost around $81,750 as per official data. In contrast, the total expenses for undergraduate students amounted to $4,441 in 2018-2019, $4,774 in 2017-2018, and $2,265 in 2016-2017.