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Southwest University of Visual Arts-Albuquerque Tuition and Fees

There is a private university in Albuquerque, New Mexico called Southwest University of Visual Arts-Albuquerque. Around 55% of the students are 24 and under at Southwest University of Visual Arts-Albuquerque. At SUVAA around 50% belong to Hispanic ethnicity, 30% are white, and 15% are American Indian or Alaska Native. And, when it comes to gender distribution at the varsity, around 45% of the students are females and 55% are males. The average earnings, of the graduates, of this institute sta

$22,488

Tuition

N/A

Cost of Attendance

$27,376

Net Price

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Southwest University of Visual Arts-Albuquerque Tuition and Fees

Southwest University of Visual Arts-Albuquerque offers undergraduate and postgraduate programs across different fields, providing quality education to students. The expense of education here is very high, 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 university adds up to about $22,588, which includes the total tuition fees and other expenses. The books and supplies and other expenses cost $1,000 and $7,396, respectively.

Total Cost of Attendance

Student type	In-state	Out-State
Tuition & Fees	$22,613	$22,613
Book & Supplies	$1,000	$1,000
Room & Board cost	NA	NA
Other Expenses	NA	NA
Total Cost of Attendance	NA	NA

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. The total tuition and fees for students attending Southwest University of Visual Arts-Albuquerque come out to be around $22,588 per year. In addition, the students will be needed to pay an average expense of $1,000 for books and supplies, $12,660 toward room and boarding, and $7,396 for different other expenses in a year. So, the overall cost of attending SUVAA comes out to be about $43,644 per year, according to the most recent information available.

Average Net Price by Family Income

Net Price

$27,376

Family Income

Avg. Net Price

$0 to $30,000

$27,303

$30,001 to $48,000

$27,743

$48,001 to $75,000

$75,001 to $110,000

$110,000+

The net price of attending Southwest University of Visual Arts-Albuquerque 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. While the actual net cost is subject to one’s family income bracket, the average net price is estimated to be $36,411 at SUVAA. The net price for students with an annual family income below $30,000 is reported to be around $35,397. For the individuals who come under the $30,001-$48,000 income category, the net cost is $36,747. Meanwhile, the net price stands at $38,269 for students whose annual family income is between $48,000 and $75,000.

Student Loans

Example Loans

$163,616

Stafford Loan Interest

4.5%

Time to Pay off Student Loan

10 years

Example monthly payment

$1,698

Total interest paid

$40,141

Sum of Loan Payments

$203,757

To have a realistic understanding of how much it will cost to study at Southwest University of Visual Arts-Albuquerque here is an example one can consider to estimate the payment amounts one will incur with a student loan. Take a loan of $163,616 for example. This will result in a $20,376 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 $203,757 which is $40,141 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	$22,613	$22,613
Room & Board Cost	N/A	N/A
Total Tuition & Fees	N/A	N/A

At Southwest University of Visual Arts-Albuquerque, the tuition and fees for students who are pursuing undergraduate courses are estimated to be around $22,588 in a year. Moreover, the applicants must also pay an amount of $12,660 towards room and boarding charges. In view of this information, the estimated total cost for undergraduate students at SUVAA adds up to $43,644.

Graduate Tuition and Fees

	In-state	Out-State
Tuition	$21,000	$21,000
Fees	$100	$100

As for the students looking to enroll in postgraduate programs at SUVAA, the tuition and fees they are charged add up to $21,100 per year. This sum includes their graduate tuition of $21,000 and the graduation fees of $100 as well.

Cost Per Credit Hour

Degree	Year	Cost per Credit hour
Graduate	2018 - 2019	N/A
Undergraduate	2018 - 2019	$937

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 Southwest University of Visual Arts-Albuquerque varies between graduate and undergraduate degrees. As per the 2019-2020 fee structure, the cost per credit hour for graduate courses is $351 and for undergraduate courses, it stands at $173.

Campus Housing Expenses

Housing & other expenses	On Campus	Off Campus
Room & Board	N/A	$12,660
Other Expense	N/A	$7,396
Book & Supplies	$1,000	$1,000

Moving on to the housing and related charges, students who wish to stay off-campus will have to pay around $20,056 per year. Notably, there are no on-campus lodging facilities available for students at the university. Moreover, off-campus candidates will have to pay an amount of $12,660 toward room and boarding charges. On the other hand, the charges toward books and supplies come to around $1,000. Apart from these, the other expenses that students should plan for add up to $7,396 for students who live off-campus.

Campus Housing Expenses

Housing & Other Expenses

Room & Boards

On Campus

N/A

Off Campus

$12,660

Housing & Other Expenses

Other Expenses

On Campus

N/A

Off Campus

$7,396

Housing & Other Expenses

Book & Supplies

On Campus

$1,000

Off Campus

$1,000

Projected Price for a 4 year degree

A four-year undergraduate course as well as living expenses at SUVAA are projected to cost around $218,203 as per official data. In comparison, the total expenses for undergraduate students stood at $36,411 for 2018-2019, $27,376 for 2017-2018, and $27,088 for 2016-2017.

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