Prospective students and their families need to know the tuition amounts of any school they are considering because it helps them plan and organize their finances. Proper research on Arizona State University’s costs will give incoming students insight into what to expect in terms of fee amounts and financial aid.
This article focuses on the cost of attendance at Arizona State University to help with your research. We will discuss Arizona State University tuition costs, living expenses, and financial aid options. In addition, we will cover Arizona State University rankings to help you decide and plan accordingly. Learn more about all of the factors that contribute to Arizona State University’s cost of attendance below.
Arizona State University Rankings and Profile
- Accreditation: Higher Learning Commission
- Acceptance Rate: 88%
- Graduation Rate: 66%
- US News & World Report Ranking: #117
- Times Higher Education Ranking: #132
Founded in 1885, Arizona State University (ASU) is one of the most prominent public universities in the United States. ASU is known for its innovation and majors in business, engineering, social sciences, biological and biomedical sciences, marketing, health, and other related majors. Students can get into ASU and join the Sun Devils with a minimum of a 3.0 in competency courses.
Arizona State University is considered a good school because it offers graduate and undergraduate degree programs with a qualified faculty and a faculty-to-student ratio of 18:1. ASU provides students value in academic programs and extracurricular activities to help students contribute positively to society.
How Much Does Arizona State University Cost?
According to the National Center for Education Statistics (NCES), Arizona State University costs $11,348 per year for in-state students and $29,438 per year for out-of-state residents on the undergraduate level. In-state graduates have to pay $11,720, while out-of-state graduates pay $23,544 in tuition costs. Additionally, the cost of books and supplies at Arizona State University amount to $1,300.
Arizona State University Tuition, Fees, and Other Expenses
| Expense | Arizona State University Cost |
|---|---|
| Arizona State University Undergraduate In-State Tuition and Fees | $11,348 |
| Arizona State University Undergraduate Out-of-State Tuition and Fees | $29,438 |
| Arizona State University Graduate In-State Tuition and Fees | $11,720 |
| Arizona State University Graduate Out-of-State Tuition and Fees | $23,544 |
| Arizona State University Books and Supplies | $1,300 |
Compared to the national average tuition rates, tuition costs are higher at Arizona State University than at other schools. However, students have several options for paying tuition at Arizona State University including online, by check, in person, with financial aid, with a prepaid card or College Savings Plan, or with a student account refund. ASU does not accept payments over the phone.
Arizona State University Living Expenses
| Expense | Arizona State University Cost |
|---|---|
| Arizona State University On-Campus Room and Board | $13,696 |
| Arizona State University Off-Campus Room and Board | $9,974 |
The living expenses at Arizona State University cover room and board, amounting to an average cost of $13,696 for students living on campus and $9,974 for students living off campus, according to the NCES. Other costs for living expenses may include dining costs and insurance costs, depending on individual preferences.
Cost of Living in Tempe, Arizona
Cost of living in Tempe, Arizona, is nine percent higher than the national average, according to PayScale. Further, Tempe’s housing expenses are 39 percent higher than the national average, and the utility prices are six percent higher than the national average. Gas and other transportation costs are also three percent more than the national average, but grocery and healthcare prices are one and seven percent lower than the national average.
Tempe is one of the best cities to live in Arizona, and most often, living costs depend on your personal expenses. Tempe has a growing job market, with available employment opportunities in key industries such as medical devices, aerospace and aviation, tourism, sustainable technologies, and high technology, among others.
Arizona State University Financial Aid Statistics
Financial aid services are available at Arizona State University, with 92 percent of students being recipients of aid, according to the NCES. Eighty-nine percent of students receive grants or scholarship aid, with a total award amount of $134,318,870 received by undergraduates in the 2020 to 2021 academic year. Other forms of aid awarded at Arizona State University include federal grants, Pell grants, state or local government scholarships, institutional grants or scholarships, and student loan aid.
As per the NCES, federal grants amounting to $24,509,499 were awarded to 25 percent of undergraduate students in the 2020 to 2021 school year, while 34 percent of students received Pell grants, for a total of $21,418,204 so far. Additionally, 19 percent of students received other federal grants amounting to $3,091,295, while one percent have received state or local government scholarships for a total value of $294,005.
That same academic year, eighty-six percent of students at ASU received institutional grants or scholarships with a total sum of $109,515,366 received. The percentage of students receiving student loan aid was 29 percent, and they received a total amount of $26,995,100. Federal student loans are also available to students, with 28 percent of undergraduate students receiving them.
Does Arizona State University Accept FAFSA?
Yes, Arizona State University accepts FAFSA. The Free Application for Federal Student Aid, also known as FAFSA, is for students with financial needs. US citizens or eligible noncitizens enrolled in an eligible certificate or degree program may qualify for FAFSA. At ASU, students must complete a FAFSA application to apply for federal grants and loans.
Does Arizona State University Accept GI Bill Benefits?
Yes, Arizona State University accepts GI Bill benefits. The GI bill benefits provide financial help for eligible veterans and their families to cover all or some of the cost requirements for school, including college costs, training programs, or even graduate school.
Is Arizona State University a Yellow Ribbon School?
Yes, Arizona State University is a Yellow Ribbon school. The Post-9/11 GI Bill does not cover higher out-of-state, private, international, or graduate school tuition and fees. For this reason, the Yellow Ribbon Program was introduced by the Department of Veterans Affairs to assist eligible students in covering these costs.
Arizona State University Scholarships and Grants
- Warner-Fong Endowment. This annual scholarship is given to an incoming freshman or transfer student who has chosen a major in Asia Studies. The Warner-Fong Endowment, which awards $1,000 and is renewable for a year, is open to students with a minimum GPA of 3.0.
- Crowder Law Firm Scholarship. The Crowder Law Firm awards students pursuing higher education who aim to attain good academic achievements a $,1000 scholarship each Fall and Spring semester. Both grad students and undergraduates are eligible for this award and must have a minimum GPA of 3.6 to meet eligibility requirements.
- The Gabrielle Kaufmann Koppell and Elsie Kopstein Sunshine Scholarship. Those pursuing graduate or undergraduate degrees are eligible for this scholarship. First-generation students, however, frequently receive preference. There is no minimum GPA criterion, and the rewards may vary in value.
- White Glove Moving Scholarship. White Glove Moving offers a yearly scholarship worth $1,000 to any deserving student entering their freshman or sophomore year. This company accepts all applications, and there is no minimum GPA as part of the eligibility requirements.
- Online Undergraduate Research Scholars (OURS) Scholarship. Through the OURS Scholarship, ASU online students are encouraged to pursue their interests in research, especially those in the College of Liberal Arts & Sciences. Applicants must be ASU Online students pursuing a degree program through the College of Liberal Arts and Sciences and must have a minimum GPA of 3.0.
Arizona State University Average Net Price by Income
| Family Income | Arizona State University Net Price |
|---|---|
| $0 to $30,000 | $8,920 |
| $30,001 to $48,000 | $10,693 |
| $48,001 to $75,000 | $15,308 |
| $75,001to $110,000 | $18,953 |
| $110,001 and up | $20,904 |
Arizona State University’s net price is calculated by considering tuition and expenses. The net price at ASU is also determined by financial aid and scholarships offered to students. As you can see from the table above, the lower a family’s income is, the less they pay in Arizona State University tuition.
How to Calculate Arizona State University Cost
If you study the numbers above, you can estimate the typical Arizona State University cost of schooling. You will be able to determine the average cost of tuition, living expenses, and other additional costs. You could also move in-state to make tuition more affordable or apply for financial aid.
Using ASU’s tuition calculator, you can make cost estimates to help you determine how much a program will cost. Knowledge of tuition rates and living expenses will help you plan for educational expenses and budget for living expenses while taking advantage of financial aid and scholarship services.
Is the Cost of College Too High?
No, the cost of college is not too high if you apply for scholarships and commit to a plan to save money. Planning your finances will help you make a budget and put you on the path to achieving future goals. Scholarship money will also reduce your financial burdens, and general knowledge of the actual costs of college will help you plan effectively.
Arizona State University Student Debt
- Students Receiving Federal Loans: 33%
- Median Debt After Graduation: $20,000
- Average Monthly Loan Payment: $200
At Arizona State University, 33 percent of students receive federal loans, according to the US Department of Education’s College Scorecard. In addition, the median debt incurred by ASU students after graduation amounts to $20,000, and the average monthly payment of loan fees amounts to $200.
Debtors are impacted by student loan debt over time by having higher loan burdens, weaker credit scores, and eventually less money to spend. In the United States, about $1.75 trillion worth of student loan debt is held by over 46 million borrowers, according to the Federal Reserve.
Arizona State University Tuition Payment Plans
Arizona State University offers students a tuition payment plan. The Tuition Installment Plan that ASU offers gives students a choice to spread out their tuition payments over three months. If the total amount of the student’s tuition is not paid by the appropriate due date, they will be included in the plan unless they choose to opt out.
Arizona State University Graduate Salaries and Outcomes
Arizona State University graduates earn good salaries. Ten years after entering the university, the median income of former students who received federal financial aid is $55,749, according to College Scorecard. ASU graduates often get job opportunities within six months of graduation. As such, this university helps students reach their career goals.
How to Save Money in College
- Make use of campus facilities and amenities. When you make use of campus facilities and amenities, you can save money. For example, the library gives you access to free books and computers. Other activities such as fitness classes or movie nights on campus could also be free of charge.
- Choose affordable accommodation. Typically, living in the dormitories or campus housing is less expensive than living off-campus. You could split the housing expense with a roommate to stretch your housing budget further and save money.
- Take advantage of student discounts. You can save money when you take advantage of the discounts that students often receive on items like clothing and movie tickets. This way, you can allocate money to other pressing needs. You can even find many meal deals for students.
- Apply for scholarships and grants. The burden of the cost of attendance will lessen, and you will be able to save money if you apply for scholarships, grants, and other financial aid options. You must, however, ensure you are qualified by fulfilling any scholarship’s requirements and completing the application process.
- Stay Focused in School. Unnecessary distractions could lead to extended study duration. Ideally, you would want to finish your degrees in four years because every extra semester adds high costs. Use university tools like academic guidance and tutoring to stay on schedule and avoid things that could distract you from your academic achievements. This is especially important for first-year students.
Is Arizona State University Affordable?
Yes, Arizona State University is affordable if you research the tuition, living costs, and financial assistance options offered at the university. As a result, you will be able to organize your finances better because you will be aware of how much you can expect to pay and the steps you must take to cover these expenses. In addition, there are several Arizona State University financial aid opportunities that students can take advantage of.
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Arizona State University Cost FAQ
The application fee at Arizona State University costs $50 for Arizona residents, $80 for domestic nonresidents, $70 for ASU online students, and $85 for international nonresidents. However, some applicants may also qualify for a fee waiver.
Yes, Arizona State University has two tuition-free programs. The first is the ASU College Attainment Grant Program, which covers the total attendance cost for Arizona residents eligible for government Pell grants. The Obama Scholars Program, the second initiative, is for Arizona residents with leadership abilities.
Yes, it is possible for Arizona residents to get free college educations. Students from low-income families have more opportunities thanks to the Arizona Promise Program. Higher education will be more accessible and affordable for more Arizona students and their families with a guaranteed scholarship for qualifying students to cover public university tuition and fees.
To get into Arizona State University, you need a minimum GPA of 3.0 in competency courses. ASU also requires ACT and SAT scores, among other admission requirements. If you want a better chance of admission to the university, it is important to submit a competitive college application.
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