College Factual  by our College Data Analytics Team
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Can You Afford Milwaukee School of Engineering?

Concerned about paying for college? Take a look at MSOE’s financial aid options, including grants, scholarships, and student loans, then calculate the net price based on your income level to determine if you can afford to attend this school.

2020 - 2021 Costs Between $21,441 and $56,864

Feeling a little stressed about paying $56,864 to attend Milwaukee School of Engineering each year? This number can be deceiving, and for many, the net price you pay will be less.

While there is no tuition reduction for Wisconsin students, 99.5% of freshmen receive some form of financial aid, with the average amount totaling $26,750. Students from low-income families receive an average of $35,423 in aid during their first year.

Cost (no aid)

Tuition and fees$43,575
+ Room and board$10,479
+ Other expenses$2,810
Total cost$56,864
Affordability Score (11 out of 100)
more expensive
less expensive

Net Price (with average aid)

Total cost$56,864
- Grants and scholarships$26,750
Net price$30,114
Affordability Score (23 out of 100)
more expensive
less expensive

Average Net Price for Low Income Undergraduates

Total cost$56,864
- Grants and scholarships$35,423
Net price$21,441
Affordability Score (45 out of 100)
more expensive
less expensive

Learn more about tuition and fees, room, board and other expenses, and financial aid options at MSOE.

Projected Costs Between $101,025 and $353,471 For a Four Year Degree. Between $48,170 and $170,811 For a Two Year Degree.

Looking at the total projected cost of a college education over the course of two / four (or more) years can feel a little overwhelming. However, doing so will help better prepare you for the financial commitment you are making.

The overall cost for on-campus students to attend MSOE in 2020 - 2021 was $56,864. To calculate future costs, we looked at the prior five years of data and determined that this cost increased an average of 3.4% each year. If this trend continues, we expect the full cost for incoming freshmen to be $60,808 during their first year. By their senior year, that cost will be approximately $67,243 for a bachelor degree candidate ($62,882 for an associate degree candidate) for a total of $255,960 over the course of four years ($123,690 over the course of two years). These numbers do not take into consideration financial aid, which reduces this overall cost by varying amounts per student.

Remember, the full costs quoted above are not what most students will pay, and the net price varies quite a bit based on individual circumstances.

Average Net Price at Milwaukee School of Engineering

Cost With Interest

The tables below outlines how the overall degree net cost can vary depending on your situation. This table also highlights the impact student loans can have on the overall cost of college.

Projected 2-Year Net CostsLow Income w/ Aidw/ Average AidNo Aid
Annual growth rate*6.1%3.4%
Freshman year$23,526$33,906$60,808
Senior year$24,644$35,978$62,882
Total 2-year net price$48,170$69,884$123,690
10-year loan interest @ 6.8%$18,351$26,623$47,121
Total monthly payment$554$804$1,423
Total amount paid$66,521$96,508$170,811
Projected 4-Year Net CostsLow Income w/ Aidw/ Average AidNo Aid
Annual growth rate*6.1%3.4%
Freshman year$23,526$33,906$60,808
Senior year$27,041$40,509$67,243
Total 4-year net price$101,025$148,570$255,960
10-year loan interest @ 6.8%$38,487$56,599$97,511
Total monthly payment$1,163$1,710$2,946
Total amount paid$139,512$205,169$353,471

Visit net price and financial aid to learn more about the total cost of attending Milwaukee School of Engineering.

Further Questions to Consider

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