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Can You Really Afford California Institute of Technology?

Below is the data on what it actually costs to attend California Institute of Technology, spanning what it costs to attend, projected costs over a degree, net price, debt outcomes, and aid equity.

$83,598.00 Cost of Attendance
$16,075.00 Avg Net Price
$12,000.00 Median Grad Debt

Want a specific number? Skip ahead to any section using the links below:

What You Will Pay to Attend California Institute of Technology?

The cost of attendance at California Institute of Technology is about $83,598.00 annually.

The three scenarios below move from the full sticker price, to the net price after average aid, to the net price low-income students typically pay.

What It Costs Students (no aid)

Tuition and fees $65,898.00
+ Room, board & other expenses $17,700.00
Total cost $83,598.00
That is 155% above the national average net price.

Net Price for Students (with average aid)

Total cost $83,598.00
− Grants and scholarships −$70,811.00
Net price $12,787.00
That is 61% below the national average net price.

Net Price for Low-Income Undergraduates

Total cost $83,598.00
− Grants and scholarships −$89,019.00
Net price $-5,421.00
That is 117% below the national average net price.
Explore each piece on the tuition & fees page plus room and board.

The Long-Run Cost of a Degree at California Institute of Technology

The reported cost series has been increasing by roughly 3.9% per year; the projections below compound that across a degree. The detailed projections below compare a degree for a low-income aided student, an average-aid student, and a no-aid student. The loan rows amortise the projected total over a ten-year, 6.8% repayment.

Projected 4-year net costs Low Income w/ Aid w/ Average Aid No Aid
Annual growth rate 3.9% 3.9% 3.9%
Freshman year $-5,635.00 $13,291.00 $86,894.00
Senior year $-6,328.00 $14,926.00 $97,583.00
Total 4-year net price $-23,907.00 $56,393.00 $368,679.00
10-year loan interest @ 6.8% $-9,108.00 $21,484.00 $140,453.00
Total monthly payment $-275.00 $649.00 $4,243.00
Total amount paid $-33,015.00 $77,876.00 $509,133.00
Projected 2-year net costs Low Income w/ Aid w/ Average Aid No Aid
Annual growth rate 3.9% 3.9% 3.9%
Freshman year $-5,635.00 $13,291.00 $86,894.00
Senior year $-5,857.00 $13,815.00 $90,320.00
Total 2-year net price $-11,492.00 $27,106.00 $177,214.00
10-year loan interest @ 6.8% $-4,378.00 $10,327.00 $67,512.00
Total monthly payment $-132.00 $312.00 $2,039.00
Total amount paid $-15,870.00 $37,433.00 $244,727.00

For the complete net-price picture, see the net price section below.

Net Price — What Students Actually Pay at California Institute of Technology

Net price reflects the true cost to attend after grant and scholarship aid is deducted. For most families it is a more realistic figure than the published cost.

Average net price (on-campus) $16,075.00
Average net price (off-campus) $18,902.00

Net price is far from uniform: lower-income families typically pay much less after aid. The table below shows the average net price by family-income bracket:

Family income Average net price
Under $30,000 $1,667.00
$30,000 to $48,000 $1,023.00
$48,001 to $75,000 $7,003.00
$75,001 to $110,000 $22,073.00
Over $110,000 $56,275.00

Use California Institute of Technology Net Price Calculator, or check with the financial aid office.

For the grant-and-scholarship detail behind these figures, see the financial aid page.

Borrowing and Debt at California Institute of Technology

Typical debt at graduation from California Institute of Technology comes to $12,000.00, categorized as a Low ($10-20k) debt-burden category.

Explore borrowing, repayment, and default in detail on the student loan debt detail.

Default and Repayment Outcomes at California Institute of Technology

The default-rate classification at California Institute of Technology is Low (<5%).

For a sense of scale, Stafford disbursements at California Institute of Technology come to $2,447,102.00 over 257 borrowers.

Veteran Education Benefits at California Institute of Technology

Veteran and active-military students often access dedicated federal aid programs including the Post-9/11 GI Bill and Department of Defense Tuition Assistance.

GI Bill recipients 4
Avg GI Bill amount $7,905.00

Read more about military and veteran aid on the veteran aid breakdown.

Further Questions to Consider

The data above is a foundation; round it out by asking yourself about California Institute of Technology, consider the following:

Explore Further about California Institute of Technology

Each page below covers one part of paying for college in more detail:

Data sources. Figures on this page draw from the U.S. Department of Education College Scorecard, the Integrated Postsecondary Education Data System (IPEDS), and MediaFactual editorial review. Net-price calculator and financial-aid office links are taken from the institution’s own published data.

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