Ibrahim Gardner
The average student at Bradley University pays a net price of $24,703 per year. This figure is calculated by subtracting the grants and scholarships a student receives from the total cost of attendance, which includes tuition, fees, food and housing, books and supplies, transportation, and personal expenses. The net price varies for each student based on their personal circumstances and the college's financial aid policies. Bradley University offers a range of financial aid options, including need-based and merit-based scholarships, grants, loans, and work-study programs, which can significantly reduce the cost of attendance for students.
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What You'll Learn
Tuition fees
The tuition fees at Bradley University are $42,160. This figure includes both tuition and fees, otherwise known as the sticker price. The fees fund library services, student gym facilities, student centres, technology resources, and campus health centres.
The total cost of attendance at Bradley University is $55,970. This figure includes the sticker price, as well as the cost of food and housing, books and supplies, and transportation and personal expenses.
The net price is the average cost of the university after aid and scholarship funds are discounted from the total cost. The net price for the average student receiving need-based aid is $28,398. The average need-based scholarship or grant awarded to first-year students is $31,211. Additionally, 79% of first-year students received need-based financial aid in fall 2022. The average need-based self-help aid awarded to first-year students was $4,760.
The average non-need-based scholarship or grant awarded to first-year students is $22,360. Bradley University met 78% of its students' financial aid needs.
The median federal loan debt among borrowers who completed their undergraduate degree is $27,000. The median monthly federal loan payment, if repaid over 10 years at 5.05% interest, is $286.
It is important to note that the net price is specific to each student and will fluctuate based on factors such as family income, assets, and individual financial need. The net price is the out-of-pocket total cost that students end up paying or financing through student loans.
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$26.68 $17.19
Scholarships
The cost of attendance at Bradley University is $55,970 annually. The net price, which is the average cost of the university after aid and scholarship funds are discounted, is $28,398 for the average student receiving need-based aid. The average need-based scholarship or grant awarded to first-year students is $31,211, with 79% of first-year students receiving this type of financial aid in fall 2022. The average non-need-based scholarship or grant awarded to first-year students is $22,360.
Bradley University offers a range of scholarships to its students, including:
- The CEC Leadership Excellence Scholarship, which provides financial support to four recent graduates from Central Illinois high schools who intend to major in civil engineering or construction at Bradley University.
- The Women in Engineering Award, which provides up to $2,000 in scholarship recognition for women enrolling in the Caterpillar College of Engineering and Technology.
- The Industrial and Manufacturing Engineering Technology Scholarship, which provides financial support to recent high school graduates who enroll in an IMET program.
- The Foster Family Scholarship for Global Scholars, which provides financial support for international business experiences.
- The Department of Art and Design offers competitive scholarships to art majors with talent and motivation.
- The Bradley University Speech Team Scholarship, which provides $4,000 annually, renewable for up to four years, for a total of $16,000.
- The Excellence Scholarship, which is awarded to students with exceptional performance in coursework prior to admission.
- Scholarships for full-time school district employees who have been unconditionally admitted to the Art (M.A. only) program, providing up to 50% of the prevailing tuition rate.
- Scholarships for full-time nonprofit organization employees who have been unconditionally admitted to the Nonprofit Leaders program.
- The FIRST Robotics Competition Scholarship, which offers up to four $2,500 renewable scholarships to high school seniors who have participated in a FIRST Robotics Competition or FIRST Tech Challenge.
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Loans
The cost of attendance at Bradley University is $55,970 annually. This figure includes tuition and fees, as well as the cost of food and housing, books and supplies, and transportation and personal expenses. The net price, which is the average cost of the university after aid and scholarship funds are discounted, is $28,398 for the average student receiving need-based aid.
The average need-based scholarship or grant awarded to first-year students at Bradley University is $31,211. Additionally, 79% of first-year students received need-based financial aid in fall 2022. Need-based self-help aid includes federal loans and work-study programs. The average need-based self-help aid awarded to first-year students was $4,760.
Merit-based aid, also known as non-need-based aid, is awarded for specific talents or academic achievements. The average non-need-based scholarship or grant awarded to first-year students at Bradley University, excluding any athletic scholarships, is $22,360.
At Bradley University, 74% of all students take out federal loans, which is 9% higher than the average for private not-for-profit schools. The average annual federal loan amount is $5,069. The median federal loan debt among borrowers who completed their undergraduate degree is $27,000. The median monthly federal loan payment, if repaid over 10 years at 5.05% interest, is $286. Additionally, 16% of graduating students at Bradley University took out private loans, with an average debt of $39,868 at graduation.
Students are advised to minimise their student debt as much as possible, as it can affect their financial life long after college ends. Ideally, total student loan debt should be lower than your anticipated starting salary after graduation. It is recommended not to borrow more than you can pay back using 10% of your monthly income earned after graduation.
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Living expenses
The living expenses for a student at Bradley University vary depending on a student's personal expenses, their specific coursework/program, and whether they live on or off campus. The expected total cost to attend Bradley University on a full-time basis is $55,970 per annum. The net price is the average cost of the university after aid and scholarship funds are discounted from the total cost, which comes in at $28,398 for the average student receiving need-based aid. The net price for students receiving grants or scholarship aid was $24,703 in 2019/2020.
On-campus room and board is provided by the school at a cost of $12,850 per academic year. Students electing to live off-campus should budget at least this amount. Students living on campus are charged for living expenses directly through their student billing account. The COA (Cost of Attendance) uses the standard double-occupancy room and board rate to budget for living expenses. Students who live in a single-occupancy dormitory will be identified by the Office of Residential Living and Student Conduct at the beginning of the fall semester.
Students who work and are not eligible for College Work Study can find other on-campus employment opportunities, working 8 to 10 hours per week at minimum wage, earning about $1,500 per year.
The Cost of Attendance is designed to help families budget for their direct and indirect expenses. Students should budget $2,240 for miscellaneous expenses throughout the year. The estimated annual cost for books and educational supplies is $1,200. Students should budget for $2,240 in additional living expenses if living on campus, or $2,240 in other miscellaneous living expenses if living off campus. The amount spent on books and supplies, transportation, and personal expenses will average an additional $3,440 to $4,092.
There are various scholarships available to students at Bradley University, including the CEC Leadership Excellence Scholarship, the Women in Engineering Award, the Foster Family Scholarship for Global Scholars, and the Department of Art and Design's scholarships. 100% of full-time undergrad students received financial aid in the form of grants, scholarships, or fellowships in 2019/2020, averaging $27,989 per student. 35% of students received Pell Grants, with an average award of $5,117. 69% of students received Federal Student Loans averaging $5,430, and 10% of undergrads took out private student loans averaging $16,612.
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Course-specific fees
The total cost of attendance at Bradley University is $55,970, which includes tuition and fees, as well as the cost of food and housing, books and supplies, transportation, and personal expenses. The tuition and fees component, also known as the sticker price, is $42,160.
Some courses at Bradley University may require additional course-specific fees. For example, credit hours in excess of 16 per semester will result in additional charges of $945 per credit hour. There are also specific fees for certain courses, such as a $50 per semester hour fee for classes taught under the direction of the College of Engineering and Technology, and a $25 per credit hour surcharge for undergraduate classes taught by the College of Business.
Students registered for six or more credit hours in a semester will be charged a $250 fee, which goes towards acquiring, installing, and maintaining technologies and resources that advance student success.
Other course-specific fees include a $50 registration processing fee for students whose initial registration occurs after the semester's first payment date, and various additional fees, such as art fees and chemistry breakage fees.
The exact course-specific fees that a student will pay depend on their chosen courses and credit hours, and it is recommended that students consult their instructors regarding these additional fees.
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Frequently asked questions
The average net price paid is $24,703.
The average cost of tuition is $42,160.
The average need-based scholarship or grant awarded to first-year students is $31,211.
The average non-need-based scholarship or grant awarded to first-year students is $22,360.
