CTAS cost forecasts for DePaul’s 22/23 academic year and full 4-year program
CTAS is sharing its projections for 2022/23 academic year costs with information on individual colleges as a recurring feature. Similar information for over 3,000 2- and 4-year schools is available at the CTAS site.
This post projects average net costs for DePaul University in Chicago.
Although DePaul’s stated Cost of Attendance is approx. $60,000, almost no students pay that amount. It marks approximately $20,000 off the price in nearly all cases (98% of 2019’s entering students received merit and need-based aid). With a fairly limited endowment ($696mm as of 2019), DePaul is an expensive college to attend for lower-income students but provides a reasonable option for students with higher family earnings. DePaul adopted test optional practices beginning with a 2012 pilot and has an acceptance rate hovering in the 70% range. Summarized, attending DePaul costs $32-39k per year before Pell and other state grants/scholarships, with some limited flexibility on pricing within that band. The school looks like a good candidate for a tuition reset.
These projections represent informational projections that will change over time and are not a commitment either by CTAS or the applicable colleges. Figures are rounded to the $500 avoid false specificity. Final net cost numbers will differ from these estimates for many reasons: changes to economic trends, decisions by the colleges both about their own policy and enrollment, as well as decisions about individual students. Estimates of full program costs assume graduation in 4-years (for Bachelor’s) or 2-years (Associate) without any gaps, delays or added semesters/quarters. We take pride in our numbers so, if you believe any of the figures need correction, please reach out to us at firstname.lastname@example.org and we will work with you to resolve the issue.
Average Net Cost is a consumer-centric metric which shows costs as they are presented in commercial transactions outside of higher education. It represents a full-time student’s cost of attending college including: tuition, room & board, fees and estimates of supplies less institutional aid of all kinds (including need-based and merit), and less federal and state/local aid. Loans and other repayable amounts. along with work study earnings, are excluded and do not reduce the cost. Room and board charges are on-campus costs for residential colleges; for students attending non-residential institutions, the college’s own estimate of such off-campus costs is mostly used. CTAS’ Net Cost differs from the Net Price figure self-reported by colleges because it is comprehensive and covers all entering students, including the approximately 40% not included in Net Price calculations.
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