Pratt Institute

In 2022, tuition for full-time students at Pratt Institute was $57,659 a year.

Tuition increased 3.75% in 2023–from $55,575 the previous year. On average, college tuition goes up about 3% every year.

If this makes attending the college of your dreams seem daunting, remember, the total cost of tuition isn't necessarily what you will have to pay to attend a school. Many students find the actual cost of college is much less than the sticker price after grants, scholarships, and tuition discounts are applied. Additionally, student loans can make the amount you do have to pay out of pocket more manageable until you've finishing school and found a job.

Pratt Institute meets 60% of the demonstrated financial need for undergraduates. The average financial aid package for a full-time, first-year student at Pratt Institute is around $35,380 a year.

The average student debt for graduates in the class of 2023 was around $39,183 per student, not including those with no debt.

Does Pratt Institute Offer In-State and Out-of-State Tuition?

Pratt Institute is a private, nonprofit institution, so it has the same tuition for residents of New York as it does for residents from other states.

Public colleges and universities receive funding from the state government. Public insitutions often offer reduced tuition for students who are residents of that state.

Choosing a college where you qualify for in-state status can cut the cost of college tuition. Be sure to check your state's requirements for in-state tuition. Each state has different requirements to qualify as in-state resident. Most states require students to have resided in the state for a certain period of time before qualifying. There may be additional requirements too, depending on where you live.

Explore other New York colleges

Pratt Institute International Student Tuition

Pratt Institute has the same tuition for international students as for those from out of state.

Students from outside of the U.S. are not eligible for federal financial aid, but may qualify for private or school-specific grants, scholarships, and other funding opportunities.

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Pratt Institute Room, Board, Fees, and More

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Tuition is not the only cost of attending college; there are other costs associated with college, like room and board, facility fees, and books and supplies. Let's take a look at what impacts these costs, and what to expect at Pratt Institute.

House and Food Costs at Pratt Institute

Housing and campus dining at Pratt Institute is $16,710 a year. This number covers the cost of living in dorms or other on-campus housing, plus a dining plan that enables you to eat in the Pratt Institute's on-campus cafeterias and dining facilities. Students who do not live on-campus but would like to be able to eat in the campus dining can opt-in for a meal plan. The cost of board-only is $17,325.

Board costs can depend on the number of meals you intend to eat on-campus

Cost of Books at Pratt Institute

The cost of books often surprises first-year college students. The real cost of books and supplies depends on the courses you take and the materials required. To save money, many students choose to use books from the library or buy books from students who have already taken the course.

Annual Fees

Most schools charge some yearly fees to offsets cost associated with maintaining facilties, like the computer labs and libraries, athletic facilities, and more.

There may be optional fees associated with participating in certain activities, like joining a fraternity or sorority, or playing on an intramural sports team. Many schools offer ways for students who may struggle to participate because of cost can find ways to lower or eliminate these fees.

Planes, Trains, and Automobiles: Transportation costs at Pratt Institute

The cost of getting around in college can really vary. Will you drive, fly, or take public transportation to school? Is on-campus parking free, or will you need to budget for parking? Is the campus small enough that you can easily walk from class-to-class?? Do you plan to bring a car or will you need to use public transportation? All of these questions can drastically impact your estimated cost of transportation. Keeping in mind, first-year students are allowed to park a car on campus.

A school's location can impact the amount you'll have to spend just to get around. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the other hand transportation in a city is often costly, but cities may offer more trains, busses or low-cost flight options to actually get to school. Pratt Instituteis located in a city in New York, not far from New York City.

Other Costs

When budgeting for college, be sure to take into account the cost of things like going out to eat or see shows, furnishing your living space, and things like haircuts, clothes and, yes, even toilet paper and shampoo.

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The Full Cost of Attending Pratt Institute

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Now, let’s look at the breakdown of all expenses, to get a better idea of what is really costs to go to Pratt Institute.

How Much Does Pratt Institute Cost?

What will the cost of attending Pratt Institute be? Here is a breakdown of tuition and expenses.

2023 Total Tuition and Expenses
Tuition	$57,659
Room and Board	$16,710
Board Only	$5,580
Other expenses	$2,500

The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.

Total Estimated Costs
On-Campus	$78,893
Off-Campus	$67,763

The breakdowns above provide a good estimate of the total cost of attendance before financial aid and scholarships. Tuition and fees may vary depending on program, course level, location, and more.

Pratt Institute’s tuition and fees change based on: •Course load for both full and part-time students

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Financial Aid at Pratt Institute

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In 2023, 1,416 of the 3,702 undergrads enrolled received financial aid. Pratt Institute meets 60% of the demonstrated financial need for undergraduates.

The average financial aid package for a full-time, first-year student is around $35,380 a year. Around 57% of Pratt Institute undergrads take out student loans to cover any remaining costs. Pratt Institute graduates who have student loans graduate with an average of $39,183 of student loan debt.

The average debt for each loan type varies.

Average Debt By Loan Type
Federal Loans	$25,163
Private Loans	$59,824

Most Common Loans for Pratt Institute Students
Federal Loans	57%
Private loans	11%

Most students take out institutional or government loans, because they tend to have lower interest rates and more flexible repayment options than private loans. Loans from the federal government can be subsidized or unsubsidized. Subsidized loans do not accrue interest during school, while unsubsidized loans begin accruing interest at the time the loan is issued. If students do no qualify for enough federal loans to cover the cost of tuition, some take out private loans. Parents can also take out ParentPLUS loans, which are government loans for parents who are helping their children pay for college.

The Free Application for Federal Student Aid (FAFSA) helps colleges determine how much financial need students and their familes have, so they can offer a financial aid package that meets, or come close to meeting, their need. For more information on Pratt Institute financial aid, keep reading, or visit their financial aid website.

Scholarships at Pratt Institute

Some students may receive grants and scholarships to help pay for college. Unlike loans, scholarships and grants do not have to be paid back.

In 2023, Pratt Institute awarded 977 need-based scholarships to students, giving away total of $7.3 million to help students with financial need cover the cost of school. An additional $66.75 million in merit-based scholarship money was awarded to students without demonstrated financial need.

Pratt Institute Net Cost

The net price of college is the actual cost of attending a school for one year. Net cost is calculated by subtracting any scholarships, grants or other aid that does not need to be paid back from the total cost. Student loans are not part of the calculation, because they need to be repaid.

Now that we have a sense of the total estimated costs for Pratt Institute students, we can subtract the average financial aid package to find the estimated net cost. Net cost can vary depending on a students’ need and the financial aid award received.

When considering whether a school fits your budget, it is important to consider the estimated net cost, not just the sticker price of tuition. Often, schools with the highest tuition also offer the most generous aid packages, so estimate your net cost before eliminating a school because it does fit your budget.

The average amount of financial aid received by a full-time first year student with demonstrated need at Pratt Institute was $35,380 in 2023. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Pratt Institute seem more manageable.

Estimated Net Cost for Full-Time Students
On-Campus	$43,513
Off-Campus	$32,383

What will attending Pratt Institute really cost you? The answer depends on several factors.

As of 2011, colleges are required to have a net price calculator on their website to help prospective students and their families make more informed decisions about the actual cost of attending that school, based on their financial situation. You can find the Pratt Institute's net cost calculator on their website.

Pratt Institute Tuition Payment Plans

Some students choose to use payment plans to make the cost of tuition fit more comfortably in their budget.

Pratt Institute does not have guaranteed tuition.

Pratt Institute offers an Installment Payment Plan, which allows students to pay tuition in a series of smaller chunks instead of one lump sum.

Pratt Institute Tuition Waivers

Schools sometimes offer tuition waivers to certain groups, to reduce the total cost of attendance. Some schools offer tuition waivers for employees and their family members, underrepresented students, or military students. Even with a tuition waiver, students are usually responsible for housing, meal plans, and other expenses.

Pratt Institute has some full or partial tuition waivers available for: - Employees or Children of Employees

Check the financial aid website for more information on payment plans and tuition waivers.

Pratt Institute's Endowment

An endowment is the total value of a school's investments, donations, and assets. Endowment is not necessarily an indicator of the quality of a school, but it can give you a sense of how much money a college can afford to invest in expanding programs, improving facilities, and supporting students.

As of 2022, the total market value of Pratt Institute's endowment was $232.5 million. The average college endowment was $905 million in 2021. The school spends $18,062 for each full-time student enrolled.

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Learn More About Pratt Institute

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Click below to find out more about the admissions requirements and deadlines, student life, academics, majors and more.

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