This guide is designed to answer one question for you: How are you going to afford Baruch College (City University of New York)?
You probably know that planning for expenses is an important part of the college application process. What you may not know is how many different things you need to keep track of to pay tuition and apply for financial aid.
Here's what we'll cover:
- How much does Baruch College tuition cost?
- How much financial aid do students at Baruch College usually get?
- How much debt is typical for students at Baruch College?
- How much will Baruch College cost YOU, and can you actually afford it?
- Is Baruch College a good value for you?
- What are other schools that might be a better value than Baruch College?
By learning more about expenses and aid, you’re already on the right path to managing college costs. Let’s get started!
School location: New York, NY
This school is also known as: CUNY Baruch, Baruch College (City University of New York)
How Much Does Baruch College Cost?
Knowing what a school costs is Step #1 in managing college costs. There’s more to think about than just the tuition—you also have to factor in where you'll live, what you'll eat, and more while attending Baruch College (City University of New York).
The "Cost of Attendance" is the total amount of money the average student has to pay, WITHOUT any financial aid, to attend a particular school. Think of it as a school’s sticker price. It includes not just Baruch College tuition and fees, but also room, board, textbooks, and personal expenses.
The Cost of Attendance breakdown for Baruch College differs depending on whether you’re in-state or out-of-state student - in-state students can expect lower costs for tuition and fees.
Choose your state of residence here for the most accurate info:
Here’s the Cost of Attendance breakdown for Baruch College:
- Tuition and Fees $6210 $12720
- Room $11880
- Textbooks $1248
- Other Expenses $5056
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Typical Total Cost for In-State, On-Campus Students Typical Total Cost for Out-Of-State, On-Campus Students $27562 $34072 - Typical Total Cost for In-State, Off-Campus Students Typical Total Cost for Out-Of-State, Off-Campus Students $26068 $32578
Because Baruch College is an out-of-state public institution, you'd be paying $6510 more than if you were an in-state student. To lower costs, you might consider looking at public schools in your state of residence.
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How Much Financial Aid Do Students at Baruch College Get?
The Cost of Attendance listed above might be intimidating. The good news is that most students don’t end up paying that full price to attend Baruch College. Financial aid helps make up the difference between the Cost of Attendance and what families can actually afford.
Here we'll cover how many students get Baruch College financial aid, what types of aid they get, and how much.
A Brief Intro to Financial Aid
Aid comes in many forms, including:
- Need-based grants
- Merit-based scholarships
- Student loans
This financial aid comes from a few different places:
- Federal aid comes from the federal government, or is subsidized by the federal government.
- Institutional aid comes from your school itself.
Generally, it’s better for MORE students to receive HIGH amounts of financial aid—this means students pay less for college.
Let’s take a look at how Baruch College compares to other schools.
Overall Aid
Let's start with the overall numbers. At Baruch College, we know that:
70% of Students Get ANY Aid
This is 16% LOWER than the average for Public schools, which is 86%.
This could be bad news - fewer students getting aid could mean students are paying more at Baruch College than they would at other similar schools. It could also mean students attending Baruch College are wealthier and need less aid.
To break this apart, we'll next look at each type of aid and how much students get from each.
Grants and Scholarships
We’re focusing on grants and scholarships first because they’re the most important forms of financial aid. Grants and scholarships are better than loans because students don’t ever have to pay them back. The more grant/scholarship aid students receive at a particular school, the better off those students are in the long run.
At Baruch College (City University of New York), we know that:
68% Get ANY Grant Money
This is 5% LOWER than the average for Public schools, which is 73%.
Although it’s useful to know how many students get grant aid, it’s also important to know how much grant aid people tend to receive. The bigger the average grant award, the better.
So how much grant money do students at Baruch College tend to receive?
Average Grant Award: $7467
This is $198 HIGHER than the average for Public schools, which is $7269.
Altogether, this is mixed news - at Baruch College, FEWER students get aid, but the ones who do get MORE than average. If you qualify for aid, this can work out well, since you'll get a sizable award. But it might be harder for you to qualify for Baruch College financial aid.
How Generous is Baruch College’s Financial Aid?
The grant dollar amounts we’ve seen so far have included aid from all sources - both federal and institutional. Schools don’t have much control over how much federal aid students can qualify for (like Pell Grants), but they do their own financial aid dollars and how they’re used.
To figure out how strong Baruch College’s own financial aid program is, we’ll look at how they award their own (non-federal) financial aid dollars. The more students receive aid directly from the school (otherwise known as institutional aid), and the bigger the award amounts, the better the financial aid program.
Let’s see how generous Baruch College (City University of New York) is with its students:
15% Get ANY School Grants
This is 31% LOWER than the average for Public schools, which is 46%.
Because Baruch College gives a smaller percentage of its students institutional grants than similar schools, it may offer less competitive financial aid.
Some schools may claim to offer large amounts of aid to prospective students without advertising that much of this money may come in the form of student loans - money that you have to pay back. To figure out if this is the case, check out our following section on student loan debt at Baruch College.
The amount of money that students actually get is just as important (if not more important) than the percent of students who get grants. If you receive a grant, you’ll want it to be big enough to do you some good.
Average School Grant: $5631
This is $1264 HIGHER than the average for Public schools, which is $4367.
Right away, it seems like Baruch College (City University of New York) offers more institutional aid than other schools. On the surface, this can mean that students who do receive institutional grants get a competitive amount, compared to other schools.
On the other hand, this can also mean that the school just costs more than the typical school of its type. If Baruch College costs more, it makes sense for the average grant award to be higher.
Up to this point, we've looked entirely at grants for Baruch College. Next, we'll do the same analysis for student loans, which is where student debt comes from.
How Much Debt is Typical for Students at Baruch College?
Aside from grants, the other major way to pay for college is with student loans. Student loans aren’t free sums of money - you borrow a certain amount to attend Baruch College, and then pay it back with smaller monthly payments after you graduate.
The more student loan money you borrow, the more debt you’ll end up with after graduation. Ideally, you want to minimize your student debt as much as possible. Less debt means less of a financial burden once you leave school.
It’s generally a bad sign if a school has many students taking out a lot of loans. This indicates that graduates have to worry about paying back big sums of money once they leave school.
To address the amount and type of debt that students take on, this section will cover:
- Loan Overview
- Federal Loans
- Other Loans
Let’s see what students at Baruch College have to deal with:
Loan Overview
First, let’s talk about how many students at Baruch College actually have to take out any student loans at all. The ideal goal is to graduate with little to no debt.
It’s very common for college grads in the US to graduate with some debt, but high percentages of students taking on loans at a particular school is a big red flag. In contrast, low percentages of students with loans is a sign that Baruch College tuition is affordable.
So how many students actually end up taking out loans at Baruch College?
6% Have ANY Loans
This is 52% lower than the average for Public schools, which is 58%.
It's a great sign that the loan percentage is so low at Baruch College - in fact, Baruch College is in the top 10% of schools in terms of how many students have to take out loans. This usually means the school has a strong financial aid program, and grants are enough to pay for the cost of college.
Chances are, if you attend Baruch College, you won't have to take out loans yourself, which means you won't graduate with student debt.
Next, we'll look at exactly HOW much debt the average person takes out while in school.
Federal Loans
Now that you have a handle on the basic loan information for Baruch College, we’ll get into some more nitty-gritty information on the types and amounts of loans that students typically have.
We’ll start with federal loans because, in general, federal loans are preferable to private loans. Federal loans tend to have low interest rates, which means they cost less in the long run. They may come with other perks (like subsidization or even options for loan forgiveness).
High percentages or amounts of federal loans still isn’t a great sign - again, you don’t want to see students burdened with too much debt. Generally, schools with strong financial aid programs will have students with more federal loans than private loans.
Let’s see how Baruch College stacks up:
6% Have Federal Loans
At Baruch College (City University of New York), 6% of all students take out federal loans. This is 51% LOWER than the average percent of students for Public schools, which is 57%.
Average Federal Loan: $4987
At Baruch College, the average annual federal loan amount is $4987. This amount is $604 LESS than the average for Public schools, which is $5591.
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What Would It Cost YOU to Attend Baruch College?
Finally, we get to the bottom line: what will Baruch College actually cost YOU? Every family has a different situation, and depending on your income level, you'll have to pay more or less to go to college.
What is Net Price, and Why Does it Matter?
Above, we've covered Baruch College's Cost of Attendance (tuition, room and board, books, and more). We also covered its typical financial aid in grants, loans, and scholarships.
The Net Price is the total cost minus the total aid given. In other words, this is the price you have to pay to the school out of pocket. The lower the school's cost, and the more aid you get, the lower the Net Price.
We'll cover two ways to get your Net Price for Baruch College - the fast way, and the precise way.
Net Price: The Quick and Easy Way
If you want a quick, general idea of your annual Net Price at Baruch College, here's a handy chart showing the net price of real students. All you need is your family income.
| If your family makes between... | Your Net Price will likely be around... |
|---|---|
| $0 - $30,000 | $5148 |
| $30,001 - $48,000 | $6928 |
| $48,001 - $75,000 | $10721 |
| $75,001 - $110,000 | $13443 |
| $110,000 and up | $14233 |
Note that these values may be a few years old, and today's prices may be a bit higher.
As we'll discuss next, your exact Net Price will depend on other factors like the number of family members and total assets, but this represents the typical Net Price.
Net Price: The Most Accurate Method
Most schools have an updated Net Price calculator available. To find it, just google "Baruch College Net Price Calculator" - the official tool should be one of the top search results.
Often the school will ask for more information than just income:
- The number of people in your household
- The number of family members in college
- Parental wages, income, and assets
- Student wages, income, and assets
This will take 10-15 minutes to complete, and you'll get a specific net price that's more accurate than the table above.
Can You Afford to Attend Baruch College?
Once you have a Net Price estimate, you’ll want to figure out whether your family can afford to pay Baruch College tuition and costs. Once again, the Net Price is the total cost of attending, minus the aid you can expect to get (grants and scholarships). It's the amount you'd have to cover yourself.
The US government has come up with a standardized way to calculate how much a typical family can afford to pay without help. They call this the Expected Family Contribution, or EFC.
As an example, a family that brings home $80,000 in income before taxes, with no assets and no other children in college, has an EFC of around $7,000. This is the amount the government thinks that family can reasonably pay, and the school will have to step in and cover the rest.
Colleges use this number as a guideline to decide how much aid to give you, but it's just a guideline. Some schools will be stingier with aid, and you'll have to pay more than the government's suggested EFC.
So we're going to calculate your EFC and compare it to Baruch College's Net Price. If the Net Price is higher than the EFC, the school will cost more than you can typically afford. It's a simple equation:
Net Price - Expected Family Contribution = Deficit (extra cost you would need to cover)
We've constructed a simple tool to figure out whether Baruch College is affordable for you:
Affordability Calculator
This tool will calculate your Expected Family Contribution, or EFC. In order to calculate this amount, we need just 4 pieces of information from you. We won't save this data.
Finally: Is This Price Really Worth It?
Chances are, college won't be cheap. Even if you have a few top choice schools in mind like Baruch College, it's still useful to explore broadly.
A few questions to ponder:
- How much better off will you be if you attend Baruch College as opposed to a similar, but cheaper, school?
- Have you considered a range of private and public schools? Big and small?
- What if you didn't attend college at all? (This is extreme, but just worth considering even for a second.
Here's our take: college will be a really important stage in your development. Going to a better, more reputable college will usually pay off in the long run. By going to a better college, you'll be surrounded by a more interesting community, find it easier to land a job, and open up opportunities.
To determine the value of Baruch College, we're going to rely on reputable ranking lists. These consider factors like reputation, student selectivity, income after graduating, and more to determine the value of a school.
Value Judgment
So how does Baruch College stack up?
High Value
Based primarily on its academic reputation, we consider Baruch College (City University of New York) a high value school, placing it in the top 20% of schools in terms of value.
As a regional school, Baruch College may not have the national reputation of schools like Stanford or Boston University, but it's still considered to be one of the best schools in its class. This means your classmates will be well above average and you'll belong to an exciting community. Furthermore, graduating from here will make you pretty competitive in the workplace.
On the value ranking lists we used, Baruch College didn't appear in the rankings. This usually means that, compared to other schools of its reputation, the net price is relatively high. This can be because of a higher tuition cost, lower financial aid support, or more.
Overall, we still believe attending Baruch College (City University of New York) is a good value, and it's likely to be a good investment in the long run. However, if you can get into a better school, with a better reputation and lower costs, this can be an even better decision.
How Do You Get In?
Since Baruch College has a strong reputation, you'll have to submit a competitive application to get in. This means you need above average SAT/ACT scores compared to other applicants, as well as a solid GPA and overall application.
How do you compare to other students accepted to Baruch College? Check out our Admissions Guide to Baruch College.
What Other Schools Should You Consider?
Your next step should be to get a better idea of costs and aid availability at similar schools. If you’re interested in Baruch College, you should check out some other high-value schools that could give you more bang for your buck. Get started here to check both in-state and out-of-state schools that might provide a better value.
Better Value Schools
Finally, we're going to look at schools that might offer a better value than Baruch College (City University of New York). To compile this list, we first find schools at similar academic levels, so you have a similar chance at getting in. Then we select schools that better value for you, by being more affordable or having a higher quality of education
It’s hard to know exactly what schools will be a great value for you without information on your family income. Enter your family income here for the best recommendations for schools:
In-State Schools
There are a lot of potential financial benefits that come with attending a school close to home. For example, in-state public schools tend to have subsidized tuitions for state residents. Students may also have the chance to save money if they choose to stay at home.
If you’re looking for good deals on schools in your state, you should start by checking out the following colleges and universities:
Out-of-State Schools
You can still get a good value on your education if you choose to attend an out-of-state school, especially if you qualify for generous financial aid.
If you’re interested in getting an education out-of-state, start by checking out the following colleges and universities:
| School Name | Location | SAT | ACT | GPA |
|---|---|---|---|---|
| Indiana University Bloomington | Bloomington, IN | 1310 | 29 | 3.76 |
| Berea College | Berea, KY | 1217 | 25 | 3.62 |
| Louisiana State University | Baton Rouge, LA | 1225 | 25 | 3.77 |
| Texas A&M University | College Station, TX | 1275 | 29 | 3.78 |
| University of North Carolina School of the Arts | Winston-Salem, NC | 1187 | 25 | 3.75 |
| Berea College | Berea, KY | 1217 | 25 | 3.62 |
| University of Washington | Seattle, WA | 1340 | 30 | 3.83 |
| Texas A&M University | College Station, TX | 1275 | 29 | 3.78 |
| University of Central Arkansas | Conway, AR | 1070 | 24 | 3.6 |
| Oakland University | Rochester, MI | 1123 | 24 | 3.5 |
| University of Washington Bothell | Bothell, WA | 1148 | 29 | 3.53 |
| University of South Florida | Tampa, FL | 1250 | 27 | 4 |
| Clemson University | Clemson, SC | 1310 | 30 | 4.43 |
| Southern Polytechnic State University | Marietta, GA | 1210 | 25 | 3.51 |
| University of Central Arkansas | Conway, AR | 1070 | 24 | 3.6 |
| University of Michigan - Dearborn | Dearborn, MI | 1146 | 25 | 3.67 |
| New Mexico Institute of Mining and Technology | Socorro, NM | 1310 | 25 | 3.65 |
| Murray State University | Murray, KY | 1084 | 24 | 3.56 |
| Southern Polytechnic State University | Marietta, GA | 1210 | 25 | 3.51 |
| University of Central Arkansas | Conway, AR | 1070 | 24 | 3.6 |
| University of Michigan - Dearborn | Dearborn, MI | 1146 | 25 | 3.67 |
| University of Wyoming | Laramie, WY | 1160 | 25 | 3.53 |
| William Carey University | Hattiesburg, MS | 1090 | 25 | 3.51 |
How would your chances at getting into Baruch College (City University of New York) improve with a better score?
Now that we've figured out whether you can afford Baruch College, we need to focus on getting you in. A big part of this is your SAT/ACT score.
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