Estimated Budget
The estimated budget covers the cost of attendance, including tuition and fees and an estimated cost for living expenses in the Pasadena area. Several estimates are given — for living on campus in a single, double and quad apartment, and another for an off-campus apartment. These estimates are based on the best information available from the Institute and surveys of housing costs in the surrounding community. The Estimated Budget for 2020-2021 is part of the official basis for determination of financial aid.
2020-2021 Estimated Budget
| On-Campus (single.) | On-Campus (shared 2-bedroom) | On-Campus (shared 4-bedroom) | Off-Campus (shared 2-bedroom) | |
| Room | $16,320 | $9,600 | $8,160 | $15,300 |
| Food | $9,125 | $9,125 | $9,125 | $9,125 |
| Utilities | $1,200 | $1,200 | $1,200 | $1,800 |
| Books/Supplies | $1,400 | $1.400 | $1,400 | $1,400 |
| Personal Expenses | $4,500 | $4,500 | $4,500 | $4,500 |
| Transportation | $2,400 | $2,400 | $2,400 | $2,400 |
| SUBTOTAL | $34,945 | $28,225 | $26,785 | $34,525 |
| Tuition | $54,570 | $54,570 | $54,570 | $54,570 |
| Mandatory Fees | $2,079 | $2,079 | $2,079 | $2,079 |
| TOTAL TUITION AND FEES | $56,649 | $56,649 | $56,649 | $56,649 |
| TOTAL ESTIMATED BUDGET | $91,594 | $84,874 | $83,434 | $91,174 |
Notes
*First-year students should anticipate additional relocation and set-up expenses of about $3,000. Some campus apartments will come furnished, but you will need to supply your own linens and personal items.
*Under the current Internal Revenue Code, stipends are subject to income tax, but the tuition is not taxable.
*Personal expenses includes the health insurance contribution and dental insurance. The majority of the health insurance costs are subsidized by the Institute, but students are responsible for a portion of the costs. For the most recent rates, please refer to the Benefits website.