How Much Does the Institute Actually Cost?
If you’re reading this, we’re assuming you’re somewhat interested in attending the Institute for G.O.D. - at least enough to be checking out the price tag. Here we’ll break down the costs and explain why the Institute is such a sweet deal.
Considering the Cost
Unlike clothing, cars, or other goods, it can be difficult to assess the cost of an education. Sometimes the higher costs are equivalent to a higher value, but many times, it’s just more debt you have hanging over your head after graduation. But how can you tell whether an education is worth the price? There’s no warranty or receipts to get a refund if you are unsatisfied, so examining upfront what you are actually getting is a crucial step, and it’s why we wrote this, to help give you a better understanding of the actual cost of attending the Institute.
First, let’s start with some statistics: the average American college student graduates with $32,000 worth of debt. And what’s worse is that the average college graduate with that much debt spends an average of 20 years paying it off. This leaves most incoming college students either looking for a cheap school or a school which will allow them to get such a good job upon graduation that they will be able to pay off the loan quickly. Unfortunately, both options are a gamble. Your cheap school may provide you with a poor education creating a set back for your success in the workplace, or despite going to a good school, you may not get a good enough job upon graduation to get out of debt.
Now let’s look at some other statistics: the average Institute for G.O.D. student graduates with zero debt, and thus spends no time working to pay it off. And with their ProDev program, students can actually graduate with four years of work experience under their belt, and if that’s not already enough, students are guaranteed a job offer upon graduation. Awesome, right? But how is this possible? First, let’s check out the actual costs.
Calculating the Cost
Annual School Costs
Estimated Tuition & Fees: $14,800
Estimated Housing & Meals: $9,775
Books: $700
TOTAL: $25,275
The G.O.D. International Scholarship
All G.O.D. students can apply for the G.O.D. Int’l Scholarship. While the Institute for GOD does not currently participate in Federal Student Aid programs, it does offer institutional need-based aid to eligible students. To learn more contact one of our admissions counselors.
Professional Development Program
The Institute’s Professional Development Program (ProDev) is a competitive and innovative work-and-learning opportunity. Through ProDev, students can access employment for up to 25 hours per week and $12,655 in additional aid for tuition, fees, housing, meals, and books. This model helps students like you pay for college now, not later.
Another benefit of the ProDev program is that it gives students work experience to help them build their resume while they are studying. This allows them to skip over some of the internships or entry-level positions they would otherwise need to undergo when starting out in the professional world. You don’t want to rack up a lot of debt only to realize you’ll need to settle for lower-paying jobs because you still lack the work experience necessary to get the ones you want.
ProDev allows you to get real work experience while paying for your college education so that upon graduation you are debt-free and job-ready.
Estimated Total Cost of Attendance
School Costs: $25,275 (Tuition, Housing, Meals ,Books, & Other Fees)
Financial Aid: -$3,995 (G.O.D. Int’l Scholarship & Academic Scholarship)
ProDev: -$12,655
Average out-of-pocket cost: $6,000 (for a full time, on campus undergrad)
Living Costs
You don’t want to forget to include regular costs of living in your budgeting. Items like transportation, additional food, and other living expenses should be factored in as well if you are trying to create a budget. Here are some estimates you could use if you are trying to develop a financial plan for your first year of college:
Indirect Costs:
Transportation: $500
Additional Food (meals not included in meal plan): $1,728
Living Expenses: $500
TOTAL: $2,728
Net Price Calculator
Check out the Net Price Calculator on the website to help you determine a more accurate estimate specific to your situation. If you have any questions or concerns, feel free to reach out to our admissions counselors who will be able to help you answer any questions or concerns you may have.
Sources:
Song, Justin. “Average Student Loan Debt in America: Facts & Figures.” Value Penguin.
https://www.valuepenguin.com/average-student-loan-debt
Carter, Matt. “What is the Average Time It Takes to Repay Student Loans.” Credible. 14 October 2021
https://www.credible.com/blog/statistics/average-time-to-repay-student-loans-statistics/