Mathematical Computations
University of Texas
Academic Years
Years Since 2004
Cost of Tuition (per year)
Cost of Tuition w/ Fees (per year)
Percent Increase - Tuition
Percent Increase - Tuition & Fees
2004-2005
1
$6,870
$11,268
2005-2006
2
$7,530
$14,435
9.61%
28.11%
2006-2007
3
$8,450
$16,310
12.22%
12.99%
2007-2008
4
$9,310
$20,364
10.18%
24.86%
2008-2009
5
$10,160
$24,544
9.13%
20.53%
2009-2010
6
$11,380
$27,760
12.01%
13.10%
2010-2011
7
$12,220
$30,006
7.38%
8.09%
2011-2012
8
$14,450
$32,538
18.25%
8.44%
2012-2013
9
$16,340
$34,378
13.08%
5.65%
2013-2014
10
$17,550
$35,100
7.41%
2.10%
2014-2015
11
$18,017.33
$40,249.34
2.66%
14.67%
2015-2016
12
$19,215.76
$43,081.89
6.65%
7.04%
2016-2017
13
$20,414.18
$45,914.44
6.24%
6.57%
2017-2018
14
$21,612.61
$48,746.99
5.87%
6.17%
2018-2019
15
$22,811.03
$51,579.55
5.55%
5.81%
Regression Line
Regression Line
y=1198.4242x+4834.667
y=2832.552x+9091.2667
R^2=.9688273491
R^2=.9897021787
Colorado School of Mines
Academic Years
Years Since 2004
Cost of Tuition (per year)
Cost of Tuition w/ Fees (per year)
Percent Increase - Tuition
Percent Increase - Tuition & Fees
2004-2005
1
$6,433
$14890
2005-2006
2
$7,082
$15358
10.09%
3.14%
2006-2007
3
$8,144
$17740
15.00%
15.51%
2007-2008
4
$8,835
$18,257
8.48%
2.91%
2008-2009
5
$10,050
$19,889
13.75%
8.94%
2009-2010
6
$11,239
$20,679
11.83%
3.97%
2010-2011
7
$12,244
$24,631
8.94%
19.11%
2011-2012
8
$12,584
$26,575
2.78%
7.89%
2012-2013
9
$13,590
$28,074
7.99%
5.64%
2013-2014
10
$14,400
$30,603
5.96%
9.01%
2014-2015
11
$15,489.27
$31,486.85
7.56%
2.89%
2015-2016
12
$16,403.66
$33,271.80
5.90%
5.67%
2016-2017
13
$17,318.05
$35,056.75
5.57%
5.36%
2017-2018
14
$18,232.45
$36,841.70
5.28%
5.09%
2018-2019
15
$19,146.84
$38,626.65
5.02%
4.84%
Regression Line
Regression Line
y=914.3939x+5430.933
y=1784.95x+11852.4
R^2=.9936334756
R^2=.9710151647
“Percent Increase of tuition per College”
School of Mines = 9.4%
University of Texas = 11%
I believe this value does directly relate to the type of institution I plan on attending. They are both very good schools and as both public schools their percent increases are very close to each other. The values do directly relate to most college rate increases. At these rate increases I would pay for these colleges.
Anticipated Average for Tuition Increase Yearly: .2%
“Tuition Percent Increase for my Undergraduate College Career”
Colorado School of Mines = 5.4%
University of Texas = 6.4%
“Largest Tuition Increases Since 2004”
Colorado School of Mines: The largest increase in tuition at Colorado School of Mines was from the 2005-2006 school years. The tuition rate increased 15%. The factors that could have contributed to this tuition increase was lab equipment improvement and technology improvement.
University of Texas: The largest increase in tuition at the University of Texas was from the 2010-2011 school years. The tuition rate increased 18.8%. The factor that contributed most to this tuition increase for out-of-state tuition students was a law enacted that protected the college rights of Texas students.
“Total Cost of 4-Year Undergraduate Degree”
Colorado School of Mines: $143,800
University of Texas: $189,400
Tentative Total Tuition Fees of 4-Year Undergraduate Degree
Colorado School of Mines: $71,100
University of Texas: $84,500
Loans and Loan Payments
“Colorado School of Mines Loans For Tuition”
Loan Amount: $71,100
Per Month: $814
Per Year: $9,768
Interest Paid: $26,499
Overall Payment: $97,600
“University of Texas Loans For Tuition”
Loan Amount: $84,500
Per Month: $969
Per Year: $11,628
Interest Paid: $26,621
Overall Payment: $111,124
Payment Plans
Which Institute is Cheaper?
Through this research I see that Colorado School of Mines would be the least expensive college. To attend this institute in a four-year undergraduate program it would be very beneficial to my future and the amount of money I will be making to insure the greatest outcome for myself. As the University of Texas’s costs will be rising by 6.4% per year Colorado School of Mines will only be raising 5.4% per year. This shows it is a cheaper school already. In this situation staying in state will save me $45,600 a year if I decide to not get student loans. The amount of money I’ll be saving if I decide to take the student loan route will cost me $128,000 more after the ten years of paying off my debt and it will cost me $1,055 more a month in interest and loans. Through not receiving loans I will be saving $139,000 a year at University of Texas and will save $45,500 a year at School of Mines. I believe staying in state and not receiving student loans is the best route to take.
University of Texas
Academic Years
Years Since 2004
Cost of Tuition (per year)
Cost of Tuition w/ Fees (per year)
Percent Increase - Tuition
Percent Increase - Tuition & Fees
2004-2005
1
$6,870
$11,268
2005-2006
2
$7,530
$14,435
9.61%
28.11%
2006-2007
3
$8,450
$16,310
12.22%
12.99%
2007-2008
4
$9,310
$20,364
10.18%
24.86%
2008-2009
5
$10,160
$24,544
9.13%
20.53%
2009-2010
6
$11,380
$27,760
12.01%
13.10%
2010-2011
7
$12,220
$30,006
7.38%
8.09%
2011-2012
8
$14,450
$32,538
18.25%
8.44%
2012-2013
9
$16,340
$34,378
13.08%
5.65%
2013-2014
10
$17,550
$35,100
7.41%
2.10%
2014-2015
11
$18,017.33
$40,249.34
2.66%
14.67%
2015-2016
12
$19,215.76
$43,081.89
6.65%
7.04%
2016-2017
13
$20,414.18
$45,914.44
6.24%
6.57%
2017-2018
14
$21,612.61
$48,746.99
5.87%
6.17%
2018-2019
15
$22,811.03
$51,579.55
5.55%
5.81%
Regression Line
Regression Line
y=1198.4242x+4834.667
y=2832.552x+9091.2667
R^2=.9688273491
R^2=.9897021787
Colorado School of Mines
Academic Years
Years Since 2004
Cost of Tuition (per year)
Cost of Tuition w/ Fees (per year)
Percent Increase - Tuition
Percent Increase - Tuition & Fees
2004-2005
1
$6,433
$14890
2005-2006
2
$7,082
$15358
10.09%
3.14%
2006-2007
3
$8,144
$17740
15.00%
15.51%
2007-2008
4
$8,835
$18,257
8.48%
2.91%
2008-2009
5
$10,050
$19,889
13.75%
8.94%
2009-2010
6
$11,239
$20,679
11.83%
3.97%
2010-2011
7
$12,244
$24,631
8.94%
19.11%
2011-2012
8
$12,584
$26,575
2.78%
7.89%
2012-2013
9
$13,590
$28,074
7.99%
5.64%
2013-2014
10
$14,400
$30,603
5.96%
9.01%
2014-2015
11
$15,489.27
$31,486.85
7.56%
2.89%
2015-2016
12
$16,403.66
$33,271.80
5.90%
5.67%
2016-2017
13
$17,318.05
$35,056.75
5.57%
5.36%
2017-2018
14
$18,232.45
$36,841.70
5.28%
5.09%
2018-2019
15
$19,146.84
$38,626.65
5.02%
4.84%
Regression Line
Regression Line
y=914.3939x+5430.933
y=1784.95x+11852.4
R^2=.9936334756
R^2=.9710151647
“Percent Increase of tuition per College”
School of Mines = 9.4%
University of Texas = 11%
I believe this value does directly relate to the type of institution I plan on attending. They are both very good schools and as both public schools their percent increases are very close to each other. The values do directly relate to most college rate increases. At these rate increases I would pay for these colleges.
Anticipated Average for Tuition Increase Yearly: .2%
“Tuition Percent Increase for my Undergraduate College Career”
Colorado School of Mines = 5.4%
University of Texas = 6.4%
“Largest Tuition Increases Since 2004”
Colorado School of Mines: The largest increase in tuition at Colorado School of Mines was from the 2005-2006 school years. The tuition rate increased 15%. The factors that could have contributed to this tuition increase was lab equipment improvement and technology improvement.
University of Texas: The largest increase in tuition at the University of Texas was from the 2010-2011 school years. The tuition rate increased 18.8%. The factor that contributed most to this tuition increase for out-of-state tuition students was a law enacted that protected the college rights of Texas students.
“Total Cost of 4-Year Undergraduate Degree”
Colorado School of Mines: $143,800
University of Texas: $189,400
Tentative Total Tuition Fees of 4-Year Undergraduate Degree
Colorado School of Mines: $71,100
University of Texas: $84,500
Loans and Loan Payments
“Colorado School of Mines Loans For Tuition”
Loan Amount: $71,100
Per Month: $814
Per Year: $9,768
Interest Paid: $26,499
Overall Payment: $97,600
“University of Texas Loans For Tuition”
Loan Amount: $84,500
Per Month: $969
Per Year: $11,628
Interest Paid: $26,621
Overall Payment: $111,124
Payment Plans
Which Institute is Cheaper?
Through this research I see that Colorado School of Mines would be the least expensive college. To attend this institute in a four-year undergraduate program it would be very beneficial to my future and the amount of money I will be making to insure the greatest outcome for myself. As the University of Texas’s costs will be rising by 6.4% per year Colorado School of Mines will only be raising 5.4% per year. This shows it is a cheaper school already. In this situation staying in state will save me $45,600 a year if I decide to not get student loans. The amount of money I’ll be saving if I decide to take the student loan route will cost me $128,000 more after the ten years of paying off my debt and it will cost me $1,055 more a month in interest and loans. Through not receiving loans I will be saving $139,000 a year at University of Texas and will save $45,500 a year at School of Mines. I believe staying in state and not receiving student loans is the best route to take.