University of Iowa
Iowa City, IA 52242-1316 — Public
Value Score: 75/100 | ROI Score: 43 | Affordability Score: 90/100
Tuition (In-State): $11,283 | Out-of-State: $33,371
Acceptance Rate: 83.6% | Graduation Rate: 73.9% | Retention Rate: 90.4%
Median Earnings (10yr): $64,762 | Median Debt: $22,500
SAT Average: 1200 | ACT Midpoint: 26
Student Body Size: 22,264 (large)
Pell Grant Recipients: 18.4% | Federal Loan Rate: 41.9%
Average Faculty Salary: $12,922/month
Tuition & Affordability Analysis
In-state tuition at University of Iowa is $11,283 per year, which is 3% above the national average for public institutions.
Out-of-state students pay $33,371/year — a premium of $22,088 over in-state rates. Over four years, out-of-state students pay approximately $88,352 more than their in-state peers.
Estimated four-year tuition cost: $45,132 (tuition only, not including room, board, and fees).
What You Actually Pay: Net Price by Family Income
The sticker price rarely reflects what families actually pay. After grants and scholarships, here is the average net price by family income bracket at University of Iowa:
- Families earning $0–$30,000: $15,316/year
- Families earning $30,001–$48,000: $15,489/year
- Families earning $48,001–$75,000: $19,930/year
- Families earning $75,001–$110,000: $23,811/year
- Families earning $110,000+: $26,266/year
Admissions Snapshot
University of Iowa has an acceptance rate of 83.6%, placing it in the Less Selective (70–85%) category. This means roughly 6,656 students apply each year.
University of Iowa accepts the majority of applicants, making it an accessible option for students across a range of academic backgrounds.
The average SAT score of admitted students is 1200, 13% above the national average. This reflects a strong academic student body.
The ACT midpoint is 26, 24% above the national average.
Graduate Outcomes & Return on Investment
73.9% of students at University of Iowa complete their degree, 19% above the national average. This is a solid graduation rate.
First-year retention rate: 90.4% (12% above the national average). A retention rate above 90% signals high student satisfaction and strong first-year experience programs.
Graduates of University of Iowa earn a median salary of $64,762 ten years after enrollment, 58% above the national average. This represents a $29,762/year earnings premium over the average high school diploma holder, or $892,860 in additional lifetime earnings over a 30-year career.
The median student debt at graduation is $22,500, 5% above the national average. On a standard 10-year repayment plan at 5.5% interest, this translates to approximately $244/month, with a total repayment of $29,280 (including $6,780 in interest).
Debt-to-Earnings Ratio: 0.35x. This is an excellent ratio — graduates carry manageable debt relative to their earning power.
Breakeven Point: Based on the earnings premium over high school graduates, a degree from University of Iowa pays for itself in approximately 2 years. This is an excellent return on investment.
Financial Aid Profile
18.4% of students at University of Iowa receive Pell Grants (federal need-based aid for families earning under ~$60,000), 44% below the national average. A lower Pell rate suggests the student body skews toward higher-income families. Merit aid may be more prevalent than need-based aid.
41.9% of students take federal loans, 11% below the national average. This is a moderate borrowing rate.
Average faculty salary: $12,922/month, 48% above the national average. Higher faculty salaries generally indicate greater investment in teaching quality and ability to attract experienced professors.
Student Body & Campus Diversity
University of Iowa enrolls 22,264 undergraduate students. As a major university, University of Iowa offers extensive resources, hundreds of student organizations, Division I athletics, and a vast alumni network.
Diversity Index: 44/100 (higher = more diverse). The student body is less diverse than average.
Student body composition: White 74%, Hispanic 9%, Black 3%, Asian 4%.
University of Iowa: Large Public University with Strong Academic Programs and Good Career Outcomes
- University of Iowa: Big Ten Education, Midwestern Value
- Launch Your Career from Iowa: Strong Outcomes, Attainable Price
- More Than Just Hawkeyes: Unlocking Your Potential at the University of Iowa
Report Card: Overall Grade C+
University of Iowa receives an overall grade of C+ based on six dimensions:
- Academics: C
- Value: B-
- Outcomes: B
- Affordability: C+
College Analysis
University of Iowa is a Public institution in Iowa City, IA with approximately 22,264 students. Academics: Strong in engineering and health sciences, with a high graduation rate of 73.85%. Value: High tuition for out-of-state students, but in-state tuition is affordable with an affordability score of 90. Outcomes: Graduates earn a median salary of $64,762 after 10 years, with a relatively low median debt of $22,500.
The Verdict: Is University of Iowa Worth It?
The University of Iowa presents a compelling value proposition, especially for in-state students. With an in-state tuition of $11,283 and a median 10-year earnings of $64,762, the return on investment is solid. The median debt of $22,500 is also relatively modest. For an in-state student, the initial investment is around $45,132 for four years (tuition only). Earning $64,762 annually means that, in theory, a graduate could pay off their tuition costs in less than a year of post-graduation employment, not even accounting for living expenses or the fact that earnings typically increase over time. Even for out-of-state students, while the tuition is significantly higher ($33,371 annually), the median earnings still suggest a reasonable payback period, especially for high-demand majors. The ROI score of 43 indicates a good, though not exceptional, financial return. Overall, the University of Iowa is a good deal, particularly for Iowa residents, offering a quality education with strong career outcomes at a competitive price point. It's a hidden gem for those seeking a strong public university education without the exorbitant price tag of some other institutions.
Return on Investment
While the degree is worth the cost for in-state students, out-of-state students may find the high tuition less justifiable.
Debt Reality Check
Median student debt at University of Iowa: $22,500. Monthly payment on a standard 10-year plan: $255/month. Total repaid: $30,600 ($8,100 in interest).
Breakeven vs high school diploma: 0.6 years. Debt burden: Low. Salary needed for comfortable repayment: $30,600.
Strengths
- Strong academic programs in engineering and health sciences.
- Good career outcomes with a median salary of $64,762 after 10 years.
Weaknesses
- High tuition for out-of-state students.
- Smaller proportions of non-white students in the student body.
Academic Profile
SAT Average: 1200. ACT Midpoint: 26. Retention Rate: 90.4%.
The University of Iowa boasts a strong academic reputation, particularly recognized for its programs in health sciences, engineering, and the humanities. The Carver College of Medicine and the College of Public Health are highly regarded, attracting top-tier faculty and research funding. Engineering students benefit from the College of Engineering's focus on hands-on learning and innovation, with popular majors including Biomedical Engineering and Mechanical Engineering. For those drawn to the arts and letters, the College of Liberal Arts and Sciences is home to the renowned Iowa Writers' Workshop, a prestigious graduate program that draws aspiring authors from around the globe, and strong departments in English, History, and Political Science. Undergraduate research is a cornerstone of the Iowa experience, with numerous opportunities for students to engage with faculty on cutting-edge projects, often starting as early as their sophomore year. The University Honors Program provides a challenging academic environment for high-achieving students, offering smaller class sizes, enriched coursework, and priority registration. Study abroad programs are extensive, with options to explore over 100 countries, allowing students to broaden their global perspectives. Academic support is robust, with resources like the Pomerantz Career Center for career development, the Writing Center for writing assistance, and various tutoring services available through academic departments and the Learning Commons.
Financial Aid Guide for University of Iowa
Pell Grant recipients: 18.4%. Students taking federal loans: 41.9%.
The University of Iowa offers a comprehensive financial aid program designed to make its education accessible. For the 2023-2024 academic year, the average financial aid package for undergraduates was substantial, with many students receiving a mix of grants, scholarships, and loans. Merit-based scholarships are available for incoming freshmen who demonstrate strong academic achievement, often awarded automatically based on GPA and test scores (though test scores are not currently a primary factor). Need-based aid, in the form of Pell Grants and Iowa grants, is crucial for many students. For instance, students from families with an annual income below $30,000 might expect a significant portion of their tuition and fees to be covered by grants and scholarships. Work-study opportunities are also plentiful, providing students with part-time jobs on campus or in the community, allowing them to earn money while gaining experience. While Iowa does not have a formal policy on aid negotiation, students facing extenuating financial circumstances or with competing offers can contact the Office of Financial Aid to discuss their situation. It's advisable for all prospective students to complete the FAFSA by the priority deadline (typically early March) to ensure maximum consideration for all types of aid. For students with an ACT score in the 20-25 range and a GPA around 3.0-3.5, a typical aid package might include $5,000-$10,000 in grants and scholarships, with additional federal loan eligibility. Students with higher academic profiles could see merit awards ranging from $2,000 to $15,000 annually.
Hidden Costs at University of Iowa
- On-campus housing can range from $7,000 to $10,000 per academic year, depending on the room type and amenities.
- Meal plans vary, with options typically costing between $4,000 and $5,500 annually.
- Textbooks and course materials can add $1,000 to $1,500 per year.
- Student activity fees, technology fees, and other miscellaneous campus fees can total around $1,000-$1,500 annually.
- Transportation costs, including parking permits (if applicable, which can be $200-$500 annually) and public transit, should be factored in.
- Personal expenses, such as toiletries, entertainment, and snacks, can easily amount to $1,500-$2,500 per year.
- Health insurance is often included in tuition for residents, but for non-residents or those opting out, it can be an additional $2,000-$4,000 annually.
Alumni Outcomes & Career Paths
Graduates from the University of Iowa (UIowa) are well-positioned for a variety of career paths, with a strong presence in key industries. Major employers actively recruiting on campus include Deloitte, EY, PwC, Northwestern Mutual, and Principal Financial Group, particularly for business, accounting, and finance majors. The technology sector also sees significant interest, with companies like Google and Microsoft occasionally recruiting for specialized roles. Industries where UIowa alumni cluster include healthcare (University of Iowa Hospitals & Clinics, UnityPoint Health), finance and insurance (Principal Financial Group, Nationwide), manufacturing (Rockwell Collins, John Deere), and education. For those pursuing advanced degrees, UIowa boasts strong graduate school placement rates, with alumni attending top-tier programs in law, medicine, and various STEM fields. The university's career services are generally well-regarded, offering robust support through resume workshops, mock interviews, and career fairs. Internship pipelines are strong, particularly through the Tippie College of Business, which has established relationships with numerous companies for co-ops and internships. Geographic hiring patterns show a significant concentration of alumni in Iowa and the Midwest, but also a notable presence in major metropolitan areas like Chicago, Minneapolis, and even coastal hubs for those in tech and finance. Notable alumni include actor Tom Brokaw, author Kurt Vonnegut, and former NFL player and coach Hayden Fry, demonstrating a broad impact across various fields.
Campus Life & Culture at University of Iowa
The University of Iowa attracts a diverse student body, with a significant portion of students hailing from Iowa and surrounding Midwestern states, though a growing number come from across the nation and internationally. Students who thrive here are often independent, engaged, and appreciate a strong sense of community within a larger university setting. The culture fosters intellectual curiosity and encourages students to explore a wide range of academic and extracurricular interests.
The University of Iowa, nestled in the vibrant college town of Iowa City, offers a dynamic campus culture that balances robust academic pursuits with a lively social scene. The "Hawkeye spirit" is palpable, especially on game days when Kinnick Stadium erupts with energy. Students often describe the vibe as friendly, down-to-earth, and engaged. The pedestrian-friendly campus is dotted with iconic spots like the Old Capitol Building and the Pentacrest, serving as central gathering points. Housing options range from traditional residence halls like Stanley and Daum for first-year students, fostering a strong sense of community, to a variety of apartment-style living on and off campus. Many students choose to live within walking distance or a short bus ride of campus in neighborhoods like the Northside or near downtown, which are brimming with local eateries, shops, and entertainment. Dining services offer a range of options, from all-you-can-eat buffets in the dining halls to grab-and-go spots across campus. With over 500 student organizations, there's a niche for everyone, from the Hawkeye Marching Band and the Pre-Med Society to the Quidditch Club and the Improv Troupe. Greek life is a significant part of the social fabric for many, with numerous fraternities and sororities offering leadership and social opportunities. Beyond athletics, students engage in intramural sports, attend concerts at Hancher Auditorium, explore the Iowa River, and participate in the city's renowned literary scene, including the Iowa Writers' Workshop. The overall experience is one of active participation and community connection, where students are encouraged to explore their interests and make the most of the resources available.
Campus Highlights
- The Pentacrest: The historic heart of campus, featuring the Old Capitol Building, Macbride Hall, Schaeffer Hall, and Jessup Hall, surrounded by beautiful green spaces.
- Kinnick Stadium: Home of the Hawkeyes football team, famous for the "Kinnick Wave" where fans wave to patients in the adjacent children's hospital.
- Iowa River Landing: A modern, mixed-use development offering academic, research, and community spaces, including the Pomerantz Center.
- Hancher Auditorium: A premier performing arts center hosting world-class music, dance, and theater performances.
- The Pedestrian Mall: A vibrant downtown area adjacent to campus, filled with unique shops, restaurants, and live music venues.
- The Englert Theatre: A historic venue that hosts a variety of performances, lectures, and student productions.
- The Old Capitol Building: A National Historic Landmark that once served as Iowa's state capitol and now houses the university's presidential office and a museum.
Location & Regional Advantages
The University of Iowa's location in Iowa City, IA, offers a unique blend of advantages and considerations for students. Iowa City itself is a vibrant college town, consistently ranked among the best college towns in the U.S., offering a relatively low cost of living compared to major metropolitan areas. This affordability extends to housing and daily expenses, making the overall cost of attendance more manageable. While not directly adjacent to a major industry hub, Iowa City benefits from its proximity to Des Moines, the state capital and a growing center for finance, insurance, and government. Chicago is also within a reasonable driving distance (approximately 3-4 hours), providing access to a larger job market and more diverse internship opportunities. The quality of life in Iowa City is high, characterized by a strong sense of community, access to outdoor recreation, and a generally safe environment. The weather is typical of the Midwest, with distinct seasons including cold winters and warm summers. This location fosters a strong sense of campus community and allows students to focus on their studies with fewer big-city distractions, while still providing pathways to regional and national career opportunities, particularly in sectors where Iowa has a strong presence like agriculture, manufacturing, and insurance.
How to Get Into University of Iowa
The University of Iowa, with an admission rate of 83.6%, is considered a moderately selective institution. While not highly competitive, a strong application is still essential for admission. Iowa utilizes a holistic review process, meaning they consider a range of factors beyond just GPA and test scores. However, a solid academic record is paramount. Successful applicants typically have a GPA that reflects consistent effort and achievement, often in the B+ to A- range. While ACT scores are provided, the average is not published, suggesting a broad range is accepted. Focus on demonstrating a genuine interest in the University of Iowa through your application. This can be shown by visiting campus (if possible), attending virtual information sessions, and clearly articulating your reasons for choosing Iowa in your essays. The admissions essay is a key opportunity to showcase your personality, experiences, and how you will contribute to the campus community. Topics that highlight resilience, leadership, intellectual curiosity, or unique perspectives tend to resonate well. Early Action (EA) is available, which allows students to apply early and receive a decision sooner, but it is not binding. There is no Early Decision (ED) option. The application deadline for Fall admission is typically in early February, with priority consideration for scholarships often earlier. Ensure all application components are submitted by the deadlines to be considered for both admission and financial aid.
How University of Iowa Compares to Similar Schools
Similar schools: University of Wisconsin-Madison, University of Illinois Urbana-Champaign, Ohio State University, University of Michigan
Advantages
- Significantly lower out-of-state tuition compared to many Big Ten peers.
- Stronger emphasis on undergraduate teaching in certain programs.
- More affordable cost of living in Iowa City compared to larger university towns.
- Excellent value for in-state residents.
Disadvantages
- Lower national ranking and brand recognition compared to flagship universities like UMich or UIUC.
- Fewer direct connections to major East/West Coast tech and finance hubs.
- Smaller research endowment and fewer top-tier research facilities compared to larger, more research-intensive peers.
Best For
- Out-of-state students may find the high tuition cost prohibitive.
- Students seeking a more diverse student body might consider other institutions.
Avoid If
- Students who prioritize affordability and strong academic programs in engineering and health sciences should consider University of Iowa.
- Students from out-of-state who can afford the higher tuition may also find value in the university's programs.
Frequently Asked Questions about University of Iowa
How much does it cost to attend University of Iowa?
In-state tuition at University of Iowa is $11,283 per year, and out-of-state tuition is $33,371 per year. The median student debt at graduation is $22,500.
What is the acceptance rate at University of Iowa?
University of Iowa has an acceptance rate of 83.6%.
What is the graduation rate at University of Iowa?
University of Iowa has a graduation rate of 73.9%.
How much do University of Iowa graduates earn?
The median earnings for University of Iowa graduates 10 years after enrollment is $64,762. With median debt of $22,500, graduates earn roughly 2.9x their debt level annually.
How big is University of Iowa?
University of Iowa has approximately 22,264 students and is classified as a large institution. It is located in Iowa City, IA and is a Public institution.
Is University of Iowa worth the cost?
University of Iowa has an ROI score of 43 out of 100. With in-state tuition of $11,283 per year and median post-graduation earnings of $64,762, the return on investment is moderate.
Where is University of Iowa located?
University of Iowa is located in Iowa City, IA. It is a Public institution with approximately 22,264 students.
How much student debt do University of Iowa graduates have?
The median student debt for University of Iowa graduates is $22,500. With median earnings of $64,762 ten years after enrollment, graduates can expect a debt-to-income ratio of 35%.
Is University of Iowa a good college?
University of Iowa has a graduation rate of 73.9% and median post-graduation earnings of $64,762. High in-state tuition but affordable for residents with an affordability score of 90.
How does University of Iowa compare to similar colleges?
Strong in engineering and health sciences, with a high graduation rate. Compared to peer institutions, University of Iowa offers strong academic programs and good career outcomes, but the high tuition for out-of-state students is a significant drawback.
What career prospects do University of Iowa graduates have?
Graduates from University of Iowa are well-prepared for careers in engineering, health sciences, and other technical fields.
What should prospective students know about University of Iowa?
University of Iowa is well-positioned in the market for public universities, offering strong academic programs and good career outcomes.
What makes University of Iowa stand out?
Graduates have a median salary of $64,762 after 10 years, with low median debt.
What are the pros and cons of attending University of Iowa?
Diverse student body with a significant white population and smaller proportions of other ethnicities.
Explore More
Colleges in Iowa
Similar Schools
- University of Wisconsin-Madison
- University of Illinois Urbana-Champaign
- Ohio State University
- University of Michigan
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Visit University of Iowa official website
View on College Scorecard (Dept. of Education)
Analysis based on U.S. Department of Education data. Not enrollment advice. Verify information with the institution directly.