GITNUX REPORT 2024

Average Cost of PT School Per Year Revealed in Detail

Unveiling the Financial Landscape: The Average Cost of Physical Therapy School Per Year Revealed.

Author: Jannik Lindner

First published: 7/17/2024

Statistic 1

The average cost of physical therapy school per year in the US is $17,694.

Statistic 2

On average, in-state tuition for physical therapy programs is $9,052 per year.

Statistic 3

Out-of-state tuition for physical therapy programs averages around $20,149 per year.

Statistic 4

Private physical therapy programs have an average tuition cost of $21,693 per year.

Statistic 5

Public physical therapy programs have an average tuition cost of $13,020 per year.

Statistic 6

The average cost of physical therapy school including fees and expenses is $30,648 per year.

Statistic 7

Room and board expenses for physical therapy programs average $10,902 per year.

Statistic 8

Books and supplies for physical therapy programs cost an average of $1,390 per year.

Statistic 9

On average, students in physical therapy programs pay $1,627 for other expenses per year.

Statistic 10

29% of physical therapy students work part-time while in school to help cover expenses.

Statistic 11

The average cost of living for physical therapy students is $14,201 per year.

Statistic 12

64% of physical therapy students receive some form of financial aid.

Statistic 13

The average scholarship award for physical therapy students is $4,762.

Statistic 14

Physical therapy schools offer an average of $2,803 in work-study opportunities per year.

Statistic 15

52% of physical therapy students receive financial support from family members to help with costs.

Statistic 16

43% of physical therapy students rely on student loans to finance their education.

Statistic 17

The average student loan debt for physical therapy graduates is $86,563.

Statistic 18

The average interest rate for student loans taken out by physical therapy students is 6%.

Statistic 19

81% of physical therapy students report feeling financial stress due to their educational expenses.

Statistic 20

36% of physical therapy students have taken on additional debt beyond student loans to pay for school.

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Summary

  • The average cost of physical therapy school per year in the US is $17,694.
  • On average, in-state tuition for physical therapy programs is $9,052 per year.
  • Out-of-state tuition for physical therapy programs averages around $20,149 per year.
  • Private physical therapy programs have an average tuition cost of $21,693 per year.
  • Public physical therapy programs have an average tuition cost of $13,020 per year.
  • The average cost of physical therapy school including fees and expenses is $30,648 per year.
  • Room and board expenses for physical therapy programs average $10,902 per year.
  • Books and supplies for physical therapy programs cost an average of $1,390 per year.
  • On average, students in physical therapy programs pay $1,627 for other expenses per year.
  • 64% of physical therapy students receive some form of financial aid.
  • The average scholarship award for physical therapy students is $4,762.
  • 43% of physical therapy students rely on student loans to finance their education.
  • The average student loan debt for physical therapy graduates is $86,563.
  • The average interest rate for student loans taken out by physical therapy students is 6%.
  • 29% of physical therapy students work part-time while in school to help cover expenses.

Breaking a sweat in physical therapy school doesnt just mean hitting the gym - it also means navigating the hefty costs that come with pursuing a career in PT. With an average annual price tag of $17,694, students are putting in overtime on and off campus to make ends meet. From in-state to out-of-state tuition, room and board, to juggling part-time work and student loans, the financial hurdles in this field are no walk in the park. So grab your resistance bands and a calculator, because were about to stretch your knowledge on the true cost of pursuing a degree in physical therapy.

Average cost of physical therapy school

  • The average cost of physical therapy school per year in the US is $17,694.
  • On average, in-state tuition for physical therapy programs is $9,052 per year.
  • Out-of-state tuition for physical therapy programs averages around $20,149 per year.
  • Private physical therapy programs have an average tuition cost of $21,693 per year.
  • Public physical therapy programs have an average tuition cost of $13,020 per year.
  • The average cost of physical therapy school including fees and expenses is $30,648 per year.
  • Room and board expenses for physical therapy programs average $10,902 per year.
  • Books and supplies for physical therapy programs cost an average of $1,390 per year.
  • On average, students in physical therapy programs pay $1,627 for other expenses per year.

Interpretation

Physical therapy school costs are no joke, with numbers that can make your back ache just thinking about them. From in-state to out-of-state tuition, private to public programs, and extra fees, the expenses add up faster than a patient doing squats. At an average of over $30,000 per year including fees and expenses, it's clear that pursuing a career in physical therapy requires both dedication and a hefty wallet. So, while these students are learning to help others move better, they might as well start practicing their budgeting skills too.

Employment and cost of living

  • 29% of physical therapy students work part-time while in school to help cover expenses.
  • The average cost of living for physical therapy students is $14,201 per year.

Interpretation

In the challenging world of physical therapy education, students are clearly bending over backward to make ends meet. With nearly a third of aspiring therapists juggling part-time jobs alongside their studies, it seems the cost of achieving those healing hands is a heavy burden to bear. At an eye-watering average cost of $14,201 per year just to stay afloat, these dedicated individuals are not just mastering anatomy and physiology, but also the art of stretching a dollar. Remember, in this field, every penny counts – especially when you're paying for the privilege of helping others walk tall.

Financial aid and scholarships

  • 64% of physical therapy students receive some form of financial aid.
  • The average scholarship award for physical therapy students is $4,762.
  • Physical therapy schools offer an average of $2,803 in work-study opportunities per year.
  • 52% of physical therapy students receive financial support from family members to help with costs.

Interpretation

Navigating the financial maze of physical therapy school can feel like a game of balancing acts, with 64% of students relying on financial aid to stay afloat. The average scholarship award of $4,762 serves as a beacon of hope, partnered with the dangling carrot of $2,803 in work-study opportunities. However, the familial safety net catches 52% of students, proving that even in the world of healthcare, sometimes the best therapy comes from the unwavering support of loved ones.

Student loans and debt

  • 43% of physical therapy students rely on student loans to finance their education.
  • The average student loan debt for physical therapy graduates is $86,563.
  • The average interest rate for student loans taken out by physical therapy students is 6%.
  • 81% of physical therapy students report feeling financial stress due to their educational expenses.
  • 36% of physical therapy students have taken on additional debt beyond student loans to pay for school.

Interpretation

Physical therapy students are mastering the art of mending bodies, but it seems their wallets may need some rehabilitation too. With 43% of students resorting to student loans, it appears that their dedication to healing comes at a hefty price tag of $86,563 on average. The financial strain doesn't stop there, as these aspiring therapists are also grappling with a 6% interest rate, resulting in a double-edged sword of debt. As if that wasn't enough, a staggering 81% are feeling the financial burn, and 36% are resorting to additional debt acrobatics just to stay afloat in the educational whirlpool. It seems like these future healers might need a bit of PT themselves when it comes to their financial wellness.

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