Cost Per Credit Calculator Formula
Understand the math behind the cost per credit calculator. Each variable explained with a worked example.
Formulas Used
Cost per Credit Hour
cost_per_credit = (total_tuition + fees) / creditsCost of a 3-Credit Course
three_credit_cost = ((total_tuition + fees) / credits) * 3Total Semester Cost
total_semester = total_tuition + feesVariables
| Variable | Description | Default |
|---|---|---|
total_tuition | Total Semester Tuition ($) | 8000 |
fees | Semester Fees ($) | 1200 |
credits | Credits per Semester | 15 |
How It Works
How to Calculate Cost per Credit
Divide total tuition and fees by the number of credits.
Formula
Cost per Credit = (Tuition + Fees) / Credits
This helps compare schools and understand the true cost of each course. A 3-credit course costs 3x the per-credit rate.
Worked Example
Semester tuition $8,000, fees $1,200, taking 15 credits.
total_tuition = 8000fees = 1200credits = 15
- 01Total semester cost = $8,000 + $1,200 = $9,200
- 02Cost per credit = $9,200 / 15 = $613.33
- 03A 3-credit course costs = $613.33 x 3 = $1,840
Ready to run the numbers?
Open Cost Per Credit Calculator