Answers to Questions About Student Loans
The majority of students take on debt in order to pay for their degree. The question you need to ask yourself is how much debt will I have to take on to pay for Albion College, and how easily will I pay it off? Keep scrolling down the page for answers.
Freshmen At Albion College Take Out an Average of $9,747 in Loans in Their First Year
At Albion College 66.0% of incoming students take out a loan to help defray freshman year costs, averaging $9,747. This amount includes both private and federally-funded student loans. The average federal loan is $7,294, 132.6% of the first-year borrowing cap of $5,500* for the typical first-year dependent student.