Why Undertanding Financial Aid is Important
The amount of financial aid, scholarships, and grants varies depending on your situation. Make use of the information below to better understand how much tuition assistance you'll obtain from Albany State based on income and merit.
How Much Financial Aid is Available?
Albany State University's average financial aid offer for newly arriving first year students is $13,505. Around 90.0% of first year students get some money for college, most of which is in the form of scholarships and grants.
Financial aid helps reduce the cost, or the full retail price of the school. However, know that the only real college discount are scholarships & grants.
A loan is not a genuine college discount, but rather an additional cost consideration. Find out how much student loan debt from Albany State you could end up taking on.
How Much Aid Is Offered in Scholarships & Grants?
The following grants and scholarships consist of mainly federally provided grants, plus some state and local awards. 81.0% of first years at Albany State University (346 total) were awarded a federal grant, averaging $5,094. In addition to grants, 13.0% of first years (56 total) got scholarships by the university, totaling $3,415 per student.
The chart underneath displays the average level of scholarship and grant aid distributed to all freshmen.
Grants are normally based on need while scholarships are based on merit or ability.
How Family Income Affects Aid
The next chart displays grant and scholarship distributions by income for freshman students receiving any sort of federal Title IV assistance, such as Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 53.5% | $7,705 |
| Income 30k-48k | 17.8% | $6,680 |
| Income 48k-75k | 11.2% | $3,327 |
| Income 75k-110k | 6.3% | $3,049 |
| Income 110k + | 3.7% | $2,201 |
Financial assistance by the government in the form of loans, grants, and work-study is known as Title IV aid. Get more info on Title IV here..
The Typical Undergrad Who Gets a Scholarship or Grant Gets $5,594
81.0% of the 3,316 undergraduate students at Albany State University receive some kind of grant aid. A total around 2,672 students benefiting from an average of $5,594 each. The most of which are in the form of Pell Grants.
Financial Aid Links from Albany State University
| Financial Aid Department Website | https://www.asurams.edu/financial-aid/ |
| Net Price Calculator | https://gateway.asurams.edu/calculator/ |
