by our College Data Analytics TeamA lot of students will never be charged the full sticker price of a school. Rather, they are offered a financial aid plan that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The sum total of attendance at Albany State University can sound overwhelming, but bear in mind that many students get some type of financial aid.
What financial aid options can Albany State offer, and what will you qualify for? Keep reading for more information. Keep scrolling to learn how much school funding will be available to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. The figures below will help you estimate the aid you might receive from Albany State University.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
For freshmen starting at Albany State University, 96% of entering full-time freshmen got some type of financial assistance around 1348 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 90% | $8,503 |
| Institutional grants & scholarships | 15% | $6,987 |
| Federal Pell grants | 84% | $6,484 |
| State/local grants | 28% | $4,225 |
| Federal student loans | 74% | $5,434 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Across the undergraduate body at Albany State, about 82% of undergraduates were awarded grant or scholarship aid averaging $7,550 (among about 4951 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 82% | $7,550 |
| Federal Pell grants | 69% | $5,899 |
| Federal student loans | 63% | $6,279 |
For students living on campus and receiving title-IV aid, grants averaged $7,435.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $13,132 |
| $30,001 – $75,000 | $14,537 |
| Over $75,000 | $18,962 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $11,898 |
| Off-campus title-IV students | $14,251 |
To get a personalized net price estimate, try Albany State’s official net price calculator: www.asurams.edu/enrollment-management/financial-aid/netpricecalculator.php.
Graduating students at Albany State carry a median federal student debt of $12,000 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $12,000 |
| Median federal debt (graduates only) | $25,024 |
| Typical 10-year monthly payment (graduates) | $265.3/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
Looking only at the median can be misleading because it hides the spread. These percentiles trace how cumulative federal debt is spread among borrowers at Albany State.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,500 |
| 25th percentile | $10,500 |
| 75th percentile | $39,000 |
| 90th percentile (highest-debt students) | $49,682 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $12,000 |
| Middle income | $12,500 |
| High income | $13,000 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,000 |
| Continuing-generation students | $12,288 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $11,000 |
| Independent students | $16,579 |
These indicators are derived from the underlying debt data and summarize the overall picture at Albany State.
Most undergraduate borrowing runs through the federal Stafford loan program. The annual Stafford volume below reflects program activity at Albany State:
| Metric | Value |
|---|---|
| Stafford loan recipients | 43767 |
| Total Stafford loan amount | $989,324,098 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 82 |
| Total GI Bill amount | $305,851 |
| Average GI Bill amount per recipient | $3,730 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 12 |
| Total DoD amount | $22,980 |
| Average DoD amount per recipient | $1,915 |
References
More about our data sources and methodologies.