by our College Data Analytics TeamMost students won’t pay the advertised price of a school. Instead, they will be provided with a financial aid plan that includes a mix of scholarships, grants, loans, and work-study. But some kinds of aid are more desirable than others, and some students will get more than others.
Uncover the various financial aid options provided by Albany State and determine which ones you may be eligible for by continuing your exploration.
Albany State University average financial aid offer for freshmen students is $5,637.00. 99% of first-year students are awarded financial aid, primarily comprising loans.
A financial aid package includes loans, grants, and scholarships. However, student loans have to be paid back, so they aren’t a true discount.
A student loan isn’t a genuine college price reduction, but rather an additional cost consideration. Discover how much student loan debt from Albany State University you could end up dealing with.
Institutional scholarships and grants refer to financial aid provided directly by a college or university to support students in covering their educational expenses. These awards can be either merit-based or need-based and do not require repayment. Merit-based institutional scholarships reward students who have demonstrated exceptional academic achievements, talents, or skills in specific areas. Such scholarships often take into account a student’s high school performance, standardized test scores, or extracurricular activities. On the other hand, need-based institutional grants are allocated to students who exhibit financial need. The amount awarded is usually determined by the student’s family’s financial circumstances and aims to cover the difference between the cost of attendance and the family’s capacity to pay. To assess eligibility for need-based grants, colleges and universities may use information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants play a crucial role in assisting students, as they can considerably lower the cost of college and make higher education more attainable.
The numbers below apply to scholarships and grants primarily provided by Albany State University.
16% of first-year students (206 total) were offered scholarships at Albany State University, averaging $5,194.00 per person. This puts it in the top 50th percentile among colleges and universities nationwide.
In addition to scholarships, 97% of first-year students (1281 total) got federal grant aid, averaging $5,187.00 per person.
The table shows scholarship and grant allocations by income for first-year students receiving any type of federal Title IV assistance, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 51.13% | $6,829.00 |
| Income 30k-48k | 16.94% | $6,139.00 |
| Income 48k-75k | 8.85% | $3,467.00 |
| Income 75k-110k | 2.42% | $2,055.00 |
| Income 110k + | 0.91% | $820.00 |
The table above shows students who are receiving Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more.
1281 Albany State undergrads obtain grant aid (this is about 99% of the entire undergraduate student population). The average amount these students receive is $5,637.00.The largest share of which are in the guise of Pell Grants.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.