by our College Data Analytics TeamThe majority of students will never be charged the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The total cost of going to Albertus Magnus College can seem overpowering, but remember that the majority of students are given some form of financial assistance.
Just what financial assistance solutions will Albertus Magnus provide, and just what are you going to be eligible for? Read on for answers. Scroll down to learn how much school funding will be available to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. Read on to get a sense of the financial assistance available at Albertus Magnus College.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
At Albertus Magnus College, 100% of the incoming full-time class was awarded financial aid roughly 171 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $28,898 |
| Institutional grants & scholarships | 96% | $24,263 |
| Federal Pell grants | 47% | $7,375 |
| State/local grants | 41% | $4,238 |
| Federal student loans | 77% | $9,222 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. Across the undergraduate body at Albertus Magnus, some 86% of undergrads got grants or scholarships worth on average $22,596 (for some 765 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 86% | $22,596 |
| Federal Pell grants | 51% | $5,759 |
| Federal student loans | 74% | $10,102 |
Title-IV recipients living on campus saw average grant aid of $25,379.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $32,883 |
| $30,001 – $75,000 | $32,140 |
| Over $75,000 | $32,945 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $34,028 |
| Off-campus title-IV students | $32,681 |
For a customized cost estimate, visit Albertus Magnus’s NPC: www.albertus.edu/admission-aid/financial-aid/net-price-calculator.php.
The median student at Albertus Magnus graduates with $25,000 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $25,000 |
| Median federal debt (graduates only) | $30,964 |
| Typical 10-year monthly payment (graduates) | $328.27/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
The numbers below show the full range, not just the middle of the distribution. The percentiles below describe the cumulative federal debt distribution for borrowers at Albertus Magnus.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,750 |
| 25th percentile | $9,500 |
| 75th percentile | $34,642 |
| 90th percentile (highest-debt students) | $46,062 |
Median debt varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $25,000 |
| Middle income | $27,000 |
| High income | $19,374 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $25,000 |
| Continuing-generation students | $23,588 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $15,000 |
| Independent students | $29,552 |
A handful of calculated indicators summarize the debt outlook at Albertus Magnus.
Stafford loans make up the bulk of federal direct lending to undergraduates. These figures summarize annual Stafford program activity at Albertus Magnus:
| Metric | Value |
|---|---|
| Stafford loan recipients | 9361 |
| Total Stafford loan amount | $292,568,748 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 22 |
| Total GI Bill amount | $240,576 |
| Average GI Bill amount per recipient | $10,935 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.