by our College Data Analytics TeamMost students are not billed the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The sum total of attendance at Albion College can sound tremendous, but do not forget that almost all students get some type of financial help.
What financial aid options can Albion offer you, and what will you qualify for? Keep reading for more information. Read on to learn what amount of financial assistance will be accessible to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Read on to get a sense of the financial assistance available at Albion College.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
For freshmen starting at Albion College, 100% of first-year full-time students received aid of some kind around 363 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $53,298 |
| Institutional grants & scholarships | 100% | $46,538 |
| Federal Pell grants | 52% | $6,109 |
| State/local grants | 50% | $6,534 |
| Federal student loans | 61% | $5,164 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At this school, some 100% of the undergraduate population received grant aid that averaged $50,029 (across approximately 1349 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $50,029 |
| Federal Pell grants | 47% | $6,120 |
| Federal student loans | 64% | $6,745 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $55,685.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $10,956 |
| $30,001 – $75,000 | $12,899 |
| Over $75,000 | $24,032 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
Net price is the average annual cost after grants and scholarships are subtracted from the published cost of attendance — the figure closest to what a typical aid-receiving student actually pays.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $14,301 |
| Off-campus title-IV students | $16,882 |
For a customized cost estimate, visit Albion’s official net price calculator: apply.albion.edu/portal/npc.
Graduating students at Albion carry a median federal student debt of $19,500 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $19,500 |
| Median federal debt (graduates only) | $27,000 |
| Typical 10-year monthly payment (graduates) | $286.24/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
A single median figure conceals how much debt outcomes differ student to student. Use the percentiles below to see the debt range at Albion.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,500 |
| 25th percentile | $8,078 |
| 75th percentile | $31,000 |
| 90th percentile (highest-debt students) | $36,000 |
Debt outcomes are not uniform — they shift with income, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $18,250 |
| Middle income | $21,345 |
| High income | $19,500 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $19,500 |
| Continuing-generation students | $19,750 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $19,500 |
| Independent students | $25,000 |
The figure below distills the debt data into a single burden category for Albion.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The totals below capture Stafford lending at Albion:
| Metric | Value |
|---|---|
| Stafford loan recipients | 5644 |
| Total Stafford loan amount | $91,094,742 |
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 | 7 |
| Total GI Bill amount | $200,146 |
| Average GI Bill amount per recipient | $28,592 |
References
More about our data sources and methodologies.