by our College Data Analytics TeamThe majority of students are not billed 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 price tag of going to Albright College can appear overpowering, but remember that the majority of students obtain some kind of financial assistance.
Just what financing solutions does Albright provide, and just what are you going to be eligible for? Keep scrolling for answers. Read on to find out how much school funding will be available to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Continue reading to find information to help you understand just how much assistance you can expect to receive from Albright College.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
Looking at the entering class at Albright College, 100% of new full-time first-years were awarded at least some aid approximately 343 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $23,069 |
| Institutional grants & scholarships | 99% | $18,404 |
| Federal Pell grants | 53% | $5,407 |
| State/local grants | 37% | $4,941 |
| Federal student loans | 75% | $4,897 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. Here, roughly 95% of the undergraduate population received grant aid that averaged $22,116 (across approximately 1253 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 95% | $22,116 |
| Federal Pell grants | 50% | $5,781 |
| Federal student loans | 74% | $6,177 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $23,687.
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 | $17,199 |
| $30,001 – $75,000 | $19,587 |
| Over $75,000 | $26,782 |
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 | $20,024 |
| Off-campus title-IV students | $21,664 |
For a personalized estimate based on your family’s financial situation, use Albright’s net price calculator: albright.studentaidcalculator.com/survey.aspx.
The median federal debt load at Albright comes to $23,250 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $23,250 |
| Median federal debt (graduates only) | $27,000 |
| Typical 10-year monthly payment (graduates) | $286.24/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
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 Albright.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,500 |
| 25th percentile | $10,500 |
| 75th percentile | $30,000 |
| 90th percentile (highest-debt students) | $37,500 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $20,250 |
| Middle income | $24,477 |
| High income | $24,125 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $23,250 |
| Continuing-generation students | $25,000 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $23,250 |
| Independent students | $25,000 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Albright.
The Stafford program is the federal direct-loan vehicle most undergraduates use. These figures summarize annual Stafford program activity at Albright:
| Metric | Value |
|---|---|
| Stafford loan recipients | 10198 |
| Total Stafford loan amount | $192,998,516 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 12 |
| Total GI Bill amount | $199,607 |
| Average GI Bill amount per recipient | $16,634 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.