by our College Data Analytics TeamMany 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 price tag of going to Alfred University can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
What financing options does Alfred offer, and what will you qualify for? Keep scrolling for more information. Scroll down to see just how much financial aid could be open to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. The information provided on this page can help you determine how much aid you may receive from Alfred University.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. However, some types of aid are more desirable than others, and some students will receive more than others.
Looking at the entering class at Alfred University, 100% of first-year full-time students received aid of some kind roughly 433 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $31,022 |
| Institutional grants & scholarships | 100% | $26,525 |
| Federal Pell grants | 42% | $5,615 |
| State/local grants | 40% | $4,519 |
| Federal student loans | 60% | $5,309 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Here, about 99% of undergraduates were awarded an average grant or scholarship of $28,174 (for some 1401 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 99% | $28,174 |
| Federal Pell grants | 39% | $5,537 |
| Federal student loans | 64% | $10,217 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $31,825.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $16,513 |
| $30,001 – $75,000 | $21,358 |
| Over $75,000 | $27,398 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $25,620 |
| Off-campus title-IV students | $22,701 |
For a personalized estimate based on your family’s financial situation, use Alfred’s online cost calculator: www.alfred.edu/admissions/affording-alfred/net-price-calculator.cfm.
The median federal debt load at Alfred comes to $17,751 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $17,751 |
| Median federal debt (graduates only) | $26,000 |
| Typical 10-year monthly payment (graduates) | $275.64/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The four reference points below map the debt distribution at Alfred.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,625 |
| 25th percentile | $7,250 |
| 75th percentile | $29,000 |
| 90th percentile (highest-debt students) | $33,250 |
Median debt varies by family income, by first-generation status, and by dependency status.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $15,000 |
| Middle income | $15,000 |
| High income | $19,800 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $15,000 |
| Continuing-generation students | $21,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $18,000 |
| Independent students | $12,519 |
The figure below distills the debt data into a single burden category for Alfred.
Stafford loans make up the bulk of federal direct lending to undergraduates. These figures summarize annual Stafford program activity at Alfred:
| Metric | Value |
|---|---|
| Stafford loan recipients | 10166 |
| Total Stafford loan amount | $200,078,090 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 5 |
| Total GI Bill amount | $141,737 |
| Average GI Bill amount per recipient | $28,347 |
References
More about our data sources and methodologies.