by our College Data Analytics TeamA lot of students will not be asked to pay 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 price tag of going to College of the Albemarle can appear tremendous, but do not forget that almost all students obtain some kind of financial help.
Just what financial assistance solutions will College of the Albemarle deliver, and just what are you going to be eligible for? Read on for answers. Keep going to find out how much school funding will be available to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Use the information below to understand how much financial assistance you may get from College of the Albemarle.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
Among first-time, full-time freshmen at College of the Albemarle, 59% of first-year full-time students received aid of some kind (about 100 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 51% | $7,984 |
| Institutional grants & scholarships | 20% | $3,344 |
| Federal Pell grants | 33% | $8,847 |
| State/local grants | 31% | $1,462 |
| Federal student loans | 0% | — |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At College of the Albemarle, some 26% of undergraduate students received gift aid averaging $7,595 (for some 681 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 26% | $7,595 |
| Federal Pell grants | 17% | $9,274 |
| Federal student loans | 0% | — |
For on-campus title-IV students, average grant aid came to $11,368.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $4,266 |
| $30,001 – $75,000 | $6,143 |
| Over $75,000 | $7,548 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
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 | $2,253 |
| Off-campus title-IV students | $4,751 |
For a customized cost estimate, visit College of the Albemarle’s NPC: www.albemarle.edu/wp-content/net-price-calculator/index.html.
A handful of calculated indicators summarize the debt outlook at College of the Albemarle.
Stafford loans make up the bulk of federal direct lending to undergraduates. These figures summarize annual Stafford program activity at College of the Albemarle:
| Metric | Value |
|---|---|
| Stafford loan recipients | 216 |
| Total Stafford loan amount | $1,188,572 |
If you are a veteran or active-duty service member, the GI Bill and DoD Tuition Assistance are the primary federal programs you can use at this school.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 67 |
| Total GI Bill amount | $92,516 |
| Average GI Bill amount per recipient | $1,381 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 6 |
| Total DoD amount | $6,004 |
| Average DoD amount per recipient | $1,001 |
References
More about our data sources and methodologies.