by our College Data Analytics TeamThe majority of students are not billed 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 sum total of attendance at Maria College of Albany can sound overpowering, but remember that the majority of students get some type of financial assistance.
Just what financial assistance solutions will Maria College of Albany deliver, and just what are you going to be eligible for? Read on for answers. Keep going 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. Continue reading to find information to help you understand just how much assistance you can expect to receive from Maria College of Albany.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. However, some types of aid are more desirable than others, and some students will receive more than others.
Among first-time, full-time freshmen at Maria College of Albany, 90% of the incoming full-time class was awarded financial aid roughly 26 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 76% | $10,405 |
| Institutional grants & scholarships | 38% | $5,486 |
| Federal Pell grants | 66% | $6,203 |
| State/local grants | 45% | $3,620 |
| Federal student loans | 62% | $4,771 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. Here, roughly 67% of undergraduates were awarded grant or scholarship aid averaging $5,798 (covering around 474 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 67% | $5,798 |
| Federal Pell grants | 56% | $3,807 |
| Federal student loans | 84% | $8,593 |
On-campus students receiving title-IV aid were awarded grants averaging $8,716.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $14,406 |
| $30,001 – $75,000 | $16,800 |
| Over $75,000 | $21,018 |
Each figure is the net price after grants and scholarships, not the published sticker price.
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 | $13,082 |
| Off-campus title-IV students | $16,055 |
To project your own net price, use Maria College of Albany’s net price tool: mariacollege.edu/netPriceCalculator/npcalc.htm.
The median student at Maria College of Albany graduates with $14,708 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $14,708 |
| Median federal debt (graduates only) | $20,528 |
| Typical 10-year monthly payment (graduates) | $217.63/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
A single median figure conceals how much debt outcomes differ student to student. The figures below chart the debt distribution at Maria College of Albany.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,357 |
| 25th percentile | $7,750 |
| 75th percentile | $24,750 |
| 90th percentile (highest-debt students) | $32,250 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $14,500 |
| Middle income | $16,147 |
| High income | $12,750 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $14,500 |
| Continuing-generation students | $15,250 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $12,563 |
| Independent students | $16,686 |
These indicators are derived from the underlying debt data and summarize the overall picture at Maria College of Albany.
The Stafford program is the federal direct-loan vehicle most undergraduates use. Below is the annual Stafford program activity at Maria College of Albany:
| Metric | Value |
|---|---|
| Stafford loan recipients | 4729 |
| Total Stafford loan amount | $79,872,696 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 14 |
| Total GI Bill amount | $154,397 |
| Average GI Bill amount per recipient | $11,028 |
References
More about our data sources and methodologies.