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 total cost of going to Mildred Elley School-Albany Campus can seem overwhelming, but bear in mind that many students are given some form of financial aid.
Just what financing solutions does Mildred Elley Albany provide, and just what are you going to be eligible for? Keep scrolling for answers. Read on to discover just how much financial aid could be open to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. The figures below will help you estimate the aid you might receive from Mildred Elley School-Albany Campus.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
For freshmen starting at Mildred Elley School-Albany Campus, 81% of the incoming full-time class was awarded financial aid roughly 55 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 71% | $8,586 |
| Institutional grants & scholarships | 9% | $950 |
| Federal Pell grants | 68% | $6,138 |
| State/local grants | 49% | $3,612 |
| Federal student loans | 78% | $8,426 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. Across the undergraduate body at Mildred Elley Albany, about 67% of undergrads got grants or scholarships worth on average $6,451 (for some 257 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 67% | $6,451 |
| Federal Pell grants | 62% | $5,076 |
| Federal student loans | 69% | $7,888 |
Title-IV recipients living on campus saw average grant aid of $7,493.
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 | $20,738 |
| $30,001 – $75,000 | $21,448 |
| Over $75,000 | $27,369 |
Remember these are net prices — what families pay after gift aid, not before.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $24,241 |
| Off-campus title-IV students | $21,348 |
To project your own net price, use Mildred Elley Albany’s net price calculator: www.mildred-elley.edu/net-price-calculator/.
The middle student in the debt distribution at Mildred Elley Albany owes $12,000 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $12,000 |
| Median federal debt (graduates only) | $19,000 |
| Typical 10-year monthly payment (graduates) | $201.43/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
Looking only at the median can be misleading because it hides the spread. The four reference points below map the debt distribution at Mildred Elley Albany.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,750 |
| 25th percentile | $3,925 |
| 75th percentile | $18,613 |
| 90th percentile (highest-debt students) | $23,450 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $12,000 |
| Middle income | $12,250 |
| High income | $9,875 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,072 |
| Continuing-generation students | $10,999 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,501 |
| Independent students | $12,850 |
The figure below distills the debt data into a single burden category for Mildred Elley Albany.
Most undergraduate borrowing runs through the federal Stafford loan program. Below is the annual Stafford program activity at Mildred Elley Albany:
| Metric | Value |
|---|---|
| Stafford loan recipients | 17145 |
| Total Stafford loan amount | $233,082,768 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 6 |
| Total GI Bill amount | $65,093 |
| Average GI Bill amount per recipient | $10,849 |
References
More about our data sources and methodologies.