by our College Data Analytics TeamThe majority of students will not be asked to pay 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 total cost of going to University at Albany can seem overwhelming, but bear in mind that many students are given some form of financial aid.
What financing options does UAlbany offer, and what will you qualify for? Keep scrolling for more information. Scroll down to find out just how much financial aid will 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. Use the information below to understand how much financial assistance you may get from University at Albany.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
For freshmen starting at University at Albany, 98% of entering full-time freshmen got some type of financial assistance approximately 2779 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 96% | $11,210 |
| Institutional grants & scholarships | 95% | $5,549 |
| Federal Pell grants | 49% | $6,072 |
| State/local grants | 57% | $4,270 |
| Federal student loans | 59% | $5,181 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At this school, some 85% of undergrads got grants or scholarships worth on average $10,246 (for some 10361 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 85% | $10,246 |
| Federal Pell grants | 44% | $5,990 |
| Federal student loans | 51% | $6,278 |
For on-campus title-IV students, average grant aid came to $11,635.
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 | $14,226 |
| $30,001 – $75,000 | $17,844 |
| Over $75,000 | $23,465 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
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 | $17,167 |
| Off-campus title-IV students | $18,486 |
To project your own net price, use UAlbany’s official net price calculator: www.albany.edu/cost-aid/tuition-fees/cost-attendance.
A typical borrower at UAlbany leaves with $15,059 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $15,059 |
| Median federal debt (graduates only) | $19,500 |
| Typical 10-year monthly payment (graduates) | $206.73/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
Looking only at the median can be misleading because it hides the spread. The percentiles below describe the cumulative federal debt distribution for borrowers at UAlbany.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,500 |
| 25th percentile | $7,500 |
| 75th percentile | $25,360 |
| 90th percentile (highest-debt students) | $30,747 |
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 | $16,530 |
| Middle income | $15,000 |
| High income | $15,000 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $15,416 |
| Continuing-generation students | $15,000 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $15,000 |
| Independent students | $17,276 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. UAlbany.
The Stafford program is the federal direct-loan vehicle most undergraduates use. Below is the annual Stafford program activity at UAlbany:
| Metric | Value |
|---|---|
| Stafford loan recipients | 57022 |
| Total Stafford loan amount | $1,130,897,391 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 126 |
| Total GI Bill amount | $979,844 |
| Average GI Bill amount per recipient | $7,777 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 5 |
| Total DoD amount | $12,047 |
| Average DoD amount per recipient | $2,409 |
References
More about our data sources and methodologies.