In 2021, tuition for full-time students at Albertus Magnus College was $31,570 a year.
On average, college tuition goes up about 3% every year.
If this makes attending the college of your dreams feel scary, remember, the total cost of tuition isn't necessarily what you will have to pay to attend a school. Many students pay far less than the sticker price after grants, scholarships, and tuition discounts are applied. Additionally, student loans can make theactual cost of attending college until after graduation.
Albertus Magnus College is a private, religious institution, so it has the same tuition for students from Connecticut as it does for students who live in other states.
Public schools receive funds from the state to help them cover costs. These institutions offer reduced tuition for those who qualify as Connecticut residents.
Choosing a school where you qualify for in-state tuition can drastically reduce the cost of tuition, as well as loans and interest owed. Don't forget to check your state's eligibility criteria for as an in-state resident. Every state has its own rules about what makes someone eligible for in-state tuition. In many states, students must have lived in the state for 12 months before starting school to qualify for in-state tuition. There may be additional requirements as well, depending on the state you and your parents currently live in.
Albertus Magnus College has the same tuition for international students as for those from out of state.
International students usually do not qualify for for federal financial aid, but may be eligible for private or Albertus Magnus College-specific grants, scholarships, and other funding opportunities..
International students without financial need may be eligible for merit-based institutional scholarships.
Tuition is not the only cost of attending college;room and board, books, transportation and fees are also costs it consider when planning for college. Let's take a look at what impacts these costs, and what to expect at Albertus Magnus College.
Housing and campus dining at Albertus Magnus College costs $13,200 a year. This covers the cost of living in dorms or other on-campus housing, plus a meal plan that allows you to eat all or some of your meals the school dining halls.
Meal-plan costs may vary depending on how many meals are included in the plan you choose.
The cost of books often surprises first-year college students. The real cost of books depends on the courses you take and the materials required. To save money, many students choose to use books from the library or buy books from students who have already taken the course.
The majority of colleges charge some yearly fees to help cover the cost of facilties, like the library, gym and computer labs. Students who attend Albertus Magnus College full time can expect to pay around $490 in fees every year they are enrolled.
There may be additional fees associated with participating in certain activities, like Greek Life, or playing on an intramural sports team. Most colleges offer ways so that those who may struggle to participate because of cost can get help covering these fees.
The total cost of getting around in college can really vary. Will you take a subway, car or an airplane to get to school?. Will you need to pay to park on-campus? Is the campus easy to get around on foot? Do you own a car, or are you planning to use public transportation? All of these factors can drastically impact your estimated cost of transportation. At Albertus Magnus College, freshman are allowed to park on campus.
Where are a college is located can also have a big effect on your transportation budget. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the other hand getting around in a city is sometimes pricey, but cities may offer more buses, trains or low-cost flight options to actually get to school. The Albertus Magnus College campus is in a suburban setting in Connecticut.
When budgeting for college, don’t forget to take into account personal expenses, like going out to eat or see shows, furnishing your living space, and things like haircuts, clothes and, yes, even toilet paper and shampoo .
Now, let’s go over all of the costs we've covered, to get a better estimate of the actual cost of attending Albertus Magnus College.
|2021 Total Tuition and Expenses|
|Room and Board||$13,200|
|Total Estimated Costs|
The breakdowns above provide a good estimate of the total cost of attendance before financial aid and scholarships. Tuition and fees may vary depending on program, course level, location, and more.
The majority of Albertus Magnus College undergrads use financial aid to help pay for school. In 2021, 793 of the 1,088 undergrads enrolled received financial aid. Albertus Magnus College meets 47% of the demonstrated financial need for undergraduates.
The average financial aid package for a full-time, first-year student is around $27,750 a year. Around 92% of Albertus Magnus College undergrads take out student loans to cover any remaining costs. Albertus Magnus College graduates who have student loans graduate with an average of $36,631 of student loan debt.
The average debt for each loan type varies.
|Average Debt By Loan Type|
|Albertus Magnus College-Specific Loans||$0|
|Most Common Loans for Albertus Magnus College Students|
Most students take out institutional or government loans, because they tend to have lower interest rates and more flexible repayment options than private loans. Loans from the federal government can be subsidized or unsubsidized. Subsidized loans do not accrue interest during school, while unsubsidized loans begin accruing interest at the time the loan is issued. If students do no qualify for enough federal loans to cover the cost of tuition, some take out private loans. Parents can also take out ParentPLUS loans, which are government loans for parents who are helping their children pay for college.
The Free Application for Federal Student Aid (FAFSA) helps colleges determine how much financial need students and their familes have, so they can offer a financial aid package that meets, or come close to meeting, their need. For more information on Albertus Magnus College financial aid, keep reading, or visit their financial aid website.
Some students may receive grants and scholarships to help pay for college. Unlike loans, scholarships and grants do not have to be paid back.
In 2021, Albertus Magnus College awarded 575 need-based scholarships to students, giving away total of $5.2 million to help students with financial need cover the cost of school. An additional $9.29 million in merit-based scholarship money was awarded to students without demonstrated financial need.
The net price of college is the actual cost of attending a school for one year. Net cost is calculated by subtracting any scholarships, grants or other aid that does not need to be paid back from the total cost. Student loans are not part of the calculation, because they need to be repaid.
Now that we have a sense of the total estimated costs for Albertus Magnus College students, we can subtract the average financial aid package to find the estimated net cost. Net cost can vary depending on a students’ need and the financial aid award received.
When considering whether a school fits your budget, it is important to consider the estimated net cost, not just the sticker price of tuition. Often, schools with the highest tuition also offer the most generous aid packages, so estimate your net cost before eliminating a school because it does fit your budget.
The average amount of financial aid received by a full-time first year student with demonstrated need at Albertus Magnus College was $27,750 in 2021. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Albertus Magnus College seem more manageable.
|Estimated Net Cost for Full-Time Students|
What will attending Albertus Magnus College really cost you? The answer depends on several factors.
As of 2011, colleges are required to have a net price calculator on their website to help prospective students and their families understand the actual cost of attending that school, based on their financial situation. You can find the Albertus Magnus College's net cost calculator on their website.
Some students choose to use payment plans to make the cost of tuition fit more comfortably in their budget.
Students cannot pay tuition in installments. Contact the financial aid office to verify this and discuss options.
Schools sometimes offer tuition waivers to certain groups, to reduce the total cost of attendance. Some schools offer tuition waivers for faculty, staff, and their families , underrepresented students, or military students. Even if you qualify for a waiver, students are usually responsible for housing, meal plans, and other expenses.
Albertus Magnus College has some full or partial tuition waivers available for: - Employees or Children of Employees
Check the financial aid website for more information on payment plans and tuition waivers.
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