Averett University

In 2021, tuition for full-time students at Averett University was $36,900 a year.

Tuition increased 1.04 percent in 2021, from $36,520 the prior year. On average, colleges raise tuition about 3 percent each year.

If these numbers seem daunting, 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 total tuition after grants, scholarships, and tuition discounts kick in. Plus, student loans can make the amount you do have to pay for college more manageable.

In-state vs. Out-of-state Tuition at Averett University

Averett University is a private, religious institution, so it has the same tuition for residents of Virginia as it does for residents from other states.

Public colleges and universities receive funding from the state government. Public, state schools can offer lower tuition for students who meet the requirements for in-state residency.

Choosing a college where you qualify for in-state can cut the cost of college tuition. Every state has their own rules about what makes someone eligible for in-state tuition. The most common requirement is that students must have lived in the state for a full year before starting school.

Explore other Virginia colleges

Averett University International Student Tuition

Tuition at Averett University is the same for all students.

International students are not eligible for federal financial aid, but may be eligible for school-specific aid and scholarships. International students with need may be eligible for the following types of financial support:

On-campus jobs

Averett University-specific scholarships

International students without financial need may be eligible for merit-based institutional scholarships.

Averett University Living Expenses and Other Costs

In addition to tuition, there are other costs associated with college, like room and board, facility fees, and books and supplies.

Room and Board at Averett University

Room and board at Averett University is $6,900 a year. This includes the cost of living in dorms or other campus housing, plus a meal plan that allows you to eat in the school dining facilities. Students who live off campus but still want to use the dining facility can pay for a meal plan. The cost of board-only is $2,616.

Board costs may vary depending on how many meals are included in the meal plan you choose.

Cost of Books at Averett University

The cost of books often surprises first-year college students. At Averett University, you can expect to pay about $1,000 a year for books and supplies. This does not count the initial cost of a computer or other technology. The actual cost of books depends on the courses you take and the materials required.

Yearly Fees

Most schools also have fees to help cover the cost of facilties, like the library, gym and computer labs. Full-time undergrads at Averett University pay $150 in fees each academic year.

There may also be optional fees associated with participating in certain activities, like joining a fraternity or sorority, or playing on an intramural sports team, may mean additional fees.

Transportation costs

The total cost of transportation in college can really vary. It depends on if you drive or fly to get to school, own a car, or if you prefer to walk or take public transportation to get around campus.

A school's location can impact transportation costs. The Averett University campus is in a small town setting in Virginia, not far from Greensboro and NC. First-year students are allowed to park a car on campus.

For Averett University students, $734 is good ballpark for transportation costs for on-campus students. $2,160 is a good estimate for transportation costs for students who live off campus.

Other College Costs

When creating a budget for college, don’t forget to leave some room in your budget for personal expenses, like entertainment, clothes, furnishings and toiletries.

Let’s look at the breakdown of all expenses, which can add up for both on-campus and off-campus students.

How much does Averett University cost?

2021 Total Tuition and Expenses
Tuition	$36,900
Room and Board	$6,900
Board Only	$2,160
Books and Supplies	$1,000
Yearly Fees	$150
Transportation	$734
Other expenses	$1,782

Total Estimated Costs
On-Campus	$46,732
Off-Campus	$41,992

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.

Averett University Financial Aid

The majority of Averett University undergrads use financial aid to help pay for school. In 2021, 728 of the 893 undergrads enrolled received financial aid. Averett University meets 74.6 percent of the demonstrated financial need for undergraduates.

The average financial aid package for a full-time, first-year student is around $29,830 a year. Around 78 percent of Averett University undergrads take out student loans to cover any remaining costs. Averett University graduates who have student loans graduate with an average of $32,061 of student loan debt.

The average debt for each loan type varies.

Average Debt By Loan Type
Federal Loans	$28,804
State Loans	$0
Averett University-Specific Loans	$0
Private Loans	$39,954

Most Common Loans for Averett University Students
Federal Loans	78%
Private loans	10%

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 Averett University financial aid, keep reading, or visit their financial aid website.

Scholarships at Averett University

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, Averett University awarded 728 need-based scholarships to students, giving away total of $19,332,905 to help students with financial need cover the cost of school. An additional $3,693,839 in merit-based scholarship money was awarded to students without demonstrated financial need.

Averett University Net Cost

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 Averett University 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 Averett University was $29,830 in 2021. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Averett University seem more manageable.

Estimated Net Cost for Full-Time Students
On-Campus	$16,902
Off-Campus	$12,162

What will attending Averett University 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 Averett University's net cost calculator on their website.

Averett University Tuition Payment Plans

Some students choose to use payment plans to make the cost of tuition fit more comfortably in their budget.

Averett University does not have guaranteed tuition.

The school offers a Prepaid Tuition Plan, which is a type of college savings plan that enables people to purchase future credits for their children at today's rate. It is best for people who are sure they or their child will attend a public school in their state.

Averett University offers an Installment Payment Plan, which allows students to pay tuition in a series of smaller chunks instead of one lump sum.

Does Averett University offer tuition waivers?

Schools sometimes offer tuition waivers to certain groups to cover some or all of the cost of tuition. Some schools offer them for employees and their family, underrepresented students, or military students. Even with a tuition waiver, other expenses and fees are the responsibility of the student

Averett University 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.