Averett University

In 2021, tuition for full-time Averett University students was $38,400 a year.

Tuition increased 2.02% in 2023–from $37,640 the prior year. Usually, college tuition rises about 3% year.

Remember, the total cost of tuition isn't the final cost for attending college. Many students find the actual cost of college is far less than the total tuition after grants, scholarships, and tuition discounts kick in. Plus, student loans can make theactual cost of attending college more manageable until you've finishing school and found a job.

Averett University meets 67% of the demonstrated financial need for undergraduates. The average financial aid package for a full-time, first-year student at Averett University is around $26,265 a year.

In 2020, students graduated with an average of $28,375 in student loans for each student with debt.

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

Averett University is a private 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 insitutions often offer a lower cost of attendance for students who are residents of that state.

Choosing a college where you qualify for in-state tuition can cut the cost of college tuition. Be sure to confirm your state's criteria for in-state tuition. Each state has different requirements to qualify as in-state resident. 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.

Explore other Virginia colleges

Is Averett University's Tuition Different for International Students?

Tuition at Averett University is the same for all students.

Students from outside of the U.S. usually do not qualify for for loans or grants from the U.S. government, but should research private or school-specific aid and scholarships. International students with need may be eligible for the following types of financial support at Averett University:

•On-campus jobs •Averett University-specific scholarships

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

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Averett University Room, Board, Fees, and More

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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 Averett University.

House and Food Costs at Averett University

Room and board at Averett University is $12,340 a year. This covers the cost of living in dorms or other on-campus housing, and a meal plan that allows you to eat in the school dining halls. Students who live off campus but still want to use the dining facilities can pay for a meal plan. The cost of a mean plan, or board-only, is $2,757.

Meal-plan costs can depend on how many meals are included in the plan you choose.

How Much Do Books Cost at Averett University?

First-year students are sometimes surprised by how much books and supplies cost–and not in a good way. The real cost of books and supplies depends on the courses you take and what kinds of books and materials they require. To save money, many students choose to use books from the library or buy books from students who have already taken the course.

Annual Fees

The majority of colleges also have fees to offsets cost associated with maintaining facilties, like the library, gym and computer labs.

Keep in mind, there could also be optional fees associated with participating in special activities, like Greek Life, or participating in sports or other extracurriculars. Many schools offer resources so that those with demonstrated need to get help covering these fees.

Transportation costs

The total cost of transportation in college depends on a few key factors. Will you drive, fly, or take public transportation to school? Is on-campus parking free, or will you need to budget for parking? Is the campus easy to get around on foot? Do you own a car, or will you need to use busses, subways, or other modes of transportation? All of these questions can drastically impact your estimated cost of transportation. At Averett University, freshman are allowed to park on campus.

A school's location can also have a big effect on transportation costs. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the other hand transportation in a city could be pricey, but cities may offer more trains, busses and low-cost flight options to actually get to school. Averett Universityis in a town in Virginia.

Other Costs

When estimating your budget for college, don’t forget to consider 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.

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Total Tuition and Expenses at Averett University

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Now, let’s do a rundown of all of the costs associated with college, to get a better idea of how much students can expect to shell out for Averett University.

How Much Does Averett University Cost?

What will the cost of attending Averett University be? Here is a breakdown of tuition and expenses.

2023 Total Tuition and Expenses
Tuition	$38,400
Room and Board	$12,340
Board Only	$3,500
Other expenses	$1,972

The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.

Total Estimated Costs
On-Campus	$52,862
Off-Campus	$44,022

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’s tuition and fees change based on: •Campus location for full-time and part-time students

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Averett University Financial Aid

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The majority of Averett University undergrads use financial aid to finance their education. In 2023, 784 of the 1,185 undergrads enrolled received financial aid. Averett University meets 67% of the demonstrated financial need for undergraduates.

The average financial aid package for a full-time, first-year student is around $26,265 a year. Around 75% 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 $28,375 of student loan debt.

The average debt for each loan type varies.

Average Debt By Loan Type
Federal Loans	$26,340
Private Loans	$22,379

Most Common Loans for Averett University Students
Federal Loans	75%
Private loans	8%

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 2023, Averett University awarded 736 need-based scholarships to students, giving away total of $18.6 million to help students with financial need cover the cost of school. An additional $5.21 million 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 $26,265 in 2023. 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	$26,597
Off-Campus	$17,757

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.

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 waiver tuition for certain groups, to offset the cost of attending. 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.

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.

Averett University's Endowment

An endowment is the total value of a school's investments, donations, and assets. Endowment is not necessarily an indicator of the quality of a school, but it can give you a sense of how much money a college can afford to invest in expanding programs, improving facilities, and supporting students.

As of 2021, the total market value of Averett University's endowment was $26.7 million. The average college endowment was $905 million in 2021. The school spends $10,390 for each full-time student enrolled.

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Learn More About Averett University

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