Usually, college tuition goes up about 3% every year.
Remember, the advertized cost of tuition doesn't always mean much if you plan to use financial aid to help pay for college. Many students find the actual cost of college is far less than the sticker price after grants, scholarships, and tuition discounts are applied. And, student loans can make theprice of collegefeel more doable until you're done with college.
Wells College is a private, nonprofit institution, which means it has the same tuition for students from New York as it does for students who live in 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 residency can cut the cost of college tuition. Don't forget to confirm your state's guidelines for how to qualify 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 too, depending on where you live.
Explore other New York colleges
Tuition at Wells College is the same for all students.
Students from outside of the U.S. usually do not qualify for for federal financial aid, but should research private or school-specific aid and scholarships. International students with need may qualify for the following types of financial support at Wells College:
•On-campus jobs •Wells College-specific scholarships
International students without financial need may be eligible for merit-based institutional scholarships.
In addition to tuition, room and board, books, transportation and fees are also costs it consider when budgeting for college. Let's take a look at what impacts these costs, and what to expect at Wells College.
Housing and campus dining at Wells College costs $14,800 a year. This number covers the cost of living in dorms or other on-campus housing, plus a meal plan that allows you to eat in the Wells College's on-campus cafeterias and dining halls.
Meal-plan costs can depend on the numnber of meals you intend to eat on-campus
The cost of books often surprises first-year college students. The actual cost of books and supplies depends on the courses you take and the materials required. To save money, many students choose to use books from the library or buy used textbooks and materials.
The majority of colleges also have fees to help cover the cost of facilties, like the library, gym and computer labs.
There may be optional fees associated with participating in certain activities, like Greek Life, or participating in sports or other extracurriculars. Many schools have ways for students with financial need to find ways to lower or eliminate these fees.
The total cost of getting around in college can really vary. Will you drive, fly, or take public transportation to school? Will you need to pay to park on-campus? Is the campus walkable? Do you own a car, or will you need to use public transportation? All of these factors can drastically impact your estimated cost of transportation. Keeping in mind, first-year students are allowed to park a car on campus.
The location of a college or university can also have a big effect on the amount you'll have to spend just to get around. 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 might be costly, but cities may offer more buses, trains or low-cost flight options to actually get to school. The Wells College campus is in a rural setting in New York, not far from Syracuse.
When creating a budget for college, be sure to leave some room in your budget for the cost of things like entertainment, clothes, furnishings and toiletries.
Now, let’s look at the breakdown of all expenses, to get a better idea of what is really costs to go to Wells College.
What will the cost of attending Wells College be? Here is a breakdown of tuition and expenses.
|2022 Total Tuition and Expenses|
|Room and Board||$14,800|
The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.
Tuition and fees may vary depending on program, course level, location, and more.
The majority of Wells College undergrads use financial aid to finance their education. In 2022, 316 of the 342 undergrads enrolled received financial aid. Wells College meets 78% of the demonstrated financial need for undergraduates.
The average financial aid package for a full-time, first-year student is around $31,020 a year. Around 89% of Wells College undergrads take out student loans to cover any remaining costs. Wells College graduates who have student loans graduate with an average of $28,796 of student loan debt.
The average debt for each loan type varies.
|Average Debt By Loan Type|
|Most Common Loans for Wells 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 Wells 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 2022, Wells College awarded 316 need-based scholarships to students, giving away total of $8 million to help students with financial need cover the cost of school. An additional $540000 thousand 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 Wells 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 Wells College was $31,020 in 2022. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Wells College seem more manageable.
What will attending Wells 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 make more informed decisions about the actual cost of attending that school, based on their financial situation. You can find the Wells 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.
Wells College offers an Installment Payment Plan, which allows students to pay tuition in a series of smaller chunks instead of one lump sum.
Schools sometimes waiver tuition for certain groups, to offset the cost of attending. Some schools offer tuition waivers for employees and their family members, underrepresented students, or military students. Even if you qualify for a waiver, other expenses and fees are the responsibility of the student.
Wells 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.
To learn more about Wells College, choose from the options below:
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Data Source: IPEDs and Peterson's Databases © 2022 Peterson's LLC All rights reserved
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