In 2022, tuition for full-time students at Albertus Magnus College was $36,682 a year.
In 2022, tuition increased 3.5%–from $35,442 the prior year. Usually, college tuition goes up about 3% every year.
Remember, the advertized cost of tuition does not give you all the info you need to know how much you will actually have to pay for college. Many students owe way less than the sticker price after grants, scholarships, and tuition discounts are awarded. Additionally, student loans can make theactual cost of attending college feel more doable until you're done with college.
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 colleges and universities receive funding from the state government. These institutions offer a lower cost of attendance for those who qualify as Connecticut residents.
Choosing an insitution where you are eligible for in-state tuition can drastically reduce the overall cost of college. Be sure to verify your state's rules for in-state residency. 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 Connecticut colleges
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 loans or grants from the U.S. government, but may qualify 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 estimating the cost of attendance for college. Let's take a look at what impacts these costs, and what to expect at Albertus Magnus College.
Room and board at Albertus Magnus College costs $15,046 a year. This covers the cost of living in dorms or other on-campus housing, and a dining plan that allows you to eat all or some of your meals the Albertus Magnus College's on-campus cafeterias and dining halls.
Meal-plan costs may vary depending on the numnber of meals you intend to eat on-campus
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.
Most schools also have fees to help cover the cost of facilties, like the computer labs and libraries, athletic facilities, and more.
Keep in mind, there could also be optional fees associated with participating in special activities, like joining a fraternity or sorority, or participating in sports or other extracurriculars. Many schools offer resources so that those with demonstrated need to get help covering these costs.
The cost of getting around 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 plan to bring a car or will you need 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 an urban area might be pricey, but there may be more buses, trains and low-cost flight options to actually get to school. The Albertus Magnus College campus is in a suburban setting in Connecticut.
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.
Now, let’s do a rundown of all of the costs associated with college, to get a better estimate of the actual cost of attending Albertus Magnus College.
What will the cost of attending Albertus Magnus College be? Here is a breakdown of tuition and expenses.
|2022 Total Tuition and Expenses|
|Room and Board||$15,046|
The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.
|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 to cover the cost of tuition. In 2022, 755 of the 1,031 undergrads enrolled received financial aid. Albertus Magnus College meets 46% of the demonstrated financial need for undergraduates.
The average financial aid package for a full-time, first-year student is around $31,091 a year. Around 90% 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 $32,776 of student loan debt.
The average debt for each loan type varies.
|Average Debt By Loan Type|
|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 2022, Albertus Magnus College awarded 527 need-based scholarships to students, giving away total of $4.3 million to help students with financial need cover the cost of school. An additional $11.51 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 $31,091 in 2022. 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 make more informed decisions about 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 waiver tuition for certain groups, to reduce the total cost of attendance. Some colleges offer tuition waivers for faculty, staff, and their families , underrepresented students, or military students. Even if you qualify for a waiver, other expenses and fees are the responsibility of the student.
Check the financial aid website for more information on payment plans and tuition waivers.
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Data Source: IPEDs and Peterson's Databases © 2022 Peterson's LLC All rights reserved
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