In 2021, tuition for full-time students at Alice Lloyd College was $12,000 a year.
Tuition was the same price in 2022 as it was the year before. On average, colleges raise tuition about 3% each year.
Remember, the total cost of tuition isn't the final cost for attending college. Many students pay way less than the sticker price after grants, scholarships, and tuition discounts kick in. And, student loans can make theactual cost of attending college feel more doable until you've finishing school and found a job.
Alice Lloyd College is a private, nonprofit institution, so it has the same tuition for students from KY as it does for residents from other states.
Public schools receive funds from the state to help them cover costs. Public, state schools can offer lower tuition for students who meet the requirements for in-state residency.
Choosing an insitution where you are eligible for the reduced tuition offered to state residentscan drastically reduce the total cost of attending college. Take the time to verify your state's requirements for in-state residency. 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 other criteria as well, depending on the state you and your parents currently live in.
Tuition at Alice Lloyd College is the same for every student.
Students from outside of the U.S. usually do not qualify for for federal financial aid, but may qualify for private or Alice Lloyd College-specific aid and scholarships.
International students without financial need may be eligible for merit-based institutional scholarships and athletic awards.
In addition to tuition, there are other costs associated with college, like room and board, facility fees, and books and supplies. Let's take a look at what impacts these costs, and what to expect at Alice Lloyd College.
Room and board at Alice Lloyd College costs $7,390 a year. This number includes the cost of living in dorms or other on-campus housing, and a meal plan that allows you to eat all or some of your meals the Alice Lloyd College's on-campus cafeterias and dining halls.
Meal-plan costs can depend on how many meals are included in the plan you choose.
The cost of books often surprises first-year college students. The actual 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 also have fees to help cover the cost of facilties, like the library, gym and computer labs.
There may be additional fees associated with participating in certain activities, like Greek Life, or participating in sports or other extracurriculars. Most colleges have resources for students who may struggle to participate because of cost can find ways to lower or eliminate these fees.
The 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 walkable? Do you plan to bring a car or are you planning to use public transportation? All of these questions can make a big difference in your transportation budget. At Alice Lloyd College, freshman are allowed to park on campus.
The location of a college or university 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 transportation in an urban area might be pricey, but there may be more buses, trains and affordable flights to actually get to school. The Alice Lloyd College campus is in a rural setting in KY.
When you're planning for college, don’t forget to take into account 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 how much students can expect to shell out for Alice Lloyd College.
What will the cost of attending Alice Lloyd College be? Here is a breakdown of tuition and expenses.
|2022 Total Tuition and Expenses|
|Room and Board||$7,390|
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 Alice Lloyd College undergrads use financial aid to finance their education. In 2022, 515 of the 584 undergrads enrolled received financial aid. Alice Lloyd College meets 64.22% of the demonstrated financial need for undergraduates.
The average financial aid package for a full-time, first-year student is around $14,499 a year. Around 69% of Alice Lloyd College undergrads take out student loans to cover any remaining costs. Alice Lloyd College graduates who have student loans graduate with an average of $19,068 of student loan debt.
The average debt for each loan type varies.
|Average Debt By Loan Type|
|Most Common Loans for Alice Lloyd 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 Alice Lloyd 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, Alice Lloyd College awarded 513 need-based scholarships to students, giving away total of $6.1 million to help students with financial need cover the cost of school. An additional $730000 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 Alice Lloyd 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 Alice Lloyd College was $14,499 in 2022. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Alice Lloyd College seem more manageable.
|Estimated Net Cost for Full-Time Students|
What will attending Alice Lloyd 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 Alice Lloyd 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 schools 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.
Click below to find out more about the admissions requirements and deadlines, student life, academics, majors and more.
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Tuition & Fees
Students Who Receive Need-Based Aid
Average Financial Aid Package
Data Source: IPEDs and Peterson's Databases © 2022 Peterson's LLC All rights reserved
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