Cost of Attendance
We understand. College costs can be daunting. But now more than ever, your college education is one of the most important investments your family can make.
Affordability is our goal, and we’re here to help families access all of the financial resources that are available. During the 2018-19 academic year, Albion awarded more than $36 million in scholarships and grants.
Despite the assumption that liberal arts colleges are too expensive, our average federal student debt for 2016 graduates was $28,880, comparable to the national rate. Our default rate is only 3.5%, which is much lower than the national average of 10%. This means that almost 97% of our students achieve outcomes that make their debt manageable.
For the 2020-21 academic year, 100 percent of Albion students are receiving financial aid. That turns a conversation about cost into a conversation about value. What is the value of an Albion education? What’s the cost? You’ll find our totals below. And you’ll know our value by the success of our graduates.
|Meal Plan **||$3,150||$3,150||$6,300|
|Administrative Set up Fee||$185||$0||$185|
*Housing allowance reflects the charges for a standard double room in a residence hall.
** Cost based on 15 Meals per week (Standard Board Plan)
In addition to tuition and fees, books and supplies average from $1,200 to $1,500 per year. More detailed information on tuition and fees is available from the Accounting Department.
Upon the student’s request, the financial aid office can add computer costs to an individual’s cost of attendance one time over their enrollment period at Albion. It is not Albion College’s policy to use institutional resources to fund this computer allowance, but the individual student may use federal aid and or outside scholarships to meet the computer allowance costs.
- The standard cost adjustment for a computer purchase is limited to $2,500. The increase in the cost of attendance of up to $2,500 will require appropriate documentation that the student or family has expended or will expend funds for the purchase or rental of the computer.
- We do require final documentation of the purchase or rental in every case. The cost must have been incurred within six months of the request.
Tools & Resources
To get a better idea of how Albion can be an affordable investment for you, visit our Net Price Calculator. The Calculator gives you an idea, within $1,000, of the total scholarship and aid that Albion awards.
Our financial services team has outlined every aspect of the financial aid process, from scholarships and loans to estimating your expected family contribution (EFC). We know it’s a lot of information and we’re here to help if you have questions.