What Amount of Financial Assistance is Offered?
$48,668 is the normal Albion College's first year financial aid plan. Approximately 100.0% of freshman students receive some type of financial assistance, the majority of which is in the form of scholarships and grants.
Financial aid helps lower the expense, or the "sticker" price of the institution. However, bear in mind that the only true discounts off the cost of college are in the form of grants and scholarships.
Uneasy about the debt that may be part of a financial aid plan? View the average amount of debt per student at Albion.
How Much Aid Is Available That I Don't Have to Pay Back? (A.K.A. Scholarships & Grants)
The next numbers apply to scholarships and grants largely provided by the school itself.
100.0% of freshmen (428 total) were awarded scholarships at Albion College, averaging $37,255 a piece. This puts it in the top 20th percentile of all colleges in the country.
197 freshman students got federal grant aid. About 46.0% of Albion freshmen got grants around $5,338 per person.
How are scholarships and grants dispersed to first years at Albion? See the chart below.
Grants are typically need-based while scholarships are merit-based.
Amount of Aid By Income Level
The chart below displays scholarship and grant distributions by family income for first year students getting any sort of federally-funded Title IV aid, such as Federal PLUS loans.
|Income Level||Percent of Freshman||Average Assistance|
|Income 110k +||16.6%||$32,922|
Title IV aid features grants, loans, or work-study given by the government usually based on financial need. Learn more here.
Grants & Scholarships for All Undergrads Is $37,465
Of the 1,533 undergrads at Albion College about 99.0% (1,516 in total) obtain some sort of grant aid. The average amount given was $37,465.
Albion College Financial Aid Information
|Financial Aid Department Website||www.albion.edu/admission/student-financial-services|
|Net Price Calculator||www.albion.edu/admission/student-financial-services/net-price-calculator|