$45,070

Tuition

$59,470

Cost of Attendance

$17,663

Net Price

Albion College Tuition and Fees

Albion College is known for offering a wide range of undergraduate programs in a variety of streams, providing excellent training to students. Compared to the tuition fees charged at most institutions, the expense of education at AC is quite moderate. As per the 2020 - 2021 official information, the average cost for the undergraduate courses offered at the college adds up to about $48,275, which includes the total tuition fees and other expenses. While housing costs $12,380, the charges for books and supplies and other expenses stand at $700 and $800, respectively.

Total Cost of Attendance

Student typeIn-stateOut-State
Tuition & Fees$45,590$45,590
Book & Supplies$700$700
Room & Board cost$12,380$12,380
Other Expenses$800$800
Total Cost of Attendance$59,470$59,470

Coming to the cost of attendance, students need to understand that the tuition fee is just a single aspect of the expenses that come under the overall cost of attending the university. They must plan for several other expenses that accompany the cost of attendance such as lodging, dining, textbooks, supplies, and the cost of living, among others. The total tuition and fees for students attending Albion College come out to be around $48,275 per year. Apart from that, they should also pay an average amount of $700 toward books and supplies, $12,380 for room and boarding charges, and $800 toward other expenses in a year. Therefore, the estimated cost of attendance for one year at AC is around $62,155, as per the available information.

Average Net Price by Family Income

Net Price

$17,663

Family Income

Avg. Net Price

$0 to $30,000

$9,747

$30,001 to $48,000

$10,890

$48,001 to $75,000

$12,859

$75,001 to $110,000

$20,799

$110,000+

$26,757

The net cost of attending Albion College – the actual amount that students and their families are required to pay in a given year – varies depending on the candidate's annual family income. Usually, the individuals who have a higher family income will be required to pay a higher net amount, too. Simply put, the family income of the candidate is a key factor in determining the net amount. At AC, the average net price is estimated to be $18,532. Candidates whose annual family income is less than $30,000 will have to pay a net amount of $12,032. For the individuals whose income is somewhere between $30,001 and $48,000, the amount comes to $12,541. Meanwhile, the net price stands at $14,499 for the $48,001-$75,000 income bracket and at $18,861 for an income between $75,001 and $110,000. This amount adds up to $26,478 for students whose annual family income is more than $110,000.

Student Loans

Example Loans

$84,156

Stafford Loan Interest

4.5%

Time to Pay off Student Loan

10 years

Example monthly payment

$873

Total interest paid

$20,647

Sum of Loan Payments

$104,803

To have a realistic understanding of how much it will cost to study at Albion College here is an example one can consider to estimate the payment amounts one will incur with a student loan. Take a loan of $84,156 for example. This will result in a $10,480 payment to be made each year. We can assume that the interest rate is 4.5% post any refinancing or consolidation activities with a 10 years repayment plan. Then the total payment made towards the loan is $104,803 which is $20,647 in addition to the principal amount, which constitutes the interest payment made throughout the life of the loan.

Undergraduate Tuition and Fees

Student typeIn-stateOut-State
Tuition & Fees$45,590$45,590
Room & Board Cost$12,380$12,380
Total Tuition & Fees$57,970$57,970

For students pursuing undergraduate courses at Albion College, the tuition and fees are estimated to be $48,275 per year. Moreover, the applicants must also pay an amount of $12,380 towards room and boarding charges. In view of this information, the estimated total cost for undergraduate students at AC adds up to $62,155.

Cost Per Credit Hour

DegreeYearCost per Credit hour
Graduate2018 - 2019N/A
Undergraduate2018 - 2019$1,890

The graduate and undergraduate courses have a varying cost per credit hour – which is the total program cost divided by the total number of credit hours of the program – that the student has to pay to attend AC. The students, who enroll for graduate courses, will have to bear a cost per credit hour of $371. At present, Albion College also offers various online programs to students across as many as 70 different majors.

Campus Housing Expenses

Housing & other expensesOn CampusOff Campus
Room & Board$12,380$12,380
Other Expense$800$800
Book & Supplies$700$700

Moving on to the housing and related expenses at Albion College, these charges are the same irrespective of whether the candidate decides to stay on-campus or off-campus. The students will be required to pay $13,180 per year for the same. Besides, the room and boarding charges for the students come to around $12,380 per year. On the other hand, the charges toward books and supplies come to around $700. Furthermore, the other expenses that the students should plan for come to around $800.

Campus Housing Expenses

Housing & Other Expenses

Room & Boards

On Campus

$12,380

Off Campus

$12,380

Housing & Other Expenses

Other Expenses

On Campus

$800

Off Campus

$800

Housing & Other Expenses

Book & Supplies

On Campus

$700

Off Campus

$700

Moving on to the housing and related expenses at Albion College, these charges are the same irrespective of whether the candidate decides to stay on-campus or off-campus. The students will be required to pay $13,180 per year for the same. Besides, the room and boarding charges for the students come to around $12,380 per year. On the other hand, the charges toward books and supplies come to around $700. Furthermore, the other expenses that the students should plan for come to around $800.

Projected Price for a 4 year degree

As per official data, the current projected cost for a four-year bachelor's degree, along with the living expenses, at the college is estimated to be around $314,435. To note, the total expenses for undergraduate students stood at $18,532 for 2018-2019, $17,663 for 2017-2018, and $19,913 for 2016-2017.

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