Albion College

In 2022, tuition for full-time students at Albion College was $55,226 a year.

Tuition increased 1.5% in 2023–from $54,410 the prior year. Usually, colleges raise tuition about 3% each year.

If this information makes going to college feel scary, remember, the "sticker price" of tuition does not always tell the full story. Many students pay much less than the total tuition after grants, scholarships, and tuition discounts are awarded. And, student loans can make the amount you do have to pay out of pocket feel more doable until you're done with college.

Albion College meets 92% of the demonstrated financial need for undergraduates. The average financial aid package for a full-time, first-year student at Albion College is around $53,714 a year.

Graduates in the class of 2023 had an average of $36,821 in student loans per borrower.

In-state vs. Out-of-state Tuition at Albion College

Albion College is a private institution, so it has the same tuition for residents of Michigan as it does for residents from other states.

Public schools receive funds from the state to help them cover costs. These institutions offer reduced tuition for students who are residents of that state.

Choosing a college where you qualify for in-state status can cut the cost of college tuition. Take the time to check your state's criteria for in-state tuition. Each state has different requirements to qualify as in-state resident. The most common requirement is that students must have lived in the state for a full year before starting school. There may be additional requirements too, depending on where you live.

Explore other Michigan colleges

Is Albion College's Tuition Different for International Students?

Tuition at Albion College is the same for each student.

International students are not eligible for federal financial aid, but may qualify for private or Albion College-specific aid and scholarships.

International students without financial need may be eligible for merit-based institutional scholarships.

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Albion College Living Expenses, Fees, and More

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Tuition is not the only cost of attending college; room and board, books, transportation and fees are also costs it consider when budgeting for college. Let's take a look at what impacts these costs, and what to expect at Albion College.

Room and Board Costs at Albion College

Room and board at Albion College is $12,570 a year. This number covers the cost of living in dorms or other on-campus housing, and a dining plan that enables you to eat in the Albion College's on-campus cafeterias and dining halls.

Board costs can depend on the number of meals you intend to eat on-campus

How Much Do Books Cost at Albion College?

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 the materials required. To save money, many students choose to use books from the library or buy used textbooks and materials.

Annual Fees

Most schools charge some yearly fees to help cover the cost of facilties, like the computer labs and libraries, athletic facilities, and more.

There may be additional fees associated with participating in special activities, like Greek Life, or participating in sports or other extracurriculars. Most colleges offer resources so that those who may struggle to participate because of cost can get help covering these costs.

Planes, Trains, and Automobiles: Transportation costs at Albion College

The total cost of transportation in college depends on a few key factors. Will you take a subway, car or an airplane to get to school? Is on-campus parking free, or will you need to budget for parking? Is the campus small enough that you can easily walk from class-to-class?? Do you own a car, or are you planning to use public transportation? All of these questions can make a big difference in your transportation budget. At Albion 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 flip side, transportation in a city may be costly, but there may be more trains, busses and affordable flights to actually get to school. The Albion College campus is located in a town in Michigan, not far from Detroit.

Other Costs

When creating a budget for college, don’t forget to factor in the cost of things like movies, takeouts, furniture or appliances for your dorm or housing, and essentials like laundry detergent, toothpaste and toilet paper.

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Financial Breakdown for Albion College

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Now, let’s look at the breakdown of all expenses, to get a better estimate of the actual cost of attending Albion College.

How Much Does Albion College Cost?

What will the cost of attending Albion College be? Here is a breakdown of tuition and expenses.

2023 Total Tuition and Expenses
Tuition	$55,226
Room and Board	$12,570

The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.

Total Estimated Costs
On-Campus	$68,316
Off-Campus	$55,746

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.

Albion College’s tuition and fees change based on: •Course load for part-time students

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Financial Aid at Albion College

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The majority of Albion College undergrads use financial aid to finance their education. In 2023, 1,188 of the 1,457 undergrads enrolled received financial aid. Albion College meets 92% of the demonstrated financial need for undergraduates.

The average financial aid package for a full-time, first-year student is around $53,714 a year. Around 74% of Albion College undergrads take out student loans to cover any remaining costs. Albion College graduates who have student loans graduate with an average of $36,821 of student loan debt.

The average debt for each loan type varies.

Average Debt By Loan Type
Federal Loans	$25,702
Albion College-Specific Loans	$2,843
Private Loans	$38,017

Most Common Loans for Albion College Students
Federal Loans	73%
Institutional Loans	22%
Private loans	20%

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 Albion College financial aid, keep reading, or visit their financial aid website.

Scholarships at Albion College

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 2023, Albion College awarded 1,118 need-based scholarships to students, giving away total of $58.5 million to help students with financial need cover the cost of school. An additional $9.87 million in merit-based scholarship money was awarded to students without demonstrated financial need.

Albion College Net Cost

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 Albion 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 Albion College was $53,714 in 2023. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Albion College seem more manageable.

Estimated Net Cost for Full-Time Students
On-Campus	$14,602
Off-Campus	$2,032

What will attending Albion 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 understand the actual cost of attending that school, based on their financial situation. You can find the Albion College's net cost calculator on their website.

Albion College Tuition Payment Plans

Some students choose to use payment plans to make the cost of tuition fit more comfortably in their budget.

Albion College does not have guaranteed tuition.

Albion College offers an Installment Payment Plan, which allows students to pay tuition in a series of smaller chunks instead of one lump sum.

Does Albion College Offer Tuition Waivers?

Schools sometimes offer tuition waivers to certain groups, to offset the cost of attending. 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.

Albion College has some full or partial tuition waivers available for: - Employees or Children of Employees

Check the financial aid website for more information on payment plans and tuition waivers.

Albion College's Endowment

An endowment is the total value of a school's investments, donations, and assets. Endowment is not necessarily an indicator of the quality of a school, but it can give you a sense of how much money a college can afford to invest in expanding programs, improving facilities, and supporting students.

As of 2022, the total market value of Albion College's endowment was $176.1 million. The average college endowment was $905 million in 2021. The school spends $17,563 for each full-time student enrolled.

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Learn More About Albion College

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