On average, colleges raise tuition about 3% each year.
Remember, the displayed price of tuition does not always tell the full story. Many students owe far less than the sticker price after grants, scholarships, and tuition discounts are applied. Plus, student loans can make theprice of collegefeel more doable until you've finishing school and found a job.
Aquinas College meets 84% of the demonstrated financial need for undergraduates. The average financial aid package for a full-time, first-year student at Aquinas College is around $29,981 a year.
In 2020, students graduated with an average of $30,664 in student loans for each student with debt.
Aquinas College is a private, religious institution, which means it has the same tuition for residents of Michigan as it does for students who live in other states.
Public colleges and universities receive funding from the state government. Public, state schools can offer lower tuition for students who meet the requirements for in-state residency.
Choosing a college where you qualify for in-state tuition can cut the cost of college tuition. Be sure to check your state's criteria for in-state residency. Each state has different requirements to qualify as in-state resident. Most states require students to have resided in the state for a certain period of time before qualifying. There may be other criteria as well, depending on the state you and your parents currently live in.
Explore other Michigan colleges
Aquinas College has the same tuition for international students as for those from out of state.
Students from outside of the U.S. are not eligible for loans or grants from the U.S. government, but should research private or Aquinas College-specific aid and scholarships. International students who demonstrate financial need may qualify for the following types of financial support at Aquinas College:
•Athletic Awards •Aquinas College-specific scholarships
International students without financial need may be eligible for merit-based institutional scholarships and athletic awards.
Tuition is not the only cost of attending college; 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 Aquinas College.
Board costs can depend on how many meals are included in the plan you choose.
First-year students are sometimes surprised by how much books and supplies cost–and not in a good way. The real 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 offsets cost associated with maintaining facilties, like the computer labs and libraries, athletic facilities, and more.
Keep in mind, there could also be additional fees associated with participating in certain activities, like joining a fraternity or sorority, or participating in sports or other extracurriculars. Many schools offer resources so that those with demonstrated need to find ways to lower or eliminate these fees.
The total cost of transportation in college can really vary. Will you take a subway, car or an airplane to get to school? Will you need to pay to park on-campus? Is the campus small enough that you can easily walk from class-to-class?? Do you plan to bring a car or will you need to use busses, subways, or other modes of transportation? All of these factors can make a big difference in your estimated cost of transportation. Keeping in mind, first-year students are allowed to park a car on campus.
A school's location can also have a big effect on transportation costs. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the flip side, getting around in a city may be expensive, but there may be more trains, busses or affordable flights to actually get to school. The Aquinas College campus is in a suburb in Michigan, not far from Grand Rapids.
When you're planning for college, be sure to leave some room in your budget for the cost of things like entertainment, clothes, furnishings and toiletries.
Now, let’s go over all of the costs we've covered, to get a better estimate of what is really costs to go to Aquinas College.
What will the cost of attending Aquinas College be? Here is a breakdown of tuition and expenses.
2023 Total Tuition and Expenses | |
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The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.
Tuition and fees may vary depending on program, course level, location, and more.
The majority of Aquinas College undergrads use financial aid to to cover the cost of tuition. In 2023, 732 of the 1,238 undergrads enrolled received financial aid. Aquinas College meets 84% of the demonstrated financial need for undergraduates.
The average financial aid package for a full-time, first-year student is around $29,981 a year. Around 68% of Aquinas College undergrads take out student loans to cover any remaining costs. Aquinas College graduates who have student loans graduate with an average of $30,664 of student loan debt.
The average debt for each loan type varies.
Average Debt By Loan Type | |
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Federal Loans | $21,294 |
Private Loans | $19,899 |
Most Common Loans for Aquinas College Students | |
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Federal Loans | 68% |
Private loans | 32% |
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 Aquinas 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 2023, Aquinas College awarded 730 need-based scholarships to students, giving away total of $17.2 million to help students with financial need cover the cost of school. An additional $6.26 million 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 Aquinas 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 Aquinas College was $29,981 in 2023. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Aquinas College seem more manageable.
What will attending Aquinas 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 get a better idea of the actual cost of attending that school, based on their financial situation. You can find the Aquinas 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 offset the cost of attending. Some colleges offer tuition waivers for employees and their family members, underrepresented students, or military students. Even with a tuition 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.
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 Aquinas College's endowment was $40.8 million. The average college endowment was $905 million in 2021. For each full-time student, Aquinas College spends about $7,588 a year.
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Data Source: IPEDs and Peterson's Databases © 2022 Peterson's LLC All rights reserved
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