Usually, college tuition rises about 3% year.
Remember, the advertized cost of tuition doesn't give you enough information to determine the actual cost of attending any given college. Many students find the actual cost of college is a lot less than the total tuition after grants, scholarships, and tuition discounts are applied. And, student loans can make the amount you do have to pay for college feel more doable until you've finishing school and found a job.
Embry-Riddle Aeronautical University-Prescott meets 50% of the demonstrated financial need for undergraduates. First-year students that attend Embry-Riddle Aeronautical University-Prescott full-time are awarded $18,356 a year in financial aid, on average.
Embry-Riddle Aeronautical University-Prescott is a private, nonprofit institution, which means it has the same tuition for students from Arizona as it does for residents from 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 confirm your state's rules for as an in-state resident. 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 Arizona colleges
Embry-Riddle Aeronautical University-Prescott has the same tuition for international students as for those from out of state.
International students usually do not qualify for for loans or grants from the U.S. government, but may qualify for private or Embry-Riddle Aeronautical University-Prescott-specific grants, scholarships, and other funding opportunities. International students with need may qualify for the following types of financial support at Embry-Riddle Aeronautical University-Prescott:
•On-campus jobs •Embry-Riddle Aeronautical University-Prescott-specific scholarships
Tuition is not the only cost of attending college; room and board, books, transportation and fees are also costs it consider when planning for college. Let's take a look at what impacts these costs, and what to expect at Embry-Riddle Aeronautical University-Prescott.
Meal-plan costs may vary depending on the number of meals you intend to eat on-campus
The cost of books often surprises first-year college students. The real cost of books and supplies depends on the courses you take and what kinds of books and materials they require. To save money, many students choose to use books from the library or buy used textbooks and materials.
Most schools charge some yearly fees to offsets cost associated with maintaining facilties, like the computer labs and libraries, athletic facilities, and more.
There may be other costs associated with participating in certain activities, like Greek Life, or participating in sports or other extracurriculars. Many schools have ways for students who may struggle to participate because of cost can get help covering these costs.
The total cost of transportation in college can really vary. Will you drive, fly, or take public transportation to school? Is on-campus parking free, or will you need to budget for parking? Is the campus easy to get around on foot? Do you own 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 transportation budget. At Embry-Riddle Aeronautical University-Prescott, freshman are allowed to park on campus.
Where are a college is located 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 other hand getting around in a city might be expensive, but there may be more trains, busses or low-cost flight options to actually get to school. The Embry-Riddle Aeronautical University-Prescott campus is located in a town in Arizona, near Phoenix.
When estimating your budget for college, be sure to leave some room in your budget for personal expenses, like entertainment, clothes, furnishings and toiletries.
Now, let’s look at the breakdown of all expenses, to get a better estimate of how much students can expect to shell out for Embry-Riddle Aeronautical University-Prescott.
What will the cost of attending Embry-Riddle Aeronautical University-Prescott 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.
In 2023, 1,456 of the 3,033 undergrads enrolled received financial aid. Embry-Riddle Aeronautical University-Prescott meets 50% of the demonstrated financial need for undergraduates.
The average financial aid package for a full-time, first-year student is around $18,356 a year.
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 Embry-Riddle Aeronautical University-Prescott 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, Embry-Riddle Aeronautical University-Prescott awarded 1,420 need-based scholarships to students, giving away total of $29.3 million to help students with financial need cover the cost of school. An additional $19.72 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 Embry-Riddle Aeronautical University-Prescott 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 Embry-Riddle Aeronautical University-Prescott was $18,356 in 2023. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Embry-Riddle Aeronautical University-Prescott seem more manageable.
What will attending Embry-Riddle Aeronautical University-Prescott 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 Embry-Riddle Aeronautical University-Prescott'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 reduce the total cost of attendance. Some schools 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.
For more information about Embry-Riddle Aeronautical University-Prescott's endowment, check with the school directly. For each full-time student, Embry-Riddle Aeronautical University-Prescott spends about $14,445 a year.
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Data Source: IPEDs and Peterson's Databases © 2022 Peterson's LLC All rights reserved
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