Faulkner University

In 2021, tuition for full-time students at Faulkner University was $21,500 a year.

In 2023, tuition increased 2.38%–from $21,000 the previous year. Usually, college tuition rises about 3% year.

Remember, the total cost of tuition isn't necessarily what you will have to pay to attend a school. Many students find the actual cost of college is way 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're done with college.

Faulkner University meets 36% of the demonstrated financial need for undergraduates. First-year students that attend Faulkner University full-time are awarded $23,264 a year in financial aid, on average.

The average student debt for graduates in the class of 2023 was around $33,622 per student, not including those with no debt.

Faulkner University: In-state vs. Out-of-State Tuition

Faulkner University is a private, religious institution, so it has the same tuition for students from Alabama as it does for residents from other states.

Public schools receive funds from the state to help them cover costs. Public, state schools can offer lower tuition for students who meet the requirements for in-state residency.

Attending a college where you are eligible for the reduced tuition offered to state residentscan save significant money on the total cost of attending college. Don't forget to check your state's rules for in-state tuition. 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 too, depending on where you live.

Explore other Alabama colleges

Is Faulkner University's Tuition Different for International Students?

Faulkner University 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 be eligible for private or Faulkner University-specific grants, scholarships, and other funding opportunities. International students who demonstrate financial need may be eligible for the following types of financial support at Faulkner University:

•Athletic Awards •Faulkner University-specific scholarships

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

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Faulkner University Housing 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 planning for college. Let's take a look at what impacts these costs, and what to expect at Faulkner University.

Room and Board Costs at Faulkner University

Housing and campus dining at Faulkner University costs $7,900 a year. This number includes the cost of living in dorms or other on-campus housing, and a dining plan that allows you to eat all or some of your meals the school dining halls.

Meal-plan costs can depend on how many meals are included in the plan you choose.

How Much Do Books Cost at Faulkner University?

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 what kinds of books and materials they require. To save money, many students choose to use books from the library or buy books from students who have already taken the course.

Annual Fees

Most schools charge some yearly fees to help cover the cost of facilties, like the library, gym and computer labs.

There may be additional fees associated with participating in special activities, like Greek Life, or playing on an intramural sports team. Most colleges offer resources so that those with demonstrated need to find ways to lower or eliminate these costs.

Planes, Trains, and Automobiles: Transportation costs at Faulkner University

The cost of getting around 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 public 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 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, getting around in a city is often costly, but cities may offer more trains, busses and low-cost flight options to actually get to school. Faulkner Universityis in a city in Alabama, near Montgomery.

Other Costs

When creating a budget for college, don’t forget to take into account personal expenses, like entertainment, clothes, furnishings and toiletries.

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Total Tuition and Expenses at Faulkner University

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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 Faulkner University.

Total Cost of Faulkner University

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

2023 Total Tuition and Expenses
Tuition	$21,500
Room and Board	$7,900
Other expenses	$4,400

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

Total Estimated Costs
On-Campus	$37,590
Off-Campus	$29,690

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.

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Financial Aid at Faulkner University

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The majority of Faulkner University undergrads use financial aid to to cover the cost of tuition. In 2023, 1,593 of the 2,672 undergrads enrolled received financial aid. Faulkner University meets 36% of the demonstrated financial need for undergraduates.

The average financial aid package for a full-time, first-year student is around $23,264 a year. Around 76% of Faulkner University undergrads take out student loans to cover any remaining costs. Faulkner University graduates who have student loans graduate with an average of $33,622 of student loan debt.

The average debt for each loan type varies.

Average Debt By Loan Type
Federal Loans	$31,629
Private Loans	$14,450

Most Common Loans for Faulkner University Students
Federal Loans	76%
Private loans	11%

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 Faulkner University financial aid, keep reading, or visit their financial aid website.

Scholarships at Faulkner University

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, Faulkner University awarded 1,448 need-based scholarships to students, giving away total of $6.3 million to help students with financial need cover the cost of school. An additional $7 million in merit-based scholarship money was awarded to students without demonstrated financial need.

Faulkner University 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 Faulkner University 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 Faulkner University was $23,264 in 2023. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Faulkner University seem more manageable.

Estimated Net Cost for Full-Time Students
On-Campus	$14,326
Off-Campus	$6,426

What will attending Faulkner University 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 Faulkner University's net cost calculator on their website.

Faulkner University Tuition Payment Plans

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.

Does Faulkner University Offer Tuition Waivers?

Schools sometimes offer tuition waivers to certain groups, to make attending more affordable. Some colleges offer tuition waivers for faculty, staff, and their families , underrepresented students, or military students. Even if you qualify for a waiver, students are usually responsible for housing, meal plans, and other expenses.

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

Faulkner University'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.

Faulkner University's endowment was valued at $20.4 million in 2023, compared to a national average of $905 million.

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Learn More About Faulkner University

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