Usually, college tuition rises about 3% year.
Remember, the "sticker 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 awarded. Plus, student loans can make theprice of collegemore manageable until after graduation.
Penn State Lehigh Valley meets 50.5% of the demonstrated financial need for undergraduates. The average financial aid package for a full-time, first-year student at Penn State Lehigh Valley is around $11,005 a year.
In 2020, students graduated with an average of $37,798 in student loans for each student with debt.
**Penn State Lehigh Valley is a public, state institution, **
Public schools receive funds from the state to help them cover costs. Public insitutions often offer reduced tuition for students who are residents of that state.
Choosing a college where you qualify for in-state residency can cut the cost of college tuition. Don't forget to verify your state's rules for in-state residency. Each state has different requirements to qualify as in-state resident. In many states, students must have lived in the state for 12 months before starting school to qualify for in-state tuition. There may be other criteria as well, depending on where you live.
Explore other Pennsylvania colleges
Tuition at Penn State Lehigh Valley is the same for every student.
International students usually do not qualify for for federal financial aid, but should research private or Penn State Lehigh Valley-specific grants, scholarships, and other funding opportunities.
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 Penn State Lehigh Valley.
Board costs vary based on 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 depends on the courses you take and the textbooks, computer programs, or other materials are required.. To save money, many students choose to use books from the library or buy books from students who have already taken the course.
Most schools also have fees to help cover the cost of facilties, like the library, gym and computer labs.
There may be optional fees associated with participating in special activities, like joining a fraternity or sorority, or playing on an intramural sports team. Most colleges offer resources for students who may struggle to participate because of cost can find ways to lower or eliminate these fees.
The cost of getting around in college can really vary. Will you drive, fly, or take public transportation 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 own a car, or are you planning to use busses, subways, or other modes of transportation? All of these factors can make a big difference in your estimated cost of transportation.
The location of a college or university can also have a big effect on the amount you'll have to spend just to get around. 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 an urban area is often costly, but there may be more trains, busses or low-cost flight options to actually get to school. The Penn State Lehigh Valley campus is in a rural area in Pennsylvania.
When estimating your budget for college, be sure to leave some room in your budget for the cost of things like going out to eat or see shows, furnishing your living space, and things like haircuts, clothes and, yes, even toilet paper and shampoo.
Now, let’s go over all of the costs we've covered, to get a better idea of the actual cost of attending Penn State Lehigh Valley.
What will the cost of attending Penn State Lehigh Valley 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 Penn State Lehigh Valley undergrads use financial aid to help pay for school. In 2023, 481 of the 907 undergrads enrolled received financial aid. Penn State Lehigh Valley meets 50.5% of the demonstrated financial need for undergraduates.
The average financial aid package for a full-time, first-year student is around $11,005 a year. Around 71.52% of Penn State Lehigh Valley undergrads take out student loans to cover any remaining costs. Penn State Lehigh Valley graduates who have student loans graduate with an average of $37,798 of student loan debt.
The average debt for each loan type varies.
Average Debt By Loan Type | |
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Federal Loans | $20,799 |
Penn State Lehigh Valley-Specific Loans | $4,000 |
Private Loans | $53,495 |
Most Common Loans for Penn State Lehigh Valley Students | |
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Federal Loans | 69.62% |
Institutional Loans | 0.63% |
Private loans | 23.42% |
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 Penn State Lehigh Valley 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, Penn State Lehigh Valley awarded 326 need-based scholarships to students, giving away total of $4.3 million to help students with financial need cover the cost of school. An additional $320,000 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 Penn State Lehigh Valley 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 Penn State Lehigh Valley was $11,005 in 2023. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Penn State Lehigh Valley seem more manageable.
What will attending Penn State Lehigh Valley 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 Penn State Lehigh Valley'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 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.
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 Penn State Lehigh Valley's endowment, check with the school directly.
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