Usually, colleges raise tuition about 3% each year.
Remember, the total cost of tuition isn't the final cost for attending college. Many students owe much less than the sticker price after grants, scholarships, and tuition discounts are awarded. Additionally, student loans can make theprice of collegefeel more doable until after graduation.
Penn State Wilkes-Barre meets 57.5% of the demonstrated financial need for undergraduates. The average financial aid package for a full-time, first-year student at Penn State Wilkes-Barre is around $12,087 a year.
Students in the class of 2023 who had taken out student loans graduated with an average of $40,492 of debt.
**Penn State Wilkes-Barre is a public, state institution, **
Public schools receive funds from the state to help them cover costs. These institutions offer a lower cost of attendance for students who are residents of that state.
Choosing a college where you qualify for in-state tuition can cut the cost of college tuition. Take the time to verify 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 as well, depending on the state you and your parents currently reside in.
Explore other Pennsylvania colleges
Penn State Wilkes-Barre has the same tuition for international students as for those from out of state.
International students are not eligible for loans or grants from the U.S. government, but should research private or Penn State Wilkes-Barre-specific grants, scholarships, and other funding opportunities.
In addition to the cost of tuition, room and board, books, transportation and fees are also costs it consider when estimating the cost of attendance for college. Let's take a look at what impacts these costs, and what to expect at Penn State Wilkes-Barre.
Meal-plan costs can depend 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 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.
Most schools also have fees to help cover the cost of facilties, like the library, gym and computer labs.
Keep in mind, there could also be other costs associated with participating in special 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 get help covering these fees.
The cost of getting around in college depends on a few key factors. 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 easy to get around on foot? Do you own a car, or are you planning to use busses, subways, or other modes of transportation? All of these factors can drastically impact your transportation budget.
Where are a college is located can impact your transportation budget. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the other hand transportation in an urban area can be costly, but cities may offer more buses, trains or low-cost flight options to actually get to school. Penn State Wilkes-Barreis in a rural area in Pennsylvania.
When estimating your budget for college, don’t forget 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 estimate of how much students can expect to shell out for Penn State Wilkes-Barre.
What will the cost of attending Penn State Wilkes-Barre 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.
Penn State Wilkes-Barre’s tuition and fees change based on: •Campus location for full-time and part-time students •Academic program for both full and part-time students •Course load for part-time students •Course level for both full and part-time students
The majority of Penn State Wilkes-Barre undergrads use financial aid to to cover the cost of tuition. In 2023, 204 of the 363 undergrads enrolled received financial aid. Penn State Wilkes-Barre meets 57.5% of the demonstrated financial need for undergraduates.
The average financial aid package for a full-time, first-year student is around $12,087 a year. Around 78.57% of Penn State Wilkes-Barre undergrads take out student loans to cover any remaining costs. Penn State Wilkes-Barre graduates who have student loans graduate with an average of $40,492 of student loan debt.
The average debt for each loan type varies.
Average Debt By Loan Type | |
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Federal Loans | $22,387 |
Private Loans | $55,322 |
Most Common Loans for Penn State Wilkes-Barre Students | |
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Federal Loans | 78.57% |
Private loans | 25.71% |
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 Wilkes-Barre 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 Wilkes-Barre awarded 142 need-based scholarships to students, giving away total of $2.1 million to help students with financial need cover the cost of school. An additional $190,000 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 Wilkes-Barre 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 Wilkes-Barre was $12,087 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 Wilkes-Barre seem more manageable.
What will attending Penn State Wilkes-Barre 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 Wilkes-Barre'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.
Penn State Wilkes-Barre does not have guaranteed tuition.
Penn State Wilkes-Barre offers an Installment Payment Plan, which allows students to pay tuition in a series of smaller chunks instead of one lump sum.
Schools sometimes offer tuition waivers to certain groups, to reduce the total cost of attendance. Some colleges offer tuition waivers for employees and their family members, underrepresented students, or military students. Even if you qualify for a waiver, students are usually responsible for housing, meal plans, and other expenses.
Penn State Wilkes Barre 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.
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 Wilkes-Barre's endowment, check with the school directly.
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Data Source: IPEDs and Peterson's Databases © 2022 Peterson's LLC All rights reserved
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