Usually, colleges raise tuition about 3% each year.
Remember, the total cost of tuition isn't necessarily what you will have to pay to attend a school. Many students pay a lot less than the sticker price after grants, scholarships, and tuition discounts are applied. And, student loans can make theprice of collegefeel more doable until after graduation.
Penn State Worthington Scranton meets 57.1% of the demonstrated financial need for undergraduates. First-year students that attend Penn State Worthington Scranton full-time are awarded $11,786 a year in financial aid, on average.
In 2020, students graduated with an average of $34,375 in student loans for each student with debt.
**Penn State Worthington Scranton is a public, state institution, **
Public schools receive funds from the state to help them cover costs. These institutions offer reduced tuition for those who qualify as Pennsylvania residents.
Attending an insitution where you are eligible for in-state tuition can save students a lot of money on the total cost of attending college. Don't forget to verify your state's guidelines for how to qualify for in-state tuition. Every state has its own rules about what makes someone eligible for in-state tuition. 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 too, depending on the state you and your parents currently reside in.
Explore other Pennsylvania colleges
Penn State Worthington Scranton has the same tuition for international students as for those from out of state.
Students from outside of the U.S. usually do not qualify for for loans or grants from the U.S. government, but may be eligible for private or school-specific aid and scholarships.
In addition to the cost of tuition, 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 Penn State Worthington Scranton.
Meal-plan costs may vary depending on the number of meals you intend to eat on-campus
First-year students are sometimes surprised by how much books and supplies cost–and not in a good way. The real cost of books and supplies 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 charge some yearly fees to help cover the cost of facilties, like the computer labs and libraries, athletic facilities, and more.
There may be other costs associated with participating in certain activities, like joining a fraternity or sorority, or participating in sports or other extracurriculars. Most colleges have resources so that those who may struggle to participate because of cost can get help covering these fees.
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 own a car, or are you planning to use busses, subways, or other modes of transportation? All of these questions can drastically impact your transportation budget.
A school's location 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, getting around in an urban area might be costly, but cities may offer more buses, trains and low-cost flight options to actually get to school. Penn State Worthington Scrantonis located in a town in Pennsylvania.
When estimating your budget for college, be sure to take into account personal expenses, like movies, takeouts, furniture or appliances for your dorm or housing, and essentials like laundry detergent, toothpaste and toilet paper.
Now, let’s do a rundown of all of the costs associated with college, to get a better idea of the actual cost of attending Penn State Worthington Scranton.
What will the cost of attending Penn State Worthington Scranton 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 Worthington Scranton undergrads use financial aid to help pay for school. In 2023, 652 of the 875 undergrads enrolled received financial aid. Penn State Worthington Scranton meets 57.1% of the demonstrated financial need for undergraduates.
The average financial aid package for a full-time, first-year student is around $11,786 a year. Around 80% of Penn State Worthington Scranton undergrads take out student loans to cover any remaining costs. Penn State Worthington Scranton graduates who have student loans graduate with an average of $34,375 of student loan debt.
The average debt for each loan type varies.
Average Debt By Loan Type | |
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Federal Loans | $25,357 |
Penn State Worthington Scranton-Specific Loans | $4,467 |
Private Loans | $29,857 |
Most Common Loans for Penn State Worthington Scranton Students | |
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Federal Loans | 79.35% |
Institutional Loans | 1.29% |
Private loans | 24.52% |
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 Worthington Scranton 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 Worthington Scranton awarded 454 need-based scholarships to students, giving away total of $6.2 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 Worthington Scranton 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 Worthington Scranton was $11,786 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 Worthington Scranton seem more manageable.
What will attending Penn State Worthington Scranton 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 make more informed decisions about the actual cost of attending that school, based on their financial situation. You can find the Penn State Worthington Scranton'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 make attending more affordable. Some colleges offer tuition waivers for employees and their family members, underrepresented students, or military students. Even if you qualify for a 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 Penn State Worthington Scranton's endowment, check with the school directly.
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