Usually, college tuition rises about 3% year.
Remember, the displayed price of tuition does not tell the full story. Many students owe a lot less than the sticker price after grants, scholarships, and tuition discounts kick in. Additionally, student loans can make the amount you do have to pay for college feel more doable until after graduation.
Saint Peter's University meets 77.9% of the demonstrated financial need for undergraduates. The average financial aid package for a full-time, first-year student at Saint Peter's University is around $37,529 a year.
In 2020, students graduated with an average of $22,340 in student loans for each student with debt.
Saint Peter's University is a private, religious institution, so it has the same tuition for residents of New Jersey as it does for students who live in 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 students a lot of money on the cost of tuition, as well as loans and interest owed. Be sure to check your state's requirements for in-state tuition. 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 live in.
Explore other New Jersey colleges
Tuition at Saint Peter's University is the same for each student.
International students are not eligible for federal financial aid, but may qualify for private or school-specific aid and scholarships. International students with need may qualify for the following types of financial support at Saint Peter's University:
•On-campus jobs •Loans from outsideSaint Peter's University •Saint Peter's University-specific loans •Athletic Awards •Saint Peter's University-specific scholarships •International Students Tuition Waivers
International students without financial need may be eligible for merit-based institutional scholarships and athletic awards.
In addition to tuition, there are other costs associated with college, like room and board, facility fees, and books and supplies. Let's take a look at what impacts these costs, and what to expect at Saint Peter's University.
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 and supplies depends on the courses you take and the materials required. To save money, many students choose to use books from the library or buy used textbooks and materials.
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 additional fees associated with participating in special activities, like Greek Life, or participating in sports or other extracurriculars. Most colleges offer ways for students with demonstrated need to get help covering these costs.
The cost of getting around 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 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. Keeping in mind, first-year students are not allowed to park a car on campus.
Where are a college is located 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 is usually expensive, but cities may offer more buses, trains and low-cost flight options to actually get to school. Saint Peter's Universityis in a city in New Jersey, not far from New York City.
When budgeting for college, don’t forget to leave some room in your budget for personal expenses, 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 look at the breakdown of all expenses, to get a better idea of how much students can expect to shell out for Saint Peter's University.
What will the cost of attending Saint Peter's University 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 Saint Peter's University undergrads use financial aid to finance their education. In 2023, 1,377 of the 2,134 undergrads enrolled received financial aid. Saint Peter's University meets 77.9% of the demonstrated financial need for undergraduates.
The average financial aid package for a full-time, first-year student is around $37,529 a year. Around 59% of Saint Peter's University undergrads take out student loans to cover any remaining costs. Saint Peter's University graduates who have student loans graduate with an average of $22,340 of student loan debt.
The average debt for each loan type varies.
Average Debt By Loan Type | |
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Federal Loans | $19,508 |
Private Loans | $25,332 |
Most Common Loans for Saint Peter's University Students | |
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Federal Loans | 57% |
Private loans | 8% |
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 Saint Peter's University 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, Saint Peter's University awarded 1,372 need-based scholarships to students, giving away total of $42.3 million to help students with financial need cover the cost of school. An additional $8.04 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 Saint Peter's 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 Saint Peter's University was $37,529 in 2023. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Saint Peter's University seem more manageable.
What will attending Saint Peter's 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 make more informed decisions about the actual cost of attending that school, based on their financial situation. You can find the Saint Peter's University'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 schools offer tuition waivers for employees and their family members, underrepresented students, or military students. Even with a tuition waiver, students are usually responsible for housing, meal plans, and other expenses.
Saint Peter's University has some full or partial tuition waivers available for: - International Students
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.
As of 2021, the total market value of Saint Peter's University's endowment was $40.9 million. The average college endowment was $905 million in 2021.
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Data Source: IPEDs and Peterson's Databases © 2022 Peterson's LLC All rights reserved
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