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C O L L E G E   P R O F I L E   -   M O N E Y   M A T T E R S
 
Alvernia University
Reading, PA
TUITION AND EXPENSES
Cost of Attendance $47,700
Tuition and Fees $32,270
Room and Board $11,430
 
Books and Supplies $1,500
Other Expenses $2,500
Payment Plans Credit card, installment plan, deferred payment
APPLYING FOR FINANCIAL AID
Financial Aid Office
E-mail  
Web Site Financial Aid Web Site
Net Price Calculator URL Net Price Calculator URL
 
Application Process
Application Deadline  
Award Notification On a rolling basis beginning March 1
Method for Awarding Institutional Aid Federal Methodology
Forms Required Cost to File
FAFSA
Code is 003233
Free
State Aid Form  
PROFILE OF 2016-17 FINANCIAL AID
Freshmen
Financial Aid Applicants 333 (96.5%) of freshmen
Found to Have Need 294 (88.3%) of applicants
Received Financial Aid 294 (100.0%) of applicants with financial need
Need Fully Met 41 (13.9%) of aid recipients
Avg. Pct. of Need Met 68%
Average Award $22,520
  Need-Based Gift Received by 294 (100.0%) of aid recipients, average amount $18,943
  Need-Based
  Self-Help
Received by 250 (85.0%) of aid recipients, average amount $4,206
  Merit-Based Gift Received by 31 (10.5%) of aid recipients
Merit-Based Gift 51 (14.8%) of freshmen had no financial need and received merit aid, average amount $13,419
 
All Undergraduates
Financial Aid Applicants 1,582 (93.8%) of undergraduates
Found to Have Need 1,434 (90.6%) of applicants
Received Financial Aid 1,431 (99.8%) of applicants with financial need
Need Fully Met 192 (13.4%) of aid recipients
Avg. Pct. of Need Met 65%
Average Award $20,349
  Need-Based Gift Received by 1,400 (97.8%) of aid recipients, average amount $16,212
  Need-Based
  Self-Help
Received by 1,263 (88.3%) of aid recipients, average amount $5,085
  Merit-Based Gift Received by 120 (8.4%) of aid recipients
Merit-Based Gift 207 (12.3%) of undergraduates had no financial need and received merit aid, average amount $13,054
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C O L L E G E   P R O F I L E   -   M O N E Y   M A T T E R S   -   2
 
PROFILE OF 2016-17 FINANCIAL AID - continued
Borrowing
2016 Graduates Who Took Out Loans 84%
Average Indebtedness of 2016 Graduates $51,958
Parents Borrowing PLUS Loans
  Parents of Students Receiving Aid 19.0%
  Parents of Students Not Receiving Aid 1.0%
FINANCIAL AID PROGRAMS
Loans
Federal Loans Direct subsidized Stafford loans, direct unsubsidized Stafford loans, direct PLUS loans, Federal Perkins loans
State Loans  
Other Loans  
Scholarships and Grants
Need-Based Available Federal Pell grants, SEOG, State scholarships, Institutional scholarships, Private scholarships
Non-Need-Based Available Academic scholarships, ROTC scholarships
Non-Need Awards
Academic Interest/ Achievement Award Areas Not reported
  Number of Awards Not reported
  Top Areas (By
  Money Awarded)
 
Creative Arts/ Performance
Award Areas
Not reported
  Number of Awards Not reported
  Top Areas (By
  Money Awarded)
 
Special Achievements/ Activities Award Areas Community Service, Leadership, Memberships, Religious Involvement
  Number of Awards Not reported
  Top Areas (By
  Money Awarded)
 
Special Characteristics
Award Areas
Children and Siblings of Alumni, Children of Faculty/Staff, Local/State Students, Siblings of Current Students
  Number of Awards Not reported
  Top Areas (By
  Money Awarded)
 
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C O L L E G E   P R O F I L E   -   M O N E Y   M A T T E R S   -   3
 
FINANCIAL AID PROGRAMS - continued
Employment
Work-Study Programs Federal work study available, other work study available
Average Earnings from
On-Campus Employment
$1,592