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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
 
Albion College
Albion, MI
TUITION AND EXPENSES
Cost of Attendance $54,150
Tuition and Fees $41,040
Room and Board $11,610
 
Books and Supplies $700
Other Expenses $800
Payment Plans Credit card, installment plan, deferred payment, external finance company
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 15
Method for Awarding Institutional Aid Federal Methodology
Forms Required Cost to File
FAFSA
Code is 002235
Free
PROFILE OF 2016-17 FINANCIAL AID
Freshmen
Financial Aid Applicants 374 (93.0%) of freshmen
Found to Have Need 335 (89.6%) of applicants
Received Financial Aid 335 (100.0%) of applicants with financial need
Need Fully Met 69 (20.6%) of aid recipients
Avg. Pct. of Need Met 92%
Average Award $40,574
  Need-Based Gift Received by 335 (100.0%) of aid recipients, average amount $35,581
  Need-Based
  Self-Help
Received by 285 (85.1%) of aid recipients, average amount $5,870
  Merit-Based Gift Received by 330 (98.5%) of aid recipients
Merit-Based Gift 67 (16.7%) of freshmen had no financial need and received merit aid, average amount $24,351
 
All Undergraduates
Financial Aid Applicants 1,143 (82.1%) of undergraduates
Found to Have Need 1,048 (91.7%) of applicants
Received Financial Aid 1,047 (99.9%) of applicants with financial need
Need Fully Met 203 (19.4%) of aid recipients
Avg. Pct. of Need Met 86%
Average Award $35,866
  Need-Based Gift Received by 1,047 (100.0%) of aid recipients, average amount $31,104
  Need-Based
  Self-Help
Received by 882 (84.2%) of aid recipients, average amount $5,663
  Merit-Based Gift Received by 1,022 (97.6%) of aid recipients
Merit-Based Gift 341 (24.5%) of undergraduates had no financial need and received merit aid, average amount $21,079
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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 68%
Average Indebtedness of 2016 Graduates $38,356
Parents Borrowing PLUS Loans
  Parents of Students Receiving Aid 16.0%
  Parents of Students Not Receiving Aid 3.0%
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, Creative arts/performance scholarships, Music/Drama scholarships, Alumni affiliation scholarships, Leadership scholarships
Non-Need Awards
Academic Interest/ Achievement Award Areas Communication
  Number of Awards 1,240
  Top Areas (By
  Money Awarded)
 
Creative Arts/ Performance
Award Areas
Art/Fine Arts, Music, Performing Arts, Theater/Drama
  Number of Awards 56
  Top Areas (By
  Money Awarded)
 
Special Achievements/ Activities Award Areas Not reported
  Number of Awards Not reported
  Top Areas (By
  Money Awarded)
 
Special Characteristics
Award Areas
Children and Siblings of Alumni, International Students, Out-of-State Students, Relatives of Clergy
  Number of Awards 308
  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
$1,334