F
#4 Best Private Colleges in Alabama

Faulkner Tuition & Cost

Montgomery, Alabama

 0 Reviews

How much does it cost to attend?

Sticker Price
$37,290
Costs for Faulkner University
Fee Cost
Tuition$21,000
Books and Supplies$1,800
Other Fees$1,990
Room and Board $8,100
Other Expenses Budget$4,400

Annual Prices

The annual list price to attend Faulkner University on a full time basis for 2020/2021 is $37,290 for all students regardless of their residency. This fee is comprised of $21,000 for tuition, $8,100 room and board, $1,800 for books and supplies and $1,990 for other fees. Out of state tuition for Faulkner University is $21,000, the same as Alabama residents.

All price data is sourced from the 2020/2021 U.S. Department of Education National Center for Education Statistics survey.

Net Price

Net price is indicative of what it actually costs to attend Faulkner University when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2019/2020
$19,889
Net Price by Income Faulkner University
Family Income Net Price Paid
$0 to $30,000$19,201
$30,001 to $48,000$21,231
$48,001 to $75,000$18,988
$75,001 to $110,000$22,399
$110,000+$23,168

The average reported annual net price for Faulkner University for students receiving grants or scholarship aid was $19,889 in 2019/2020. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

Costs for Similar Colleges

Financial Aid

100% of full-time undergrad Faulkner University received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $16,194 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 75% of students received Federal Student Loans averaging $8,583 and 6% of undergrads took out private student loans averaging $12,787.

Finanical Aid Faulkner University
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $16,194 100%
Institutional Grants and Scholarships $11,981 91%
Pell Grants $4,751 50%
Other Federal Grants $1,972 88%
State and Local Grants $1,429 72%
Federal Student Loans $8,583 75%
Other Student Loans $12,787 6%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Faulkner University, we've modeled a ten year student loan with an original principal value of $82,076. The loan balance of $82,076 is a four year multiple of the $20,519 average net price. This is a estimate of what you could owe upon graduation if you were to qualify for average financial aid and what a degree really may cost. Should you not qualify for financial aid, you may owe significantly more when you graduate. Based on these assumptions, a monthly repayment of $783 could be required to satisfy your student loan.

Please note that financial aid is not guaranteed and is only available for qualifying students. Federal Student Loans are not grants and must be repaid with interest. The current Stafford loan interest rate is 2.75%.

Example Loan $82,076
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $783.10
Total Interest Paid $11,895.47
Sum of All Loan Payments $93,971.47

Projected 4 Year Degree Price

4 Year Sticker Price
$149,160
Year All Residents
1 $37,290
2 $38,782
3 $40,333
4 $41,946

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Faulkner University to be $149,160 - assuming graduation in normal time. The estimation assumes a 4% annual increase over the next 4 years which has been the recent trend for this school.

Credit Hour Cost and Price per Class

Credit Hour and Class Costs at Faulkner University
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $720 $2,160 $2,880

Estimated cost for a class at Faulkner University based on published credit hour prices. Note that not all schools allow single class enrollment. These prices should be used for comparison purposes as to how much it may cost to take a class at Faulkner University versus other colleges.

Tuition Payment Plans Available

Faulkner University Payment Plans
Tuition Payment Plan Yes
Prepaid Tuition Plan No
Alternative Tuition Plan Yes
Guaranteed Tuition Plan No

Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=101189 IPEDS survey data for Faulkner University.