How much does it cost to attend?
In State North Carolina Resident Sticker Price
| Fee | Cost |
|---|---|
| Tuition | $2,092 |
| Books and Supplies | $1,069 |
| Other Fees | $147 |
| Estimated Off Campus Cost of Living | $10,011 |
| Other Expenses Budget | $4,419 |
Out of State Resident Sticker Price
| Fee | Cost |
|---|---|
| Tuition | $7,298 |
| Books and Supplies | $1,069 |
| Other Fees | $147 |
| Estimated Off Campus Cost of Living | $10,011 |
| Other Expenses Budget | $4,419 |
Residents of North Carolina pay an annual total price of $17,738 to attend College of the Albemarle on a full time basis. This fee is comprised of $2,092 for tuition, $1,069 for books and supplies and $147 for other fees.
Out of state residents are charged a total cost of $22,944 which is 29.3% higher than North Carolina residents. The tuition charge is $7,298 while books and supplies are $1,069 and other fees come in at $147.
All price data is sourced from the 2018/2019 U.S. Department of Education National Center for Education Statistics survey.
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Net Price
Net price is indicative of what it actually costs to attend College of the Albemarle when typical grants and scholarships are considered. The net price varies by family income and financial need.
Average Net Price 2017/2018
| Family Income | Net Price Paid |
|---|---|
| $0 to $30,000 | $5,584 |
| $30,001 to $48,000 | $6,509 |
| $48,001 to $75,000 | $6,539 |
| $75,001 to $110,000 | $5,868 |
| $110,000+ | n/a |
The average reported annual net price for College of the Albemarle for students receiving grants or scholarship aid was $6,445 in 2017/2018. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses
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Financial Aid
| Type | Avg./Student | Students Receiving |
|---|---|---|
| Annual Total Grant Aid | $5,178 | 72% |
| Pell Grant | $4,958 | 61% |
| Federal Student Loan | $0 | 0% |
The average reported annual net price for College of the Albemarle for students receiving grants or scholarship aid was $6,445 in 2017/2018.
Student Loans
To gauge a more realistic picture of what it may really cost you out of pocket to go to College of the Albemarle, we've modeled a ten year student loan with an original principal value of $12,632. The loan balance of $12,632 is a two year multiple of the $6,316 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 $131 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 4.529%.
| Example Loan | $12,632 |
| Stafford Loan Interest Rate | 4.5% |
| Time to Pay Off Student Loan | 10 years |
| Example Monthly Payment | $131.09 |
| Total Interest Paid | $3,099.12 |
| Sum of All Loan Payments | $15,731.12 |
Projected 2 Year Degree Price
2 Year Sticker Price
| Year | North Carolina Residents | Non Residents |
|---|---|---|
| 1 | $17,738 | $22,944 |
| 2 | $18,144 | $23,470 |
Based on published tuition prices, we estimate the current cost of a 2 year associate degree and living expenses at College of the Albemarle to be $35,476 - assuming graduation in normal time. The estimation assumes a 2.3% annual increase over the next 2 years which has been the recent trend for this school.
Credit Hour Cost and Price per Class
| Price Per Credit | 3 Credit Class | 4 Credit Class | |
|---|---|---|---|
| North Carolina Residents | $76 | $228 | $304 | Out of State Residents | $268 | $804 | $1,072 |
Estimated cost for a class at College of the Albemarle 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 College of the Albemarle versus other colleges.
Tuition Payment Plans Available
| 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=197814 IPEDS survey data for College of the Albemarle.