Private 4 Year

AU Tuition & Cost

Danville, Virginia

 1 Reviews

How much does it cost to attend?

Sticker Price
Costs for Averett University
Fee Cost
Books and Supplies$1,000
Other Fees$150
Room and Board $10,560
Other Expenses Budget$2,476

Annual Prices

The annual list price to attend Averett University on a full time basis for 2018/2019 is $49,636 for all students regardless of their residency. This fee is comprised of $35,450 for tuition, $10,560 room and board, $1,000 for books and supplies and $150 for other fees. Out of state tuition for Averett University is $35,450, the same as Virginia residents.

All price data is sourced from the 2019/2020 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 Averett University when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2018/2019
Net Price by Income Averett University
Family Income Net Price Paid
$0 to $30,000$21,385
$30,001 to $48,000$18,417
$48,001 to $75,000$21,481
$75,001 to $110,000$25,357

The average reported annual net price for Averett University for students receiving grants or scholarship aid was $24,013 in 2018/2019. 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 Averett 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 $22,378 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 81% of students received Federal Student Loans averaging $5,562 and 15% of undergrads took out private student loans averaging $15,338.

Finanical Aid Averett University
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $22,378 100%
Institutional Grants and Scholarships $18,224 100%
Pell Grants $4,506 45%
Other Federal Grants $500 2%
State and Local Grants $4,142 53%
Federal Student Loans $5,562 81%
Other Student Loans $15,338 15%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Averett University, we've modeled a ten year student loan with an original principal value of $73,668. The loan balance of $73,668 is a four year multiple of the $18,417 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 $703 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 $73,668
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $702.87
Total Interest Paid $10,676.88
Sum of All Loan Payments $84,344.88

Projected 4 Year Degree Price

4 Year Sticker Price
Year All Residents
1 $49,636
2 $51,782
3 $54,020
4 $56,355

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Averett University to be $198,544 - assuming graduation in normal time. The estimation assumes a 4.3% 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 Averett University
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $1,475 $4,425 $5,900

Estimated cost for a class at Averett 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 Averett University versus other colleges.

Tuition Payment Plans Available

Averett 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=231420 IPEDS survey data for Averett University.