Understanding Assumption University Tuition and Fees

Choosing a university is a significant decision, especially when considering the financial implications. This article provides a comprehensive overview of Assumption University's tuition, fees, and financial aid options, assisting prospective students and their families in making informed decisions.

Tuition and Fees: The Sticker Price

Assumption University's tuition for undergraduate students is $53,420, placing it above the national average of $46,950. This figure represents the "sticker price" and includes both tuition and fees. These fees support various campus services such as library access, gym facilities, student centers, technology resources, and health centers.

It is important to note that full-time students are defined as those taking a minimum of 12 credits per semester. Students taking more than 15 credits per semester will incur additional tuition charges. Part-time tuition charges are only applied to students who are approved to be part-time students by the Registrar’s Office.

Additional Costs: Beyond Tuition

When budgeting for college, it's crucial to consider the total cost of attendance, which includes not only tuition and fees but also:

Room and Board: Housing and meal plans.
Books and Supplies: Textbooks and other academic materials, estimated at $1,000 per year.
Transportation: Costs associated with traveling to and from campus, estimated at $800 per year.
Personal Expenses: Miscellaneous costs such as clothing, entertainment, and personal care items, estimated at $1,000 per year.

At Assumption University, the total cost of attendance is $69,942.

Nursing Program Fees

Nursing students face additional fees to cover the costs of specialized resources and equipment. A fee of $70.00 per credit is assessed for all Nursing credits (designated NUR). With 56 NUR credits in the four-year program, this amounts to a significant additional expense. This fee supports:

The purchase of an iPad (spring sophomore year).
Access to CastleBranch, a clinical credentialing platform.
ATI, providing student success resources, assignments, and assessments throughout the nursing curriculum.
Access to exam security software.
Lab supplies.
Fees imposed on the School of Nursing by clinical agencies.

Nursing students are also responsible for purchasing:

At least one School of Nursing uniform from the approved vendor, including embroidery and a patch as per guidelines.
A Littmann stethoscope.
An adult-sized manual blood pressure cuff (Sphygmomanometer).
A penlight.
A watch with a sweep hand.

Financial Aid: Making Assumption University Affordable

While the sticker price may seem daunting, Assumption University is committed to making education accessible through financial aid. A significant percentage of students receive financial assistance in the form of scholarships, grants, loans, and work-study programs.

Students Receiving Financial Aid: 69%
Freshmen With Need and Received Financial Aid: 100%
Average Aid Package: $45,310
Average Net Price: $29,072 per year

Assumption University met 83% of its students’ financial aid need.

Types of Financial Aid

Financial aid comes in various forms, each with its own terms and conditions:

Read also: Affording ECU

Scholarships and Grants

Scholarships and grants are forms of financial aid that do not need to be repaid.

Need-Based Scholarships and Grants: Awarded based on a student's financial need, as determined by the Free Application for Federal Student Aid (FAFSA). The average need-based scholarship or grant awarded to first-year students at Assumption University was $38,100. 74% of first-year students received need-based financial aid in fall 2023.
Merit-Based Scholarships and Grants: Awarded based on academic achievement, talent, or other criteria. The average non-need-based scholarship or grant awarded to first-year students at Assumption University - excluding any athletic scholarships, if applicable - was $29,975.
Types of Need-Based Scholarships/Grants Available

Loans

Loans are a form of financial aid that must be repaid with interest.

Federal Loans: Loans provided by the federal government with typically lower interest rates and more flexible repayment options. The median federal loan debt among borrowers who completed their undergraduate degree is $27,000. The median monthly federal loan payment (if it were repaid over 10 years at 5.05% interest) for student federal loan borrowers who graduated is $286.
Private Loans: Loans provided by private lenders, such as banks or credit unions, with varying interest rates and repayment terms. 24% of graduating students at Assumption University took out private loans. Students with private loans had an average of $50,346 in private loan debt at graduation.

Work-Study

Work-study programs provide students with part-time jobs on campus to help them earn money to cover expenses. Schools offer work-study programs to those who qualify and campus jobs to students looking to earn money in their free time. Some institutions match students with work-study positions, while others require them apply to the positions, like they would for any other job. Begin your job search by checking whether your college has in-person or online job boards.

Need-Based Self-Help Aid

Need-based self-help aid includes federal loans and work-study. The average need-based self-help aid awarded to first-year students was $5,315.

Net Price Calculator

Assumption University provides a Net Price Calculator on its Financial Aid webpage. This tool allows prospective students to estimate their individual net price, which is the cost of attendance minus grants and scholarships. The Net Price Calculator is only valid for prospective, first-year, full-time, domestic students. Using this calculator can provide a more accurate picture of the actual cost of attending Assumption University based on a student's specific financial situation.

Read also: Withdrawals for College: A Guide

Understanding Student Loan Debt

It's crucial to understand the implications of student loan debt before taking out loans. Ideally, your total student loan debt should fall below your anticipated starting salary once you graduate.

Average Total Indebtedness of 2024 Graduating Class: $41,006
Graduating students who have borrowed (any loan type, 2024): 77%

Financial Aid Dates and Deadlines

Priority Application Due: March 15. Applications received prior to this date will be given the strongest consideration. Still apply for financial aid if you don’t make this due date.
Application Due: Not available. The last day to apply for financial aid or turn in related paperwork.
Notification Date: Not available. When students receive a letter with the amount and types of aid the college is offering.
Response Due: Not available. The deadline for students to respond to the college’s aid offer.

Tuition Payment and Refunds

The Student Account Center can be accessed 24/7, and one-time payments are secure and post in real-time. Payments can also be made by cash or bank check at the Cashier’s office on campus weekday mornings between 8:30am and 11:45am.

No consideration will be given to an application for a refund unless the student has given notice to the Program Director at the time of withdrawal from a course. No fee paid, or any portion thereof, is returnable as a matter of right upon a student’s withdrawal from the University. The “date of withdrawal” is the date on which the student has actually notified the department.

Is Assumption University Worth the Investment?

Determining whether Assumption University is "worth it" depends on individual circumstances and priorities. While the tuition is relatively high, the university's strong academic programs, dedicated faculty, and emphasis on real-world application and community engagement provide a transformative academic experience. Moreover, the availability of financial aid significantly reduces the net price for many students.

When considering the value of an Assumption University education, it's important to look beyond the initial costs and consider the potential return on investment in terms of career opportunities, personal growth, and lifelong learning. The psychology program, for example, is highly respected and can lead to invaluable networking opportunities, internships, and job prospects post-graduation.

Ultimately, the decision of whether to attend Assumption University is a personal one that should be based on a careful evaluation of costs, benefits, and individual goals.

G.I. Bill and Yellow Ribbon Program

Institution is G.I. Bill certified: Yes

Institution participates in Yellow Ribbon Program: Yes

Graduate Students

Graduate students are required to enroll/waive the state mandated medical insurance if enrolled in 6 or more credits for fall or spring semester.

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