Understanding the Cost of Attendance at Adrian College
For many prospective students, understanding the financial implications of attending college is paramount. This article breaks down the cost of attendance at Adrian College, a private institution in Adrian, Michigan, offering undergraduate degrees in 103 majors. We'll explore the sticker price, net price, financial aid options, and other factors that influence the overall cost of pursuing higher education at this institution.
The Sticker Price vs. Net Price
The first thing to understand is the difference between the sticker price and the net price. The projected sticker price at Adrian College is $60,068. This figure includes both tuition and fees. Fees differ by institution and may fund library services, student gym facilities, student centers, technology resources and campus health centers. Compared with the national average cost of tuition of $47,097, Adrian College is cheaper.
However, the projected average net price for this year at Adrian College is $23,869. The net price you pay for a particular college is specific to you because it’s based on your personal circumstances and the college’s financial aid policies. Use the college’s Net Price calculator for the most accurate estimate of your net price. The average net price is what students actually pay after taking into account grants and scholarships. That’s a difference of $36,199. This significant difference highlights the importance of exploring financial aid options.
Historical Trends in Pricing
Looking at historical data provides valuable context. Here's a breakdown of the net and in-state sticker prices at Adrian College over the years:
| Year | Net In-State Price | In-State Sticker Price |
|---|---|---|
| 25-26 | $23,869 | $60,068 |
| 24-25 | $23,252 | $58,516 |
| 23-24 | $22,651 | $57,004 |
| 22-23 | $22,053 | $55,498 |
| 21-22 | $24,870 | $56,897 |
| 20-21 | $24,050 | $56,060 |
| 19-20 | $25,520 | $54,829 |
| 18-19 | $24,520 | $53,481 |
| 17-18 | $26,710 | $52,074 |
| 16-17 | $26,930 | $50,706 |
| 15-16 | $25,839 | $48,906 |
| 14-15 | $23,129 | $45,072 |
| 13-14 | $21,962 | $42,740 |
This data reveals a general upward trend in both sticker and net prices, though the net price fluctuates more from year to year.
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Net Price by Income Bracket
A crucial factor determining the actual cost is a student's family household income. How much a student actually pays usually depends, at least in part, on their family's household income. Here's the projected net price for the 25-26 school year, broken down by income bracket:
- Less than $30K: $16,980
- $30K - $48K: $16,864
- $48K - $75K: $21,136
- $75K - $110K: $26,044
- Over $110K: $29,143
At Adrian College this year, we project that students with incomes over $110K will pay around $29,143, while students with incomes between $30K and $48K will pay around $16,864. That's a difference of $12,279. This demonstrates the significant impact of income on the affordability of Adrian College.
Additional Costs to Consider
Beyond tuition and fees, students should also budget for other expenses. As you’re comparing costs of different institutions, also consider the total cost and the net price. The total cost is the sticker price, plus the cost of food and housing, books and supplies, and transportation and personal expenses. At Adrian College, the total cost is $67,394. These include:
- Books and Supplies: $1,100 per year
- Personal Expenses: $1,822 per year
- Transportation: Not available
Financial Aid Opportunities
Financial aid can include grants, loans, scholarships and work-study jobs. Financial aid packages vary depending on your financial need. Most colleges determine financial need based on your FAFSA. Adrian College met 82% of its students’ financial aid need.
The average aid package awarded is $32,041.
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The average need-based scholarship or grant awarded to first-year students at Adrian College was $38,295. Additionally, 88% of first-year students received need-based financial aid in fall 2023.
Need-based self-help aid includes federal loans and work-study. The average need-based self-help aid awarded to first-year students was $2,388.
There are several types of financial aid available:
- Need-Based Scholarships and Grants: Scholarships and grants don’t need to be paid back.
- Loans: Loans must be paid back.
- Merit-Based Scholarships: These are awarded for academic or athletic achievement. You might also qualify for a scholarship based on your community service involvement, unique hobbies or traits, your personal background, or a parent’s employer or military affiliation.
Some students receive enough in scholarship money to cover their tuition and living expenses.
Important Financial Aid Dates
- Application Due: Not available (The last day to apply for financial aid or turn in related paperwork.)
- Priority Application Due: Not available (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.)
- 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.)
Student Loan Debt
Student Loan Debt for Adrian College: How much student loan debt you accumulate can affect your financial life long after college ends. Ideally, your total student loan debt should fall below your anticipated starting salary once you graduate.
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At Adrian College, 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.
Additional Information
Adrian College is G.I. Bill certified and participates in the Yellow Ribbon Program.
Graduation Rates and Student Demographics
A school’s graduation rate can indicate how likely a student is to complete their degree. At Adrian College, over the last five years 52% of students earned their bachelor’s degree within six years of enrolling.
Students from different demographic backgrounds often graduate at different rates, so it can be helpful to look beyond the overall graduation rate. This chart shows how students of different races and ethnicities fare earning their degrees at Adrian College.
| Demographic Category | Graduation Rate at Adrian College | National Average |
|---|---|---|
| American Indian/Alaska Native | 18% | 31% |
| Asian | 40% | 45% |
| Black | 28% | 34% |
| Hispanic | 45% | 41% |
| Native Hawaiian/Pacific Islander | 67% | 28% |
| White | 59% | 50% |
| Multiple Races | 43% | 37% |
| Unknown Race | 41% | 37% |
Working During School
Jobs: Working while in school can help lessen the burden of your student loans. 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.
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