Alderson Broaddus University: Understanding Tuition Fees and Costs

Alderson Broaddus University, situated in Philippi, West Virginia, is a private comprehensive institution offering a range of undergraduate and graduate programs. Established in 1871, AB provides a nurturing learning environment, emphasizing personalized education and opportunities for growth. This article delves into the details of tuition fees, costs, and financial aid options at Alderson Broaddus University, providing a comprehensive overview for prospective students and their families.

Tuition Costs

In 2022, the median undergraduate tuition at Alderson Broaddus University was $31,200, which is $1,920 more than the national average for Baccalaureate Colleges ($29,280). The annual tuition to attend Alderson Broaddus College is $31,200. The cost is the same for both in-state and out-of-state students. This figure represents the direct cost of academic instruction. It's important to remember that this is just one component of the overall cost of attendance.

Historical Tuition Trends

Examining tuition trends over time can provide valuable insights. Here's a look at the in-state sticker price and net price at Alderson Broaddus University over the past decade:

Year	In-State Sticker Price	Net Price
23-24	$46,237	$20,288
22-23	$44,439	$19,499
21-22	$43,171	$20,845
20-21	$42,712	$20,080
19-20	$40,952	$20,087
18-19	$39,102	$19,742
17-18	$37,162	$17,794
16-17	$36,511	$18,233
15-16	$33,396	$17,641
14-15	$33,296	$17,421

As you can see, both the sticker price and net price have generally increased over time, reflecting the rising cost of higher education. Est. This school year, students can expect to pay $31,526 if the growth keeps up. At this rate, we estimate the total cost of tuition and fees for two years at Alderson Broaddus University to be $63,832, and $130,866 for four years.

Additional Costs: Room, Board, and Living Expenses

Beyond tuition, students should also budget for room and board, books, and other living expenses. On campus room and board is provided by the school at a cost of $10,170 per academic year. In 2022, the average yearly cost of room and board at Alderson Broaddus University was of $11,080. The cost of room and board increased by 4.06% between 2021 and 2022.

Read also: History of Alderson Broaddus

If living on-campus, students should budget for $3,067 in additional living expenses.

Other Student Expenses

During the same period, the average yearly cost of books and supplies was $1,500. The cost of books and supplies did not change during the same period.

Net Price and Financial Aid

The net price provides a more realistic estimate of the true cost of attending Alderson Broaddus College, once common grants and scholarships have been taken into account. The average reported annual net price for Alderson Broaddus College for students receiving grants or scholarship aid was $0* in 2019/2020. It's important to note that your net price will fluctuate based on factors such as family income, assets and individual financial need.

Net Price by Income Bracket

How much a student actually pays usually depends, at least in part, on their family's household income. At Alderson Broaddus University this year, we project students with incomes over $110K will pay around $23,129, while students with incomes below $30K will pay around $18,254. That's a difference of $4,876.

Here's a breakdown of the projected net price by income bracket for the 23-24 school year:

Income Bracket	Projected Net Price
<$30K	$18,254
$30K-$48K	$20,107
$48K-$75K	$21,200
$75K-$110K	$21,730
>$110K	$23,129

Financial Aid Availability

Financial aid is only available to those who qualify. 0% of full-time undergrad Alderson Broaddus College received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $0 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. In 2022, 91% of undergraduate students at Alderson Broaddus University received financial aid through grants. Comparatively, 84% of undergraduate students received financial aid through loans.

Student Loans and Debt

To gauge a more realistic picture of what it really could cost you out of pocket to go to Alderson Broaddus College, we've modeled a ten year student loan with an original principal value of $0. The loan balance of $0 is a four year multiple of the $0 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 $0 could be required to pay off 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.

Affordability and Loan Repayment

In order to afford student loan payments and still meet all your other costs of living, it is recommended not to borrow more than you can pay back using 10% of your monthly income earned after graduation. If you're considering attending Alderson Broaddus College, should consider if it will be realistic to make the post graduation loan payments based on your expected salary. a $0.00 monthly payment in the example $0.00 loan modeled above. This assumes a repayment over 0 years. You can change the terms of this example loan using the student loan calculator below.

Graduation Rates and Student Outcomes

A school’s graduation rate can indicate how likely a student is to complete their degree. At Alderson Broaddus University, over the last five years 34% of students earned their bachelor’s degree within six years of enrolling.

Additional Factors to Consider

Acceptance Rate: In 2022, the undergraduate acceptance rate of Alderson Broaddus University was 61.5% (1,041 admissions from 1,693 applications). This is lower than the acceptance rate of 2021, which was 66.5%.
Enrollment: Alderson Broaddus University had a total enrollment of 767 students in 2022. The full-time enrollment at Alderson Broaddus University is 702 students and the part-time enrollment is 65. This means that 91.5% of students enrolled at Alderson Broaddus University are enrolled full-time.
Student Demographics: The enrolled student population at Alderson Broaddus University, both undergraduate and graduate, is 54.1% White, 24.3% Black or African American, 6.52% Hispanic or Latino, 1.69% American Indian or Alaska Native, 1.43% Asian, 0.391% Native Hawaiian or Other Pacific Islanders, and 0.391% Two or More Races.

Campus Life and Student Activities

Not everything at Alderson Broaddus University is about learning and grades: campus life is an essential part of your educational experience. Based on the most up-to-date information available, there are 16 open-membership organizations at Alderson Broaddus University. The percentage of male students who are members of organizations is 5 and female students 4.

Read also: Affording ECU

Student Organizations

The student organization that has the biggest membership is Lambda Omega Mu fraternity, followed by Epsilon Tau Eta Sigma fraternity and Sigma Delta Nu Fraternity. Other popular student organizations at this school are Black Student Union and AAPA/Hu C. For students with a talent for acting, there is a drama club.

Campus Services

The dormitory entrances are electronically operated. There is a security patrol that operates around the clock. There is a medical clinic with personal/psychological counseling. At Alderson Broaddus University, there is both group career counseling for all students and individual career counseling for all students. There are job fairs. Job interviews are also available to students through the career center. There is campus employer recruitment for all the students. This school offers alumni networking opportunities, which could be excellent for your future career.

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