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Saturday, September 28, 2024

Cost of college went up for all students at Faulkner University

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Tuition and fees rose 3.4 percent for 2018-19 at Faulkner University, according to recent data from the U.S. Department of Education.

Alabama students paid $21,690 to attend the four-year private not-for-profit institution this year – $720 more than the $20,970 charged for 2017-18.

Data shows 100 percent of full-time undergraduates who started school in 2015-16 received student financial aid in some form. In all, 309 students received grants or scholarships totaling $3.9 million and 237 students took out student loans totaling more than $1.4 million.

Including all undergraduates (3,178), 1,946 students used grants or scholarships totaling $17.2 million, and 1,600 students took out $12.1 million in federal student loans.

The cost of attending
Enrollment2015-162016-172017-182018-19Change in tuition and fees 2015-16 to 2018-19
In-state~2,384$19,280$20,130$20,970$21,69012.5%

Undergraduate financial aid
The following data includes only full-time students who began an undergraduate program at Faulkner University in 2015-16.
Type of AidNumber of students receiving aidPercent receiving aidTotal amount of aid receivedAverage amount of aid per student
Federal grants17455%$918,462$5,279
State / local grant or scholarship20364%$184,496$909
Institutional grants or scholarships29794%$2,788,718$9,390
Grant or scholarship aid total30998%$3,891,676$12,594
Federal student loans23675%$1,310,009$5,551
Other student loans103%$99,123$9,912
Student loan aid23775%$1,409,132$5,946
Total student aid315100%--

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