Auburn University at Montgomery: Understanding Tuition Fees and Costs
Choosing a university is a significant decision, and understanding the costs involved is crucial. This article provides a detailed overview of tuition fees, other expenses, and financial aid options at Auburn University at Montgomery (AUM), offering valuable insights for prospective students and their families.
Tuition and Fees: The Sticker Price
The initial cost you see, often called the "sticker price," includes tuition and fees. At Auburn University at Montgomery, the tuition for the 2023-2024 academic year is $13,065 for in-state students and $27,195 for out-of-state students. Compared to the national average of $12,422 for in-state tuition, AUM is slightly more expensive for Alabama residents. However, for out-of-state students, AUM's tuition is more affordable than the national average of $29,767.
These fees cover various aspects of university life, including library services, student gym facilities, student centers, technology resources, and campus health centers. It's important to remember that tuition and fees are an investment in your future, contributing to the high-quality learning environment AUM provides.
Total Cost of Attendance: Beyond Tuition
When budgeting for college, it's essential to consider the total cost of attendance, which includes the sticker price plus additional expenses. At Auburn University at Montgomery, the total cost for in-state students is approximately $27,713, while for out-of-state students, it's around $41,573.
This total cost encompasses:
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- Tuition and Fees: As mentioned above, $13,065 for in-state and $27,195 for out-of-state.
- Books and Supplies: An estimated $1,500 per year.
- Personal Expenses: Approximately $1,530 per year.
- Transportation: Around $3,150 per year.
The cost of attendance is an estimate of what it will cost a student to attend AUM for an academic year, covering both the fall and spring semesters. It includes not only tuition and registration or student services fees but also estimated average costs for books, course materials, supplies, equipment, housing, food, transportation, and personal expenses. The average cost of tuition and fees is based on enrollment for 12 credit hours per semester for undergraduate students and nine credit hours per semester for graduate students (fall, spring, or summer).
Net Price: What You Actually Pay
The net price is a more personalized estimate of what you'll pay after factoring in grants and scholarships. It's calculated by subtracting the financial aid you receive from the college's cost of attendance. Because it's based on your individual circumstances and the college's financial aid policies, your net price will be unique to you. AUM's average net price is $15,458 per year. The best way to get an accurate estimate of your net price is to use the Net Price Calculator available on the AUM website.
Financial Aid: Making Education Accessible
Auburn University at Montgomery is committed to making education accessible and offers various financial aid options, including grants, loans, scholarships, and work-study jobs. Financial aid packages are determined based on your financial need, which most colleges assess using the Free Application for Federal Student Aid (FAFSA).
In recent years, 55% of AUM students have received some form of financial aid. Among freshmen with demonstrated financial need, 95% received financial aid. The average aid package awarded is $2,845.
Financial Aid Breakdown:
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- Need-Based Scholarships or Grants: These awards do not need to be repaid. The average need-based scholarship or grant award is $4,386.
- Need-Based Loans: These loans must be repaid with interest. The average need-based loan amount is $3,681.
- Debt at Graduation: The typical amount of loans a student must repay upon graduation is $9,950.
Important Financial Aid Dates
- Application Due Date: March 1. This is the deadline to apply for financial aid or submit related paperwork.
- Priority Application Due Date: March 1. Applications received by this date receive the strongest consideration. However, it's still advisable to apply for financial aid even if you miss this deadline.
Tuition Guarantee Plans
AUM offers tuition guarantee plans to students making advance payments, guaranteeing the tuition rate at the time of their first enrollment.
Making Your Online Program More Affordable
AUM provides several avenues to manage tuition costs for online degree programs:
- Financial Aid: Eligible students can make their tuition costs more affordable through federal loans and other financial aid programs. After applying to AUM, completing the FAFSA form will determine your financial aid eligibility. The school code for Auburn University at Montgomery is 008310.
- Military Benefits: AUM is recognized as a Military Friendly® school and offers affordable online degree programs for active-duty and veteran service members.
- Federal Grants: In addition to completing the FAFSA, you might be able to access financial aid by pursuing federal grants that do not have to be repaid. Options include the Federal Pell Grant and the Alabama Student Assistance Program Grant.
- Transfer Credits: Maximize your past college experience by transferring your credits to Auburn University at Montgomery.
Additional Resources
- Financial Aid Office: Contact the AUM Financial Aid Office for personalized assistance and to answer any questions you may have.
- Net Price Calculator: Use the Net Price Calculator on the AUM website for a customized estimate of your net price.
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