Aurora University Undergraduate Tuition and Fees: A Comprehensive Guide

For prospective students, understanding the costs associated with higher education is crucial. This article provides a detailed overview of Aurora University's undergraduate tuition, fees, financial aid opportunities, and other related expenses. By examining these factors, students and their families can make informed decisions about financing their education.

Understanding the Cost of Attendance

When considering Aurora University, it's essential to understand the various components that make up the cost of attendance. These costs can be categorized into direct and indirect expenses. Direct costs are those billed directly by the university, while indirect costs are expenses a student may incur while attending college.

Tuition and Fees

Tuition and fees represent the primary direct cost of attending Aurora University. For the academic year 2023-2024, the tuition and fees are $28,220. Compared with the national average cost of tuition of $46,950, Aurora University is cheaper. These fees may cover various services such as library access, student gym facilities, student centers, technology resources, and campus health centers.

Room and Board

A significant factor to consider when evaluating the cost of attending Aurora University is the room and board charges. The university offers on-campus housing, with a total dormitory capacity of 641. The typical room charge for an academic year is 7,046 USD, which falls in the bottom 50% of colleges and universities. Furthermore, the typical board charge for an academic year is 5,604 USD, placing it in the top 45% for this category. Aurora University does provide a board or meal plan for its students.

Books and Supplies

In addition to tuition, students should also budget for books and supplies. The estimated cost for books and supplies is around 1,200 USD per year, placing it in the bottom 50% for this expense category.

Read also: AU Bookstore Information

Other Indirect Costs

Besides tuition, fees, room, board, and books, students should also account for personal expenses and transportation costs. Personal expenses are estimated at $1,944 per year, while transportation costs are around $1,674 per year.

Comparing Costs with Other Institutions

When comparing the total cost of studying at Aurora University to the average total annual costs of studying in the United States, it is important to consider the different types of institutions. For public two-year colleges, the average cost is 15,862 USD. In-state students at a four-year public college can expect to pay an average of 25,707 USD, while out-of-state students at the same type of institution face an average cost of 44,014 USD. Lastly, private non-profit four-year colleges have an average total annual cost of 54,501 USD.

Financial Aid Opportunities at Aurora University

Aurora University offers a variety of financial aid options for its students, with 76% of them receiving some form of assistance. This places the university in the top 35% of institutions in terms of the percentage of students receiving financial aid. One of the primary forms of aid provided by Aurora University is grants, which are available to eligible students. The average aid package awarded is $31,013.

Types of Financial Aid Available

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. The types of need-based scholarships/grants available.

Average Financial Aid Amounts

The average amount of financial aid received by undergraduate students at Aurora University is 26,400 USD, placing the institution in the top 20% for this category. However, graduate students receive a lower average amount of 14,100 USD, which falls in the bottom 30% when compared to other universities. The average need-based scholarship or grant award for first-year students is $21,518.

Read also: Hub of Activity: Alumni Hall

Financial Aid Statistics

Freshmen With Need and Received Financial Aid 99%. The average need-based loan amount is $4,433. Non-Need-Based Aid is $12,723.

Important Financial Aid Dates

The priority application due date is October 1, and the application due date is December 31. The response due date is May 1.

Work-Study Opportunities

Aurora University provides a range of work-study, internship, and on-campus employment options for its students. In a typical year, over 300 students find employment in more than 20 academic, administrative, and support service departments. These on-campus jobs offer the convenience of location and the chance to build relationships with faculty and staff. Additionally, university employers tend to be understanding and flexible regarding academic demands. Students working on campus are paid bi-weekly at minimum wage, with a maximum of 15 hours per week.

Federal Work-Study (FWS)

For those eligible for Federal Work-Study (FWS), Aurora University offers a financial aid program based on need, determined by the information provided on the FAFSA. Students who are not eligible for FWS or have exhausted their FWS eligibility can still work on campus and receive regular wages. It is important to note that FWS earnings are not credited to the student account like grants or scholarships but are paid in the form of a bi-weekly payroll check. Many departments prefer hiring work-study students, as a portion of their wage comes from federal funds.

Regular Wage Employment

Regular wage employment is also available for students who do not qualify for federal work-study. In fact, more than half of the students working at the university are not eligible for work-study. These students are also paid bi-weekly at minimum wage, with a maximum of 15 hours per week.

Internships

Aurora University strongly encourages students to complete at least one internship before graduation.

Student Loan Debt

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. At Aurora University, the median federal loan debt among borrowers who completed their undergraduate degree is $20,318. 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 $215. The typical amount of loans a student must pay back is $24,250.

Indebtedness

In terms of indebtedness, 59% of Aurora University students graduate with debt, which also places the university in the top 35% of institutions. This indicates that while financial aid is widely available, many students still need to rely on loans to cover their educational expenses.

Military Benefits

Aurora University also offers military benefits for eligible students. The average amount of these benefits for both graduate and undergraduate students is 12,240 USD. This places the university in the top 45% for graduate military benefits, but in the bottom 45% for undergraduate military benefits when compared to other institutions. Institution is G.I. Bill certified and participates in Yellow Ribbon Program.

Net Price

The net price is the average cost of the university after aid and scholarship funds are discounted from the total cost. Aurora University's average net price is $19,220 per year. Your net price is a college’s cost of attendance minus the grants and scholarships you receive. 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.

Scholarships

Scholarships are a type of funding that you don’t need to pay back. Need-based scholarships take a student’s financial status into account. Merit-based scholarships are awarded to students 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. See the types of scholarships and grants available at Aurora University below. Types of need-based scholarships/grants available.

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