Faulkner University

Montgomery, Alabama


Costs to Attend Faulkner University

Are you interested in applying to Faulkner University yet wondering how much it costs or if you can afford to attend? Use our comprehensive price data and loan calculation tools to assist in determining if this school makes financial sense for you and your intended major of study.

Annual Cost

  • Total One Academic Year Cost
  • All Residents: $25,830
  • Cost Itemization
  • Tution for all Residents: $15,730
  • Room and Board or estimated off campus living expense: $6,650
  • Books and Supplies: $1,800
  • Other Fees: $1,650

The cost per year to attend Faulkner University is $25,830 for the 2012/2013 academic year. How much may your student loan payments be and can you afford to attend? If you are interested in learning more, request additional information to be sent to you from Faulkner University

All price data are reprinted from the U.S. Department of Education's 2012-2013 and 2011-2012 IPEDS Survey and represent reported costs for the 2012-2013 and 2011-2012 academic years. Please consult the school directly for the most up to date price information.

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Estimated 4 Year Cost at Current Tuition

At current published tuition rates, the estimated total tuition and living expense cost of a 4 year bachelor's degree at Faulkner University is $103,320 for students graduating in normal time. Our methodology for estimating the 4 year cost is a multiple of the most recent reported annual cost and does not factor in tuition increases.

  • 4 Year Total Cost (tuition and living expenses): $103,320

Estimated Cost Per Semester

  • Alabama Residents Total Cost Per Semester: $12,915

Average Net Price and Financial Aid

  • Average Annual Net Price: $20,519*
  • Estimated Average 4 Year Degree Cost: $82,076**
  • Percent of Students Receiving Grant Aid: 100%
  • Average Annual Total Grant Aid Amount: $2,532
  • Percent of Students Receiving Pell Grants: 58%
  • Average Amount of Pell Grant Aid: $2,206
  • Percent of Students Receiving Federal Student Loans: 98%
  • Average Amount of Federal Student Loan Aid: $2,867

*Reported Average Annual Net Price for students receiving grant or scholarship aid reported to the U.S. Department of Education's 2011-2012 IPEDS Survey. Financial aid is only available to those who qualify. Consult this school's net price calculator for further understanding of your potential net price.

**Based on a 4 year multiple of Average Annual Net Price for students receiving grant or scholarship aid reported to the U.S. Department of Education's 2011-2012 IPEDS Survey. Financial aid is only available to those who qualify. Consult this school's net price calculator for further understanding of your potential net price.

Note that for colleges with no reported on-campus room and board, the average net price has been increased to account for living expenses. This number may not only reflect the net price paid to the school for tuition.

For Profit / Not For Profit Status

Faulkner University is a not for profit institution.

Example Student Loan Payments and Costs

How much are estimated student loan payments for Faulkner University? Below are the costs for an example student loan if you borrowed $82,076, our estimated average net price for a four year degree. Note that this calculation assumes you are part of the reported 100% of students at this school who receive financial aid and you are paying an average annual net price of $20,519. If you do not financially qualify for a reduced net price, your student loan payments may be significantly higher than this example. Use our Faulkner University student loan calculator below to change loan assumptions and recalculate.

Student loans are not free money and must be repaid. You cannot dismiss student loans by via bankruptcy.

  • Monthly Payment: $825.53
  • Amount Borrowed: $82,076.00
  • Interest Rate: 3.9%
  • Term: 10 years
  • Number of Monthly Payments: 120
  • Total Interest Cost: $16,987.54
  • Total of All Payments of 10 years: $99,063.54

Loan Affordability & Salary

Can I afford to attend Faulkner University? To keep student loan payments affordable, it is recommended not to borrow more than you can pay back using 10% of your monthly income. When planning how to afford Faulkner University, you need to carefully consider if it will be realistic to make the post graduation loan payments based on your expected salary.

Using these parameters, a salary of $99,063.54 is recommended to afford a $825.53 monthly payment in the example loan modeled above. This assumes a loan payback over 10 years. You can change the terms of this example loan using the student loan calculator below.

Estimated Future Cost and Expected Tuition Increase

What will it cost to send your child to Faulkner University in the future? In the past five years, this school's published in-state tuition and fee total rose from $11,540 to $15,880. This amounts to an average annual price increase of 7.5%. Nationally, university tuition prices are rising around 5% per year. Looking out five, ten, fifteen or eighteen years, these are CollegeCalc's estimates how much you can expect to pay for a 4 year degree at this school assuming tuition increases along at the national average rate. Estimated future prices are based on the current 4 year cost of $103,320.00. Use our college savings plan calculator below to perform a more comprehensive analysis on future costs and how much you will need to save for Faulkner University.

  • Estimated Cost in 5 years for students enrolling in 2019 - Annual: $35,522, 4 Year Degree: $142,089
  • Estimated Cost in 10 years for students enrolling in 2024 - Annual: $45,336, 4 Year Degree: $181,346
  • Estimated Cost in 15 years for students enrolling in 2029 - Annual: $57,862, 4 Year Degree: $231,448
  • Estimated Cost in 18 years for students enrolling in 2032 - Annual: $66,983, 4 Year Degree: $267,930

Cost Per Credit Hour and Cost Per Class

Some schools offer the ability to take single classes by paying on a per credit hour basis. The reported price per credit hour and estimated cost for one class at Faulkner University are as follows.

  • Price per credit hour: $500
  • Cost for one class (3 credit hours): $1,500
  • Cost for one class (4 credit hours): $2,000

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Tuition History

What was tuition at Faulkner University for the past five, ten, fifteen or twenty years? Looking at historical tuition increase rates may provide an indication as to expected increases in the future. Historical tuition and fees for all available data years back to 1987 follows.

  • 2010 - $13,690 Tuition and Fees. 7.8% Annual Increase
  • 2009 - $12,700 Tuition and Fees. 5.8% Annual Increase
  • 2008 - $12,000 Tuition and Fees. 4% Annual Increase
  • 2007 - $11,540 Tuition and Fees. 10.4% Annual Increase
  • 2006 - $10,450 Tuition and Fees. 6.1% Annual Increase
  • 2005 - $9,850 Tuition and Fees. 1% Annual Increase
  • 2004 - $9,750 Tuition and Fees. 4.8% Annual Increase
  • 2003 - $9,300 Tuition and Fees. 6.9% Annual Increase
  • 2002 - $8,700 Tuition and Fees. 11.5% Annual Increase
  • 2001 - $7,800 Tuition and Fees. 13.5% Annual Increase
  • 2000 - $6,873 Tuition and Fees. 15.9% Annual Increase
  • 1999 - $5,930 Tuition and Fees. -15% Annual Increase
  • 1998 - $6,980 Tuition and Fees. 5.8% Annual Increase
  • 1997 - $6,600 Tuition and Fees. 9.5% Annual Increase
  • 1996 - $6,030 Tuition and Fees. 8.6% Annual Increase
  • 1995 - $5,550 Tuition and Fees. 2.8% Annual Increase
  • 1994 - $5,400 Tuition and Fees. 5.9% Annual Increase
  • 1993 - $5,100 Tuition and Fees. 2.4% Annual Increase
  • 1992 - $4,980 Tuition and Fees. 14.9% Annual Increase
  • 1991 - $4,335 Tuition and Fees. 9.9% Annual Increase
  • 1988 - $1,680 Tuition and Fees. 5.7% Annual Increase
  • 1987 - $1,590 Tuition and Fees.

Cost for Popular Majors

Below are the most popular undergraduate areas of study at Faulkner University ranked by degrees conferred during the 2010/2011 academic year along with their estimated total program cost. Please consult the school's website for further information as actual costs for specific program may vary. Price estimates assume graduation in normal time. Our methodology for estimating these costs is a two or four year multiple of the current one year tuition and living cost of $25,830. Associates degrees are assumed to be completed in two years and bachelors degrees are assumed to take four years.

Area of Study Graduates Estimated Degree + Living Expense Cost
Human Resources Management/Personnel Administration, General Bachelor's Degree 136 $103,320
4 year cost
Business Administration and Management, General Associate's Degree 16 $51,660
2 year cost
Psychology, General Bachelor's Degree 11 $103,320
4 year cost
Elementary Education and Teaching Bachelor's Degree 8 $103,320
4 year cost
Sport and Fitness Administration/Management Bachelor's Degree 6 $103,320
4 year cost
Physical Education Teaching and Coaching Bachelor's Degree 4 $103,320
4 year cost
English Language and Literature, General Bachelor's Degree 4 $103,320
4 year cost
Biology/Biological Sciences, General Bachelor's Degree 4 $103,320
4 year cost
Bible/Biblical Studies Bachelor's Degree 4 $103,320
4 year cost
Drama and Dramatics/Theatre Arts, General Bachelor's Degree 4 $103,320
4 year cost
Marriage and Family Therapy/Counseling Bachelor's Degree 4 $103,320
4 year cost
Business/Commerce, General Bachelor's Degree 3 $103,320
4 year cost
History, General Bachelor's Degree 3 $103,320
4 year cost
Informatics Bachelor's Degree 3 $103,320
4 year cost
Social Science Teacher Education Bachelor's Degree 2 $103,320
4 year cost
Biology Teacher Education Bachelor's Degree 2 $103,320
4 year cost
Legal Professions and Studies, Other Associate's Degree 2 $51,660
2 year cost
Liberal Arts and Sciences/Liberal Studies Associate's Degree 2 $51,660
2 year cost
Criminal Justice/Safety Studies Associate's Degree 2 $51,660
2 year cost
Pre-Physical Therapy Studies Bachelor's Degree 2 $103,320
4 year cost
Accounting Bachelor's Degree 1 $103,320
4 year cost
Computer and Information Sciences, General Associate's Degree 1 $51,660
2 year cost
Computer Science Bachelor's Degree 1 $103,320
4 year cost
English/Language Arts Teacher Education Bachelor's Degree 1 $103,320
4 year cost
Mathematics Teacher Education Bachelor's Degree 1 $103,320
4 year cost
Social Sciences, General Bachelor's Degree 1 $103,320
4 year cost
Sociology Bachelor's Degree 1 $103,320
4 year cost
Music, General Bachelor's Degree 1 $103,320
4 year cost
Pre-Dentistry Studies Bachelor's Degree 1 $103,320
4 year cost

About Faulkner University

Faulkner University is a four year private college located in Montgomery, Alabama.  The school is affiliated with the Churches of Christ faith.  Full time enrollment is 2,539 and part time is 1,035.  For the 2011/2012 school year, the school received 1,215 applicants. 705 were admitted and 323 enrolled.

Students attending this school may pursue both undergraduate and graduate degrees.

Learn more about Faulkner University at CollegeSimply.

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Calculators

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Student Loan Calculator

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