Tuition and Cost to Attend College of the Albemarle

Annual Total Cost

The total list price for in-state North Carolina residents to go to College of the Albemarle is $12,060 for the 2013/2014 academic year. Out-of-state students who don't possess North Carolina residence can expect a one year cost of $17,512. Students residing at home with parents providing food and housing can expect a total cost of $3,053.

Undergraduate Tuition

College of the Albemarle tuition is $1,910 per year for in-state residents. This is 40% cheaper than the national average public two year tuition of $3,176. The cost is $1,361 and 42% cheaper than the average North Carolina tuition of $3,271 for 2 year colleges. Tuition ranks 10th in North Carolina amongst 2 year colleges for affordability and is the 57th most expensive 2 year college in the state. If attending from out-of-state, the tuition is $7,362 which represents a 285% premium.

The school charges an additional fees of $127 in addition to tuition bringing the total effective in-state tuition to $2,037.

Housing Costs

College of the Albemarle doesn't offer on campus housing. If you're not living with family you will need to budget for food and housing in the Elizabeth City area just like you would for a college with dorms. The estimated rent and meal expense per academic year for off campus housing is $9,007.

Books and Supplies

The estimated annual cost for books and supplies is $1,016.

Costs and Tuition for College of the Albemarle
Expenditure Price
North Carolina Resident Total Cost (Off Campus Housing)$12,060
   In-State Tuition$1,910
   Other Fees$127
   Off-Campus Housing Estimate$9,007
   Books and Supplies$1,016
North Carolina Resident Total Cost (Living with Parents)$3,053
   In-State Tuition$1,910
   Other Fees$127
   Family Provided Room and Board$0
   Books and Supplies$1,016

All price data are reprinted from the U.S. Department of Education's 2013-2014 and 2012-2013 IPEDS Survey and represent reported costs for the 2013-2014 and 2012-2013 academic years.

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What it Really Costs

Depending on many factors including student and parent income and assets, the total cost of attendance may be less than the $12,060 published price if scholarship or grant aid is made available to you.

Net Price

The net out-of-pocket total cost you end up paying or financing though student loans is known as the net price. The reported College of the Albemarle net price for in-state students receiving aid was $6,316* for the 2010/2011 academic year. This net price includes housing and meal expenses.

Pell Grants and other Grant Aid

38% of College of the Albemarle students received grant aid in 2010/2011. The average total aid amount was $4,874. 35 percent of students received aid in the form of Pell Grants from the U.S. Federal Government. The average Pell Grant awarded for 2010/2011 was $5,225. To apply for a Pell Grant to attend College of the Albemarle, the first step is to fill out the Free Application for Federal Student Aid (FAFSA).

Net Price and Financial Aid for College of the Albemarle
Financial Aid Summary
Average Annual Net Price$6,316*
Percent of Students Receiving Grant Aid38%
Average Total Grant Aid$4,874
Percent of Students Receiving Pell Grants35%
Average Amount of Pell Grant Aid$5,225

Average Net Price for In-State Students by Family Income

The average net total cost of attendance for different levels of family income after federal, state or local government, institutional grant and scholarship aid are awarded. Data last reported for the 2011-2012 academic year.

Family Income Avg. Net Price
$0 to $30,000$5,570
$30,001 to $48,000$6,384
$48,001 to $75,000$6,765
$75,001 to $110,000$9,676
$110,000+n/a

Average Financial Aid Mix - $12,060 In-State Total Cost

CollegeCalc has estimated typical coverage of the annual in-state tuition and living expenses of $12,060. Breakdown is based on average grant aid and federal loan aid which will vary based on your family income.

40%
0%
60%

Grants and Scholarships

 40% - $4,874

Money granted to you by the U.S. Department of Education, College of the Albemarle or other organizations. These are not loans and do not need to be repaid.

Federal Loans

 0% - $0

Low interest student loans funded by the U.S. Department of Education. This amount will need to be repaid.

Out of Pocket

 60% -  $7,186

Covered by family savings, work or private student loans which you will have to repay.

*Reported Average Annual Net Price for in state 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.


Tuition Comparison to Academically Similar Schools in the Region

School Cost vs. College of the Albemarle
Tidewater Community College55.2% more expensive
Roanoke Chowan Community College19.8% more expensive
Paul D Camp Community College92.4% more expensive
Thomas Nelson Community College94% more expensive
Martin Community College12.3% more expensive

Cost of a Degree

Being a school offering two year programs, prospective students should consider the multi year outlay when budgeting the cost for two years at College of the Albemarle.

Estimated 2 Year Cost at Published Tuition

At the current published rates, an estimated total tuition, fees and living expense price for a 2 year associate degree at College of the Albemarle is $24,120 for students graduating in normal time. This methodology for estimating the 2 year cost is a straight multiple of the most recent reported annual total cost and does not factor in tuition increases during the time you're in school. It also assumes you receive no grant or scholarship aid and pay the full list price.

A potentially more accurate but less conservative estimate of a degree cost can be made by using the school's annual $6,316 in-state net price as the basis. Applying this cost over 2 would estimate the cost of a degree at $12,632**

**Based on a 2 year multiple of Average Annual Net Price for in state 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.

Other Costs

Estimated Cost Per Semester

Most colleges don't charge students on an annual basis but instead require payment semester by semester. If you ever need to take an additional semester of classes to complete you degree you shouldn't have to pay for a full academic year. These our estimated costs for a semester at College of the Albemarle.

North Carolina Resident Tuition Per Semester$955
North Carolina Resident Total Cost Per Semester$6,030
Non-North Carolina Resident Tuition Per Semester$3,681
Non-North Carolina Resident Total Cost Per Semester$8,756

Cost Per Credit Hour and Cost for a 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 College of the Albemarle are as follows. Per credit costs are for reference only as many schools will not allow students to pay by credit hour.

Cost per credit hour and per class at College of the Albemarle
Price per credit hour for North Carolina residents$67
Cost for one class for North Carolina residents (3 credit hours)$201
Price per credit hour for out of state residents$259
Cost for one class for out of state residents (3 credit hours)$777
Cost for one class for out of state residents (4 credit hours)$1,036



Student Loans and Debt

The second consideration after understanding the cost of college is determining how to finance it. Some students are fortunate enough to have some form of family financial assistance, but student loans end up financing a significant portion of higher education in the U.S. 0% of College of the Albemarle students receive U.S. Federal Student Loans with an average annual Federal Loan aid amount of $0.

Example Loan Payments and Costs

How much are student loan payments for College of the Albemarle? Obviously this varies based on a number of factors - offsetting financial aid you receive, percentage of fee you pay upfront while enrolled and the interest rate on your loans. We've modeled a sample student loan based on current Stafford loan rates to give you an approximate idea.

The following are the costs for a loan if you borrowed $12,632, 100% of the estimated average net price for a two year program and paid nothing while enrolled. The total of all payments including interest would sum $15,827.10. This could be your effective total out of pocket cost of an education at College of the Albemarle. Note that this calculation assumes you don't pay full list price tuition, are part of the reported 38% of students at this school who receive financial aid and you are paying an average annual net price of $6,316. If you do not financially qualify for a reduced net price, your student loan payments could be significantly higher than this example. Use our College of the Albemarle 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.

College of the Albemarle Student Loan Payments
Example Payments
Monthly Loan Payment$131.89
Amount Borrowed$12,632.00
Interest Rate4.7%
Term10 years
Number of Monthly Payments120
Total Interest Cost$3,195.10
Sum of All Payments over 10 years$15,827.10

Affording Student Loan Payments and Post Graduation Salary

Can I afford to attend College of the Albemarle? In the end, the answer comes down a determination if you will earn enough to comfortably pay back a student loan with your post graduation salary. This is an extremely important point to consider. 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 College of the Albemarle, you need to carefully consider if it will be realistic to make the post graduation loan payments based on your expected salary.

Using the 10% of salary threshold, an annual income of $15,827.10 would be needed to afford a $131.89 monthly payment in the example $12,632.00 loan modeled above. You will need to determine if it is at all realistic that you will be earning this type of salary after graduation. 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 College of the Albemarle in the future? In the past five years, this school's published in-state tuition and fee total rose from $1,334 to $2,229. This amounts to an average annual price increase of 13.4%. 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 could expect to pay for a 2 year degree assuming tuition increases at the national average rate. Estimated future prices are based on the current in-state 2 year cost of $24,120.00. Use the college savings plan calculator below to perform a more comprehensive analysis on future costs and how much you will need to save for College of the Albemarle.

Annual2 Year Degree
Estimated Cost in 5 years for students enrolling in 2019$15,777$31,554
Estimated Cost in 10 years for students enrolling in 2024$20,136$40,271
Estimated Cost in 15 years for students enrolling in 2029 $25,699$51,397
Estimated Cost in 18 years for students enrolling in 2032 $29,749$59,499

Tuition History

What was tuition at College of the Albemarle five, ten, fifteen or twenty years ago? Hop into our time machine and take a look. Pay attention to how aggressive the school has been with price increases the past as it provides indication as to how the school may raise tuition in the next few years if you enrolled. Historical tuition and fees for all available data years back to 1988 follows.

YearIn-StateOut-of-stateAnnual Increase
2010$1,690$7,812 19.5%
2009$1,414$7,536 0%
2008$1,414$7,536 6%
2007$1,334$7,094 0%
2006$1,334$7,094 3.7%
2005$1,286$6,822 6.6%
2004$1,206$6,374 6.3%
2003$1,134$6,142 10.1%
2002$1,030$5,582 39.9%
2001$736$4,526 -5.3%
2000$777$4,781 32.1%
1999$588$4,592 0%
1998$588$4,592 0.5%
1997$585$4,543 0%
1996$585$4,543 0%
1995$585$4,543 0%
1994$585$4,543 0%
1993$585$4,543 14%
1992$513$4,545 31.5%
1991$390$3,426 30.9%
1990$298$2,548 0%

Comparable Cost for Popular Majors

We've compared the out of state cost of the most popular undergraduate areas of study at College of the Albemarle to the national average for all other colleges offering the same major. Use this comparison to determine particular programs where this school offers value relative to other colleges.

Area of Study Graduates vs National Avg
Liberal Arts and Sciences/Liberal Studies Associate's Degree 121 13% cheaper
Liberal Arts and Sciences, General Studies and Humanities, Other Associate's Degree 41 17% cheaper
Registered Nursing/Registered Nurse Associate's Degree 31 6% cheaper
Early Childhood Education and Teaching Associate's Degree 18 0% cheaper
Business Administration and Management, General Associate's Degree 9 12% cheaper
Medical Office Management/Administration Associate's Degree 8 5% cheaper
Information Technology Associate's Degree 7 3% cheaper
Clinical/Medical Laboratory Technician Associate's Degree 7 1% costlier
Architectural Engineering Technology/Technician Associate's Degree 6 8% cheaper
General Studies Associate's Degree 5 10% cheaper
Information Science/Studies Associate's Degree 4 18% cheaper
Computer Programming/Programmer, General Associate's Degree 4 0% costlier
Marine Biology and Biological Oceanography Associate's Degree 3 3% cheaper
Computer Engineering Technology/Technician Associate's Degree 2 13% cheaper
Office Management and Supervision Associate's Degree 1 0% cheaper
Criminal Justice/Safety Studies Associate's Degree 1 3% cheaper

Calculators

Use the calculators below to formulate a college savings plan for College of the Albemarle or model a student loan.

College Savings Calculator

Plan and Save for College

Discover how much will you need to start saving now to afford College of the Albemarle in the future.

Student Loan Calculator

Estimate Loan Payments

Modify the loan assumptions to fit your financial situation and likely tuition price. Then calculate your payoff and loan payments for a College of the Albemarle student loan.

Prepayment Option

About College of the Albemarle

College of the Albemarle is a two year community college located in Elizabeth City, North Carolina.  Full time enrollment is 1,414 and part time is 1,509.  College of the Albemarle has an open admission policy meaning that any prospective student who has completed high school or attained a GED certificate may enroll in classes.

Only undergraduate degrees are offered at this school.

Address
College of the Albemarle
1208 N Road St
Elizabeth City, North Carolina
27906-2327

For Profit / Not For Profit Status

College of the Albemarle is a public not for profit institution. Public schools often represent the best value for your education dollar, especially when students qualify for in-state tuition.

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