Payback
EarningsPlus
Economic score
Albion College is a private liberal arts college located in Albion, Michigan. Albion College is moderately inclusive in their admissions.
Return on educational investment at Albion College is in the top 25% of all ranked schools. The median student earns $54,792 10 years after enrolling, 10th in Michigan, and in the top 50% nationally. When adjusted for earning differences by major, Albion College bachelor students earn 7% less than the national average. Albion College is ranked 8th in Michigan.
Albion College’s median net annual cost of $16,862 and average years to graduate of 4.3 are reported only at the school level. We assume these same costs and graduation time for all programs.
The top 6 programs at Albion College sorted by number of graduates - Biology, Economics, Comms & Media Studies, Health & Fitness, Accounting, Education (subject specific) - are shown below. To see more programs, click on "see additional programs".
Annual net cost
$16,862
Average years to graduate
4.3
Finance
Rank: -
When a school's graduation rate falls in the bottom 25% in the country, we do not display an economic ranking.
Economic score: 3.68
The average full-time graduate completes their degree in 4.3 years. 71% of all students graduate within 8 years. The graduation rate at Albion College is 10% higher than the state average, and 2% above the average for all liberal arts colleges in the country.
At Albion College, Pell Grant recipients represent 46% of the measured graduating class, 11% higher than the national average of 35%. The average Pell Grant recipient at Albion College graduates within 4.4 years.
Albion College is in the top 10% of schools for graduating Pell recipients.
We calculate this performance by adjusting the graduation rate of Pell students by their percentage of the student body. This adjustment is made to prevent schools with large numbers of Pell students from underperforming in comparison to schools with few Pell students but high graduation rates.
Albion College’s economic mobility score of 39.09 is calculated by adjusting the 1.5 economic score of lower-income students by the 46% pell grant recipients within the student body. Albion College’s EMS of 39.09 ranks in the top 5% nationally.false
Economic Mobility
To calculate economic mobility of low-income (household earnings below $30,000) students, we adjust each institution’s economic score by their percentage of Pell Grant students. The logic of this Pell-adjusted calculation is derived from Third Way’s Economic Mobility Index (EMI).
Top 5%
The average Title IV recipient at Albion College pays $16,862 a year, $47,793 less than the $64,655 advertised. See below the cost breakdown for students who receive Title IV grants, broken down by income level.
Average net price
The average net price shown by income level for all students that receive Title IV aid. Calculated by deducting the average grant and scholarship aid from tuition, fees, books, and room and board. Limited to first-time, full-time students. Public institution figures are calculated using in-state tuition figures.
Median net price $16,862
Much of the gap between net price and sticker price is filled by institutional and government grants. At Albion College, 100% of students receive some grants and scholarships, compared to the national average of 87% for all colleges and universities. The average amount of federal, state, and institutional grants that students receive is shown on the right.
This leaves a total of $16,862 on average to be covered by the student – be it through loans or out of pocket. In total, 67% of students take out loans, federal or private, at an average amount of $6,327. This is 13% more than the national average.
Federal grants
$5,305
Pell grants
$4,972
State grants
$2,623
Institutional grants
$40,273
Albion College's moderately inclusive admissions are indicated by their 69% acceptance rate. In 2021, the school had 6,591 applicants, of which 4,566 were admitted and 468 enrolled. Albion College has a rolling admissions policy, which means applications are reviewed as they arrive until all spaces are filled.
Full time
100%
83%
Female
50%
59%
First time
90%
59%
In-state
73%
68%
1st generation
28%
35%
White
55%
52%
Black
18%
14%
Hispanic
14%
15%
Asian
2%
5%
American Indian
N/A
1.6%
Pacific Islander
N/A
0.3%
Other
12%
12%