Arizona State University Student Loans

Arizona State University Student BorrowersArizona State University is one of the nation’s leading institutions of higher learning. Widely recognized for their research capabilities and high rate of enrollment, the university boasts six impressive campuses. Attendance rates are climbing across the country with each passing year, and ASU is no exception. In 2012, 73,378 students were enrolled at the school.

One of the reasons for the high enrollment rate is the high acceptance rate — at 80 percent, per Forbes Magazine. More than half of all students who enroll graduate, and 56.8 percent of four-year-degree-seeking students graduate on time as planned, too, College Factual reports.

Finding Funding

Financial aid is a common concern amongst most would-be college students. With the cost of a degree living on an ever-rising slope, it stands to reason that the majority of individuals entering college will apply for aid, even if they may not receive it. FinAid notes that 21,945,597 people submitted a Free Application for Federal Student Aid for the 2011-2012 academic year.

College Board accounts for 38,735 students being in attendance as ASU undergraduates, going on to note that 84 percent were offered some form of financial aid. To be eligible, the school takes many things into account, including but not limited to:

The ASU Difference

Life as a student of ASU is both challenging and rewarding. With your pick of campuses, you’re sure to find one that suits both your wants and needs. When you’re not immersed in sociology lectures or chemistry labs, you might find time to explore all that life in Arizona has to offer. With five of the six campuses located in the major Phoenix area, you’re just a few hours’ drive from skiing the slopes in Flagstaff or hiking the trails in Tucson. Locally, Phoenix offers everything a budding college student could hope for, from expansive shopping centers to a wide array of nightlife establishments.

Of course, leaving campus isn’t necessary to have a good time. ASU offers its students a large selection of groups and school-affiliated organizations they can join to keep themselves busy outside of school hours. With a large pool of art students, ASU offers band, drama, dance, symphony orchestra, chorus, and theater opportunities. The typical fraternities and sororities you expect to find at a large-scale American university apply as well.

Other perks of the school include its dynamic offerings when it comes to sports. Students can pursue everything from basketball, football and golf to badminton, rowing, ice hockey, and water polo. Those interested in making the most of their evenings and weekends can even enroll in work-study programs run by the school in exchange for money put toward their tuition expenses.

Tuition and Fees

A typical year at ASU would cost an undergraduate around $10,156, per the College Board. These rates apply to in-state students who can prove Arizona residency. Those who enroll from other states will pay more for the same degree — a reported $24,502 per year.

Anyone who’s ever scanned the tuition page of a school’s website knows there are plenty of other fees that go into the final bill beyond the base tuition, and they can really add up. The application process alone isn’t free of charge at Arizona State, but by all means worth the $50. Cappex reports that college textbooks can run students an average of $1,020 per year. Other fees include personal and transportation expenses that may vary from one student to the next.

Outside of School

Whether on or off campus, housing is another large part of the expense that is college life. There are perks to living on campus.  One advantage is the lack of a commute. Without the need to drive to school, students may be able to give up a vehicle entirely, or at best, cut down on how often they use it, thereby decreasing their overall auto-related expenses like gas and wear and tear on a car.

Of course, where you live while you’re attending school can often be the deciding factor in whether you save or lose money while pursuing your degree. Those who have the luxury of continuing to live at home with their parents will benefit the most, obviously. Usually, living off campus will actually save you more money than living on campus. Often, you can split the cost of a nearby rental within walking distance with other students.

Cost-sharing on rent and utilities usually comes out to a lot less out of your pocket each month. Additionally, having a full kitchen in your home enables you to buy groceries and cook from home with more ease than you would be able to in a small dormitory room, which often means less eating out. Even students who opt for on-campus dining plans often end up eating out quite a bit. Living on campus does, however, give students – particularly first-year students – the more quintessential college experience.

The ASU Student Loan Application

Applying for funding through Arizona State University is no more difficult than any other school in the nation. This process is simplified by the fact that all loans are federal or from private lenders. The first step in the borrowing process is applying via the FAFSA, which you can do as early as the 1st of the year. The results of your FAFSA will be delivered to ASU and then relayed to you. If you’re eligible for a Pell Grant or other funding that won’t require repayment, such as a scholarship, that will all be deducted from your tuition balance prior to billing you.

SimpleTuition is your go-to resource when comparing schools and student loan options. Spend some time browsing our tuition estimator tools and compare the costs of attendance in different scenarios, such as living on and off campus. With the right information, you can make the best decisions for yourself moving forward.

Pay for Arizona State University*

Total Avg. Cost $34,388
Tuition $18,582
Room & Board $9,210
Financial Aid Information
Students Receiving Fin Aid 79%
Typical Grant Amounts
State/Local $1,540
Federal $4,029
%Receiving Loans 31%
Avg. Other Stud. Loans $12,874
%Receiving Other Loans 3%

Get into Arizona State University

Admission Rate 91%
Total Enrollment 37,376
Men 48%
Women 52%
Graduation Rate 56%
Application Fee $50

Contact Arizona State University

Address
University Drive and Mill Avenue
Tempe, AZ 85287(480) 965-9011
Financial Aid Office URL
https://students.asu.edu/financialaid
Admissions Office URL
https://students.asu.edu/admission

*Data source is the Integrated Postsecondary Education Data System (IPEDS) the data collection program for the National Center for Education Statistics

 

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