Unveiling the Cost of Education at Clark University
Embarking on higher education is an investment in your future, and understanding the financial implications is crucial. This comprehensive guide provides an in-depth analysis of Clark University’s tuition, fees, and financial aid offerings, empowering you to make informed decisions about your academic journey.
A Breakdown of Clark University’s Tuition and Fees
| Academic Year | Undergraduate Tuition | Graduate Tuition |
|---|---|---|
| 2022-2023 | $61,350 | $46,080 – $62,480 |
| 2023-2024 | $63,750 (estimated) | $47,935 – $64,440 (estimated) |
Additional Fees:
- Student activity fee: $900 per year
- Health insurance (optional): $2,098 – $2,559 per year
- Technology fee: $1,240 per year
Understanding Financial Aid Options
Scholarships:
Clark University offers a range of merit-based scholarships, including:
- Presidential Scholarship: Full tuition ($63,750), room, and board
- Honors Scholarship: Up to $30,000 per year
- Dean’s Scholarship: Up to $20,000 per year
Grants:
- Federal Pell Grant: Up to $6,895 per year for students with exceptional financial need
- Federal Supplemental Educational Opportunity Grant (SEOG): Up to $4,000 per year for students with exceptional financial need
- MA Educational Finance Authority (MEFA) Grant: Up to $5,000 per year for Massachusetts residents with financial need
Loans:
- Federal Direct Subsidized Loan: Up to $12,500 per year for undergraduate students with demonstrated financial need
- Federal Direct Unsubsidized Loan: Up to $20,500 per year for undergraduate students and $40,500 per year for graduate students
- Federal Direct PLUS Loan: Up to the full cost of attendance for parents of undergraduate students and graduate students
Determining Your Financial Need
Clark University uses the Free Application for Federal Student Aid (FAFSA) to determine financial aid eligibility. The FAFSA form gathers information about your family’s income, assets, and other factors to calculate your Expected Family Contribution (EFC). Your EFC is then subtracted from the cost of attendance to determine your financial need.
Applying for Financial Aid
To apply for financial aid, follow these steps:
- Complete the FAFSA form at studentaid.gov.
- Submit the FAFSA form to Clark University (school code: 002166).
- Clark University will review your application and send you a financial aid award letter.
Ensuring Accessibility and Affordability
Clark University is committed to making a Clark education accessible and affordable to all qualified students. Financial aid plays a vital role in achieving this goal. In the 2022-2023 academic year, over 90% of Clark University students received some form of financial aid.
Average Financial Aid Award:
| Academic Year | Undergraduate Award | Graduate Award |
|---|---|---|
| 2022-2023 | $38,840 | $28,501 |
Additional Resources for Financial Planning
- Clark University Financial Aid Office: 508-793-7452 or [email protected]
- FAFSA website: studentaid.gov
- Massachusetts Educational Financing Authority (MEFA): mefa.org
Conclusion
Understanding the cost of education at Clark University is essential for planning your financial future. This comprehensive guide provides you with the necessary information to navigate the complexities of tuition, fees, and financial aid options. With a strong commitment to accessibility and affordability, Clark University strives to make a transformative education a reality for all students.