What Does It Cost to Attend Emory University?
There are a lot of reasons why Emory University is enticing to prospective students. One of the nation’s 50 oldest private universities, Emory has a deep and rich history of educational excellence which continues today. U.S. News ranks Emory as the 21st Best National University—a calculation made using 16 academics metrics—placing in front of esteemed institutions like Georgetown University, the University of California Berkeley, and Carnegie Mellon.
Demanding academics, outstanding professors, and world-class facilities are just a few of the things that stand out to students when looking at Emory University. Another eye-popping thing about Emory is the price. Before sticker shock sets in, know that the majority of Emory students do not pay full price for college. Those who do pay list price for Emory are from well-to-do families with annual incomes greater than $175,000 who were not in the top 30% academically of accepted students.
More valuable than having the list price of an institution when considering colleges and universities is knowing the net cost. Net cost takes into consideration any federal, state, and local government aid a student has received, along with institutional aid and merit scholarships—subtracting them from the published price of the institution to provide a number that accurately represents the true cost of college. Net cost informs a student what they can expect to pay out of pocket and through loans for school.
If Emory University is on your list of dream schools, don’t miss our blog The Ultimate Guide to Applying to Emory University!
What is the List Price at Emory University?
Even judged by the standards of private institutions, Emory University is expensive. In 2016-2017, the list price for both in- and out-of-state students for tuition, room, and board was $65,080. Keep in mind that most students will not pay the list price.
What is the Emory University Financial Aid Net Price?
Financial aid net price—the list price of a college or university minus any financial aid awarded via grants and scholarships—at Emory for both in- and out-of-state students is $55,915. That’s almost $10,000 less than Emory’s published price.
What is the Family Income-Based Cost of Attending Emory University?
Average net price at Emory University varies greatly depending on the income level of a student’s family. Below are the average costs paid by Emory students based on family salary:
|Average Net Price
The average net price of Emory for students who don’t qualify for financial aid is $63,471, which is very close to the university’s list price.
How Much Merit Aid Do Emory Students Receive?
Merit aid is awarded for achievements both in and out of the classroom—for example, academics, athletics, and arts—and is not dependent on financial need. Only 6.9% of Emory University students without financial need receive merit aid. The average amount of merit aid awarded to students without need is $1,609.
How Many Emory University Students Take Out Loans?
Many college students take out loans to cover the cost of college. Students loans are common at Emory, with 84% of students taking out loans to cover tuition. The average federal student loans per undergraduate student are $3,042 across four years.
Student Outcomes at Emory University
Emory graduates 89% of its students within six years, meaning there is a good chance students will graduate on schedule and not incur the cost of extra time spent in school. An Emory degree is a strong investment, the average salary for an Emory graduate 10 years after graduation is $66,000—considerably more than Atlanta’s $40,595 per capita income.
Local Area Cost Considerations
Emory University is located in Atlanta, Georgia, which has a higher cost of living index—a general measurement of the overall expense of living in a particular location—than both the nation and the state of Georgia. According to Sperling’s Best Places, Atlanta’s cost of living index is 115.4, compared to the national average of 100 and Georgia’s 100.3.
Average Apartment Rental
Emory believes in the importance of residential life for fostering a sense of community and involvement in college life. All first- and second-year students are required to live on campus and roughly three-quarters of the undergraduate population lives on campus.
Upperclassmen who wish to live off campus will find one-bedroom apartments in Atlanta cost $1,086 a month on average. Larger two- and three-bedroom apartments typically rent for $1,243 and $1,604 a month respectively.
The minimum wage in Georgia is aligned with the federally mandated minimum wage; they’re both $7.25 an hour. Twenty-nine states have a higher minimum wage than the federal minimum wage, putting Georgia on the lower end of the pay scale.
Other Ways to Help Fund a College Education
Scholarships are one way Emory students offset the cost of college. The university offers a variety of awards, ranging from partial to full merit-based scholarships, as part of the Emory University Scholar Programs. One such scholarship, the Woodruff Scholarship, is awarded to students demonstrating high character and intellect, who provide leadership and enrich the lives of their peers at Emory. Another Emory Scholar Program that will interest students applying from Georgia is the Ely R. Callaway Jr. Scholarship, which is awarded to students who distinguished themselves by academic excellence, individual achievement, and service to their schools and communities during secondary-school.
Internships are another popular way for students to help fund their college tuition. Paid internships allow students to earn a wage while gaining valuable work experience in their chosen field. The Emory University Career Center is available to help students do everything from finding the right internship to creating a strategy for making the most of their experience.
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