Saturday, September 28, 2019
What Does It Cost to Attend Bentley University?
Bentley University, a private nonprofit institution, is known for providing students with relevant, practical, and transferable skills through their educational blend of business, technology, and liberal arts. This mix has made Bentley one of the nationÃ¢â¬â¢s best business schools, and their alumni are highly sought after by todayÃ¢â¬â¢s leading organizations for their professionalism, acumen, and real-world experience. Another thing that Bentley is known for is its price tag. If Bentley University is on your studentÃ¢â¬â¢s list of dream schools, donÃ¢â¬â¢t let the lofty list price dissuade you from applying; most students do not pay the published price of college. Keep reading to learn more about how to calculate the real cost of college. The expense of an education at an institution like Bentley University fluctuates based on a variety of elements that are unique to each studentÃ¢â¬âwhich makes list price a handy baseline, but a bad predictor of the actual out-of-pocket cost of college. Net price, which is the list price minus any government or institutional aid and merit scholarships, is a better metric for judging what college will really cost. Private colleges and universities typically come with a high price tag and Bentley is no exception. The list priceÃ¢â¬âtuition, room, and board combinedÃ¢â¬âfor Bentley University is $63,350 for both in- and out-of-state students. However, as previously mentioned, most students will not pay the published price. Students who pay full price at Bentley are generally from affluent families with incomes surpassing $175,000 a year who fall outside of the top third academically of accepted students. Financial aid net price is calculated by deducting any aid rewarded from grants and scholarships from an institutionÃ¢â¬â¢s list price. The financial aid net price of Bentley is $55,840. The income level of a studentÃ¢â¬â¢s family plays a significant role in determining the cost of collegeÃ¢â¬âstudents from lower-income families can anticipate paying less for Bentley than a student with more financial means. Below is a breakdown of net cost at Bentley according to family income: Compared to other colleges and universities, Bentley is on the low end of merit aid awarded. In a poll of over 1,000 schools analyzed by for merit aid generosity, Bentley ranked 802nd. Merit aid is financial aid given without consideration for the financial need of a student, awarded instead for academic skill or achievements outside the classroom such as athletic, arts, or leadership. 37.3% of Bentley students without financial need receive merit aid, with the average amount awarded coming in at $672. Both in- and out-of-state Bentley students who donÃ¢â¬â¢t qualify for financial aid will pay an average net price of $62,678Ã¢â¬âjust slightly below the universityÃ¢â¬â¢s list price. Estimating your chance of getting into a college is not easy in todayÃ¢â¬â¢s competitive environment. Thankfully, with our state-of-the-art software and data, we can analyze your academic and extracurricular profile and estimate your chances. Our profile analysis tool can also help you identify the improvement you need to make to enter your dream school. Many college students employ loans to pay for a percentage of their education. 61% of Bentley student take out student loans with $4,706 being the average federal student loan across four years. Keep in mind that some students may take out private loans as well. Student outcomes should be on the mind of anyone applying to collegeÃ¢â¬âthey offer insight into expected graduation and future earnings. 88% of Bentley students graduate within six years of enrolling, meaning prospective students can feel good about their odds of graduating on time. Bentley students will also feel good about their investment in their education when entering the workforce, as the average salary for a Bentley student 10 years after graduation is $86,900. For comparison, the average income of a Waltham, Massachusetts, (home of Bentley University) resident is $35,642 a year and the average household income of a Waltham resident is $73,162 . Located on the outskirts of BostonÃ¢â¬âitÃ¢â¬â¢s just 15 miles awayÃ¢â¬âWaltham is an expensive place to go to school. The cost of living index (a number used to give a general idea of the expense of living in a location) of Waltham is 171.1 according to SperlingÃ¢â¬â¢s Best Places . To put it in context, the cost of living index of the average U.S. city is 100 and the cost of living index in the Commonwealth of Massachusetts is 139. 78% of Bentley students choose to live on campus. Those who choose to live off campus will find accommodations on the expensive sideÃ¢â¬âhousing is more than 200% more expensive in Waltham than the national average which the primary driver of the high cost of living in Waltham. The average rent for a one-bedroom apartment in Waltham is $1,737. Two- and three- bedroom apartments, on average, command $2,117 and $2,653 respectively. Students can browse listings and get assistance finding off-campus housing through the Bentley University Off-Campus Housing Service . Students who want to work while attending Bentley will be happy to learn that Massachusetts has one of the nationÃ¢â¬â¢s highest minimum wages at $12 an hour. This makes Massachusetts one of 29 states with a minimum wage greater than the federally mandated $7.25 an hour. Work-study is a favored way for college students to earn extra money while pursuing their studies and Bentley supports the Federal-Work Study Program while also institutionally funding on-campus positions for students who donÃ¢â¬â¢t qualify for the federal work-study program. BentleyÃ¢â¬â¢s Student Employment Office can advise students with any questions or concerns about employment, including advising students about off-campus jobs. Bentley considers academic scholarships for all its first-year fall semester students. There is no application process and eligible students are notified of their eligibility upon admission. For students willing to put in the effort, a wide spectrum of private scholarships are also available. Our blog Getting a Head Start on Your Scholarship Search is a great jumping off point. One scholarship youÃ¢â¬â¢ll read about in Getting a Head Start on Your Scholarship Search is the National Merit Scholarship, which benefits approximately 15,000 students each year. Interested in learning more about the National Merit Scholarship and seeing if you qualify? If so, read our blog H ow to Qualify for the National Merit Scholarship Program . If Bentley University is on your list of dream schools but youÃ¢â¬â¢re struggling to calculate the costÃ¢â¬âor simply want support through the application processÃ¢â¬âour College Application Program is just for you. Our advisors can guide you through the application process while our Finance Tool allows college-bound students to gain a better understanding of the expense of their education and what that expense means for their long-term financial health. Contact today to learn more about how our Applications Program can benefit you. Ã