Rare zero percent undergrad tuition increase and 100 percent meet-need policy makes a quality Sage education affordable for all students

April 5, 2010 at 12:00 pm

Albany & Troy, NY - The Sage Colleges are tackling the myth of unaffordability head-on. While the widely-held assumption is that a private education costs more than a state school, Sage shows how the actual bottom-line cost of a Sage education is less than a SUNY education for most of its students.

Sage - which includes Russell Sage College for women in Troy and the coeducational Sage College of Albany - is committed to making a quality private education affordable in this economic climate. The bold decision not to raise undergraduate tuition this year and the promise to incoming undergraduates not to raise their tuition for four years are strong statements that Sage wants to weather this economic downturn together with its students and families.

Sage also has a unique approach to financial aid packaging, meeting 100 percent of students financial need. Need is defined as the difference between the Estimated Family Contribution (EFC) and the Cost of Attendance (COA), which includes tuition, room and board costs, and education-related expenses such as books, travel, and administrative fees. So students only pay what they can afford.

Financial aid packages may include a combination of federal money (Pell Grant) state aid (New York States Tuition Assistance Program, or TAP), federally-subsidized Perkins and Stafford loans, federal work-study earnings, and grants offered by the college, as well as an merit-based scholarships the student may qualify for.

Students and families can learn all about the ins and outs of cost, aid, and affording a Sage education with a personal, one-on-one consultation through the Sage Sense program.

For more details, go to www.sage.edu/affordable