Alexander Academy
For-profit College in Lunenburg, MA.
- ✓ 3-year loan default 0.0% — below national benchmark
Academics
No six-year graduation rate is reported for this institution, which is common for schools whose students are mostly part-time, transfer in, or enroll in short programs that the federal cohort measure does not track. Its absence is not itself a bad sign, but it does remove the clearest completion signal. 46% first-year retention is low enough to be the defining risk of enrolling here. A 7:1 ratio points to small classes and accessible faculty. This is a for-profit short-program school. That is not disqualifying, but it does mean verifying accreditation, transferability of credits, and job-placement claims directly rather than trusting the category. At 53 undergraduates, expect a small, closely-held student body.
Financial Aid
IPEDS Student Financial Aid · 2023-24 · grant and loan rates against 53 degree- or certificate-seeking undergraduates
Average net price — what students actually pay after grant aid — is $32,061 a year, at the high end of undergraduate cost. The gap between the $0–30k and $48–75k bands is narrow ($32,061 versus $32,062), meaning aid is not strongly need-weighted. Grant aid is widespread — 91% of students receive it, averaging $3,253. Borrowing is widespread: 91% take federal loans.
Entering first-year students
A different, smaller group than the rates above: full-time students in their first year of college anywhere. The grant series here also excludes the "other sources" counted in the all-undergraduate figure, so the two are not comparable.
IPEDS Student Financial Aid · 2023-24 · 30 students
Net price by family income
The same students as the headline above, limited to those who received Title IV federal aid — a narrower group, with a lower overall average. IPEDS publishes no combined figure across these bands, so they should not be averaged into one.
| Family income band | Average net price |
|---|---|
| $0–30k | $32,061 |
| $30–48k | $32,061 |
| $48–75k | $32,062 |
| $75–110k | — |
| $110k+ | — |
IPEDS Student Financial Aid · 2023-24
Federal student loans went to 48 of these 53 students, totalling $154,772 — an average of $3,224 each.
IPEDS Student Financial Aid · 2023-24
Local housing costs
Typical rents near campus (Worcester County) — budget these against any cost-of-attendance housing estimate.
HUD Fair Market Rents (40th-percentile gross rent incl. utilities) · FY2026