Taylor University

In 2022, tuition for full-time students at Taylor University was $38,140 a year.

In 2023, tuition increased 2.59%–from $37,176 the prior year. On average, college tuition rises about 3% year.

Remember, the total cost of tuition isn't the final cost for attending college. Many students find the actual cost of college is a lot less than the sticker price after grants, scholarships, and tuition discounts are applied. Plus, student loans can make theactual cost of attending college feel more doable until you've finishing school and found a job.

Taylor University meets 83.8% of the demonstrated financial need for undergraduates. The average financial aid package for a full-time, first-year student at Taylor University is around $28,387 a year.

Students in the class of 2023 who had taken out student loans graduated with an average of $23,942 of debt.

In-state vs. Out-of-state Tuition at Taylor University

Taylor University is a private, religious institution, which means it has the same tuition for residents of Indiana as it does for residents from other states.

Public colleges and universities receive funding from the state government. Public insitutions often offer reduced tuition for students who are residents of that state.

Choosing a college where you qualify for in-state residency can cut the cost of college tuition. Take the time to check your state's criteria for as an in-state resident. Every state has its own rules about what makes someone eligible for in-state tuition. Most states require students to have resided in the state for a certain period of time before qualifying. There may be additional requirements as well, depending on the state you and your parents currently live in.

Explore other Indiana colleges

Do International Students Pay More to Go to Taylor University?

Tuition at Taylor University is the same for each student.

International students usually do not qualify for for loans or grants from the U.S. government, but should research private or school-specific grants, scholarships, and other funding opportunities.

International students without financial need may be eligible for merit-based institutional scholarships and athletic awards.

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Taylor University Housing Expenses, Fees, and More

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In addition to tuition, room and board, books, transportation and fees are also costs it consider when budgeting for college. Let's take a look at what impacts these costs, and what to expect at Taylor University.

House and Food Costs at Taylor University

Room and board at Taylor University costs $11,552 a year. This number covers the cost of living in dorms or other on-campus housing, and a dining plan that enables you to eat all or some of your meals the school dining facilities.

Meal-plan costs vary based on on the number of meals you intend to eat on-campus

Cost of Books at Taylor University

The cost of books often surprises first-year college students. The actual cost of books depends on the courses you take and the textbooks, computer programs, or other materials are required.. To save money, many students choose to use books from the library or buy used textbooks and materials.

Annual Fees

The majority of colleges also have fees to help cover the cost of facilties, like the library, gym and computer labs.

There may be other costs associated with participating in certain activities, like Greek Life, or playing on an intramural sports team. Many schools offer resources so that those with financial need to get help covering these costs.

Transportation costs

The cost of transportation in college depends on a few key factors. Will you take a subway, car or an airplane to get to school? Is on-campus parking free, or will you need to budget for parking? Is the campus easy to get around on foot? Do you plan to bring a car or will you need to use public transportation? All of these factors can drastically impact your transportation budget. At Taylor University, freshman are not allowed to park on campus.

A school's location can impact transportation costs. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the flip side, getting around in an urban area might be pricey, but cities may offer more trains, busses or affordable flights to actually get to school. The Taylor University campus is in a rural area in Indiana, not far from Indianapolis.

Other Costs

When estimating your budget for college, be sure to consider the cost of things like going out to eat or see shows, furnishing your living space, and things like haircuts, clothes and, yes, even toilet paper and shampoo.

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The Full Cost of Attending Taylor University

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Now, let’s go over all of the costs we've covered, to get a better estimate of the actual cost of attending Taylor University.

How Much Does Taylor University Cost?

What will the cost of attending Taylor University be? Here is a breakdown of tuition and expenses.

2023 Total Tuition and Expenses
Tuition	$38,140
Room and Board	$11,552
Other expenses	$2,400

The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.

Total Estimated Costs
On-Campus	$52,392
Off-Campus	$40,840

The breakdowns above provide a good estimate of the total cost of attendance before financial aid and scholarships. Tuition and fees may vary depending on program, course level, location, and more.

Taylor University’s tuition and fees change based on: •Course load for both full and part-time students

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Financial Aid at Taylor University

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In 2023, 1,017 of the 2,197 undergrads enrolled received financial aid. Taylor University meets 83.8% of the demonstrated financial need for undergraduates.

The average financial aid package for a full-time, first-year student is around $28,387 a year. Around 58% of Taylor University undergrads take out student loans to cover any remaining costs. Taylor University graduates who have student loans graduate with an average of $23,942 of student loan debt.

The average debt for each loan type varies.

Average Debt By Loan Type
Federal Loans	$18,755
Taylor University-Specific Loans	$1,511
Private Loans	$29,085

Most Common Loans for Taylor University Students
Federal Loans	57%
Institutional Loans	24%
Private loans	10%

Most students take out institutional or government loans, because they tend to have lower interest rates and more flexible repayment options than private loans. Loans from the federal government can be subsidized or unsubsidized. Subsidized loans do not accrue interest during school, while unsubsidized loans begin accruing interest at the time the loan is issued. If students do no qualify for enough federal loans to cover the cost of tuition, some take out private loans. Parents can also take out ParentPLUS loans, which are government loans for parents who are helping their children pay for college.

The Free Application for Federal Student Aid (FAFSA) helps colleges determine how much financial need students and their familes have, so they can offer a financial aid package that meets, or come close to meeting, their need. For more information on Taylor University financial aid, keep reading, or visit their financial aid website.

Scholarships at Taylor University

Some students may receive grants and scholarships to help pay for college. Unlike loans, scholarships and grants do not have to be paid back.

In 2023, Taylor University awarded 1,017 need-based scholarships to students, giving away total of $23.1 million to help students with financial need cover the cost of school. An additional $15.03 million in merit-based scholarship money was awarded to students without demonstrated financial need.

Taylor University Net Cost

The net price of college is the actual cost of attending a school for one year. Net cost is calculated by subtracting any scholarships, grants or other aid that does not need to be paid back from the total cost. Student loans are not part of the calculation, because they need to be repaid.

Now that we have a sense of the total estimated costs for Taylor University students, we can subtract the average financial aid package to find the estimated net cost. Net cost can vary depending on a students’ need and the financial aid award received.

When considering whether a school fits your budget, it is important to consider the estimated net cost, not just the sticker price of tuition. Often, schools with the highest tuition also offer the most generous aid packages, so estimate your net cost before eliminating a school because it does fit your budget.

The average amount of financial aid received by a full-time first year student with demonstrated need at Taylor University was $28,387 in 2023. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Taylor University seem more manageable.

Estimated Net Cost for Full-Time Students
On-Campus	$24,005
Off-Campus	$12,453

What will attending Taylor University really cost you? The answer depends on several factors.

As of 2011, colleges are required to have a net price calculator on their website to help prospective students and their families understand the actual cost of attending that school, based on their financial situation. You can find the Taylor University's net cost calculator on their website.

Taylor University Tuition Payment Plans

Some students choose to use payment plans to make the cost of tuition fit more comfortably in their budget.

Taylor University does not have guaranteed tuition.

Taylor University offers an Installment Payment Plan, which allows students to pay tuition in a series of smaller chunks instead of one lump sum.

Taylor University Tuition Waivers

Schools sometimes waiver tuition for certain groups, to offset the cost of attending. Some schools offer tuition waivers for employees and their family members, underrepresented students, or military students. Even with a tuition waiver, other expenses and fees are the responsibility of the student.

Taylor University has some full or partial tuition waivers available for: - Employees or Children of Employees

Check the financial aid website for more information on payment plans and tuition waivers.

Taylor University's Endowment

An endowment is the total value of a school's investments, donations, and assets. Endowment is not necessarily an indicator of the quality of a school, but it can give you a sense of how much money a college can afford to invest in expanding programs, improving facilities, and supporting students.

As of 2022, the total market value of Taylor University's endowment was $118 million. The average college endowment was $905 million in 2021. The school spends $11,067 for each full-time student enrolled.

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Learn More About Taylor University

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