In 2021, tuition for full-time students at Transylvania University was $40,800 a year.
In 2021, tuition increased 2.2%–from $39,920 the prior year. On average, colleges raise tuition about 3% each year.
If these numbers seem daunting, remember, the "sticker price" of tuition doesn't mean much if you plan to use financial aid to help pay for college. Many students find the actual cost of college is way less than the total tuition after grants, scholarships, and tuition discounts kick in. Additionally, student loans can make thecost of college feel more doable until you've finishing school and found a job.
Transylvania University is a private, religious institution, so it has the same tuition for students from KY as it does for residents from other states.
Public schools receive funds from the state to help them cover costs. Public, state schools can offer lower tuition for students who meet the requirements for in-state residency..
Choosing a college where you qualify for in-state tuition can cut the cost of college tuition. Take the time to confirm your state's requirements for as an in-state resident. Each state has different requirements to qualify as in-state resident. In many states, students must have lived in the state for 12 months before starting school to qualify for in-state tuition. There may be other criteria too, depending on the state you and your parents currently reside in.
Transylvania University has the same tuition for international students as for those from out of state.
International students are not eligible for loans or grants from the U.S. government, but should research private or Transylvania University-specific aid and scholarships. International students with need may be eligible for the following types of financial support at Transylvania University:
International students without financial need may be eligible for merit-based institutional scholarships.
In addition to tuition, there are other costs associated with college, like room and board, facility fees, and books and supplies. Let's take a look at what impacts these costs, and what to expect at Transylvania University.
Room and board at Transylvania University is $12,200 a year. This number includes the cost of living in dorms or other on-campus housing, plus a meal plan that allows you to eat in the Transylvania University's on-campus cafeterias and dining facilities.
Board costs vary based on on the numnber of meals you intend to eat on-campus
The cost of books often surprises first-year college students. The actual cost of books depends on the courses you take and the materials required. To save money, many students choose to use books from the library or buy books from students who have already taken the course.
The majority of colleges also have fees to offsets cost associated with maintaining facilties, like the library, gym and computer labs. Students who attend Transylvania University full time can expect to pay around $1,720 in fees every year they are enrolled.
Keep in mind, there could also be other costs associated with participating in certain activities, like Greek Life, or playing on an intramural sports team. Many schools offer resources for students with demonstrated need to find ways to lower or eliminate these fees.
The total cost of getting around in college depends on a few key factors. Will you drive, fly, or take public transportation to school?. Will you need to pay to park on-campus? Is the campus walkable? Do you plan to bring a car or are you planning to use busses, subways, or other modes of transportation? All of these questions can drastically impact your transportation budget. At Transylvania University, freshman are allowed to park on campus.
A school's location can also have a big effect on the amount you'll have to spend just to get around. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the other hand getting around in a city is sometimes expensive, but cities may offer more buses, trains and low-cost flight options to actually get to school. Transylvania Universityis located in a urban setting in KY, near Cincinnati and Louisville.
When creating a budget for college, be sure to take into account 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 .
Now, let’s do a rundown of all of the costs associated with college, to get a better idea of how much students can expect to shell out for Transylvania University.
|2021 Total Tuition and Expenses|
|Room and Board||$12,200|
|Total Estimated Costs|
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.
The majority of Transylvania University undergrads use financial aid to to cover the cost of tuition. In 2021, 680 of the 958 undergrads enrolled received financial aid. Transylvania University meets 78.19% of the demonstrated financial need for undergraduates.
The average financial aid package for a full-time, first-year student is around $31,676 a year. Around 70% of Transylvania University undergrads take out student loans to cover any remaining costs. Transylvania University graduates who have student loans graduate with an average of $31,393 of student loan debt.
The average debt for each loan type varies.
|Average Debt By Loan Type|
|Transylvania University-Specific Loans||$4,950|
|Most Common Loans for Transylvania University Students|
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 Transylvania University financial aid, keep reading, or visit their financial aid website.
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 2021, Transylvania University awarded 680 need-based scholarships to students, giving away total of $18.3 million to help students with financial need cover the cost of school. An additional $7.05 million in merit-based scholarship money was awarded to students without demonstrated financial need.
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 Transylvania 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 Transylvania University was $31,676 in 2021. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Transylvania University seem more manageable.
|Estimated Net Cost for Full-Time Students|
What will attending Transylvania 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 get a better idea of the actual cost of attending that school, based on their financial situation. You can find the Transylvania University's net cost calculator on their website.
Some students choose to use payment plans to make the cost of tuition fit more comfortably in their budget.
Transylvania University does not have guaranteed tuition.
A Prepaid Tuition Plan is not available for Transylvania University students.
Transylvania University offers an Installment Payment Plan, which allows students to pay tuition in a series of smaller chunks instead of one lump sum.
Schools sometimes waiver tuition for certain groups, to reduce the total cost of attendance. 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.
Transylvania 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.
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