In 2022, tuition for full-time students at Elon University was $41,734 a year.
Tuition increased 9.2% in 2022–from $38,218 the prior year. Usually, college tuition goes up about 3% every year.
If this makes attending the college of your dreams seem daunting, remember, the total cost of tuition isn't necessarily what you will have to pay to attend a school. Many students owe a lot less than the sticker price after grants, scholarships, and tuition discounts are awarded. Additionally, student loans can make the amount you do have to pay for college feel more doable until you're done with college.
Elon University is a private, religious institution, which means it has the same tuition for students from North Carolina 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 status can cut the cost of college tuition. Take the time to verify your state's rules for in-state tuition. Each state has different requirements to qualify as in-state resident. Most states require students to have resided in the state for a certain period of time before qualifying. There may be additional requirements too, depending on the state you and your parents currently reside in.
Explore other North Carolina colleges
Elon University has the same tuition for international students as for those from out of state.
Students from outside of the U.S. usually do not qualify for for loans or grants from the U.S. government, but may be eligible for private or school-specific aid and scholarships.
International students without financial need may be eligible for merit-based institutional scholarships and athletic awards.
Tuition is not the only cost of attending college; room and board, books, transportation and fees are also costs it consider when estimating the cost of attendance for college. Let's take a look at what impacts these costs, and what to expect at Elon University.
Room and board at Elon University costs $13,886 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 all or some of your meals the school dining facilities. Students who live off campus but would like to be able to eat in the campus dining can pay for a meal plan. The cost of board-only is $6,818.
Board costs can depend on how many meals are included in the plan you choose.
First-year students are sometimes surprised by how much books and supplies cost–and not in a good way. 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 books from students who have already taken the course.
The majority of colleges charge some yearly fees to offsets cost associated with maintaining facilties, like the library, gym and computer labs.
There may be other costs associated with participating in special activities, like joining a fraternity or sorority, or playing on an intramural sports team. Most colleges offer ways for students who may struggle to participate because of cost can get help covering these fees.
The total cost of transportation in college can really vary. 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 own a car, or will you need to use public transportation? All of these factors can make a big difference in your transportation budget. At Elon University, freshman are allowed to park on campus.
The location of a college or university 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 transportation in a city is often costly, but cities may offer more trains, busses or affordable flights to actually get to school. Elon Universityis in a suburban setting in North Carolina, near Raleigh.
When estimating your budget for college, be sure to factor in the cost of things like entertainment, clothes, furnishings and toiletries.
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 Elon University.
What will the cost of attending Elon University be? Here is a breakdown of tuition and expenses.
|2022 Total Tuition and Expenses|
|Room and Board||$13,886|
The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.
|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.
In 2022, 2,005 of the 6,302 undergrads enrolled received financial aid. Elon University meets 67% of the demonstrated financial need for undergraduates.
The average financial aid package for a full-time, first-year student is around $22,047 a year. Around 37% of Elon University undergrads take out student loans to cover any remaining costs. Elon University graduates who have student loans graduate with an average of $56,994 of student loan debt.
The average debt for each loan type varies.
|Average Debt By Loan Type|
|Elon University-Specific Loans||$5,236|
|Most Common Loans for Elon 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 Elon 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 2022, Elon University awarded 1,821 need-based scholarships to students, giving away total of $32.3 million to help students with financial need cover the cost of school. An additional $15.22 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 Elon 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 Elon University was $22,047 in 2022. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Elon University seem more manageable.
|Estimated Net Cost for Full-Time Students|
What will attending Elon 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 Elon 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.
Elon 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 make attending more affordable. Some schools offer tuition waivers for employees and their family members, underrepresented students, or military students. Even if you qualify for a waiver, other expenses and fees are the responsibility of the student.
Elon 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.
Click below to find out more about the admissions requirements and deadlines, student life, academics, majors and more.
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Tuition & Fees
Students Who Receive Need-Based Aid
Average Financial Aid Package
Data Source: IPEDs and Peterson's Databases © 2022 Peterson's LLC All rights reserved
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