In 2022, tuition for full-time students at Taylor University was $37,176 a year.
In 2022, tuition increased 2.5%–from $36,270 the previous year. Usually, college tuition rises about 3% year.
Remember, the "sticker price" of tuition does not always mean much if you plan to use financial aid to help pay for college. Many students owe way less than the sticker price after grants, scholarships, and tuition discounts are awarded. And, student loans can make theactual cost of attending college feel more doable until you've finishing school and found a job.
Taylor University is a private, religious institution, which means it has the same tuition for residents of Indiana as it does for students who live in other states.
Public colleges and universities receive funding from the state government. Public insitutions often offer reduced tuition for those who qualify as Indiana residents.
Attending a school where you qualify for the reduced tuition offered to state residentscan drastically reduce the cost of tuition, as well as loans and interest owed. Take the time to confirm your state's criteria 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 where you live.
Explore other Indiana colleges
Taylor 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 may qualify for private or Taylor University-specific grants, scholarships, and other funding opportunities..
International students without financial need may be eligible for merit-based institutional scholarships and athletic awards.
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 Taylor University.
Room and board at Taylor University costs $11,058 a year. This includes the cost of living in dorms or other on-campus housing, plus a meal plan that allows you to eat in the school dining halls.
Meal-plan costs may vary depending 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 what kinds of books and materials they require. 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 computer labs and libraries, athletic facilities, and more.
Keep in mind, there could also be optional fees associated with participating in certain activities, like joining a fraternity or sorority, or participating in sports or other extracurriculars. Many schools offer ways so that those with demonstrated need to find ways to lower or eliminate these costs.
The total cost of getting around 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 small enough that you can easily walk from class-to-class?? Do you own a car, or are you planning to use public transportation? All of these questions can drastically impact your transportation budget. Keeping in mind, first-year students are not allowed to park a car on campus.
The location of a college or university can also have a big effect on your transportation budget. 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 an urban area can be expensive, but cities may offer more trains, busses or affordable flights to actually get to school. The Taylor University campus is in a rural setting in Indiana, not far from Indianapolis.
When estimating your budget for college, don’t forget to take into account personal expenses, like entertainment, clothes, furnishings and toiletries.
Now, let’s look at the breakdown of all expenses, to get a better idea of what is really costs to go to Taylor University.
What will the cost of attending Taylor University be? Here is a breakdown of tuition and expenses.
|2022 Total Tuition and Expenses|
|Room and Board||$11,058|
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.
Taylor University’s tuition and fees change based on: •Course load for full-time students
In 2022, 1,020 of the 2,076 undergrads enrolled received financial aid. Taylor University meets 82.5% of the demonstrated financial need for undergraduates.
The average financial aid package for a full-time, first-year student is around $27,788 a year. Around 52.81% 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 $24,096 of student loan debt.
The average debt for each loan type varies.
|Average Debt By Loan Type|
|Taylor University-Specific Loans||$688|
|Most Common Loans for Taylor 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 Taylor 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, Taylor University awarded 1,019 need-based scholarships to students, giving away total of $21.6 million to help students with financial need cover the cost of school. An additional $12.57 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 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 $27,788 in 2022. 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|
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.
Some students choose to use payment plans to make the cost of tuition fit more comfortably in their budget.
Taylor 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 faculty, staff, and their families , underrepresented students, or military students. Even if you qualify for a 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.
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
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Data Source: IPEDs and Peterson's Databases © 2022 Peterson's LLC All rights reserved
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