In 2022, tuition for full-time Transylvania University students was $41,900 a year.
In 2022, tuition increased 2.7%–from $40,800 the previous year. On average, colleges raise tuition about 3% each year.
Remember, the total cost of tuition isn't the final cost for attending college. Many students pay a lot less than the sticker price after grants, scholarships, and tuition discounts kick in. And, student loans can make thecost of college more manageable 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 students who live in 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.
Attending a school where you are eligible for in-state tuition can save significant money on the total cost of attending college. Don't forget to confirm your state's requirements 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 where you live.
Transylvania University has the same tuition for international students as for those from out of state.
International students are not eligible for federal financial aid, but may qualify for private or school-specific aid and scholarships. International students with need may be eligible for the following types of financial support at Transylvania University:
•Transylvania University-specific scholarships
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.
Housing and campus dining at Transylvania University is $12,750 a year. This number covers the cost of living in dorms or other on-campus housing, plus a meal plan that enables you to eat all or some of your meals the Transylvania University's on-campus cafeterias and dining halls.
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 and supplies 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 used textbooks and materials.
The majority of colleges charge some yearly fees to offsets cost associated with maintaining facilties, like the library, gym and computer labs.
Keep in mind, there could also be additional fees associated with participating in certain activities, like joining a fraternity or sorority, or playing on an intramural sports team. Many schools offer ways for students who may struggle to participate because of cost can get help covering 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? 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 factors can make a big difference in your estimated cost of transportation. At Transylvania University, freshman are allowed to park on campus.
Where are a college is located 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 may be costly, but there may be more buses, trains or low-cost flight options to actually get to school. Transylvania Universityis located in a urban setting in KY, not far from Cincinnati and Louisville.
When estimating your budget for college, don’t forget to leave some room in your budget for personal expenses, like entertainment, clothes, furnishings and toiletries.
Now, let’s do a rundown of all of the costs associated with college, to get a better estimate of how much students can expect to shell out for Transylvania University.
What will the cost of attending Transylvania University be? Here is a breakdown of tuition and expenses.
|2022 Total Tuition and Expenses|
|Room and Board||$12,750|
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.
The majority of Transylvania University undergrads use financial aid to help pay for school. In 2022, 654 of the 1,001 undergrads enrolled received financial aid. Transylvania University meets 79.2% of the demonstrated financial need for undergraduates.
The average financial aid package for a full-time, first-year student is around $33,419 a year. Around 62% 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 $30,838 of student loan debt.
The average debt for each loan type varies.
|Average Debt By Loan Type|
|Transylvania University-Specific Loans||$4,250|
|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 2022, Transylvania University awarded 654 need-based scholarships to students, giving away total of $18.6 million to help students with financial need cover the cost of school. An additional $9.02 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 $33,419 in 2022. 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 offers an Installment Payment Plan, which allows students to pay tuition in a series of smaller chunks instead of one lump sum.
Schools sometimes offer tuition waivers to 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, students are usually responsible for housing, meal plans, and other expenses.
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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Data Source: IPEDs and Peterson's Databases © 2022 Peterson's LLC All rights reserved
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