#8 Best Public Universities in Alabama

TROY Tuition & Cost

Troy, Alabama

 3 Reviews

How much does it cost to attend?

In State Alabama Resident Sticker Price
In State Costs for Troy University
Fee Cost
Books and Supplies$1,300
Other Fees$1,108
Room and Board $6,904
Other Expenses Budget$4,766
Out of State Resident Sticker Price
Out of State Costs for Troy University
Fee Cost
Books and Supplies$1,300
Other Fees$1,108
Room and Board $6,904
Other Expenses Budget$4,766

Residents of Alabama pay an annual total price of $21,878 to attend Troy University on a full time basis. This fee is comprised of $7,800 for tuition, $6,904 room and board, $1,300 for books and supplies and $1,108 for other fees.

Out of state residents are charged a total cost of $29,678 which is 35.7% higher than Alabama residents. The tuition charge is $15,600 while room and board is $6,904, books and supplies are $1,300 and other fees come in at $1,108.

All price data is sourced from the 2020/2021 U.S. Department of Education National Center for Education Statistics survey.

Net Price

Net price is indicative of what it actually costs to attend Troy University when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2019/2020
Net Price by Income Troy University
Family Income Net Price Paid
$0 to $30,000$14,852
$30,001 to $48,000$16,013
$48,001 to $75,000$16,049
$75,001 to $110,000$15,883

The average reported annual net price for Troy University for students receiving grants or scholarship aid was $13,257 in 2019/2020. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

Costs for Similar Colleges 

Financial Aid

93% of full-time undergrad Troy University received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $7,973 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 84% of students received Federal Student Loans averaging $3,990 and 8% of undergrads took out private student loans averaging $12,726.

Finanical Aid Troy University
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $7,973 93%
Institutional Grants and Scholarships $7,280 52%
Pell Grants $4,864 47%
Other Federal Grants $2,501 7%
State and Local Grants $2,263 3%
Federal Student Loans $3,990 84%
Other Student Loans $12,726 8%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Troy University, we've modeled a ten year student loan with an original principal value of $39,252. The loan balance of $39,252 is a four year multiple of the $9,813 average net price. This is a estimate of what you could owe upon graduation if you were to qualify for average financial aid and what a degree really may cost. Should you not qualify for financial aid, you may owe significantly more when you graduate. Based on these assumptions, a monthly repayment of $375 could be required to satisfy your student loan.

Please note that financial aid is not guaranteed and is only available for qualifying students. Federal Student Loans are not grants and must be repaid with interest. The current Stafford loan interest rate is 2.75%.

Example Loan $39,252
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $374.51
Total Interest Paid $5,688.89
Sum of All Loan Payments $44,940.89

Projected 4 Year Degree Price

4 Year Sticker Price
Year Alabama Residents Non Residents
1 $21,878 $29,678
2 $22,457 $30,464
3 $23,052 $31,271
4 $23,662 $32,099

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Troy University to be $87,512 - assuming graduation in normal time. The estimation assumes a 2.6% annual increase over the next 4 years which has been the recent trend for this school.

Credit Hour Cost and Price per Class

Credit Hour and Class Costs at Troy University
Price Per Credit 3 Credit Class 4 Credit Class
Alabama Residents $325 $975 $1,300
Out of State Residents $650 $1,950 $2,600

Estimated cost for a class at Troy University based on published credit hour prices. Note that not all schools allow single class enrollment. These prices should be used for comparison purposes as to how much it may cost to take a class at Troy University versus other colleges.

Tuition Payment Plans Available

Troy University Payment Plans
Tuition Payment Plan Yes
Prepaid Tuition Plan No
Alternative Tuition Plan Yes
Guaranteed Tuition Plan No

Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=102368 IPEDS survey data for Troy University.