#5 Best Private Colleges in Texas

Baylor Tuition & Cost

Waco, Texas

 7 Reviews

How much does it cost to attend?

Sticker Price
Costs for Baylor University
Fee Cost
Books and Supplies$1,264
Other Fees$4,522
Room and Board $12,992
Other Expenses Budget$3,260

Annual Prices

The annual list price to attend Baylor University on a full time basis for 2018/2019 is $64,880 for all students regardless of their residency. This fee is comprised of $42,842 for tuition, $12,992 room and board, $1,264 for books and supplies and $4,522 for other fees. Out of state tuition for Baylor University is $42,842, the same as Texas residents.

All price data is sourced from the 2019/2020 U.S. Department of Education National Center for Education Statistics survey.
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Net Price

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

Average Net Price 2018/2019
Net Price by Income Baylor University
Family Income Net Price Paid
$0 to $30,000$26,726
$30,001 to $48,000$29,849
$48,001 to $75,000$31,343
$75,001 to $110,000$35,300

The average reported annual net price for Baylor University for students receiving grants or scholarship aid was $38,372 in 2018/2019. 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 Baylor 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 $24,559 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 46% of students received Federal Student Loans averaging $5,446 and 15% of undergrads took out private student loans averaging $24,612.

Finanical Aid Baylor University
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $24,559 93%
Institutional Grants and Scholarships $23,028 93%
Pell Grants $4,747 18%
Other Federal Grants $952 9%
State and Local Grants $3,722 16%
Federal Student Loans $5,446 46%
Other Student Loans $24,612 15%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Baylor University, we've modeled a ten year student loan with an original principal value of $107,480. The loan balance of $107,480 is a four year multiple of the $26,870 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 $1,025 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 $107,480
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $1,025.48
Total Interest Paid $15,577.33
Sum of All Loan Payments $123,057.33

Projected 4 Year Degree Price

4 Year Sticker Price
Year All Residents
1 $64,880
2 $68,027
3 $71,326
4 $74,786

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Baylor University to be $259,520 - assuming graduation in normal time. The estimation assumes a 4.9% 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 Baylor University
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $1,785 $5,355 $7,140

Estimated cost for a class at Baylor 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 Baylor University versus other colleges.

Tuition Payment Plans Available

Baylor 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=223232 IPEDS survey data for Baylor University.