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#11 Best Private Colleges in Virginia

Liberty University Tuition & Cost

Lynchburg, Virginia

 3 Reviews

How much does it cost to attend?

Sticker Price
$40,469
Costs for Liberty University
Fee Cost
Tuition$20,534
Books and Supplies$1,299
Other Fees$1,053
Room and Board $11,273
Other Expenses Budget$6,310

Annual Prices

The annual list price to attend Liberty University on a full time basis for 2020/2021 is $40,469 for all students regardless of their residency. This fee is comprised of $20,534 for tuition, $11,273 room and board, $1,299 for books and supplies and $1,053 for other fees. Out of state tuition for Liberty University is $20,534, the same as Virginia residents.

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 Liberty University when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2019/2020
$28,762
Net Price by Income Liberty University
Family Income Net Price Paid
$0 to $30,000$29,786
$30,001 to $48,000$27,251
$48,001 to $75,000$27,305
$75,001 to $110,000$28,443
$110,000+$31,193

The average reported annual net price for Liberty University for students receiving grants or scholarship aid was $28,762 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

99% of full-time undergrad Liberty 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 $12,966 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 56% of students received Federal Student Loans averaging $5,602 and 9% of undergrads took out private student loans averaging $16,278.

Finanical Aid Liberty University
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $12,966 99%
Institutional Grants and Scholarships $10,836 78%
Pell Grants $4,896 30%
Other Federal Grants $1,885 67%
State and Local Grants $3,246 22%
Federal Student Loans $5,602 56%
Other Student Loans $16,278 9%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Liberty University, we've modeled a ten year student loan with an original principal value of $84,792. The loan balance of $84,792 is a four year multiple of the $21,198 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 $809 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 $84,792
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $809.01
Total Interest Paid $12,289.11
Sum of All Loan Payments $97,081.11

Projected 4 Year Degree Price

4 Year Sticker Price
$161,876
Year All Residents
1 $40,469
2 $40,868
3 $41,271
4 $41,678

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Liberty University to be $161,876 - assuming graduation in normal time. The estimation assumes a 1% 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 Liberty University
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $376 $1,128 $1,504

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

Tuition Payment Plans Available

Liberty 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=232557 IPEDS survey data for Liberty University.