Baylor University Tuition and Fees

Baylor University Tuition and Fees

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    By Susan Guillory

    (Last Updated – 06/2022)

    Total Cost of Attendance

    Baylor University is known for its high-caliber education and Christian values. Baylor University tuition is $50,232 a year (based on 2021-22 numbers). In comparison, the average tuition for four-year private nonprofit institutions is $35,807.

    Costs for 2021-22

    Student Type

    In-State

    Out-State

    Tuition & Fees

    $57,232

    $57,232

    Books & Supplies

    $1,302

    $1,302

    Room & Board

    $13,274

    $13,274

    Other Expenses

    $3,318

    $3,318

    Total Cost of Attendance

    $68,126

    $68,126

    Financial Aid

    Approximately 95% of Baylor students receive some sort of financial aid, including student loans, grants, or scholarships. Baylor is need-aware, which means the school may consider a student’s ability to pay in the application process.

    Generally, financial aid is monetary assistance awarded to students based on personal need and merit. Students that qualify for financial aid can use it to pay for college costs like tuition, books, and living expenses.

    The federal government is the largest provider of student financial aid. However, aid can also be given by state governments, colleges and universities, private companies, and nonprofits. The different types include:

    •  Scholarships: These can be awarded by schools and other organizations based on students’ academic excellence, athletic achievement, community involvement, job experience, field of study, and financial need.

    •  Grants: Generally based on financial need, these can come from federal, state, private, and non-profit organizations.

    •  Work-study: This federal program provides qualifying students with part-time employment to earn money for expenses while in school.

    •  Federal student loans: This is money borrowed directly from the U.S. Department of Education. It comes with fixed interest rates that are typically lower than private loans.

    Colleges, universities, and state agencies use the Free Application for Federal Student Aid (FAFSA) to determine financial aid eligibility. The FAFSA can be completed online, but note that state and federal and school deadlines may differ.

    You can find other financial aid opportunities on databases such as:

    •  US Department of Education – Search for grants from colleges and universities by state

    •  College Scholarship Service Profile (CSS) – A global college scholarship application used by select institutions to award financial aid

    Recommended: The Differences Between Grants, Scholarships, and Loans

    Private Student Loans

    While 43% of Baylor students take out federal student loans, 14% take out private student loans. The average private loan to help with Baylor tuition is $25,588 per year.

    Private loans are funded by private organizations such as banks, online lenders, credit unions, some schools, and state-based or state-affiliated organizations. While Federal student loans have interest rates that are regulated by Congress, private lenders follow a different set of regulations so their qualifications and interest rates can vary widely.

    What’s more, private loans have variable or fixed interest rates that may be higher than federal loan interest rates, which are always fixed. Private lenders may (but don’t always) require you to make payments on your loans while you are still in school, compared to federal student loans which you don’t have to start paying back until after you graduate, leave school, or change your enrollment status to less than half-time.

    Private loans don’t have a specific application window and can be applied for on an as-needed basis. However, if you think you may need to take out a private loan, it’s a good idea to submit your FAFSA first to see what federal aid you may qualify for as it generally may have better rates and terms.

    If you’ve missed the FAFSA deadline or you’re struggling to pay for school throughout the year, private loans can potentially help you make your payments. Just keep in mind that you will need enough lead time for your loan to process and for your lender to send money to your school.

    Recommended: Guide to Private Student Loans

    Projected 4-Year-Degree Price

    The total cost to attend Baylor for four years would be $272,504, based on 2021-22 pricing. The average cost for private schools is $219,520 for four years, according to CollegeData.com.

    Here’s some Texas Student Loan & Scholarship Information for you.

    Undergraduate Tuition and Fees

    Costs for 2021-22

    Student Type

    In-State

    Out-State

    Tuition & Fees

    $50,232

    $50,232

    Room & Board

    $13,274

    $13,274

    Total Cost of Attendance

    $63,506

    $63,506

    In 2021-22, students paid $50,232 for Baylor tuition and $13,274 for room and board, for a total of $63,506. This is higher than the average for private four-year universities in the U.S. of $54,880.

    Graduate Tuition and Fees

    Costs for 2021-22

    Student Type

    In-State

    Out-State

    Tuition

    $37,674

    $37,674

    Fees

    $0

    $0

    Total Cost of Attendance

    $37,674

    $37,674

    Baylor offers a variety of graduate degrees. Tuition for graduate school is $37,674, which is higher than the national average of $19,493. There are graduate loans available to help with these costs.

    Cost per Credit Hour

    Students that opt to attend Baylor for 11 hours or less per semester can pay $2,154 per credit hour rather than pay full-time tuition.

    Campus Housing Expenses

    Costs for 2021-22

    Student Type

    In-State

    Out-State

    Books & Supplies

    $1,302

    $1,302

    Room & Board

    $13,274

    $12,670

    Other Expenses

    $3,318

    $3,946

    First-year students at Baylor University are required to live in one of 19 residence halls. There are also Living-Learning Centers, which are communities organized around specific academic programs, as well as Residential Colleges, faculty-led communities focused on academic excellence.

    Students can also opt to live off-campus in apartments, duplexes, rooms, or houses. For information about off-campus housing options this resource can help.

    Baylor University Acceptance Rate

    Fall 2020

    Number of applications

    33,680

    Number accepted

    22,902

    Percentage Accepted

    68%

    When it comes to the Baylor acceptance rate, over half of all students who apply are accepted.

    Admission Requirements

    To get accepted to Baylor, there are certain requirements and some additional recommendations.

    Required:

    •  Secondary school record

    •  Secondary school GPA

    Recommended:

    •  Completion of college-preparatory program

    •  Letters of recommendation

    •  Admission test scores

    The deadline for Early Decision 1 and Early Action is November 1. Students committing to attending Baylor if accepted will receive a decision by December 15, and the Early Action applicants will receive a decision by January 15. The deadline for Early Decision 2 is February 1, with a decision by March 1. The deadline for Regular Admission is also February 1, with a decision by April 10. You can apply to Baylor here .

    SAT and ACT Scores

    Baylor University is a test-optional school, meaning that students are not required to submit SAT or ACT scores.

    Here are the median scores of incoming students:

    •  ACT: 26-32

    •  SAT: 1210-1370

    Graduation Rate

    Wondering how many students graduate from Baylor? Here’s the data on the percentage of students who started in 2014 and graduated in either four or six years:

    •  4 years: 64%

    •  6 years: 79%

    Post-Graduation Median Earnings

    Upon graduating, Baylor students earn, on average, $60,512 per year. This is above the national average for graduates of private universities of $47,891.

    Bottom Line

    Baylor University provides a stellar education, backed by solid Christian values, and the Baylor acceptance rate is high. While your financial situation may impact your application, there are plenty of options available to help you pay for your Baylor tuition.

    SoFi private student loans offer competitive interest rates for qualifying borrowers, flexible repayment plans, and no origination fees.

    Learn More

    Photo credit: iStock/Rebecca Todd
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