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:
While 52% of Liberty students take out federal student loans, 9% take out private loans. These private loans average $17,351.
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.
Combining tuition and fees ($22,511) and room and board costs ($12,350), the total Liberty University cost for undergraduate studies in 2022-23 was $34,861.
Graduate Tuition and Fees
Costs for 2022-23
Total Cost of Attendance
The Liberty University cost for graduate school, including tuition and fees, was $8,405 in 2022-23. This is far lower than the national average at a private university of $62,100
There are many options for graduate loans that can help with these costs.
Cost per Credit Hour
The cost per credit hour for part-time Liberty University residential undergrad students is $815. The cost per credit hour for students enrolled in liberty’s online program is $455 for part-time students, while the full-time online cost is $390 per credit hour.
Campus Housing Expenses
Costs for 2022-23
Books & Supplies
Room & Board
*Based on one-bedroom pricing. Average rate based on available apartments on Liberty University’s off-campus housing website in 2023.
Unmarried students under age 21 are required to live on campus at Liberty University in one of seven housing options. Residence halls include traditional housing for separate genders, as well as apartment-style suites. For upperclassmen who choose to live off-campus, there are several apartments located near campus. Learn more about the options for off campus housing .
Liberty University Acceptance Rate
Number of Applications
Liberty University has an exceptionally high acceptance rate of 99%.
Liberty University has a few requirements for admission, and a few recommended options.
• High school transcript
• SAT or ACT scores
• Reference letters
• Community service
While standardized test scores aren’t required, here are the average scores of Liberty students.
SAT and ACT Scores
While standardized test scores aren’t required, here are the average scores of Liberty students.
SAT (Evidence-Based Reading/Writing + Math
Popular Majors at Liberty University
Liberty offers many undergraduate degree programs, both on campus and online. Here are the most popular majors.
1. Business Administration
For students pursuing a Business Administration degree, there are several areas of focus students to choose from. These include Automotive Dealership Management, Communications, Digital Marketing & Advertising, Economics, Entrepreneurship, Human Resource Management, Leadership, Music Business, Real Estate, Strategic Marketing Management, and more.
Undergraduate degrees in 2020-21: 1,603
2. Interdisciplinary Studies
If the idea of creating your own degree program appeals to you, Liberty University’s Interdisciplinary Studies major may be a good fit. You can design your own program by selecting two or three areas of study, as well as the courses you take to reach your career goals.
Undergraduate degrees in 2020-21: 1368
Psychology majors can focus their studies on one of several areas, including Addictions & Recovery, Child Life Specialist, Christian Counseling, Developmental Psychology, Life Coaching, Military Resilience, Sport Psychology, and more.
Undergraduate degrees in 2020-21: 1,211
4. Religious Studies
Students at Liberty University can choose Religious Studies for their degree. Areas of focus include Biblical Languages, Global Studies, New Testament, Old Testament, or Theology & Apologetics.
Undergraduate degrees in 2020-21: 645
5. Criminal Justice
Criminal Justice majors get the opportunity to study Juvenile Justice, Corrections, Judicial Process, Criminal Law, Criminal Investigations, and more. They also have the chance to intern with organizations like the FBI, NCIS, and the Secret Service.
Undergraduate degrees in 2020-21: 604
Liberty offers three tracks in its Bachelor of Science degree in Aeronautics: Commercial/Corporate, Global Studies, and Military. Students take courses including Instrument Flight, Aviation Human Factors, and Aviation Leadership.
Undergraduate degrees in 2020-21: 418
In addition to a BSN in Nursing, Liberty also offers a dual degree (R.N. to B.S.N. to M.S.N.) and post-licensure (R.N. to B.S.N). The program gives students the opportunity to get hands-on experience with more than 600 hours of clinical training.
Undergraduate degrees in 2020-21: 253
8. Social Work
After completing courses like Social Work Professional Exploration, Ethics in Professional Helping, Human Behavior & the Social Environment, Social Work in Mental Health, and Social Work Practice with Diverse Populations, students may go on to work for adoption agencies, community organizations, churches, hospices, mental health clinics, and more.
Undergraduate degrees in 2020-21: 238
9. Elementary Education
Whether students are interested in teaching Middle School English, Math, Science, or General Education, a degree in Elementary Education will prepare them for their careers. They’ll take courses including Introduction to Education and Classroom Technologies, Teaching Reading to Diverse Learners, Behavior and Individual Differences, and Elementary School Curriculum.
Undergraduate degrees in 2020-21: 235
History majors will learn about Western Civilization, American History, and World History. They can also study an ancient language like Hebrew or Greek, or a modern language like Spanish or French.
Undergraduate degrees in 2020-21: 231
These are the graduation rates at Liberty University.
• 4 years: 45%
• 6 years: 65%
• 8 years: 55%
Post-Graduation Median Earnings
After graduating with an undergraduate degree at Liberty University, you can expect to earn, on average, about $42,394 per year. This is slightly lower than the national average of $47,922.
With a strong focus on Christian values, a very high acceptance rate, and an affordable tuition, Liberty University might be the right place for you to further your education if you’re looking for a Christian college. Plus, the school’s many options for financial aid could help you pay for it.
SoFi private student loans offer competitive interest rates for qualifying borrowers, flexible repayment plans, and no origination fees.
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