Texas Christian University (TCU) Tuition and Fees

Texas Christian University (TCU) Tuition and Fees

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    By Susan Guillory

    (Last Updated – 05/2023)

    Total Cost of Attendance

    Established in 1873, Texas Christian University (TCU) frequently makes the lists for the top universities in the nation. TCU tuition in 2023-24 is estimated at $57,130. This is higher than the national average for four-year private nonprofit institutions of $39,400.

    Estimated Costs for 2023-24

    Student Type

    In-State

    Out-State

    Tuition & Fees

    $57,130

    $57,130

    Books & Supplies

    $800

    $800

    Room & Board

    $14,800

    $14,800

    Student Fees

    $90

    $90

    Total Cost of Attendance

    $72,820

    $72,820

    Financial Aid

    At Texas Christian University, the majority of students (87%) use some form of financial aid to help with TCU tuition. This includes student loans, grants, and scholarships. TCU is need-blind, which means your ability to pay for college isn’t considered with your application.

    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

    There are both private and federal student loans available to TCU students: 28% take out federal loans and 10% take out private loans. The average private student loan is $27,820.

    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 cost to attend TCU for four years (based on 2023-24 numbers) would be $291,280. This is just above the average of $230,280 for four years of school at a U.S. private university, according to CollegeData.com.

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

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    Undergraduate Tuition and Fees

    Estimated Costs for 2023-24

    Student Type

    In-State

    Out-State

    Tuition & Fees

    $57,130

    $57,130

    Room & Board

    $14,800

    $14,800

    Total Cost of Attendance

    $71,930

    $71,930

    In 2023-24, the cost for tuition, fees, and room and board is $71,930.

    Graduate Tuition and Fees

    Estimated Costs for 2023-24

    Student Type

    In-State

    Out-State

    Tuition

    $35,676

    $35,676

    Fees

    $48

    $48

    Total Cost of Attendance

    $35,724

    $35,724

    For graduate students, TCU tuition and fees total $35,724 in 2023-24. The average cost for tuition for graduate school at a private institution in the United States is much lower, at $23,130 per year. There are graduate loans available to help with these costs.

    Cost per Credit Hour

    Some students opt to attend Texas Christian University part-time. In this case, they pay TCU tuition on a per-credit-hour basis of $1,870 on average. You may also be eligible to take out student loans as a part-time student.

    Campus Housing Expenses

    Estimated Costs for 2023-24

    Student Type

    On-Campus

    Off-Campus

    Books & Supplies

    $800

    $800

    Room & Board

    $14,800

    $870+/mo*

    Personal Expenses

    $4,240

    $4,240

    *Starting studio pricing based on available apartments on an off-campus housing website in 2023.

    Students under the age of 21 who don’t live with family are required to live on campus at TCU. There are 15 residence houses, some for freshmen, some for upperclassmen, and some mixed residences.

    Students who choose to live off-campus have many options near the university, including houses, duplexes, and apartments.

    Texas Christian University Acceptance Rate

    Fall 2022

    Number of applications

    16,197

    Number accepted

    9,087

    Percentage Accepted

    56%

    The TCU acceptance rate of 56% means that the university accepts almost half of the students who apply.

    Admission Requirements

    Here’s what’s required and recommended with your application to TCU:

    Required:

    •  High school transcript

    •  Essay

    •  Counselor and teacher recommendation/evaluation

    Recommended:

    •  SAT or ACT scores

    November 1 is the deadline for Early Action, Early Decision, and Spring Admission. The deadline for Regular Decision and Early Decision II is February 1. You can apply to TCU here .

    SAT and ACT Scores

    Applicants are not required to submit SAT or ACT scores through 2024. Here are the scores at the 25th and 75th percentile at TCU:

    Subject

    25th Percentile

    75th Percentile

    SAT Evidence-Based
    Reading/Writing

    600

    680

    SAT Math

    580

    690

    ACT Composite

    26

    31

    ACT English

    25

    34

    ACT Math

    25

    30

    Graduation Rate

    Here are the graduation rates for students who started their studies at Texas Christian University in 2015:

    •  4 years: 71%

    •  6 years: 83%

    Post-Graduation Median Earnings

    Earnings for students who graduate from TCU are, on average, $63,517 per year. This is higher than the national average for graduates of four-year institutions, which is $55,260 per year.

    Bottom Line

    If you’re looking for a well-respected private institution where you can get a top-notch education, consider Texas Christian University. The fact that it’s need-blind means anyone can qualify, regardless of income.

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

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    Photo credit: iStock/Rebecca Todd

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