Tuition & Funding

Loans

The Intersection of Cost and Value

Your college education is one of the biggest investments you’ll make. And although it is a major expense, it’s an investment that appreciates over your lifetime, with long-term effects on your career and future.

Taylor’s Christian liberal arts curriculum will prepare you for more than a career. You’ll be equipped with a degree that can flex, adapt, and rise to meet challenges you’ll face. You’ll be ready to serve your church, community, and workplace with compassion and wisdom. By investing in a Taylor education, you are committing your time, potential, and resources with the belief that the outcome is worth the cost.

Let’s talk outcomes.

The average Taylor student graduates in 3.8 years (the national average is 5.1 years). They also graduate with 10% less debt and are able to begin their career earlier. At Taylor, 58% of 2019 graduates had an average debt of $26,009. Nationally, 62% of private college graduates had an average debt of $28,800.

Taylor is committed to being a shareholder with you in this investment in your future. That’s why you’ll find knowledgeable faculty, challenging programs, and an intentional community who will walk with you every step of the way.

Taylor’s 89% retention rate shows that Taylor students remain focused on their goals (the national rate is 76%), and we know you can do it. Let us help you see what’s possible.

99% of students receive financial aid

Arrows Going Outward Showing the Amount of Money Taylor Distributes.

Over $51 million in aid distributed

Taylor students graduate with 10% less debt than national average

A Graduation Cap with a Dollar Sign Beside It.

600+ Scholarships Awarded

Expected
Family
Contribution

Merit
Based
Aid

Need
Based
Aid

You at College!

What Does Taylor Cost?

The total cost of attending a college includes tuition, fees, room, board (food), and allowances for books, supplies, and personal/travel expenses.

Your financial need is determined by looking at the difference between your family’s resources and the total cost of attending college. Your family’s resources, or Expected Family Contribution (EFC) is determined by the Free Application for Federal Student Aid (FAFSA), which must be filed each year by April 15. When evaluating a family’s resources, these factors are taken into consideration:

Expected Family Contribution

parental income and assets
student income and assets
household size
number of children in college

Taylor Costs Before Financial Aid 2021-2022

	Fall & Spring	J-Term
Tuition	$36,270	~~$3,800~~
Room	$4,988	$615
Board	$4,448	$608
Fees	$274	$26
Total	$45,980	$1,249

Tuition-Free January Term

Students enrolled full-time in either fall or spring can attend tuition-free during January, worth up to $15,000 over four years. The J-term program allows students to accelerate their degrees (the average Taylor graduate finishes in 3.8 years) or participate in unique global experiences.

Indirect Costs

Books: average of $1,100 per year

Miscellaneous: average of $2,400 per year

Total Direct Costs

$45,980 + $1,249 = $47,229

Financial Aid is Available

99% of incoming students receive financial aid, and last year, the Financial Aid Office awarded over $51 million across the student body (more than $32 million were Taylor resources).

Need-Based Aid

Students must file the FAFSA by April 15 to qualify for any Taylor, State, or Federal grants, loans, or work study. All need-based amounts are subject to change based on federal regulations.

Merit-Based Aid

Merit-based aid is provided through university scholarship awards based on your test scores and GPA. This is where your hard work in high school or college pays off! First-time freshmen interested in academic awards may submit ACT, SAT, or CLT scores and high school GPA to receive the amount listed. SAT total is calculated by combining the super-scored Mathematics and Evidence-Based Reading & Writing portions of the test. ACT composite is calculated by combining the super-scored Reading, English, Mathematics, and Science scores. CLT scores are also super-scored among Verbal Reasoning, Grammar/Writing, and Quantitative Reasoning. Transfer students are eligible for academic awards based on college GPA. Graduate program aid is dependent on the program.

These merit-based awards are renewable with a 3.0 college GPA and available to all incoming undergraduate students beginning in the fall of 2021. Decisions for merit-based aid are made independent of the FAFSA.

Use the Net Price Calculator to calculate the contributing source percentages of your personal tuition payment.

Graph that Shows the Rleationship Between SAT/ACT Scores, GPA, and Scholarship Money.

Girl Walking with School Supplies in her Arms and Smiling at other Students.

Female Student on Sunny Day Smiling as She Walks to Class.

How to Apply for Financial Aid

To receive need-based aid, you must file the Free Application for Federal Student Aid (FAFSA).

Need-based aid includes funding from Taylor Fund Grants, Taylor Endowed/Annual Scholarships, Federal Pell and SEOG grants, Federal Direct Loans, and Federal Work Study. All need-based amounts are subject to change based on federal regulations.

The scholarship priority filing deadline for the FAFSA is February 1 each year. The filing deadline for need-based grants from Taylor or the state of Indiana is April 15.

1. Apply and be Accepted to Taylor

Financial aid packages will not be awarded until admission acceptance is finalized, but a student may begin the financial aid process before that time.

2. Get Your FSA ID

The FSA ID is used to confirm your identity on the FAFSA and related documents. Students and parents must make their own FSA IDs. Create yours.

3. File Your FAFSA

File the FAFSA as soon as possible after October 1. Go to studentaid.gov, log in with your FSA ID, and use the “IRS Data Retrieval Tool” to simplify the process. (Having a hard time? Check out this page for help.)

Be sure to indicate that you want a copy of your FAFSA sent to Taylor University (code: 001838).
The priority filing deadline for endowed scholarships from Taylor is February 1 each year.
The filing deadline for need-based grants from Taylor or the state of Indiana is April 15.
Note: Some families may be selected for the verification process.

4. Check Your Status

After November 1, begin checking your financial aid status under the “Your Documents” tab in MYFA (My Financial Aid Online site).

5. Apply for Student Loans

Apply for loans between May 15 and July 1 through MYFA.

6. Notify Taylor

Notify the Financial Aid Office of any outside or private scholarships, grants, or loans you receive.

Financial aid packages are processed on a rolling basis beginning on November 1. Students should receive their package within four weeks of submitting all required documents.

Tuition Payment Plans

Many families prefer to pay their college expenses in smaller, more manageable installments. Taylor University offers payment plan options for enrollment at the student account billing website. Our Student Accounts Office is happy to help you figure out the best course of action for your family. Please contact billing@taylor.edu for details and additional information.

In order to reduce your monthly payments, you can combine a payment plan with a Direct Parent PLUS loan. To learn more about the Direct PLUS loan, go to studentaid.gov.

For any other billing questions, contact the Student Accounts Office at billing@taylor.edu or 765-998-5123.

* Full-time tuition is charged to students who register for 12-17 credit hours a semester. Registering for greater than 17 hours, lab fees, private music lessons, and selected courses will incur an additional charge.

** Students should anticipate an additional $3,500 per year for books and miscellaneous expenses.