by our College Data Analytics TeamA large number of students are not billed the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The total cost of going to Baylor University can seem tremendous, but do not forget that almost all students are given some form of financial help.
What financial aid options can Baylor offer you, and what will you qualify for? Keep reading for more information. Read on to find out how much school funding will be available to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. The information provided on this page can help you determine how much aid you may receive from Baylor University.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
For freshmen starting at Baylor University, 99% of new full-time first-years were awarded at least some aid (about 3268 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 98% | $27,232 |
| Institutional grants & scholarships | 98% | $25,690 |
| Federal Pell grants | 10% | $5,727 |
| State/local grants | 20% | $4,264 |
| Federal student loans | 35% | $5,369 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. At Baylor, about 89% of undergraduates were awarded an average grant or scholarship of $27,254 (among about 13537 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 89% | $27,254 |
| Federal Pell grants | 12% | $5,450 |
| Federal student loans | 31% | $6,535 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $33,122.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $30,572 |
| $30,001 – $75,000 | $31,697 |
| Over $75,000 | $45,543 |
Each figure is the net price after grants and scholarships, not the published sticker price.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $41,104 |
| Off-campus title-IV students | $41,942 |
For an estimate tailored to your family circumstances, see Baylor’s official net price calculator: www.baylor.edu/sfs/netpricecalculator/npcalc.htm.
The middle student in the debt distribution at Baylor owes $19,500 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $19,500 |
| Median federal debt (graduates only) | $23,000 |
| Typical 10-year monthly payment (graduates) | $243.84/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
Looking only at the median can be misleading because it hides the spread. The percentiles below describe the cumulative federal debt distribution for borrowers at Baylor.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,500 |
| 25th percentile | $8,774 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $33,250 |
Debt outcomes are not uniform — they shift with income, first-generation status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $19,898 |
| Middle income | $21,500 |
| High income | $19,000 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $20,500 |
| Continuing-generation students | $19,000 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $19,500 |
| Independent students | $18,750 |
A handful of calculated indicators summarize the debt outlook at Baylor.
Most undergraduate borrowing runs through the federal Stafford loan program. These figures summarize annual Stafford program activity at Baylor:
| Metric | Value |
|---|---|
| Stafford loan recipients | 41099 |
| Total Stafford loan amount | $987,594,441 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 692 |
| Total GI Bill amount | $15,883,511 |
| Average GI Bill amount per recipient | $22,953 |
References
More about our data sources and methodologies.