College Factual  by our College Data Analytics Team
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Can You Afford Elon University?

Concerned about paying for college? Take a look at Elon University’s financial aid options, including grants, scholarships, and student loans, then calculate the net price based on your income level to determine if you can afford to attend this school.

2020 - 2021 Costs Between $28,418 and $54,562

Feeling a little stressed about paying $54,562 to attend Elon University each year? This number can be deceiving, and for many, the net price you pay will be less.

While there is no tuition reduction for North Carolina students, 61.0% of freshmen receive some form of financial aid, with the average amount totaling $14,109. Students from low-income families receive an average of $26,144 in aid during their first year.

Cost (no aid)

Tuition and fees$37,921
+ Room and board$13,141
+ Other expenses$3,500
Total cost$54,562
Affordability Score (13 out of 100)
more expensive
less expensive

Net Price (with average aid)

Total cost$54,562
- Grants and scholarships$14,109
Net price$40,453
Affordability Score (5 out of 100)
more expensive
less expensive

Average Net Price for Low Income Undergraduates

Total cost$54,562
- Grants and scholarships$26,144
Net price$28,418
Affordability Score (16 out of 100)
more expensive
less expensive

Learn more about tuition and fees, room, board and other expenses, and financial aid options at Elon University.

Projected Costs Between $110,137 and $336,845 For a Four Year Degree. Between $55,566 and $163,103 For a Two Year Degree.

Looking at the total projected cost of a college education over the course of two / four (or more) years can feel a little overwhelming. However, doing so will help better prepare you for the financial commitment you are making.

The overall cost for on-campus students to attend Elon University in 2020 - 2021 was $54,562. To calculate future costs, we looked at the prior five years of data and determined that this cost increased an average of 3.2% each year. If this trend continues, we expect the full cost for incoming freshmen to be $58,121 during their first year. By their senior year, that cost will be approximately $63,900 for a bachelor degree candidate ($59,987 for an associate degree candidate) for a total of $243,920 over the course of four years ($118,108 over the course of two years). These numbers do not take into consideration financial aid, which reduces this overall cost by varying amounts per student.

Remember, the full costs quoted above are not what most students will pay, and the net price varies quite a bit based on individual circumstances.

Average Net Price at Elon University

Cost With Interest

The tables below outlines how the overall degree net cost can vary depending on your situation. This table also highlights the impact student loans can have on the overall cost of college.

Projected 2-Year Net CostsLow Income w/ Aidw/ Average AidNo Aid
Annual growth rate*2.9%3.2%
Freshman year$27,909$42,875$58,121
Senior year$27,658$44,140$59,987
Total 2-year net price$55,566$87,015$118,108
10-year loan interest @ 6.8%$21,169$33,149$44,995
Total monthly payment$639$1,001$1,359
Total amount paid$76,735$120,164$163,103
Projected 4-Year Net CostsLow Income w/ Aidw/ Average AidNo Aid
Annual growth rate*2.9%3.2%
Freshman year$27,909$42,875$58,121
Senior year$27,162$46,782$63,900
Total 4-year net price$110,137$179,239$243,920
10-year loan interest @ 6.8%$41,958$68,283$92,925
Total monthly payment$1,267$2,063$2,807
Total amount paid$152,095$247,522$336,845

Visit net price and financial aid to learn more about the total cost of attending Elon University.

Further Questions to Consider

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