$4,810

Avg. Federal Grant

$5,479

Avg. Federal Loan

$291,237,680

Total Aid Awarded

Baylor University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

91%

Total Aid Amount Average Total Aid Awarded per year.

$291.238M

Financial Aid Official Website

www.baylor.edu/sfs

Baylor University is an expensive university, but the university makes sure that none of their students discontinue their education because of the educational problems.

The financial aid department of the university provides various opportunities to its students so that they can easily pay for the university. They try and help all the students who are in need of any financial assistance so that their education is not compromised.

The university provides quality education to its students so that they can excel in their life ahead. Around 91% of applicants receive financial aid from the university in the form of work-study programs, Stafford loans, private scholarships, and private loans.

BU also provide health insurance to their students. Baylor University has a committed team of professional individuals who are eager to assist and help you understand the process. 

Scholarships

Gift aid awarded to qualified full-time undergraduate and graduate students admitted as freshmen. Eligibility is based on high school class rank (or grades if your school does not rank) and SAT/ACT scores. Renewal is contingent upon maintaining the required GPA; award amounts do not increase each year.

Grants

Gift aid awarded to students who meet federal, state, and/or university requirements. Federal grant programs include the Pell and Supplemental Educational Opportunity Grants. The state of Texas provides the Tuition Equalization Grant for its qualified residents.

Educational Loans

Educational loans are low-interest loans that must be repaid. Loans are available through the federal government (the William D. Ford Federal Direct Loan Program) in which eligible students borrow directly from the U.S. Department of Education.

Educational loans are also available from state and private lenders and are known as alternative loans. We encourage you to compare the available loan options before choosing a lender and borrow only what you need. Your student loan payments should be only a small percentage of your salary after you graduate.

Student Employment

Self-help aid does not apply to your bill. Federal Work-Study eligibility does not obligate you to accept a position nor does the award guarantee you a job. Please be aware that the number of students who qualify for Federal Work-Study (FWS) is larger than the number of available positions.

As a result, not all students who are eligible for FWS will become employed. FWS eligible students have priority through the first three weeks of class in the fall semester. If employed, you are eligible to earn up to your award and you will receive a biweekly paycheck for actual hours worked.

If you decline your FWS award in order to receive another type of aid, you are limited to loans and will not be eligible to work on campus for the remainder of the current academic year. Most positions pay minimum wage, which is currently $7.25 per hour.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

22%

State Grant Aid

18%

Institution Grant Aid

96%

Pell Grant

22%

Average Aid Awarded

Federal Grant Aid

$4,810

State Grant Aid

$3,774

Institution Grant Aid

$23,714

Pell Grant

$4,499

The university helps their students to complete their education without any financial obstacle. Money can be an issue for students not to complete their education so the university keeps in mind the situation so that financial assistance can be given to the needy students.

The college offers multiple financial aid opportunities to students. The total aid awarded by the college is $291.238m and 91% of the students receive the aid.

  • As per the records observed, 22% of the students are awarded Federal Grant Aid which adds up to at a normal of $4,810.

  • Almost 18% of the students receive State Grants Aid which amounts to $3,774.

  • 96% of the students are eligible for Institutional Grant Aid of $2,3714.

  • Roughly 22% of the students get Pell Grants which add up to a normal of around $4,499.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$36,399

$30,001 - $48,000

$34,732

$48,001 - $75,000

$32,434

$75,001 - $110,000

$27,991

Over $110,000

$19,903

The university provides students with financial aid, these aid are based on student's family income.

The family income is been divided into five slabs. 

For a student who has a family income ranging from 0 to $30,000, the average federal aid provided is $36,399 whereas a student having a family income ranging from $30,001 to $48,000 the average federal aid is $34,732

The student who has a family income ranging from $48,001 to $75,000 receives $32,434 whereas the student having an annual income ranging from $75,001 to $110,000 gets $27,991. And the student having an annual income range greater than $110,000, the average federal aid provided is $19,903.

Student Loans for Baylor University

Average Loan Amount Average Loan Amount received per year.

$11,254/Year

Students Taking Out Loans

47%

Loan Default Rate

3.6%