You commit your time, potential, and resources with the belief that the outcome is worth the cost. Taylor is committed to being a shareholder with you in this investment. Knowledgeable faculty, challenging programs, and a caring community are some of the ways we invest in your future. We are also committed to extending our financial resources to make your Taylor education a reality.
Financial need is defined as the difference between a family’s resources and the total cost of attending college. A 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, there are several factors taken into consideration:
The total cost of attending a college includes tuition, fees, room, board, and allowances for books, supplies, and personal/travel expenses.
Students enrolled full-time in either fall or spring will continue to have access to the free-tuition benefit offered during January, worth approximately $3,800 (up to a $15,000 value over four years). The J-term program allows students to accelerate their degrees (the average Taylor University graduate finishes their degree in 3.8 years) or participate in unique global experiences.
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 site. Please contact email@example.com 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 studentloans.gov.
* 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 for books and miscellaneous expenses.
Last year our Financial Aid Office administered more than $51 million in financial aid (of which more than $32 million were Taylor resources). We hope that the resources available here will help you determine what aid is available and how we can assist you in achieving a college education at Taylor.
Learn more about work study opportunities, grants, loans, and scholarships by clicking the following links.
There are two additional types of aid provided to Taylor students: merit-based and need-based.
Students must file the FAFSA to qualify for any Taylor or Federal grants, loans, or work study. All need-based amounts are subject to change based on federal regulations.
Merit-based aid is provided through university scholarship awards based on a test score and GPA point system. Students interested in academic awards must have the required ACT or SAT score and GPA to receive the amount listed. SAT score is calculated by combining the Math and Reading portions of the test. These merit-based awards are renewable with a 3.0 college GPA and available to all incoming freshmen beginning in the fall of 2020.
Use the Net Price Calculator to calculate the contributing source percentages of your personal tuition payment.
To receive need-based aid, you must file the Free Application for Federal Student Aid (FAFSA).
Need-based aid programs include 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 15 each year. The filing deadline for need-based grants from Taylor or the state of Indiana is April 15.
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.
Listen to Taylor alumnus and former Financial Aid Counselor Matthew Klingstedt ’15 answer common questions about the financial aid process.
If you’re looking for more details on how to get started or continue your financial aid processes, check out the following links: