A Great Value

Worried about paying for college?

Don't be.

We know college is a major expense for most families. So we've taken great steps toward minimizing that cost to make Transylvania affordable.

Let us explain.


 

There's no way I can afford Transylvania, right?

Actually, you can! Transy students come from all socioeconomic backgrounds.

 

Family Income Distribution of Transy Students

Family income distribution of Transy Students breaks down as follows:

  • 18%-under $40,000
  • 24% $40,000 to $79,000
  • 23% $80,000 to $119,999
  • 15% $120,000 to $15,999
  • $20% $160,000 or more

 

How much does it cost?

Almost $10,000 less than the average top-100 liberal arts college!

 

Average Top-100 Liberal Arts College Out-of-state Tuition: $44,160 | 2015-16 Transy Tuition and Fees: $34,370

Average Top-100 Liberal Arts College Out-of-state Tuition is $44,160 while Transy Tuition and Fees for the 2015-2016 school year were $34,370

 

That's better than I thought! But it's still too expensive for me.

It may look that way on the surface, but Transy is much more affordable than you think.

Here's how it works:

 

Sticker Price minus Merit scholarships (from $7,000 to full tuition) minus Federal Grants (up to $5,645) minus student loans equals actual cost

What will my actual cost be?

It depends.

The actual cost is different for each family based on need, merit and other criteria. But to give you an idea, last year's average financial aid package for incoming students was $26,643 a year!

Plus, 98% of students received gift-aid that didn't have to be paid back at all.

And, with more than 400 work-study and on-campus jobs for students and countless more opportunities steps from your front door in downtown Lexington, there are ample ways to further cut down that cost or just put some extra cash in your wallet.

 

$26,643 - Average Financial Aid package 2015-16 | 98% of students received gift-aid | More than 400 work-study and on-campus jobs

In the 2015-2016 school year:

  • The Average Financial Aid package awarded at Transy was $26,643
  • 98% of students received gift-aid
  • More than 400 work-study and on-campus jobs are offered during the school year

But won't I still graduate with $100,000+ in loans?

Not even close.

Of our graduates who take out loans, the average overall debt is only $26,937. That's 15% less than the national average of private school borrowers.

We're not just competitive with private schools, either. Our average student loan debt is lower than the average Kentucky public university.

And because our students have success finding well-paying jobs when they graduate, our loan default rate is far lower than other private or public colleges. 

 

Student loan debt: 15% Less Debt than the average private school borrower

Average 3-Year loan Default Rates: Transy - 2.6% | Private School Average - 7.0% | Public School Average - 11.4%

 

Aren't public schools cheaper than private schools?

 

Not always.

When comparing costs, look not just at tuition and actual cost, but graduation rate. So even though you think of college as a four-year cost, data shows it's best to plan for more.

 

Only 1 in 3 students graduate in 4 years from a public institution | 4-year Transy Graduation Rate was 71% for the class of 2016

 

Time is money. The earlier you graduate, the earlier you're earning an income or on your way to an advanced degree. And at Transylvania, students are meeting that expectation—95% of our students are employed or in graduate school within six months of graduation.

 


 

The pioneer pledge

We believe so strongly our students will graduate on time that we have the Pioneer Pledge—a four-year guarantee that if you follow the steps and still don't graduate on time, we'll pay for you to finish.

 


 

Alright, I'm convinced. I can do this. Now what?

 

That's easy!

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