Worried about paying for college?
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 breaks down as follows:
- 15%-under $40,000
- 24% $40,000 to $79,000
- 25% $80,000 to $119,999
- 15% $120,000 to $15,999
- $21% $160,000 or more
How much does it cost?
About $10,000 less than the average top-100 liberal arts college!
Average Top-100 Liberal Arts College Out-of-state Tuition is $47,893 while Transy Tuition and Fees for the 2017-2018 school year were $37,290
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:
What will my actual cost be?
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 $27,139 a year!
Plus, 98% of students received gift-aid that didn't have to be paid back at all.
And, with more than 350 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.
In the 2015-2016 school year:
- The Average Financial Aid package awarded at Transy was $27,139
- 98% of students received gift-aid
- More than 350 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 $30,514. That's comparable to the average of Kentucky public school borrowers.
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.
Aren't public schools cheaper than private schools?
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.
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.
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?