What it takes to be a “Best-Value”

Elon has never favored the “high price, high discount” model found at other top private universities.

We understand that the cost of a college education is daunting for most families. So Elon has adopted three strategies that favor students and consistently earn top “best-value” rankings for the university.

A reasonable total price

With a lower price than most peer institutions, Elon effectively gives every student a substantial up-front scholarship.

2022-23 Tuition, fees, room & board published rates for peer private universities:
Boston College $80,296
Georgetown University $80,876
Bucknell University $77,104
Wake Forest University $78,780
Villanova University $77,705
Lehigh University $75,820
Santa Clara University $76,771
Vanderbilt University $76,350
Emory University $74,964
Davidson College $72,900
University of Richmond $72,520
Rollins College $71,690
Furman University $70,920
Loyola University Maryland $69,930
Rice University $69,960
Ithaca College $64,060
Butler University $59,720
Creighton University $57,468
Average $72,806
Elon University $56,127


The four-year advantage

College costs overwhelm many students because they take five or six years to graduate. This means higher tuition and housing costs along with delayed entry into the workforce.

Elon’s four-year graduation rate is 79%. A well-managed class schedule allows students to get the courses they need, and credits from the one-month Winter Term, included in the cost of fall tuition, help ensure an on-time graduation.

(Sources: Elon U.; National Center for Educational Statistics, 2012 cohort)

Using tuition to fund what’s most important: learning

The average private college uses more than 50 percent of total tuition revenue to fund financial aid. This tuition discount practice has forced many schools into budgetary crisis.

Elon takes a different approach. With more reasonable costs for tuition, room and board, there is less demand to discount tuition. As a result, Elon is better positioned to use tuition dollars to fund innovative academic programs and student services.