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 “sticker price” than most peer institutions, Elon effectively gives every student a substantial up-front scholarship.
|2020-21 Tuition, fees, room & board published rates for peer private universities:|
|Wake Forest University||$73,344|
|Santa Clara University||$68,970|
|University of Richmond||$70,290|
|Loyola University Maryland||$66,920|
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 ranks #35 among U.S. News National Universities. 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, 2011 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.