CollegeTuitionData — College Data in Plain English

Baylor University

Waco, TX 76798 — Private Nonprofit

Value Score: 75/100 | ROI Score: -72 | Affordability Score: 35/100

Tuition (In-State): $58,100 | Out-of-State: $58,100

Acceptance Rate: 51.3% | Graduation Rate: 80.1% | Retention Rate: 91.0%

Median Earnings (10yr): $65,793 | Median Debt: $23,000

SAT Average: 1329 | ACT Midpoint: 29

Student Body Size: 14,785 (large)

Pell Grant Recipients: 12.4% | Federal Loan Rate: 31.2%

Average Faculty Salary: $11,998/month

Tuition & Affordability Analysis

In-state tuition at Baylor University is $58,100 per year, which is 47% above the national average for private institutions.

Out-of-state students pay $58,100/year — a premium of $0 over in-state rates. Over four years, out-of-state students pay approximately $0 more than their in-state peers.

Estimated four-year tuition cost: $232,400 (tuition only, not including room, board, and fees).

What You Actually Pay: Net Price by Family Income

The sticker price rarely reflects what families actually pay. After grants and scholarships, here is the average net price by family income bracket at Baylor University:

  • Families earning $0–$30,000: $22,024/year
  • Families earning $30,001–$48,000: $21,530/year
  • Families earning $48,001–$75,000: $33,902/year
  • Families earning $75,001–$110,000: $38,852/year
  • Families earning $110,000+: $47,895/year

Low-income families receive an average discount of $36,076/year, paying just 38% of the sticker price.

Admissions Snapshot

Baylor University has an acceptance rate of 51.3%, placing it in the Moderately Selective (50–70%) category. This means roughly 7,208 students apply each year.

The average SAT score of admitted students is 1329, 25% above the national average. This reflects a strong academic student body.

The ACT midpoint is 29, 38% above the national average.

Graduate Outcomes & Return on Investment

80.1% of students at Baylor University complete their degree, 29% above the national average. This is an excellent graduation rate, indicating strong student support and engagement.

First-year retention rate: 91.0% (12% above the national average). A retention rate above 90% signals high student satisfaction and strong first-year experience programs.

Graduates of Baylor University earn a median salary of $65,793 ten years after enrollment, 61% above the national average. This represents a $30,793/year earnings premium over the average high school diploma holder, or $923,790 in additional lifetime earnings over a 30-year career.

The median student debt at graduation is $23,000, 7% above the national average. On a standard 10-year repayment plan at 5.5% interest, this translates to approximately $250/month, with a total repayment of $30,000 (including $7,000 in interest).

Debt-to-Earnings Ratio: 0.35x. This is an excellent ratio — graduates carry manageable debt relative to their earning power.

Breakeven Point: Based on the earnings premium over high school graduates, a degree from Baylor University pays for itself in approximately 8 years. This is a reasonable investment timeline.

Financial Aid Profile

12.4% of students at Baylor University receive Pell Grants (federal need-based aid for families earning under ~$60,000), 62% below the national average. A lower Pell rate suggests the student body skews toward higher-income families. Merit aid may be more prevalent than need-based aid.

31.2% of students take federal loans, 34% below the national average. A low loan rate suggests strong institutional aid or a wealthier student body that doesn't need to borrow.

Average faculty salary: $11,998/month, 38% above the national average. Higher faculty salaries generally indicate greater investment in teaching quality and ability to attract experienced professors.

Student Body & Campus Diversity

Baylor University enrolls 14,785 undergraduate students. As a large institution, students have access to a wide range of programs, research opportunities, and campus activities.

Diversity Index: 60/100 (higher = more diverse). The campus has moderate diversity.

Student body composition: White 60%, Hispanic 18%, Black 5%, Asian 9%.

Baylor University: Strong Academic Quality and Career Outcomes, High Tuition

Report Card: Overall Grade C-

Baylor University receives an overall grade of C- based on six dimensions:

  • Academics: B-
  • Value: F
  • Outcomes: B+
  • Affordability: D

College Analysis

Baylor University is a Private Nonprofit institution in Waco, TX with approximately 14,785 students. Baylor University has a strong graduation rate and high median earnings for graduates, indicating good academic quality and career outcomes. The university offers a diverse student body, with significant representation from Hispanic and Asian students, reflecting its commitment to inclusivity. Baylor's tuition is high, but the median earnings for graduates after 10 years are substantial, suggesting a good return on investment despite the cost. The university's affordability score is low, indicating that it may not be the most cost-effective option for students.

The Verdict: Is Baylor University Worth It?

With an annual tuition of $58,100 and a negative ROI Score of -72, Baylor University presents a significant financial investment that may be overpriced for many students. While the median earnings 10 years after graduation are a respectable $65,793, the high tuition combined with a median debt of $23,000 means that graduates face a substantial financial burden. To put this in perspective, if a graduate dedicates 10% of their median earnings to debt repayment, it would take over 3.5 years just to pay off the median debt, not accounting for interest or the full cost of attendance. This doesn't even consider the total cost of attendance which includes living expenses, books, and fees, pushing the overall investment much higher. While Baylor offers a strong academic experience, a vibrant community, and good career outcomes for many, the sticker price demands careful consideration. It is not a 'hidden gem' in terms of affordability. For students who receive substantial financial aid or scholarships, the value proposition significantly improves. However, for those paying near full tuition, the return on investment is questionable compared to public university alternatives or even some private peers with lower costs or higher earning potentials. A clear recommendation: Baylor is a good deal only if you secure significant financial aid that substantially reduces the net cost. Otherwise, it's an expensive proposition that requires a strong personal commitment to maximize its career benefits to justify the high price tag.

Return on Investment

Despite the high tuition, the substantial median earnings for graduates suggest that a degree from Baylor University is likely worth the cost for many students.

Debt Reality Check

Median student debt at Baylor University: $23,000. Monthly payment on a standard 10-year plan: $261/month. Total repaid: $31,320 ($8,320 in interest).

Breakeven vs high school diploma: 0.6 years. Debt burden: Low. Salary needed for comfortable repayment: $31,320.

Strengths

  • Strong academic and career outcomes
  • Diverse student body
  • High median earnings for graduates

Weaknesses

  • High tuition rates
  • Low affordability score
  • Not the most cost-effective option for all students

Academic Profile

SAT Average: 1329. ACT Midpoint: 29. Retention Rate: 91.0%.

Baylor University boasts a robust academic profile, particularly renowned for its professional schools and strong pre-professional tracks. The Hankamer School of Business is a standout, offering highly regarded programs in finance, marketing, entrepreneurship, and supply chain management, often placing graduates in top firms. Similarly, the Louise Herrington School of Nursing, located in Dallas, provides exceptional clinical training and consistently high licensure pass rates. For aspiring medical professionals, Baylor's pre-med and pre-health programs are rigorous and well-supported, with a strong track record of placing students into medical, dental, and other health professional schools. The College of Arts & Sciences is the largest division, housing diverse departments from biology and chemistry to political science and English, many offering significant undergraduate research opportunities. Baylor emphasizes a 'teacher-scholar' model, meaning faculty are not only active researchers but also dedicated to undergraduate teaching and mentorship. While specific faculty salary data isn't available, the university's high tuition and private status generally indicate a commitment to attracting and retaining quality faculty who prioritize student success. The Honors College provides an enriched academic experience for high-achieving students, featuring smaller classes, interdisciplinary seminars, and opportunities for thesis research. Programs like University Scholars and Business Fellows offer highly selective, individualized curricula for exceptionally motivated students. Research is a significant component of the Baylor experience, with the Undergraduate Research and Scholarly Achievement (URSA) program funding student projects across disciplines. Study abroad is strongly encouraged, with over 100 programs in more than 30 countries, allowing students to gain global perspectives. Academic support is comprehensive, including a robust tutoring center, writing center, and dedicated academic advisors who guide students through their degree plans and career aspirations.

Financial Aid Guide for Baylor University

Pell Grant recipients: 12.4%. Students taking federal loans: 31.2%.

Navigating financial aid at Baylor University, with its $58,100 tuition, is a critical step for most families. Baylor is generous with institutional aid, primarily through a combination of merit-based scholarships and need-based grants. Merit scholarships are highly competitive and awarded based on academic achievement, leadership, and extracurricular involvement. These can range significantly, from a few thousand dollars annually for strong applicants to substantial awards covering a large portion of tuition for top-tier students (e.g., President's Scholarship, Provost's Scholarship). To be considered for the most significant merit aid, students typically need a strong GPA and, if submitted, competitive test scores. For need-based aid, Baylor requires both the FAFSA and the CSS Profile, allowing them to assess a family's financial situation comprehensively. Need-based aid packages often include Baylor grants, federal Pell Grants (if eligible), Federal Supplemental Educational Opportunity Grants (FSEOG), federal work-study opportunities, and federal student loans. A typical aid package for a student with demonstrated need might combine a $10,000-$20,000 merit scholarship, a $5,000-$15,000 Baylor grant, and $5,500 in federal student loans, plus potential work-study. Families with higher incomes but still significant need might see less grant aid and more loans. Scholarship tips include applying early (especially Early Action) for maximum consideration, meticulously completing all aid applications, and actively seeking external scholarships from local organizations, foundations, and national programs. While Baylor is a private institution, negotiating financial aid can be realistic, particularly if you have received a more favorable offer from a comparable institution. It's crucial to present a clear, polite appeal with supporting documentation to the financial aid office, highlighting any changes in financial circumstances or competing offers.

Hidden Costs at Baylor University

  • Beyond freshman year, off-campus housing can range from $600 to $1,000 per month for rent, utilities, and internet, depending on location and roommates.
  • While freshmen are required to have a meal plan, upperclassmen might opt for a smaller plan or none, but groceries and dining out can still cost $300-$500 per month.
  • Textbooks and course materials are a significant expense, typically running $800-$1,200 per academic year, though digital options can sometimes reduce this.
  • University fees, including technology, health services, and student activity fees, can add an extra $1,500-$2,000 annually on top of tuition.
  • Transportation costs, whether for gas, car maintenance, or flights home, can easily accumulate to $1,000-$3,000 per year, especially for out-of-state students.
  • Parking permits on campus are required for students bringing a car and can cost around $200-$400 per year, depending on the lot.
  • Health insurance, if not covered by a family plan, is mandatory and can cost approximately $2,500-$3,500 annually through the university's student health insurance plan.

Alumni Outcomes & Career Paths

Baylor University graduates are well-positioned for success, particularly within the robust Texas job market, leveraging a strong alumni network and dedicated career services. Major employers actively recruiting Baylor talent span diverse sectors. In financial services, firms like JPMorgan Chase, Bank of America, and Deloitte (for consulting roles) are frequent destinations. Healthcare is another dominant field, with Baylor Scott & White Health, Houston Methodist, and Texas Children's Hospital consistently hiring nursing, pre-med, and health science graduates. Technology companies such as Dell Technologies, Oracle, and various startups in Austin and Dallas also attract Baylor's engineering and computer science majors. Furthermore, education, energy (ExxonMobil, Chevron), and marketing/advertising agencies frequently employ graduates.

Alumni cluster significantly in the 'Texas Triangle' – Dallas-Fort Worth, Houston, and Austin – but also find opportunities nationally. The Baylor Career Center is highly regarded, offering comprehensive services including resume and cover letter critiques, mock interviews, career fairs (both on-campus and virtual), and access to Handshake for job and internship postings. They also facilitate industry-specific networking events and workshops. Internship pipelines are strong, with students securing placements at companies like EY, PwC, Texas Instruments, and various government agencies, often leading to full-time offers. Many students also pursue graduate studies, with strong placement rates into medical schools (e.g., Baylor College of Medicine, UT Southwestern), law schools (e.g., Baylor Law School, UT Law), and top-tier MBA programs. Notable alumni include Chip and Joanna Gaines (Magnolia), Robert Griffin III (NFL), and numerous leaders in business, law, and medicine, underscoring the university's broad impact and the quality of its graduates.

Campus Life & Culture at Baylor University

Baylor's student body is predominantly Christian, drawing a significant number of students from Texas, but also a growing population from across the U.S. and internationally. Students who thrive here are typically academically driven, community-minded, and appreciate a campus culture that integrates faith and learning. It's a place for those who seek a strong sense of belonging and are eager to engage in a spirited, service-oriented environment.

Life at Baylor University is deeply shaped by its vibrant Christian identity and strong sense of community, creating a unique 'Baylor Bubble' that many students cherish. The campus culture is spirited, especially around athletics, with the 'Sic 'Em Bears' cheer echoing through McLane Stadium on football Saturdays. A quintessential freshman experience is participating in the 'Baylor Line,' where new students, clad in matching jerseys, run across the field before kickoff to form a human tunnel for the football team. This tradition immediately fosters a sense of belonging and school pride. While Baylor is a dry campus, the social scene is far from dull. Students find entertainment through hundreds of student organizations, ranging from academic and service groups to faith-based ministries and intramural sports. Greek life is active, with about 30% of students participating in fraternities and sororities, focusing heavily on philanthropy, leadership, and social events that align with the university's values. On-campus events are frequent, including concerts, speakers, and the beloved 'Dr Pepper Hour' every Tuesday, offering free Dr Pepper floats – a nod to Waco's heritage. Housing is required for freshmen, with options ranging from traditional dorms to modern residential colleges like Brooks College or North Russell, which offer living-learning communities. These provide a built-in social network and academic support. Dining options are plentiful, with multiple dining halls, cafes, and retail eateries across campus, catering to diverse tastes and dietary needs. Beyond campus, Waco offers a growing array of attractions, from the popular Magnolia Market at the Silos to outdoor activities along the Brazos River, providing students with off-campus exploration opportunities. The overall vibe is one of warmth, community, and a shared commitment to faith and academic excellence, making it a place where students often form lifelong friendships.

Campus Highlights

  • The 'Baylor Line' tradition, where freshmen run across the football field to welcome the team, fostering immediate school spirit.
  • McLane Stadium, a stunning, modern football stadium situated beautifully on the banks of the Brazos River.
  • A strong, supportive Christian community that integrates faith into academics and campus life, appealing to students seeking this environment.
  • The beloved 'Dr Pepper Hour' every Tuesday, offering free Dr Pepper floats and a unique campus social tradition.
  • Beautiful, historic campus architecture, including iconic buildings like Pat Neff Hall and the Armstrong Browning Library.
  • Extensive undergraduate research opportunities across all disciplines, empowering students to engage in scholarly work early in their careers.
  • The vibrant and growing city of Waco, offering unique attractions like Magnolia Market, a revitalized downtown, and outdoor activities along the Brazos River.

Location & Regional Advantages

Baylor University's location in Waco, Texas, offers a unique blend of small-city charm and strategic proximity to major economic hubs, significantly influencing post-graduation career opportunities. While Waco itself has a growing local job market, particularly in healthcare (Baylor Scott & White), education, and the burgeoning tourism/retail sector (driven by Magnolia Market), its primary advantage lies in its central position within the 'Texas Triangle.' Waco is approximately 1.5 hours from Dallas-Fort Worth, 1.5 hours from Austin, and 3 hours from Houston. This allows Baylor students and graduates easy access to the vast internship and job markets of these metropolitan areas without the high cost of living associated with residing directly within them.

The cost of living in Waco is considerably lower than in Texas's major cities, making it an attractive place for students to manage expenses during their studies. The quality of life in Waco is characterized by a strong sense of community, access to the Brazos River for recreation, and a growing downtown area with diverse dining and entertainment options. The weather features hot summers and mild winters, typical of Central Texas. While campus safety is a priority, students should be aware of general urban safety considerations. Ultimately, Baylor's location means that while the immediate Waco job market is limited, the university acts as a gateway to the dynamic and diverse industries of Texas's largest cities, providing graduates with a broad spectrum of career paths in finance, tech, healthcare, energy, and more, all within a reasonable commute.

How to Get Into Baylor University

Gaining admission to Baylor University, with an admission rate of 51.3%, requires a thoughtful and strategic approach. While competitive, it's not hyper-selective, meaning strong applicants have a good chance. Baylor places significant emphasis on a holistic review, valuing not just academic prowess but also character, leadership, and alignment with the university's Christian mission. Applying Early Action (EA) by the November 1st deadline is highly recommended. It demonstrates strong interest, provides an earlier decision, and often gives applicants the best shot at merit scholarships. Early Decision (ED) is a binding option for students who are certain Baylor is their top choice and can further boost admission chances. The admissions office values a rigorous high school curriculum, strong grades, and consistent performance. While specific SAT/ACT averages are not provided, competitive applicants typically present GPAs in the 3.7-4.0 range (unweighted) and, if submitting scores, would aim for an SAT score of 1250-1400 or an ACT composite of 28-32. Baylor is test-optional, so if your scores don't reflect your academic ability, you can choose not to submit them, making your GPA, essay, and extracurriculars even more critical. Your Common Application essay and Baylor-specific supplement are crucial opportunities to showcase your personality, intellectual curiosity, and how you envision yourself contributing to the Baylor community. Essays that reflect on personal growth, service, leadership, or how your values align with Baylor's mission tend to resonate well. Demonstrated interest is very important; visiting campus, attending virtual events, engaging with admissions counselors, and applying early all signal your enthusiasm. Ensure your application highlights leadership roles, community service, and any experiences that demonstrate your commitment to a faith-integrated learning environment. Aim to submit your application well before the final deadlines to ensure full consideration for both admission and financial aid.

How Baylor University Compares to Similar Schools

Similar schools: Southern Methodist University (SMU), Texas Christian University (TCU), University of Tulsa, Wake Forest University

Advantages

  • Stronger emphasis on Christian faith and community, appealing to students seeking a faith-integrated education.
  • Excellent programs in specific fields like Nursing, Pre-Med, and Business (Hankamer School of Business) with strong regional reputations.
  • More affordable cost of living in Waco compared to Dallas (SMU/TCU) or Winston-Salem (Wake Forest).
  • Strategic central Texas location provides access to Dallas, Austin, and Houston job markets without the direct high cost of living.

Disadvantages

  • Higher sticker price tuition compared to some private peers, and significantly higher than public alternatives.
  • Waco's local job market is less robust and diverse than those of Dallas (SMU/TCU) or larger university towns.
  • Lower overall ROI score compared to some peers, indicating a longer time to recoup educational investment for many.

Best For

  • Prospective students who prioritize high earning potential and strong career outcomes.
  • Students interested in a diverse and inclusive academic environment.

Avoid If

  • Students on a tight budget looking for more affordable options.
  • Those seeking a lower-cost alternative with similar academic quality.

Frequently Asked Questions about Baylor University

How much does it cost to attend Baylor University?

In-state tuition at Baylor University is $58,100 per year, and out-of-state tuition is $58,100 per year. The median student debt at graduation is $23,000.

What is the acceptance rate at Baylor University?

Baylor University has an acceptance rate of 51.3%.

What is the graduation rate at Baylor University?

Baylor University has a graduation rate of 80.1%.

How much do Baylor University graduates earn?

The median earnings for Baylor University graduates 10 years after enrollment is $65,793. With median debt of $23,000, graduates earn roughly 2.9x their debt level annually.

How big is Baylor University?

Baylor University has approximately 14,785 students and is classified as a large institution. It is located in Waco, TX and is a Private Nonprofit institution.

Is Baylor University worth the cost?

Baylor University has an ROI score of -72 out of 100. With in-state tuition of $58,100 per year and median post-graduation earnings of $65,793, the data suggests the return on investment may be below average.

Where is Baylor University located?

Baylor University is located in Waco, TX. It is a Private Nonprofit institution with approximately 14,785 students.

How much student debt do Baylor University graduates have?

The median student debt for Baylor University graduates is $23,000. With median earnings of $65,793 ten years after enrollment, graduates can expect a debt-to-income ratio of 35%.

Is Baylor University a good college?

Baylor University has a graduation rate of 80.1% and median post-graduation earnings of $65,793. High median earnings for graduates ($65,793 after 10 years)

How does Baylor University compare to similar colleges?

Strong graduation rate (80.07%) Compared to peer institutions, Baylor University offers a strong academic and career outcome, but its high tuition may not be the most cost-effective option.

What career prospects do Baylor University graduates have?

Graduates from Baylor University are well-positioned for successful careers, with high median earnings and strong job prospects.

What should prospective students know about Baylor University?

Baylor University holds a strong market position in providing quality education and career opportunities, but its high tuition may limit its appeal to some students.

What makes Baylor University stand out?

High tuition rates ($58,100 out-of-state)

What are the pros and cons of attending Baylor University?

Diverse student body with significant Hispanic and Asian representation

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Analysis based on U.S. Department of Education data. Not enrollment advice. Verify information with the institution directly.