How does Baylor's financial aid work? Also, why do they give in-state tuition?

[Penner]

I'm wondering because I keep hearing about Baylor's in-state tuition, even though it's a private school. Why do they give cheaper in-state tuition then?

Do they give need-based grants to supplement the loans they give? The average debt for Baylor grads is only around $75k! How the hell...

So I guess if the in-state tuition is $6550 and living/academic expenses other than that is $20k~, that would be super cheap... An out-of-stater can get in-state tuition after paying a year of OOS tuition ($19.5k), right?

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[metallica81788]

I'm wondering because I keep hearing about Baylor's in-state tuition, even though it's a private school. Why do they give cheaper in-state tuition then?

Do they give need-based grants to supplement the loans they give? The average debt for Baylor grads is only around $75k! How the hell...

So I guess if the in-state tuition is $6550 and living/academic expenses other than that is $20k~, that would be super cheap... An out-of-stater can get in-state tuition after paying a year of OOS tuition ($19.5k), right?

Baylor is supported by Texas, so it gives IS tuition and its class is about 75% Texan. IS tuition, while cheap, is a good bit more than 6550, though.

You can't get IS tuition after one year unless you buy property or live in Texas one year while working full time without going to school. It's pretty hard to get Texas residency, but Baylor's OOS is still pretty cheap compared to most schools.

 

[KTD]

IS tuition+fees for this year comes out to a little over $15k. The fees are a good bit higher than the tuition itself. This is true for a lot of schools so be wary when you see the "tuition" listed for any school. BCM is a great bargain either way and, like Metallica says, its bc they receive funding from the state.

 

[tnguye11]

Currently, BCM is only giving need-based scholarships. I'm not certain, but I'm pretty sure the need-based scholarship amounts to about $4,000. Also, it is not given as a sliding scale - you are either eligible for that amount or you are not. I hope that answers your question!

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Baylor College of Medicine c/o 2014

 

[peabody2]

IS tuition+fees for this year comes out to a little over $15k. The fees are a good bit higher than the tuition itself. This is true for a lot of schools so be wary when you see the "tuition" listed for any school. BCM is a great bargain either way and, like Metallica says, its bc they receive funding from the state.

If
1) I am a dependent of my parents who are Texas residents as far as Federal Tax return is concerned,
2) I have been living in Texas for my whole life except going to an OOS college for 4 years, and I am still holding my TX driver license that I got when I was a TX high school student,
3) From June 20 to Oct 1 of the application year, I will continue to be a research associate in a lab at my OOS college,
Will I likely be regarded by TMDSAS and BCM as an OOS applicant or an IS applicant?

 

[KTD]

If
1) I am a dependent of my parents who are Texas residents as far as Federal Tax return is concerned,
2) I have been living in Texas for my whole life except going to an OOS college for 4 years, and I am still holding my TX driver license that I got when I was a TX high school student,
3) From June 20 to Oct 1 of the application year, I will continue to be a research associate in a lab at my OOS college,
Will I likely be regarded by TMDSAS and BCM as an OOS applicant or an IS applicant?

Just fill it out and see it what it says. It gives you a decision right then and if you don't like the answer it gives you, you can go back and change your answers to their questions. I went to college out of state and then did a year of research OOS and still was Texas resident.

 

[LRAccord624]

If
1) I am a dependent of my parents who are Texas residents as far as Federal Tax return is concerned,
2) I have been living in Texas for my whole life except going to an OOS college for 4 years, and I am still holding my TX driver license that I got when I was a TX high school student,
3) From June 20 to Oct 1 of the application year, I will continue to be a research associate in a lab at my OOS college,
Will I likely be regarded by TMDSAS and BCM as an OOS applicant or an IS applicant?

KTD is right, but you should be IS. I did the exact same as you and I've always been considered IS for Texas.

Think about it, why would you pay OOS tuition for undergrad, then come home and pay OOS tuition again?