Deadline to enroll in the 2023-2024 Guaranteed Tuition Option is July 31, 2023.
Baylor University's Guaranteed Tuition Option offers students the opportunity to lock in a four-year tuition rate instead of paying the regular tuition rate, which is subject to increase annually. Participation in the Guaranteed Tuition Option eliminates uncertainty about the cost of tuition, and it allows students and families to prepare their educational budgets more accurately.
2023-2024 Tuition Rates
Undergraduate students enrolling full-time (12 hours or more) in the Fall of 2023 will be charged one of the following tuition rates:
| |
Semester Rate |
Annual Rate |
| Regular Tuition Rate |
$27,422 |
$54,844 |
| Guaranteed Tuition Option |
$28,867 |
$57,734 |
Students will be charged the regular tuition rate if no election is made. Undergraduate students who lock in the guaranteed rate but enroll in fewer than 12 hours in a fall/spring semester will pay an hourly rate of $2,405 per hour. Students who complete their undergraduate degree and continue their graduate studies at Baylor will also pay the hourly rate of $2,405 per hour during fall or spring semesters as long as it is still within the 48-month program period. The guaranteed hourly rate for summer terms is $1,608 per hour (first effective Summer 2022). Students in need of more than four years (48 months) to complete their Baylor education will be charged tuition at the University's regular rate in the fifth year and in any subsequent years.
Graduation Success Resources
This video series, hosted by Dr. Blaine McCormick, Associate Professor - Management & Entrepreneurship in the Hankamer School of Business, is designed to provide food for thought when planning for your college experience.
Additional financial and graduation success resources are available on our Financial Literacy webpage.
Election to Participate
Election of the 2023-2024 Guaranteed Tuition Option will begin June 1, 2023 and the deadline to elect is July 31, 2023 (Fall due date). During the enrollment period, students may enroll by logging into BearWeb > Student Financial Resources > Guaranteed Tuition Option.
By electing to participate in the Guaranteed Tuition Option, students choose to pay a tuition rate which is initially higher than the regular rate. However, the guaranteed tuition rate is fixed and will not increase over the 48-month enrollment period. A student who graduates and continues his/her graduate studies at Baylor during the 48-month enrollment period will continue to be charged tuition at the guaranteed hourly rate during the period.
Cancellation
Enrollment in the Guaranteed Tuition Option may be canceled at any time by contacting Student Accounts. Notice received within the first two weeks of a semester will terminate the election effective that semester. When notice is received after the first two weeks of a semester, termination will become effective (and the student will be charged the regular tuition rate) beginning the following semester.
Historical Tuition Rates
Baylor University's regular tuition rates for the last several years are provided below:
Academic
Year |
Flat
Tuition Rate |
Hourly
Tuition Rate |
Annual
% Increase |
| 2023-24 |
$54,844 |
$2,285 |
6.00% |
| 2022-23 |
$51,738 |
$2,154 |
3.00% |
| 2021-22 |
$50,232 |
$2,093 |
12.75%* |
| 2020-21 |
$44,544 |
$1,856 |
4.00% |
| 2019-20 |
$42,842 |
$1,785 |
4.00% |
| 2018-19 |
$41,194 |
$1,716 |
4.00% |
| 2017-18 |
$39,610 |
$1,650 |
4.25% |
| 2016-17 |
$37,996 |
$1,583 |
4.50% |
| 2015-16 |
$36,360 |
$1,515 |
5.45% |
| 2014-15 |
$34,480 |
$1,437 |
5.85% |
| 2013-14 |
$32,574 |
$1,357 |
6.50% |
| 2012-13 |
$30,586 |
$1,274 |
6.50% |
| 2011-12 |
$28,720 |
$1,197 |
6.50% |
| 2010-11 |
$26,966 |
$1,124 |
6.50% |
*Note, the General Student Fee (GSF) was removed as a separate charge beginning with the 2021-22 academic year and was combined with the flat rate tuition amount.
New rates for students who have elected GTO prior to the University combining the Tuition and General Student Fee*
| Entering Cohort |
Original GTO
Rate (Annual) |
New GTO
Rate (Annual) |
New GTO
Rate (Semester) |
New GTO Rate
(Hourly Semester) |
New GTO Rate
(Hourly Summer) |
| FY 18/19 |
$43,194 |
$47,896 |
$23,948 |
$1,995 |
$1,350 |
| FY 19/20 |
$45,342 |
$50,044 |
$25,022 |
$2,085 |
$1,417 |
| FY 20/21 |
$47,144 |
$51,846 |
$25,923 |
$2,160 |
$1,473 |
*As a previous GTO student, you will benefit from having the General Student Fee frozen at the rate assessed for the 2020 - 21 academic year, which is $4,702 ($2,351 for Fall/Spring) for the remainder of your participation in the GTO program. As a result, the amount you will pay for the combined General Student Fee and tuition will not increase as you continue your studies at Baylor.
PARTICIPANT ACKNOWLEDGMENTS
2023-2024 Guaranteed Tuition Option participants must acknowledge the following:
- Participants will be charged the 2023-2024 guaranteed tuition rate during the 48-month period beginning in the Fall of 2023 and ending in the Summer of 2027.
- No discount or savings has been promised or guaranteed by the University, and no promise has been made by the University regarding any future tuition rates.
- Students may cancel this election only by submitting a request in writing to the Baylor University Student Accounts office. Notice of termination received within the first two weeks of a semester will become effective that semester; notice of termination received after the first two weeks of a semester will become effective the following semester.
TERMS OF ENROLLMENT
By electing to participate in the Guaranteed Tuition Option, the participant(s) and the University agree to the following terms and conditions:
- Condition of Effectiveness - To be eligible for the Guaranteed Tuition Option, the student must meet the University policies and procedures for admission. If the student has not been admitted as of the date of any signed Agreement, such Agreement shall not become effective unless and until the student has been so admitted.
- Payment - The student shall make payments in accordance with the University payment policy.
- Scope of Agreement - This Agreement covers only tuition charges as defined, from time to time, by the University and in no way limits the University's rights in respect of matters, including University charges, not covered hereby. The benefits of this Agreement are not assignable to any other student, nor may they be utilized for any term beginning 48 or more months after the first term of this Agreement.
- Refunds - If the enrollment of the student is canceled for any reason (including withdrawal, suspension, or expulsion), the amount of any refund of tuition shall be in accordance with the general refund policy of the University. The University reserves the right to offset any amounts refundable hereunder against any other amounts owed by the student. No portion of the guaranteed tuition rate is refundable in any manner other than as described in the University's refund policy, whether or not the participant is able to maintain enrollment at Baylor during the 48-month enrollment period.
For more information about the Guaranteed Tuition Option please contact Student Accounts or call (254) 710-2311.
