Understanding Regent University's Tuition and Costs for Out-of-State Students

Choosing the right university is a significant decision, and understanding the financial implications is a crucial part of the process. For students considering Regent University from outside of Virginia, a clear picture of the out-of-state tuition costs, fees, and available financial aid options is essential. This article provides a comprehensive overview of Regent University's tuition, additional expenses, and financial aid opportunities for out-of-state students.

Regent University: An Overview

Regent University is a private, non-denominational evangelical institution located in Virginia Beach, VA. Known for its Christian atmosphere and military-friendly environment, Regent offers a range of programs with popular areas of study including communications, biblical studies, and theological and ministerial studies. The university provides opportunities for study abroad and mission programs in various locations around the world.

Tuition and Fees

Regent University's tuition is $22,740, making it a more affordable option compared to the national average cost of tuition of $47,097. This figure represents the sticker price, which includes both tuition and fees. Fees can vary by institution and cover various services such as library access, student gym facilities, student centers, technology resources, and campus health centers.

It is important to note that Regent University does not differentiate tuition costs based on residency. Both in-state and out-of-state students pay the same tuition rate of $21,650.

Total Cost of Attendance

When evaluating the cost of attending Regent University, it's important to consider the total cost, which includes the sticker price along with additional expenses such as food and housing, books and supplies, transportation, and personal expenses. At Regent University, the total cost is $34,148. Breaking down these additional costs:

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Room and Board: \$8,010
Books and Supplies: \$1000

Financial Aid Opportunities

Regent University offers various financial aid options to help students manage the cost of education. These options include need-based aid, merit-based aid, scholarships, and student loans. In fall 2023, 74% of first-year students received need-based financial aid.

Need-Based Aid

Need-based financial aid is awarded based on a student's financial situation. In 2023, the average need-based scholarship or grant awarded to first-year students at Regent University was $7,041. Need-based self-help aid, which includes federal loans and work-study, averaged $3,312 for first-year students. Types of need-based scholarships/grants are available.

Regent University met 40% of its students’ financial aid need.

Merit-Based Aid

Merit-based aid, also known as non-need-based aid, is awarded based on academic achievement or specific talents. The average non-need-based scholarship or grant awarded to first-year students at Regent University - excluding any athletic scholarships, if applicable - was $9,229.

Scholarships and Grants

Scholarships and grants are forms of financial aid that do not need to be repaid. Need-based scholarships consider a student's financial status, while merit-based scholarships recognize academic or athletic achievements. Scholarships may also be awarded based on community service, unique hobbies or traits, personal background, or a parent's employer or military affiliation.

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Regent University provides a variety of scholarships and grants, with a total of $65,846,320 in need-based scholarships/grants and $20,501,435 in non-need-based scholarships/grants awarded to all undergraduates.

Student Loans

Student loans are another form of financial aid that can help cover the cost of tuition and other expenses. However, it is important to borrow conservatively and understand the terms and conditions of the loan.

At Regent University, the median federal loan debt among borrowers who completed their undergraduate degree is $24,534. The median monthly federal loan payment (if it were repaid over 10 years at 5.05% interest) for student federal loan borrowers who graduated is $260. Additionally, 5% of graduating students at Regent University took out private loans. Students with private loans had an average of $5,283 in private loan debt at graduation.

The average total indebtedness of the 2024 graduating class was $30,270, with 73% of graduating students having borrowed some type of loan.

Net Price and Affordability

The average net price, which is the actual cost a student pays after taking into account grants and scholarships, is a key factor in determining affordability. At Regent University, the average net price is $20,940.

Additional Costs and Considerations

In addition to tuition, fees, and living expenses, students should also consider potential one-time costs such as professional licensure or certification fees. These costs can be added to the cost of attendance by notifying the Student Financial Aid Office.

Utilizing the Net Price Calculator

Regent University provides a Net Price Calculator to help students estimate their potential financial aid and net price. The calculator requires approximately 8-10 minutes to complete and asks for financial information from the student's last available tax return(s) and W2 form(s). While the Net Price Calculator provides an estimate, it is not a final determination or actual award of financial assistance. To be eligible for and receive an actual financial aid award that includes Federal grants or loans, students must complete the Free Application for Federal Student Aid (FAFSA).

Work-Study Programs and Campus Jobs

Working while in school can help reduce the burden of student loans. Regent University offers work-study programs to qualifying students and campus jobs to students looking to earn money in their free time. Students can check for job openings on the university's in-person or online job boards.

Academic and Campus Life

Regent University has a student-faculty ratio of 20:1. The university offers a variety of learning options including online classes, online undergraduate degrees, summer sessions, and combined institution double degree programs.

On campus, 42% of students are first-generation students. The university has cultural student resource groups and offers disability housing.

Admissions and Graduation

Regent University has a "selective" admissions process. The average SAT composite score for admitted students is 1109, and the average ACT composite score is 22.

After graduation, the median monthly loan payment for student borrowers who completed their degree, if it were repaid over 10 years at a 5.05% interest rate.

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