In 2021, tuition for full-time students at Lyon College was $29,900 a year.
Tuition increased 1.53% in 2023–from $29,450 the previous year. Usually, college tuition rises about 3% year.
Remember, the "sticker price" of tuition does not always tell the full story. Many students pay far less than the sticker price after grants, scholarships, and tuition discounts are awarded. And, student loans can make thecost of college more manageable until you've finishing school and found a job.
Lyon College meets 22% of the demonstrated financial need for undergraduates. The average financial aid package for a full-time, first-year student at Lyon College is around $22,473 a year.
In 2020, students graduated with an average of $5,912 in student loans for each student with debt.
Lyon College is a private, religious institution, which means it has the same tuition for residents of Arkansas as it does for students who live in other states.
Public schools receive funds from the state to help them cover costs. These institutions offer reduced tuition for students who are residents of that state.
Choosing a college where you are eligible for the reduced tuition offered to state residentscan drastically reduce the total cost of attending college. Don't forget to confirm your state's requirements for in-state residency. Every state has its own rules about what makes someone eligible for in-state tuition. Most states require students to have resided in the state for a certain period of time before qualifying. There may be other criteria as well, depending on where you live.
Explore other Arkansas colleges
Tuition at Lyon College is the same for each student.
International students usually do not qualify for for loans or grants from the U.S. government, but may qualify for private or school-specific aid and scholarships. International students who demonstrate financial need may qualify for the following types of financial support at Lyon College:
•On-campus jobs •Lyon College-specific scholarships
International students without financial need may be eligible for merit-based institutional scholarships and athletic awards.
In addition to the cost of tuition, there are other costs associated with college, like room and board, facility fees, and books and supplies. Let's take a look at what impacts these costs, and what to expect at Lyon College.
Room and board at Lyon College is $10,750 a year. This number includes the cost of living in dorms or other on-campus housing, plus a dining plan that allows you to eat all or some of your meals the school dining facilities. Students who do not live on-campus but still want to use the dining facilities can pay for a meal plan. The cost of board-only is $5,200.
Board costs may vary depending on the number of meals you intend to eat on-campus
The cost of books often surprises first-year college students. The real cost of books and supplies depends on the courses you take and the textbooks, computer programs, or other materials are required.. To save money, many students choose to use books from the library or buy books from students who have already taken the course.
Most schools also have fees to offsets cost associated with maintaining facilties, like the library, gym and computer labs.
There may be additional fees associated with participating in special activities, like joining a fraternity or sorority, or playing on an intramural sports team. Most colleges offer ways so that those with financial need to get help covering these fees.
The total cost of transportation in college can really vary. Will you drive, fly, or take public transportation to school? Will you need to pay to park on-campus? Is the campus walkable? Do you plan to bring a car or are you planning to use busses, subways, or other modes of transportation? All of these factors can drastically impact your transportation budget. Keeping in mind, first-year students are allowed to park a car on campus.
Where are a college is located can impact the amount you'll have to spend just to get around. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the flip side, getting around in a city is often pricey, but there may be more trains, busses and low-cost flight options to actually get to school. Lyon Collegeis located in a town in Arkansas.
When budgeting for college, be sure to factor in the cost of things like going out to eat or see shows, furnishing your living space, and things like haircuts, clothes and, yes, even toilet paper and shampoo.
Now, let’s go over all of the costs we've covered, to get a better estimate of the actual cost of attending Lyon College.
What will the cost of attending Lyon College be? Here is a breakdown of tuition and expenses.
2023 Total Tuition and Expenses | |
---|---|
Tuition | $29,900 |
Room and Board | $10,750 |
Board Only | $5,530 |
The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.
Total Estimated Costs | |
---|---|
On-Campus | $43,250 |
Off-Campus | $38,030 |
The breakdowns above provide a good estimate of the total cost of attendance before financial aid and scholarships. Tuition and fees may vary depending on program, course level, location, and more.
The majority of Lyon College undergrads use financial aid to to cover the cost of tuition. In 2023, 496 of the 591 undergrads enrolled received financial aid. Lyon College meets 22% of the demonstrated financial need for undergraduates.
The average financial aid package for a full-time, first-year student is around $22,473 a year. Around 46% of Lyon College undergrads take out student loans to cover any remaining costs. Lyon College graduates who have student loans graduate with an average of $5,912 of student loan debt.
The average debt for each loan type varies.
Average Debt By Loan Type | |
---|---|
Federal Loans | $5,912 |
Private Loans | $0 |
Most Common Loans for Lyon College Students | |
---|---|
Federal Loans | 46% |
Most students take out institutional or government loans, because they tend to have lower interest rates and more flexible repayment options than private loans. Loans from the federal government can be subsidized or unsubsidized. Subsidized loans do not accrue interest during school, while unsubsidized loans begin accruing interest at the time the loan is issued. If students do no qualify for enough federal loans to cover the cost of tuition, some take out private loans. Parents can also take out ParentPLUS loans, which are government loans for parents who are helping their children pay for college.
The Free Application for Federal Student Aid (FAFSA) helps colleges determine how much financial need students and their familes have, so they can offer a financial aid package that meets, or come close to meeting, their need. For more information on Lyon College financial aid, keep reading, or visit their financial aid website.
Some students may receive grants and scholarships to help pay for college. Unlike loans, scholarships and grants do not have to be paid back.
In 2023, Lyon College awarded 496 need-based scholarships to students, giving away total of $11.2 million to help students with financial need cover the cost of school. An additional $6.58 million in merit-based scholarship money was awarded to students without demonstrated financial need.
The net price of college is the actual cost of attending a school for one year. Net cost is calculated by subtracting any scholarships, grants or other aid that does not need to be paid back from the total cost. Student loans are not part of the calculation, because they need to be repaid.
Now that we have a sense of the total estimated costs for Lyon College students, we can subtract the average financial aid package to find the estimated net cost. Net cost can vary depending on a students’ need and the financial aid award received.
When considering whether a school fits your budget, it is important to consider the estimated net cost, not just the sticker price of tuition. Often, schools with the highest tuition also offer the most generous aid packages, so estimate your net cost before eliminating a school because it does fit your budget.
The average amount of financial aid received by a full-time first year student with demonstrated need at Lyon College was $22,473 in 2023. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Lyon College seem more manageable.
Estimated Net Cost for Full-Time Students | |
---|---|
On-Campus | $20,777 |
Off-Campus | $15,557 |
What will attending Lyon College really cost you? The answer depends on several factors.
As of 2011, colleges are required to have a net price calculator on their website to help prospective students and their families understand the actual cost of attending that school, based on their financial situation. You can find the Lyon College's net cost calculator on their website.
Some students choose to use payment plans to make the cost of tuition fit more comfortably in their budget.
Lyon College does not have guaranteed tuition.
Lyon College offers an Installment Payment Plan, which allows students to pay tuition in a series of smaller chunks instead of one lump sum.
Schools sometimes offer tuition waivers to certain groups, to reduce the total cost of attendance. Some schools offer tuition waivers for employees and their family members, underrepresented students, or military students. Even with a tuition waiver, other expenses and fees are the responsibility of the student.
Check the financial aid website for more information on payment plans and tuition waivers.
An endowment is the total value of a school's investments, donations, and assets. Endowment is not necessarily an indicator of the quality of a school, but it can give you a sense of how much money a college can afford to invest in expanding programs, improving facilities, and supporting students.
For more information about Lyon College's endowment, check with the school directly. For each full-time student, Lyon College spends about $39,985 a year.
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Tuition & Fees
$43,250
In State$43,250
Out-of-StateStudents Who Receive Need-Based Aid
Average Financial Aid Package
Data Source: IPEDs and Peterson's Databases © 2022 Peterson's LLC All rights reserved
Total Enrollment
Campus Setting
Acceptance Rate
Fall Freshmen
Application Deadline
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