Waco, Texas Colleges: Costs & Earnings (2026 stats)
TL;DR
EDsmart Data analysis of 2024 College Scorecard data for Waco, Texas shows: median public in-state tuition $7,212 (+30.8% vs national median) median 10-year earnings $65,793 (+21.1% vs U.S.) employment-outcome proxy 92.0% working & not enrolled at 8 years median graduate debt $10,000 (-25.6% vs U.S.) 30,075 students enrolled statewide.
Key Facts
- Institutions in this profile: 4 campuses
- Total college enrollment: 30,075 students
- Median public in-state tuition: $7,212 (+30.8% vs U.S.)
- Median earnings 10 years after entry: $65,793 (+21.1% vs U.S.)
- Working & not enrolled (8-yr cohort proxy): 92.0% (+4.1 pp vs U.S.)
- Median net price: $18,324 (+83.8% vs U.S.)
- Median student debt at graduation: $10,000 (-25.6% vs U.S. $13,432); regional median $11,012
- Average completion rate (institutions in state): 80.0%
- Median first-year retention (full-time, 4-yr): 91.0%
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Overview
EDsmart Data summarizes higher-education outcomes for campuses in Waco, Texas—costs, debt, enrollment, completion, earnings, and standout institutions—against Texas and U.S. medians from the College Scorecard.
Waco vs Texas & national benchmarks
Medians aggregate institution-level College Scorecard fields unless noted. Enrollment is total undergraduate headcount summed across reporting campuses.
| Geography | In-state tuition | Net price | Median debt | Completion rate | Enrollment |
|---|---|---|---|---|---|
| Waco, Texas | $7,212 | $18,324 | $10,000 | 80.0% | 30,075 |
| Texas (state median) | $3,555 | $8,031 | $10,667 | 45.2% | 1,239,434 |
| United States | $5,512 | $9,967 | $13,432 | 50.3% | 14,484,370 |
Earnings & employment outcomes: Waco, Texas vs benchmarks
Scorecard does not publish formal job-placement rates. We use the share of the 8-year cohort reported as working and not enrolled (working ÷ working + not working) as a federal employment-outcome proxy. 2-yr and 3-yr default rates are federal cohort default shares (0–1 scale). We show 2-yr default as the primary benchmark; 3-yr default appears only when enough campuses report non-suppressed values (otherwise —). 3-yr repayment progress is the share of completers making progress on loans after 3 years. Sample: bachelor's-predominant institutions with enrollment ≥ 200. Medians pool campus-level values.
| Geography | Median earnings (10 yr) | Working & not enrolled (8 yr) | Retention (FT yr 1) | 2-yr default | 3-yr default | 3-yr repayment progress | Debt ÷ earnings |
|---|---|---|---|---|---|---|---|
| Waco, Texas | $65,793 | 92.0% | 91.0% | 4.3% | — | 81.0% | 0.35 |
| Texas (state median) | $54,274 | 89.8% | 69.6% | 6.9% | — | 69.1% | 0.40 |
| United States | $54,323 | 87.9% | 76.3% | 5.0% | — | 73.7% | 0.41 |
Other cities in Texas (3+ campuses)
Other cities in the same state with at least three reporting campuses.
| City | In-state tuition | Net price | Median debt | Completion | Enrollment | Earnings (10 yr) | Working (8 yr) |
|---|---|---|---|---|---|---|---|
| Waco, Texas | $7,212 | $18,324 | $10,000 | 80.0% | 30,075 | $65,793 | 92.0% |
| Houston | $13,920 | $19,701 | $12,000 | 46.7% | 137,564 | $59,224 | 87.5% |
| San Antonio | $11,707 | $20,465 | $9,500 | 50.5% | 111,767 | $56,844 | 90.7% |
| Austin | $23,500 | $21,991 | $9,120 | 44.6% | 82,274 | $59,854 | 89.8% |
| Dallas | $17,666 | $22,800 | $13,000 | 45.8% | 62,329 | $42,091 | 86.2% |
| Fort Worth | $11,934 | $24,181 | $15,500 | 31.5% | 57,100 | $61,238 | 90.7% |
| El Paso | $9,744 | $15,578 | $11,000 | 65.5% | 50,606 | $50,923 | 89.2% |
| Denton | $9,974 | $15,649 | $19,218 | 54.9% | 43,336 | $56,777 | 90.6% |
| Lubbock | $20,196 | $21,763 | $12,618 | 60.0% | 35,638 | $62,454 | 92.4% |
| United States | $5,512 | $9,967 | $13,432 | 50.3% | 14,484,370 | $54,323 | 87.9% |
Top 10 colleges in Waco, Texas by graduation rate (150% time)
Ranked by 150% time completion rate (4-year bachelor's-predominant institutions, enrollment ≥ 500). Higher rate = more students finishing within 150% of normal time.
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Rank 1, Graduation Rate, 80.0%, Baylor University
Baylor University
Top 10 colleges in Waco, Texas by employment outcome (8 yrs after entry, working & not enrolled)
Ranked by share of the 8-year cohort reported as working and not enrolled — a federal outcome proxy, not a verified job-placement rate. Enrollment ≥ 500.
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Rank 1, Employment Outcome, 92.0%, Baylor University
Baylor University
Top 10 most selective colleges in Waco, Texas (lowest admission rate)
Ranked by lowest admission rate (most selective first). Bachelor's-predominant four-year institutions with enrollment ≥ 500 and a reported admission rate.
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Rank 1, Admission Rate, 51.3%, Baylor University
Baylor University
Top 10 colleges in Waco, Texas by entry-level earnings (1 yr post-completion, program)
Ranked by median program-level earnings one year after completion (highest first). Enrollment ≥ 300; reflects completers in reported CIP programs, not all entrants.
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Rank 1, Entry-Level Earnings, $84,271, Baylor University
Baylor University
Top 10 colleges in Waco, Texas by early-career earnings (4 yr post-completion, program)
Ranked by median program-level earnings four years after completion (highest first). Enrollment ≥ 300; program cohort, not institution-wide median.
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Rank 1, Early-Career Earnings, $128,411, Baylor University
Baylor University
Top 10 colleges in Waco, Texas by mid-career earnings (6 yrs after entry)
Ranked by median earnings six years after entry (highest first). Bachelor's-predominant institutions with enrollment ≥ 500.
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Rank 1, Mid-Career Earnings, $56,532, Baylor University
Baylor University
Top 10 colleges in Waco, Texas by 8-year earnings (8 yrs after entry)
Ranked by median earnings eight years after entry (highest first). Bachelor's-predominant institutions with enrollment ≥ 500.
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Rank 1, 8-Yr Earnings, $61,504, Baylor University
Baylor University
Top 10 colleges in Waco, Texas by long-term earnings (10 yrs after entry)
Ranked by median earnings ten years after entry (highest first). Bachelor's-predominant institutions with enrollment ≥ 500.
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Rank 1, 10-Yr Earnings, $65,793, Baylor University
Baylor University
Top 10 colleges in Waco, Texas by 10-year ROI
Ranked by 10-year return on investment (highest first). Bachelor's-predominant institutions with enrollment ≥ 200 and a computed ROI in the EDsmart dataset.
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Rank 1, 10-Yr ROI, $96,786, Baylor University
Baylor University
Top 10 most affordable colleges in Waco, Texas (net price)
Ranked by lowest average net price (most affordable first). Uses overall net price, or mid-income bracket net price for public schools when available. Enrollment ≥ 300.
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Rank 1, Net Price, $41,104, Baylor University
Baylor University
Top 10 colleges in Waco, Texas by first-year retention (full-time)
Ranked by first-year, full-time retention rate (highest first). Bachelor's-predominant four-year institutions with enrollment ≥ 500.
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Rank 1, First-Year Retention, 91.0%, Baylor University
Baylor University
In-state tuition: Waco, Texas vs benchmarks
Sticker price
Waco, Texas median in-state tuition is $7,212, +30.8% vs the U.S. median.
Student debt: Waco, Texas vs benchmarks
Borrowing
Median debt at graduation in Waco, Texas is $10,000 (-25.6% vs U.S. median $13,432). Regional median: $11,012.
Median earnings (10 years out): Waco, Texas vs benchmarks
Payoff
Median earnings 10 years after entry for bachelor's-predominant campuses in Waco, Texas center around $65,793 (+21.1% vs U.S.).
Median institution-level 10-year earnings. Source: College Scorecard.
Employment outcome proxy: Waco, Texas vs benchmarks
Working & not enrolled
The share of the 8-year cohort reported as working and not enrolled—our Scorecard employment proxy—is 92.0% at the median Waco, Texas campus (+4.1 pp vs U.S.).
Percent of 8-year cohort working and not enrolled (not a formal placement rate).
Analysis & insights
EDsmart Data aggregates institution-level College Scorecard data for this profile. Highlights below compare local medians to U.S. and regional benchmarks.
Costs & borrowing
Waco, Texas median public in-state tuition is $7,212, about +30.8% vs the national median. Versus the Southwest region, tuition is +95.7%.
Median graduate debt is $10,000 (-25.6% below the U.S. median of $13,432). Low sticker prices do not always mean low borrowing—living costs, time-to-degree, and aid mix matter.
Earnings, employment & retention
Among bachelor's-predominant campuses with ≥200 students, median 10-year earnings in Waco, Texas are $65,793, about +21.1% vs the U.S. campus median ($54,323).
The median campus reports 92.0% of its 8-year cohort as working and not enrolled—our closest federal proxy to a placement rate. The U.S. campus median is 87.9% (+4.1 pp). Formal job-placement statistics are not published in Scorecard; treat this as a comparative outcome indicator, not a hire guarantee.
First-year, full-time retention at the median campus is 91.0% vs a U.S. median of 76.3%—a leading indicator for completion and time-to-degree.
Loan repayment indicators at the median campus: 2-yr default 4.3% (U.S. 5.0%); 3-yr repayment progress 81.0% (U.S. 73.7%). 3-yr default is omitted when most campuses report suppressed zeros.
Top employment-outcome campuses in this extract include Baylor University (92.0%)—useful anchors for local reporting on where graduates are most often working rather than still enrolled.
Completion & workforce context
Average institution-level completion rate across all sectors in Waco, Texas is 80.0% (national institution average about 50.3%).
FAQ
How many colleges are in Waco?
EDsmart Data analysis: this city profile covers 4 campuses in Waco, Texas with College Scorecard cost or outcomes data.
How much does college cost in Waco?
EDsmart Data analysis: median in-state tuition in Waco is $7,212 and median net price is $18,324. For Texas overall, medians are $3,555 and $8,031; U.S. medians are $5,512 and $9,967.
What do graduates earn in Waco?
EDsmart Data analysis: median 10-year earnings for campuses in Waco is $65,793 vs $54,274 for Texas and $54,323 nationally.
What is student debt like for Waco colleges?
EDsmart Data analysis: median completer debt in Waco is $10,000 vs $10,667 for Texas and $13,432 nationally.
What are the best colleges in Waco?
EDsmart Data analysis: top campuses on this page include Baylor University (graduation) and Baylor University (10-yr earnings). See Top 10 lists for admission, affordability, and employment metrics.
Are there HBCUs, Hispanic-serving, tribal, or religious colleges in Waco?
EDsmart Data analysis: among 4 campuses in Waco, Texas, 3 campuses with at least 25% Hispanic enrollment in College Scorecard demographics—a common Hispanic-serving institution (HSI) eligibility proxy; examples include McLennan Community College, Texas State Technical College, and Southern Careers Institute-Waco; 1 religiously affiliated private nonprofit campus (IPEDS RELAFFIL); most common affiliations: Baptist (1).
Sources & related
- Texas college profile
- All college profiles
- National benchmarks
- U.S. Department of Education, College Scorecard
- Download: JSON