Usually, colleges raise tuition about 3% each year.
Remember, the total cost of tuition isn't necessarily what you will have to pay to attend a school. Many students pay a lot less than the sticker price after grants, scholarships, and tuition discounts kick in. Additionally, student loans can make the amount you do have to pay for college more manageable until after graduation.
The average financial aid package for a full-time, first-year student at Benedictine University is around $28,698 a year.
Graduates in the class of 2023 had an average of $31,419 in student loans per borrower.
Benedictine University is a private, religious institution, which means it has the same tuition for residents of Illinois 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 those who qualify as Illinois residents.
Choosing a college where you qualify for in-state tuition can cut the cost of college tuition. Don't forget to verify your state's rules for in-state tuition. Each state has different requirements to qualify as in-state resident. The most common requirement is that students must have lived in the state for a full year before starting school. There may be additional requirements as well, depending on where you live.
Explore other Illinois colleges
Tuition at Benedictine University is the same for every student.
International students usually do not qualify for for federal financial aid, but may qualify for private or Benedictine University-specific aid and scholarships. International students with need may qualify for the following types of financial support at Benedictine University:
•On-campus jobs •Loans from outsideBenedictine University •Benedictine University-specific scholarships
International students without financial need may be eligible for merit-based institutional scholarships.
Tuition is not the only cost of attending college; room and board, books, transportation and fees are also costs it consider when planning for college. Let's take a look at what impacts these costs, and what to expect at Benedictine University.
Board costs may vary depending on the number of meals you intend to eat on-campus
First-year students are sometimes surprised by how much books and supplies cost–and not in a good way. The real cost of books depends on the courses you take and what kinds of books and materials they require. To save money, many students choose to use books from the library or buy used textbooks and materials.
The majority of colleges also have fees to help cover the cost of facilties, like the computer labs and libraries, athletic facilities, and more.
Keep in mind, there could also be optional fees associated with participating in certain activities, like Greek Life, or participating in sports or other extracurriculars. Many schools offer resources so that those with demonstrated need to find ways to lower or eliminate these costs.
The cost of getting around in college can really vary. Will you take a subway, car or an airplane to get to school? Is on-campus parking free, or will you need to budget for parking? Is the campus walkable? Do you own a car, or are you planning to use busses, subways, or other modes of transportation? All of these factors can make a big difference in your transportation budget. At Benedictine University, freshman are allowed to park on campus.
The location of a college or university can impact transportation costs. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the other hand transportation in a city is usually expensive, but there may be more trains, busses or low-cost flight options to actually get to school. The Benedictine University campus is located in a suburb in Illinois, near Chicago.
When estimating your budget for college, be sure to take into account 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 do a rundown of all of the costs associated with college, to get a better idea of the actual cost of attending Benedictine University.
What will the cost of attending Benedictine University be? Here is a breakdown of tuition and expenses.
2023 Total Tuition and Expenses | |
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The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.
Tuition and fees may vary depending on program, course level, location, and more.
The majority of Benedictine University undergrads use financial aid to finance their education. In 2023, 1,268 of the 2,073 undergrads enrolled received financial aid.
The average financial aid package for a full-time, first-year student is around $28,698 a year. Around 1% of Benedictine University undergrads take out student loans to cover any remaining costs. Benedictine University graduates who have student loans graduate with an average of $31,419 of student loan debt.
The average debt for each loan type varies.
Average Debt By Loan Type | |
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Federal Loans | $25,534 |
Private Loans | $30,982 |
Most Common Loans for Benedictine University Students | |
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Federal Loans | 1% |
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 Benedictine University 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, Benedictine University awarded 844 need-based scholarships to students, giving away total of $10.1 million to help students with financial need cover the cost of school. An additional $27.08 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 Benedictine University 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 Benedictine University was $28,698 in 2023. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Benedictine University seem more manageable.
What will attending Benedictine University 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 Benedictine University'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.
Benedictine University does not have guaranteed tuition.
Students cannot pay tuition in installments. Contact the financial aid office to verify this and discuss options.
Schools sometimes waiver tuition for certain groups, to make attending more affordable. Some colleges offer tuition waivers for faculty, staff, and their families , underrepresented students, or military students. Even if you qualify for a 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.
Benedictine University's endowment was valued at $41.4 million in 2023, compared to a national average of $905 million.
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Data Source: IPEDs and Peterson's Databases © 2022 Peterson's LLC All rights reserved
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