In 2022, tuition for full-time students at Illinois Wesleyan University was $53,610 a year.
In 2022, tuition increased 2.49%–from $52,308 the prior year. Usually, college tuition goes up about 3% every year.
If these numbers feel scary, remember, the total cost of tuition isn't necessarily what you will have to pay to attend a school. Many students find the actual cost of college is a lot less than the sticker price after grants, scholarships, and tuition discounts are awarded. Plus, student loans can make theprice of collegemore manageable until you've finishing school and found a job.
Illinois Wesleyan University is a private, nonprofit institution, which means it has the same tuition for students from Illinois as it does for residents from other states.
Public schools receive funds from the state to help them cover costs. Public, state schools can offer lower tuition for students who meet the requirements for in-state residency.
Choosing a college where you are eligible for in-state tuition can drastically reduce the overall cost of college. Be sure to confirm your state's requirements for as an in-state resident. 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 additional requirements as well, depending on where you live.
Illinois Wesleyan University has the same tuition for international students as for those from out of state.
International students are not eligible for federal financial aid, but may be eligible for private or Illinois Wesleyan University-specific aid and 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 estimating the cost of attendance for college. Let's take a look at what impacts these costs, and what to expect at Illinois Wesleyan University.
Housing and campus dining at Illinois Wesleyan University is $12,418 a year. This includes the cost of living in dorms or other on-campus housing, plus a dining plan that enables you to eat all or some of your meals the school dining facilities. Students who do not live on-campus but would like to be able to eat in the campus dining can choose to be on a meal plan. The cost of board-only is $7,774.
Meal-plan costs vary based on on the numnber of meals you intend to eat on-campus
The cost of books often surprises first-year college students. The actual 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 books from students who have already taken the course.
The majority of colleges also have fees to offsets cost associated with maintaining facilties, like the computer labs and libraries, athletic facilities, and more.
There may be additional fees associated with participating in certain activities, like joining a fraternity or sorority, or playing on an intramural sports team. Most colleges have resources so that those with demonstrated need to get help covering these fees.
The cost of getting around in college can really vary. Will you take a subway, car or an airplane to get to school? Will you need to pay to park on-campus? Is the campus small enough that you can easily walk from class-to-class?? Do you own a car, or are you planning to use busses, subways, or other modes of transportation? All of these factors can drastically impact your estimated cost of transportation. Keeping in mind, first-year students are allowed to park a car on campus.
A school's location can also have a big effect on 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 other hand getting around in a city might be costly, but there may be more trains, busses or affordable flights to actually get to school. The Illinois Wesleyan University campus is in a suburban setting in Illinois.
When you're planning for college, be sure to leave some room in your budget for personal expenses, like entertainment, clothes, furnishings and toiletries.
Now, let’s go over all of the costs we've covered, to get a better idea of how much students can expect to shell out for Illinois Wesleyan University.
What will the cost of attending Illinois Wesleyan University be? Here is a breakdown of tuition and expenses.
|2022 Total Tuition and Expenses|
|Room and Board||$12,418|
The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.
|Total Estimated Costs|
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 Illinois Wesleyan University undergrads use financial aid to finance their education. In 2022, 1,215 of the 1,653 undergrads enrolled received financial aid. Illinois Wesleyan University meets 85.7% of the demonstrated financial need for undergraduates.
The average financial aid package for a full-time, first-year student is around $44,073 a year. Around 77% of Illinois Wesleyan University undergrads take out student loans to cover any remaining costs. Illinois Wesleyan University graduates who have student loans graduate with an average of $36,771 of student loan debt.
The average debt for each loan type varies.
|Average Debt By Loan Type|
|Illinois Wesleyan University-Specific Loans||$4,358|
|Most Common Loans for Illinois Wesleyan University Students|
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 Illinois Wesleyan 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 2022, Illinois Wesleyan University awarded 1,215 need-based scholarships to students, giving away total of $41.8 million to help students with financial need cover the cost of school.
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 Illinois Wesleyan 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 Illinois Wesleyan University was $44,073 in 2022. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Illinois Wesleyan University seem more manageable.
|Estimated Net Cost for Full-Time Students|
What will attending Illinois Wesleyan 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 get a better idea of the actual cost of attending that school, based on their financial situation. You can find the Illinois Wesleyan 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.
Illinois Wesleyan University 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 offset the cost of attending. Some colleges offer tuition waivers for employees and their family members, underrepresented students, or military students. Even with a tuition waiver, students are usually responsible for housing, meal plans, and other expenses.
Illinois Wesleyan University has some full or partial tuition waivers available for: - Employees or Children of Employees
Check the financial aid website for more information on payment plans and tuition waivers.
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