#4 Best Private Colleges in Illinois

IWU Tuition & Cost

Bloomington, Illinois

 0 Reviews

How much does it cost to attend?

Sticker Price

Costs for Illinois Wesleyan University
Fee Cost
Books and Supplies$800
Other Fees$204
Room and Board $12,112
Other Expenses Budget$1,700

Annual Tuition & Costs

The annual tuition to attend Illinois Wesleyan University is $52,308. The cost is the same for both in-state and out-of-state students. Room and board fees are an additional $12,112. For educational materials, students should allocate approximately $800 for books and supplies plus $204 for other fees charged by the school. Finally, students should budget $1,700 for miscellaneous expenses throughout the year. With all these fees considered, the expected total cost to attend Illinois Wesleyan University on a full-time basis is $67,124 per annum.

All price data is sourced from the 2021/2022 U.S. Department of Education National Center for Education Statistics survey.
Calculate your admission chances
Calculate your admission chances

Net Price

The average reported annual net price for Illinois Wesleyan University for students receiving grants or scholarship aid was $32,545 in 2019/2020. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

The net price provides a more realistic estimate of the true cost of attending Illinois Wesleyan University, once common grants and scholarships have been taken into account. It's important to note that this net price can fluctuate based on factors such as family income and individual financial need.

Average Net Price 2019/2020

Net Price by Income Illinois Wesleyan University
Family Income Net Price Paid
$0 to $30,000$19,286
$30,001 to $48,000$20,876
$48,001 to $75,000$31,095
$75,001 to $110,000$33,351
Connect with IWU

Engage with counselors on a personal level to demonstrate your interest in their school and get answers to all of your admissions-related questions.

Sponsored by CollegeVine

Financial Aid

100% of full-time undergrad Illinois Wesleyan University received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $30,667 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 68% of students received Federal Student Loans averaging $5,649 and 35% of undergrads took out private student loans averaging $8,920.

Finanical Aid Illinois Wesleyan University
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $30,667 100%
Institutional Grants and Scholarships $28,329 99%
Pell Grants $4,455 21%
Other Federal Grants $597 84%
State and Local Grants $5,254 21%
Federal Student Loans $5,649 68%
Other Student Loans $8,920 35%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Illinois Wesleyan University, we've modeled a ten year student loan with an original principal value of $108,536. The loan balance of $108,536 is a four year multiple of the $27,134 average net price. This is a estimate of what you could owe upon graduation if you were to qualify for average financial aid and what a degree really may cost. Should you not qualify for financial aid, you may owe significantly more when you graduate. Based on these assumptions, a monthly repayment of $1,151 could be required to satisfy your student loan.

Please note that financial aid is not guaranteed and is only available for qualifying students. Federal Student Loans are not grants and must be repaid with interest. The current Stafford loan interest rate is 4.99%.

Example Loan $108,536
Stafford Loan Interest Rate 4.99%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $1,150.66
Total Interest Paid $29,543.47
Sum of All Loan Payments $138,079.47

Projected 4 Year Degree Price

4 Year Sticker Price

Year All Residents
1 $67,124
2 $69,681
3 $72,335
4 $75,090

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Illinois Wesleyan University to be $268,496 - assuming graduation in normal time. The estimation assumes a 3.8% annual increase over the next 4 years which has been the recent trend for this school.

Credit Hour Cost and Price per Class

Credit Hour and Class Costs at Illinois Wesleyan University
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $1,635 $4,905 $6,540

Estimated cost for a class at Illinois Wesleyan University based on published credit hour prices. Note that not all schools allow single class enrollment. These prices should be used for comparison purposes as to how much it may cost to take a class at Illinois Wesleyan University versus other colleges.

Tuition Payment Plans Available

Illinois Wesleyan University Payment Plans
Tuition Payment Plan Yes
Prepaid Tuition Plan No
Alternative Tuition Plan Yes
Guaranteed Tuition Plan No

Costs for Similar Colleges 

Explore costs at colleges similar to IWU

Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=145646 IPEDS survey data for Illinois Wesleyan University.