#8 Best Private Colleges in Illinois

Knox College Tuition & Cost

Galesburg, Illinois

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How much does it cost to attend?

Sticker Price
Costs for Knox College
Fee Cost
Books and Supplies$900
Other Fees$789
Room and Board $10,170
Other Expenses Budget$1,000

Annual Prices

The annual list price to attend Knox College on a full time basis for 2020/2021 is $62,044 for all students regardless of their residency. This fee is comprised of $49,185 for tuition, $10,170 room and board, $900 for books and supplies and $789 for other fees. Out of state tuition for Knox College is $49,185, the same as Illinois residents.

All price data is sourced from the 2020/2021 U.S. Department of Education National Center for Education Statistics survey.

Net Price

Net price is indicative of what it actually costs to attend Knox College when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2019/2020
Net Price by Income Knox College
Family Income Net Price Paid
$0 to $30,000$15,657
$30,001 to $48,000$12,233
$48,001 to $75,000$17,200
$75,001 to $110,000$22,672

The average reported annual net price for Knox College for students receiving grants or scholarship aid was $23,266 in 2019/2020. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

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Financial Aid

99% of full-time undergrad Knox College received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $37,115 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 58% of students received Federal Student Loans averaging $5,249 and 7% of undergrads took out private student loans averaging $14,226.

Finanical Aid Knox College
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $37,115 99%
Institutional Grants and Scholarships $34,402 99%
Pell Grants $5,000 31%
Other Federal Grants $513 31%
State and Local Grants $5,377 18%
Federal Student Loans $5,249 58%
Other Student Loans $14,226 7%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Knox College, we've modeled a ten year student loan with an original principal value of $88,804. The loan balance of $88,804 is a four year multiple of the $22,201 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 $847 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 2.75%.

Example Loan $88,804
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $847.29
Total Interest Paid $12,870.57
Sum of All Loan Payments $101,674.57

Projected 4 Year Degree Price

4 Year Sticker Price
Year All Residents
1 $62,044
2 $64,487
3 $67,027
4 $69,666

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Knox College to be $248,176 - assuming graduation in normal time. The estimation assumes a 3.9% 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 Knox College
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $5,465 $16,395 $21,860

Estimated cost for a class at Knox College 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 Knox College versus other colleges.

Tuition Payment Plans Available

Knox College Payment Plans
Tuition Payment Plan No
Prepaid Tuition Plan No
Alternative Tuition Plan No
Guaranteed Tuition Plan No

Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=146427 IPEDS survey data for Knox College.