#21 Best Private Colleges in Illinois

McKendree University Tuition & Cost

Lebanon, Illinois

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How much does it cost to attend?

Sticker Price
Costs for McKendree University
Fee Cost
Books and Supplies$1,000
Other Fees$1,100
Room and Board $9,920
Other Expenses Budget$2,550

Annual Prices

The annual list price to attend McKendree University on a full time basis for 2018/2019 is $45,110 for all students regardless of their residency. This fee is comprised of $30,540 for tuition, $9,920 room and board, $1,000 for books and supplies and $1,100 for other fees. Out of state tuition for McKendree University is $30,540, the same as Illinois residents.

All price data is sourced from the 2019/2020 U.S. Department of Education National Center for Education Statistics survey.
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Net Price

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

Average Net Price 2018/2019
Net Price by Income McKendree University
Family Income Net Price Paid
$0 to $30,000$15,184
$30,001 to $48,000$16,659
$48,001 to $75,000$19,851
$75,001 to $110,000$23,434

The average reported annual net price for McKendree University for students receiving grants or scholarship aid was $21,764 in 2018/2019. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

Costs for Similar Colleges

Financial Aid

100% of full-time undergrad McKendree 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 $21,203 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 61% of students received Federal Student Loans averaging $5,856 and 9% of undergrads took out private student loans averaging $10,338.

Finanical Aid McKendree University
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $21,203 100%
Institutional Grants and Scholarships $18,103 100%
Pell Grants $4,717 36%
Other Federal Grants $872 11%
State and Local Grants $4,520 29%
Federal Student Loans $5,856 61%
Other Student Loans $10,338 9%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to McKendree University, we've modeled a ten year student loan with an original principal value of $63,512. The loan balance of $63,512 is a four year multiple of the $15,878 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 $606 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 $63,512
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $605.97
Total Interest Paid $9,204.94
Sum of All Loan Payments $72,716.94

Projected 4 Year Degree Price

4 Year Sticker Price
Year All Residents
1 $45,110
2 $46,726
3 $48,401
4 $50,135

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at McKendree University to be $180,440 - assuming graduation in normal time. The estimation assumes a 3.6% 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 McKendree University
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $990 $2,970 $3,960

Estimated cost for a class at McKendree 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 McKendree University versus other colleges.

Tuition Payment Plans Available

McKendree University Payment Plans
Tuition Payment Plan Yes
Prepaid Tuition Plan No
Alternative Tuition Plan Yes
Guaranteed Tuition Plan No

Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=147013 IPEDS survey data for McKendree University.