Private 4 Year

Methodist College of Nursing Tuition & Cost

Peoria, Illinois

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How much does it cost to attend?

Sticker Price
Costs for Methodist College of Nursing
Fee Cost
Books and Supplies$2,300
Other Fees$1,720
Room and Board $12,800
Other Expenses Budget$8,250

Annual Prices

The annual list price to attend Methodist College of Nursing on a full time basis for 2018/2019 is $40,910 for all students regardless of their residency. This fee is comprised of $15,840 for tuition, $12,800 room and board, $2,300 for books and supplies and $1,720 for other fees. Out of state tuition for Methodist College of Nursing is $15,840, 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 Methodist College of Nursing 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 Methodist College of Nursing
Family Income Net Price Paid
$0 to $30,000$34,186
$30,001 to $48,000$37,283
$48,001 to $75,000$33,800
$75,001 to $110,000$35,335

The average reported annual net price for Methodist College of Nursing for students receiving grants or scholarship aid was $32,493 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

67% of full-time undergrad Methodist College of Nursing received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $2,382 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 100% of students received Federal Student Loans averaging $3,053 and 17% of undergrads took out private student loans averaging $6,274.

Finanical Aid Methodist College of Nursing
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $2,382 67%
Institutional Grants and Scholarships $1,000 17%
Pell Grants $2,235 33%
Other Federal Grants $0 0%
State and Local Grants $2,029 33%
Federal Student Loans $3,053 100%
Other Student Loans $6,274 17%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Methodist College of Nursing, we've modeled a ten year student loan with an original principal value of $78,484. The loan balance of $78,484 is a four year multiple of the $19,621 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 $749 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 $78,484
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $748.82
Total Interest Paid $11,374.87
Sum of All Loan Payments $89,858.87

Projected 4 Year Degree Price

4 Year Sticker Price
Year All Residents
1 $40,910
2 $43,774
3 $46,838
4 $50,117

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Methodist College of Nursing to be $163,640 - assuming graduation in normal time. The estimation assumes a 7% annual increase over the next 4 years which is the national trend.

Credit Hour Cost and Price per Class

Credit Hour and Class Costs at Methodist College of Nursing
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $660 $1,980 $2,640

Estimated cost for a class at Methodist College of Nursing 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 Methodist College of Nursing versus other colleges.

Tuition Payment Plans Available

Methodist College of Nursing 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=147129 IPEDS survey data for Methodist College of Nursing.