M
Private 4 Year

Moody Tuition & Cost

Chicago, Illinois

 1 Reviews

How much does it cost to attend?

Sticker Price
$29,398
Costs for Moody Bible Institute
Fee Cost
Tuition$11,200
Books and Supplies$932
Other Fees$2,090
Room and Board $10,674
Other Expenses Budget$4,502

Annual Prices

The annual list price to attend Moody Bible Institute on a full time basis for 2018/2019 is $29,398 for all students regardless of their residency. This fee is comprised of $11,200 for tuition, $10,674 room and board, $932 for books and supplies and $2,090 for other fees. Out of state tuition for Moody Bible Institute is $11,200, 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 Moody Bible Institute when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2018/2019
$16,247
Net Price by Income Moody Bible Institute
Family Income Net Price Paid
$0 to $30,000$17,212
$30,001 to $48,000$16,582
$48,001 to $75,000$16,501
$75,001 to $110,000$16,698
$110,000+$16,215

The average reported annual net price for Moody Bible Institute for students receiving grants or scholarship aid was $16,247 in 2018/2019. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

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Costs for Similar Colleges

Financial Aid

91% of full-time undergrad Moody Bible Institute received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $10,664 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 52% of students received Federal Student Loans averaging $5,344 and 7% of undergrads took out private student loans averaging $6,959.

Finanical Aid Moody Bible Institute
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $10,664 91%
Institutional Grants and Scholarships $9,114 88%
Pell Grants $4,582 34%
Other Federal Grants $572 13%
State and Local Grants $0 0%
Federal Student Loans $5,344 52%
Other Student Loans $6,959 7%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Moody Bible Institute, we've modeled a ten year student loan with an original principal value of $53,512. The loan balance of $53,512 is a four year multiple of the $13,378 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 $511 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 $53,512
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $510.56
Total Interest Paid $7,755.62
Sum of All Loan Payments $61,267.62

Projected 4 Year Degree Price

4 Year Sticker Price
$117,592
Year All Residents
1 $29,398
2 $30,645
3 $31,945
4 $33,301

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Moody Bible Institute to be $117,592 - assuming graduation in normal time. The estimation assumes a 4.2% 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 Moody Bible Institute
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $350 $1,050 $1,400

Estimated cost for a class at Moody Bible Institute 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 Moody Bible Institute versus other colleges.

Tuition Payment Plans Available

Moody Bible Institute 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=147369 IPEDS survey data for Moody Bible Institute.