T
Private 2 Year

Taylor Business Institute Tuition & Cost

Chicago, Illinois

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How much does it cost to attend?

Sticker Price
$23,800
Costs for Taylor Business Institute
Fee Cost
Tuition$10,350
Books and Supplies$750
Other Fees$300
Estimated Off Campus Cost of Living $7,500
Other Expenses Budget$4,900

Annual Prices

The annual list price to attend Taylor Business Institute on a full time basis for 2020/2021 is $23,800 for all students regardless of their residency. This fee is comprised of $10,350 for tuition, $7,500 room and board, $750 for books and supplies and $300 for other fees. Out of state tuition for Taylor Business Institute is $10,350, 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 Taylor Business Institute when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2019/2020
$12,062
Net Price by Income Taylor Business Institute
Family Income Net Price Paid
$0 to $30,000$12,062
$30,001 to $48,000n/a
$48,001 to $75,000n/a
$75,001 to $110,000n/a
$110,000+n/a

The average reported annual net price for Taylor Business Institute for students receiving grants or scholarship aid was $12,062 in 2019/2020. 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

18% of full-time undergrad Taylor Business 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 $11,145 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 13% of students received Federal Student Loans averaging $6,165.

Finanical Aid Taylor Business Institute
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $11,145 18%
Institutional Grants and Scholarships $0 0%
Pell Grants $5,783 18%
Other Federal Grants $6,256 16%
State and Local Grants $0 0%
Federal Student Loans $6,165 13%
Other Student Loans $0 0%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Taylor Business Institute, we've modeled a ten year student loan with an original principal value of $42,084. The loan balance of $42,084 is a two year multiple of the $21,042 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 $402 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 $42,084
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $401.53
Total Interest Paid $6,099.33
Sum of All Loan Payments $48,183.33

Projected 2 Year Degree Price

2 Year Sticker Price
$47,600
Year All Residents
1 $23,800
2 $25,466

Based on published tuition prices, we estimate the current cost of a 2 year associate degree and living expenses at Taylor Business Institute to be $47,600 - assuming graduation in normal time. The estimation assumes a 7% annual increase over the next 2 years which is the national trend.

Tuition Payment Plans Available

Taylor Business 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=149310 IPEDS survey data for Taylor Business Institute.