Illinois Wesleyan University

In 2022, tuition for full-time Illinois Wesleyan University students was $55,500 a year.

Tuition increased 3.53% in 2023–from $53,610 the prior year. Usually, colleges raise tuition about 3% each year.

Remember, the "sticker price" of tuition does not always give you all the info you need to know how much you will actually have to pay for college. Many students pay much less than the total tuition after grants, scholarships, and tuition discounts are awarded. Plus, student loans can make the amount you do have to pay out of pocket feel more doable until you're done with college.

Illinois Wesleyan University meets 86% of the demonstrated financial need for undergraduates. The average financial aid package for a full-time, first-year student at Illinois Wesleyan University is around $43,667 a year.

Students in the class of 2023 who had taken out student loans graduated with an average of $38,572 of debt.

In-state vs. Out-of-state Tuition at Illinois Wesleyan University

Illinois Wesleyan University is a private, nonprofit institution, which means it has the same tuition for students from Illinois as it does for residents from other states.

Public colleges and universities receive funding from the state government. Public, state schools can offer lower tuition for students who meet the requirements for in-state residency.

Choosing a college where you qualify for in-state status can cut the cost of college tuition. Take the time to check your state's requirements for in-state tuition. Each state has different requirements to qualify as in-state resident. In many states, students must have lived in the state for 12 months before starting school to qualify for in-state tuition. There may be other criteria as well, depending on where you live.

Explore other Illinois colleges

Is Illinois Wesleyan University's Tuition Different for International Students?

Illinois Wesleyan University has the same tuition for international students as for those from out of state.

International students usually do not qualify for for federal financial aid, but may be eligible for private or Illinois Wesleyan University-specific aid and scholarships.

International students without financial need may be eligible for merit-based institutional scholarships.

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Illinois Wesleyan University Housing Expenses, Fees, and More

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In addition to the cost of tuition, there are other costs associated with college, like room and board, facility fees, and books and supplies. Let's take a look at what impacts these costs, and what to expect at Illinois Wesleyan University.

House and Food Costs at Illinois Wesleyan University

Room and board at Illinois Wesleyan University is $12,880 a year. This covers the cost of living in dorms or other on-campus housing, plus a meal plan that allows you to eat in the Illinois Wesleyan University's on-campus cafeterias and dining halls.

Meal-plan costs vary based on on how many meals are included in the plan you choose.

Cost of Books at Illinois Wesleyan University

First-year students are sometimes surprised by how much books and supplies cost–and not in a good way. The actual cost of books depends on the courses you take and what kinds of books and materials they require. To save money, many students choose to use books from the library or buy used textbooks and materials.

Yearly Fees

Most schools charge some yearly fees to help cover the cost of facilties, like the library, gym and computer labs.

Keep in mind, there could also be additional fees associated with participating in special activities, like Greek Life, or playing on an intramural sports team. Most colleges offer resources so that those who may struggle to participate because of cost can get help covering these fees.

The Cost of Transportation at Illinois Wesleyan University

The cost of getting around in college can really vary. Will you drive, fly, or take public transportation to school? Will you need to pay to park on-campus? Is the campus walkable? Do you plan to bring a car or will you need to use public transportation? All of these factors can drastically impact your transportation budget. At Illinois Wesleyan University, freshman are allowed to park on campus.

Where are a college is located can also have a big effect on the amount you'll have to spend just to get around. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the flip side, getting around in a city is often costly, but there may be more buses, trains and affordable flights to actually get to school. The Illinois Wesleyan University campus is in a suburb in Illinois.

Other Costs

When estimating your budget for college, be sure to consider the cost of things like going out to eat or see shows, furnishing your living space, and things like haircuts, clothes and, yes, even toilet paper and shampoo.

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Financial Breakdown for Illinois Wesleyan University

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Now, let’s look at the breakdown of all expenses, to get a better idea of what is really costs to go to Illinois Wesleyan University.

How Much Does Illinois Wesleyan University Cost?

What will the cost of attending Illinois Wesleyan University be? Here is a breakdown of tuition and expenses.

2023 Total Tuition and Expenses
Tuition	$55,500
Room and Board	$12,880
Other expenses	$1,700

The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.

Total Estimated Costs
On-Campus	$70,284
Off-Campus	$55,704

The breakdowns above provide a good estimate of the total cost of attendance before financial aid and scholarships. Tuition and fees may vary depending on program, course level, location, and more.

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Financial Aid at Illinois Wesleyan University

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The majority of Illinois Wesleyan University undergrads use financial aid to help pay for school. In 2023, 1,074 of the 1,534 undergrads enrolled received financial aid. Illinois Wesleyan University meets 86% of the demonstrated financial need for undergraduates.

The average financial aid package for a full-time, first-year student is around $43,667 a year. Around 73% of Illinois Wesleyan University undergrads take out student loans to cover any remaining costs. Illinois Wesleyan University graduates who have student loans graduate with an average of $38,572 of student loan debt.

The average debt for each loan type varies.

Average Debt By Loan Type
Federal Loans	$26,653
Illinois Wesleyan University-Specific Loans	$4,304
Private Loans	$40,301

Most Common Loans for Illinois Wesleyan University Students
Federal Loans	71%
Institutional Loans	40%
Private loans	19%

Most students take out institutional or government loans, because they tend to have lower interest rates and more flexible repayment options than private loans. Loans from the federal government can be subsidized or unsubsidized. Subsidized loans do not accrue interest during school, while unsubsidized loans begin accruing interest at the time the loan is issued. If students do no qualify for enough federal loans to cover the cost of tuition, some take out private loans. Parents can also take out ParentPLUS loans, which are government loans for parents who are helping their children pay for college.

The Free Application for Federal Student Aid (FAFSA) helps colleges determine how much financial need students and their familes have, so they can offer a financial aid package that meets, or come close to meeting, their need. For more information on Illinois Wesleyan University financial aid, keep reading, or visit their financial aid website.

Scholarships at Illinois Wesleyan University

Some students may receive grants and scholarships to help pay for college. Unlike loans, scholarships and grants do not have to be paid back.

In 2023, Illinois Wesleyan University awarded 1,072 need-based scholarships to students, giving away total of $38.2 million to help students with financial need cover the cost of school. An additional $1.52 million in merit-based scholarship money was awarded to students without demonstrated financial need.

Illinois Wesleyan University Net Cost

The net price of college is the actual cost of attending a school for one year. Net cost is calculated by subtracting any scholarships, grants or other aid that does not need to be paid back from the total cost. Student loans are not part of the calculation, because they need to be repaid.

Now that we have a sense of the total estimated costs for Illinois Wesleyan University students, we can subtract the average financial aid package to find the estimated net cost. Net cost can vary depending on a students’ need and the financial aid award received.

When considering whether a school fits your budget, it is important to consider the estimated net cost, not just the sticker price of tuition. Often, schools with the highest tuition also offer the most generous aid packages, so estimate your net cost before eliminating a school because it does fit your budget.

The average amount of financial aid received by a full-time first year student with demonstrated need at Illinois Wesleyan University was $43,667 in 2023. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Illinois Wesleyan University seem more manageable.

Estimated Net Cost for Full-Time Students
On-Campus	$26,617
Off-Campus	$12,037

What will attending Illinois Wesleyan University really cost you? The answer depends on several factors.

As of 2011, colleges are required to have a net price calculator on their website to help prospective students and their families understand the actual cost of attending that school, based on their financial situation. You can find the Illinois Wesleyan University's net cost calculator on their website.

Illinois Wesleyan University Tuition Payment Plans

Some students choose to use payment plans to make the cost of tuition fit more comfortably in their budget.

Illinois Wesleyan University does not have guaranteed tuition.

Illinois Wesleyan University offers an Installment Payment Plan, which allows students to pay tuition in a series of smaller chunks instead of one lump sum.

Does Illinois Wesleyan University Offer Tuition Waivers?

Schools sometimes offer tuition waivers to certain groups, to reduce the total cost of attendance. Some schools offer tuition waivers for faculty, staff, and their families , underrepresented students, or military students. Even if you qualify for a waiver, other expenses and fees are the responsibility of the student.

Illinois Wesleyan University has some full or partial tuition waivers available for: - Employees or Children of Employees

Check the financial aid website for more information on payment plans and tuition waivers.

Illinois Wesleyan University's Endowment

An endowment is the total value of a school's investments, donations, and assets. Endowment is not necessarily an indicator of the quality of a school, but it can give you a sense of how much money a college can afford to invest in expanding programs, improving facilities, and supporting students.

As of 2022, the total market value of Illinois Wesleyan University's endowment was $269.7 million. The average college endowment was $905 million in 2021.

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Learn More About Illinois Wesleyan University

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