Oak Point University

In 2018, tuition for full-time Oak Point University students was $24,889 a year.

Usually, college tuition goes up about 3% every year.

Remember, the total cost of tuition isn't necessarily what you will have to pay to attend a school. Many students find the actual cost of college is much less than the sticker price after grants, scholarships, and tuition discounts are awarded. And, student loans can make the amount you do have to pay for college feel more doable until you've finishing school and found a job.

Oak Point University meets 30% of the demonstrated financial need for undergraduates.

For information on Oak Point University's financial aid options for first-year students, check with the school directly.

In-state vs. Out-of-state Tuition at Oak Point University

Oak Point University is a private, nonprofit institution, which means it has the same tuition for residents of Illinois as it does for students who live in 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 an insitution where you are eligible for in-state tuition can save on the cost of tuition, as well as loans and interest owed. Be sure to verify your state's guidelines for how to qualify for in-state residency. 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 additional requirements too, depending on the state you and your parents currently live in.

Explore other Illinois colleges

Do International Students Pay More to Go to Oak Point University?

Tuition at Oak Point University is the same for every student.

Students from outside of the U.S. are not eligible for loans or grants from the U.S. government, but should research private or school-specific aid and scholarships.

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Oak Point University Living Expenses, Fees, and More

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Tuition is not the only cost of attending college; 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 Oak Point University.

Room and Board Costs at Oak Point University

Oak Point University doesn't offer on-campus housing for students, so there are no charge for dorms, however students should consider other housing costs when comparing the actual cost of various colleges.

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

How Much Do Books Cost at Oak Point University?

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

Yearly Fees

Most schools also have fees to help cover the cost of facilties, like the computer labs and libraries, athletic facilities, and more.

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

Transportation costs

The total cost of getting around in college depends on a few key factors. Will you drive, fly, or take public transportation to school? Will you need to pay to park on-campus? Is the campus easy to get around on foot? Do you plan to bring a car or are you planning to use public transportation? All of these factors can make a big difference in your transportation budget.

The location of a college or university can impact transportation costs. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the flip side, transportation in an urban area could be pricey, but there may be more buses, trains and affordable flights to actually get to school. The Oak Point University campus is in a city in Illinois, near Chicago.

Other Costs

When budgeting for college, be sure to factor in the cost of things like movies, takeouts, furniture or appliances for your dorm or housing, and essentials like laundry detergent, toothpaste and toilet paper.

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The Full Cost of Attending Oak Point 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 Oak Point University.

How Much Does Oak Point University Cost?

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

2023 Total Tuition and Expenses
Tuition	$24,889

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

Total Estimated Costs
On-Campus	$25,469
Off-Campus	$25,469

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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Oak Point University Financial Aid

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The majority of Oak Point University undergrads use financial aid to help pay for school. In 2023, 459 of the 678 undergrads enrolled received financial aid. Oak Point University meets 30% of the demonstrated financial need for undergraduates.

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 Oak Point University financial aid, keep reading, or visit their financial aid website.

Scholarships at Oak Point 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, Oak Point University awarded 330 need-based scholarships to students, giving away total of $2.7 million to help students with financial need cover the cost of school. An additional $340,000 in merit-based scholarship money was awarded to students without demonstrated financial need.

Net Cost of Oak Point University

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 Oak Point 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.

By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Oak Point University seem more manageable.

What will attending Oak Point 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 Oak Point University's net cost calculator on their website.

Oak Point University Tuition Payment Plans

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

Students cannot pay tuition in installments. Contact the financial aid office to verify this and discuss options.

Does Oak Point University Offer Tuition Waivers?

Schools sometimes offer tuition waivers to certain groups, to reduce the total cost of attendance. Some colleges offer tuition waivers for faculty, staff, and their families , underrepresented students, or military students. Even with a tuition waiver, students are usually responsible for housing, meal plans, and other expenses.

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

Oak Point 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 2018, the total market value of Oak Point University's endowment was $1.5 million. The average college endowment was $905 million in 2021. The school spends $8,848 for each full-time student enrolled.

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Learn More About Oak Point University

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