On average, colleges raise tuition about 3% each year.
Remember, the total cost of tuition isn't the final cost for attending college. Many students find the actual cost of college is far less than the sticker price after grants, scholarships, and tuition discounts kick in. Additionally, student loans can make theactual cost of attending college more manageable until you've finishing school and found a job.
Wheaton College meets 76% of the demonstrated financial need for undergraduates. The average financial aid package for a full-time, first-year student at Wheaton College is around $34,875 a year.
Graduates in the class of 2023 had an average of $27,569 in student loans per borrower.
Wheaton College is a private, religious institution, so it has the same tuition for residents of 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 an insitution where you qualify for in-state tuition can save on the overall cost of college. Take the time to confirm your state's rules for in-state tuition. Every state has its own rules about what makes someone eligible for in-state tuition. Most states require students to have resided in the state for a certain period of time before qualifying. There may be other criteria too, depending on the state you and your parents currently reside in.
Explore other Illinois colleges
Tuition at Wheaton College is the same for all students.
International students are not eligible for loans or grants from the U.S. government, but may qualify for private or Wheaton College-specific aid and scholarships. International students who demonstrate financial need may qualify for the following types of financial support at Wheaton College:
•On-campus jobs •Wheaton College-specific loans •Wheaton College-specific scholarships
International students without financial need may be eligible for merit-based institutional scholarships.
In addition to 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 Wheaton College.
Meal-plan costs may vary depending on the number of meals you intend to eat on-campus
The cost of books often surprises first-year college students. 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 books from students who have already taken the course.
The majority of colleges also have fees to offsets cost associated with maintaining facilties, like the library, gym and computer labs.
There may be other costs associated with participating in certain activities, like joining a fraternity or sorority, or playing on an intramural sports team. Many schools have ways for students who may struggle to participate because of cost can get help covering these fees.
The total cost of transportation in college depends on a few key factors. Will you take a subway, car or an airplane to get to school? Is on-campus parking free, or will you need to budget for parking? Is the campus easy to get around on foot? Do you plan to bring a car or will you need to use busses, subways, or other modes of transportation? All of these questions can drastically impact your transportation budget. Keeping in mind, first-year students are not allowed to park a car on campus.
Where are a college is located can also have a big effect on your transportation budget. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the other hand transportation in a city could be pricey, but there may be more trains, busses or affordable flights to actually get to school. Wheaton Collegeis located in a suburb in Illinois, near Chicago.
When you're planning for college, be sure to take into account personal expenses, like movies, takeouts, furniture or appliances for your dorm or housing, and essentials like laundry detergent, toothpaste and toilet paper.
Now, let’s do a rundown of all of the costs associated with college, to get a better idea of the actual cost of attending Wheaton College.
What will the cost of attending Wheaton College be? Here is a breakdown of tuition and expenses.
2023 Total Tuition and Expenses | |
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The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.
Tuition and fees may vary depending on program, course level, location, and more.
The majority of Wheaton College undergrads use financial aid to help pay for school. In 2023, 1,255 of the 2,322 undergrads enrolled received financial aid. Wheaton College meets 76% of the demonstrated financial need for undergraduates.
The average financial aid package for a full-time, first-year student is around $34,875 a year. Around 56.75% of Wheaton College undergrads take out student loans to cover any remaining costs. Wheaton College graduates who have student loans graduate with an average of $27,569 of student loan debt.
The average debt for each loan type varies.
Average Debt By Loan Type | |
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Federal Loans | $21,702 |
Wheaton College-Specific Loans | $3,000 |
Private Loans | $13,954 |
Most Common Loans for Wheaton College Students | |
---|---|
Federal Loans | 55.75% |
Institutional Loans | 1.98% |
Private loans | 25% |
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 Wheaton College financial aid, keep reading, or visit their financial aid website.
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, Wheaton College awarded 1,050 need-based scholarships to students, giving away total of $36.7 million to help students with financial need cover the cost of school. An additional $11.69 million in merit-based scholarship money was awarded to students without demonstrated financial need.
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 Wheaton College 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 Wheaton College was $34,875 in 2023. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Wheaton College seem more manageable.
What will attending Wheaton College 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 make more informed decisions about the actual cost of attending that school, based on their financial situation. You can find the Wheaton College's net cost calculator on their website.
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.
Schools sometimes offer tuition waivers to certain groups, to offset the cost of attending. Some colleges offer tuition waivers for employees and their family members, underrepresented students, or military students. Even if you qualify for a waiver, other expenses and fees are the responsibility of the student.
Check the financial aid website for more information on payment plans and tuition waivers.
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 Wheaton College's endowment was $502 million. The average college endowment was $905 million in 2021. The school spends $15,803 for each full-time student enrolled.
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