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Saturday, April 20, 2024

Cost of college went up for all students at Moody Bible Institute

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Tuition and fees rose 2.6 percent for 2017-18 at Moody Bible Institute, according to the latest disclosure from the U.S. Department of Education.

Illinois students paid $12,960 to attend the four-year private not-for-profit institution this year $330 more than the $12,630 charged for 2016-17.

Data shows 81 percent of full-time undergraduates who started school in 2015-16 received student financial aid in some form. In all, 302 students received grants or scholarships totaling $2.42 million and 39 students took out student loans totaling more than $337,987.

Including all undergraduates, 2,520 students used grants or scholarships totaling $19.31 million.

The cost of attending
Enrollment
2014-15
2015-16
2016-17
2017-18
Change in tuition and fees 2014-15 to 2017-18
~612
$11,348
$12,284
$12,630
$12,960
14.2%

Undergraduate financial aid
The following data includes only full-time students who began an undergraduate program at the Moody Bible Institute in 2015-16.
Type of Aid
Number of students receiving aid
Percent receiving aid
Total amount of aid received
Average amount of aid per student
Federal grants
139
35%
$541,664
$3,897
State / local grant or scholarship
0
0%
$0
Institutional grants or scholarships
232
58%
$1,874,895
$8,081
Grant or scholarship aid total
302
76%
$2,416,559
$8,002
Federal student loans
0
0%
$0
Other student loans
39
10%
$337,987
$8,666
Student loan aid
39
10%
$337,987
$8,666
Total student aid
324
81%

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