by our College Data Analytics TeamThe majority of students will not be asked to pay the full sticker price of a school. Rather, they are offered a financial aid plan that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The price tag of going to Illinois Media School can appear overpowering, but remember that the majority of students obtain some kind of financial assistance.
What financing options does Illinois Media School offer, and what will you qualify for? Keep scrolling for more information. Read on to find out how much school funding will be available to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. The figures below will help you estimate the aid you might receive from Illinois Media School.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
Looking at the entering class at Illinois Media School, 93% of new full-time first-years were awarded at least some aid roughly 28 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 93% | $5,095 |
| Institutional grants & scholarships | 17% | $3,000 |
| Federal Pell grants | 93% | $4,397 |
| State/local grants | 0% | — |
| Federal student loans | 80% | $8,155 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At this school, approximately 59% of undergraduates were awarded an average grant or scholarship of $5,191 (covering around 83 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 59% | $5,191 |
| Federal Pell grants | 55% | $5,171 |
| Federal student loans | 57% | $7,305 |
For students living on campus and receiving title-IV aid, grants averaged $4,397.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $28,528 |
| $30,001 – $75,000 | $30,206 |
| Over $75,000 | $31,815 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $27,238 |
| Off-campus title-IV students | $28,935 |
For a personalized estimate based on your family’s financial situation, use Illinois Media School’s NPC: beonair.com/locations/ohare-il-campus/net-price-calculator.
A typical borrower at Illinois Media School leaves with $9,500 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,500 |
| Median federal debt (graduates only) | $9,500 |
| Typical 10-year monthly payment (graduates) | $100.72/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
A single median figure conceals how much debt outcomes differ student to student. The figures below chart the debt distribution at Illinois Media School.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,750 |
| 25th percentile | $5,500 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $9,500 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
| Middle income | $9,500 |
| High income | $5,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,500 |
| Continuing-generation students | $9,500 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Illinois Media School.
Stafford loans make up the bulk of federal direct lending to undergraduates. These figures summarize annual Stafford program activity at Illinois Media School:
| Metric | Value |
|---|---|
| Stafford loan recipients | 4290 |
| Total Stafford loan amount | $36,448,356 |
If you are a veteran or active-duty service member, the GI Bill and DoD Tuition Assistance are the primary federal programs you can use at this school.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 5 |
| Total GI Bill amount | $59,827 |
| Average GI Bill amount per recipient | $11,965 |
References
More about our data sources and methodologies.