by our College Data Analytics TeamThe majority of students will never be charged the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The price tag of going to Illinois Media School-Chicago Campus can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
Just what financial assistance solutions will Illinois Media School-Chicago Campus deliver, and just what are you going to be eligible for? Read on for answers. Keep scrolling to find out just how much financial aid will be open to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Continue reading to find information to help you understand just how much assistance you can expect to receive from Illinois Media School-Chicago Campus.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
Among first-time, full-time freshmen at Illinois Media School-Chicago Campus, 94% of the incoming full-time class was awarded financial aid some 59 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 94% | $5,260 |
| Institutional grants & scholarships | 2% | $3,000 |
| Federal Pell grants | 94% | $5,209 |
| State/local grants | 0% | — |
| Federal student loans | 83% | $7,597 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At Illinois Media School-Chicago Campus, about 64% of the undergraduate population received grant aid that averaged $5,705 (across approximately 127 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 64% | $5,705 |
| Federal Pell grants | 62% | $5,728 |
| Federal student loans | 68% | $7,158 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $5,299.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $26,062 |
| $30,001 – $75,000 | $26,008 |
| Over $75,000 | $23,767 |
Remember these are net prices — what families pay after gift aid, not before.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $26,435 |
| Off-campus title-IV students | $26,038 |
For an estimate tailored to your family circumstances, see Illinois Media School-Chicago Campus’s NPC: beonair.com/locations/chicago/net-price-calculator/.
The median federal debt load at Illinois Media School-Chicago Campus comes to $9,500 of federal student loans.
| 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 |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The figures below chart the debt distribution at Illinois Media School-Chicago Campus.
| 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.
Median Debt by Income Bracket
| 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 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Illinois Media School-Chicago Campus.
Stafford loans are the federal government’s primary direct undergraduate lending program. The aggregate figures below show how active the program is at Illinois Media School-Chicago Campus:
| Metric | Value |
|---|---|
| Stafford loan recipients | 4290 |
| Total Stafford loan amount | $36,448,356 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 5 |
| Total GI Bill amount | $59,903 |
| Average GI Bill amount per recipient | $11,981 |
References
More about our data sources and methodologies.