College Factual  by our College Data Analytics Team
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Can You Afford McKendree University?

Concerned about paying for college? Take a look at McKendree’s financial aid options, including grants, scholarships, and student loans, then calculate the net price based on your income level to determine if you can afford to attend this school.

2020 - 2021 Costs Between $19,213 and $46,970

Feeling a little stressed about paying $46,970 to attend McKendree University each year? This number can be deceiving, and for many, the net price you pay will be less.

While there is no tuition reduction for Illinois students, 99.7% of freshmen receive some form of financial aid, with the average amount totaling $21,203. Students from low-income families receive an average of $27,757 in aid during their first year.

Cost (no aid)

Tuition and fees$32,200
+ Room and board$10,970
+ Other expenses$3,800
Total cost$46,970
Affordability Score (21 out of 100)
more expensive
less expensive

Net Price (with average aid)

Total cost$46,970
- Grants and scholarships$21,203
Net price$25,767
Affordability Score (38 out of 100)
more expensive
less expensive

Average Net Price for Low Income Undergraduates

Total cost$46,970
- Grants and scholarships$27,757
Net price$19,213
Affordability Score (56 out of 100)
more expensive
less expensive

Learn more about tuition and fees, room, board and other expenses, and financial aid options at McKendree.

Projected Costs Between $96,623 and $283,276 For a Four Year Degree. Between $45,192 and $138,100 For a Two Year Degree.

Looking at the total projected cost of a college education over the course of two / four (or more) years can feel a little overwhelming. However, doing so will help better prepare you for the financial commitment you are making.

The overall cost for on-campus students to attend McKendree in 2020 - 2021 was $46,970. To calculate future costs, we looked at the prior five years of data and determined that this cost increased an average of 2.5% each year. If this trend continues, we expect the full cost for incoming freshmen to be $49,377 during their first year. By their senior year, that cost will be approximately $53,220 for a bachelor degree candidate ($50,626 for an associate degree candidate) for a total of $205,130 over the course of four years ($100,003 over the course of two years). These numbers do not take into consideration financial aid, which reduces this overall cost by varying amounts per student.

Remember, the full costs quoted above are not what most students will pay, and the net price varies quite a bit based on individual circumstances.

Average Net Price at McKendree University

Cost With Interest

The tables below outlines how the overall degree net cost can vary depending on your situation. This table also highlights the impact student loans can have on the overall cost of college.

Projected 2-Year Net CostsLow Income w/ Aidw/ Average AidNo Aid
Annual growth rate*6.6%2.5%
Freshman year$21,866$29,302$49,377
Senior year$23,326$31,248$50,626
Total 2-year net price$45,192$60,551$100,003
10-year loan interest @ 6.8%$17,216$23,068$38,097
Total monthly payment$520$697$1,151
Total amount paid$62,408$83,618$138,100
Projected 4-Year Net CostsLow Income w/ Aidw/ Average AidNo Aid
Annual growth rate*6.6%2.5%
Freshman year$21,866$29,302$49,377
Senior year$26,547$35,536$53,220
Total 4-year net price$96,623$129,409$205,130
10-year loan interest @ 6.8%$36,810$49,300$78,147
Total monthly payment$1,112$1,489$2,361
Total amount paid$133,433$178,709$283,276

Visit net price and financial aid to learn more about the total cost of attending McKendree University.

Further Questions to Consider

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