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Can You Afford Moody Bible Institute?

Concerned about paying for college? Take a look at Moody Bible Institute’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 $20,982 and $30,614

Feeling a little stressed about paying $30,614 to attend Moody Bible Institute 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, 90.7% of freshmen receive some form of financial aid, with the average amount totaling $10,664. Students from low-income families receive an average of $9,632 in aid during their first year.

Cost (no aid)

Tuition and fees$13,970
+ Room and board$11,210
+ Other expenses$5,434
Total cost$30,614
Affordability Score (53 out of 100)
more expensive
less expensive

Net Price (with average aid)

Total cost$30,614
- Grants and scholarships$10,664
Net price$19,950
Affordability Score (64 out of 100)
more expensive
less expensive

Average Net Price for Low Income Undergraduates

Total cost$30,614
- Grants and scholarships$9,632
Net price$20,982
Affordability Score (47 out of 100)
more expensive
less expensive

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

Projected Costs Between $83,152 and $173,473 For a Four Year Degree. Between $41,088 and $86,106 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 Moody Bible Institute in 2020 - 2021 was $30,614. To calculate future costs, we looked at the prior five years of data and determined that this cost increased an average of 0.7% each year. If this trend continues, we expect the full cost for incoming freshmen to be $31,063 during their first year. By their senior year, that cost will be approximately $31,748 for a bachelor degree candidate ($31,289 for an associate degree candidate) for a total of $125,618 over the course of four years ($62,352 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 Moody Bible Institute

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*1.2%0.7%
Freshman year$23,642$20,424$31,063
Senior year$25,096$20,665$31,289
Total 2-year net price$48,738$41,088$62,352
10-year loan interest @ 6.8%$18,567$15,653$23,754
Total monthly payment$561$473$718
Total amount paid$67,306$56,741$86,106
Projected 4-Year Net CostsLow Income w/ Aidw/ Average AidNo Aid
Annual growth rate*1.2%0.7%
Freshman year$23,642$20,424$31,063
Senior year$28,278$21,155$31,748
Total 4-year net price$103,656$83,152$125,618
10-year loan interest @ 6.8%$39,489$31,678$47,856
Total monthly payment$1,193$957$1,446
Total amount paid$143,145$114,830$173,473

Visit net price and financial aid to learn more about the total cost of attending Moody Bible Institute.

Further Questions to Consider

Continue Your Research on Moody Bible Institute

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