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Can You Afford Rasmussen University - Illinois?

Concerned about paying for college? Take a look at Rasmussen University - Illinois’ 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 $21,840 and $26,923

Feeling a little stressed about paying $26,923 to attend Rasmussen University - Illinois 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, 76.0% of freshmen receive some form of financial aid, with the average amount totaling $4,667. Students from low-income families receive an average of $5,083 in aid during their first year.

Cost (no aid)

Tuition and fees$13,326
+ Room and board$8,613
+ Other expenses$4,984
Total cost$26,923
Affordability Score (63 out of 100)
more expensive
less expensive

Net Price (with average aid)

Total cost$26,923
- Grants and scholarships$4,667
Net price$22,256
Affordability Score (55 out of 100)
more expensive
less expensive

Average Net Price for Low Income Undergraduates

Total cost$26,923
- Grants and scholarships$5,083
Net price$21,840
Affordability Score (43 out of 100)
more expensive
less expensive

Learn more about tuition and fees, room, board and other expenses, and financial aid options at Rasmussen University - Illinois.

Projected Costs Between $101,861 and $157,076 For a Four Year Degree. Between $48,714 and $77,315 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 Rasmussen University - Illinois in 2020 - 2021 was $26,923. To calculate future costs, we looked at the prior five years of data and determined that this cost increased an average of 1.6% each year. If this trend continues, we expect the full cost for incoming freshmen to be $27,775 during their first year. By their senior year, that cost will be approximately $29,104 for a bachelor degree candidate ($28,211 for an associate degree candidate) for a total of $113,744 over the course of four years ($55,986 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 Rasmussen University - Illinois

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*4.0%1.6%
Freshman year$23,827$24,067$27,775
Senior year$24,887$25,028$28,211
Total 2-year net price$48,714$49,095$55,986
10-year loan interest @ 6.8%$18,558$18,703$21,329
Total monthly payment$561$565$644
Total amount paid$67,273$67,799$77,315
Projected 4-Year Net CostsLow Income w/ Aidw/ Average AidNo Aid
Annual growth rate*4.0%1.6%
Freshman year$23,827$24,067$27,775
Senior year$27,152$27,065$29,104
Total 4-year net price$101,861$102,186$113,744
10-year loan interest @ 6.8%$38,805$38,929$43,332
Total monthly payment$1,172$1,176$1,309
Total amount paid$140,666$141,116$157,076

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

Further Questions to Consider

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