by our College Data Analytics TeamMost 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 total cost of going to Wheaton College can seem overwhelming, but bear in mind that many students are given some form of financial aid.
Just what financial assistance solutions will Wheaton College Illinois provide, and just what are you going to be eligible for? Read on for answers. Read on to see how much school funding could be available to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Read on to get a sense of the financial assistance available at Wheaton College.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
Looking at the entering class at Wheaton College, 98% of first-time, full-time freshmen received some form of financial aid roughly 541 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 98% | $27,987 |
| Institutional grants & scholarships | 98% | $25,775 |
| Federal Pell grants | 22% | $5,212 |
| State/local grants | 9% | $8,400 |
| Federal student loans | 49% | $5,215 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At Wheaton College Illinois, around 92% of the undergraduate population received grant aid that averaged $24,496 (across approximately 1946 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 92% | $24,496 |
| Federal Pell grants | 22% | $5,237 |
| Federal student loans | 43% | $6,307 |
Title-IV recipients living on campus saw average grant aid of $32,288.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $18,245 |
| $30,001 – $75,000 | $19,673 |
| Over $75,000 | $32,559 |
Remember these are net prices — what families pay after gift aid, not before.
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 | $26,975 |
| Off-campus title-IV students | $26,984 |
For a personalized estimate based on your family’s financial situation, use Wheaton College Illinois’s net price calculator: www.wheaton.edu/admissions-and-aid/cost-and-financial-aid/student-financial-services/cost/net-price-calculator/.
Graduating students at Wheaton College Illinois carry a median federal student debt of $20,000 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $20,000 |
| Median federal debt (graduates only) | $23,250 |
| Typical 10-year monthly payment (graduates) | $246.49/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
The numbers below show the full range, not just the middle of the distribution. Use the percentiles below to see the debt range at Wheaton College Illinois.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,500 |
| 25th percentile | $12,048 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $30,000 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $21,500 |
| Middle income | $21,000 |
| High income | $19,500 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $21,000 |
| Continuing-generation students | $19,500 |
The figure below distills the debt data into a single burden category for Wheaton College Illinois.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The totals below capture Stafford lending at Wheaton College Illinois:
| Metric | Value |
|---|---|
| Stafford loan recipients | 6177 |
| Total Stafford loan amount | $134,208,134 |
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 | 28 |
| Total GI Bill amount | $814,531 |
| Average GI Bill amount per recipient | $29,090 |
References
More about our data sources and methodologies.