Cost of attending Wheaton College increases for all students in 2022-23 school year

Karen Lee, Provost at Wheaton College
Karen Lee, Provost at Wheaton College | Wheaton College
By G. Y. Mercer

For the 2022-23 academic year, tuition at Wheaton College rose by 3.5%, as revealed in the latest report, according to the latest disclosure from the National Center for Education Statistics.

Students enrolled at the four-year private not-for-profit Wheaton College paid $42,240 this year, which is $1,420 higher than the $40,820 tuition charged in the 2021-22 academic year.

Approximately 23% of the undergraduate student body at Wheaton College are residents of Illinois. The majority, about 70%, come from other states, while international students make up 6% of the population.

Data indicates that 98% of full-time undergraduates who began studies at Wheaton College in 2022-23 received some form of student financial aid. In total, 492 students were awarded grants or scholarships amounting to $12.4 million, and 246 students obtained student loans exceeding $1.7 million.

Across the entire undergraduate enrollment, 1,897 students benefited from grants or scholarships totaling $44.3 million. Additionally, 995 students secured federal student loans totaling $6.3 million.

Undergraduate education costs have seen a significant increase over the past few decades. Data shows a 169% rise in the average total cost, including tuition, fees, room, and board, between 1980 and 2020.

According to a 2023 College Board report, in-state students at public universities paid an average of $11,260, while out-of-state students paid $29,150 in the 2023-24 academic year.

Meanwhile, student loan debt has steadily increased over the last 30 years, reaching $1.75 trillion in 2024, averaging a total of $28,950 per borrower. Federal loans make up 92% of the debt, with over half of students at both public and private four-year colleges graduating with student loans.

Available data sometimes exceeds 100% due to rounding and administrative calculations.

Undergraduate Financial Aid

The following data includes only full-time students who began an undergraduate program at the Wheaton College in the 2022-23 school year.

Type of AidNumber of students awarded aidPercent awarded aidTotal amount of aid awardedAverage amount of aid per student
Federal grants11022%$679,185$6,174
State / local grant or scholarship449%$312,600$7,105
Institutional grants or scholarships49198%$11.4 million$23,227
Grant or scholarship aid total49298%$12.4 million$25,196
Federal student loans24449%$1.3 million$5,178
Other student loans194%$396,598$20,874
Student loan aid24649%$1.7 million$6,748
Total student aid49298%$14.1 million$28,569
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.


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