Cost of education increases for all Illinois Media School students in 2022-23 school year
For the 2022-23 school year, tuition at Illinois Media School rose by 2.5%, based on the most recent disclosure, according to the latest disclosure from the National Center for Education Statistics.
Students paid $18,750 to attend the private, for-profit institution this year, which is $455 higher than the $18,295 charged during the 2021-22 academic year.
The entire undergraduate student body at the school consists of Illinois residents.
Data indicates that all full-time undergraduates who enrolled at Illinois Media School in 2022-23 received some form of student financial aid. Thirty-three students were awarded grants or scholarships totaling $115,200, while 40 students obtained student loans amounting to over $311,481.
Across the entire undergraduate population, 55 students received grants or scholarships totaling $285,378. Additionally, 61 students borrowed $467,097 in federal student loans.
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.
| Type of Aid | Number of students awarded aid | Percent awarded aid | Total amount of aid awarded | Average amount of aid per student |
|---|---|---|---|---|
| Federal grants | 33 | 83% | $115,200 | $3,491 |
| State / local grant or scholarship | 0 | 0% | $0 | $0 |
| Institutional grants or scholarships | 0 | 0% | $0 | $0 |
| Grant or scholarship aid total | 33 | 83% | $115,200 | $3,491 |
| Federal student loans | 40 | 100% | $311,481 | $7,787 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 40 | 100% | $311,481 | $7,787 |
| Total student aid | 40 | 100% | $426,681 | $10,667 |