I
Public 2 Year

Olney Central College Tuition & Cost

Olney, Illinois

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How much does it cost to attend?

In District Illinois Resident Sticker Price
$17,282
In District Costs for Illinois Eastern Community Colleges Olney Central College
Fee Cost
Tuition$3,000
Books and Supplies$946
Other Fees$1,090
Estimated Off Campus Cost of Living $6,872
Other Expenses Budget$5,374
In State Illinois Resident Sticker Price
$22,627
In State Costs for Illinois Eastern Community Colleges Olney Central College
Fee Cost
Tuition$8,345
Books and Supplies$946
Other Fees$1,090
Estimated Off Campus Cost of Living $6,872
Other Expenses Budget$5,374

In district Illinois residents should budget an annual total cost of $17,282 to attend Illinois Eastern Community Colleges Olney Central College on a full time basis. This fee is comprised of $3,000 for tuition, $6,872 off-campus housing, $946 for books and supplies and $1,090 for other fees.

All price data is sourced from the 2020/2021 U.S. Department of Education National Center for Education Statistics survey.

Net Price

Net price is indicative of what it actually costs to attend Illinois Eastern Community Colleges Olney Central College when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2019/2020
$7,580
Net Price by Income Illinois Eastern Community Colleges Olney Central College
Family Income Net Price Paid
$0 to $30,000$5,885
$30,001 to $48,000$7,426
$48,001 to $75,000$8,370
$75,001 to $110,000$9,059
$110,000+$9,072

The average reported annual net price for Illinois Eastern Community Colleges Olney Central College for students receiving grants or scholarship aid was $7,580 in 2019/2020. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

Costs for Similar Colleges

Financial Aid

97% of full-time undergrad Illinois Eastern Community Colleges Olney Central College received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $5,294 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 10% of students received Federal Student Loans averaging $3,998 and 2% of undergrads took out private student loans averaging $5,270.

Finanical Aid Illinois Eastern Community Colleges Olney Central College
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $5,294 97%
Institutional Grants and Scholarships $2,442 76%
Pell Grants $5,083 47%
Other Federal Grants $890 75%
State and Local Grants $924 26%
Federal Student Loans $3,998 10%
Other Student Loans $5,270 2%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Illinois Eastern Community Colleges Olney Central College, we've modeled a ten year student loan with an original principal value of $1,970. The loan balance of $1,970 is a two year multiple of the $985 average net price. This is a estimate of what you could owe upon graduation if you were to qualify for average financial aid and what a degree really may cost. Should you not qualify for financial aid, you may owe significantly more when you graduate. Based on these assumptions, a monthly repayment of $19 could be required to satisfy your student loan.

Please note that financial aid is not guaranteed and is only available for qualifying students. Federal Student Loans are not grants and must be repaid with interest. The current Stafford loan interest rate is 2.75%.

Example Loan $1,970
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $18.80
Total Interest Paid $285.52
Sum of All Loan Payments $2,255.52

Projected 2 Year Degree Price

2 Year Sticker Price
$45,254
Year Illinois Residents Non Residents
1 $22,627 $24,527
2 $24,211 $26,244

Based on published tuition prices, we estimate the current cost of a 2 year associate degree and living expenses at Illinois Eastern Community Colleges Olney Central College to be $45,254 - assuming graduation in normal time. The estimation assumes a 7% annual increase over the next 2 years which is the national trend.

Credit Hour Cost and Price per Class

Credit Hour and Class Costs at Illinois Eastern Community Colleges Olney Central College
Price Per Credit 3 Credit Class 4 Credit Class
In District Residents $100 $300 $400
Illinois Residents $278 $834 $1,112
Out of State Residents $342 $1,026 $1,368

Estimated cost for a class at Illinois Eastern Community Colleges Olney Central College based on published credit hour prices. Note that not all schools allow single class enrollment. These prices should be used for comparison purposes as to how much it may cost to take a class at Illinois Eastern Community Colleges Olney Central College versus other colleges.

Tuition Payment Plans Available

Illinois Eastern Community Colleges Olney Central College Payment Plans
Tuition Payment Plan Yes
Prepaid Tuition Plan No
Alternative Tuition Plan Yes
Guaranteed Tuition Plan No

Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=145707 IPEDS survey data for Illinois Eastern Community Colleges Olney Central College.