S
Public 2 Year

SRC Tuition & Cost

Canton, Illinois

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How much does it cost to attend?

In District Illinois Resident Sticker Price
$14,400
In District Costs for Spoon River College
Fee Cost
Tuition$4,350
Books and Supplies$1,700
Other Fees$750
Estimated Off Campus Cost of Living $4,600
Other Expenses Budget$3,000
In State Illinois Resident Sticker Price
$19,890
In State Costs for Spoon River College
Fee Cost
Tuition$9,840
Books and Supplies$1,700
Other Fees$750
Estimated Off Campus Cost of Living $4,600
Other Expenses Budget$3,000

In district Illinois residents should budget an annual total cost of $14,400 to attend Spoon River College on a full time basis. This fee is comprised of $4,350 for tuition, $4,600 off-campus housing, $1,700 for books and supplies and $750 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 Spoon River College when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2019/2020
$6,121
Net Price by Income Spoon River College
Family Income Net Price Paid
$0 to $30,000$4,800
$30,001 to $48,000$5,511
$48,001 to $75,000$7,093
$75,001 to $110,000$11,539
$110,000+$12,226

The average reported annual net price for Spoon River College for students receiving grants or scholarship aid was $6,121 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

87% of full-time undergrad Spoon River 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 $6,045 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 30% of students received Federal Student Loans averaging $4,286 and 4% of undergrads took out private student loans averaging $9,247.

Finanical Aid Spoon River College
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $6,045 87%
Institutional Grants and Scholarships $1,602 33%
Pell Grants $5,177 57%
Other Federal Grants $511 15%
State and Local Grants $2,269 51%
Federal Student Loans $4,286 30%
Other Student Loans $9,247 4%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Spoon River College, we've modeled a ten year student loan with an original principal value of $18,678. The loan balance of $18,678 is a two year multiple of the $9,339 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 $178 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 $18,678
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $178.21
Total Interest Paid $2,707.05
Sum of All Loan Payments $21,385.05

Projected 2 Year Degree Price

2 Year Sticker Price
$39,780
Year Illinois Residents Non Residents
1 $19,890 $20,970
2 $20,442 $21,552

Based on published tuition prices, we estimate the current cost of a 2 year associate degree and living expenses at Spoon River College to be $39,780 - assuming graduation in normal time. The estimation assumes a 2.8% annual increase over the next 2 years which has been the recent trend for this school.

Credit Hour Cost and Price per Class

Credit Hour and Class Costs at Spoon River College
Price Per Credit 3 Credit Class 4 Credit Class
In District Residents $170 $510 $680
Illinois Residents $353 $1,059 $1,412
Out of State Residents $389 $1,167 $1,556

Estimated cost for a class at Spoon River 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 Spoon River College versus other colleges.

Tuition Payment Plans Available

Spoon River 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=148991 IPEDS survey data for Spoon River College.