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Friday, April 26, 2024

Cost of college went up for all students at Olivet Nazarene University

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Tuition and fees rose 2.9 percent for 2017-18 at Olivet Nazarene University, according to the latest disclosure from the U.S. Department of Education.

Illinois students paid $34,940 to attend the four-year private not-for-profit institution this year $1,000 more than the $33,940 charged for 2016-17.

Data shows 100 percent of full-time undergraduates who started school in 2015-16 received student financial aid in some form. In all, 730 students received grants or scholarships totaling $17.22 million and 556 students took out student loans totaling more than $3.97 million.

Including all undergraduates, 3,129 students used grants or scholarships totaling $67.74 million. Another 2,411 took out $17.54 million in federal student loans.

The cost of attending
Enrollment
2014-15
2015-16
2016-17
2017-18
Change in tuition and fees 2014-15 to 2017-18
~2,699
$31,390
$32,790
$33,940
$34,940
11.3%

Undergraduate financial aid
The following data includes only full-time students who began an undergraduate program at the Olivet Nazarene University in 2015-16.
Type of Aid
Number of students receiving aid
Percent receiving aid
Total amount of aid received
Average amount of aid per student
Federal grants
237
32%
$1,111,530
$4,690
State / local grant or scholarship
171
23%
$775,145
$4,533
Institutional grants or scholarships
729
100%
$15,331,270
$21,031
Grant or scholarship aid total
730
100%
$17,217,945
$23,586
Federal student loans
555
76%
$3,321,568
$5,985
Other student loans
61
8%
$649,560
$10,649
Student loan aid
556
76%
$3,971,128
$7,142
Total student aid
730
100%

Editor's note: A previous version of this story incorrectly described the cost of attendance, which includes both tuition and fees.

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