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Peoria Standard

Monday, November 25, 2024

Cost of college went up for all students at Spoon River College

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In-state tuition and fees rose 6.4 percent for 2017-18 at Spoon River College, according to the latest disclosure from the U.S. Department of Education.

Illinois residents paid $9,990 to attend the two-year public institution this year $600 more than the $9,390 charged for 2016-17.

Non-residents paid 10.8 percent more than residents this year, or $11,070. Their price tag grew 5.7 percent from $10,470 in 2016-17.

About 98 percent of the school's undergraduate population are Illinois residents. And about 2 percent are residents of other states.

Data shows 87 percent of full-time undergraduates who started school in 2015-16 received student financial aid in some form. In all, 256 students received grants or scholarships totaling $1.13 million and 91 students took out student loans totaling more than $475,312.

Including all undergraduates, 937 students used grants or scholarships totaling $3.91 million. Another 321 took out $1.73 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
In-state
~1,529
$8,640
$9,240
$9,390
$9,990
15.6%
Out-of-state
~31
$9,720
$10,020
$10,470
$11,070
13.9%

Undergraduate financial aid
The following data includes only full-time students who began an undergraduate program at the Spoon River College 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
181
60%
$832,580
$4,600
State / local grant or scholarship
98
33%
$175,910
$1,795
Institutional grants or scholarships
87
29%
$123,158
$1,416
Grant or scholarship aid total
256
85%
$1,131,648
$4,421
Federal student loans
85
28%
$417,629
$4,913
Other student loans
9
3%
$57,683
$6,409
Student loan aid
91
30%
$475,312
$5,223
Total student aid
262
87%

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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