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Peoria Standard

Thursday, April 25, 2024

Cost of college went up for all students at Midwest Technical Institute-East Peoria

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Tuition and fees rose 1.9 percent for 2017-18 at Midwest Technical Institute-East Peoria, according to the latest disclosure from the U.S. Department of Education.

Illinois students paid $15,007 to attend the private for-profit school this year $282 more than the $14,725 charged for 2016-17.

Data shows 95 percent of full-time undergraduates who started school in 2015-16 received student financial aid in some form. In all, 311 students received grants or scholarships totaling $2.37 million and 316 students took out student loans totaling more than $2.45 million.

Including all undergraduates, 538 students used grants or scholarships totaling $2.87 million. Another 427 took out $3.11 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
~394
$14,725
$14,225
$14,725
$15,007
1.9%

Undergraduate financial aid
The following data includes only full-time students who began an undergraduate program at the Midwest Technical Institute-East Peoria 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
306
92%
$1,438,812
$4,702
State / local grant or scholarship
54
16%
$750,162
$13,892
Institutional grants or scholarships
36
11%
$181,100
$5,031
Grant or scholarship aid total
311
94%
$2,370,074
$7,621
Federal student loans
316
95%
$2,293,708
$7,259
Other student loans
39
12%
$152,843
$3,919
Student loan aid
316
95%
$2,446,551
$7,742
Total student aid
316
95%

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