Illinois Benedictine University (IBU) is a private, Catholic university located in Lisle, Illinois. Founded in 1887, IBU offers a wide range of undergraduate and graduate programs in liberal arts, sciences, business, and education.
Undergraduate Tuition Costs
The tuition for undergraduate programs at IBU varies depending on the student’s residency status and program of study. For the academic year 2023-2024, the following tuition rates apply:
| Residency Status | Tuition |
|---|---|
| Illinois Residents | $38,850 |
| Out-of-State Residents | $46,350 |
Additional Undergraduate Fees
In addition to tuition, undergraduate students are also responsible for the following fees:
| Fee | Cost |
|---|---|
| Student Activity Fee | $300 |
| Technology Fee | $450 |
| Campus Health Fee | $200 |
| Course Materials Fee | Varies by course |
| Graduation Fee | $100 |
Graduate Tuition Costs
The tuition for graduate programs at IBU also varies depending on the student’s program of study. For the academic year 2023-2024, the following tuition rates apply:
| Program | Tuition |
|---|---|
| Master’s Programs | $1,160 per credit hour |
| MBA Program | $1,260 per credit hour |
| Doctoral Programs | $1,360 per credit hour |
Additional Graduate Fees
In addition to tuition, graduate students are also responsible for the following fees:
| Fee | Cost |
|---|---|
| Application Fee | $50 |
| Graduation Fee | $100 |
Financial Aid and Scholarships
IBU offers a variety of financial aid options to help students pay for their education. These options include:
- Scholarships: IBU offers a number of scholarships to incoming and current students based on academic merit, financial need, and other factors.
- Grants: IBU offers a number of grants to students with financial need.
- Loans: IBU participates in the federal student loan programs.
- Work-Study: IBU offers work-study programs that allow students to earn money to help pay for their education.
Payment Plans
IBU offers a variety of payment plans to help students pay for their education. These plans include:
- Monthly Payment Plan: Students can spread their tuition and fees over 10 monthly payments.
- Semester Payment Plan: Students can pay their tuition and fees in two installments, one at the beginning of each semester.
- Alternative Payment Plan: Students can create a customized payment plan that meets their individual needs.
How to Apply for Financial Aid
To apply for financial aid at IBU, students must complete the Free Application for Federal Student Aid (FAFSA). The FAFSA is available online at fafsa.ed.gov.
Contact Information
For more information about tuition and fees at IBU, please contact the Office of Admissions at (630) 829-6300 or [email protected].
Choosing the right payment plan can help you manage your finances and avoid unnecessary stress. Here are a few factors to consider when choosing a payment plan:
- Your budget: Make sure you choose a payment plan that you can afford. Consider your monthly income and expenses.
- Your financial goals: If you are saving for a down payment on a house or retirement, you may want to choose a payment plan that allows you to pay off your student loans more quickly.
- Your repayment options: IBU offers a variety of payment plans to meet the needs of its students. Be sure to explore all of your options before making a decision.
Q: What is the deadline to apply for financial aid?
A: The priority deadline to apply for financial aid is March 1st. However, students are encouraged to apply as early as possible.
Q: Can I change my payment plan after I have enrolled?
A: Yes, you can change your payment plan at any time. To do so, contact the Office of the Bursar at (630) 829-6262.
Q: What if I cannot afford my tuition and fees?
A: If you cannot afford your tuition and fees, you should contact the Office of Financial Aid at (630) 829-6233. They can help you explore your financial aid options.
Q: What is the refund policy for tuition and fees?
A: For a full refund of tuition and fees, students must withdraw from the university by the end of the add/drop period. After the add/drop period, a prorated refund may be available.
Illinois Benedictine University offers a variety of tuition and payment plan options to meet the needs of its students. By carefully considering your budget, financial goals, and repayment options, you can choose the payment plan that is right for you.