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McHenry Times

Tuesday, November 5, 2024

Cost of college went up for all students at the First Institute Inc

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Tuition and fees rose 6.5 percent for 2018-19 at the First Institute Inc, according to recent data from the U.S. Department of Education.

Illinois students paid $16,375 to attend the private for-profit school this year – $1,000 more than the $15,375 charged for 2017-18.

Data shows 72 percent of full-time undergraduates who started school in 2015-16 received student financial aid in some form. In all, 180 students received grants or scholarships totaling $622,588 and 184 students took out student loans totaling more than $1 million.

Including all undergraduates (284), 249 students used grants or scholarships totaling $897,523, and 254 students took out $1.4 million in federal student loans.

The cost of attending
Enrollment2015-162016-172017-182018-19Change in tuition and fees 2015-16 to 2018-19
In-state~278$14,830$15,050$15,375$16,37510.4%

Undergraduate financial aid
The following data includes only full-time students who began an undergraduate program at the First Institute Inc in 2015-16.
Type of AidNumber of students receiving aidPercent receiving aidTotal amount of aid receivedAverage amount of aid per student
Federal grants17863%$580,180$3,259
State / local grant or scholarship52%$29,408$5,882
Institutional grants or scholarships217%$13,000$619
Grant or scholarship aid total18063%$622,588$3,459
Federal student loans18465%$1,019,909$5,543
Other student loans00%$0-
Student loan aid18465%$1,019,909$5,543
Total student aid20472%--

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