Not only does Benedictine University provide institutional aid to make a private, values-based Catholic college education affordable, it guides students toward earning degrees that lead to sustainable careers.
Benedictine students do not have to be wealthy to gain a rich educational experience. Benedictine recognizes students with potential and rewards individuals in need of financial assistance with merit-based scholarship awards.
While the cost of attending college continues to increase across the country, Benedictine bucks the trend when it comes to net price (the cost of tuition minus grants and scholarships) of attendance.
According to the most recent data made available by the Higher Education Opportunity Act, Benedictine’s net price has decreased by 13.5 percent while the average net price for all colleges increased by 6.1 percent.
To invest in their future, the average student borrows $19,414 in federal loans to help pay for things like tuition, the cost of books, fees, meals and other college-related expenses. When it comes time to repay this loan, students can expect to pay $223.42 per month over a 10-year period.
Ninety-four percent of Benedictine graduates can be found either working or in graduate school within 12 months after Commencement.*
For those graduates, the return on the investment is significant. In fact, Benedictine University ranks among the top 25 most affordable Catholic colleges and universities in the country with the highest starting salaries earned by graduates, and among the most affordable colleges in Illinois for its online programs in 2013.**)
Benedictine students are also more likely to pay back their student loans. (Only 7.4 percent of Benedictine graduates defaulted on a loan within three years of entering a repayment plan, compared to 13.4 percent of students who did nationwide.***)
Why do Benedictine graduates find success after graduation? Because the University makes every effort to not only educate – but to reach out to students about available scholarships and grants, and helps them to make informed decisions every step of the way. Students receive personalized care and detailed checklists to help them at every stage of their college experience so they can take advantage of opportunities that can make a resume stand out and get employers talking.
While Benedictine isn’t the largest University, it is the fastest-growing private research university in the country, according to The Chronicle of Higher Education. Its alumni base is represented across the nation and internationally, and continues to support new generations of students by giving back to the University with their time, talent and treasure. In 2012 alone, more than 1,000 Benedictine alumni invested into the University, donating nearly $400,000 to the institution.
*Based on alumni who responded to Benedictine’s 2011 post-graduate survey
**According to afforablecollegesonline.org.
***Percentage of Benedictine’s borrowers who entered repayment on certain federal student loans in federal fiscal year 2009 (between October 1, 2008 and September 30, 2009) and who defaulted before September 30, 2011
When compared nationally by region, Benedictine’s tuition, fees and room and board costs are about 32 percent less than the highest private nonprofit four-year college in the United States, according to a 2011-2012 published tuition and fee costs report by College Board on “Trends in College Pricing.” On average, students borrow less than $20,000 in federal student loans to complete a Benedictine undergraduate degree. The national average student loan debt for 2013 graduates is $35,000, according to a CNNMoney report.
Where does your tuition go?:
Unlike public universities, which are partially subsidized by tax revenues, many private universities like Benedictine – which do not have substantial endowments or a large pool of major donors and are nonprofit institutions – rely predominately on tuition dollars to cover the cost of providing an education.