Student Loans for Eastern Illinois University

About Eastern Illinois University

student loansFounded as a teacher’s college, Eastern Illinois University has grown into a vibrant university with just about 10,000 undergrads, a strong campus community, and a surprisingly famous alumni base. It boasts its own daily, student-run newspaper, something of a rarity among colleges, and has been something of a breeding ground for football luminaries. Current head coaches Sean Payton and Mike Shanahan, of the Saints and Redskins respectively, were both Eastern Illinois Panthers, as well as former Vikings head coach Brad Childress and current Cowboys QB Tony Romo.

The application process for EIU Financial Aid is easy—easier than you’d expect, at least. There’s only one form you really need concern yourself with, and that’s the Free Application for Federal Student Aid (FAFSA). The FAFSA is your gateway to federal and institutional financial aid, and is pretty simple to fill out. Check out our guides on how to complete it so the process doesn’t have to be a headache. Once you submit your FAFSA to the EIU Financial Aid office, you’re good to go—you’ll hear back from the financial aid office in advance of your next tuition bill.

EIU Financial Aid Packages and Student Loans

The EIU Financial Aid program is strong, but not as robust as one might like. While the majority of students receive some form of financial aid from the university, there are still a good number of students left who need financial assistance. The good news is that since almost everyone at Eastern Illinois is in state, the total cost they need to cover is just about $11,000. While not small, this figure is really manageable in comparison to many other universities, and can be easily covered by both federal and private student loans.

Students who find themselves short of financial aid and in need of some additional funding to attend Eastern Illinois should exhaust all federal aid options first—federal loans have lower interest rates and more favorable terms than private loans. However, after federal loans, students may use private student loans to cover whatever financial gap may remain. To find, compare, and apply for private student loans for Eastern Illinois, check out our Student Loan Comparison Tool just above.

Pay for Eastern Illinois University*

Total Avg. Cost $19,877
Tuition $7,170
Room & Board Not Avail.
Financial Aid Information
Students Receiving Fin Aid 78%
Typical Grant Amounts
State/Local $4,365
Federal $3,976
%Receiving Loans 64%
Avg. Other Stud. Loans $8,786
%Receiving Other Loans 8%

Get into Eastern Illinois University

Admission Rate 68%
Total Enrollment 11,966
Men 41%
Women 59%
Graduation Rate 58%
Application Fee $30

Contact Eastern Illinois University

Address
600 Lincoln Avenue
Charleston, IL 61920(217) 581-5000
Financial Aid Office URL
http://www.eiu.edu/~finaid/
Admissions Office URL
http://www.eiu.edu/~admissions/

*Data source is the Integrated Postsecondary Education Data System (IPEDS) the data collection program for the National Center for Education Statistics

 

Student Loans By State