Student Loans for Illinois State University Students
About Illinois State University
Nestled in the strangely named town of Normal, Illinois, just north of Bloomington, Illinois State University is far from your average state school, though it might look like that at face value. It’s the oldest school in Illinois, having been founded in 1857, and has a notable little brush with history. When the university was founded, several prominent area citizens needed legal assistance to draw up documents and negotiate terms to secure funding for the university, and the legal counsel they hired was none other than Abraham Lincoln (pretty awesome). Nowadays, the school ranks among the top 10 universities that produce future teachers in the country. ISU’s academic environment is responsible for this, as professors routinely go out of their way to develop personal relationships with their students to boost their educational experience. Nearly any student at Illinois State will tell you their experience has been a memorable one, and that it’s certainly a school to consider.
Normal is a fairly bustling town, nearby Bloomington is a great city for college students, and Chicago is a (sort of long) train ride away: with all these destinations and so much to do around Illinois State, it’s easy for a student to always be finding new places and new things in their area. While that’s awesome, it also means that there are lots of opportunities to spend money and eat away at your budget. A little bit of personal spending is okay, but if you’re on Illinois State financial aid, you really want to be careful about your expenses.
ISU Student Loans
All financial aid packages are meted out with some mix of four major ingredients: student loans, work-study programs, grants, and scholarships. Any aid you receive through the Illinois State University financial aid program will have some blend of any or all of these forms of aid, and more than half of all students at ISU are totally satisfied with taking out federal student loans and accepting the rest of their aid packages. About 9% of ISU students, however, have to seek additional funding after receiving their financial aid, as the funds they were given just weren’t enough to cover all their college costs. For students in this situation, private student loans can be a good option to cover costs when all other options are burned out.
The Illinois State Financial Aid Department offers a wide array of off-campus employment opportunities to the students. These include part-time jobs in the Bloomington-Normal area. The employers are constantly working with Illinois State University, to provide the students with comprehensive flexibility as they work. Paychecks are directly received from the employers. There are also opportunities to get the Federal Work-Study plan at this university. FAFSA form is mandatory for the application of this student employment.
Pay for Illinois State University*
|Total Avg. Cost||$22,751|
|Room & Board||Not Avail.|
|Financial Aid Information|
|Students Receiving Fin Aid||68%|
|Typical Grant Amounts|
|Avg. Other Stud. Loans||$10,447|
|%Receiving Other Loans||8%|
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*Data source is the Integrated Postsecondary Education Data System (IPEDS) the data collection program for the National Center for Education Statistics