College Cost Planning in South Elgin, IL 2026
Estimate tuition, housing, financial aid, and payback using local planning benchmarks for South Elgin, Illinois. Use the calculator to stress-test your net cost before borrowing.
Local Planning Model, Not a School Directory
DegreeCalc treats South Elgin as an education-cost market for tuition, rent, aid, and payback planning. We do not publish synthetic or unverified institution names on this page. Before applying, verify specific schools with NCES College Navigator, College Scorecard, official catalogs, and each school's net price calculator.
Avg Public Tuition
$15,400
per year
Avg Private Tuition
$38,000
per year
Avg Rent Near Campus
$723
per month
Local Cost Market
2
benchmark points
South Elgin Overview
Population
24,032
Student Population
1,326 (5.5%)
Cost of Living Index
94.9 (avg: 100)
Walk Score
45/100
Transit Score
26/100
Unemployment Rate
4.2%
College Cost Calculator for South Elgin
Cost Inputs
Total Cost (4 Years, Public In-State)
$118,648
Total After Financial Aid
$118,648
Annual Cost
$29,662
Annual After Aid
$29,662
Cost Breakdown (4 Years)
If Financed (10-Year Loan at 6.5%)
| Loan Amount | $118,648 |
| Monthly Payment | $1,347 |
| Total Interest | $43,019 |
| Total Loan Cost | $161,667 |
Education Cost Benchmarks in South Elgin
These are city-level planning estimates for tuition, housing, aid, and student costs. Use them for budgeting, then verify specific schools with NCES College Navigator, College Scorecard, and the institution's own net price calculator.
Institution count
2
Public tuition
$15,400
Private tuition
$38,000
Community college
$5,800
Cost of Living in South Elgin vs. National Average
| Category | South Elgin | National Avg | Difference |
|---|---|---|---|
| Public Tuition (In-State) | $15,400 | $10,940 | +$4,460 |
| Monthly Rent Near Campus | $723 | $1,050 | -$327 |
| Cost of Living Index | 94.9 | 100 | -5.099999999999994 |
South Elgin's cost of living is below the national average. This makes it a more affordable city for students compared to many other college towns.
Student Life in South Elgin
Walk Score
Car-Dependent
Transit Score
Minimal Transit
Student Population
1,326 students
South Elgin has a total population of 24,032, with approximately 1,326 college students (5.5% of the population). While not primarily a college town, South Elgin offers students access to urban amenities, diverse employment opportunities, and a wide range of cultural experiences.
Post-Graduation Outlook in South Elgin
$38,207
Starting Salary
4.2%
Unemployment Rate
63%
Graduation Rate
~37 yrs
ROI Payback Period
Return on Investment Analysis
Graduates from colleges in South Elgin earn a median starting salary of $38,207, which is $3,207 more per year the average high school graduate salary of $35,000. At the modeled net cost, the salary premium would take about 37 years to cover the investment. With average financial aid of $12,173 per student per year, the net cost can change materially by school and program.
Other Cities in Illinois
Chicago
98 colleges · Avg tuition $14,816
Joliet
12 colleges · Avg tuition $8,958
Naperville
13 colleges · Avg tuition $8,287
Rockford
8 colleges · Avg tuition $9,764
Elgin
13 colleges · Avg tuition $10,014
Springfield
9 colleges · Avg tuition $12,413
Peoria
5 colleges · Avg tuition $8,032
Champaign
7 colleges · Avg tuition $16,004
Decatur
7 colleges · Avg tuition $8,845
Aurora
7 colleges · Avg tuition $15,400
Waukegan
4 colleges · Avg tuition $15,400
Cicero
4 colleges · Avg tuition $15,400
Methodology & Education Data Sources for South Elgin
How we compile South Elgin college data: Our institution profiles, tuition figures, and outcome data combine multiple federal datasets — primarily IPEDS (Integrated Postsecondary Education Data System), which all Title IV-eligible US colleges report to annually, and College Scorecard from the US Department of Education. Cost-of-attendance figures include published tuition, fees, room/board, books, and transportation per institutional reporting.
- Tuition data reflects published in-state and out-of-state rates per IPEDS for South Elgin institutions, updated annually.
- Acceptance rates sourced from College Scorecard (most recent reporting cycle), reflecting first-year first-time freshman admissions.
- Earnings outcomes tracked 6-10 years post-enrollment per College Scorecard, comparing earnings to high school graduates ($30,200 baseline).
- Default rates: Cohort Default Rate (CDR) from US Dept of Education tracks 3-year repayment outcomes after entering repayment.
- Local context: South Elgin's walk score, transit options, and cost of living affect total college expenses beyond tuition.
Authoritative US education data sources:
- IPEDS — Integrated Postsecondary Education Data — federal college data
- College Scorecard (US Dept of Education) — earnings, debt, completion
- NCES Digest of Education Statistics — education indicators
- Federal Student Aid (FAFSA) — official US student loan info
- NCES College Navigator — official institution search
- BLS Occupational Outlook Handbook — career outcomes by major
Education Disclaimer: College data reflects most recent IPEDS/Scorecard reporting (typically 1-2 year lag). Tuition can change annually. Always verify current figures with the institution's financial aid office. Use the FAFSA Estimator for personalized aid eligibility.
Reviewed by Brazora Monk · Last updated 2026 · IPEDS data current as of latest annual release
Frequently Asked Questions
How much does college cost in South Elgin, IL?
Average annual in-state public university tuition in South Elgin is $15,400. Private university tuition averages $38,000, and community college tuition averages $5,800. When room and board ($14,262/year) is included, the total annual cost at a public university is approximately $29,662.
How many local cost benchmarks are used for South Elgin, IL?
South Elgin uses approximately 2 local education-market benchmark points for tuition, housing, and student-cost planning. The city has an estimated student population of approximately 1,326, which represents 5.5% of the total population.
What is the average rent near campus in South Elgin?
The average rent near college campuses in South Elgin is approximately $723 per month. The city has a cost of living index of 94.9 (national average is 100), a walk score of 45, and a public transit score of 26. Students can save on housing by sharing apartments or living further from campus.
What is the average starting salary after college in South Elgin?
College graduates in South Elgin earn a median starting salary of $38,207. The local unemployment rate is 4.2%. With an average financial aid package of $12,173 per student and a 63% graduation rate, students should carefully plan their college journey to maximize their return on investment.
Is it worth going to college in South Elgin, IL?
With a median starting salary of $38,207 and an average 4-year public university cost of $118,648 (including room and board), the modeled salary premium can recoup the net investment in about 37 years. The 63% graduation rate underscores the importance of choosing the right program and staying on track academically.
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