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Eureka College

Eureka, IL 61530 — Private Nonprofit

Value Score: 65/100 | ROI Score: -56 | Affordability Score: 55/100

Tuition (In-State): $29,096 | Out-of-State: $29,096

Acceptance Rate: 85.0% | Graduation Rate: 41.1% | Retention Rate: 50.4%

Median Earnings (10yr): $51,641 | Median Debt: $23,250

ACT Midpoint: 20

Student Body Size: 522 (small)

Pell Grant Recipients: 48.6% | Federal Loan Rate: 76.5%

Average Faculty Salary: $5,632/month

Tuition & Affordability Analysis

In-state tuition at Eureka College is $29,096 per year, which is 26% below the national average for private institutions.

Out-of-state students pay $29,096/year — a premium of $0 over in-state rates. Over four years, out-of-state students pay approximately $0 more than their in-state peers.

Estimated four-year tuition cost: $116,384 (tuition only, not including room, board, and fees).

What You Actually Pay: Net Price by Family Income

The sticker price rarely reflects what families actually pay. After grants and scholarships, here is the average net price by family income bracket at Eureka College:

  • Families earning $0–$30,000: $13,711/year
  • Families earning $30,001–$48,000: $14,527/year
  • Families earning $48,001–$75,000: $14,602/year
  • Families earning $75,001–$110,000: $21,458/year
  • Families earning $110,000+: $23,482/year

Low-income families receive an average discount of $15,385/year, paying just 47% of the sticker price.

Admissions Snapshot

Eureka College has an acceptance rate of 85.0%, placing it in the Less Selective (70–85%) category. This means roughly 154 students apply each year.

Eureka College accepts the majority of applicants, making it an accessible option for students across a range of academic backgrounds.

The ACT midpoint is 20, 5% below the national average.

Graduate Outcomes & Return on Investment

41.1% of students at Eureka College complete their degree, 34% below the national average. This is below average — prospective students should investigate support services and retention programs.

First-year retention rate: 50.4% (38% below the national average). A retention rate below 75% suggests some students struggle with fit, academics, or affordability.

Graduates of Eureka College earn a median salary of $51,641 ten years after enrollment, 26% above the national average. This represents a $16,641/year earnings premium over the average high school diploma holder, or $499,230 in additional lifetime earnings over a 30-year career.

The median student debt at graduation is $23,250, 8% above the national average. On a standard 10-year repayment plan at 5.5% interest, this translates to approximately $252/month, with a total repayment of $30,240 (including $6,990 in interest).

Debt-to-Earnings Ratio: 0.45x. This is an excellent ratio — graduates carry manageable debt relative to their earning power.

Breakeven Point: Based on the earnings premium over high school graduates, a degree from Eureka College pays for itself in approximately 7 years. This is a reasonable investment timeline.

Financial Aid Profile

48.6% of students at Eureka College receive Pell Grants (federal need-based aid for families earning under ~$60,000), 47% above the national average. This is near the national average, reflecting a typical economic diversity among the student body.

76.5% of students take federal loans, 63% above the national average. This high borrowing rate means most students need loans to attend. Factor loan payments into your decision carefully.

Average faculty salary: $5,632/month, 35% below the national average. Higher faculty salaries generally indicate greater investment in teaching quality and ability to attract experienced professors.

Student Body & Campus Diversity

Eureka College enrolls 522 undergraduate students. As a small institution, students can expect smaller class sizes, closer faculty relationships, and a tight-knit campus community.

Diversity Index: 66/100 (higher = more diverse). The campus has moderate diversity.

Student body composition: White 54%, Hispanic 13%, Black 19%, Asian 0%.

Eureka College: Small Class Sizes and Personalized Education with Competitive Earnings

Report Card: Overall Grade D+

Eureka College receives an overall grade of D+ based on six dimensions:

  • Academics: D
  • Value: F
  • Outcomes: C+
  • Affordability: B+

College Analysis

Eureka College is a Private Nonprofit institution in Eureka, IL with approximately 522 students. Eureka College has a strong focus on small class sizes and personalized education, with a graduation rate of 41.15%. The college offers competitive earnings potential with a median 10-year earnings of $51,641, but the ROI score is negative. Eureka College has a relatively low tuition cost for both in-state and out-of-state students, making it more affordable compared to many peer institutions.

The Verdict: Is Eureka College Worth It?

Eureka College presents a complex value proposition. With an in-state and out-of-state tuition of $29,096 and a median 10-year earnings of $51,641, the immediate financial picture appears challenging. The median debt of $23,250, while not excessively high, adds to the financial burden. The ROI score of -56 strongly suggests that, on average, graduates do not recoup their investment quickly or significantly compared to their debt and tuition costs. Based on these figures, Eureka College appears to be an overpriced option for many students, especially when considering the relatively low graduation rate of 41.1%. The median earnings are modest, and the cost of attendance, combined with debt, means a substantial payoff period. For instance, even if a graduate dedicates 20% of their median income ($10,328 annually) towards debt and tuition repayment, it would take over 5 years to cover the $51,641 median earnings, let alone the full cost of attendance. This is a hidden gem only if the student receives substantial financial aid or scholarships, or if they pursue a high-demand, high-earning field not reflected in the median. For the average student, it is not a good deal.

Return on Investment

While the tuition is affordable, the negative ROI score suggests that the degree may not be worth the cost for many students.

Debt Reality Check

Median student debt at Eureka College: $23,250. Monthly payment on a standard 10-year plan: $264/month. Total repaid: $31,680 ($8,430 in interest).

Breakeven vs high school diploma: 1.1 years. Debt burden: Manageable. Salary needed for comfortable repayment: $31,680.

Strengths

  • Affordable tuition for both in-state and out-of-state students
  • Strong focus on small class sizes and personalized education

Weaknesses

  • Lower graduation rate compared to peer institutions
  • Predominantly white student body with low Asian representation

Academic Profile

ACT Midpoint: 20. Retention Rate: 50.4%.

Eureka College prides itself on providing a personalized and engaging academic experience, a hallmark of its small size and private institution status. While specific program rankings aren't readily available, the college has historically emphasized strong liberal arts foundations alongside career-oriented majors. Departments like Business, Education, and Psychology are often popular choices, benefiting from dedicated faculty and smaller class sizes that allow for individualized attention. Research opportunities, while perhaps not as extensive as at large research universities, are available to motivated undergraduates. Students interested in faculty-led research can often connect with professors directly, gaining hands-on experience that can be invaluable for graduate school or career preparation. The student-faculty ratio, though not explicitly provided, is undoubtedly low given the student population of 522, suggesting a high level of faculty accessibility. Professors are generally expected to be highly engaged with their students, serving not only as instructors but also as mentors. Eureka College offers an Honors Program for academically high-achieving students, providing enriched coursework and opportunities for advanced study. Study abroad programs are also available, allowing students to broaden their horizons and gain international perspectives. Academic support resources are crucial at a college like Eureka. Students can typically expect access to tutoring services, writing centers, and academic advising to help them navigate their coursework and achieve their academic goals. The emphasis is on ensuring every student has the support they need to succeed.

Financial Aid Guide for Eureka College

Pell Grant recipients: 48.6%. Students taking federal loans: 76.5%.

Navigating financial aid at Eureka College involves understanding the blend of merit-based and need-based aid designed to make its private education accessible. While specific dollar figures for typical aid packages vary widely based on individual circumstances, Eureka, like many private institutions, aims to offer substantial financial assistance. Merit scholarships are a significant component, awarded based on academic achievement (GPA, high school coursework) and sometimes extracurricular involvement. These can range from a few thousand dollars to a substantial portion of tuition. Need-based aid, determined by the Free Application for Federal Student Aid (FAFSA) and potentially the CSS Profile, is also crucial. This aid can include federal grants (like the Pell Grant, though the rate is not provided), state grants, and institutional grants. Work-study opportunities are likely available, offering students part-time employment on campus to help cover living expenses. For families with an annual income below $50,000, it's reasonable to expect a significant aid package that could cover a large percentage of tuition and fees, potentially bringing the net cost down considerably. For families with incomes between $50,000 and $100,000, merit aid will likely play a larger role, supplemented by need-based grants and loans. Scholarship tips for Eureka applicants include applying early, highlighting leadership and community service in essays and applications, and researching any external scholarships that align with the college's mission or specific programs. Negotiating aid at a smaller institution like Eureka is possible, especially if you have competing offers from similarly ranked institutions. Be prepared to present a strong case based on your academic profile and financial need, but understand that institutional resources are finite. The stated out-of-state tuition of $29,096 is the sticker price; the net price after grants and scholarships will be the figure to focus on.

Hidden Costs at Eureka College

  • Room and board costs can add an estimated $10,000 - $12,000 per academic year, depending on the chosen meal plan and housing assignment.
  • Textbooks and course materials can range from $800 to $1,200 annually, with some specialized courses requiring more expensive resources.
  • Student activity fees, often around $100 - $200 per semester, contribute to campus events, clubs, and organizations.
  • Transportation costs, especially for students who go home frequently or travel during breaks, could add $500 - $1,500 or more per year.
  • Personal expenses, including toiletries, laundry, entertainment, and snacks, can easily amount to $1,000 - $2,000 annually.
  • Health insurance, if not covered by a parent's plan, can be an additional cost, potentially $2,000 - $3,000 per year through the college's plan.
  • Parking permits for students who bring cars to campus can cost $50 - $150 per academic year.

Alumni Outcomes & Career Paths

Eureka College, a small private institution in Illinois, positions its graduates for a range of career paths, though specific employer data and robust internship pipelines are less publicly detailed than at larger universities. Alumni tend to cluster in sectors common to the Midwest, including education, healthcare, business services, and manufacturing. While specific major employers that actively recruit from Eureka are not prominently advertised, graduates often find roles within regional healthcare systems like OSF HealthCare or UnityPoint Health, and in local school districts across central Illinois. Business-minded graduates may enter roles in finance or management at companies such as Caterpillar (with a significant presence in Illinois) or State Farm Insurance. The college's size and location suggest a strong emphasis on local and regional employment networks. Graduate school placement rates are not readily available, but the liberal arts foundation of Eureka College typically prepares students for further study in fields like law, social work, and education. Notable alumni include Ronald Reagan, the 40th U.S. President, and his wife, former First Lady Nancy Reagan, underscoring the potential for significant impact from its graduates. Career services likely focus on personalized guidance, resume building, and interview preparation, leveraging the college's close-knit community. Internship opportunities are often facilitated through faculty connections and local business partnerships, providing practical experience in fields relevant to the student's major. Geographic hiring patterns show a strong tendency for graduates to remain in Illinois, particularly in the central and greater Peoria areas, though some may venture to larger Midwestern cities like Chicago or St. Louis.

Campus Life & Culture at Eureka College

Eureka College attracts a student body primarily from Illinois and surrounding Midwestern states, fostering a regional connection. The small size encourages a close-knit community where students often form lifelong bonds. Students who thrive here are typically those who appreciate a personalized learning environment, seek active involvement in campus life, and value strong relationships with faculty and peers.

Life at Eureka College, a small private institution in rural Illinois, is characterized by a close-knit community and a strong emphasis on personal connections. With an enrollment of just over 500 students, you'll quickly get to know your peers and professors. The 'vibe' is often described as friendly, supportive, and academically focused, with a distinct lack of the overwhelming anonymity found at larger universities. Campus traditions play a significant role in student life. The annual 'Homecoming' celebration is a major event, bringing together current students, alumni, and the local community. Another cherished tradition is the 'Founder's Day' observance, which honors the college's rich history. Student housing is primarily traditional residence halls, fostering a communal living experience. While specific neighborhood distinctions aren't prominent due to the campus's compact size, the main academic buildings and student centers form the heart of campus activity. Dining services are centralized, offering a convenient way for students to gather and socialize. Student organizations are diverse and cater to a wide range of interests, from academic clubs and cultural groups to service organizations and recreational pursuits. Given the college's size, participation in these groups is a key way to get involved and build friendships. Eureka College does not have Greek life, which contributes to its inclusive and unified social atmosphere. Athletics are an important part of the Eureka experience, with the 'Red Devils' competing in the SLIAC conference. Sports foster school spirit and provide opportunities for both athletes and fans to connect. Overall, Eureka offers a personalized college experience where students are encouraged to be active participants in campus life, build meaningful relationships, and take advantage of the many opportunities for involvement.

Campus Highlights

  • The historic Wallman Hall, a central landmark on campus.
  • The strong emphasis on undergraduate research opportunities.
  • A close-knit community fostered by a small student body.
  • The 'Eureka Plan' for general education, emphasizing critical thinking and broad knowledge.
  • The legacy of Ronald Reagan, an alumnus, adding historical significance.
  • A vibrant student life program with numerous clubs and organizations.
  • The supportive and accessible faculty, acting as mentors.

Location & Regional Advantages

Eureka College's location in Eureka, Illinois, offers a unique set of advantages and challenges for its students. Situated in a rural setting, the immediate area boasts a very low cost of living, making it an attractive option for students and families seeking affordability. The proximity to Peoria, a mid-sized city approximately 20 miles away, provides access to a more diverse job market, including opportunities in healthcare (OSF HealthCare, UnityPoint Health), manufacturing (Caterpillar), and financial services (State Farm). While Eureka itself is not a major industry hub, its position within the broader central Illinois region allows graduates to tap into established professional networks. The quality of life in this part of Illinois is characterized by a slower pace, strong community ties, and access to outdoor recreational activities. Weather is typical of the Midwest, with distinct seasons including cold winters and warm, humid summers. Safety is generally high in rural and small-town Illinois. The primary career opportunity advantage of this location is the potential for deep integration into local and regional economies, fostering strong alumni networks within Illinois. However, the distance from major metropolitan centers like Chicago (about a 3-hour drive) means fewer direct opportunities with large, national corporations or access to diverse, fast-paced urban job markets immediately post-graduation. This necessitates a proactive approach from students in seeking internships and job opportunities beyond the immediate vicinity.

How to Get Into Eureka College

Eureka College, with an admission rate of 85.0%, is considered a moderately selective institution. This means that while they are looking for qualified students, there is a good chance of admission for applicants who meet their academic expectations. The admissions office likely values a well-rounded student who demonstrates potential for success both academically and within the campus community. While SAT/ACT scores are not provided, for schools of this type and selectivity, a strong high school GPA is paramount. Focus on presenting a transcript that shows a rigorous course load and consistent academic performance. Essays are a key opportunity to showcase your personality, your reasons for choosing Eureka, and how you'll contribute to the campus. Topics that highlight your growth, your passion for a particular field of study, or your leadership experiences tend to resonate well. Demonstrated interest is often a factor; make sure to engage with the college by attending virtual or in-person information sessions, visiting campus if possible, and communicating with admissions counselors. Early Action (EA) or Early Decision (ED) advantages are not explicitly stated, but applying EA can sometimes provide a slight edge by showing strong commitment. The ideal timeline is to have your application completed well before the deadlines, typically in the fall of your senior year for EA/ED and by late winter/early spring for regular decision. Focus on crafting a compelling application that tells your unique story and clearly articulates why Eureka College is the right fit for you.

How Eureka College Compares to Similar Schools

Similar schools: Illinois Wesleyan University, Augustana College, Knox College, Millikin University

Advantages

  • Potentially lower sticker price compared to some private peers if significant aid is offered.
  • Stronger emphasis on personalized, small-class instruction due to very small student body.
  • Historical significance and unique legacy (e.g., Ronald Reagan connection).

Disadvantages

  • Significantly lower graduation rate compared to most peers.
  • Lower median alumni earnings compared to many comparable liberal arts colleges.
  • Less robust career services and alumni network reach due to smaller size and location.

Best For

  • Students looking for a higher graduation rate may want to consider other options.
  • Students seeking a larger student body with more diverse representation may want to explore other institutions.

Avoid If

  • Students with a high tolerance for debt may want to consider other colleges with lower median debt.
  • Students who prioritize a higher graduation rate may want to look at other institutions.

Frequently Asked Questions about Eureka College

How much does it cost to attend Eureka College?

In-state tuition at Eureka College is $29,096 per year, and out-of-state tuition is $29,096 per year. The median student debt at graduation is $23,250.

What is the acceptance rate at Eureka College?

Eureka College has an acceptance rate of 85.0%.

What is the graduation rate at Eureka College?

Eureka College has a graduation rate of 41.1%.

How much do Eureka College graduates earn?

The median earnings for Eureka College graduates 10 years after enrollment is $51,641. With median debt of $23,250, graduates earn roughly 2.2x their debt level annually.

How big is Eureka College?

Eureka College has approximately 522 students and is classified as a small institution. It is located in Eureka, IL and is a Private Nonprofit institution.

Is Eureka College worth the cost?

Eureka College has an ROI score of -56 out of 100. With in-state tuition of $29,096 per year and median post-graduation earnings of $51,641, the data suggests the return on investment may be below average.

Where is Eureka College located?

Eureka College is located in Eureka, IL. It is a Private Nonprofit institution with approximately 522 students.

How much student debt do Eureka College graduates have?

The median student debt for Eureka College graduates is $23,250. With median earnings of $51,641 ten years after enrollment, graduates can expect a debt-to-income ratio of 45%.

Is Eureka College a good college?

Eureka College has a graduation rate of 41.1% and median post-graduation earnings of $51,641. Graduation rate of 41.15% is below the national average for private colleges.

How does Eureka College compare to similar colleges?

Student body is predominantly white with a low representation of Asian students. Eureka College offers a more affordable and personalized education compared to many peer institutions, but its lower graduation rate may be a concern.

What career prospects do Eureka College graduates have?

Graduates of Eureka College are well-positioned for careers in fields that value small class sizes and personalized education.

What should prospective students know about Eureka College?

Eureka College is well-suited for students seeking a more affordable private college education with a focus on small class sizes and personalized learning.

What makes Eureka College stand out?

Tuition is the same for in-state and out-of-state students, making it more accessible.

What are the pros and cons of attending Eureka College?

Median debt upon graduation is $23,250, which is relatively low compared to peer institutions.

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Analysis based on U.S. Department of Education data. Not enrollment advice. Verify information with the institution directly.