CollegeTuitionData — College Data in Plain English

Knox College

Galesburg, IL 61401 — Private Nonprofit

Value Score: 75/100 | ROI Score: -76 | Affordability Score: 35/100

Tuition (In-State): $57,903 | Out-of-State: $57,903

Acceptance Rate: 70.8% | Graduation Rate: 67.6% | Retention Rate: 83.1%

Median Earnings (10yr): $54,820 | Median Debt: $27,000

SAT Average: 1326 | ACT Midpoint: 28

Student Body Size: 1,127 (small)

Pell Grant Recipients: 30.9% | Federal Loan Rate: 67.3%

Average Faculty Salary: $7,221/month

Tuition & Affordability Analysis

In-state tuition at Knox College is $57,903 per year, which is 47% above the national average for private institutions.

Out-of-state students pay $57,903/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: $231,612 (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 Knox College:

  • Families earning $0–$30,000: $17,134/year
  • Families earning $30,001–$48,000: $17,363/year
  • Families earning $48,001–$75,000: $23,844/year
  • Families earning $75,001–$110,000: $25,402/year
  • Families earning $110,000+: $31,983/year

Low-income families receive an average discount of $40,769/year, paying just 30% of the sticker price.

Admissions Snapshot

Knox College has an acceptance rate of 70.8%, placing it in the Less Selective (70–85%) category. This means roughly 398 students apply each year.

The average SAT score of admitted students is 1326, 25% above the national average. This reflects a strong academic student body.

The ACT midpoint is 28, 33% above the national average.

Graduate Outcomes & Return on Investment

67.6% of students at Knox College complete their degree, 9% above the national average. This is a solid graduation rate.

First-year retention rate: 83.1% (near the national average). This indicates most students are satisfied enough to return for sophomore year.

Graduates of Knox College earn a median salary of $54,820 ten years after enrollment, 34% above the national average. This represents a $19,820/year earnings premium over the average high school diploma holder, or $594,600 in additional lifetime earnings over a 30-year career.

The median student debt at graduation is $27,000, 26% above the national average. On a standard 10-year repayment plan at 5.5% interest, this translates to approximately $293/month, with a total repayment of $35,160 (including $8,160 in interest).

Debt-to-Earnings Ratio: 0.49x. 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 Knox College pays for itself in approximately 12 years. This is a longer payback period — consider whether your intended major leads to higher-earning career paths.

Financial Aid Profile

30.9% of students at Knox College receive Pell Grants (federal need-based aid for families earning under ~$60,000), 6% below the national average. This is near the national average, reflecting a typical economic diversity among the student body.

67.3% of students take federal loans, 43% 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: $7,221/month, 17% below the national average. Higher faculty salaries generally indicate greater investment in teaching quality and ability to attract experienced professors.

Student Body & Campus Diversity

Knox College enrolls 1,127 undergraduate students. This mid-sized institution offers a balance between personalized attention and diverse academic offerings.

Diversity Index: 80/100 (higher = more diverse). Knox College has a highly diverse student body with strong representation across multiple racial and ethnic groups.

Student body composition: White 43%, Hispanic 13%, Black 6%, Asian 4%.

Knox College: A Selective, Affordable Private Institution with Strong Earnings Potential

Report Card: Overall Grade D

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

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

College Analysis

Knox College is a Private Nonprofit institution in Galesburg, IL with approximately 1,127 students. Knox College has a strong academic reputation with a high admission rate, indicating selective admissions. The college offers a relatively low tuition for private institutions, making it more affordable compared to peers. Graduates have a median earnings of $54,820 after 10 years, which is above the national average for similar institutions.

The Verdict: Is Knox College Worth It?

Knox College presents a complex value proposition. With an in-state and out-of-state tuition of $57,903 and median 10-year earnings of $54,820, the immediate financial picture appears challenging. The median debt of $27,000, while not exorbitant, adds to the financial burden. The ROI score of -76 strongly suggests that, based on typical earnings trajectories, the return on investment is negative in the short to medium term. The cost of attendance significantly outpaces the median alumni earnings, indicating that graduates may take a considerable amount of time to recoup their educational investment, potentially 10-15 years or more, depending on individual career progression and starting salaries. While Knox offers a strong liberal arts education and a supportive community, the high sticker price relative to median outcomes makes it a financially risky choice for many. It is not a clear 'good deal' and could be considered overpriced for the average graduate's financial return. It is not a hidden gem in terms of financial ROI. Recommendation: Prospective students should meticulously explore all financial aid options, scholarships, and potential for higher-than-median earnings based on their chosen major and career aspirations before committing. A deep dive into specific program outcomes and alumni success stories beyond the median is crucial.

Return on Investment

While the degree is worth the cost in terms of earnings potential, the high debt may be a concern for some students.

Debt Reality Check

Median student debt at Knox College: $27,000. Monthly payment on a standard 10-year plan: $307/month. Total repaid: $36,840 ($9,840 in interest).

Breakeven vs high school diploma: 1.1 years. Debt burden: Manageable. Salary needed for comfortable repayment: $36,840.

Strengths

  • Strong academic reputation and selective admissions.
  • Affordable tuition compared to peers.
  • High graduation rate and strong earnings potential.

Weaknesses

  • Higher median debt compared to some public institutions.
  • Limited resources for highly specialized technical education.

Academic Profile

SAT Average: 1326. ACT Midpoint: 28. Retention Rate: 83.1%.

Knox College prides itself on a rigorous liberal arts education, with a particular strength in fostering critical thinking and interdisciplinary approaches. While many departments are well-regarded, notable programs include Political Science, English, History, and Biology, often feeding into strong graduate school placements. The College emphasizes undergraduate research, providing ample opportunities for students to work alongside faculty on meaningful projects. This is facilitated by a student-faculty ratio that, while not explicitly provided, is typically low at institutions of this size and type, suggesting personalized attention. Faculty are dedicated educators and scholars, committed to mentoring students. Knox offers a robust Honors Program for high-achieving students, providing advanced coursework and research opportunities. Study abroad is strongly encouraged, with a variety of programs available to broaden students' perspectives. Academic support is readily accessible, with resources like the Center for Advising and Academic Support offering tutoring, writing assistance, and academic coaching to ensure students can thrive in their challenging coursework. The emphasis is on a holistic academic journey, preparing students not just for a career, but for a life of learning.

Financial Aid Guide for Knox College

Pell Grant recipients: 30.9%. Students taking federal loans: 67.3%.

Navigating financial aid at Knox College involves understanding both merit-based and need-based opportunities. Given the sticker price of $57,903, financial aid is crucial for most students. Knox offers a range of merit scholarships, often awarded automatically based on academic achievement (GPA and standardized test scores, though these are currently optional). These can range from a few thousand dollars to covering a significant portion of tuition. Need-based aid is also a substantial component, determined by the FAFSA and the CSS Profile. For families with an Expected Family Contribution (EFC) of, say, $10,000, a typical aid package might combine institutional grants, federal Pell Grants (if eligible), and potentially a federal student loan. For families with higher incomes, merit scholarships might be the primary form of institutional aid. Work-study opportunities are available, offering students the chance to earn money through on-campus jobs, typically paying around the federal minimum wage. While Knox is committed to making education accessible, negotiating aid packages can be challenging. It's most effective if you have a competing offer from a similarly ranked institution or if there's been a significant change in your family's financial circumstances. Be sure to submit all required financial aid forms by the deadlines to maximize your eligibility for all types of aid.

Hidden Costs at Knox College

  • Room and board costs can add approximately $14,000 - $16,000 annually, depending on the chosen meal plan and housing assignment.
  • Textbooks and course materials can easily cost $1,000 - $1,500 per academic year.
  • Student activity fees, often around $200 - $400 per semester, fund campus organizations and events.
  • Personal expenses, including toiletries, laundry, and entertainment, can range from $1,500 - $3,000 per year.
  • Transportation costs for travel home during breaks or for personal trips can vary significantly but budget at least $500 - $1,000 annually.
  • Health insurance, if not covered by a parent's plan, can add $2,000 - $4,000 per year.
  • Parking permits for students with cars on campus can cost $100 - $300 annually.

Alumni Outcomes & Career Paths

Knox College, a private liberal arts institution in Galesburg, IL, prepares graduates for a diverse range of career paths and further academic pursuits. While specific data on major employers actively recruiting on campus is not readily available, alumni networks and career services reports indicate a strong presence in fields such as education, non-profit management, and various professional services. Industries where Knox alumni tend to cluster include healthcare, technology, finance, and the arts. The college emphasizes a liberal arts foundation, which equips graduates with critical thinking and communication skills highly valued across sectors. Graduate school placement rates are generally strong, with alumni pursuing advanced degrees in law, medicine, and various PhD programs at institutions nationwide. Notable alumni include Pulitzer Prize-winning author Carl Sandburg, former U.S. Senator Paul Douglas, and numerous leaders in business and academia. Knox College's career services department is dedicated to fostering internship pipelines and providing robust career counseling. While specific internship partners vary, students are encouraged to seek opportunities in nearby urban centers like the Quad Cities (Davenport, IA; Rock Island, IL; Moline, IL; Bettendorf, IA) and Peoria, IL, as well as Chicago, which is within a few hours' drive. Geographic hiring patterns show a tendency for graduates to find employment in Illinois, the Midwest, and increasingly, in major metropolitan areas across the United States, reflecting the adaptability of a Knox education. The small class sizes and close faculty relationships facilitate personalized career guidance and networking opportunities.

Campus Life & Culture at Knox College

Knox College attracts a diverse student body, with a good mix of students from Illinois and across the United States, as well as international students, contributing to a rich cultural tapestry. Students who thrive at Knox are typically intellectually curious, engaged, and appreciate a close-knit community where they can form strong relationships with peers and faculty.

Knox College cultivates a close-knit, intellectually curious campus community, often described as having a 'small college feel with big college opportunities.' Located in Galesburg, Illinois, the campus itself is a beautiful arboretum, fostering a serene environment for study and socializing. The student body of around 1,100 is highly engaged, with a strong emphasis on student-led initiatives and a collaborative spirit. Social life isn't dominated by a massive Greek system; while fraternities and sororities exist, they are a smaller part of the social fabric, with many students finding their community through academic departments, clubs, or campus-wide events. The College hosts numerous traditions, like the annual "Homecoming" celebration and the "President's Ball," which are central to the student experience. Residential life is a key component, with most students living on campus in a variety of residence halls, from traditional dorms to apartment-style living for upperclassmen. The campus dining hall, often referred to as the 'Searle Center,' is a central hub for meals and informal gatherings. Student organizations are abundant, covering everything from debate and theater to environmental activism and cultural groups, ensuring there's a niche for every interest. The 'vibe' at Knox is one of genuine connection, intellectual exploration, and a shared commitment to making the most of the liberal arts experience. Students are encouraged to be active participants, not just observers, in campus life.

Campus Highlights

  • The Lincoln-Douglas Debate Museum, celebrating the historic 1858 debate held on campus.
  • The George Davis Sculpture Garden, featuring impressive outdoor art installations.
  • The Henderson Auditorium, a beautifully restored historic venue for performances.
  • The extensive arboretum campus, providing a natural and serene environment.
  • The strong emphasis on undergraduate research and faculty mentorship.
  • The 'First Night' tradition, welcoming new students and introducing them to campus life.
  • The vibrant student-run radio station, WKTT.

Location & Regional Advantages

Knox College's location in Galesburg, Illinois, offers a unique blend of Midwestern charm and strategic access to larger economic centers. Galesburg itself provides a lower cost of living compared to major metropolitan areas, making student expenses more manageable. While the immediate local job market is modest, it offers opportunities in sectors like education, healthcare, and local government. The true geographic advantage lies in its proximity to several key Midwestern hubs. The Quad Cities (approximately 45 minutes away) and Peoria (approximately 1 hour away) offer a more diverse range of employment and internship opportunities in manufacturing, healthcare, and finance. Chicago, a major national economic and cultural center, is roughly a 3-hour drive, providing access to a vast array of industries, including finance, technology, marketing, and the arts. This proximity allows Knox students to leverage internships and job opportunities in larger cities while benefiting from the more focused and potentially less distracting environment of a smaller college town. The quality of life in Galesburg is characterized by a friendly community atmosphere and a slower pace, which can be appealing to students seeking a focused academic experience. Weather is typical of the Midwest, with four distinct seasons. Safety is generally good in Galesburg, contributing to a secure campus environment. The location's primary impact on career opportunities is the need for students to be proactive in seeking internships and jobs in larger metropolitan areas, utilizing the college's career services and alumni network to bridge the distance.

How to Get Into Knox College

Knox College employs a holistic review process, meaning they look beyond just grades and test scores. While the admission rate hovers around 70.8%, indicating moderate selectivity, a strong application is still key. The admissions committee values academic rigor, intellectual curiosity, and a demonstrated interest in contributing to the Knox community. For students submitting scores, the ACT midpoint is a useful, though not definitive, benchmark. Strong essays are crucial; focus on showcasing your personality, unique experiences, and how you'll engage with Knox's liberal arts ethos. Topics that explore your intellectual passions, challenges you've overcome, or your desire for a close-knit academic environment tend to resonate. Demonstrated interest is important; this can be shown through campus visits (virtual or in-person), attending information sessions, and engaging with admissions counselors. Applying Early Decision (ED) or Early Action (EA) can be advantageous, signaling a strong commitment to Knox. The typical timeline involves submitting applications by November 1st for ED/EA and January 15th for Regular Decision, with financial aid applications due shortly thereafter.

How Knox College Compares to Similar Schools

Similar schools: Grinnell College, Lawrence University, Monmouth College, Coe College

Advantages

  • Strong emphasis on undergraduate research and faculty mentorship, fostering close student-faculty relationships.
  • A more diverse and robust alumni network due to its longer history and broader reach.
  • Proximity to larger Midwestern cities like Chicago, offering more internship and post-graduation job opportunities compared to some peers located in more isolated areas.

Disadvantages

  • Higher sticker price compared to some regional peers, potentially leading to higher student debt.
  • Lower graduation rate (67.6%) compared to some highly selective liberal arts colleges, suggesting potential retention challenges or a less direct path to graduation for some students.
  • Median earnings are on the lower end compared to national averages for liberal arts graduates, impacting the immediate financial return on investment.

Best For

  • Prospective students interested in large-scale research institutions may find Knox College less suitable.
  • Students seeking a highly specialized technical education may not find the resources they need here.

Avoid If

  • Students looking for a high-cost, high-debt education may want to consider more affordable options.
  • Those seeking a large campus with extensive extracurricular activities might find Knox College less appealing.

Frequently Asked Questions about Knox College

How much does it cost to attend Knox College?

In-state tuition at Knox College is $57,903 per year, and out-of-state tuition is $57,903 per year. The median student debt at graduation is $27,000.

What is the acceptance rate at Knox College?

Knox College has an acceptance rate of 70.8%.

What is the graduation rate at Knox College?

Knox College has a graduation rate of 67.6%.

How much do Knox College graduates earn?

The median earnings for Knox College graduates 10 years after enrollment is $54,820. With median debt of $27,000, graduates earn roughly 2.0x their debt level annually.

How big is Knox College?

Knox College has approximately 1,127 students and is classified as a small institution. It is located in Galesburg, IL and is a Private Nonprofit institution.

Is Knox College worth the cost?

Knox College has an ROI score of -76 out of 100. With in-state tuition of $57,903 per year and median post-graduation earnings of $54,820, the data suggests the return on investment may be below average.

Where is Knox College located?

Knox College is located in Galesburg, IL. It is a Private Nonprofit institution with approximately 1,127 students.

How much student debt do Knox College graduates have?

The median student debt for Knox College graduates is $27,000. With median earnings of $54,820 ten years after enrollment, graduates can expect a debt-to-income ratio of 49%.

Is Knox College a good college?

Knox College has a graduation rate of 67.6% and median post-graduation earnings of $54,820. Selective admissions with a 70.79% acceptance rate.

How does Knox College compare to similar colleges?

Small class sizes and a focus on liberal arts education. Compared to peer institutions, Knox College offers a more affordable tuition and a strong earnings potential after graduation.

What career prospects do Knox College graduates have?

Graduates of Knox College are well-prepared for careers in a variety of fields, particularly those that value a strong liberal arts education.

What should prospective students know about Knox College?

Knox College is positioned in the market as a selective, affordable private institution with a strong focus on liberal arts education.

What makes Knox College stand out?

High graduation rate of 67.62%.

What are the pros and cons of attending Knox College?

Median debt of $27,000 is below the national average for private institutions.

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