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Moody Bible Institute

Chicago, IL 60610-3284 — Private Nonprofit

Value Score: 75/100 | ROI Score: -28 | Affordability Score: 75/100

Tuition (In-State): $15,786 | Out-of-State: $15,786

Acceptance Rate: 82.7% | Graduation Rate: 62.1% | Retention Rate: 83.9%

Median Earnings (10yr): $45,399 | Median Debt: $18,149

Student Body Size: 1,510 (small)

Pell Grant Recipients: 36.3% | Federal Loan Rate: 41.7%

Average Faculty Salary: $9,213/month

Tuition & Affordability Analysis

In-state tuition at Moody Bible Institute is $15,786 per year, which is 60% below the national average for private institutions.

Out-of-state students pay $15,786/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: $63,144 (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 Moody Bible Institute:

  • Families earning $0–$30,000: $21,293/year
  • Families earning $30,001–$48,000: $23,057/year
  • Families earning $48,001–$75,000: $20,599/year
  • Families earning $75,001–$110,000: $25,676/year
  • Families earning $110,000+: $22,897/year

Admissions Snapshot

Moody Bible Institute has an acceptance rate of 82.7%, placing it in the Less Selective (70–85%) category. This means roughly 457 students apply each year.

Moody Bible Institute accepts the majority of applicants, making it an accessible option for students across a range of academic backgrounds.

Graduate Outcomes & Return on Investment

62.1% of students at Moody Bible Institute complete their degree, near the national average. This is a solid graduation rate.

First-year retention rate: 83.9% (4% above the national average). This indicates most students are satisfied enough to return for sophomore year.

Graduates of Moody Bible Institute earn a median salary of $45,399 ten years after enrollment, 11% above the national average. This represents a $10,399/year earnings premium over the average high school diploma holder, or $311,970 in additional lifetime earnings over a 30-year career.

The median student debt at graduation is $18,149, 16% below the national average. On a standard 10-year repayment plan at 5.5% interest, this translates to approximately $197/month, with a total repayment of $23,640 (including $5,491 in interest).

Debt-to-Earnings Ratio: 0.40x. 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 Moody Bible Institute pays for itself in approximately 7 years. This is a reasonable investment timeline.

Financial Aid Profile

36.3% of students at Moody Bible Institute receive Pell Grants (federal need-based aid for families earning under ~$60,000), 10% above the national average. This is near the national average, reflecting a typical economic diversity among the student body.

41.7% of students take federal loans, 11% below the national average. This is a moderate borrowing rate.

Average faculty salary: $9,213/month, 6% above the national average. Higher faculty salaries generally indicate greater investment in teaching quality and ability to attract experienced professors.

Student Body & Campus Diversity

Moody Bible Institute enrolls 1,510 undergraduate students. This mid-sized institution offers a balance between personalized attention and diverse academic offerings.

Diversity Index: 77/100 (higher = more diverse). Moody Bible Institute has a highly diverse student body with strong representation across multiple racial and ethnic groups.

Student body composition: White 47%, Hispanic 7%, Black 5%, Asian 3%.

Moody Bible Institute: A Small, Religious-Focused Institution with Good Value

Report Card: Overall Grade C

Moody Bible Institute receives an overall grade of C based on six dimensions:

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

College Analysis

Moody Bible Institute is a Private Nonprofit institution in Chicago, IL with approximately 1,510 students. Moody Bible Institute offers a strong religious and academic foundation, with a high admission rate and a small student body. Graduates have a median earnings of $45,399 after 10 years, which is below the national average for similar institutions. The median debt upon graduation is $18,149, which is relatively low compared to other private institutions.

The Verdict: Is Moody Bible Institute Worth It?

Moody Bible Institute presents a complex value proposition. With a median 10-year earning potential of $45,399 and median debt of $18,149, the return on investment (ROI) score of -28 suggests a significant financial challenge. The cost of tuition, while not exorbitant for a private institution, combined with the median earnings, indicates that graduates may take a considerable amount of time to recoup their educational investment. A rough calculation suggests it could take over 5 years of post-tax earnings to pay off the median debt, assuming a significant portion of income is allocated to debt repayment. However, value in a faith-based institution like Moody is often measured beyond purely financial metrics. For students called to ministry, the vocational training and spiritual formation provided may be considered invaluable, regardless of the immediate financial return. If the primary goal is preparation for a life of service in ministry, where compensation is often modest, Moody offers specialized training. For those seeking high-earning potential in secular fields, this institution is likely not a financially sound choice. Recommendation: Moody Bible Institute is a worthwhile investment *only* for students unequivocally committed to vocational ministry and who understand and accept the financial realities associated with such careers. For others, the financial outlook suggests exploring institutions with stronger earning potential or lower debt burdens.

Return on Investment

While the degree is affordable and offers a strong religious education, the lower median earnings may not justify the cost for some students.

Debt Reality Check

Median student debt at Moody Bible Institute: $18,149. Monthly payment on a standard 10-year plan: $206/month. Total repaid: $24,720 ($6,571 in interest).

Breakeven vs high school diploma: 1.2 years. Debt burden: Manageable. Salary needed for comfortable repayment: $24,720.

Strengths

  • Strong religious and academic foundation
  • High admission rate
  • Low median debt

Weaknesses

  • Graduation rate below national average
  • Lower median earnings compared to peers

Academic Profile

Retention Rate: 83.9%.

Moody Bible Institute's academic profile is distinct, focusing on equipping students for Christian ministry and service. While not offering the breadth of programs found at a large university, its strengths lie in its specialized theological and ministry-focused disciplines. Key departments include Ministry Studies, Biblical Studies, and Communications, with popular programs like Pastoral Studies, Youth Ministry, and Missions. Research opportunities are typically integrated into coursework and capstone projects, emphasizing practical application of theological knowledge. Faculty quality is a cornerstone of the Moody experience; while specific salary data isn't provided, the institute is known for attracting experienced ministers and theologians dedicated to teaching. The student-faculty ratio, though not explicitly stated, is likely to be favorable given the school's size, allowing for personalized attention. Moody offers a Bachelor of Arts in Ministry, Bachelor of Science in Ministry, and Associate of Arts in Ministry degrees, alongside certificate programs. Academic support resources are robust, including tutoring services and academic advising tailored to students' ministry goals. Study abroad opportunities are often mission-trip focused, providing immersive cross-cultural ministry experiences.

Financial Aid Guide for Moody Bible Institute

Pell Grant recipients: 36.3%. Students taking federal loans: 41.7%.

Navigating financial aid at Moody Bible Institute involves understanding its commitment to making theological education accessible. As a private nonprofit institution, Moody offers a mix of need-based and merit-based aid, though specific merit scholarship criteria are not widely publicized. The stated tuition for the 2023-2024 academic year is $15,786 per year. For students demonstrating financial need, Moody provides institutional grants and scholarships, often supplemented by federal aid programs like Pell Grants and federal student loans, if eligible. Work-study opportunities are also available, allowing students to earn money through on-campus employment, which can significantly offset living expenses. Typical aid packages can vary widely based on individual need and available institutional funds. For students from lower-income households (e.g., under $30,000 annual income), a substantial portion of tuition and living costs might be covered through a combination of grants, scholarships, and federal aid. For middle-income families, aid might be more modest, focusing on loans and work-study. Scholarship tips include applying early, seeking external Christian scholarships, and actively participating in campus life to demonstrate commitment. Negotiating aid at Moody is generally not a standard practice, as their aid philosophy is often tied to demonstrated need and institutional capacity, but direct communication with the financial aid office about extenuating circumstances is always advisable.

Hidden Costs at Moody Bible Institute

  • On-campus housing costs can range from $6,000 to $8,000 per academic year, depending on the dormitory and room type.
  • Meal plans are mandatory for resident students and typically cost between $4,000 and $5,000 annually.
  • Textbooks and course materials can add an estimated $1,000 to $1,500 per year.
  • Student activity and technology fees amount to approximately $500 per year.
  • Personal expenses, including toiletries, laundry, and entertainment, can easily reach $1,500 to $2,500 annually.
  • Transportation costs for commuting or weekend travel in Chicago can vary significantly, potentially adding $500 to $2,000 per year.
  • Health insurance, if not covered by a parent's plan, is an additional cost, estimated at around $2,000 to $3,000 per year.

Alumni Outcomes & Career Paths

Graduates from Moody Bible Institute primarily find roles within faith-based organizations, non-profits, and ministry-focused positions. While specific major employer recruitment data is not publicly detailed, alumni commonly serve in roles such as youth pastors, worship leaders, missionaries, Christian educators, and administrative staff within churches and religious institutions. Industries where alumni cluster are predominantly religious, education, and social services. Some graduates may also leverage their communication and leadership skills in broader non-profit sectors or even in media roles with a Christian focus. Graduate school placement rates are not explicitly published, but many alumni pursue further theological education at seminaries like Trinity Evangelical Divinity School, Fuller Theological Seminary, or Dallas Theological Seminary to deepen their ministry training. Notable alumni include figures like Erwin Lutzer, former senior pastor of Moody Church, and D. James Kennedy, founder of Coral Ridge Ministries.

Moody's career services likely focus on connecting students with ministry opportunities and providing guidance for vocational Christian service. Internship pipelines are probably strong within the vast network of churches and parachurch organizations in the Chicago area and nationally. Geographic hiring patterns tend to be widespread, as many graduates are called to serve in various communities across the United States and internationally, often following their ministry passions rather than being tied to a specific metropolitan job market. However, a significant number may remain in the Midwest, particularly in areas with strong evangelical communities.

Campus Life & Culture at Moody Bible Institute

The student body at Moody Bible Institute is predominantly evangelical Christian, with a strong representation from various Protestant denominations. Students are typically driven by a clear sense of calling to ministry and a desire for spiritual growth, creating a focused and purposeful academic and social environment. The geographic mix includes students from across the United States and internationally, all united by a shared commitment to Moody's mission.

Life at Moody Bible Institute in Chicago is deeply rooted in its evangelical Christian mission, creating a unique campus culture centered around spiritual growth and community. The 'vibe' is one of intentional discipleship, where faith permeates daily life. While not a traditional liberal arts college, Moody offers a rich campus experience for its approximately 1,510 students. Housing is primarily on-campus, with dormitories providing a close-knit living environment conducive to forming strong friendships and accountability partnerships. Dining services are integrated into campus life, offering convenient meal options that foster communal gathering. Student organizations are plentiful and often faith-based, ranging from worship teams and Bible study groups to ministry outreach clubs. Given its mission, Greek life is absent. Athletics are intramural and recreational, focusing on fellowship rather than high-level competition. The campus itself is integrated into the vibrant city of Chicago, offering students opportunities to engage with the wider community through internships, ministry, and cultural exploration. Traditions often revolve around spiritual disciplines, chapel services, and community events designed to strengthen faith and fellowship. Expect a focused, purposeful student body committed to their spiritual journey and preparing for ministry.

Campus Highlights

  • Deeply integrated evangelical Christian community and mission
  • Location in the heart of vibrant Chicago, offering urban ministry opportunities
  • Chapel services as a central part of daily student life
  • Strong emphasis on discipleship and spiritual formation
  • Dedicated faculty with extensive ministry experience
  • Affordable tuition compared to many private institutions
  • Focus on practical ministry training and preparation for service

Location & Regional Advantages

Moody Bible Institute's Chicago location offers a unique blend of urban advantages and specific community access. As a major metropolitan hub, Chicago provides a diverse landscape for ministry engagement, with numerous churches, community organizations, and social service agencies that can serve as internship and post-graduation employment sites. The city's robust public transportation system makes navigating its various neighborhoods accessible for students seeking practical ministry experience. While Chicago boasts a rich cultural scene and a wide array of amenities, it also comes with a higher cost of living compared to more rural areas, which can impact recent graduates managing student debt.

Proximity to industry hubs is less about traditional corporate sectors and more about the concentration of religious organizations and evangelical networks. The Midwest, in general, has a significant presence of churches and parachurch ministries, and Chicago serves as a key center for many of these. Quality of life in Chicago is high for those who appreciate a dynamic urban environment, but the city faces challenges with safety in certain areas, which prospective students and their families should research. The weather, characterized by cold, snowy winters and warm summers, is a factor to consider for those unaccustomed to the climate. Ultimately, Chicago's advantage lies in its dense population and the sheer number of opportunities for graduates to engage in ministry and faith-based work within a large, diverse urban setting.

How to Get Into Moody Bible Institute

Applying to Moody Bible Institute is a straightforward process, reflecting its mission-oriented admissions. With an admission rate of 82.7%, Moody is accessible to a broad range of students committed to its evangelical Christian ethos. The admissions office primarily looks for candidates who demonstrate a genuine desire for spiritual growth and a calling towards ministry. While SAT/ACT scores are not required, a strong academic record in high school is beneficial. Focus on your GPA and coursework, particularly in subjects relevant to ministry or general education. The application essay is a crucial component; use it to articulate your personal faith journey, your understanding of Christian service, and why Moody is the right place for you to pursue these goals. Highlight any leadership roles in church or community, volunteer experience, or involvement in Christian organizations. Demonstrated interest is implicitly valued through engagement with Moody's admissions counselors, attending virtual or in-person information sessions, and clearly expressing your passion for their specific mission. The application timeline is generally rolling, but applying by early spring (March-April) is recommended to ensure ample time for financial aid processing and housing selection.

How Moody Bible Institute Compares to Similar Schools

Similar schools: Wheaton College, Taylor University, Biola University, Gordon College

Advantages

  • Lower tuition compared to some other evangelical institutions.
  • Strong historical ties and established network within the evangelical Christian community.
  • Central location in a major metropolitan area (Chicago) offering diverse ministry opportunities.

Disadvantages

  • Significantly lower median earnings compared to peers with broader career pathways.
  • Lower graduation rate suggests potential challenges with student retention or program completion.
  • Less diverse academic offerings beyond theological and ministry-focused programs.

Best For

  • Prospective students interested in a broad range of secular career paths may find the curriculum too focused on religious studies.
  • Students seeking a larger campus community may prefer larger institutions.
  • Those looking for higher median earnings may want to consider other institutions.

Avoid If

  • Students seeking a more diverse curriculum with a broader range of subjects may want to explore other options.
  • Individuals looking for a more urban campus experience with more cultural and social activities may prefer larger, more diverse institutions.

Frequently Asked Questions about Moody Bible Institute

How much does it cost to attend Moody Bible Institute?

In-state tuition at Moody Bible Institute is $15,786 per year, and out-of-state tuition is $15,786 per year. The median student debt at graduation is $18,149.

What is the acceptance rate at Moody Bible Institute?

Moody Bible Institute has an acceptance rate of 82.7%.

What is the graduation rate at Moody Bible Institute?

Moody Bible Institute has a graduation rate of 62.1%.

How much do Moody Bible Institute graduates earn?

The median earnings for Moody Bible Institute graduates 10 years after enrollment is $45,399. With median debt of $18,149, graduates earn roughly 2.5x their debt level annually.

How big is Moody Bible Institute?

Moody Bible Institute has approximately 1,510 students and is classified as a small institution. It is located in Chicago, IL and is a Private Nonprofit institution.

Is Moody Bible Institute worth the cost?

Moody Bible Institute has an ROI score of -28 out of 100. With in-state tuition of $15,786 per year and median post-graduation earnings of $45,399, the data suggests the return on investment may be below average.

Where is Moody Bible Institute located?

Moody Bible Institute is located in Chicago, IL. It is a Private Nonprofit institution with approximately 1,510 students.

How much student debt do Moody Bible Institute graduates have?

The median student debt for Moody Bible Institute graduates is $18,149. With median earnings of $45,399 ten years after enrollment, graduates can expect a debt-to-income ratio of 40%.

Is Moody Bible Institute a good college?

Moody Bible Institute has a graduation rate of 62.1% and median post-graduation earnings of $45,399. High admission rate of 82.69%

How does Moody Bible Institute compare to similar colleges?

Small student body of 1,510 students Compared to peer institutions, Moody Bible Institute offers a more affordable education with lower debt and a strong religious focus, but graduates earn less on average.

What career prospects do Moody Bible Institute graduates have?

Graduates of Moody Bible Institute are well-suited for careers in ministry, non-profit work, and religious education.

What should prospective students know about Moody Bible Institute?

Moody Bible Institute is positioned in the market as a small, religious-focused institution that provides a strong academic and spiritual foundation.

What makes Moody Bible Institute stand out?

Low median debt of $18,149

What are the pros and cons of attending Moody Bible Institute?

Graduation rate of 62.14%

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