Taylor Business Institute

Private, 2-4 Years School Located in Chicago, IL

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How much is the Taylor Business Institute tuition? For the academic year 2023-2024, Taylor Business Institute's tuition & fees is $12,000.
With indirect costs not billed by school, such as room & boards and personal living expenses, the total cost of attendance for one academic year is $24,650 when a student lives off-campus.

Taylor Business Institute Tuition & Expenses

2022-2023 Rate
Tuition & Fees$12,000
Books & Supplies Costs$250
Off-campus Room & Board$7,500
Off-campus Expenses$4,900
2023-2024 Estimates
Tuition & Fees$13,521

Average Tuition By School Type and Comparison

Compared to 2-4 years schools nationwide, Taylor Business Institute' tuition is much lower than the average tuition of $20,937. Compared to private, 2-4 years colleges in Illinois, its tuition is much lower than the average tuition of $21,542.
In-StateOut-of-State
Taylor Business Institute$12,000
U.S. 2-4 Years Colleges$18,675
Public Schools$7,198$12,965
Private Schools$20,937
Illinois 2-4 Years Colleges$19,795
Public Schools$10,585$13,638
Private Schools$21,542

Compare Similar School's Tuition

The next table compares the tuition & fees between Taylor Business Institute and similar schools. The similar colleges are selected by school type & level (private, 2-4 years), ranking, and comparison frequency by our users. The comparison is based on 2022-2023 tuition rate.
LocationTuition & Fees
Taylor Business InstituteChicago, IL$12,000
Fox CollegeTinley Park, IL$17,190
Olney Central CollegeOlney, IL$12,340
Illinois Valley Community CollegeOglesby, IL$14,981
Morton CollegeCicero, IL$11,028

Financial Aid and COA

At Taylor Business Institute, 30 students (13%) received grant or scholarship from the federal government, state or local government, the institution, and other sources. The average amount of grant/scholarship received is $6,839.
After receiving financial aid, the cost of attendance (COA) at Taylor Business Institute is $17,811 for students living off-campus.
For beginning students (i.e. first-time freshmen), 13 students received any type of financial aid including grants/scholarship and student loans. The average amount of grant/scholarship for the first-time students is $6,578 and the average amount of student loans is $2,738.
The financial aid data is based on 2021-2022 statistics from IPEDS.
COA (off-campus)$24,650
Tuition & Fees$12,000
Indirect Costs (off-campus)$12,650
COA (off-campus) after Receiving Aid$17,811
Average Financial Aid$6,839
Type of AidNumber Receiving AidPercent Receiving AidAverage Amount of Aid Received
Grant or Scholarship3013%$6,839
Pell Grants3013%$4,159
Federal Student Loan2310%$3,100
Type of AidNumber Receiving AidPercent Receiving AidAverage Amount of Aid Received
Any Financial Aid1310%-
Grants or Scholarships1310%$6,578
Federal Grants1310%$6,578
Pell Grants1310%$3,978
Other Federal Grants1310%$2,600
State/Local Grants0--
Institutional Grants0--
Student Loan Aid119%$2,738
Federal Student Loans119%$2,738
Other Student Loans0--

Admission Stats and Requirements to Apply

Taylor Business Institute's acceptance rate is 89.13%. A total of 230 applicants applied to and 205 students were accepted. Of the admitted students, 127 enrolled finally, and the yield (i.e. enrollment rate) is 61.95%.
To apply to Taylor Business Institute, 2 items are required - Secondary school record, Other Test (Wonderlic, WISC-III and etc.).
TotalMenWomen
Applicants230126$104
Admitted205113$92
Enrolled12774$53
Acceptance Rate89.13%89.68%88.46%
Yield (Enrollment Rate)61.95%65.49%57.61%
Secondary school GPANeither Required Nor Recommended
Secondary school rankNeither Required Nor Recommended
Secondary school recordRequired
Completion of college-preparatory programNeither Required Nor Recommended
RecommendationsNeither Required Nor Recommended
Formal demonstration of competenciesNeither Required Nor Recommended
Admission test scoresNeither Required Nor Recommended
TOEFL (Test of English as a Foreign Language)Neither Required Nor Recommended
Other Test (Wonderlic, WISC-III, etc.)Required

Student Population

Taylor Business Institute has a total of 175 students (all undergraduate). By gender, there are 119 male students and 112 female students attending Taylor Business Institute.
TotalMaleFemale
Undergraduate231 119112

Directory & Academic Information

Directory Information
Address180 North Wabash Avenue, Fifth Floor, Chicago, IL
Phone312-658-5100
WEBwww.tbiil.edu
Degree & Programs
DegreeUndergraduate
Program Offered4 Programs
Academic Stats
Acceptance Rate79.41%
Yield100.00%
Student Population175
Graduation Rate56%
Retention Rate54%
Students to Faculty Ratio Rate13 to 1
Faculty & Staffs
Number of Faculties2 (Full-time), 14 (Part-time)
Number of Staffs10 (Full-time), 21 (Part-time)
Average Faculty Salary$38,250
Average Staff Salary$46,262