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National Application Center :: campus tours :: Illinois Institute of Technology costs & financial aid

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Illinois Institute of Technology

Illinois Institute of Technology
10 West 35th Street
Chicago, IL 60616

Official telephone: (312) 567-3000
Fax number: (312) 567-6939
Website: https://www.iit.edu/
Screen last updated on: December 2024

The financial aid information below is valid for the 2024 academic year.

FINANCIAL AID OFFICE
Financial aid homepage: https://app.meadowfi.com/
iit

EXPENSES
Undergraduate tuition: $50,636; $50,636 out-of-state
Book fees: $1,240
Miscellaneous expenses: $1,200
Other expenses: Estimated expense of transportation for residents.
Combined room and board expenses: $17,356

APPLYING FOR AID

Required form Priority date Rolling? Closing date
FAFSAOctober 1noN/A

Date award notification begins: February 15
Applied for financial aid:
86% of first-year students
73% of full-time undergraduates
Determined to have financial need:
91% of first-year students
92% of full-time undergraduates
Students determined to have financial need who received any financial aid:
100% of first-year students
100% of full-time undergraduates
Students receiving financial aid who received need-based self-help aid:
53% of first-year students
52% of full-time undergraduates
Students receiving financial aid who received any non-need-based gift aid:
15% of first-year students
15% of full-time undergraduates
Students receiving financial aid whose need was fully met (excluding PLUS loans and private alternative loans):
16% of first-year students
16% of full-time undergraduates
Average percent of need that was met of students who received any need-based aid (excluding PLUS loans and private alternative loans):
87% for first-year students
82% for full-time undergraduates
Average financial aid package (excluding PLUS loans and private alternative loans):
$51,229 for first-year students
$48,214 for full-time undergraduates
Average need-based gift award:
$47,812 for first-year students
$43,609 for full-time undergraduates
Average need-based self-help award (excluding PLUS loans and private alternative loans):
$4,042 for first-year students
$5,528 for full-time undergraduates
Average need-based loan (excluding PLUS loans and private alternative loans):
$3,270 for first-year students
$4,347 for full-time undergraduates
Students who had no financial aid need and who received non-need-based aid (excluding athletic awards and tuition benefits):
21% of first-year students
31% of full-time undergraduates
Average award to students who had no financial aid need and who received non-need-based aid (excluding athletic awards and tuition benefits):
$29,083 for first-year students
$29,357 for full-time undergraduates
School participates in Federal Work-Study Program: yes

TYPES OF AID AVAILABLE
Types of loans available:
  • Direct Subsidized Stafford Loans
  • Direct Unsubsidized Stafford Loans
  • Direct PLUS Loans
  • Federal Perkins Loans
  • Federal Nursing Loans
Need-based scholarships/grants available:
  • need-based (general)
  • Federal Pell Grants
  • SEOG
  • state scholarships/grants
  • college/university scholarships/grants (institutional funds)
  • private scholarships/grants
Non-need-based scholarships/grants available:
  • non-need-based (general)

Data is copyrighted material under license to Peterson's, LLC. Material may contain updates provided solely by the institution to which the updated Data relates. These updates are not independently validated, and no party associated with this website can accept responsibility for their accuracy. Copyright © 2021 by Peterson's, LLC. All rights reserved.