Tuition, Cost & Aid
Affordability and Cost
Average Net Price Average net price for full-time, first-time degree/certificate-seeking undergraduates paying the in-state or in-district tuition rate who were awarded grant or scholarship aid from federal, state or local governments, or the institution. Other sources of grant aid are excluded. Aid awarded anytime during the full aid year is included.
Average net price is generated by subtracting the average amount of federal, state or local government, or institutional grant and scholarship aid from the total cost of attendance. Total cost of attendance is the sum of published tuition and required fees (lower of in-district or in-state), books and supplies and the weighted average room and board and other expenses.
Average net price is generated by subtracting the average amount of federal, state or local government, or institutional grant and scholarship aid from the total cost of attendance. Total cost of attendance is the sum of published tuition and required fees (lower of in-district or in-state), books and supplies and the weighted average room and board and other expenses.
$28,161
Average Net Price By Family Income
Tuition
| In-State Tuition In-state tuition is the tuition charged by institutions to those students who meet the state's or institution's residency requirements. In-district tuition is the tuition charged by the institution to those students residing in the locality in which they attend school and may be a lower rate than in-state tuition if offered by the institution. | $50,917 |
| Out-of-State Tuition Out-of-state tuition is the tuition charged by institutions to those students who do not meet the state's or institution's residency requirements. Out-of-district tuition is the tuition charged by the institution to those students not residing in the locality in which they attend school. | $50,917 |
Additional Costs
Room and Board The weighted average for room and board and other expenses is generated as follows:
| $16,528 |
| Books and Supplies | $1,200 |
| Tuition Payment Plan | Yes |
Financial Aid: visit page
Financial Aid Email: [email protected]
Aid & Grants
0
100
82%
Need Met
Students Receiving Gift Aid Percent of undergraduate students awarded federal gift aid. Federal gift aid includes any grant or scholarship aid awarded, from the federal government, a state or local government, the institution, and other sources known by the institution. Students Receiving Grants Percent of undergraduate students awarded grant aid. Grant aid includes any grant or scholarship aid awarded, from the federal government, a state or local government, the institution, and other sources known by the institution. Students receiving state aid Students receiving federal aid
29%
Average Aid Per Year
$40,243
29%
Average Federal Grant Aid Per Year
$7,402
Average Institution Grant Aid Per Year
$36,045
26%
Average State Grant Aid Per Year
$5,425
37%
Average Federal Grant Aid Per Year
$7,402
Average Grant & Scholarship By Family Income
Total Needs Based Scholarships/Grants Total amount of grant or scholarship aid awarded to all undergraduates from the federal government, state/local government, the institution, and other sources known to the institution.
$77,745,832
Total Non-Need-Based Scholarships/Grants
$28,961,767
Student Loans
Students Borrowing Loans Loans to students - Any monies that must be repaid to the lending institution for which the student is the designated borrower. Includes all Title IV subsidized and unsubsidized loans and all institutionally- and privately-sponsored loans. Does not include PLUS and other loans made directly to parents.
42%
Average Loan Amount Per Year
$7,227
Students receiving federal loans
42%
Average Federal Loans Per Year
$5,362
Average Other Loans Per Year
$16,397
Average Debt at Graduation The median federal debt of undergraduate borrowers who graduated. This figure includes only federal loans; it excludes private student loans and Parent PLUS loans.
$19,402
Loan Default Rate
2%
US National: 7%
Median Monthly Loan Payment The median monthly loan payment for student borrowers who completed, if it were repaid over 10 years at a 5.05% interest rate.
$239
What Students Are Saying
This place is expensive. About $43,000 a year!!!! The good thing is that every one gets financial aid and this school helps you get a job quck. I had to pay a $3000 loan and that was it for my first semester, but I am really poor so FAFSA helped A LOT.
Christian from Elgin, IL
IIT is worth every penny. The professors I've had don't waste your time and they make sure that you learn what you came there to learn, but be prepared to put in as many hours as they say you'll need to! They aren't kidding. Just make sure you save a little cash for some down time on campus or in the city, fun should go with the studying.
Gwendolyn from Westmoreland, NH
When I first got accepted into IIT I received a 50% scholarship (which most students receive). Within two years I had increased that to a 100% tuition with an additional $2000 from various scholarships.
Daniel from Chicago, IL
The education you can receive from IIT is worth far more than you would ever pay in tuition. Employers in the city of Chicago know the type of students IIT produces and are eager to hire us because they know the type of work ethic we have.
Jenelle from Chicago, IL
This year the tuition went up about about 6% which making the cost of tuition 28,512 instead of the 26 grand it was previously. The amount of experience that you will receive here in the end of course is worth it, since the graduating class of 2008 made in their first year between 80-90 grand. So IIT is worth it.
Shatoria from Chicago, IL
The opportunities here are endless. You get to associate yourself with loads of people around the world since they are so many exchange students and internation students so you can immerse yourself the various culture our world has to offer. Your given a pass that is paid from your tuition that gives you unlimited usage of the public transportation (CTA) within the city, allowing you to save so much as long as your willing to explore the city. Tuition may be expensive at first, but the school will usually give loads of scholarship to lower that fee down.
Gary from Fort Worth, TX
There are a lot of scholarships here. Like, a lot! I, personally was awarded a scholarship to cover my tuition, so I am only paying for housing and board and all that, which is still expensive. But if you are looking for a good engineering or architecture degree, you can definitely find it here.
Nicole from Grandville, MI
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