Illinois Institute of Technology Cost & Financial Aid Information

$28,702
Average Net Price
96%
Receive Aid
30%
Pell Recipients
Moderate
Affordability

Average Net Price

The average net price at Illinois Institute of Technology is $28,702 per year after grants and scholarships are applied.

Overall Average Net Price

$28,702

Average amount students pay per year after financial aid

Net Price by Family Income

$0-30,000$18,815
$30,001-48,000$20,084
$48,001-75,000$21,445
$75,001-110,000$23,776
$110,000+$30,343

Financial Aid

Illinois Institute of Technology demonstrates strong commitment to educational accessibility, with 96% of undergraduate students receiving financial aid and 30% benefiting from federal Pell grants for demonstrated financial need.

Students Receiving Aid

96%

Of undergraduate students receive some form of financial assistance

Pell Grant Recipients

30%

Of students receive federal Pell grants for demonstrated financial need

Grants & Scholarships

Gift aid that doesn't need to be repaid

Work-Study Programs

Part-time employment opportunities on campus

Student Loans

Federal and private loan options available

Combined Sticker Price (Undergraduate)

The sticker price represents the total cost before any financial aid is applied. In-state students can expect a sticker price of $51,763 annually for tuition and fees, while out-of-state students pay $51,763. Additional costs for room, board, books, and personal expenses will vary based on your living arrangements and lifestyle choices. Commuting students pay approximately $54,163, which is 17% cheaper than on-campus living.

Tuition & Fees Comparison

Annual Tuition & Fees

In-State: $51,763

Out-of-State: $51,763

In-State Students

On Campus Living

Tuition & Fees$51,763
Room & Board$12,000
Books & Supplies$1,200
Personal Expenses$2,000

Total Estimated Cost$66,963

Off Campus Living

Tuition & Fees$51,763
Room & Board$10,000
Books & Supplies$1,200
Transportation$1,500
Personal Expenses$2,000

Total Estimated Cost$66,463

Out-of-State Students

On Campus Living

Tuition & Fees$51,763
Room & Board$12,000
Books & Supplies$1,200
Personal Expenses$2,000

Total Estimated Cost$66,963

Off Campus Living

Tuition & Fees$51,763
Room & Board$10,000
Books & Supplies$1,200
Transportation$2,000
Personal Expenses$2,000

Total Estimated Cost$66,963

Commuting Students

Students living at home and commuting to campus can significantly reduce their costs.

In-State Commuter

Tuition & Fees$51,763
Books & Supplies$1,200
Transportation$1,000
Personal Expenses$1,500

Total$55,463

Out-of-State Commuter

Tuition & Fees$51,763
Books & Supplies$1,200
Transportation$1,500
Personal Expenses$1,500

Total$55,963

Cost Analysis

Analyze how IIT's costs have changed over time.Over the past year, Illinois Institute of Technology has increased costs by $1,913, representing a 7.1% increase in average net price.

Cost Trends

Previous Year

$26,789

Current Year

$28,702

Change

+$1,913

Affordability & Value

Illinois Institute of Technology is committed to providing accessible, high-quality education with strong return on investment.

Affordability Rating

Moderate

Based on average net price compared to national averages

Investment Value

Students receiving aid96%
Pell grant recipients30%
Student-faculty ratio13:1