by our College Data Analytics TeamThis overview lays out the cost of attending Illinois Institute of Technology, covering the cost range, projected degree costs, net price, debt at graduation, default rates, and aid distribution patterns.
Want a specific number? Skip ahead to any section using the links below:
Published attendance costs at Illinois Institute of Technology comes to about $67,720.00 per year.
The three scenarios below move from the full sticker price, to the net price after average aid, to the net price low-income students typically pay.
| Tuition and fees | $52,386.00 |
| + Room, board & other expenses | $15,334.00 |
| Total cost | $67,720.00 |
| That is 106% above the national average net price. |
| Total cost | $67,720.00 |
| − Grants and scholarships | −$49,739.00 |
| Net price | $17,981.00 |
| That is 45% below the national average net price. |
| Total cost | $67,720.00 |
| − Grants and scholarships | −$55,200.00 |
| Net price | $12,520.00 |
| That is 62% below the national average net price. | |
| Go deeper on the components with the tuition & fees page and living costs. |
Published costs have climbed year over year by roughly 1.1% per year, so the four-year total runs well above today’s cost. The tables below project the cost forward across a full degree, side by side for a low-income student with aid, a typical student with average aid, and a student paying full sticker price with no aid. Loan math assumes ten-year repayment at 6.8% interest.
| Projected 4-year net costs | Low Income w/ Aid | w/ Average Aid | No Aid |
|---|---|---|---|
| Annual growth rate | 1.1% | 1.1% | 1.1% |
| Freshman year | $12,663.00 | $18,186.00 | $68,492.00 |
| Senior year | $13,101.00 | $18,815.00 | $70,862.00 |
| Total 4-year net price | $51,524.00 | $73,998.00 | $278,691.00 |
| 10-year loan interest @ 6.8% | $19,629.00 | $28,191.00 | $106,171.00 |
| Total monthly payment | $593.00 | $852.00 | $3,207.00 |
| Total amount paid | $71,153.00 | $102,189.00 | $384,863.00 |
| Projected 2-year net costs | Low Income w/ Aid | w/ Average Aid | No Aid |
|---|---|---|---|
| Annual growth rate | 1.1% | 1.1% | 1.1% |
| Freshman year | $12,663.00 | $18,186.00 | $68,492.00 |
| Senior year | $12,807.00 | $18,393.00 | $69,273.00 |
| Total 2-year net price | $25,470.00 | $36,580.00 | $137,766.00 |
| 10-year loan interest @ 6.8% | $9,703.00 | $13,935.00 | $52,484.00 |
| Total monthly payment | $293.00 | $421.00 | $1,585.00 |
| Total amount paid | $35,173.00 | $50,515.00 | $190,249.00 |
See the full net-price breakdown in the net-price section.
Net price is what students actually pay after grants and scholarships are subtracted from the published sticker price. It is usually a better planning number than the sticker cost above.
| Average net price (on-campus) | $18,425.00 |
| Average net price (off-campus) | $19,353.00 |
The real cost varies by income because need-based aid scales with financial need. Here is the average net price for each family-income range:
| Family income | Average net price |
|---|---|
| Under $30,000 | $13,222.00 |
| $30,000 to $48,000 | $15,488.00 |
| $48,001 to $75,000 | $16,566.00 |
| $75,001 to $110,000 | $22,765.00 |
| Over $110,000 | $31,456.00 |
Run your own numbers with the Illinois Institute of Technology Net Price Calculator, or visit the financial aid office.
Dig into how aid is awarded on the financial aid breakdown.
Median graduate debt at Illinois Institute of Technology comes to $20,687.00, which the Department of Education classifies as a Moderate ($20-30k) debt-burden category.
Across borrowers, debt at graduation distributes like this:
| Percentile | Debt at graduation |
|---|---|
| 10th | $5,500.00 |
| 25th | $11,215.00 |
| Median (50th) | $20,687.00 |
| 75th | $31,000.00 |
| 90th | $39,500.00 |
The spread between the 10th and 90th percentiles reflects how variable debt outcomes are at this school.
Dig deeper into debt on the student-loan-debt breakdown.
Student debt at graduation is not evenly distributed across income levels. The figures below split graduating borrowers into three income brackets:
| Family income | Median debt at graduation |
|---|---|
| Low income | $22,500.00 |
| Middle income | $19,000.00 |
| High income | $20,500.00 |
Graduates from lower-income families carry $2,000.00 more than graduates from high-income families.
First-generation students frequently graduate with different debt than continuing-generation students.
| Student group | Median debt at graduation |
|---|---|
| First-generation students | $20,687.00 |
| Continuing-generation students | $20,750.00 |
Pell Grants are the largest source of federal need-based aid for undergrads. Pell vs non-Pell comparisons surface how debt breaks down by need.
The gap between Pell-eligible and non-Pell median debt at Illinois Institute of Technology stands at $2,625.00. This school carries a federal Pell-debt-inequity flag.
The default-rate classification at Illinois Institute of Technology is Low (<5%).
| Window | Cohort default rate |
|---|---|
| 2-year | 2.0% |
For a sense of scale, Stafford disbursements at Illinois Institute of Technology total $448,095,386.00 across 12,965 student borrowers.
Veterans and active-duty servicemembers can tap dedicated federal aid programs including the GI Bill and Department of Defense tuition support.
| GI Bill recipients | 25 |
| Avg GI Bill amount | $15,823.00 |
For the full rundown of veteran and military benefits, see the veterans benefits detail.
Use the figures above as a launch point, then think through Illinois Institute of Technology, a few questions are worth asking:
Each page below covers one part of paying for college in more detail:
Data sources. Figures on this page draw from the U.S. Department of Education College Scorecard, the Integrated Postsecondary Education Data System (IPEDS), and MediaFactual editorial review. Net-price calculator and financial-aid office links are taken from the institution’s own published data.