College Factual  by our College Data Analytics Team
       Unbiased Factual Guarantee

Is Illinois Tech a Good School for the Money?

Above Average National Value
Above Average In-State Value
$20,462 Avg Annual Cost

Is Illinois Tech worth the money? College Factual’s value analysis weighs the quality of education against the cost. Here is the verdict.

Illinois Tech Value Ranking

Illinois Tech Best Value ranking badge
#1,664 National Value Rank
#80 Illinois Value Rank
C Value Grade

Illinois Tech is ranked #1,664 out of 3,211 schools for value nationwide, earning a value grade of C (above average for value). Within Illinois, it ranks #80 of 112 for value.

Illinois Tech’s Best Value Majors

Among the majors Illinois Tech offers, these rank best for value nationally.

Major National Value Rank
Other Computer Engineering #13 of 19
Architectural Engineering #16 of 23
Engineering #16 of 23
Industrial & Management Engineering #22 of 33
Engineering-Related Fields #24 of 39
Architectural & Building Sciences/Technology #35 of 67
Architectural Sciences & Technology #36 of 68
Architecture / Urban Planning #36 of 68
Artificial Intelligence #36 of 64
Information Systems #36 of 64

Illinois Institute of Technology Value Report

Below is the detailed Illinois Tech value breakdown: state and national value rankings, the real cost of a degree, and how the price stacks up against the aid most students receive.

Within Illinois, Illinois Tech Offers Good Quality for a Fair Price

Above Average Illinois Value
Above Average Illinois Quality
$20,462 Avg Annual Cost

Illinois Institute of Technology is ranked #11 out of #129 in Illinois for quality and #80 out of #112 for Illinois value.

State Value Ranking  80 out of 112
Overpriced
Great Value
State Value Score  51.2 out of 100
Overpriced
Great Value

Do you qualify for in-state tuition? Check the Illinois Tech financial aid page to be sure.

Fair Value Nationwide

Above Average National Value
Above Average National Quality
Fair Price

Illinois Institute of Technology is ranked #1,664 out of 3,211 for value nationwide.

Illinois Institute of Technology is priced appropriately for the quality of education it provides, making it a fair value according to College Factual.

National Value Ranking  1,664 out of 3,211
Overpriced
Great Value
National Value Score  54.2 out of 100
Overpriced
Great Value

The Bottom Line: What Will Illinois Tech Cost?

$20,462 Avg Annual Cost (All Students)
$69,343 Sticker Price Per Year
$81,847 Est. 4-Year Cost

Averaged across all students — those who receive aid and those who pay full price — a year at Illinois Tech costs about $20,462. Over a standard four-year bachelor's program, that adds up to an estimated $81,847 for the degree.

Amount
Sticker Price (before aid) $69,343 / year
Net Price (students receiving aid) $18,425 / year
Average Cost (all students) $20,462 / year
Estimated 4-Year Cost $81,847

*The average cost weights the net price paid by aid recipients against the sticker price paid by everyone else. The 4-year figure assumes the standard bachelor's length; your actual time to graduate and price may differ.

Many Factors Affect Net Price

There are many ways to lower the cost of a college education. Consider in-state tuition, transfer credits, or finishing your degree faster. Learn more about Illinois Tech net price and the factors that affect it.

Does This School Make Financial Sense to You?

What Illinois Tech costs you depends on how much aid you receive, so few students fit perfectly into averages.

100% Freshmen Receiving Aid
$38,732 Avg Grant / Scholarship
96% Undergrads Getting Grants

Here is how the estimated 4-year cost of a Illinois Tech degree breaks down by aid group, against its national value ranking.

Nationwide Value by Aid Group Avg Degree Cost Value Rank Value Grade
Students with No Aid $277,372
All Students $81,847 #1,664 C
Only Students Receiving Aid $73,700
In-State Value by Aid Group Avg Degree Cost Value Rank Value Grade
Students with No Aid $277,372
All Students $81,847 #80 C
Only Students Receiving Aid $73,700

*College Factual publishes a single overall value ranking (the All Students row). The cost rows show what each aid group pays toward the same degree.

You can also see how the average net price at Illinois Tech shifts with family income:

Family Income Avg Net Price / Year
$0–$30K $13,222
$30K–$48K $15,488
$48K–$75K $16,566
$75K–$110K $22,765
Over $110K $31,456

About 96% of Illinois Tech undergraduates receive grant or scholarship aid, averaging $38,732 per year. Get more details on the Illinois Tech financial aid you may qualify for.

How to Calculate Value

College Factual calculates value by comparing the average Illinois Tech cost of a degree against other schools of a similar quality. If the school is priced fairly for the educational quality it provides, it receives a fair ranking; if it is underpriced, it earns a good or excellent value.

Read the full Best for the Money Ranking Methodology.

References

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