College Factual  by our College Data Analytics Team
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Can You Afford Indiana Institute of Technology?

Concerned about paying for college? Take a look at Indiana Tech’s financial aid options, including grants, scholarships, and student loans, then calculate the net price based on your income level to determine if you can afford to attend this school.

2020 - 2021 Costs Between $22,922 and $42,794

Feeling a little stressed about paying $42,794 to attend Indiana Institute of Technology each year? This number can be deceiving, and for many, the net price you pay will be less.

While there is no tuition reduction for Indiana students, 99.1% of freshmen receive some form of financial aid, with the average amount totaling $20,340. Students from low-income families receive an average of $19,872 in aid during their first year.

Cost (no aid)

Tuition and fees$28,000
+ Room and board$10,416
+ Other expenses$4,378
Total cost$42,794
Affordability Score (26 out of 100)
more expensive
less expensive

Net Price (with average aid)

Total cost$42,794
- Grants and scholarships$20,340
Net price$22,454
Affordability Score (55 out of 100)
more expensive
less expensive

Average Net Price for Low Income Undergraduates

Total cost$42,794
- Grants and scholarships$19,872
Net price$22,922
Affordability Score (37 out of 100)
more expensive
less expensive

Learn more about tuition and fees, room, board and other expenses, and financial aid options at Indiana Tech.

Projected Costs Between $91,688 and $252,977 For a Four Year Degree. Between $45,844 and $124,046 For a Two Year Degree.

Looking at the total projected cost of a college education over the course of two / four (or more) years can feel a little overwhelming. However, doing so will help better prepare you for the financial commitment you are making.

The overall cost for on-campus students to attend Indiana Tech in 2020 - 2021 was $42,794. To calculate future costs, we looked at the prior five years of data and determined that this cost increased an average of 2.0% each year. If this trend continues, we expect the full cost for incoming freshmen to be $44,479 during their first year. By their senior year, that cost will be approximately $47,132 for a bachelor degree candidate ($45,347 for an associate degree candidate) for a total of $183,189 over the course of four years ($89,826 over the course of two years). These numbers do not take into consideration financial aid, which reduces this overall cost by varying amounts per student.

Remember, the full costs quoted above are not what most students will pay, and the net price varies quite a bit based on individual circumstances.

Average Net Price at Indiana Institute of Technology

Cost With Interest

The tables below outlines how the overall degree net cost can vary depending on your situation. This table also highlights the impact student loans can have on the overall cost of college.

Projected 2-Year Net CostsLow Income w/ Aidw/ Average AidNo Aid
Annual growth rate*3.8%2.0%
Freshman year$22,922$24,184$44,479
Senior year$22,922$25,098$45,347
Total 2-year net price$45,844$49,281$89,826
10-year loan interest @ 6.8%$17,465$18,774$34,220
Total monthly payment$528$567$1,034
Total amount paid$63,309$68,056$124,046
Projected 4-Year Net CostsLow Income w/ Aidw/ Average AidNo Aid
Annual growth rate*3.8%2.0%
Freshman year$22,922$24,184$44,479
Senior year$22,922$27,031$47,132
Total 4-year net price$91,688$102,359$183,189
10-year loan interest @ 6.8%$34,930$38,995$69,788
Total monthly payment$1,055$1,178$2,108
Total amount paid$126,618$141,354$252,977

Visit net price and financial aid to learn more about the total cost of attending Indiana Institute of Technology.

Further Questions to Consider

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