by our College Data Analytics TeamMost students will not be asked to pay the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The sum total of attendance at Indiana Institute of Technology can sound overwhelming, but bear in mind that many students get some type of financial aid.
Just what financing solutions does Indiana Tech deliver, and just what are you going to be eligible for? Keep scrolling for answers. Keep reading to find out just how much financial aid will be open to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. The information provided on this page can help you determine how much aid you may receive from Indiana Institute of Technology.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. However, some types of aid are more desirable than others, and some students will receive more than others.
At Indiana Institute of Technology, 100% of first-time, full-time freshmen received some form of financial aid approximately 442 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $21,677 |
| Institutional grants & scholarships | 100% | $16,361 |
| Federal Pell grants | 47% | $5,456 |
| State/local grants | 28% | $9,658 |
| Federal student loans | 83% | $4,032 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. Across the undergraduate body at Indiana Tech, around 82% of undergrads got grants or scholarships worth on average $21,387 (across approximately 1350 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 82% | $21,387 |
| Federal Pell grants | 35% | $5,376 |
| Federal student loans | 69% | $4,399 |
For on-campus title-IV students, average grant aid came to $22,673.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $17,313 |
| $30,001 – $75,000 | $18,551 |
| Over $75,000 | $24,463 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $23,206 |
| Off-campus title-IV students | $21,318 |
To get a personalized net price estimate, try Indiana Tech’s net price calculator: financialservices.indianatech.edu/costs/net-price-calculators/.
The median student at Indiana Tech graduates with $12,564 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $12,564 |
| Median federal debt (graduates only) | $26,391 |
| Typical 10-year monthly payment (graduates) | $279.79/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
Looking only at the median can be misleading because it hides the spread. The four reference points below map the debt distribution at Indiana Tech.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,000 |
| 25th percentile | $5,416 |
| 75th percentile | $19,000 |
| 90th percentile (highest-debt students) | $34,250 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $13,392 |
| Middle income | $13,521 |
| High income | $9,830 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,500 |
| Continuing-generation students | $13,062 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $8,750 |
| Independent students | $14,423 |
The figure below distills the debt data into a single burden category for Indiana Tech.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The totals below capture Stafford lending at Indiana Tech:
| Metric | Value |
|---|---|
| Stafford loan recipients | 28122 |
| Total Stafford loan amount | $560,550,095 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 30 |
| Total GI Bill amount | $321,164 |
| Average GI Bill amount per recipient | $10,705 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 11 |
| Total DoD amount | $13,750 |
| Average DoD amount per recipient | $1,250 |
References
More about our data sources and methodologies.