Illinois Institute of Technology

Chicago, Illinois

How much does it cost to attend Illinois Institute of Technology?

In-State Sticker Price

$

Tuition$
Books and Supplies$
Other Fees$
Room and Board$
Other Expenses Budget$
Out-of-State Sticker Price

$

Tuition$
Books and Supplies$
Other Fees$
Room and Board$
Other Expenses Budget$

How much does it cost to attend Illinois Institute of Technology and earn a bachelor’s degree?

In-state students pay an annual total price of $65,386 to attend the school on a full time basis. This includes the $47,646 for tuition, $1,250 for books and supplies, $1,774 for other fees, $3,728 for other expenses, and $12,762 for room and board.

Out of state residents are charged a higher rate. If you are an out-of-state resident, you can expect to pay $65,386 per year. This is 65.9% higher than the total in-state cost. This number includes the $45,872 for tuition as well as $1,250 for books and supplies, $1,774 for other fees, $12,762 for room and board, and $3,728 for other expenses.

Illinois Institute of Technology Tuition and Fees

Net Price

$

Average Total Aid Awarded$
Students Receiving Financial Aid%
Net Price Calculatorwww.collegecostcalculator.org
Net Price by Earnings
< $30k$
$31-48k$
$49-75k$
$76-110k$
$110k+$

The average net price of attending Illinois Institute of Technology for one year in the fall 2018 academic year was $21,917 per year. This amount reflects what the average student who was eligible for a grant or a scholarship paid. The net price includes tuition, required fees, books and supplies costs, the cost for room and board, and other expenses.

Net price reflects what most people pay to attend Illinois Institute of Technology when you factor in the grants and scholarships offered to students at the school. It's a useful statistic to use if you think you may be eligible for a grant or a scholarship. However, net price varies between family income and financial need.

The higher your income, the more likely you are to pay a premium price to attend Illinois Institute of Technology. Those whose families earned under $30,000 per year paid an average amount of $17,714 per year as of fall 2018. Students whose families earned between $48,001 and $75,000, on the other hand, paid an average of $21,391 per year as of fall 2018 to attend Illinois Institute of Technology.

Illinois Institute of Technology Financial Aid

Type
Average per Student
Students Receiving
Annual Total Grant Aid
$
%
Pell Grant
$
%
Federal Student Loan
$
%

Illinois Institute of Technology students are eligible for federal financial aid.

The average student who received financial assistance was given a package that totalled up to $30,918. Of those who applied, 98% received financial aid.

Financial aid packages consist of two parts: Pell Grants and federal student loans. Pell Grants are paid to qualifying students from low-income backgrounds and do not need to be repaid. Federal student loans are given to eligible students on an as-needed basis and must be repaid, with interest, within a certain period of time.

The average Pell Grant awarded to a student at Illinois Institute of Technology who was granted one in the fall 2018 academic year was $4,713. Of those who applied for a Pell Grant, only 32% of students received one.

The average student who took out a federal student loan was given $8,269 in aid. Only 44% of students who applied for a federal loan had their application accepted.

Illinois Institute of Technology Calculator - 4 Year Cost

Year
Illinois Residents
Non Residents
1
$
$
2
$
$
3
$
$
4
$
$
In-State Increase Rate%

Based on the current cost of tuition, as well as historical data, we predict that the total price you will pay for your education at Illinois Institute of Technology would be $76,515 across four academic school years.

This assumes that you graduate within normal time, and that tuition increases by 5% each year. This percentage increase is based on historical data.

Illinois Institute of Technology Credit Hour Cost and Price Per Class

Category
Price per Credit
3 Credit Class
4 Credit Class
In-State residents
$
$
$
Out-of-State residents
$
$
$

Illinois Institute of Technology Student Loans

Example Loan Balance$
Stafford Loan Interest Rate%
Time to Pay Off Student Loan years
Example Monthly Payment$
Total Interest Paid$
Sum of All Loan Payments$

Student loans are an important part of any financial aid package. However, they can be quite complex to understand. To help you out, we have modeled what a ten-year student loan would look like with a balance of $284.

This balance is calculated by multiplying the average net price of studying at Illinois Institute of Technology for a year by four. Our calculations therefore estimate what you would owe if you qualified for federal financial aid and used student loans to finance a large amount of your education.

We calculate that, using the Stafford Loan interest rate of 4.5%, you would pay $1,909 per month for a period of ten years. Ten years reflects the normal length of a federal student loan. In total, you would have paid $17,302.29 in interest, and the sum of all your loan payments would be $91613.06 once your loan had been paid off.

This projection is not relevant if you finance your education using private loans, which typically come with higher interest rates.

Illinois Institute of Technology Tuition Payment Plans

Tuition Payment PlanNo
Prepaid Tuition PlanNo
Alternative Tuition PlanNo
Guaranteed Tuition PlanNo

Other Colleges

Chicago, Illinois
Type: Public, 4-year or above
Size: Large
Des Plaines, Illinois
Type: Public, 2-year
Size: Small
East Peoria, Illinois
Type: Private for-profit, less-than 2-year
Size: Large
Bourbonnais, Illinois
Type: Private not-for-profit, 4-year or above
Size: Small
Champaign, Illinois
Type: Public, 2-year
Size: Small
Chicago Heights, Illinois
Type: Public, 2-year
Size: Large
Elsah, Illinois
Type: Private not-for-profit, 4-year or above
Size: Fringe
Joliet, Illinois
Type: Private for-profit, less-than 2-year
Size: Large
Quincy, Illinois
Type: Private not-for-profit, 4-year or above
Size: Remote
Quincy, Illinois
Type: Private for-profit, 2-year
Size: Remote