Applying For Financial Aid
Applying For Financial Aid
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Email
admission@iit.edu
Net Price Calculator
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Application Process
Application Deadline
August 1
Award Notification
On a rolling basis beginning February 15
High School Program
College preparatory program is recommended
Methodology For Awarding Institutional Aid
Federal Methodology
Forms Required Cost
FAFSA, Code is 001691 Free
Profile of 2018-19 Financial Aid
Profile of 2018-19 Financial Aid
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Freshman
Financial Aid Applicants
496 (81.4%) of freshmen
Found to Have Financial Need
456 (91.9%) of applicants
Received Financial Aid
456 (100.0%) of applicants with financial need
Need Fully Met
73 (16.0%) of aid recipients%
Average Percent of Need Met
85%
Average Award
$43,714
Need-Based Gift
Received by 455 (99.8%) of aid recipients, average amount $38,466
Need-Based Self-Help
Received by 301 (66.0%) of aid recipients, average amount $4,740
Merit-Based Gift
Received by 69 (15.1%) of aid recipients
Merit-Based Gift
Received by 69 (15.1%) of aid recipients
151 (24.8%) of freshmen had no financial need and received merit aid, average amount $27,314
All Undergraduates
Financial Aid Applicants
1,915 (69.7%) of undergraduates
Found to Have Financial Need
1,813 (94.7%) of applicants
Received Financial Aid
1,803 (99.4%) of applicants with financial need
Need Fully Met
218 (12.1%) of aid recipients%
Average Percent of Need Met
79%
Average Award
$41,568
Need-Based Gift
Received by 1,801 (99.9%) of aid recipients, average amount $36,218
Need-Based Self-Help
Received by 1,272 (70.5%) of aid recipients, average amount $5,761
Merit-Based Gift
Received by 206 (11.4%) of aid recipients
894 (32.5%) of undergraduates had no financial need and received merit aid, average amount $26,201
All Undergraduates
2018 Graduates Who Took Out Loans
51%
Average Indebtedness of 2018 Graduates
$29,594
Financial Aid Programs
Financial Aid Programs
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Loans
Federal Loans
Direct Subsidized Stafford Loans
Direct Unsubsidized Stafford Loans
Direct Plus Loans
Other Loans
College/University Loans
Scholarships and Grants
Need-Based Available
Federal Pell grants
SEOG
State scholarships
Institutional scholarships
Private scholarships
Non-Need-Based Available
None
Non-Need Awards
Academic Interest/Achievement Award Areas
Architecture
Biological Sciences
Business
Communication
Computer Science
Engineering/Technologies
Humanities
Mathematics
Premedicine
Social Sciences
Number of Awards
Not reported
Creative Arts/Performance Award Areas
Art/Fine Arts
Number of Awards
Not reported
Special Achievements/Activities Award Areas
Community Service
Hobbies/Interests
Leadership
Memberships
Number of Awards
Not reported
Special Characteristics Award Areas
Children and Siblings of Alumni
Children of Faculty/Staff
Children of Public Servants
International Students
Local/State Students
Previous College Experience
Veterans
Number of Awards
Not reported
Employment
Work-Study Programs
Federal work study available
other work study available
Average Earnings from On-Campus Employment
Not reported
Undergraduate and Undergraduate Financial Aid data displayed on CollegeData’s college profiles is from the 2019-20 academic year.
A portion of the College Profile data is provided under license by:
Peterson's Undergraduate and Undergraduate Financial Aid Databases, copyright © 2021 Peterson's LLC. All rights reserved.