Applying For Financial Aid
Applying For Financial Aid
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Email
admission@iit.edu
Application Process
Application Deadline
February 1
Award Notification
On a rolling basis beginning February 15
Methodology For Awarding Institutional Aid
Federal Methodology
Forms Required Cost
FAFSA Code is 001691 Free
Profile of 2024-25 Financial Aid
Profile of 2024-25 Financial Aid
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Freshman
Financial Aid Applicants
453 (87.8%) of freshmen
Found to Have Financial Need
403 (89.0%) of applicants
Received Financial Aid
399 (99.0%) of applicants with financial need
Need Fully Met
63 (15.8%) of aid recipients
Average Percent of Need Met
80%
Average Award
$49,285
Need-Based Gift
Received by 399 (100.0%) of aid recipients, average amount $45,259
Need-Based Self-Help
Received by 205 (51.4%) of aid recipients, average amount $4,124
Merit-Based Gift
Received by 55 (13.8%) of aid recipients
113 (21.9%) of freshmen had no financial need and received merit aid, average amount $30,379
All Undergraduates
Financial Aid Applicants
1,979 (74.0%) of undergraduates
Found to Have Financial Need
1,811 (91.5%) of applicants
Received Financial Aid
1,792 (99.0%) of applicants with financial need
Need Fully Met
297 (16.6%) of aid recipients
Average Percent of Need Met
78%
Average Award
$47,965
Need-Based Gift
Received by 1,788 (99.8%) of aid recipients, average amount $43,295
Need-Based Self-Help
Received by 895 (49.9%) of aid recipients, average amount $5,375
Merit-Based Gift
Received by 269 (15.0%) of aid recipients
808(30.2%)of undergraduates had no financial need and received merit aid,average amount $30,922
All Undergraduates
2024 Graduates Who Took Out Loans
52%
Average Indebtedness of 2024 Graduates
$28,440
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
Loans From Private Lender
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 2024-25 academic year.
A portion of the College Profile data is provided under license by:
Peterson's Undergraduate and Undergraduate Financial Aid Databases, copyright © 2025 Peterson's LLC. All rights reserved.