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Tuition and Expenses


Cost of Attendance
$65,386
Tuition and Fees
$47,296
Room and Board
$12,762
Books and Supplies
$1,250
Other Expenses
$3,728
Payment Plans
Installment plan

Applying for Financial Aid


Financial Aid Office

Email
admission@iit.edu
Web Site
Financial Aid Web Site
Net Price Calculator URL
Net Price Calculator URL

Application Process

Application Deadline
Priority deadline January 1
Award Notification
On a rolling basis beginning January 31
Methodology for Awarding Institutional Aid
Federal Methodology
Forms Required Cost to File
FAFSA
Code is 001691
Free

Profile of 2018 - 19 Financial Aid


Freshman

Financial Aid Applicants
376 (76.9%) of freshmen
Found to Have Financial Need
337 (92.5%) of applicants
Received Financial Aid
337 (100.0%) of applicants with financial need
Need Fully Met
60 (22.1%) of aid recipients
Average Percent of Need Met
86%
Average Award
$43,023
Need-Based Gift
Received by 337 (99.4%) of aid recipients, average amount $36,584
Need-Based Self-Help
Received by 235 (64.5%) of aid recipients, average amount $6,785
Merit-Based Gift
Received by 47 (19.6%) of aid recipients
Merit-Based Gift
135 (27.8%) of freshmen had no financial need and received merit aid, average amount $26,980

All Undergraduates

Financial Aid Applicants
1,725 (64.5%) of undergraduates
Found to Have Financial Need
1,635 (94.8%) of applicants
Received Financial Aid
1,635 (99.9%) of applicants with financial need
Need Fully Met
222 (13.2%) of aid recipients
Average Percent of Need Met
80%
Average Award
$40,603
Need-Based Gift
Received by 1,635 (99.6%) of aid recipients, average amount $34,342
Need-Based Self-Help
Received by 1,153 (71.3%) of aid recipients, average amount $7,369
Merit-Based Gift
Received by 174 (11.6%) of aid recipients
Merit-Based Gift
995 (35.9%) of undergraduates had no financial need and received merit aid, average amount $24,048

Borrowing

2018 Graduates Who Took Out Loans
54%
Average Indebtedness of 2018 Graduates
$32,671
Parents of Students Receiving Aid
Not reported
Parents of Students Not Receiving Aid
Not reported

Financial Aid Programs


Loans

Federal Loans
 
State Loans
 
Other 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
Top Areas (By Money Awarded)
 
Creative Arts/Performance Award Areas
Art/Fine Arts
Number of Awards
Not reported
Top Areas (By Money Awarded)
 
Special Achievements/Activities Award Areas
Community Service, Hobbies/Interests, Leadership, Memberships
Number of Awards
Not reported
Top Areas (By Money Awarded)
 
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
Top Areas (By Money Awarded)
 

Employment

Work-Study Programs
Federal work study available, other work study available
Average Earnings from On-Campus Employment
Not reported

A portion of the College Profile data is provided under license by:
Peterson's Undergraduate and Undergraduate Financial Aid Databases, copyright © 2020 Peterson's, a Nelnet company. All rights reserved.