Illinois Institute of Technology

In 2022, tuition for full-time students at Illinois Institute of Technology was $48,670 a year.

In 2022, tuition increased 0.24%–from $48,555 the prior year. On average, colleges raise tuition about 3% each year.

Remember, the total cost of tuition isn't the final cost for attending college. Many students pay far less than the sticker price after grants, scholarships, and tuition discounts are awarded. And, student loans can make theprice of collegefeel more doable until you've finishing school and found a job.

In-state vs. Out-of-state Tuition at Illinois Institute of Technology

Illinois Institute of Technology is a private, nonprofit institution, which means it has the same tuition for residents of Illinois as it does for residents from other states.

Public schools receive funds from the state to help them cover costs. Public, state schools can offer lower tuition for students who meet the requirements for in-state residency.

Choosing a college where you qualify for in-state tuition can cut the cost of college tuition. Take the time to verify your state's guidelines for how to qualify for as an in-state resident. Every state has its own rules about what makes someone eligible for in-state tuition. In many states, students must have lived in the state for 12 months before starting school to qualify for in-state tuition. There may be other criteria as well, depending on where you live.

Explore other Illinois colleges

Tuition for International Students at Illinois Institute of Technology

Tuition at Illinois Institute of Technology is the same for each student.

Students from outside of the U.S. usually do not qualify for for federal financial aid, but should research private or Illinois Institute of Technology-specific aid and scholarships.

International students without financial need may be eligible for merit-based institutional scholarships.

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Illinois Institute of Technology Housing Expenses, Fees, and More

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In addition to the cost of tuition, room and board, books, transportation and fees are also costs it consider when planning for college. Let's take a look at what impacts these costs, and what to expect at Illinois Institute of Technology.

Room and Board Costs at Illinois Institute of Technology

Room and board at Illinois Institute of Technology costs $15,790 a year. This covers the cost of living in dorms or other on-campus housing, and a meal plan that enables you to eat in the Illinois Institute of Technology's on-campus cafeterias and dining facilities. Students who live off campus but would like to be able to eat in the campus dining can pay for a meal plan. The cost of board-only is $9,000.

Board costs can depend on how many meals are included in the plan you choose.

How Much Do Books Cost at Illinois Institute of Technology?

First-year students are sometimes surprised by how much books and supplies cost–and not in a good way. The actual cost of books depends on the courses you take and what kinds of books and materials they require. To save money, many students choose to use books from the library or buy used textbooks and materials.

Annual Fees

Most schools charge some yearly fees to offsets cost associated with maintaining facilties, like the library, gym and computer labs.

There may be other costs associated with participating in certain activities, like joining a fraternity or sorority, or participating in sports or other extracurriculars. Many schools have ways so that those who may struggle to participate because of cost can find ways to lower or eliminate these fees.

The Cost of Transportation at Illinois Institute of Technology

The total cost of transportation in college can really vary. Will you drive, fly, or take public transportation to school? Is on-campus parking free, or will you need to budget for parking? Is the campus easy to get around on foot? Do you plan to bring a car or will you need to use public transportation? All of these questions can drastically impact your estimated cost of transportation. Keeping in mind, first-year students are allowed to park a car on campus.

The location of a college or university can also have a big effect on the amount you'll have to spend just to get around. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the flip side, getting around in an urban area might be costly, but cities may offer more trains, busses or low-cost flight options to actually get to school. The Illinois Institute of Technology campus is located in a urban setting in Illinois, not far from Chicago.

Other Costs

When estimating your budget for college, be sure to take into account personal expenses, like entertainment, clothes, furnishings and toiletries.

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The Full Cost of Attending Illinois Institute of Technology

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Now, let’s do a rundown of all of the costs associated with college, to get a better idea of how much students can expect to shell out for Illinois Institute of Technology.

Total Cost of Illinois Institute of Technology

What will the cost of attending Illinois Institute of Technology be? Here is a breakdown of tuition and expenses.

2022 Total Tuition and Expenses
Tuition	$48,670
Room and Board	$15,790
Board Only	$3,600
Other expenses	$3,500

The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.

Total Estimated Costs
On-Campus	$71,130
Off-Campus	$58,940

The breakdowns above provide a good estimate of the total cost of attendance before financial aid and scholarships. Tuition and fees may vary depending on program, course level, location, and more.

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Illinois Institute of Technology Financial Aid

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The majority of Illinois Institute of Technology undergrads use financial aid to help pay for school. In 2022, 1,915 of the 2,998 undergrads enrolled received financial aid. Illinois Institute of Technology meets 80% of the demonstrated financial need for undergraduates.

The average financial aid package for a full-time, first-year student is around $45,781 a year. Around 54% of Illinois Institute of Technology undergrads take out student loans to cover any remaining costs. Illinois Institute of Technology graduates who have student loans graduate with an average of $29,176 of student loan debt.

The average debt for each loan type varies.

Average Debt By Loan Type
Federal Loans	$25,845
Illinois Institute of Technology-Specific Loans	$19,418
Private Loans	$29,751

Most Common Loans for Illinois Institute of Technology Students
Federal Loans	50%
Institutional Loans	2%
Private loans	8%

Most students take out institutional or government loans, because they tend to have lower interest rates and more flexible repayment options than private loans. Loans from the federal government can be subsidized or unsubsidized. Subsidized loans do not accrue interest during school, while unsubsidized loans begin accruing interest at the time the loan is issued. If students do no qualify for enough federal loans to cover the cost of tuition, some take out private loans. Parents can also take out ParentPLUS loans, which are government loans for parents who are helping their children pay for college.

The Free Application for Federal Student Aid (FAFSA) helps colleges determine how much financial need students and their familes have, so they can offer a financial aid package that meets, or come close to meeting, their need. For more information on Illinois Institute of Technology financial aid, keep reading, or visit their financial aid website.

Scholarships at Illinois Institute of Technology

Some students may receive grants and scholarships to help pay for college. Unlike loans, scholarships and grants do not have to be paid back.

In 2022, Illinois Institute of Technology awarded 1,912 need-based scholarships to students, giving away total of $73.4 million to help students with financial need cover the cost of school. An additional $27.36 million in merit-based scholarship money was awarded to students without demonstrated financial need.

Net Cost of Illinois Institute of Technology

The net price of college is the actual cost of attending a school for one year. Net cost is calculated by subtracting any scholarships, grants or other aid that does not need to be paid back from the total cost. Student loans are not part of the calculation, because they need to be repaid.

Now that we have a sense of the total estimated costs for Illinois Institute of Technology students, we can subtract the average financial aid package to find the estimated net cost. Net cost can vary depending on a students’ need and the financial aid award received.

When considering whether a school fits your budget, it is important to consider the estimated net cost, not just the sticker price of tuition. Often, schools with the highest tuition also offer the most generous aid packages, so estimate your net cost before eliminating a school because it does fit your budget.

The average amount of financial aid received by a full-time first year student with demonstrated need at Illinois Institute of Technology was $45,781 in 2022. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Illinois Institute of Technology seem more manageable.

Estimated Net Cost for Full-Time Students
On-Campus	$25,349
Off-Campus	$13,159

What will attending Illinois Institute of Technology really cost you? The answer depends on several factors.

As of 2011, colleges are required to have a net price calculator on their website to help prospective students and their families make more informed decisions about the actual cost of attending that school, based on their financial situation. You can find the Illinois Institute of Technology's net cost calculator on their website.

Illinois Institute of Technology Tuition Payment Plans

Some students choose to use payment plans to make the cost of tuition fit more comfortably in their budget.

Illinois Institute of Technology offers an Installment Payment Plan, which allows students to pay tuition in a series of smaller chunks instead of one lump sum.

Illinois Institute of Technology Tuition Waivers

Schools sometimes offer tuition waivers to certain groups, to make attending more affordable. Some schools offer tuition waivers for employees and their family members, underrepresented students, or military students. Even if you qualify for a waiver, students are usually responsible for housing, meal plans, and other expenses.

Illinois Institute of Technology has some full or partial tuition waivers available for: - Employees or Children of Employees

Check the financial aid website for more information on payment plans and tuition waivers.

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Learn More About Illinois Institute of Technology

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