Cost Details
- In-State Tuition
- $51,763
- Out-of-State Tuition
- $51,763
- Average Net Price
- $19,353
- Students Receiving Financial Aid
- 29.1%
- Room & Board (On Campus)
- $16,528
- Room & Board (Off Campus)
- $15,300
- Books & Supplies
- $1,200
- Total Cost of Attendance
- $69,491
- Median Debt at Graduation
- $25,000
- Estimated Monthly Loan Payment
- $265/mo
- Loan Repayment Rate
- 80.3%
- Students Taking Federal Loans
- 32.6%
- Pell Grant Recipients
- 29.1%
Net Price by Family Income
Average annual net price after grants and scholarships. Source: U.S. Department of Education
| Family Income | Average Net Price |
|---|---|
| $0 – $30,000 | $13,222 |
| $30,001 – $48,000 | $15,488 |
| $48,001 – $75,000 | $16,566 |
| $75,001 – $110,000 | $22,765 |
| $110,001+ | $31,456 |
Cost Estimator
Cost Overview
Despite a sticker price of $69,491, most families pay far less at this engineering powerhouse. Net costs range from $13,222 for families earning under $30,000 to $31,456 for those making over $110,000. The average family pays $19,353 after aid, bringing the four-year total to around $77,400. That's a fraction of the published cost for an education that leads directly to high-paying tech jobs.
Graduates carry a median debt of $25,000, translating to monthly payments of $265. With median earnings hitting $82,592 within ten years, that payment represents just 3.8% of monthly income. The school's deep Chicago industry connections help explain why 93.9% of graduates find employment. Lower-income students get the best deal here, paying roughly the same as community college for a degree that opens doors to six-figure engineering careers.
Graduates carry a median debt of $25,000, translating to monthly payments of $265. With median earnings hitting $82,592 within ten years, that payment represents just 3.8% of monthly income. The school's deep Chicago industry connections help explain why 93.9% of graduates find employment. Lower-income students get the best deal here, paying roughly the same as community college for a degree that opens doors to six-figure engineering careers.
Official Net Price Calculator
Get a personalized cost estimate from Illinois Institute of Technology:
Visit Official Net Price CalculatorThis links to the school's federally-required net price calculator for a personalized estimate.