At $19,353/yr net price, Illinois Institute of Technology graduates earn $82,592/yr within 10 years of enrollment, which is $48,592/yr above the median for high school graduates.
Cost vs. Outcomes
| Metric | Value |
|---|---|
| Average Net Price (per year) | $19,353 |
| Estimated 4-Year Cost | $77,412 |
| Median Earnings (10yr post-entry) | $82,592/yr |
| Earnings Premium vs. HS Diploma | +$48,592/yr |
| Estimated Break-Even | 1.6 years |
| Graduation Rate (6-year) | 72.4% |
| Median Debt at Graduation | $25,000 |
What You'll Actually Pay
Average net price by family income
| Family Income | Estimated Net Price |
|---|---|
| $0 - $30,000 | $13,222/yr |
| $30,001 - $48,000 | $15,488/yr |
| $48,001 - $75,000 | $16,566/yr |
| $75,001 - $110,000 | $22,765/yr |
| $110,001+ | $31,456/yr |
Earnings by Major
Top programs ranked by median earnings
| Program | Level | Median Earnings | Median Debt |
|---|---|---|---|
| Electrical, Electronics and Communications Engineering. | Master | $99,683 | |
| Design and Applied Arts. | Master | $90,856 | |
| Computer Science. | Master | $90,412 | |
| Chemical Engineering. | Master | $83,546 | |
| Business Administration, Management and Operations. | Master | $83,177 | |
| Computer Science. | Bachelor | $78,971 | $23,750 |
| Chemistry. | Master | $74,200 | |
| Psychology, General. | Doctoral | $73,949 | |
| Computer and Information Sciences, General. | Master | $73,949 | |
| Mechanical Engineering. | Master | $70,680 |
The Risk Factor
72.4% of students at Illinois Institute of Technology graduate within 6 years. A significant share of students finish, but roughly 28% do not complete their degree.
Analysis
Illinois Institute of Technology gives you a solid financial return, especially if you come out of one of its engineering or computing programs. With median debt at $25,000 and median earnings of $82,592 ten years out, the typical graduate carries less than a third of a year's salary in debt. That ratio is what makes this school work financially.
Computer Science is the clear winner here, pairing the highest starting earnings with the lowest debt of any listed program. Electrical and computer engineering follow behind. Every top program listed is a bachelor's degree in engineering or computing, and Chicago's tech and manufacturing employers give you a nearby market to land in. If you enroll intending to major in one of these, the math works in your favor.
The risk is that IIT is a technical school, so the payoff depends on you finishing a technical degree. The 72% graduation rate means more than a quarter of students leave without one, and leaving with debt but no engineering credential is where this school stops paying off. There is no non-technical program data here to fall back on, so treat majors outside engineering and computing as unknowns rather than safe bets.
The net price tiers are steep at the top and gentler at the bottom. If your family earns under $30k, you pay about $13,222 a year. over $110k, that climbs to $31,456. Lower-income families get the better deal relative to the sticker, and the debt-to-earnings ratio holds up across the board. IIT fits you if you want an engineering or CS degree and will finish it. If you are unsure about your major or leaning liberal arts, look elsewhere.
Frequently Asked Questions
Is Illinois Institute of Technology worth the cost?
For engineering and computer science students, yes. IIT graduates earn $82,592 after 10 years with only $25,000 in median debt, making it a solid financial investment. However, the 72% graduation rate means nearly 3 in 10 students don't finish.
What are the best paying majors at Illinois Institute of Technology?
Electrical engineering leads at $99,683, followed by design and applied arts at $90,856 and computer science at $90,412. These technical programs justify the cost better than general business programs, which average $83,177.
How much debt do Illinois Institute of Technology students graduate with?
The median debt is $25,000, which is manageable given the strong earning potential in engineering fields. With a net price of $19,353 per year, most students can graduate without excessive borrowing.
Does Illinois Institute of Technology have good job placement after graduation?
The $82,592 average salary 10 years out suggests strong employment outcomes, particularly in engineering and tech roles. Chicago's job market provides good opportunities for IIT's technical graduates.