Illinois Institute Of Technology

Illinois Institute of Technology's published cost of attendance is $68,164, but need-based aid reshapes that figure meaningfully across income levels. Low-income families pay approximately $12,964 per year in net price, middle-income families see annual costs around $17,217, and higher-income families pay approximately $29,950.

Azimuth ranks Illinois Institute of Technology #765 for post-graduation affordability among nonprofit four-year institutions. Net prices by income band are medians within those bands; individual aid packages vary, so some families in each band pay more and some less than the figures shown.

Illinois Institute of Technology participates in federal, state, and institutional aid programs, and families apply for need-based aid using the FAFSA and CSS Profile. The gap between sticker price and net price reflects the institution's aid reach, though the [net price illusion](/analysis/is-college-worth-it-part-1-the-net-price-illusion/) is worth understanding: published costs and what families actually pay can differ substantially depending on income and aid eligibility.

Students considering Illinois Tech should compare net price offers carefully against peer institutions before drawing conclusions from the headline figure. Median federal student loan debt at graduation is $25,000, and families using Parent PLUS borrow a median of $36,438; private or institutional loans may add further borrowing that falls outside these federal-only figures — see the [Parent PLUS risk framework](/analysis/ou-what-happens-when-parents-borrow-too/) for how household context shapes PLUS decisions.

For a graduate at the institution's median four-year earnings of $91,312, median federal debt of $25,000 projects to a monthly payment of about $282 under standard ten-year repayment. For personalized projections across earnings scenarios — including Parent PLUS planning — use [Azimuth's Financial GPS tool](/analysis/financial-gps-framework/).

Graduates of Illinois Institute of Technology earn median earnings of $91,312 four years after enrollment, placing Illinois Institute of Technology in the 93.3 percentile for median earnings four years after enrollment among nonprofit four-year institutions. That figure runs above the $67,139 median at comparable institutions (same control and size band).

Graduates earn about $26,024 more than similar students at comparable institutions, placing Illinois Institute of Technology in the 98.0 percentile for [earnings beyond expectations](/analysis/a-value-added-approach-to-college-outcomes/) among nonprofit four-year institutions. Low-income graduates earn median earnings of $93,800 on a [historical ten-year Scorecard measure](/analysis/college-scorecard-2026-4-year-vs-10-year-earnings-2-2/) not yet updated to the four-year horizon, placing this cohort in the 99.1 percentile for low-income graduate earnings among nonprofit four-year institutions.

Azimuth ranks Illinois Institute of Technology #73 for return on investment among nonprofit four-year institutions. The earnings pattern reflects Illinois Institute of Technology's concentration in Engineering, which accounts for 41% of degrees awarded.

Computer Science combines large cohort scale with strong pay, anchoring the institution's return profile. Azimuth ranks Computer Science #63 nationally for median earnings four years after enrollment among nonprofit four-year institutions [per the program-ranking methodology](/analysis/college-program-rankings-how-to-actually-evaluate-programs/), with 107 graduates earning median earnings of $120,953 — 1.1x the national benchmark for the field.

Mechanical Engineering and Artificial Intelligence also rank well nationally: Azimuth ranks Mechanical Engineering #156 for median earnings four years after enrollment among nonprofit four-year institutions, with graduates earning median earnings of $87,789, and Azimuth ranks Artificial Intelligence #54 for median earnings four years after enrollment among nonprofit four-year institutions, with graduates earning median earnings of $97,153. Beyond engineering, other STEM fields (3% of degrees) and Business (3% of degrees) round out the program mix, contributing to a degree portfolio that channels graduates into technical and quantitative career paths across Chicago's diversified labor market.

Illinois Institute of Technology's program mix is anchored in Engineering, with Engineering accounting for 41% of graduates, other STEM fields representing 3%, and Business contributing 3%. The portfolio reflects a technically oriented private university where the majority of degree output feeds directly into engineering, computing, and applied-science career tracks.

Computer Science is the program that combines the largest cohort scale with strong earnings, making it the institution's primary driver of aggregate financial outcomes. Across 19 programs serving roughly 604 students annually, 11 meet Azimuth's ranking threshold.

The strongest earnings come from computing and engineering subfields. Azimuth ranks Computer Science #63 nationally for median earnings four years after enrollment among nonprofit four-year institutions, with 107 graduates earning $120,953.

Azimuth ranks Computer Engineering #42 nationally for median earnings four years after enrollment among nonprofit four-year institutions, with 25 graduates earning $114,930. Computer Science is the largest program by cohort size with 107 graduates, and Azimuth ranks it #63 nationally for median earnings four years after enrollment among nonprofit four-year institutions, with graduates earning $120,953 — a strong result given the cohort's scale.

Azimuth ranks Mechanical Engineering #156 nationally among nonprofit four-year institutions with 73 graduates earning $87,789, and Azimuth ranks Artificial Intelligence #54 nationally among nonprofit four-year institutions with 63 graduates earning $97,153. These programs reflect Illinois Institute of Technology's depth across multiple engineering subfields, not just a single standout.

Most of Illinois Institute of Technology's high-ranking programs are high-mobility pathways where graduates enter the workforce directly and four-year earnings reflect actual labor-market outcomes — particularly in computer science, electrical engineering, and mechanical engineering. Architectural Sciences and Technology, with 76 graduates, is a notable exception as a more grad-school-dependent pathway where four-year earnings may undercount lifetime trajectory for students continuing to advanced study.

The concentration in [supply and demand for college graduates](/analysis/supply-demand-map-college-degrees/) sectors with sustained employer demand — computing, infrastructure engineering, and applied technology — positions Illinois Institute of Technology graduates in fields where hiring volume and wage growth have remained strong nationally. For details on [how Azimuth evaluates programs](/analysis/college-program-rankings-how-to-actually-evaluate-programs/), see the methodology overview. ```