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.
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Net prices are averages and may vary. Based on federal data for first-time, full-time students receiving aid.
| Cost Category | Amount |
|---|---|
| Total Cost of Attendance (Sticker Price) | $68,164 |
| Tuition and Fees | $52,386 |
| Room and Board | $17,356 |
| Books and Supplies | $1,240 |
| Average Financial Aid (Grants and Scholarships) | -$49,739 |
| Average Net Price (What Families Pay) | $18,425 |
| Family Income | Net Price |
|---|---|
| $0–30k | $12,964 |
| $30–48k | $13,415 |
| $48–75k | $17,217 |
| $75–110k | $21,858 |
| $110k+ | $29,950 |
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 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 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 .
How much students borrow and whether debt is manageable given outcomes.
Debt-to-earnings data not available.
How cost compares to graduate earnings and value added.
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 among nonprofit four-year institutions. Low-income graduates earn median earnings of $93,800 on a historical ten-year Scorecard measure 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 , 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.
