Cost & financial aid brief
Illinois Institute of Technology Tuition, Costs & Financial Aid
How much does Illinois Institute of Technology cost after financial aid?
At Illinois Institute of Technology, aid covers about 73% of the published cost for the average aid recipient. The sticker-to-net gap for that average recipient is $49,739, which describes the difference between published cost and average net price after grants and scholarships.
Across the listed family-income bands, average net prices are lower in the lower bands and higher in the upper bands. The figures show an aid-targeting pattern toward lower listed incomes, alongside higher remaining costs for families in the upper bands.
Because these are band averages, they describe the overall pricing pattern rather than any one family’s aid package.
At Illinois Institute of Technology, the published cost of attendance is $68,164 (an average across living arrangements), but aid recipients face different prices across family-income bands. Average net price, what aid recipients pay after grants and scholarships, is $12,964 in the lowest family-income band, $13,415 in the lower-middle band, $17,217 in the middle band, $21,858 in the upper-middle band, and $29,950 in the highest band.
The spread between the lowest and highest bands is $16,986. Azimuth ranks the university #761 for affordability among nonprofit four-year institutions.
For the average aid recipient, aid covers about 73% of the published cost, or $49,739 against the sticker price. Across all aid recipients, the average net price is $18,425, which is $8,946 below the peer median of $27,371 at comparable institutions (same type and size).
Published tuition and fees are $52,386, so the average aid offset is large relative to that charge. Among borrowers who completed, median federal student loan debt is $25,000, $801 above the peer median of $24,199 at comparable institutions (same type and size).
85.2% of federal aid recipients borrow federal loans. Parent PLUS borrowers have median borrowing of $36,438.
The median federal student debt corresponds to an estimated payment of $284 a month if repaid over ten years.
Student loans: what does repayment look like?
Federal loan borrowing is widespread at Illinois Institute of Technology: 85.2% of federal aid recipients take federal loans, and borrowers who complete have median federal student loan debt of $25,000. The peer median, the middle value for comparable institutions (same type and size), is $24,199, with Illinois Institute of Technology's median $801 above it.
Parent PLUS borrowers are a separate parent-borrower population, with median borrowing of $36,438.
Illinois Institute of Technology has a strong return picture, with median earnings of $91,312 four years after completion. Azimuth places those earnings in the 94th percentile among nonprofit four-year institutions.
Earnings beyond expectations also favor the school. That measure compares what graduates earn to what expects for similar students.
Graduates earn about $25,080 more than the model expects for similar students. Azimuth places that measure in the 98th percentile among nonprofit four-year institutions.
Earnings scenarios put earnings at $65,801 in a downside case, $91,312 in a typical case, and $118,698 in an upside case. Median federal debt is $801 above the $24,199 peer median, and that debt corresponds to an estimated payment of $284 a month if repaid over ten years.
High earnings and above-expected results point in the same direction, though debt sits modestly above peers.
For the separate population of parent borrowers, median Parent PLUS borrowing is $36,438. For student borrowers, that debt corresponds to an estimated payment of $284 a month if repaid over ten years.
Repayment figures are in the Financial GPS card below. Borrowing populations and model assumptions.
Parent loans: what can the family afford?
How Parent PLUS borrowing affects families
- Median Parent PLUS debt
- $36,438
- Estimated parent payment
- $463/mo
| Income | Risk level |
|---|---|
| $35,000 | High pressure |
| $50,000 | High pressure |
| $75,000 | High pressure |
| $100,000 | High pressure |
| $150,000 | Safe |
| $200,000 | Safe |
The model holds the parent balance fixed and varies parent income. Read the assumptions and limits.
Student and parent loans: the monthly payments
Financial GPS
What does repayment look like?
- Institution median student debt
- $25,000
- Institution Parent PLUS debt
- $36,438
Federal loans only; private or institutional loans aren’t included.
- Estimated student payment · monthly
- $284/mo
- Estimated Parent PLUS payment · monthly
- $463/mo
- Modeled student + parent payments
- $747/mo
Payments use school-wide median balances, not a specific major’s.
Student payment as a share of available income
At median graduate earnings of $91,312, with a $22,590 annual allowance for basic expenses:
5.0% of income above the allowance · Excellent
- Excellent Under 8% · selected scenario
- Good 8–under 12%
- Concerning 12–20%
- High risk Over 20%
How this estimate works
These are modeled earnings scenarios, not observed earnings percentiles. Annual student payments ÷ (earnings − basic-expense allowance). The starting allowance, $22,590, uses the published framework’s 2024 baseline; it is not a current local living-cost estimate. Change it for your budget, including taxes and other obligations. This combines school-level figures for illustration, not a typical individual’s budget or an official school rating. Parent PLUS is separate.
Payment assumptions
Payments are 10-year standard payments on the median balance, before loan fees, used as a yardstick. Rates for newly issued loans may differ, and loans made after July 1, 2026 can repay over a longer term; existing loans keep their original fixed rates.
Data & methodology
Sources and reporting periods: methodology.
Analysis and methodology by Daniel Rogers, founder of College Azimuth.
Explanatory text is AI-assisted drafting checked against those figures; it is not an additional data source.
Figure notes link to sources and limitations. About College Azimuth.
Net price and borrowing. The 2023–24 income-band averages include living costs and cover eligible first-time, full-time aid recipients; public-school figures reflect in-state tuition. They are not individual aid offers. Peer matching supplies overall net prices, not matched income-band averages. College Scorecard data and documentation.
A personal student-risk assessment also needs your major and borrowing plan; these school-level illustrations do not assign you a personal risk zone.
Payments are 10-year standard payments on the median balance, before loan fees, used as a yardstick. Rates for newly issued loans may differ, and loans made after July 1, 2026 can repay over a longer term; existing loans keep their original fixed rates. Private-loan figures from the Common Data Set are separate from these federal repayment illustrations.