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Illinois Institute of Technology

Average Grant & Scholarships

In 2022, 100 of freshman students at Illinois Institute of Technology received on average $40,370 in grant and scholarships from the college, the state and/or the federal government. Below is detail stats of the aid provided to full-time, freshman students.

$40,370
Students Receiving Aid Average Amount Total Amount
Pell Grant 164 32% $5,033 $825,480
Other Federal Grant 204 40% $6,323 $1,289,848
State Grant/Scholarships 170 33% $4,925 $837,312
Institutional Grant/Scholarships 512 100% $36,215 $18,542,316
Total Grant & Scholarships 512 100% $40,370 $20,669,476

Average Student Loans

In 2022, 46% of freshman students at Illinois Institute of Technology received $5,078 (average) in federal student loan. Below is detail stats of all the loans provided to full-time, freshman students.

$5,078
Students Receiving Loan Average Amount Total Amount
Federal Student Loans 237 46% $5,078 $1,203,590
Private Loans 22 4% $16,758 $368,668
Total Loans 239 47% $6,578 $1,572,258

Financial Aid By Income Level

Financial aid breakdown by students family income level. The data is organized by income level group starting from families making below $30k to above $110k.

Post-9/11 GI Bill

Post 9/11 GI Bill is a federal education benefit program for veterans, who served on active duty after September 10, 2001. This Department of Veteran Affairs benefit provides up to 36 months of education benefits at an approved institution for the following college costs: tuition and fees, books and supplies and housing. The tuition and fees payment, which is the cost for an in-state student attending a public institution, is made directly to the post-secondary institution whereas payments for books and supplies and housing are sent directly to the student.

$15,244
Average aid amount
2022