Payback
EarningsPlus
Economic score
Illinois Institute of Technology is a private national university located in Chicago, Illinois. Illinois Institute of Technology is moderately inclusive in their admissions.
Return on educational investment at Illinois Institute of Technology is in the top 25% of all ranked schools. The median student earns $77,682 10 years after enrolling, 2nd in Illinois, and in the top 5% nationally. When adjusted for earning differences by major, Illinois Institute of Technology bachelor students earn 0% less than the national average. Illinois Institute of Technology is ranked 7th in Illinois.
Illinois Institute of Technology’s median net annual cost of $23,772 and average years to graduate of 4.6 are reported only at the school level. We assume these same costs and graduation time for all programs.
The top 6 programs at Illinois Institute of Technology sorted by number of graduates - Computer Science, Mechanical Engineering, Computer science, Biomedical/Medical Engineering, Chemical Engineering, Aerospace Engineering - are shown below. To see more programs, click on "see additional programs".
Annual net cost
$23,772
Average years to graduate
4.6
Electrical Engineering
Rank: #163
Economic score: 2
Architectural Engineering
Rank: #8
Economic score: 2.18
Civil Engineering
Rank: #141
Economic score: 2.28
Engineering Fields
Rank: #20
Economic score: 2.97
Computer Engineering
Rank: #154
Economic score: 3.27
Business Administration
Rank: #737
Economic score: 7.04
Psychology
Rank: -
When a school's graduation rate falls in the bottom 25% in the country, we do not display an economic ranking.
Economic score: 10.32
EarningPlus compares the three-year post graduate earnings to the median earnings of the same graduating class, with the same graduate degree. These 2 metrics, debt-to-earnings and EarningsPlus, are combined into an economic score. The lower the economic score the better.
The most popular 6 graduate programs at Illinois Institute of Technology - Computer Science, Computer science, Mechanical Engineering, Chemical Engineering, Business Administration, Design & Applied Arts - are shown below. To see more programs, click on "see additional programs".
Mental & Social Health Services
Rank: #91
Economic score: 1.23
The average full-time graduate completes their degree in 4.6 years. 75% of all students graduate within 8 years including part-time students. The graduation rate at Illinois Institute of Technology is 10% higher than the state average, and 7% above the average for all national universities in the country.
At Illinois Institute of Technology, Pell Grant recipients represent 30% of the measured graduating class, 5% lower than the national average of 35%. The average Pell Grant recipient at Illinois Institute of Technology graduates within 4.6 years.
Illinois Institute of Technology is in the top 50% of schools for graduating Pell recipients.
We calculate this performance by adjusting the graduation rate of Pell students by their percentage of the student body. This adjustment is made to prevent schools with large numbers of Pell students from underperforming in comparison to schools with few Pell students but high graduation rates.
Illinois Institute of Technology’s economic mobility score of 27.97 is calculated by adjusting the 0.85 economic score of lower-income students by the 30% pell grant recipients within the student body. Illinois Institute of Technology’s EMS of 27.97 ranks in the top 25% nationally.false
Economic Mobility
To calculate economic mobility of low-income (household earnings below $30,000) students, we adjust each institution’s economic score by their percentage of Pell Grant students. The logic of this Pell-adjusted calculation is derived from Third Way’s Economic Mobility Index (EMI).
Top 25%
The average Title IV recipient at Illinois Institute of Technology pays $23,772 a year, $47,396 less than the $71,168 advertised. See below the cost breakdown for students who receive Title IV grants, broken down by income level.
Average net price
The average net price shown by income level for all students that receive Title IV aid. Calculated by deducting the average grant and scholarship aid from tuition, fees, books, and room and board. Limited to first-time, full-time students. Public institution figures are calculated using in-state tuition figures.
Median net price $23,772
Much of the gap between net price and sticker price is filled by institutional and government grants. At Illinois Institute of Technology, 100% of students receive some grants and scholarships, compared to the national average of 87% for all colleges and universities. The average amount of federal, state, and institutional grants that students receive is shown on the right.
This leaves a total of $23,772 on average to be covered by the student – be it through loans or out of pocket. In total, 47% of students take out loans, federal or private, at an average amount of $6,578. This is 7% less than the national average.
Federal grants
$5,078
Pell grants
$4,961
State grants
$4,925
Institutional grants
$36,215
Illinois Institute of Technology's moderately inclusive admissions are indicated by their 66% acceptance rate. In 2021, the school had 6,521 applicants, of which 4,311 were admitted and 505 enrolled. Illinois Institute of Technology has a rolling admissions policy, which means applications are reviewed as they arrive until all spaces are filled.
Full time
94%
83%
Female
30%
59%
First time
56%
59%
In-state
59%
68%
1st generation
32%
35%
White
39%
52%
Black
5%
14%
Hispanic
19%
15%
Asian
16%
5%
American Indian
N/A
1.6%
Pacific Islander
N/A
0.3%
Other
21%
12%