Applying For Financial Aid
Applying For Financial Aid
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Email
admission@iit.edu
Net Price Calculator
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Application Process
Application Deadline
March 1
Award Notification
On a rolling basis beginning February 15
High School Program
College preparatory program is recommended
Methodology For Awarding Institutional Aid
Federal Methodology
Forms Required Cost
FAFSA Code is 001691 Free
Profile of 2020-21 Financial Aid
Profile of 2020-21 Financial Aid
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Freshman
Financial Aid Applicants
441 (85.6%) of freshmen
Found to Have Financial Need
400 (90.7%) of applicants
Received Financial Aid
400 (100.0%) of applicants with financial need
Need Fully Met
86 (21.5%) of aid recipients
Average Percent of Need Met
86%
Average Award
$45,781
Need-Based Gift
Received by 400 (100.0%) of aid recipients, average amount $41,077
Need-Based Self-Help
Received by 221 (55.3%) of aid recipients, average amount $4,428
Merit-Based Gift
Received by 79 (19.8%) of aid recipients
111 (21.6%) of freshmen had no financial need and received merit aid, average amount $30,031
All Undergraduates
Financial Aid Applicants
2,083 (74.2%) of undergraduates
Found to Have Financial Need
1,915 (91.9%) of applicants
Received Financial Aid
1,915 (100.0%) of applicants with financial need
Need Fully Met
326 (17.0%) of aid recipients
Average Percent of Need Met
80%
Average Award
$42,793
Need-Based Gift
Received by 1,912 (99.8%) of aid recipients, average amount $37,724
Need-Based Self-Help
Received by 1,148 (59.9%) of aid recipients, average amount $5,558
Merit-Based Gift
Received by 302 (15.8%) of aid recipients
833 (29.7%) of undergraduates had no financial need and received merit aid, average amount $27,843
All Undergraduates
2018 Graduates Who Took Out Loans
54%
Average Indebtedness of 2018 Graduates
$29,176
Financial Aid Programs
Financial Aid Programs
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Loans
Federal Loans
Direct Subsidized Stafford Loans
Direct Unsubsidized Stafford Loans
Direct Plus Loans
Other Loans
College/University Loans
Scholarships and Grants
Need-Based Available
Federal Pell grants
SEOG
State scholarships
Institutional scholarships
Private scholarships
Non-Need-Based Available
None
Non-Need Awards
Academic Interest/Achievement Award Areas
Architecture
Biological Sciences
Business
Communication
Computer Science
Engineering/Technologies
Humanities
Mathematics
Premedicine
Social Sciences
Number of Awards
Not reported
Creative Arts/Performance Award Areas
Art/Fine Arts
Number of Awards
Not reported
Special Achievements/Activities Award Areas
Community Service
Hobbies/Interests
Leadership
Memberships
Number of Awards
Not reported
Special Characteristics Award Areas
Children and Siblings of Alumni
Children of Faculty/Staff
Children of Public Servants
International Students
Local/State Students
Previous College Experience
Veterans
Number of Awards
Not reported
Employment
Work-Study Programs
Federal work study available
other work study available
Average Earnings from On-Campus Employment
Not reported
Undergraduate and Undergraduate Financial Aid data displayed on CollegeData’s college profiles is from the 2021-22 academic year.
A portion of the College Profile data is provided under license by:
Peterson's Undergraduate and Undergraduate Financial Aid Databases, copyright © 2022 Peterson's LLC. All rights reserved.