Illinois Institute of Technology
Chicago, IL 60616 — Private Nonprofit
Value Score: 75/100 | ROI Score: -61 | Affordability Score: 55/100
Tuition (In-State): $52,386 | Out-of-State: $52,386
Acceptance Rate: 54.9% | Graduation Rate: 74.0% | Retention Rate: 86.0%
Median Earnings (10yr): $82,592 | Median Debt: $25,000
SAT Average: 1311 | ACT Midpoint: 29
Student Body Size: 2,833 (medium)
Pell Grant Recipients: 30.0% | Federal Loan Rate: 28.7%
Average Faculty Salary: $12,710/month
Tuition & Affordability Analysis
In-state tuition at Illinois Institute of Technology is $52,386 per year, which is 33% above the national average for private institutions.
Out-of-state students pay $52,386/year — a premium of $0 over in-state rates. Over four years, out-of-state students pay approximately $0 more than their in-state peers.
Estimated four-year tuition cost: $209,544 (tuition only, not including room, board, and fees).
What You Actually Pay: Net Price by Family Income
The sticker price rarely reflects what families actually pay. After grants and scholarships, here is the average net price by family income bracket at Illinois Institute of Technology:
- Families earning $0–$30,000: $12,964/year
- Families earning $30,001–$48,000: $13,415/year
- Families earning $48,001–$75,000: $17,217/year
- Families earning $75,001–$110,000: $21,858/year
- Families earning $110,000+: $29,950/year
Low-income families receive an average discount of $39,422/year, paying just 25% of the sticker price.
Admissions Snapshot
Illinois Institute of Technology has an acceptance rate of 54.9%, placing it in the Moderately Selective (50–70%) category. This means roughly 1,289 students apply each year.
The average SAT score of admitted students is 1311, 24% above the national average. This reflects a strong academic student body.
The ACT midpoint is 29, 38% above the national average.
Graduate Outcomes & Return on Investment
74.0% of students at Illinois Institute of Technology complete their degree, 19% above the national average. This is a solid graduation rate.
First-year retention rate: 86.0% (6% above the national average). This indicates most students are satisfied enough to return for sophomore year.
Graduates of Illinois Institute of Technology earn a median salary of $82,592 ten years after enrollment, 102% above the national average. This represents a $47,592/year earnings premium over the average high school diploma holder, or $1,427,760 in additional lifetime earnings over a 30-year career.
The median student debt at graduation is $25,000, 16% above the national average. On a standard 10-year repayment plan at 5.5% interest, this translates to approximately $271/month, with a total repayment of $32,520 (including $7,520 in interest).
Debt-to-Earnings Ratio: 0.30x. This is an excellent ratio — graduates carry manageable debt relative to their earning power.
Breakeven Point: Based on the earnings premium over high school graduates, a degree from Illinois Institute of Technology pays for itself in approximately 5 years. This is an excellent return on investment.
Financial Aid Profile
30.0% of students at Illinois Institute of Technology receive Pell Grants (federal need-based aid for families earning under ~$60,000), 9% below the national average. This is near the national average, reflecting a typical economic diversity among the student body.
28.7% of students take federal loans, 39% below the national average. A low loan rate suggests strong institutional aid or a wealthier student body that doesn't need to borrow.
Average faculty salary: $12,710/month, 46% above the national average. Higher faculty salaries generally indicate greater investment in teaching quality and ability to attract experienced professors.
Student Body & Campus Diversity
Illinois Institute of Technology enrolls 2,833 undergraduate students. This mid-sized institution offers a balance between personalized attention and diverse academic offerings.
Diversity Index: 80/100 (higher = more diverse). Illinois Institute of Technology has a highly diverse student body with strong representation across multiple racial and ethnic groups.
Student body composition: White 31%, Hispanic 28%, Black 6%, Asian 16%.
Illinois Institute of Technology: Strong Engineering Focus with High Graduation and Earnings Rates
- Illinois Tech: Engineering Your Future in the Heart of Chicago
- Beyond the Degree: Illinois Tech's Strong ROI for Tech-Savvy Grads
- Innovation, Internships, and Impact: The Illinois Tech Experience
Report Card: Overall Grade C
Illinois Institute of Technology receives an overall grade of C based on six dimensions:
- Academics: C+
- Value: F
- Outcomes: A
- Affordability: C-
College Analysis
Illinois Institute of Technology is a Private Nonprofit institution in Chicago, IL with approximately 2,833 students. Illinois Institute of Technology has a strong focus on engineering and technology, with a high graduation rate and median earnings. The institution offers a high-quality education with a relatively low tuition cost for in-state students, making it more affordable compared to many peer institutions. Graduates from IIT have a high earning potential, with a median salary of $82,592 after 10 years.
The Verdict: Is Illinois Institute of Technology Worth It?
Illinois Institute of Technology presents a complex value proposition. With a median 10-year earning of $82,592 against an in-state tuition of $52,386 and median debt of $25,000, the initial financial outlay is substantial. The ROI score of -61 suggests a longer payback period than many institutions, indicating that while graduates earn well, the cost of attendance significantly impacts immediate financial returns. However, the strong median earnings, particularly for engineering and computer science graduates, indicate that a degree from IIT can lead to high-paying careers. For students who can secure scholarships or financial aid, or those who are highly focused on STEM fields where IIT excels, the long-term earning potential can justify the investment. The median debt of $25,000 is manageable relative to the median earnings. If a graduate can pay off their debt within 3-5 years, the value proposition improves considerably. Given the strong industry connections and the high demand for IIT's specialized graduates, it can be a good investment for the right student. Recommendation: A potentially good investment for driven STEM students who can leverage financial aid, but requires careful financial planning due to the high sticker price.
Return on Investment
While the degree is worth the cost for students interested in engineering and technology, the negative ROI score suggests that the financial return may not justify the investment for all students.
Debt Reality Check
Median student debt at Illinois Institute of Technology: $25,000. Monthly payment on a standard 10-year plan: $284/month. Total repaid: $34,080 ($9,080 in interest).
Breakeven vs high school diploma: 0.5 years. Debt burden: Low. Salary needed for comfortable repayment: $34,080.
Strengths
- Strong focus on engineering and technology
- High graduation rate
- High earning potential
Weaknesses
- Higher tuition for out-of-state students
- Moderate affordability score
- Negative ROI score
Academic Profile
SAT Average: 1311. ACT Midpoint: 29. Retention Rate: 86.0%.
Illinois Tech is renowned for its rigorous engineering, architecture, and science programs, consistently ranking among the top institutions in these fields. The College of Engineering is a powerhouse, with highly regarded departments in Mechanical, Electrical, Computer, and Chemical Engineering. The College of Architecture is equally prestigious, known for its innovative design studios and its integration with the urban environment. Beyond these core strengths, programs in Computer Science, Information Technology, and Applied Mathematics are exceptionally strong, attracting top talent. Research is a cornerstone of the IIT experience, with numerous opportunities for undergraduates to engage in cutting-edge research alongside faculty. Students can get involved in projects through departmental research programs, the Undergraduate Research Opportunities Program (UROP), or by directly approaching faculty whose work aligns with their interests. The faculty comprises leading researchers and practitioners in their fields, bringing real-world expertise into the classroom. While specific faculty salary data isn't readily available, the university's commitment to attracting top-tier talent is evident in its academic reputation. The student-faculty ratio of approximately 13:1 ensures personalized attention and fosters strong mentorship relationships. IIT offers a robust Honors Program for high-achieving students, providing enriched coursework, research opportunities, and a supportive cohort. Study abroad programs are available, allowing students to gain international perspectives, often with a focus on STEM-related fields. Academic support is comprehensive, with resources like the Academic and Personal Success Center offering tutoring, academic advising, and workshops to help students navigate the demanding curriculum.
Financial Aid Guide for Illinois Institute of Technology
Pell Grant recipients: 30.0%. Students taking federal loans: 28.7%.
Illinois Tech offers a robust financial aid program designed to make its rigorous education accessible. A significant portion of aid is merit-based, with automatic scholarships awarded to admitted students based on their academic achievements, including GPA and standardized test scores (though these are currently optional). These merit scholarships can range from a few thousand dollars to covering a substantial portion of tuition, with top students potentially receiving full-tuition awards. Need-based aid is also a critical component, with the university encouraging all families to complete the FAFSA and CSS Profile to determine eligibility for grants and institutional aid. For students with demonstrated financial need, federal and state grants, along with institutional grants, can significantly reduce the out-of-pocket cost. Work-study opportunities are available, providing students with part-time jobs on campus or with approved off-campus employers, allowing them to earn money to help cover educational expenses. Typical aid packages can vary widely based on academic merit and financial need. For instance, a student with strong academic credentials and moderate family income might receive a combination of merit scholarships and need-based grants totaling $20,000-$30,000 annually. Families with lower incomes and high demonstrated need could see aid packages that cover a much larger percentage of tuition and living costs. Scholarship tips include applying early, highlighting extracurricular achievements and leadership roles, and seeking out external scholarships. Negotiating financial aid at Illinois Tech is possible, particularly if you have received a more generous offer from a comparable institution. It's advisable to present a well-documented case for reconsideration, focusing on academic achievements and any changes in financial circumstances.
Hidden Costs at Illinois Institute of Technology
- On-campus housing can range from $8,000 to $12,000 per academic year, depending on the room type and building.
- Meal plans typically cost between $4,000 and $6,000 annually, with various tiers of dining access.
- Textbooks and course materials can add an estimated $1,000 to $1,500 per year.
- Student fees, including technology and activity fees, can total around $1,500 to $2,000 annually.
- Transportation costs, especially for students commuting or frequently using public transit in Chicago, can be $500 to $1,000 per year.
- Parking permits for students who bring cars to campus can be as high as $1,200 per year.
- Health insurance, if not covered by a parent's plan, can cost upwards of $3,000 annually.
Alumni Outcomes & Career Paths
Graduates from the Illinois Institute of Technology (Illinois Tech) are well-positioned for careers in technology, engineering, and architecture, leveraging the school's strong ties to Chicago's robust industrial and innovation sectors. Major employers actively recruit from Illinois Tech, including prominent names like Google, Microsoft, Amazon, Boeing, GE, and Exelon. The alumni network is particularly strong in industries such as software development, aerospace engineering, mechanical engineering, electrical engineering, cybersecurity, and urban planning. Many graduates also pursue advanced studies, with strong placement rates in top-tier graduate programs globally for fields like computer science, electrical engineering, and architecture. Notable alumni include figures like IIT alumnus and former CEO of McDonald's, Fred Turner, and the visionary architect Jeanne Gang.
Illinois Tech's career services are recognized for their proactive approach, offering robust internship pipelines and co-op programs that are crucial for gaining practical experience. The university's location in Chicago provides direct access to a vast array of internship opportunities with Fortune 500 companies and cutting-edge startups. Geographic hiring patterns show a significant concentration of alumni in the greater Chicago metropolitan area, but also strong presences in other major tech and engineering hubs across the United States, including the San Francisco Bay Area, Seattle, and Austin. The emphasis on hands-on learning and project-based education ensures graduates are job-ready, contributing to a high demand for their skills in competitive markets.
Campus Life & Culture at Illinois Institute of Technology
Illinois Tech's student body is notably diverse, with a significant international population contributing to a global perspective. The university attracts driven, intellectually curious students who are passionate about technology, engineering, and science, and who thrive in a challenging academic environment. Students who are self-motivated, enjoy problem-solving, and are eager to leverage the resources of a major city are likely to find IIT a rewarding place to learn and grow.
Illinois Tech, often called 'IIT,' cultivates a unique campus culture deeply intertwined with its strong STEM focus and its urban Chicago setting. The vibe here is one of intense academic pursuit, collaboration, and innovation, with students often found in study groups in the library, working on projects in maker spaces, or engaged in lively discussions in academic buildings. While not a traditional 'party school,' IIT offers a robust social scene for those who seek it out, often centered around student organizations and campus events. The university boasts over 200 student organizations, ranging from academic clubs like the Robotics Club and the ACM chapter to cultural groups, gaming communities, and service organizations. The university's main campus in Bronzeville is a vibrant neighborhood, offering students easy access to Chicago's cultural attractions, restaurants, and entertainment. Housing is primarily on-campus, with options like the Towers, McCormick Hall, and the State Street Village, providing a close-knit community feel. Dining services offer a variety of options across campus, including the main dining hall and various cafes and retail locations. Greek life is present, with several fraternities and sororities contributing to the social fabric, though it's not the dominant force it might be at other universities. Athletics are a significant part of campus life, with the Scarlet Hawks competing in NCAA Division III, offering opportunities for both varsity athletes and intramural participants. The overall atmosphere is one of driven, intellectually curious students who are passionate about their fields and eager to make their mark on the world, often leveraging the resources and opportunities of a major metropolitan city.
Campus Highlights
- The iconic S. R. Crown Hall, designed by Mies van der Rohe, is a National Historic Landmark and a testament to the university's architectural heritage.
- Proximity to downtown Chicago provides unparalleled access to internships, cultural events, and a vibrant urban student experience.
- Strong emphasis on hands-on learning through extensive maker spaces, labs, and research opportunities for undergraduates.
- The 'Innovation Quad' fosters interdisciplinary collaboration and entrepreneurship among students.
- A diverse student body representing over 100 countries, creating a global perspective on campus.
- The annual 'Dragon Day' tradition where architecture students build and parade a dragon float.
- Commitment to sustainability with LEED-certified buildings and green initiatives across campus.
Location & Regional Advantages
The Illinois Institute of Technology's location in Chicago, Illinois, offers significant geographic advantages for its students and graduates. Chicago is a major global hub for technology, finance, manufacturing, and architecture, providing a rich ecosystem for internships and post-graduation employment. The city boasts a diverse job market with numerous opportunities in sectors that align perfectly with IIT's core strengths, such as IT, engineering, and design. Major corporations like Accenture, Motorola Solutions, and United Airlines have significant operations in Chicago, offering ample career prospects.
The cost of living in Chicago is generally lower than in other major tech hubs like San Francisco or New York City, making the overall financial picture more manageable for graduates, especially when considering their earning potential. While Chicago's weather can be a deterrent for some, its quality of life is high, with world-class cultural institutions, diverse neighborhoods, and a vibrant culinary scene. Safety is a concern in any large city, but IIT's campus is in a relatively safe area, and the university provides safety resources. Proximity to industry hubs is a key benefit; Chicago's status as a transportation and logistics center also facilitates national and international career opportunities. The strong presence of established companies and a growing startup scene ensures that IIT graduates have a competitive edge in securing desirable positions both locally and nationally.
How to Get Into Illinois Institute of Technology
Illinois Tech employs a holistic review process, valuing academic rigor, a demonstrated passion for STEM, and a strong fit with its innovative culture. While the admission rate hovers around 55%, indicating a moderately selective environment, applicants with strong academic profiles are highly encouraged to apply. Early Decision (ED) and Early Action (EA) are available, with ED offering a binding commitment and potentially a slight advantage for well-qualified candidates who are certain IIT is their top choice. EA is non-binding and allows applicants to receive an earlier decision. The admissions committee looks beyond just GPA and test scores (which are currently optional, so strong essays and recommendations become even more crucial). They seek evidence of intellectual curiosity, problem-solving skills, leadership potential, and a genuine interest in technology and innovation. For GPA, admitted students typically have strong high school records, often with a B+ or A average, and a challenging course load including AP or IB classes in STEM subjects. Essays are a critical component; topics that showcase a student's passion for a specific engineering discipline, a personal project they've undertaken, or how they've overcome an academic challenge are highly effective. Demonstrated interest is considered, so attending virtual or in-person information sessions, engaging with admissions counselors, and visiting campus (if possible) can be beneficial. The application timeline typically involves deadlines for ED/EA in November and regular decision in January, with decisions released in December for ED/EA and March for regular decision.
How Illinois Institute of Technology Compares to Similar Schools
Similar schools: University of Illinois Urbana-Champaign (UIUC), Purdue University, Carnegie Mellon University, Georgia Institute of Technology
Advantages
- Strong focus on architecture and design programs, often considered on par with or exceeding some peers.
- Deeply integrated with Chicago's specific industry landscape, offering unique local internship and job opportunities.
- Smaller class sizes and more personalized attention in some programs compared to larger public universities.
Disadvantages
- Higher sticker price compared to flagship public universities like UIUC or Purdue.
- Less broad recognition and perceived prestige in non-STEM fields compared to more comprehensive universities.
Best For
- Ideal for students interested in engineering and technology fields
- Best for those seeking a high-quality education at an affordable price
Avoid If
- Avoid if you are not interested in engineering or technology fields
- Not recommended for students looking for a lower-cost alternative
Frequently Asked Questions about Illinois Institute of Technology
How much does it cost to attend Illinois Institute of Technology?
In-state tuition at Illinois Institute of Technology is $52,386 per year, and out-of-state tuition is $52,386 per year. The median student debt at graduation is $25,000.
What is the acceptance rate at Illinois Institute of Technology?
Illinois Institute of Technology has an acceptance rate of 54.9%.
What is the graduation rate at Illinois Institute of Technology?
Illinois Institute of Technology has a graduation rate of 74.0%.
How much do Illinois Institute of Technology graduates earn?
The median earnings for Illinois Institute of Technology graduates 10 years after enrollment is $82,592. With median debt of $25,000, graduates earn roughly 3.3x their debt level annually.
How big is Illinois Institute of Technology?
Illinois Institute of Technology has approximately 2,833 students and is classified as a medium institution. It is located in Chicago, IL and is a Private Nonprofit institution.
Is Illinois Institute of Technology worth the cost?
Illinois Institute of Technology has an ROI score of -61 out of 100. With in-state tuition of $52,386 per year and median post-graduation earnings of $82,592, the data suggests the return on investment may be below average.
Where is Illinois Institute of Technology located?
Illinois Institute of Technology is located in Chicago, IL. It is a Private Nonprofit institution with approximately 2,833 students.
How much student debt do Illinois Institute of Technology graduates have?
The median student debt for Illinois Institute of Technology graduates is $25,000. With median earnings of $82,592 ten years after enrollment, graduates can expect a debt-to-income ratio of 30%.
Is Illinois Institute of Technology a good college?
Illinois Institute of Technology has a graduation rate of 74.0% and median post-graduation earnings of $82,592. High graduation rate of 74%
How does Illinois Institute of Technology compare to similar colleges?
Median earnings of $82,592 after 10 years Compared to peer institutions, Illinois Institute of Technology offers a more affordable education with a strong focus on engineering and technology, leading to high earning potential.
What career prospects do Illinois Institute of Technology graduates have?
Graduates from Illinois Institute of Technology are well-positioned for careers in engineering, technology, and related fields, with a high earning potential.
What should prospective students know about Illinois Institute of Technology?
Illinois Institute of Technology holds a strong market position in the engineering and technology education sector, offering a high-quality education at a competitive price.
What makes Illinois Institute of Technology stand out?
Affordability with in-state tuition of $52,386
What are the pros and cons of attending Illinois Institute of Technology?
Strong focus on engineering and technology disciplines
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Analysis based on U.S. Department of Education data. Not enrollment advice. Verify information with the institution directly.