Student Loans for IIT Students
Founded in 1940 as a result of a merger of Armour Institute of Technology and Lewis Institute, the Illinois Institute of Technology is a prestigious institution dedicated to providing quality education in a variety of technology related disciplines. As a PhD-granting research university, IIT provides life-changing learning opportunities through its world-renowned programs, including architecture, engineering, the sciences, design, humanities and business. The cultural heft of Chicago, America’s “second city” is an added benefit of an IIT education.
About Financial Aid
If you are eager to be a part of IIT but lack the financial resources, IIT financial aid programs can help. The university’s well-structured financial aid program includes a variety of packages that allow students to partake in the IIT experience without obstacles of cost. To apply for all types of Illinois Institute of Technology financial aid, you need to file the FAFSA (Free Application for Federal Student Aid) form, which can be done online at fafsa.ed.gov.
Financial Aid Packages
In addition to awarding free money in the form of scholarships and fellowships, the university boasts both federal and state grant programs. You may also receive work-study via the IIT financial aid package. Overall, the wide array of available options increases your chances of qualifying for a suitable aid program.
Private Student Loans
If you are unable to receive IIT financial aid, there is still hope for you to participate in an IIT program, as the door of private student loans is always open. Even though repaying private student loans is not as easy as paying back federal student loans (because of their high rate of interest), they still make a great choice if you have no other option to manage your tuition and other related expenses. If you are interested in applying for a private student loan, a Student Loan Comparison tool is available here and will help you make the right decision.
The IIT financial aid office offers a number of institutional awards to help international students cover the cost of their education. International students can access these awards when they apply for admission. Students receive extensive information about the amount they have been awarded with their letter of admission. International students can find detailed information about the awards on the IIT financial aid webpage.
What undergraduate scholarship awards are available for students at the Illinois Institute of Technology?
The Illinois Institute of Technology financial aid office offers a number of scholarship awards for undergraduate students, including the Camras Scholars Program, the Crown Scholarship, the Duchossois Leadership Scholars, the Presidential Scholarships, the STEM Educational and Scholarship Initiative, the Collens Scholars Program, the Chicago Police and Fire Departments Scholarships, and the ROTC Scholarship award. In addition to these, the Illinois Institute also accepts federal aid.
Pay for Illinois Institute of Technology*
|Total Avg. Cost||$45,487|
|Room & Board||$10,094|
|Financial Aid Information|
|Students Receiving Fin Aid||99%|
|Typical Grant Amounts|
|Avg. Other Stud. Loans||$6,985|
|%Receiving Other Loans||8%|
Get into Illinois Institute of Technology
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*Data source is the Integrated Postsecondary Education Data System (IPEDS) the data collection program for the National Center for Education Statistics