Student Loans for IIT Students

About IIT

IIT StudentsFounded 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

Financial Aid Packages

financial aidIn 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.

Pay for Illinois Institute of Technology*

Total Avg. Cost $45,487
Tuition $32,443
Room & Board $10,094
Financial Aid Information
Students Receiving Fin Aid 99%
Typical Grant Amounts
State/Local $4,751
Federal $8,230
%Receiving Loans 55%
Avg. Other Stud. Loans $6,985
%Receiving Other Loans 8%

Get into Illinois Institute of Technology

Admission Rate 64%
Total Enrollment 7,774
Men 64%
Women 36%
Graduation Rate 64%
Application Fee $0

Contact Illinois Institute of Technology

3300 S Federal St
Chicago, IL 60616
(312) 567-3000
Financial Aid Office URL
Admissions Office URL

*Data source is the Integrated Postsecondary Education Data System (IPEDS) the data collection program for the National Center for Education Statistics

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