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Undergraduate Costs and Aid

With 98 percent of our undergraduates receiving some form of financial aid, Illinois Tech has significant experience making an education affordable for our students and their families. We understand that the price of a private education may be intimidating, so we work with you to find feasible solutions.

We offer scholarship opportunities in dollar amounts ranging from $10,000 to a full-tuition scholarship. Discuss your needs with one of our admission counselors, who can determine your best pathway to an affordable education.

All applicants are considered for merit-based scholarships when they apply before our rolling admission deadline. Still, we encourage students to apply by the priority scholarship deadline for the best chance to receive a scholarship award.

Estimated Cost of Attendance

Universities construct a Cost of Attendance to provide families with a guideline for anticipated annual expenses. The list below does not reflect the amount students will be billed. Actual costs may vary based on expenses charged by the university (tuition, fees, meal plan), non-billable expenses incurred by the individual, and your total scholarship and financial aid offer.

2021–2022 Academic Year

Example Budget—New Undergraduate Students
U.S. Citizens/Permanent Residents




Living at Home

Tuition (billable expense)




Mandatory Fees (billable expense) 


$1,970 $1,970

Room (on campus—billable expense)




Board (meal plan—billable expense for on-campus only




Books (non-billable estimate) 




Transportation (non-billable estimate) 




Personal and Miscellaneous (non-billable estimate) 


$3,500 $3,500

Loan Fees (non-billable estimate) 

$56 $56 $56
International Students







Mandatory Fees



Room and Board



Illinois Tech Health Insurance



  • Visit the Student Accounting Office website for specifics about activity fees, health insurance, and other ancillary fees.
  • Tuition and living expense budgets can be expected to increase approximately 3–5 percent each year.
  • All students are required to be covered under a United States health insurance policy, which can be purchased from Illinois Tech at the amount listed in the chart.

Finance Your Illinois Tech Education

Illinois Tech strives to meet a family's entire need through grants, work (or work-study), and loans. Here is a look at what domestic first-year students received last year when they combined their initial merit scholarship with additional Illinois Tech scholarships and government grants.

Family's Adjusted Gross Income

Average Scholarships and Grant Aid


$45,000 Total Scholarships and Grants


$42,000 Total Scholarships and Grants


$38,500 Total Scholarships and Grants

$135,000 and above

$32,000 Total Scholarships and Grants

The PayScale College ROI (Return On Investment) Report ranks Illinois Tech #1 in Illinois and #35 in the U.S. for mid-career earnings of graduates who have earned a bachelor’s degree (among all private universities, after aid).

Say Hi to ROI


Average Annual Out-of-Pocket Expenses Paid by Illinois Tech Undergraduates, After Scholarships and Grants

From Households Earning $45,000 or Less


Of Our Undergraduates Are Pell Grant Recipients

#1 in Illinois

And #32 in the Nation

For Lifting Students from Families in the Bottom 20% of Income to the Top 20%—Opportunity Insights

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Submit Your FAFSA

To be considered for financial aid at Illinois Tech, students must submit a Free Application for Federal Student Aid (FAFSA) or renewal FAFSA. Designate "IIT" on the FAFSA with our Title IV code, 001691, so we will receive your electronic Student Aid Report.

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Net Price Calculator

Our financial aid calculator estimates financial need and merit awards based on prior year data. Find your estimated cost of attendance.

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