Financial Aid

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The Office of Financial Aid strives to educate, empower, and support students with an understanding of financial aid options and resources in an approachable environment.

COVID-19 Cares ACT

CARES Act

Current students with a valid FAFSA are eligible for consideration for Higher Education Emergency Relief Funds.

Apply Here

Elevate

Illinois Tech places a premium on co-curricular learning. Elevate connects our student with these opportunities, including study abroad, internships, research, and much more. Financial support may be available for some experiences.

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Veterans

Illinois Tech is proud to support our veterans in paying for their education. Benefits are processed through the Office of Financial Aid. Learn more about the process and connect with the school certifying official.

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Paying for Your Education

Tuition, Fees, and Costs

Illinois Tech provides its students a cost of attendance that estimates expenses for each academic year. The list of estimated expenses is not a bill, and actual costs may vary.

Apply for Financial Aid

Learn about all the financial aid sources available to help you pay for your education.

Net Price Calculator

Undergraduate students and their families can use the Net Price Calculator to estimate the “net price” to attend Illinois Tech.

Grants and Loans

Learn about the grants and loans that are available to Illinois Tech students, who is eligible, and how funds are dispersed.

Scholarships

All domestic undergraduate and transfer students and select graduate students are automatically considered for scholarships at Illinois Tech.

Federal Work-Study

You can gain real-world experience and pay off your studies through the Federal Work-Study program by working on campus.

Fulfilling Our Mission

In 1890 Illinois Institute of Technology was founded in order to lift up people of all backgrounds with education that would help them meet the needs of the age. One hundred thirty years on, we remain committed to doing just that.

30%

Of Undergraduate Students

Receive Federal Pell Grants with Serious Financial Need

2.7%

Student Loan Default Rate

Compared to National Default Average of 11.3%

“One big reason I chose Illinois Tech was because I really wanted to stay in Chicago, and the school has a great location. I had also heard good things about Illinois Tech’s academic rigor and diverse student body. Finally, Illinois Tech was extremely generous with financial aid and gave me an award that put college within reach.”

—Ursula Hersh (Social and Economic Development Policy 2nd Year)

“When I was applying to schools, I was a DACA recipient and Illinois Tech offered the most support. After my first semester, I became a permanent resident and Illinois Tech still offered the most support.”

—Kevin Gonzalez Lopez (Mechanical Engineering ’20)

“Illinois Tech ticked almost all the boxes, if not all, of the various things I was looking for in a college. It offered small class sizes, strong academic reputation, a co-terminal program, and diversity. In addition, Illinois Tech offered at the time a very generous scholarship package compared to the other schools I had applied to.”

—Modupeoreoluwa Olotu (ITM/M.A.S. ITM ’20)

Contact Financial Aid

Phone

312.567.7219 866.901.1866 (toll free)

Fax

312.567.3982

Email

finaid@iit.edu

Department Type

Administrative

Office Location

Financial Aid
Perlstein Hall
10 West 33rd Street, 206
Chicago, IL 60616

Social Media

Office Hours

Monday–Friday: 9 a.m.–5 p.m.

APPOINTMENTS
Virtual: Book here
In-person: Call 312.567.3028