Tuition and Financial Aid

More than 98 percent of Illinois Tech students receive some type of financial aid. You can review our cost of attendance and ways to finance your education in the financial aid section of our website.

Viewing Your Financial Aid Offer

Eligible domestic students who submit their Free Application for Federal Student Aid (FAFSA) will receive their financial aid offers beginning in mid-April. They will receive an email via their Hawk email account once their offer is available and can view it on the Finances tab in their myIIT Portal. View instructions on how to access your financial aid offer.

When choosing a college, it is important to consider not just the cost of the education, but also its long-term value. The primary benefits of attending Illinois Tech are the knowledge and capabilities that will enrich your experience and create opportunities for your future, whether in graduate study, the workplace, or your everyday life. PayScale ranks Illinois Tech #1 in Illinois for mid-career earnings of our graduates (after aid).

If you have any questions about funding your education, we encourage you to contact your admission counselor.

Our Support Philosophy

Illinois Tech was founded on the mission that we could build a school where students of all backgrounds could prepare for meaningful roles in a changing society. This informs our approach to student success and our commitment to affordability.

If you receive a merit or need-based scholarship and your GPA drops below the recommended threshold to remain in good academic standing, our financial aid team will work with you to form a plan to help you keep your scholarship and receive the academic support needed for long-term success.

Financial Aid Checklists

File Your FAFSA Form (ASAP)

  • File your Free Application for Federal Student Aid (FAFSA) using school code 001691. Use the IRS data retrieval tool for quick processing using your previous year's tax information. Illinois residents are encouraged to complete the FAFSA as early as possible to be considered for state aid.

Beginning in March

  • Receive your financial aid offer via your IIT email and IIT portal

Late June

August

  • Complete Title IV Authorization Form with the Student Accounting Office. This form allows Illinois Tech to apply financial aid to non-mandatory fees such as bookstore charges, library fines, and health insurance.
  • Pay your student bill. Fall courses begin on August 21. Institutional scholarships and federal financial aid disburse to your account. Payments can be made through the portal, in the TouchNet system.

September

  • Be sure to make any course schedule changes by September 4. If you do not drop courses properly with the Registrar’s Office, you will be charged!
  • Check financial aid disbursement in your portal. If all aid is not disbursed, but all requirements are satisfied, please contact the Office of Financial Aid.

Accepting Your Financial Aid Offer

Official Financial Aid offers are emailed to all students who file their FAFSA form and send their information to Illinois Tech using school code 001691. Learn about what steps to take to accept your financial aid offer once you confirm your enrollment.

International Financial Documentation Requirement
You must demonstrate that you or your sponsor have available finances to meet the educational and living expenses while you are a student at Illinois Tech.

* Minimum dollar amount may vary based on any merit-based scholarships awarded.

To fulfill this requirement, you must: 

  • Complete the Financial Affidavit of Responsibility Form
  • Submit Proof of Funds which may be in the form of a bank letter bearing the bank’s seal and signature or a bank statement of financial transactions stating that funds are readily available.
     

It is important to remember the following things when submitting your Financial Affidavit of Responsibility form:

  • Acceptable sources of funding may include checking and savings accounts, loan letters, government sponsorship, fixed deposits, investment portfolio or stocks with liquid funds, bonds with a maturity date before the start of the semester, and business accounts (additional documentation of business registration). Unacceptable sources include salary verification letters, pay stubs, tax return forms, insurance policies and real estate or property holdings. Any financial document that does not show a currently available balance (liquid funds) will not be acceptable.
  • If you are submitting proof of financing in an account that is not in your own name, you will need to have your sponsor complete the Sponsor Certification Section of the Financial Affidavit of Responsibility form.
  • You may submit bank statements from two or more sponsors. However, each sponsor must complete the Sponsor Certification Section of the Financial Affidavit of Responsibility form.
  • The bank statement you provide must clearly show the currency of the funds in the account.
  • Your Financial Affidavit of Responsibility Form and Proof of Funds will can be uploaded within the ISSS Portal once you have received your admission decision and paid your enrollment deposit fee. Please note that this information is required to issue the Immigration and Customs Enforcement (ICE) form I-20 or DS-2019, which you will use to obtain an F1 or J-1 visa.

Paying Your Tuition Bill

Once you register for courses, you will gain access to your tuition bill. Tuition is due two weeks after the first day of courses.

Student Accounting Pay Your Tuition Sign up for a Payment Plan

FERPA Confidentiality Policy

The Family Educational Rights and Privacy Act (FERPA) (20 U.S.C. § 1232g; 34 CFR Part 99) is a Federal law that protects the privacy of student education records.

Students may complete the FERPA Release Form to grant permission to release all or part of their records to specific individuals.

Learn more