Illinois Institute of Technology

web.iit.edu/

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2021 Undergraduate Tuition

$48,555

0.113% growth from 2020

2021 Average Net Price

$26,789

After Financial Aid

2019 Student Loan

0.886%

Default Rate

2021 Acceptance Rate

66.1%

6,521 Applicants

2021 Enrolled Students

6,486

79.1% Full-Time

2021 Graduation Rate

71.4%

340 Graduates

About

Illinois Institute of Technology is a higher education institution located in Cook County, IL. In 2021, the most popular Professional Doctorate concentrations at Illinois Institute of Technology were Law (226 degrees awarded).

In 2021, 2,044 degrees were awarded across all undergraduate and graduate programs at Illinois Institute of Technology. 39.3% of these degrees were awarded to women, and 60.7% awarded men. The most common race/ethnicity group of degree recipients was white (574 degrees), 3.01 times more than then the next closest race/ethnicity group, asian (191 degrees).

The median undergraduate tuition at Illinois Institute of Technology is $48,555, which is $19,563 more than the national average for Doctoral Universities ($28,992).

Doctoral Universities: Higher Research Activity Doctoral Universities

Costs

In 2021, the median undergraduate tuition at Illinois Institute of Technology is $48,555, which is $19,563 more than the national average for Doctoral Universities ($28,992).

After taking grants and loans into account, the average net price for students is $26,789.

In 2021, 93% of undergraduate students attending Illinois Institute of Technology received financial aid through grants. Comparatively, 41% of undergraduate students received financial aid through loans.

Tuition Costs

$48,555

2021 Undergraduate Tuition

In 2021, the cost of tuition at Illinois Institute of Technology was $48,555. The cost of tuition at Illinois Institute of Technology is $19,563 more than than the overall (public and private) national average for Doctoral Universities ($28,992).

This chart compares the tuition costs of Illinois Institute of Technology (in red) with those of other similar universities.

Average Net Price

$26,789

2021 Value

4.87%

1 Year Growth

In 2021 Illinois Institute of Technology had an average net price — the price paid after factoring in grants and loans — of $26,789. Between 2020 and 2021, the average net price of Illinois Institute of Technology grew by 4.87%.

This chart compares the average net price of Illinois Institute of Technology (in red) with that of other similar universities.

Average net price is calculated from full-time beginning undergraduate students who were awarded a grant or scholarship from federal, state or local governments, or the institution.

Other Student Expenses

$13,064

Room and Board

$1,200

Books and Supplies

The average yearly cost of room and board at Illinois Institute of Technology was of $13,064 in 2021. The cost of room and board increased by 7.16% between 2020 and 2021.

During the same period, the average yearly cost of books and supplies was $1,200. The cost of books and supplies decreased by 4% during the same period.

This chart compares the average student costs at Illinois Institute of Technology (in red) with that of similar universities.

Financial Aid by Income Level

93%

Undergraduates Receiving Financial Aid through Grants

41%

Undergraduates Receiving Financial Aid through Loans

93% of undergraduate students at Illinois Institute of Technology received financial aid through grants or loans in 2021. This represents a decline of 2.11% with respect to 2020, when 95% of undergraduate students received financial aid.

This chart compares the average award discount at Illinois Institute of Technology (in red) with that of other similar universities.

The average award discount is the ratio between the average grant or scholarship value, and the cost, which is the sum of out-of-state tuition, room, board, book, supplies, and other expenses.

Student Loan Default Rate

Cohort default rates only account for borrowers who default in the first three years, and some schools only have a small proportion of borrowers entering repayment. These rates should be interpreted with caution, as they may not be reflective of the entire school population.

0.886%

2019 Default Rate

Number of Defaults

In 2019 the default rate for borrower's at Illinois Institute of Technology was 0.886%, which represents 7 out of the 790 total borrowers.

A cohort default rate is the percentage of a school's borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year.

Admissions

Illinois Institute of Technology received 6,521 undergraduate applications in 2021, which represents a 29.6% annual growth. Out of those 6,521 applicants, 4,311 students were accepted for enrollment, representing a 66.1% acceptance rate.

There were 6,486 students enrolled at Illinois Institute of Technology in 2021. 39% of first-time enrollees submitted SAT scores with their applications.

Illinois Institute of Technology has an overall enrollment yield of 11.7%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

66.1%

Acceptance Rate in 2021

4,311

Accepted Out of 6,521

In 2021, the undergraduate acceptance rate of Illinois Institute of Technology was 66.1% (4,311 admissions from 6,521 applications). This is higher than the acceptance rate of 2020, which was 60.7%. Between 2020 and 2021, the number of applicants grew by 29.6%, while admissions grew by 41.2%..

This chart compares the acceptance rate of Illinois Institute of Technology (in red) with that of other similar universities, and the chart below shows the acceptance rate by gender.

SAT Scores

39%

Submission Percentage (2021)

199

Scores Submitted (2021)

39% of enrolled first-time students at Illinois Institute of Technology in 2021 submitted SAT scores with their applications.

This chart shows the SAT scores for the 25th and 75th percentile of applicants broken out into each section of the test that their are evaluated on.

Enrollment

Illinois Institute of Technology had a total enrollment of 6,486 students in 2021. The full-time enrollment at Illinois Institute of Technology is 5,132 students and the part-time enrollment is 1,354. This means that 79.1% of students enrolled at Illinois Institute of Technology are enrolled full-time.

The enrolled student population at Illinois Institute of Technology, both undergraduate and graduate, is 30.9% White, 11.4% Hispanic or Latino, 10.5% Asian, 4.09% Black or African American, 2.47% Two or More Races, 0.0925% American Indian or Alaska Native, and 0.0463% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Illinois Institute of Technology in full-time Undergraduate programs are most commonly White Male (25.7%), followed by Hispanic or Latino Male (12.3%) and White Female (11.9%). Students enrolled in full-time Graduate programs are most commonly White Male (12.9%), followed by White Female (12.3%) and Asian Female (2.98%).

Full-Time vs Part-Time Enrollment

79.1%

Full-Time Enrollment

The total enrollment at Illinois Institute of Technology in 2021, both undergraduate and graduate, is 6,486 students. The full-time enrollment at Illinois Institute of Technology is 5,132 and the part-time enrollment is 1,354. This means that 79.1% of students enrolled at Illinois Institute of Technology are enrolled full-time compared with 76.6% at similar Doctoral Universities.

This chart shows the full-time vs part-time enrollment status at Illinois Institute of Technology (in red) compares to similar universities.

Retention Rate over Time

87%

2021 Retention Rate

Retention rate measures the number of first-time students who began their studies the previous fall and returned to school the following fall. The retention rate for full-time undergraduates at Illinois Institute of Technology was 87%. Compared with the full-time retention rate at similar Doctoral Universities (84%), Illinois Institute of Technology had a retention rate higher than its peers.

This chart shows the retention rate over time at Illinois Institute of Technology (highlighted in red) compares to similar universities.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2021)

White
2,005 enrolled students
Hispanic or Latino
738 enrolled students
Asian
683 enrolled students

The enrolled student population at Illinois Institute of Technology is 30.9% White, 11.4% Hispanic or Latino, 10.5% Asian, 4.09% Black or African American, 2.47% Two or More Races, 0.0925% American Indian or Alaska Native, and 0.0463% Native Hawaiian or Other Pacific Islanders. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Doctoral Universities is 48.9% White, 15.1% Hispanic or Latino, and 9.56% Black or African American.

Any student who is studying in the United States on a temporary basis is categorized as a "Non-Resident Alien", and the share of those students are shown in the chart below. Additionally, 194 students (2.99%) did not report their race.

Graduates

In 2021, 438 fewer women than men received degrees from Illinois Institute of Technology. The most common race/ethnicity group of degree recipients at Illinois Institute of Technology is white (574 degrees awarded). There were 3.01 times more white recipients than the next closest race/ethnicity group, asian (191 degrees).

The most common Professional Doctorate concentration at Illinois Institute of Technology is Law (226 degrees awarded).

In 2021, the most specialized majors across all degree types at Illinois Institute of Technology, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Architecture and Related Services (115 degrees awarded), Legal (260 degrees), and Engineering (606 degrees).

Common Jobs by Major

Software developers

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Illinois Institute of Technology are Software developers (862,054 people), Other managers (419,660 people), Miscellaneous engineers, including nuclear engineers (359,294 people), Civil engineers (267,696 people), and Mechanical engineers (194,661 people).

The most specialized majors at Illinois Institute of Technology in 2021 are Architecture and Related Services (115 degrees awarded), Legal (260 degrees), Engineering (606 degrees), Computer and Information Sciences and Support Services (513 degrees), and Agriculture (38 degrees) (as of 2021).

Highest Paying Jobs by Major

Podiatrists

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Illinois Institute of Technology are Podiatrists, Surgeons, Physicians, Magnetic resonance imaging technologists, and Nurse anesthetists

The most specialized majors at Illinois Institute of Technology are Architecture and Related Services (115 degrees awarded), Legal (260 degrees), Engineering (606 degrees), Computer and Information Sciences and Support Services (513 degrees), and Agriculture (38 degrees) (as of 2021).

Common Industries by Major

Computer Systems Design

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Illinois Institute of Technology are Computer Systems Design (929,312 people), Architectural, engineering & related services (568,945 people), Construction (338,990 people), Colleges, universities & professional schools, including junior colleges (270,851 people), and Management, scientific & technical consulting services (191,660 people).

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Illinois Institute of Technology.

Most Common (2021)

Computer Science
213 degrees awarded
Information Technology
105 degrees awarded
Mechanical Engineering
68 degrees awarded

In 2021, the most common masters degree concentration at Illinois Institute of Technology was Computer Science with 213 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from masters degree programs at Illinois Institute of Technology according to their major.

Sex Breakdown for Common Majors

1,241

Degrees Awarded to Men

in 2021

803

Degrees Awarded to Women

in 2021

In 2021, 1,241 degrees were awarded to men at Illinois Institute of Technology, which is 1.55 times more than the number of degrees awarded to females (803).

This chart displays the sex disparity between the top 5 majors at Illinois Institute of Technology by degrees awarded.

Most Common Male Majors

In 2021, 238 degrees were awarded to men at Illinois Institute of Technology in Computer Science, which is 3.05 times more than the 78 female recipients with that same degree.

Most Common Female Majors

In 2021, 114 degrees were awarded to men at Illinois Institute of Technology in Law, which is 1.02 times more than the 112 male recipients with that same degree.

Time to Complete

40%

100% Completion Time

70%

150% Completion Time

In 2021, 40% of students graduating from Illinois Institute of Technology completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 70% completed their degrees within 150% of the normal time, and 72% within 200%.

The following chart shows these completion rates over time compared to the average for the Doctoral Universities Carnegie Classification group.

Graduation rate is defined as the percentage of full-time, first-time students who received a degree or award within a specific percentage of "normal time" to completion for their program.

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.

Two or More Races Female

Highest Graduation Rate (85.7%)

The student demographic with the highest graduation rate in 2021 at Illinois Institute of Technology is Female and Two or More Races (85.7% graduation rate). Across all Doctoral Universities, Asian Female students have the highest graduation rate (72.9%).

The department of education defines graduation rate as the percentage of full-time, first-time students who received a degree or award within 150% of "normal time" to completion.

The National Center for Education Statistics (NCES) categorizes any student who is studying in the United States on a temporary basis as a "Non-Resident Alien", and the graduation rate of those students is shown in the chart below. Additionally, 2.06% of graduates (7 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2021)

White
574 degrees awarded
Asian
191 degrees awarded
Hispanic or Latino
164 degrees awarded

The most common race/ethnicity at Illinois Institute of Technology is white (574 degrees awarded). There were 3.01 times more white recipients than the next closest race/ethnicity group, asian (191 degrees).

2.79% of degree recipients (57 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2021)

White Male
373 degrees awarded
White Female
201 degrees awarded
Hispanic or Latino Male
104 degrees awarded

The most common race/ethnicity and sex grouping at Illinois Institute of Technology is white male (373 degrees awarded). There were 1.86 times more white male recipients than the next closest race/ethnicity group, white female (201 degrees).

Operations

Illinois Institute of Technology has an endowment valued at nearly $303M, as of the end of the 2021 fiscal year. The return on its endowment was of 59.4M (19.6%) compared to the 10.4% average return (40.5M on 388M) across all Doctoral Universities.

In 2021, Illinois Institute of Technology had a total salary expenditure of 275M. Illinois Institute of Technology employs 162 Professors, 99 Associate professors and 57 Assistant professors. Most academics at Illinois Institute of Technology are Male Professor (126), Male Associate professor (70), and Male Assistant professor (39).

The most common positions for non-instructional staff at Illinois Institute of Technology are: Management, with 159 employees, Office and Administrative Support, with 116 employees, and Business and Financial Operations with 114 employees.

Endowment

$303M

2021 Endowment

19.1%

growth from 2020

Illinois Institute of Technology has an endowment valued at about $303M, as of the end of the 2021 fiscal year. The endowment of Illinois Institute of Technology grew 19.1% from the previous year. The value of their endowment was $84.9M lower than than the median endowment of Doctoral Universities according to the Carnegie Classification grouping.

This line chart shows how the endowment at Illinois Institute of Technology (in red) compares to that of some similar universities.

The small bar chart below shows the endowment quintiles for all universities in the Doctoral Universities: Higher Research Activity Carnegie Classification grouping.

Government Grants and Contracts

Grants & Contracts

$59M - Federal
$409k - State
$601k - Local

As of 2021, Illinois Institute of Technology received $59M in grants and contracts from the federal government, $409k from state grants and contracts, and $601k from local grants and contracts.

Salary Expenditure

$118M

2021 Salaries

3.89%

decline from 2020

In 2021, Illinois Institute of Technology paid a median of $118M in salaries, which represents 42.9% of their overall expenditure ($275M) and a 3.89% decline from the previous year.

The median for similar Doctoral Universities is 234M (42.8% of overall expenditures).

Instructional Salaries

$49.1M

Instructional Salaries

389

Number of Employees

In 2021, Illinois Institute of Technology paid a total of $49.1M to 389 employees working as instructors, which represents 41.7% of all salaries paid.

This is compared to a median of $71M (30.3%) for similar Doctoral Universities.

Occupations by Share

Professor

Most Common Instructor

162 Employees

Management

Most Common Non-Instructional Employee

159 Employees

In 2021, the most common positions for instructional staff at Illinois Institute of Technology were Professor with 162 employees, Associate professor with 99 employees, and Assistant professor with 57 employees.

In 2021, the most common positions for non-instructional staff at Illinois Institute of Technology were Management with 159 employees, Office and Administrative Support with 116 employees, and Business and Financial Operations with 114 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2021)

Male Professor
Male Associate professor
Male Assistant professor

In 2021, the most common demographic for instructional staff at Illinois Institute of Technology was Male Professor with 126 employees, Male Associate professor with 70 employees, and Male Assistant professor with 39 employees.

This chart shows the sex split between each academic rank present at Illinois Institute of Technology.