Illinois Institute of Technology

web.iit.edu

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2023 Undergraduate Tuition
$49,607
1.95% growth from 2022
2023 Average Net Price
$25,001
After Financial Aid
2021 Default Rate
0%
on Student Loans
2023 Acceptance Rate
55.4%
8,912 Applicants
2023 Enrolled Students
8,563
76.7% Full-Time
2023 Graduation Rate
72.4%
339 Graduates

About

Illinois Institute of Technology is a higher education institution located in Cook County, IL. In 2023, the most popular Masters Degree concentrations at Illinois Institute of Technology were Computer Science (231 degrees awarded), Information Technology (86 degrees), and Mechanical Engineering (71 degrees).

In 2023, 2,141 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 (598 degrees), 2.74 times more than then the next closest race/ethnicity group, asian (218 degrees).

The median undergraduate tuition at Illinois Institute of Technology is $49,607, which is $18,604 more than the national average for Doctoral Universities ($31,004).

In 2021 the default rate for borrower's at Illinois Institute of Technology was 0%, corresponding to 0 out of the 800 total borrowers.

Doctoral Universities: Higher Research ActivityDoctoral Universities

Costs

In 2023, the median undergraduate tuition at Illinois Institute of Technology is $49,607, which is $18,604 more than the national average for Doctoral Universities ($31,004).

After taking grants and loans into account, the average net price for students is $25,001.

In 2023, 90% of undergraduate students attending Illinois Institute of Technology received financial aid through grants. Comparatively, 33% of undergraduate students received financial aid through loans.

Tuition Costs

$49,607
2023 Undergraduate Tuition

In 2023, the cost of tuition at Illinois Institute of Technology was $49,607. The cost of tuition at Illinois Institute of Technology is $18,604 more than than the overall (public and private) national average for Doctoral Universities ($31,004).

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

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Average Net Price

$25,001
2023 Value
12.9%
1 Year Growth

In 2023 Illinois Institute of Technology had an average net price — the price paid after factoring in grants and loans — of $25,001. Between 2022 and 2023, the average net price of Illinois Institute of Technology grew by 12.9%.

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.

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Other Student Expenses

$14,195
Room and Board
$1,200
Books and Supplies

The average yearly cost of room and board at Illinois Institute of Technology was of $14,195 in 2023. The cost of room and board increased by 0.781% between 2022 and 2023.

During the same period, the average yearly cost of books and supplies was $1,200. The cost of books and supplies did not change during the same period.

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

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Financial Aid by Income Level

90%
Undergraduates Receiving Financial Aid through Grants
33%
Undergraduates Receiving Financial Aid through Loans

90% of undergraduate students at Illinois Institute of Technology received financial aid through grants or loans in 2023. This represents a decline of 6.25% with respect to 2022, when 96% 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.

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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%
2021 Default Rate
0
Number of Defaults

In 2021 the default rate for borrower's at Illinois Institute of Technology was 0%, which represents 0 out of the 800 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.

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Admissions

Illinois Institute of Technology received 8,912 undergraduate applications in 2023, which represents a 23% annual growth. Out of those 8,912 applicants, 4,939 students were accepted for enrollment, representing a 55.4% acceptance rate.

There were 8,563 students enrolled at Illinois Institute of Technology in 2023. 45% of first-time enrollees submitted SAT scores with their applications.

Illinois Institute of Technology has an overall enrollment yield of 10.8%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

55.4%
Acceptance Rate in 2023
4,939
Accepted Out of 8,912

In 2023, the undergraduate acceptance rate of Illinois Institute of Technology was 55.4% (4,939 admissions from 8,912 applications). This is lower than the acceptance rate of 2022, which was 61.4%. Between 2022 and 2023, the number of applicants grew by 23%, while admissions grew by 11%.

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.

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SAT Scores

45%
Submission Percentage (2023)
239
Scores Submitted (2023)

45% of enrolled first-time students at Illinois Institute of Technology in 2023 submitted SAT scores with their applications.

The following chart shows the average SAT scores for the 25th, 50th, and 75th percentile of applicants for each section of the test that they are evaluated on.

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Enrollment

Illinois Institute of Technology had a total enrollment of 8,563 students in 2023. The full-time enrollment at Illinois Institute of Technology is 6,571 students and the part-time enrollment is 1,992. This means that 76.7% 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 21.6% White, 10.8% Hispanic or Latino, 7.78% Asian, 3.5% Black or African American, 1.96% Two or More Races, 0.0584% American Indian or Alaska Native, and 0.0467% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Illinois Institute of Technology in full-time Undergraduate programs are most commonly White Male (23.9%), followed by Hispanic or Latino Male (14.8%) and Asian Male (10.6%). Students enrolled in full-time Graduate programs are most commonly White Female (9.15%), followed by White Male (8.44%) and Hispanic or Latino Female (2.19%).

Full-Time vs Part-Time Enrollment

76.7%
Full-Time Enrollment

The total enrollment at Illinois Institute of Technology in 2023, both undergraduate and graduate, is 8,563 students. The full-time enrollment at Illinois Institute of Technology is 6,571 and the part-time enrollment is 1,992. This means that 76.7% of students enrolled at Illinois Institute of Technology are enrolled full-time compared with 77.9% 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.

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Retention Rate over Time

87%
2023 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.

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2023)
  1. White
    1,849 enrolled students
  2. Hispanic or Latino
    922 enrolled students
  3. Asian
    666 enrolled students

The enrolled student population at Illinois Institute of Technology is 21.6% White, 10.8% Hispanic or Latino, 7.78% Asian, 3.5% Black or African American, 1.96% Two or More Races, 0.0584% American Indian or Alaska Native, and 0.0467% 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 46.5% White, 15.9% Hispanic or Latino, and 9.78% 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, 268 students (3.13%) did not report their race.

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Graduates

In 2023, 457 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 (598 degrees awarded). There were 2.74 times more white recipients than the next closest race/ethnicity group, asian (218 degrees).

The most common Masters Degree concentration at Illinois Institute of Technology is Computer Science (231 degrees awarded), followed by Information Technology (86 degrees) and Mechanical Engineering (71 degrees).

In 2023,  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 (157 degrees awarded), Legal (293 degrees), and Engineering (621 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 (1,066,701 people), Other managers (460,567 people), Miscellaneous engineers, including nuclear engineers (408,577 people), Civil engineers (310,629 people), and Mechanical engineers (222,855 people).

The most specialized majors at Illinois Institute of Technology in 2023 are Architecture and Related Services (157 degrees awarded), Legal (293 degrees), Engineering (621 degrees), Computer and Information Sciences and Support Services (549 degrees), and Physical Sciences (47 degrees) (as of 2023).

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Highest Paying Jobs by Major

Surgeons
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 Surgeons, Podiatrists, Magnetic resonance imaging technologists, Physicians, and Cardiovascular technologists and technicians

The most specialized majors at Illinois Institute of Technology are Architecture and Related Services (157 degrees awarded), Legal (293 degrees), Engineering (621 degrees), Computer and Information Sciences and Support Services (549 degrees), and Physical Sciences (47 degrees) (as of 2023).

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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 (1,073,269 people), uninformed (818,555 people), Architectural, engineering & related services (636,769 people), Colleges, universities & professional schools, including junior colleges (383,256 people), and Construction (379,373 people).

The most specialized majors at Illinois Institute of Technology are Architecture and Related Services (157 degrees awarded), Legal (293 degrees), Engineering (621 degrees), Computer and Information Sciences and Support Services (549 degrees), and Physical Sciences (47 degrees) (as of 2023).

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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 (2023)
  1. Computer Science
    231 degrees awarded
  2. Information Technology
    86 degrees awarded
  3. Mechanical Engineering
    71 degrees awarded

In 2023, the most common masters degree concentration at Illinois Institute of Technology was Computer Science with 231 degrees awarded.

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

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Sex Breakdown for Common Majors

1,299
Degrees Awarded to Men
in 2023
842
Degrees Awarded to Women
in 2023

In 2023, 1,299 degrees were awarded to men at Illinois Institute of Technology, which is 1.54 times more than the number of degrees awarded to females (842).

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

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Most Common Male Majors

In 2023, 255 degrees were awarded to men at Illinois Institute of Technology in Computer Science, which is 2.8 times more than the 91 female recipients with that same degree.

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Most Common Female Majors

In 2023, 118 degrees were awarded to men at Illinois Institute of Technology in Law, which is 1.22 times more than the 97 male recipients with that same degree.

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Time to Complete

37%
100% Completion Time
71%
150% Completion Time

In 2023, 37% 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, 71% completed their degrees within 150% of the normal time, and 73% 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.

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Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.
American Indian or Alaska Native Male
Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2023 at Illinois Institute of Technology is Male and American Indian or Alaska Native (100% graduation rate). Across all Doctoral Universities, Asian Female students have the highest graduation rate (74.3%).

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, 2.65% of graduates (9 students) did not report their race.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2023)
  1. White
    598 degrees awarded
  2. Asian
    218 degrees awarded
  3. Hispanic or Latino
    173 degrees awarded

The most common race/ethnicity at Illinois Institute of Technology is white (598 degrees awarded). There were 2.74 times more white recipients than the next closest race/ethnicity group, asian (218 degrees).

2.06% of degree recipients (44 students) did not report their race.

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Race & Ethnicity by Sex

Most Common Sex Demographic (2023)
  1. White Male
    356 degrees awarded
  2. White Female
    242 degrees awarded
  3. Asian Male
    133 degrees awarded

The most common race/ethnicity and sex grouping at Illinois Institute of Technology is white male (356 degrees awarded). There were 1.47 times more white male recipients than the next closest race/ethnicity group, white female (242 degrees).

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Operations

Illinois Institute of Technology has an endowment valued at nearly $255M, as of the end of the 2023 fiscal year. The return on its endowment was of −18.8M (−7.39%) compared to the 4.37% average return (19M on 434M) across all Doctoral Universities.

In 2023, Illinois Institute of Technology had a total salary expenditure of 303M. Illinois Institute of Technology employs 119 Professors, 85 Instructors and 73 Associate professors. Most academics at Illinois Institute of Technology are Male Professor (95), Male Instructor (56), and Male Associate professor (52).

The most common positions for non-instructional staff at Illinois Institute of Technology are: Management, with 179 employees, Business and Financial Operations, with 142 employees, and Office and Administrative Support with 142 employees.

Endowment

$255M
2023 Endowment
11.8%
decline from 2022

Illinois Institute of Technology has an endowment valued at about $255M, as of the end of the 2023 fiscal year. The endowment of Illinois Institute of Technology declined 11.8% from the previous year. The value of their endowment was $179M 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.

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Government Grants and Contracts

Grants & Contracts
  1. $51M - Federal
  2. $851k - State
  3. $809k - Local

As of 2023, Illinois Institute of Technology received $51M in grants and contracts from the federal government, $851k from state grants and contracts, and $809k from local grants and contracts.

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Salary Expenditure

$130M
2023 Salaries
3.82%
growth from 2022

In 2023, Illinois Institute of Technology paid a median of $130M in salaries, which represents 43% of their overall expenditure ($303M) and a 3.82% growth from the previous year. This is compared to a 6.51% growth between 2021 and 2022, and a 3.89% decline between 2020 and 2021.

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Instructional Salaries

$47.2M
Instructional Salaries
358
Number of Employees

In 2023, Illinois Institute of Technology paid a total of $47.2M to 358 employees working as instructors, which represents 36.2% of all salaries paid.

This is compared to a median of $6.13M (2.35%) for similar Doctoral Universities.

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Occupations by Share

Professor
Most Common Instructor
119 Employees
Management
Most Common Non-Instructional Employee
179 Employees

In 2023, the most common positions for instructional staff at Illinois Institute of Technology were Professor with 119 employees, Instructor with 85 employees, and Associate professor with 73 employees.

In 2023, the most common positions for non-instructional staff at Illinois Institute of Technology were Management with 179 employees, Business and Financial Operations with 142 employees, and Office and Administrative Support with 142 employees.

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Instructors by Academic Rank and Sex

Most Common Demographic (2023)
  1. Male Professor
  2. Male Instructor
  3. Male Associate professor

In 2023, the most common demographic for instructional staff at Illinois Institute of Technology was Male Professor with 95 employees, Male Instructor with 56 employees, and Male Associate professor with 52 employees.

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

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