Illinois Institute of Technology

web.iit.edu/

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2020 Undergraduate Tuition

$48,610

2.77% growth from 2019

2020 Average Net Price

$28,161

After Financial Aid

2018 Student Loan

1.99%

Default Rate

2020 Acceptance Rate

60.7%

5,033 Applicants

2020 Enrolled Students

6,325

80.3% Full-Time

2020 Graduation Rate

71.8%

313 Graduates

About

Illinois Institute of Technology is a higher education institution located in Cook County, IL. In 2020, the most popular Bachelor's Degree concentrations at Illinois Institute of Technology were Mechanical Engineering (91 degrees awarded), Computer Science (71 degrees), and Architectural & Building Sciences & Technology (62 degrees).

In 2020, 2,108 degrees were awarded across all undergraduate and graduate programs at Illinois Institute of Technology. 37.6% of these degrees were awarded to women, and 62.4% awarded men. The most common race/ethnicity group of degree recipients was white (549 degrees), 3.43 times more than then the next closest race/ethnicity group, hispanic or latino (160 degrees).

The median undergraduate tuition at Illinois Institute of Technology is $48,610, which is $20,047 more than the national average for Doctoral Universities ($28,563).

Costs

The median undergraduate tuition at Illinois Institute of Technology is $48,610, which is $20,047 more than the national average for Doctoral Universities ($28,563).

After taking grants and loans into account, the average net price for students is $28,161.

In 2020, 95% 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

$48,610

2020 Undergraduate Tuition

In 2020, the cost of tuition at Illinois Institute of Technology was $48,610. The cost of tuition at Illinois Institute of Technology is $20,047 more than than the overall (public and private) national average for Doctoral Universities ($28,563).

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

Average Net Price

$28,161

2020 Value

5.44%

1 Year Growth

In 2020 Illinois Institute of Technology had an average net price — the price paid after factoring in grants and loans — of $28,161. Between 2019 and 2020, the average net price of Illinois Institute of Technology grew by 5.44%.

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

$12,191

Room and Board

$1,250

Books and Supplies

The average yearly cost of room and board at Illinois Institute of Technology was of $12,191 in 2020. During the same period, the average yearly cost of books and supplies was $1,250. The cost of room and board increased by 1.63% between 2019 and 2020. 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.

Financial Aid by Income Level

95%

Undergraduates Receiving Financial Aid through Grants

41%

Undergraduates Receiving Financial Aid through Loans

95% of undergraduate students at Illinois Institute of Technology received financial aid through grants or loans in 2020. This represents a growth of 2.15% with respect to 2019, when 93% 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.

1.99%

2018 Default Rate

Number of Defaults

In 2018 the default rate for borrower's at Illinois Institute of Technology was 1.99%, which represents 16 out of the 806 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 5,033 undergraduate applications in 2020, which represents a 0.317% annual decline. Out of those 5,033 applicants, 3,053 students were accepted for enrollment, representing a 60.7% acceptance rate.

There were 6,325 students enrolled at Illinois Institute of Technology in 2020, and 71% of first-time enrollees submitted SAT scores with their applications.

Illinois Institute of Technology has an overall enrollment yield of 17%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

60.7%

Acceptance Rate in 2020

3,053

Accepted Out of 5,033

In 2020, the undergraduate acceptance rate of Illinois Institute of Technology was 60.7% (3,053 admissions from 5,033 applications). This is higher than the acceptance rate of 2019, which was 60.2%. Between 2019 and 2020, the number of applicants declined by −0.317%, while admissions grew by 0.395%.

This chart compares the acceptance rate of Illinois Institute of Technology (in red) with that of other similar universities.

SAT Scores

71%

Submission Percentage

364

Scores Submitted

71% of enrolled first-time students at Illinois Institute of Technology in 2020 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 has a total enrollment of 6,325 students. The full-time enrollment at Illinois Institute of Technology is 5,076 students and the part-time enrollment is 1,249. This means that 80.3% 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 32.9% White, 12% Hispanic or Latino, 11.1% Asian, 4.35% Black or African American, 2.4% Two or More Races, 0.0632% Native Hawaiian or Other Pacific Islanders, and 0.0632% American Indian or Alaska Native.

Students enrolled at Illinois Institute of Technology in full-time Undergraduate programs are most commonly White Male (27.1%), followed by Hispanic or Latino Male (12.5%) and White Female (11.3%). Students enrolled in full-time Graduate programs are most commonly White Male (14.2%), followed by White Female (13.1%) and Hispanic or Latino Female (3.14%).

Full-Time vs Part-Time Enrollment

80.3%

Full-Time Enrollment

The total enrollment at Illinois Institute of Technology, both undergraduate and graduate, is 6,325 students. The full-time enrollment at Illinois Institute of Technology is 5,076 and the part-time enrollment is 1,249. This means that 80.3% of students enrolled at Illinois Institute of Technology are enrolled full-time compared with 76.5% 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%

2020 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 (85%), 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

White
2,078
Hispanic or Latino
759
Asian
700

The enrolled student population at Illinois Institute of Technology is 32.9% White, 12% Hispanic or Latino, 11.1% Asian, 4.35% Black or African American, 2.4% Two or More Races, 0.0632% Native Hawaiian or Other Pacific Islanders, and 0.0632% American Indian or Alaska Native. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Doctoral Universities is 50% White, 15% Hispanic or Latino, and 9.69% 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, 207 students (3.27%) did not report their race.

Graduates

In 2020, 522 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 (549 degrees awarded). There were 3.43 times more white graduates than the next closest race/ethnicity group, hispanic or latino (160 degrees).

The most common Bachelor's Degree concentration at Illinois Institute of Technology is Mechanical Engineering (91 degrees awarded), followed by Computer Science (71 degrees) and Architectural & Building Sciences & Technology (62 degrees).

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 (102 degrees awarded), Legal (332 degrees), and Engineering (662 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 (810,443 people), Other managers (443,302 people), Miscellaneous engineers, including nuclear engineers (356,846 people), Civil engineers (259,158 people), and Mechanical engineers (188,324 people).

The most specialized majors at Illinois Institute of Technology are Architecture and Related Services (102 degrees awarded), Legal (332 degrees), Engineering (662 degrees), Computer and Information Sciences and Support Services (473 degrees), and Physical Sciences (53 degrees).

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, Magnetic resonance imaging technologists, Physicians, Derrick, rotary drill, & service unit operators, & roustabouts, oil, gas, & mining, and Dentists

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 (906,310 people), Architectural, engineering & related services (586,625 people), Colleges, universities & professional schools, including junior colleges (357,938 people), Construction (321,784 people), and Management, scientific & technical consulting services (203,716 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

Mechanical Engineering
91 degree-majorss awarded
Computer Science
71 degree-majorss awarded
Architectural & Building Sciences & Technology
62 degree-majorss awarded

In 2020, the most common bachelors degree concentration at Illinois Institute of Technology was Mechanical Engineering with 91 degrees awarded.

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

Sex Breakdown for Common Majors

1,315

Degrees Awarded to Men

in 2020

793

Degrees Awarded to Women

in 2020

In 2020, 1,315 degrees were awarded to men at Illinois Institute of Technology, which is 1.66 times more than the number of degrees awarded to females (793).

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

Most Common Male Majors

In 2020, 200 degrees were awarded to men at Illinois Institute of Technology in Computer Science, which is 3.17 times more than the 63 female recipients with that same degree.

Most Common Female Majors

In 2020, 111 degrees were awarded to women at Illinois Institute of Technology in Law, which is 0.991 times less than the 112 male recipients with that same degree.

Time to Complete

37%

100% Completion Time

72%

150% Completion Time

In 2020, 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, 72% 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.

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.

Asian Female

Highest Graduation Rate (88.2%)

The student demographic with the highest graduation rate at Illinois Institute of Technology is Female and Asian (88.2% graduation rate). Across all Doctoral Universities, Asian Female students have the highest graduation rate (72.4%).

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, 0.639% of graduates (2 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity

White
549 degrees awarded
Hispanic or Latino
160 degrees awarded
Asian
159 degrees awarded

The most common race/ethnicity at Illinois Institute of Technology is white (549 degrees awarded). There were 3.43 times more white recipients than the next closest race/ethnicity group, hispanic or latino (160 degrees).

1.9% of degree recipients (40 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic

White Male
353 degrees awarded
White Female
196 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 (353 degrees awarded). There were 1.8 times more white male recipients than the next closest race/ethnicity group, white female (196 degrees).

Operations

Illinois Institute of Technology has an endowment valued at nearly $254M, as of the end of the 2020 fiscal year. The return on its endowment was of $6.19M (2.44%), compared to the 3.43% average return ($10.5M on $307M) across all Doctoral Universities.

In 2020, Illinois Institute of Technology had a total salary expenditure of $268M. Illinois Institute of Technology employs 151 Professors, 100 Associate professors, and 67 Assistant professors. Most academics at Illinois Institute of Technology are Male Professors (121), Male Associate professors(70), and Male Assistant professors (44).

The most common positions for non-instructional staff at Illinois Institute of Technology are: Management, with 161 employees, Office and Administrative Support, with 120 employees, and Business and Financial Operations with 103 employees.

Endowment

$254M

2020 Endowment

5.61%

growth from 2019

Illinois Institute of Technology has an endowment valued at about $254M, as of the end of the 2020 fiscal year. The endowment of Illinois Institute of Technology grew 5.61% from the previous year. The value of their endowment was $52.5M 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

$51.6M - Federal
$99k - State
$629k - Local

As of 2020, Illinois Institute of Technology received $51.6M in grants and contracts from the federal government, $99k from state grants and contracts, and $629k from local grants and contracts.

Salary Expenditure

$123M

2020 Salaries

1.76%

decline from 2019

In 2020, Illinois Institute of Technology paid a median of $123M in salaries, which represents 45.7% of their overall expenditure ($268M) and a 1.76% decline from the previous year. This is compared to a 4.97% growth from 2018 and a 1.64% decline from 2017.

The median for similar Doctoral Universities is 238M (42.6% of overall expenditures).

Instructional Salaries

$47.4M

Instructional Salaries

387

Number of Employees

In 2020, Illinois Institute of Technology paid a total of $47.4M to 387 employees working as instructors, which represents 38.6% of all salaries paid.

This is compared to a median of $70.3M (29.6%) for similar Doctoral Universities.

Occupations by Share

Professor

Most Common Instructor

151 Employees

Management

Most Common Non-Instructional Employee

161 Employees

In 2020, the most common positions for instructional staff at Illinois Institute of Technology were Professor with 151 employees; Associate professor with 100 employees; and Associate professor with 67 employees.

In 2020, the most common positions for non-instructional staff at Illinois Institute of Technology were Management with 161 employees; Office and Administrative Support with 120 employees; and Business and Financial Operations with 103 employees.

Instructors by Academic Rank and Sex

Most Common Demographic

Male Professor
Male Associate professor
Male Assistant professor

In 2020, the most common demographic for instructional staff at Illinois Institute of Technology was Male Professor with 121 employees, Male Associate professor with 70 employees, and Male Assistant professor with 44 employees.

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