Illinois Institute of Technology

web.iit.edu/

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2019 Undergraduate Tuition

$47,299

3.39% growth from 2018

2019 Average Net Price

$26,708

After Financial Aid

2017 Student Loan

2.93%

Default Rate

2019 Acceptance Rate

60.2%

5,049 Applicants

2019 Enrolled Students

6,515

86.2% Full-Time

2018 Graduation Rate

72.5%

292 Graduates

About

Illinois Institute of Technology is a higher education institution located in Cook County, IL. In 2016, the most popular Bachelor's Degree concentrations at Illinois Institute of Technology were Mechanical Engineering (82 degrees awarded), Computer Science (68 degrees), and Information Technology (58 degrees).

In 2019, 2,370 degrees were awarded across all undergraduate and graduate programs at Illinois Institute of Technology. 37.3% of these degrees were awarded to women, and 62.7% awarded men. The most common race/ethnicity group of degree recipients was white (519 degrees), 3.04 times more than then the next closest race/ethnicity group, asian (171 degrees).

The median undergraduate tuition at Illinois Institute of Technology is $47,299, which is $18,799 more than the national average for Doctoral Universities ($28,500).

Doctoral Universities: Higher Research Activity Doctoral Universities

Costs

The median undergraduate tuition at Illinois Institute of Technology is $47,299, which is $18,799 more than the national average for Doctoral Universities ($28,500).

After taking grants and loans into account, the average net price for students is $26,708.

In 2019, 93% of undergraduate students received federal grants, while 43% of undergraduate students received federal loans.

Student Expenses

Tuition Costs

$47,299

2019 Undergraduate Tuition

In 2019, the cost of tuition at Illinois Institute of Technology was $47,299. The cost of tuition at Illinois Institute of Technology is $18,799 more than than the overall (public and private) national average for Doctoral Universities ($28,500).

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

Average Net Price

$26,708

2019 Value

3.46%

1 Year Growth

In 2019 Illinois Institute of Technology had an average net price — the price paid after factoring in grants and loans — of $26,708. Between 2018 and 2019, the average net price of Illinois Institute of Technology grew by 3.46%.

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

$11,996

Room and Board

$1,250

Books and Supplies

The average yearly cost of room and board at Illinois Institute of Technology was of $11,996 in 2019. During the same period, the average yearly cost of books and supplies was $1,250. The cost of room and board increased by 5.97% between 2018 and 2019. 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

Financial Aid by Income Level

93%

Of Undergraduates Receive Grants

43%

Of Undergraduates Receive Federal Loans

93% of undergraduate students at Illinois Institute of Technology received grants or loans in 2019. This represents a decline of 5.1% with respect to 2018, when 98% 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.

2.93%

2017 Default Rate

Number of Defaults

In 2017 the default rate for borrower's at Illinois Institute of Technology was 2.93%, which represents 27 out of the 922 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 5,049 undergraduate applications in 2019, which represents a 1.86% annual growth. Out of those 5,049 applicants, 3,041 students were accepted for enrollment, representing a 60.2% acceptance rate.

There were 6,515 students enrolled at Illinois Institute of Technology in 2019, and 78% of first-time enrollees submitted SAT scores with their applications.

Illinois Institute of Technology has an overall enrollment yield of 19.2%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

60.2%

Acceptance Rate in 2019

3,041

Accepted Out of 5,049

In 2019, the undergraduate acceptance rate of Illinois Institute of Technology was 60.2% (3,041 admissions from 5,049 applications). This is higher than the acceptance rate of 2018, which was 58.2%. Between 2018 and 2019, the number of applicants grew by 1.86%, while admissions grew by 5.44%.

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

SAT Scores

78%

Submission Percentage

455

Scores Submitted

78% of enrolled first-time students at Illinois Institute of Technology in 2019 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 6,515 students. The full-time enrollment at Illinois Institute of Technology is 5,616 students and the part-time enrollment is 899. This means that 86.2% 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 31.3% White, 10.7% Hispanic or Latino, 9.88% Asian, 4.02% Black or African American, 2.19% Two or More Races, 0.0921% American Indian or Alaska Native, and 0.046% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Illinois Institute of Technology in full-time Undergraduate programs are most commonly White Male (26.5%), followed by Hispanic or Latino Male (11.9%) and White Female (11%). Students enrolled in full-time Graduate programs are most commonly White Male (11.5%), followed by White Female (10.2%) and Asian Female (2.34%).

Full-Time vs Part-Time Enrollment

86.2%

Full-Time Enrollment

The total enrollment at Illinois Institute of Technology, both undergraduate and graduate, is 6,515 students. The full-time enrollment at Illinois Institute of Technology is 5,616 and the part-time enrollment is 899. This means that 86.2% of students enrolled at Illinois Institute of Technology are enrolled full-time compared with 77.6% 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

88%

2019 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 88%. Compared with the full-time retention rate at similar Doctoral Universities (83%), 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
2,039
Hispanic or Latino
695
Asian
644

The enrolled student population at Illinois Institute of Technology is 31.3% White, 10.7% Hispanic or Latino, 9.88% Asian, 4.02% Black or African American, 2.19% Two or More Races, 0.0921% American Indian or Alaska Native, and 0.046% 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 50.3% White, 14.3% Hispanic or Latino, and 9.48% 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, 262 students (4.02%) did not report their race.

Graduates

In 2019, 604 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 (519 degrees awarded). There were 3.04 times more white graduates than the next closest race/ethnicity group, asian (171 degrees).

The most common Bachelor's Degree concentration at Illinois Institute of Technology is Mechanical Engineering (82 degrees awarded), followed by Computer Science (68 degrees) and Information Technology (58 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 (327 degrees), and Engineering (737 degrees).

Workforce

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 (939,543 people), Other managers (400,045 people), Miscellaneous engineers, including nuclear engineers (364,963 people), Civil engineers (279,868 people), and Mechanical engineers (216,044 people).

The most specialized majors at Illinois Institute of Technology are Architecture and Related Services (102 degrees awarded), Legal (327 degrees), Engineering (737 degrees), Computer and Information Sciences and Support Services (553 degrees), and Engineering Technologies (92 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, Securities, commodities, & financial services sales agents, Physicians, Lawyers, & judges, magistrates, & other judicial workers, and Cardiovascular technologists and technicians

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 (954,768 people), Architectural, engineering & related services (579,792 people), Construction (346,560 people), Colleges, universities & professional schools, including junior colleges (244,112 people), and Management, scientific & technical consulting services (185,128 people).

Degrees

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
82 degree-majorss awarded
Computer Science
68 degree-majorss awarded
Information Technology
58 degree-majorss awarded

In 2019, the most common bachelors degree concentration at Illinois Institute of Technology was Mechanical Engineering with 82 degrees awarded.

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

Gender Breakdown for Common Majors

1,487

Degrees Awarded to Men

in 2019

883

Degrees Awarded to Women

in 2019

In 2019, 1,487 degrees were awarded to men at Illinois Institute of Technology, which is 1.68 times more than the number of degrees awarded to females (883).

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

Most Common Male Majors

In 2019, 228 degrees were awarded to men at Illinois Institute of Technology in Computer Science, which is 2.43 times more than the 94 female recipients with that same degree.

Most Common Female Majors

In 2019, 120 degrees were awarded to women at Illinois Institute of Technology in Law, which is 1.1 times more than the 109 male recipients with that same degree.

Time to Complete

32%

100% Completion Time

72%

150% Completion Time

In 2019, 32% 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.

Diversity

Graduation Rate by Race and Gender

Showing demographic groups with ≥ 5 graduating students.

Two or More Races Female

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate at Illinois Institute of Technology is Female and Two or More Races (100% graduation rate). Across all Doctoral Universities, Asian Female students have the highest graduation rate (69.1%).

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, 1.03% of graduates (3 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity

White
519 degrees awarded
Asian
171 degrees awarded
Hispanic or Latino
161 degrees awarded

The most common race/ethnicity at Illinois Institute of Technology is white (519 degrees awarded). There were 3.04 times more white recipients than the next closest race/ethnicity group, asian (171 degrees).

2.36% of degree recipients (56 students) did not report their race.

Race & Ethnicity by Gender

Most Common Gender Demographic

White Male
316 degrees awarded
White Female
203 degrees awarded
Asian Male
114 degrees awarded

The most common race/ethnicity and gender grouping at Illinois Institute of Technology is white male (316 degrees awarded). There were 1.56 times more white male recipients than the next closest race/ethnicity group, white female (203 degrees).

Operations

Illinois Institute of Technology has an endowment valued at nearly $241M, as of the end of the 2019 fiscal year. The return on its endowment was of $1.51M (0.628%), compared to the 4.24% average return ($13.2M on $311M) across all Doctoral Universities.

In 2019, Illinois Institute of Technology had a total salary expenditure of $271M. Illinois Institute of Technology employs 137 Professors, 93 Associate professors, and 67 Assistant professors. Most academics at Illinois Institute of Technology are Male Professors (109), Male Associate professors(74), and Male No academic ranks (41).

The most common positions for non-instructional staff at Illinois Institute of Technology are: Management, with 172 employees, Office and Administrative Support, with 120 employees, and Business and Financial Operations with 101 employees.

Finances

Endowment

$241M

2019 Endowment

3.22%

decline from 2018

Illinois Institute of Technology has an endowment valued at about $241M, as of the end of the 2019 fiscal year. The endowment of Illinois Institute of Technology declined 3.22% from the previous year. The value of their endowment was $70.5M 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

$49.3M - Federal
$1.11M - State
$459k - Local

As of 2019, Illinois Institute of Technology received $49.3M in grants and contracts from the federal government, $1.11M from state grants and contracts, and $459k from local grants and contracts.

Expenses

Salary Expenditure

$125M

2019 Salaries

4.97%

growth from 2018

In 2019, Illinois Institute of Technology paid a median of $125M in salaries, which represents 46% of their overall expenditure ($271M) and a 4.97% growth from the previous year. This is compared to a 1.64% decline from 2017 and a 5.88% decline from 2016.

The median for similar Doctoral Universities is 234M (42.4% of overall expenditures).

Instructional Salaries

$49M

Instructional Salaries

402

Number of Employees

In 2019, Illinois Institute of Technology paid a total of $49M to 402 employees working as instructors, which represents 39.3% of all salaries paid.

This is compared to a median of $71.1M (30.3%) for similar Doctoral Universities.

Faculty and Staff

Occupations by Share

Professor

Most Common Instructor

137 Employees

Management

Most Common Non-Instructional Employee

172 Employees

In 2019, the most common positions for instructional staff at Illinois Institute of Technology were Professor with 137 employees; Associate professor with 93 employees; and Associate professor with 67 employees.

In 2019, the most common positions for non-instructional staff at Illinois Institute of Technology were Management with 172 employees; Office and Administrative Support with 120 employees; and Business and Financial Operations with 101 employees.

Instructors by Academic Rank and Gender

Most Common Demographic

Male Professor
Male Associate professor
Male No academic rank

In 2019, the most common demographic for instructional staff at Illinois Institute of Technology was Male Professor with 109 employees, Male Associate professor with 74 employees, and Male No academic rank with 41 employees.

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

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