Illinois Institute of Technology

https://www.iit.edu

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2024 Undergraduate Tuition

$50,636

2.07% growth from 2023

2024 Average Net Price

$24,796

After Financial Aid

2024 Acceptance Rate

54.9%

12,216 Applicants

2024 Enrolled Students

8,834

73.7% Full-Time

2024 Graduation Rate

75.2%

455 Graduates

About

Illinois Institute of Technology is a higher education institution located in Cook County, IL. In 2024, the most popular Masters Degree concentrations at Illinois Institute of Technology were Computer Science (383 degrees awarded), Information Technology (121 degrees), and Architectural & Building Sciences & Technology (83 degrees).

In 2024, 2,396 degrees were awarded across all undergraduate and graduate programs at Illinois Institute of Technology. 35.9% of these degrees were awarded to women, and 64.1% awarded men. The most common race/ethnicity group of degree recipients was white (565 degrees), 3.1 times more than then the next closest race/ethnicity group, asian (182 degrees).

The median undergraduate tuition at Illinois Institute of Technology is $50,636, which is $18,716 more than the national average for Doctoral Universities ($31,920).

Doctoral Universities: Higher Research Activity Doctoral Universities

Costs

In 2024, the median undergraduate tuition at Illinois Institute of Technology is $50,636, which is $18,716 more than the national average for Doctoral Universities ($31,920).

After taking grants and loans into account, the average net price for students is $24,796.

In 2024, 83% of undergraduate students attending Illinois Institute of Technology received financial aid through grants. Comparatively, 29% of undergraduate students received financial aid through loans.

Tuition Costs

$50,636

2024 Undergraduate Tuition

In 2024, the cost of tuition at Illinois Institute of Technology was $50,636. The cost of tuition at Illinois Institute of Technology is $18,716 more than than the overall (public and private) national average for Doctoral Universities ($31,920).

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

Average Net Price

$24,796

2024 Value

0.82%

1 Year Growth

In 2024 Illinois Institute of Technology had an average net price — the price paid after factoring in grants and loans — of $24,796. Between 2023 and 2024, the average net price of Illinois Institute of Technology grew by 0.82%.

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

$15,914

Room and Board

$1,200

Books and Supplies

The average yearly cost of room and board at Illinois Institute of Technology was of $15,914 in 2024. The cost of room and board increased by 12.1% between 2023 and 2024.

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.

Financial Aid by Income Level

83%

Undergraduates Receiving Financial Aid through Grants

29%

Undergraduates Receiving Financial Aid through Loans

83% of undergraduate students at Illinois Institute of Technology received financial aid through grants or loans in 2024. This represents a decline of 7.78% with respect to 2023, when 90% 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.

Admissions

Illinois Institute of Technology received 12,216 undergraduate applications in 2024, which represents a 37.1% annual growth. Out of those 12,216 applicants, 6,710 students were accepted for enrollment, representing a 54.9% acceptance rate.

There were 8,834 students enrolled at Illinois Institute of Technology in 2024. 30% of first-time enrollees submitted SAT scores with their applications.

Illinois Institute of Technology has an overall enrollment yield of 7.73%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

54.9%

Acceptance Rate in 2024

6,710

Accepted Out of 12,216

In 2024, the undergraduate acceptance rate of Illinois Institute of Technology was 54.9% (6,710 admissions from 12,216 applications). This is lower than the acceptance rate of 2023, which was 55.4%. Between 2023 and 2024, the number of applicants grew by 37.1%, while admissions grew by 35.9%.

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

30%

Submission Percentage (2024)

158

Scores Submitted (2024)

30% of enrolled first-time students at Illinois Institute of Technology in 2024 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.

Enrollment

Illinois Institute of Technology had a total enrollment of 8,834 students in 2024. The full-time enrollment at Illinois Institute of Technology is 6,507 students and the part-time enrollment is 2,327. This means that 73.7% 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 18.8% White, 10.7% Hispanic or Latino, 6.84% Asian, 3.06% Black or African American, 1.62% Two or More Races, 0.0679% American Indian or Alaska Native, and 0.034% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Illinois Institute of Technology in full-time Undergraduate programs are most commonly White Male (22.1%), followed by Hispanic or Latino Male (16.6%) and Asian Male (10.2%). Students enrolled in full-time Graduate programs are most commonly White Female (7.85%), followed by White Male (7.09%) and Hispanic or Latino Female (1.69%).

Full-Time vs Part-Time Enrollment

73.7%

Full-Time Enrollment

The total enrollment at Illinois Institute of Technology in 2024, both undergraduate and graduate, is 8,834 students. The full-time enrollment at Illinois Institute of Technology is 6,507 and the part-time enrollment is 2,327. This means that 73.7% of students enrolled at Illinois Institute of Technology are enrolled full-time compared with 77.3% 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

86%

2024 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 86%. Compared with the full-time retention rate at similar Doctoral Universities (82%), 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 (2024)

White
1,665 enrolled students
Hispanic or Latino
942 enrolled students
Asian
604 enrolled students

The enrolled student population at Illinois Institute of Technology is 18.8% White, 10.7% Hispanic or Latino, 6.84% Asian, 3.06% Black or African American, 1.62% Two or More Races, 0.0679% American Indian or Alaska Native, and 0.034% 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 46.2% White, 16.3% Hispanic or Latino, and 10.4% 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, 579 students (6.55%) did not report their race.

Graduates

In 2024, 676 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 (565 degrees awarded). There were 3.1 times more white recipients than the next closest race/ethnicity group, asian (182 degrees).

The most common Masters Degree concentration at Illinois Institute of Technology is Computer Science (383 degrees awarded), followed by Information Technology (121 degrees) and Architectural & Building Sciences & Technology (83 degrees).

In 2024, 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 (173 degrees awarded), Legal (336 degrees), and Engineering (589 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 (1,110,266 people), Other managers (455,529 people), Miscellaneous engineers, including nuclear engineers (401,575 people), Civil engineers (321,428 people), and Mechanical engineers (224,895 people).

The most specialized majors at Illinois Institute of Technology in 2024 are Architecture and Related Services (173 degrees awarded), Legal (336 degrees), Engineering (589 degrees), Computer and Information Sciences and Support Services (773 degrees), and Interdisciplinary Studies (122 degrees) (as of 2024).

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, Cardiovascular technologists and technicians, Securities, commodities, & financial services sales agents, and Physicians

The most specialized majors at Illinois Institute of Technology are Architecture and Related Services (173 degrees awarded), Legal (336 degrees), Engineering (589 degrees), Computer and Information Sciences and Support Services (773 degrees), and Interdisciplinary Studies (122 degrees) (as of 2024).

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 (1,106,231 people), Architectural, engineering & related services (634,043 people), Construction (396,742 people), Colleges, universities & professional schools, including junior colleges (308,490 people), and Elementary & secondary schools (266,328 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 (2024)

Computer Science
115 degrees awarded
Architectural & Building Sciences & Technology
88 degrees awarded
Mechanical Engineering
61 degrees awarded

In 2024, the most common bachelors degree concentration at Illinois Institute of Technology was Computer Science with 115 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

1,536

Degrees Awarded to Men

in 2024

860

Degrees Awarded to Women

in 2024

In 2024, 1,536 degrees were awarded to men at Illinois Institute of Technology, which is 1.79 times more than the number of degrees awarded to females (860).

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

Most Common Male Majors

In 2024, 373 degrees were awarded to men at Illinois Institute of Technology in Computer Science, which is 2.85 times more than the 131 female recipients with that same degree.

Most Common Female Majors

In 2024, 134 degrees were awarded to men at Illinois Institute of Technology in Law, which is 1.29 times more than the 104 male recipients with that same degree.

Time to Complete

38%

100% Completion Time

75%

150% Completion Time

In 2024, 38% 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, 75% completed their degrees within 150% of the normal time, and 77% 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.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2024)

White
565 degrees awarded
Asian
182 degrees awarded
Hispanic or Latino
177 degrees awarded

The most common race/ethnicity at Illinois Institute of Technology is white (565 degrees awarded). There were 3.1 times more white recipients than the next closest race/ethnicity group, asian (182 degrees).

1.67% of degree recipients (40 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2024)

White Male
455 degrees awarded
White Male
451 degrees awarded
White Male
404 degrees awarded

The most common race/ethnicity and sex grouping at Illinois Institute of Technology is white male (455 degrees awarded). There were 1.01 times more white male recipients than the next closest race/ethnicity group, white male (451 degrees).

Operations

Illinois Institute of Technology has an endowment valued at nearly $264M, as of the end of the 2024 fiscal year. The return on its endowment was of 6.52M (2.47%) compared to the 9.4% average return (23.7M on 252M) across all Doctoral Universities.

In 2024, Illinois Institute of Technology had a total salary expenditure of 312M. Illinois Institute of Technology employs 107 Professors, 74 Lecturers and 58 Associate professors. Most academics at Illinois Institute of Technology are Male Professor (82), Male Lecturer (43), and Male Associate professor (40).

The most common positions for non-instructional staff at Illinois Institute of Technology are: Management, with 172 employees, Business and Financial Operations, with 155 employees, and Office and Administrative Support with 109 employees.

Endowment

$264M

2024 Endowment

3.48%

growth from 2023

Illinois Institute of Technology has an endowment valued at about $264M, as of the end of the 2024 fiscal year. The endowment of Illinois Institute of Technology grew 3.48% from the previous year. The value of their endowment was $11.7M higher 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

$56.9M - Federal
$1.65M - State
$1.11M - Local

As of 2024, Illinois Institute of Technology received $56.9M in grants and contracts from the federal government, $1.65M from state grants and contracts, and $1.11M from local grants and contracts.

Salary Expenditure

$135M

2024 Salaries

3.46%

growth from 2023

In 2024, Illinois Institute of Technology paid a median of $135M in salaries, which represents 43.1% of their overall expenditure ($312M) and a 3.46% growth from the previous year. This is compared to a 3.82% growth between 2022 and 2023, and a 6.51% growth between 2021 and 2022.

Instructional Salaries

$42.3M

Instructional Salaries

346

Number of Employees

In 2024, Illinois Institute of Technology paid a total of $42.3M to 346 employees working as instructors, which represents 31.4% of all salaries paid.

This is compared to a median of $4.1M (2.29%) for similar Doctoral Universities.

Occupations by Share

In 2024, the most common positions for non-instructional staff at Illinois Institute of Technology were Management with 172 employees, Business and Financial Operations with 155 employees, and Office and Administrative Support with 109 employees.

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