Illinois Institute of Technology

web.iit.edu

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2022 Undergraduate Tuition

$48,659

0.214% growth from 2021

2022 Average Net Price

$28,702

After Financial Aid

2020 Default Rate

on Student Loans

2022 Acceptance Rate

61.4%

7,243 Applicants

2022 Enrolled Students

6,943

78.3% Full-Time

2022 Graduation Rate

75%

375 Graduates

About

Illinois Institute of Technology is a higher education institution located in Cook County, IL. In 2022, the most popular Professional Doctorate concentrations at Illinois Institute of Technology were Law (233 degrees awarded).

In 2022, 1,862 degrees were awarded across all undergraduate and graduate programs at Illinois Institute of Technology. 41% of these degrees were awarded to women, and 59% awarded men. The most common race/ethnicity group of degree recipients was white (554 degrees), 2.55 times more than then the next closest race/ethnicity group, asian (217 degrees).

The median undergraduate tuition at Illinois Institute of Technology is $48,659, which is $18,509 more than the national average for Doctoral Universities ($30,150).

In 2020 the default rate for borrower's at Illinois Institute of Technology was 0%, corresponding to 0 out of the 786 total borrowers.

Doctoral Universities: Higher Research Activity Doctoral Universities

Costs

In 2022, the median undergraduate tuition at Illinois Institute of Technology is $48,659, which is $18,509 more than the national average for Doctoral Universities ($30,150).

After taking grants and loans into account, the average net price for students is $28,702.

In 2022, 96% of undergraduate students attending Illinois Institute of Technology received financial aid through grants. Comparatively, 36% of undergraduate students received financial aid through loans.

Tuition Costs

$48,659

2022 Undergraduate Tuition

In 2022, the cost of tuition at Illinois Institute of Technology was $48,659. The cost of tuition at Illinois Institute of Technology is $18,509 more than than the overall (public and private) national average for Doctoral Universities ($30,150).

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

Average Net Price

$28,702

2022 Value

7.14%

1 Year Growth

In 2022 Illinois Institute of Technology had an average net price — the price paid after factoring in grants and loans — of $28,702. Between 2021 and 2022, the average net price of Illinois Institute of Technology grew by 7.14%.

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

$14,085

Room and Board

$1,200

Books and Supplies

The average yearly cost of room and board at Illinois Institute of Technology was of $14,085 in 2022. The cost of room and board increased by 7.82% between 2021 and 2022.

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

96%

Undergraduates Receiving Financial Aid through Grants

36%

Undergraduates Receiving Financial Aid through Loans

96% of undergraduate students at Illinois Institute of Technology received financial aid through grants or loans in 2022. This represents a growth of 3.23% with respect to 2021, 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.

2020 Default Rate

Number of Defaults

In 2020 the default rate for borrower's at Illinois Institute of Technology was 0%, which represents 0 out of the 786 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 7,243 undergraduate applications in 2022, which represents a 11.1% annual growth. Out of those 7,243 applicants, 4,450 students were accepted for enrollment, representing a 61.4% acceptance rate.

There were 6,943 students enrolled at Illinois Institute of Technology in 2022. 42% of first-time enrollees submitted SAT scores with their applications.

Illinois Institute of Technology has an overall enrollment yield of 13.9%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

61.4%

Acceptance Rate in 2022

4,450

Accepted Out of 7,243

In 2022, the undergraduate acceptance rate of Illinois Institute of Technology was 61.4% (4,450 admissions from 7,243 applications). This is lower than the acceptance rate of 2021, which was 66.1%. Between 2021 and 2022, the number of applicants grew by 11.1%, while admissions grew by 3.22%.

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

42%

Submission Percentage (2022)

255

Scores Submitted (2022)

42% of enrolled first-time students at Illinois Institute of Technology in 2022 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 6,943 students in 2022. The full-time enrollment at Illinois Institute of Technology is 5,433 students and the part-time enrollment is 1,510. This means that 78.3% 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 27.2% White, 11.5% Hispanic or Latino, 9.55% Asian, 3.82% Black or African American, 2.39% Two or More Races, 0.0864% Native Hawaiian or Other Pacific Islanders, and 0.0432% American Indian or Alaska Native.

Students enrolled at Illinois Institute of Technology in full-time Undergraduate programs are most commonly White Male (24.3%), followed by Hispanic or Latino Male (14%) and Asian Male (10.9%). Students enrolled in full-time Graduate programs are most commonly White Female (11.1%), followed by White Male (10.1%) and Hispanic or Latino Female (2.6%).

Full-Time vs Part-Time Enrollment

78.3%

Full-Time Enrollment

The total enrollment at Illinois Institute of Technology in 2022, both undergraduate and graduate, is 6,943 students. The full-time enrollment at Illinois Institute of Technology is 5,433 and the part-time enrollment is 1,510. This means that 78.3% of students enrolled at Illinois Institute of Technology are enrolled full-time compared with 77.4% 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

85%

2022 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 85%. 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 (2022)

White
1,890 enrolled students
Hispanic or Latino
797 enrolled students
Asian
663 enrolled students

The enrolled student population at Illinois Institute of Technology is 27.2% White, 11.5% Hispanic or Latino, 9.55% Asian, 3.82% Black or African American, 2.39% Two or More Races, 0.0864% Native Hawaiian or Other Pacific Islanders, and 0.0432% 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 47.5% White, 15.5% Hispanic or Latino, and 9.58% 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, 177 students (2.55%) did not report their race.

Graduates

In 2022, 336 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 (554 degrees awarded). There were 2.55 times more white recipients than the next closest race/ethnicity group, asian (217 degrees).

The most common Professional Doctorate concentration at Illinois Institute of Technology is Law (233 degrees awarded).

In 2022, 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 Legal (331 degrees awarded), Engineering (547 degrees), and Computer and Information Sciences and Support Services (417 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 (1,035,304 people), Other managers (466,799 people), Miscellaneous engineers, including nuclear engineers (398,414 people), Civil engineers (290,959 people), and Postsecondary teachers (221,791 people).

The most specialized majors at Illinois Institute of Technology in 2022 are Legal (331 degrees awarded), Engineering (547 degrees), Computer and Information Sciences and Support Services (417 degrees), Physical Sciences (52 degrees), and Math & Statistics (33 degrees) (as of 2022).

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

The most specialized majors at Illinois Institute of Technology are Legal (331 degrees awarded), Engineering (547 degrees), Computer and Information Sciences and Support Services (417 degrees), Physical Sciences (52 degrees), and Math & Statistics (33 degrees) (as of 2022).

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 (1,080,699 people), Architectural, engineering & related services (498,577 people), Colleges, universities & professional schools, including junior colleges (433,119 people), Construction (332,881 people), and Elementary & secondary schools (276,893 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 (2022)

Computer Science
127 degrees awarded
Information Technology
69 degrees awarded
Programs for Foreign Lawyers
67 degrees awarded

In 2022, the most common masters degree concentration at Illinois Institute of Technology was Computer Science with 127 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

1,099

Degrees Awarded to Men

in 2022

763

Degrees Awarded to Women

in 2022

In 2022, 1,099 degrees were awarded to men at Illinois Institute of Technology, which is 1.44 times more than the number of degrees awarded to females (763).

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

Most Common Male Majors

In 2022, 180 degrees were awarded to men at Illinois Institute of Technology in Computer Science, which is 2.95 times more than the 61 female recipients with that same degree.

Most Common Female Majors

In 2022, 128 degrees were awarded to men at Illinois Institute of Technology in Law, which is 1.22 times more than the 105 male recipients with that same degree.

Time to Complete

38%

100% Completion Time

72%

150% Completion Time

In 2022, 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, 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.

Black or African American Female

Highest Graduation Rate (87.5%)

The student demographic with the highest graduation rate in 2022 at Illinois Institute of Technology is Female and Black or African American (87.5% graduation rate). Across all Doctoral Universities, Asian Female students have the highest graduation rate (73.2%).

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, 2.67% of graduates (10 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2022)

White
554 degrees awarded
Asian
217 degrees awarded
Hispanic or Latino
196 degrees awarded

The most common race/ethnicity at Illinois Institute of Technology is white (554 degrees awarded). There were 2.55 times more white recipients than the next closest race/ethnicity group, asian (217 degrees).

2.74% of degree recipients (51 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2022)

White Male
327 degrees awarded
White Female
227 degrees awarded
Asian Male
123 degrees awarded

The most common race/ethnicity and sex grouping at Illinois Institute of Technology is white male (327 degrees awarded). There were 1.44 times more white male recipients than the next closest race/ethnicity group, white female (227 degrees).

Operations

Illinois Institute of Technology has an endowment valued at nearly $289M, as of the end of the 2022 fiscal year. The return on its endowment was of −20.3M (−7.01%) compared to the 1.13% average return (4.2M on 373M) across all Doctoral Universities.

In 2022, Illinois Institute of Technology had a total salary expenditure of 292M. Illinois Institute of Technology employs 141 Professors, 100 Associate professors and 80 Assistant professors. Most academics at Illinois Institute of Technology are Male Professor (110), Male Associate professor (70), and Male Assistant professor (51).

The most common positions for non-instructional staff at Illinois Institute of Technology are: Management, with 183 employees, Business and Financial Operations, with 135 employees, and Office and Administrative Support with 121 employees.

Endowment

$289M

2022 Endowment

4.47%

decline from 2021

Illinois Institute of Technology has an endowment valued at about $289M, as of the end of the 2022 fiscal year. The endowment of Illinois Institute of Technology declined 4.47% from the previous year. The value of their endowment was $83.7M 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

$53M - Federal
$301k - State
$706k - Local

As of 2022, Illinois Institute of Technology received $53M in grants and contracts from the federal government, $301k from state grants and contracts, and $706k from local grants and contracts.

Salary Expenditure

$125M

2022 Salaries

6.51%

growth from 2021

In 2022, Illinois Institute of Technology paid a median of $125M in salaries, which represents 43% of their overall expenditure ($292M) and a 6.51% growth from the previous year. This is compared to a 3.89% decline between 2020 and 2021, and a 1.76% decline between 2019 and 2020.

The median for similar Doctoral Universities is 246M (41.5% of overall expenditures).

Instructional Salaries

$48.3M

Instructional Salaries

370

Number of Employees

In 2022, Illinois Institute of Technology paid a total of $48.3M to 370 employees working as instructors, which represents 38.5% of all salaries paid.

This is compared to a median of $73.7M (30%) for similar Doctoral Universities.

Occupations by Share

Professor

Most Common Instructor

141 Employees

Management

Most Common Non-Instructional Employee

183 Employees

In 2022, the most common positions for instructional staff at Illinois Institute of Technology were Professor with 141 employees, Associate professor with 100 employees, and Assistant professor with 80 employees.

In 2022, the most common positions for non-instructional staff at Illinois Institute of Technology were Management with 183 employees, Business and Financial Operations with 135 employees, and Office and Administrative Support with 121 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2022)

Male Professor
Male Associate professor
Male Assistant professor

In 2022, the most common demographic for instructional staff at Illinois Institute of Technology was Male Professor with 110 employees, Male Associate professor with 70 employees, and Male Assistant professor with 51 employees.

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

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