Illinois Institute
of Technology
Private Research University in Chicago, IL. Six-year graduation rate 75%. Median 10-year earnings $82,592.
Students who entered Illinois Institute of Technology reach a median of $82,592 ten years later, which puts this school in the upper band of undergraduate earnings outcomes. 75% graduate within six years, so most students who start here finish here. Median debt at graduation is $25,000, roughly typical for an undergraduate degree. On economic mobility, 3.6% of students travel from the bottom income quintile to the top.
Earnings: College Scorecard, median ten years after entry across students who received federal aid — completers and non-completers alike.
- ✓ Debt-to-income ratio 0.30 — healthy (below the 0.40 threshold)
- ✓ Graduation rate 75% — well above the national average
- ✓ 3-year loan default 0.0% — below national benchmark
Admissions
Illinois Institute of Technology admits 55% of applicants and is genuinely selective — roughly one in two applicants are turned away. 12,216 students applied, a pool deep enough to make the acceptance rate meaningful. A 8% yield rate is low: the admitted pool is much larger than the entering class. The score bands below rest on the 30% of enrolled first-years who submitted an SAT score — a self-selected group, and not a cutoff.
Test score bands (middle 50% of submitters)
These bands describe the enrolled first-years who submitted a score, not the entering class. Where most students apply test-optional the submitters are a self-selected, higher-scoring group.
| Test | 25th–75th percentile | Submitted |
|---|---|---|
| SAT Evidence-Based Reading | 590–720 | 158 (30%) |
| SAT Math | 590–720 | |
| ACT Composite | 26–32 | 44 (8%) |
IPEDS Admissions · 2024
Apply at Illinois Institute of Technology →Academics
A 75% six-year graduation rate is the strongest academic signal on this page. 86% of full-time first-years return for a second year — a healthy figure. At 14:1, students get materially more instructor contact than at a typical public university. This is a private nonprofit four-year college, so read every rate on this page against that peer group specifically. With 3,316 undergraduates, the school sits in the middle of the size distribution.
Financial Aid
IPEDS Student Financial Aid · 2023-24 · grant and loan rates against 2,872 degree- or certificate-seeking undergraduates
Net price lands at $24,796 a year on average, neither cheap nor punishing. Net price swings hard on family income here, from $12,964 at the $0–30k band to $29,950 at $110k+. Grant aid is widespread — 96% of students receive it, averaging $38,732. 33% of students take federal loans, a middling borrowing rate.
Entering first-year students
A different, smaller group than the rates above: full-time students in their first year of college anywhere. The grant series here also excludes the "other sources" counted in the all-undergraduate figure, so the two are not comparable.
IPEDS Student Financial Aid · 2023-24 · 528 students
Net price by family income
The same students as the headline above, limited to those who received Title IV federal aid — a narrower group, with a lower overall average. IPEDS publishes no combined figure across these bands, so they should not be averaged into one.
| Family income band | Average net price |
|---|---|
| $0–30k | $12,964 |
| $30–48k | $13,415 |
| $48–75k | $17,217 |
| $75–110k | $21,858 |
| $110k+ | $29,950 |
IPEDS Student Financial Aid · 2023-24
Federal student loans went to 952 of these 2,872 students, totalling $6,317,267 — an average of $6,636 each.
IPEDS Student Financial Aid · 2023-24
Local housing costs
Typical rents near campus (Cook County) — budget these against any cost-of-attendance housing estimate.
HUD Fair Market Rents (40th-percentile gross rent incl. utilities) · FY2026
Veterans & GI Bill
VA GI Bill Comparison Tool (Veterans Affairs GIDS)