Midwest Technical Institute-Illinois
For-profit College in Springfield, IL. Median 10-year earnings $33,601.
Ten-year median earnings of $33,601 are on the low side, which raises the bar for what this degree needs to cost. Graduates leave owing a median of $9,500 — modest by four-year standards. On economic mobility, 2.0% 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 0.28 — healthy (below the 0.40 threshold)
- ✓ 3-year loan default 0.0% — below national benchmark
Academics
The federal six-year graduation rate is not published here — typically because the entering cohort this measure follows is too small or too atypical to report. Treat completion as unknown rather than assuming either direction. 78% of full-time first-years come back for year two, so about one in five are gone before sophomore year. A 15:1 ratio points to small classes and accessible faculty. As a for-profit short-program school, outcomes here deserve a harder look than the sector average suggests: for-profit institutions vary enormously, and the sector's aggregate numbers hide both strong and very weak performers. With 2,046 undergraduates, the school sits in the middle of the size distribution.
Financial Aid
IPEDS Student Financial Aid · 2023-24 · grant and loan rates against 2,046 degree- or certificate-seeking undergraduates
Students pay an average of $27,968 annually once grants are applied. Net price varies modestly by income — $27,294 at $0–30k against $31,298 at $110k+ — so the average is a fair guide for most families. About 71% get grants averaging $6,513, so plan on the possibility of paying closer to full price. Borrowing is widespread: 73% take federal loans.
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 · 942 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 | $27,294 |
| $30–48k | $27,935 |
| $48–75k | $29,993 |
| $75–110k | $31,334 |
| $110k+ | $31,298 |
IPEDS Student Financial Aid · 2023-24
Federal student loans went to 1,492 of these 2,046 students, totalling $11,956,821 — an average of $8,014 each.
IPEDS Student Financial Aid · 2023-24
Local housing costs
Typical rents near campus (Sangamon 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)