# Illinois Institute of Technology

Private nonprofit college in Chicago, IL. IPEDS ID 145725.
Source page: https://educationguide.com/colleges/illinois-institute-of-technology · Data: https://educationguide.com/data/colleges/illinois-institute-of-technology.json · Method: https://educationguide.com/how-we-score

## Key numbers
- Acceptance rate: 55% (Fall 2024, College Scorecard)
- Average net price after grants: $18,425 per year (AcadYr 2023-24, reported in IPEDS DCY2024-25)
- Graduation rate (6 years): 75%; beats 88% of IL colleges and 86% nationwide
- Median earnings 10 years after starting: $82,592; beats 95% of IL colleges and 94% nationwide
- Median debt at graduation: $20,687

## Net price by family income (per year, after grants)
| Family income | Net price |
|---|---|
| 0-30k | $12,964 |
| 30-48k | $13,415 |
| 48-75k | $17,217 |
| 75-110k | $21,858 |
| 110k+ | $29,950 |

Average after grants for first-time, full-time students receiving federal aid. Negative values mean grants exceed cost.

## Cost to finish and years to pay back (EducationGuide calculation)
Graduates took 4.59 years on average (35% finished in 4 years; Fall 2017 entrants, IPEDS). Earnings gain = $82,592 (median earnings of former students 10 years after starting college (College Scorecard)) minus $35,797 for high school graduates ages 25-34 in IL (Census ACS 2020-2024).

| Family income | Net price / yr | Cost to finish | Years to pay back |
|---|---|---|---|
| 0-30k | $12,964 | $59,505 | 1.3 years |
| 30-48k | $13,415 | $61,575 | 1.3 years |
| 48-75k | $17,217 | $79,026 | 1.7 years |
| 75-110k | $21,858 | $100,328 | 2.1 years |
| 110k+ | $29,950 | $137,471 | 2.9 years |

Method: https://educationguide.com/how-we-score#value

## Sticker price
- Cost of attendance: $68,164
- Tuition and fees: $52,386
- Housing and meals: $16,528; books: $1,200

## Admissions
- SAT reading & writing: 590–720; SAT math: 590–720; ACT: 26–32 (25th–75th percentile, Fall 2024)
- Fall 2023: 8,912 applicants, 4,939 admitted, 534 enrolled; test scores considered but not required
- Fall 2024: acceptance 55%, ACT 26–32 (College Scorecard)
- Fall 2023: acceptance 55%, ACT 25–31 (IPEDS Admissions)

### Common Data Set 2023-24 (Fall 2023)
- Very important: rigor, gpa; important: none; considered: class rank, test scores, essay, recommendations, extracurriculars, talent, character, volunteer, work experience
- Early decision: not reported; early action: not reported; waitlist: not reported
- Average high school GPA of enrolled first-years: 4.2
- Source: https://www.iit.edu/sites/default/files/2024-07/Full-2023-2024-Common-Data-Set.pdf

## Majors (44 bachelor's majors)
| Major | Earnings 1 yr | Earnings 4 yrs | Median debt |
|---|---|---|---|
| Computer Science | $86,005 | $120,953 | $23,250 |
| Computer Engineering | $81,252 | $114,930 | $26,500 |
| Aerospace, Aeronautical, and Astronautical / Space Engineering | $63,169 | $110,956 | $27,000 |
| Electrical Engineering | $69,966 | $98,743 | $25,500 |
| Computer and Information Sciences | $61,313 | $97,153 | $24,750 |
| Biomedical Engineering | $48,572 | $88,378 | $27,000 |
| Civil Engineering | $71,760 | $87,884 | $26,000 |
| Mechanical Engineering | $65,386 | $87,789 | $27,000 |
| Chemical Engineering | $64,526 | $84,876 | $26,747 |
| Engineering-Related Fields | $72,164 | $84,305 | not reported |
| Architecture | $47,542 | $68,358 | $31,000 |
| Business Administration | $42,992 | $57,960 | $25,197 |
| Architectural Sciences and Technology | $37,948 | not reported | $31,343 |
| Broadcasting / Digital Media | not reported | not reported | not reported |
| Public Relations and Advertising | not reported | not reported | not reported |
| Communication, Journalism, and Related Programs, Other | not reported | not reported | not reported |
| Computer Systems Networking and Telecommunications | not reported | not reported | not reported |
| Information Technology | not reported | not reported | not reported |
| Engineering | not reported | not reported | not reported |
| Architectural Engineering | not reported | not reported | not reported |
| Engineering Physics | not reported | not reported | not reported |
| Materials Engineering | not reported | not reported | not reported |
| Liberal Arts / General Studies | not reported | not reported | not reported |
| Biology | not reported | not reported | not reported |
| Biochemistry | not reported | not reported | not reported |
| Biomathematics, Bioinformatics, and Computational Biology | not reported | not reported | not reported |
| Applied Mathematics | not reported | not reported | not reported |
| Statistics | not reported | not reported | not reported |
| Behavioral Sciences | not reported | not reported | not reported |
| International / Global Studies | not reported | not reported | not reported |
| Economics and Computer Science | not reported | not reported | not reported |
| Astronomy and Astrophysics | not reported | not reported | not reported |
| Chemistry | not reported | not reported | not reported |
| Physics | not reported | not reported | not reported |
| Psychology | not reported | not reported | not reported |
| Psychology (Research) | not reported | not reported | not reported |
| Psychology (Clinical / Counseling) | not reported | not reported | not reported |
| Psychology, Other | not reported | not reported | not reported |
| Social Sciences | not reported | not reported | not reported |
| Economics | not reported | not reported | not reported |
| Political Science | not reported | not reported | not reported |
| Sociology | not reported | not reported | not reported |
| Pharmacy, Pharmaceutical Sciences, and Administration | not reported | not reported | not reported |
| Management Science / Analytics | not reported | not reported | not reported |

## Major to career
- Mechanical Engineering → Mechanical engineer: median wage $102,070 (Chicago-Naperville-Elgin, IL-IN), $102,680 (IL), $104,110 (U.S.)
- Computer and Information Sciences → Software developer: median wage $134,380 (Chicago-Naperville-Elgin, IL-IN), $132,110 (IL), $135,980 (U.S.)

## Sources and years
- Net price: AcadYr 2023-24, reported in IPEDS DCY2024-25; cost of attendance: AcadYr 2023-24, reported in IPEDS DCY2024-25; tuition: AcadYr 2024-25, reported in IPEDS DCY2024-25
- Graduation: Fall 2018 or AcadYr 2018-19 cohort (differs by institutional calendar), reported in IPEDS DCY2024-25; earnings: Treasury AY2009-10, AY2010-11 pooled cohort measured in CY2020, CY2021, inflation adjusted to 2022 dollars; debt: NSLDS FY2020, FY2021 pooled cohorts
- Major earnings (4 yr): Treasury AY2017-2018, AY2018-2019 pooled earnings cohort measured in CY2022, CY2023, inflation adjusted to 2024 dollars

Free to reuse with attribution: cite "EducationGuide.com" with a link to the page URL. Most figures are U.S. government data (public domain); loan default rates and athletics come from the Urban Institute Education Data Portal (ODC-By 1.0, attribution required) and founding years from Wikidata (CC0).