How IIT's Financial Aid Changes

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Illinois Institute of Technology since 2013.

For that period, the average number of students who received grants aid/scholarships is 2,806, which is 94.22 % of all undergraduate students. 1,247 students which is 41.78% of undergraduate students received federal student loans and the average loan amount is $7,553.

Year	Grant or Scholarship^*		Pell Grants		Federal Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	2,727 (93%)	$25,871	908 (31%)	$4,482	1,305 (45%)	$7,835
2014-15	2,747 (89%)	$27,521	879 (28%)	$4,681	1,248 (40%)	$7,930
2015-16	2,773 (93%)	$28,279	895 (30%)	$4,643	1,250 (42%)	$7,931
2016-17	2,733 (98%)	$30,376	881 (31%)	$4,788	1,242 (44%)	$8,114
2017-18	2,709 (98%)	$30,918	873 (32%)	$4,713	1,225 (44%)	$8,269
2018-19	2,817 (93%)	$33,305	939 (31%)	$5,032	1,297 (43%)	$7,205
2019-20	2,974 (95%)	$33,366	921 (29%)	$4,869	1,300 (41%)	$6,967
2020-21	2,910 (93%)	$35,675	924 (30%)	$4,961	1,265 (41%)	$6,836
2021-22	2,865 (96%)	$36,536	879 (29%)	$5,034	1,090 (36%)	$6,887
Average	2,806 (94.22%)	$31,316	900 (30.11%)	$4,800	1,247 (41.78%)	$7,553

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

Overview

For the last 10 years, on average, 506 (99.89 % of students) received grants or scholarships and its average amount is $35,183. It can cover 69.10% of tuition & fees ($50,917).

In addition, 247 (48.78 % of students) students get helped from the students loans (average amount : $7,081).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	463 (100%)	$29,530	232 (50%)	$6,567
2014-15	438 (100%)	$31,018	196 (45%)	$7,041
2015-16	479 (100%)	$32,067	235 (49%)	$6,823
2016-17	501 (100%)	$34,485	267 (53%)	$6,976
2017-18	472 (100%)	$34,691	251 (53%)	$8,010
2018-19	608 (100%)	$36,960	308 (51%)	$7,282
2019-20	583 (100%)	$37,280	286 (49%)	$7,225
2020-21	512 (100%)	$40,370	239 (47%)	$6,578
2021-22	496 (99%)	$40,243	211 (42%)	$7,227
Average	506 (99.89%)	$35,183	247 (48.78%)	$7,081

^*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.

^**percentage of number of students receiving aids among all undergraduate students.

Grants/Scholarship

The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 153 (30.33 % of students) received Pell (federal) grants and its average amount is $4,867.

In addition, 144 students received State/local government grants/scholarships (28.33 % of students).

Year	Federal (Pell) Grants		Other Federal		State/Local government		Institutional
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	140 (30%)	$4,354	67 (14%)	$8,429	137 (30%)	$4,572	463 (100%)	$25,641
2014-15	128 (29%)	$4,417	57 (13%)	$4,847	120 (27%)	$4,594	438 (100%)	$27,838
2015-16	152 (32%)	$4,809	85 (18%)	$2,091	140 (29%)	$3,846	479 (100%)	$29,046
2016-17	148 (29%)	$4,708	66 (13%)	$3,995	129 (26%)	$4,576	501 (100%)	$31,390
2017-18	144 (31%)	$4,916	80 (17%)	$2,246	133 (28%)	$4,757	472 (100%)	$31,470
2018-19	187 (31%)	$4,960	78 (13%)	$2,000	170 (28%)	$4,716	608 (100%)	$33,859
2019-20	169 (29%)	$5,063	91 (16%)	$2,003	164 (28%)	$5,068	583 (100%)	$34,074
2020-21	164 (32%)	$5,033	200 (39%)	$2,322	170 (33%)	$4,925	512 (100%)	$36,215
2021-22	149 (30%)	$5,542	186 (37%)	$2,963	130 (26%)	$5,425	496 (99%)	$36,045
Average	153 (30.33%)	$4,867	101 (20.00%)	$3,433	144 (28.33%)	$4,720	506 (99.89%)	$31,731

^*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.

^**percentage of number of students receiving aids among all undergraduate students..

Student Loans

The following table describes number of students and average amount of loans by loan type. The following table shows the trends of grants or scholarships over time.

For the last 10 years, on average, 247 (48.78 % of students) get any students loan help and its average loan amount is $247.

Year	Total		Federal student loans		Other student loans
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	232 (50%)	$6,567	220 (47%)	$5,640	27 (6%)	$10,473
2014-15	196 (45%)	$7,041	187 (43%)	$5,757	28 (6%)	$10,843
2015-16	235 (49%)	$6,823	227 (47%)	$5,901	23 (5%)	$11,474
2016-17	267 (53%)	$6,976	252 (50%)	$5,803	33 (7%)	$12,129
2017-18	251 (53%)	$8,010	243 (51%)	$7,061	24 (5%)	$12,281
2018-19	308 (51%)	$7,282	305 (50%)	$5,453	36 (6%)	$16,100
2019-20	286 (49%)	$7,225	282 (48%)	$5,350	35 (6%)	$15,928
2020-21	239 (47%)	$6,578	237 (46%)	$5,078	22 (4%)	$16,758
2021-22	211 (42%)	$7,227	211 (42%)	$5,362	24 (5%)	$16,397
Average	247 (48.78%)	$7,081	240 (47.11%)	$5,712	28 (5.56%)	$13,598

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Scholarships, Grants, and Loan Trends at IIT

All Undergraduate Students Financial Aid Over Time

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time