IIT's tuition & fees has increased from $40,052 (2014) to $51,763 (2024), and the rate of tuition increase is 29.24% over the past 10 years. The graduate school tuition & fees has raised from $23,800 (year 2014) to $33,810 (year 2024).
IIT's tuition increase rate is higher than the Illinois's average increase rate of -8.12%. Compare to all colleges in United States, it's increase rate is higher than the average increase rate of 28.12%.
Cost of Attendance (COA) Trends
The total cost of attendance (COA), including tuition & fees, books & supplies costs, and living costs, increased by 31.19% from 2014 ($55,639).
For the current academic year 2023-2024, IIT's COA is $72,991, which is increased by 2.02% from last year.
The following table and chart show changes to IIT's COA over the past 10 years.
Tuition & Fees Changes
The tuition & fees have increased 29.24% for the last 10 years , and the 2024 tuition & fees are $51,763. The following table and chart show the tuition & fees changes at Illinois Institute of Technology over last the 10 years.
Books & Supplies Costs Changes
The cost of purchasing books & supplies which are required/recommended for courses $1,200, and it has not changed since 2014.
| Year | Books & Supplies | Change by Year |
|---|
| 2014-15 | $1,200 | - |
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| 2015-16 | $1,200 | |
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| 2016-17 | $1,200 | |
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| 2017-18 | $1,250 | 4.17% |
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| 2018-19 | $1,250 | |
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| 2019-20 | $1,250 | |
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| 2020-21 | $1,200 | -4.00% |
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| 2021-22 | $1,200 | |
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| 2022-23 | $1,200 | |
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| 2023-24 | $1,200 | |
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Living Costs Changes
The living costs including room, board, and other living expenses have increased 39.21% when a student lives on-campus facilities and 7.56% when living-off campus from the year 2014 to 2024. The following table shows the changes in living costs at Illinois Institute of Technology.
| Year | Living On Campus | Living Off Campus | Change by Year |
|---|
| 2014-15 | $14,387 | $17,360 | - |
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| 2015-16 | $15,544 | $16,906 | 8.04% |
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| 2016-17 | $17,013 | $17,135 | 9.45% |
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| 2017-18 | $16,635 | $16,658 | -2.22% |
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| 2018-19 | $16,490 | $16,758 | -0.87% |
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| 2019-20 | $17,732 | $16,168 | 7.53% |
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| 2020-21 | $19,478 | $16,100 | 9.85% |
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| 2021-22 | $19,390 | $16,100 | -0.45% |
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| 2022-23 | $20,070 | $17,800 | 3.51% |
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| 2023-24 | $20,028 | $20,500 | -0.21% |
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Compare Tuition Change to Similar Colleges
The following table compares 2024 tuition and increase rate from last year between Illinois Institute of Technology and similar schools.
| 2024 | 2023 | Increase Rate |
|---|
| Illinois Institute of Technology | $50,917 | $50,279 | 1.27% |
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| Northwestern University | $65,997 | $63,468 | 3.98% |
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| DePaul University | $44,174 | $43,100 | 2.49% |
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| University of Chicago | $65,619 | $62,940 | 4.26% |
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| Loyola University Chicago | $51,716 | $49,498 | 4.48% |
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| National Louis University | $14,601 | $14,244 | 2.51% |
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