Over the past 10 years (2013-2022), 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.

For full-time, first-time beginning students (freshmen), 99.89% of students received grants or scholarships and 49% of students received student loans.

All Undergraduate Students Financial Aid Over Time

The following table shows 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.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-142,727 (93%)$25,871908 (31%)$4,4821,305 (45%)$7,835
2014-152,747 (89%)$27,521879 (28%)$4,6811,248 (40%)$7,930
2015-162,773 (93%)$28,279895 (30%)$4,6431,250 (42%)$7,931
2016-172,733 (98%)$30,376881 (31%)$4,7881,242 (44%)$8,114
2017-182,709 (98%)$30,918873 (32%)$4,7131,225 (44%)$8,269
2018-192,817 (93%)$33,305939 (31%)$5,0321,297 (43%)$7,205
2019-202,974 (95%)$33,366921 (29%)$4,8691,300 (41%)$6,967
2020-212,910 (93%)$35,675924 (30%)$4,9611,265 (41%)$6,836
2021-222,865 (96%)$36,536879 (29%)$5,0341,090 (36%)$6,887
Average2,806 (94.22%)$31,316900 (30.11%)$4,8001,247 (41.78%)$7,553
*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.

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

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
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14463 (100%)$29,530232 (50%)$6,567
2014-15438 (100%)$31,018196 (45%)$7,041
2015-16479 (100%)$32,067235 (49%)$6,823
2016-17501 (100%)$34,485267 (53%)$6,976
2017-18472 (100%)$34,691251 (53%)$8,010
2018-19608 (100%)$36,960308 (51%)$7,282
2019-20583 (100%)$37,280286 (49%)$7,225
2020-21512 (100%)$40,370239 (47%)$6,578
2021-22496 (99%)$40,243211 (42%)$7,227
Average506 (99.89%)$35,183247 (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.

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) GrantsOther Federal State/Local governmentInstitutional
Number Received (percent)Average AmountNumber Received (percent)Average Amount Number Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14140 (30%)$4,35467 (14%)$8,429137 (30%)$4,572463 (100%)$25,641
2014-15128 (29%)$4,41757 (13%)$4,847120 (27%)$4,594438 (100%)$27,838
2015-16152 (32%)$4,80985 (18%)$2,091140 (29%)$3,846479 (100%)$29,046
2016-17148 (29%)$4,70866 (13%)$3,995129 (26%)$4,576501 (100%)$31,390
2017-18144 (31%)$4,91680 (17%)$2,246133 (28%)$4,757472 (100%)$31,470
2018-19187 (31%)$4,96078 (13%)$2,000170 (28%)$4,716608 (100%)$33,859
2019-20169 (29%)$5,06391 (16%)$2,003164 (28%)$5,068583 (100%)$34,074
2020-21164 (32%)$5,033200 (39%)$2,322170 (33%)$4,925512 (100%)$36,215
2021-22149 (30%)$5,542186 (37%)$2,963130 (26%)$5,425496 (99%)$36,045
Average153 (30.33%)$4,867101 (20.00%)$3,433144 (28.33%)$4,720506 (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.

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.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14232 (50%)$6,567220 (47%)$5,64027 (6%)$10,473
2014-15196 (45%)$7,041187 (43%)$5,75728 (6%)$10,843
2015-16235 (49%)$6,823227 (47%)$5,90123 (5%)$11,474
2016-17267 (53%)$6,976252 (50%)$5,80333 (7%)$12,129
2017-18251 (53%)$8,010243 (51%)$7,06124 (5%)$12,281
2018-19308 (51%)$7,282305 (50%)$5,45336 (6%)$16,100
2019-20286 (49%)$7,225282 (48%)$5,35035 (6%)$15,928
2020-21239 (47%)$6,578237 (46%)$5,07822 (4%)$16,758
2021-22211 (42%)$7,227211 (42%)$5,36224 (5%)$16,397
Average247 (48.78%)$7,081240 (47.11%)$5,71228 (5.56%)$13,598

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