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Illinois Institute of Technology

Chicago, IL·Private nonprofit·2,812 students
Last updated: March 21, 2026

A good fit for students who prefer a mid-size campus. no major red flags in the data. solid earnings of $78,000 within 10 years; generous financial aid cuts net price well below sticker.

55%
Accept
2,812
Students
$19,353
Net Price
72%
Grad Rate
$78,000
Earnings
10 yr
$20,687
Debt

About This School

Illinois Institute of Technology is a private nonprofit institution located in Chicago, Illinois with approximately 2,812 undergraduate students enrolled. Illinois Institute of Technology has an open or accessible admissions process, with an acceptance rate of 55%. The average net price after financial aid is $19,353 per year. The graduation rate is 72%, and the typical graduate earns $78,000 within 10 years of enrollment.

The Illinois Institute of Technology is a private research university in Chicago, Illinois, United States. Tracing its history to 1890, the present name was adopted upon the merger of the Armour Institute and Lewis Institute in 1940. The university has programs in architecture, business, communications, design, engineering, industrial technology, information technology, law, psychology, and science. It is classified among "R2: Doctoral Universities – High research activity".

This is a strong option for students serious about engineering, architecture, or tech who want a real Chicago location and solid career outcomes — median earnings of $78,000 at 10 years hold up well against the $20,687 median debt at graduation. The 55% acceptance rate and relatively affordable net price of ~$19,000/year make it accessible without sacrificing professional credibility. The 72% graduation rate is worth watching — not alarming, but ask admissions about support resources, especially if you're coming in underprepared in math or sciences.

Founded
1940
Setting
Large city

Popular Programs

Engineering43%
Computer Science24%
Physical Sciences4%
Psychology3%
Biological Sciences3%
Mathematics2%
Business & Marketing2%
Social Sciences1%

Percentage of degrees awarded. Source: College Scorecard.

Notable Alumni

Valdas AdamkusJack SteinbergerMartin CooperRoger Bruce ChaffeeHans HolleinKevin RocheVirgil AblohGrote ReberSusan SolomonHelmut JahnDorothy ThompsonJack Dongarra

Source: Wikidata. Used for context only.

Admissions

SAT Scores

Average Composite1296
Reading 75th %ile690
Math 75th %ile720

ACT Scores

Midpoint Composite29

Cost & Financial Aid

In-State Tuition
$51,763
Out-of-State Tuition
$51,763
Avg Net Price
$19,353
after aid

Financial Aid

Students receiving Pell Grants29%
Median debt at graduation$20,687

Full Cost

After Graduation

Graduation Rate
72%
within 6 years
Retention Rate
87%
freshmen returning
Earnings (10 yr)
$78,000
after enrollment
Median Debt
$20,687
at graduation

Will This School Pay Off?

Median Debt
$20,687
at graduation
Earnings (6 yr)
$60,400
after enrollment
Earnings (10 yr)
$78,000
after enrollment
Earnings-to-Debt Ratio: 3.8x

Strong return. Graduates earn well above their debt load.

Earnings data from the U.S. Department of Education College Scorecard. These are means across all graduates, not specific to any major.

Student Body

White34%
Black5%
Hispanic/Latino25%
Asian17%

Source: U.S. Department of Education College Scorecard (2,812 undergraduates).

Contact & Location

Address

Illinois Institute of Technology

10 West 35th Street

Chicago, IL 60616

View on Google Maps →

Other Schools in Illinois

Browse all Illinois schools →

Sources & Methodology

Data

Primary data source: U.S. Department of Education College Scorecard. Accessed via automated sync. Latest values may come from different reporting years depending on the metric.

Contextual Enrichment

School overview from Wikipedia. Used for context only, not as a primary data source for admissions, cost, or outcomes claims.

Important Caveats
  • Earnings figures are institution-level averages, not major-specific.
  • Some metrics are based on Title IV financial aid recipients only.
  • Some values may be privacy-suppressed or rolled up by the Department of Education.
  • Contact the school directly for current admissions requirements and costs.
Trademarks

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