Financial Aid at IIT
Financial Aid Amount Received
$20,104 (66.03% of tuition)
Percent of Financial Aid Received
85% of 1,490 students
1,300 undergraduate students (85% of all students) have received grants, scholarships, and/or federal student loans at Indiana Institute of Technology. The percentage of students who received financial aid average compared to Private (not-for-profit), 4-Years Colleges in Indiana.
Compared to similar schools in rankings such as Butler University and University of Southern Indiana, the percentage of students who received financial aid is much higher (the average of the schools is 70.33%).
Undergraduate Financial Aid by Type
The average amount of grants of scholarship aid is $20,104 and the average loan amount is $7,054. The average financial aid amount is 66.03% of tuition & fees (tuition & fees: $30,446).
| Number Receiving Aid | Percent Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received | |
|---|---|---|---|---|
| Grant or scholarship aid | 1,300 | 85% | $26,135,535 | $20,104 |
| Pell Grants | 502 | 33% | $2,453,399 | $4,887 |
| Federal Students Loans | 1,111 | 73% | $7,837,528 | $7,054 |
Undergraduate Student Financial Aid Comparison Chart
First-time (full-time) Undergraduate Students Financial Aid
For the full-time, first-time undergraduate students (freshmen, in most cases), 446 students have received one or more types of financial aid at Indiana Institute of Technology.
The average amount of federal, state, local or institutional grant aid is $19,813 and the average amount of student loans awarded to full-time first-time undergraduate students is $7,973.
The following table shows the financial data by type of aid at Indiana Institute of Technology.
First-time Undergraduate Financial Aid by Type
| Number Receiving Aid | Percent Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received | |
|---|---|---|---|---|
| Any Financial Aid | 446 | 100% | - | - |
| Grant or scholarship aid | 446 | 100% | $8,836,581 | $19,813 |
| Federal Grants | 192 | 43% | $946,128 | $4,928 |
| Pell Grants | 192 | 43% | $902,378 | $4,700 |
| Other Federal Grants | 99 | 22% | $43,750 | $442 |
| State/Local Grants | 131 | 29% | $876,242 | $6,689 |
| Institutional Grants | 446 | 100% | $7,014,211 | $15,727 |
| Student Loans | 409 | 92% | $3,261,056 | $7,973 |
| Federal Student Loans | 409 | 92% | $2,586,471 | $6,324 |
| Other Student Loans | 54 | 12% | $674,585 | $12,492 |