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Institute of Technology

Average Grant & Scholarships

In 2022, 89 of freshman students at Institute of Technology received on average $7,476 in grant and scholarships from the college, the state and/or the federal government. Below is detail stats of the aid provided to full-time, freshman students.

$7,476
Students Receiving Aid Average Amount Total Amount
Pell Grant 676 78% $5,462 $3,692,314
Other Federal Grant 752 87% $7,070 $5,316,764
State Grant/Scholarships 62 7% $5,964 $369,796
Institutional Grant/Scholarships 7 1% $3,564 $24,950
Total Grant & Scholarships 764 89% $7,476 $5,711,510

Average Student Loans

In 2022, 80% of freshman students at Institute of Technology received $8,382 (average) in federal student loan. Below is detail stats of all the loans provided to full-time, freshman students.

$8,382
Students Receiving Loan Average Amount Total Amount
Federal Student Loans 692 80% $8,382 $5,800,288
Private Loans 451 52% $835 $376,521
Total Loans 721 84% $8,567 $6,176,809

Financial Aid By Income Level

Financial aid breakdown by students family income level. The data is organized by income level group starting from families making below $30k to above $110k.

Post-9/11 GI Bill

Post 9/11 GI Bill is a federal education benefit program for veterans, who served on active duty after September 10, 2001. This Department of Veteran Affairs benefit provides up to 36 months of education benefits at an approved institution for the following college costs: tuition and fees, books and supplies and housing. The tuition and fees payment, which is the cost for an in-state student attending a public institution, is made directly to the post-secondary institution whereas payments for books and supplies and housing are sent directly to the student.

$10,362
Average aid amount
2022