A cost of attendance budget is provided to students to assist in determining actual expenses for the academic year. The list of estimated expenses is not a bill. It merely includes expenses that are charged by the university, such as tuition and fees. Books and supplies, transportation, and personal expenses are not charged by the university on the student bill. An individual student’s charges may vary based on many items such as housing selection and lab fees. Total amounts owed to the university will vary on a year-to-year basis depending on these items and the current tuition rate.
2015-2016 Example Budget - New Undergraduate Student
Room and Board: $11,300
Books and Supplies: $1,200 ($1,500 for architecture students)
Loan Fees: $60**
2015-2016 Example Budget - New Graduate Student (Main Campus)
Tuition: $15,756* (budgeted at 6 hours/semester)
Room and Board: $10,800
Books and Supplies: $800
Loan Fees: $220**
Tuition is the cost of attending classes at IIT. As a private institution, IIT does not charge different rates to in-state and out-of-state students. Your estimated tuition is based on enrollment plans provided on the FAFSA.
*Tuition rates vary based on the year the student matriculates at IIT.
Fees include mandatory fees required of all students such as the Service Fee, Activity Fee, and U-Pass Fee. The U-Pass Fee provides students with a University Pass, which allows students unlimited access to Chicago Transit Authority's public transportation while school is in session. A one-time New Student Fee will be applied to all new students in their first term. The Health Insurance Fee is not included. Students who do not submit proof of adequate insurance coverage to the Student Health and Wellness Department will be charged for health insurance.
Room and Board includes the estimated housing costs for a student's nine-month academic year. This amount is based upon housing plans provided on the FAFSA. Actual expenses may vary based on actual housing selection.
Books and Supplies are materials purchased for class. The cost of books and supplies are not billed by the university. Students may purchase them at the university bookstore, and actual costs may vary depending on class requirements.
Transportation Expenses include allotment for travel within Chicago and assistance with travel to and from the university at the start and conclusion of the nine-month academic year as well as university breaks.
Loan Fees are charges assessed by the Department of Education for borrowing Federal Student Loans. Loan fees are deducted proportionately from each loan disbursement a student receives.
**The Department of Education does not assess loan fees for students who do not accept Federal Student Loans.
Personal/Miscellaneous Expenses include various expenses a student may incur during the academic year, such as clothing, toiletries, laundry, etc.