Indiana Tech

In 2022, IIT's tuition was $29,064 a year.

Tuition increased 2.5% in 2023–from $28,356 the prior year. Usually, college tuition rises about 3% year.

Remember, the "sticker price" of tuition doesn't always tell the full story. Many students owe far less than the total tuition after grants, scholarships, and tuition discounts are applied. And, student loans can make the amount you do have to pay out of pocket feel more doable until after graduation.

Indiana Tech meets 58% of the demonstrated financial need for undergraduates. The average financial aid package for a full-time, first-year student at Indiana Tech is around $22,545 a year.

The average student debt for graduates in the class of 2023 was around $29,371 per student, not including those with no debt.

Does Indiana Tech Offer In-State and Out-of-State Tuition?

Indiana Tech is a private, nonprofit institution, so it has the same tuition for students from Indiana as it does for residents from other states.

Public schools receive funds from the state to help them cover costs. Public insitutions often offer a lower cost of attendance for students who are residents of that state.

Attending a school where you are eligible for in-state tuition can drastically reduce the overall cost of college. Don't forget to verify your state's guidelines for how to qualify for as an in-state resident. Every state has its own rules about what makes someone eligible for in-state tuition. The most common requirement is that students must have lived in the state for a full year before starting school. There may be other criteria as well, depending on where you live.

Explore other Indiana colleges

Is Indiana Tech's Tuition Different for International Students?

Indiana Tech has the same tuition for international students as for those from out of state.

International students are not eligible for federal financial aid, but should research private or Indiana Tech-specific grants, scholarships, and other funding opportunities.

International students without financial need may be eligible for merit-based institutional scholarships and athletic awards.

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Indiana Tech Room, Board, Fees, and More

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In addition to tuition, room and board, books, transportation and fees are also costs it consider when budgeting for college. Let's take a look at what impacts these costs, and what to expect at Indiana Tech.

Room and Board Costs at Indiana Tech

Housing and campus dining at Indiana Tech costs $13,856 a year. This includes the cost of living in dorms or other on-campus housing, and a meal plan that enables you to eat all or some of your meals the Indiana Tech's on-campus cafeterias and dining halls. Students who do not live on-campus but would like to be able to eat in the campus dining can opt-in for a meal plan. The cost of a mean plan, or board-only, is $5,037.

Meal-plan costs may vary depending on the number of meals you intend to eat on-campus

How Much Do Books Cost at Indiana Tech?

The cost of books often surprises first-year college students. The real cost of books depends on the courses you take and the textbooks, computer programs, or other materials are required.. To save money, many students choose to use books from the library or buy books from students who have already taken the course.

Annual Fees

Most schools also have fees to help cover the cost of facilties, like the library, gym and computer labs.

Keep in mind, there could also be optional fees associated with participating in special activities, like Greek Life, or playing on an intramural sports team. Many schools have resources for students who may struggle to participate because of cost can find ways to lower or eliminate these costs.

The Cost of Transportation at Indiana Tech

The cost of getting around in college depends on a few key factors. Will you drive, fly, or take public transportation to school? Is on-campus parking free, or will you need to budget for parking? Is the campus walkable? Do you own a car, or will you need to use public transportation? All of these questions can make a big difference in your estimated cost of transportation. At Indiana Tech, freshman are allowed to park on campus.

A school's location can also have a big effect on transportation costs. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the other hand getting around in a city is sometimes costly, but cities may offer more buses, trains or affordable flights to actually get to school. Indiana Techis located in a city in Indiana.

Other Costs

When budgeting for college, don’t forget to take into account the cost of things like entertainment, clothes, furnishings and toiletries.

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The Full Cost of Attending Indiana Tech

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Now, let’s look at the breakdown of all expenses, to get a better estimate of the actual cost of attending Indiana Tech.

How Much Does Indiana Tech Cost?

What will the cost of attending Indiana Tech be? Here is a breakdown of tuition and expenses.

2023 Total Tuition and Expenses
Tuition	$29,064
Room and Board	$13,856
Board Only	$3,390
Other expenses	$3,392

The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.

Total Estimated Costs
On-Campus	$46,808
Off-Campus	$36,342

The breakdowns above provide a good estimate of the total cost of attendance before financial aid and scholarships. Tuition and fees may vary depending on program, course level, location, and more.

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Indiana Tech Financial Aid

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The majority of Indiana Tech undergrads use financial aid to finance their education. In 2023, 983 of the 1,384 undergrads enrolled received financial aid. Indiana Tech meets 58% of the demonstrated financial need for undergraduates.

The average financial aid package for a full-time, first-year student is around $22,545 a year. Around 73% of Indiana Tech undergrads take out student loans to cover any remaining costs. Indiana Tech graduates who have student loans graduate with an average of $29,371 of student loan debt.

The average debt for each loan type varies.

Average Debt By Loan Type
Federal Loans	$24,722
Private Loans	$25,256

Most Common Loans for Indiana Tech Students
Federal Loans	71%
Private loans	15%

Most students take out institutional or government loans, because they tend to have lower interest rates and more flexible repayment options than private loans. Loans from the federal government can be subsidized or unsubsidized. Subsidized loans do not accrue interest during school, while unsubsidized loans begin accruing interest at the time the loan is issued. If students do no qualify for enough federal loans to cover the cost of tuition, some take out private loans. Parents can also take out ParentPLUS loans, which are government loans for parents who are helping their children pay for college.

The Free Application for Federal Student Aid (FAFSA) helps colleges determine how much financial need students and their familes have, so they can offer a financial aid package that meets, or come close to meeting, their need. For more information on Indiana Tech financial aid, keep reading, or visit their financial aid website.

Scholarships at Indiana Tech

Some students may receive grants and scholarships to help pay for college. Unlike loans, scholarships and grants do not have to be paid back.

In 2023, Indiana Tech awarded 703 need-based scholarships to students, giving away total of $6.3 million to help students with financial need cover the cost of school. An additional $11.47 million in merit-based scholarship money was awarded to students without demonstrated financial need.

Net Cost of Indiana Tech

The net price of college is the actual cost of attending a school for one year. Net cost is calculated by subtracting any scholarships, grants or other aid that does not need to be paid back from the total cost. Student loans are not part of the calculation, because they need to be repaid.

Now that we have a sense of the total estimated costs for Indiana Tech students, we can subtract the average financial aid package to find the estimated net cost. Net cost can vary depending on a students’ need and the financial aid award received.

When considering whether a school fits your budget, it is important to consider the estimated net cost, not just the sticker price of tuition. Often, schools with the highest tuition also offer the most generous aid packages, so estimate your net cost before eliminating a school because it does fit your budget.

The average amount of financial aid received by a full-time first year student with demonstrated need at Indiana Tech was $22,545 in 2023. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Indiana Tech seem more manageable.

Estimated Net Cost for Full-Time Students
On-Campus	$24,263
Off-Campus	$13,797

What will attending Indiana Tech really cost you? The answer depends on several factors.

As of 2011, colleges are required to have a net price calculator on their website to help prospective students and their families understand the actual cost of attending that school, based on their financial situation. You can find the Indiana Tech's net cost calculator on their website.

Indiana Tech Tuition Payment Plans

Some students choose to use payment plans to make the cost of tuition fit more comfortably in their budget.

Students cannot pay tuition in installments. Contact the financial aid office to verify this and discuss options.

IIT Tuition Waivers

Schools sometimes waiver tuition for certain groups, to make attending more affordable. Some schools offer tuition waivers for employees and their family members, underrepresented students, or military students. Even if you qualify for a waiver, other expenses and fees are the responsibility of the student.

Check the financial aid website for more information on payment plans and tuition waivers.

Indiana Tech's Endowment

An endowment is the total value of a school's investments, donations, and assets. Endowment is not necessarily an indicator of the quality of a school, but it can give you a sense of how much money a college can afford to invest in expanding programs, improving facilities, and supporting students.

Indiana Tech's endowment was valued at $123.2 million in 2023, compared to a national average of $905 million. The school spends $3,640 for each full-time student enrolled.

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Learn More About Indiana Tech

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Click below to find out more about the admissions requirements and deadlines, student life, academics, majors and more.

Overview

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