For the academic year 2022-2023, total 818 full-time, first-time students (93% of all freshmen) awarded any student financial aid. The headcount includes the number of full-time, first-time degree seeking beginning undergraduate students.
For all undergraduate students, total 1,324 students (60% of all students) received grants or scholarships and the average grant amount is $5,525. In addition, 1,160 students received student loans and the average loan amount is $7,660.
Below tables show the number and amount by source of financial aid at Institute of Technology.
For all undergraduate students, total 1,324 students (60% of all students) received grants or scholarships and the average grant amount is $5,525. In addition, 1,160 students received student loans and the average loan amount is $7,660.
Below tables show the number and amount by source of financial aid at Institute of Technology.
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Average Amount of Aid Received |
|---|---|---|---|
| Federal, state, local, institutional or other grant aid | 1,324 | 60% | $5,525 |
| Pell Grants | 1,214 | 55% | $4,530 |
| Federal Student Loans | 1,160 | 52% | $7,660 |
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Average Amount of Aid Received |
|---|---|---|---|
| Any Student Financial Aid | 818 | 93% | - |
| Grants or Scholarship from All Sources | 645 | 73% | $5,846 |
| Federal Grants | 629 | 71% | $5,332 |
| Pell Grants | 614 | 70% | $4,988 |
| Other Federal Grants | 498 | 56% | $585 |
| State/Local Grants | 49 | 6% | $7,929 |
| Institutional Grants | 8 | 1% | $3,601 |
| Student Loans | 722 | 82% | $7,931 |
| Federal Student Loans | 643 | 73% | $8,174 |
| Other Student Loans | 415 | 47% | $1,132 |
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