Number Received Financial Aid (All Undergraduate)
1,324
Percent Received Financial Aid(All Undergraduate)
60%
Average Aid Amount
$5,525
Number Received Financial Aid (Freshmen)
818
Percent Received Financial Aid (Freshmen)
93%
Financial Aid Information at FIT
For the academic year 2021-2022, a total of 1,324 students (60% of undergraduate students) received one or more financial aid including grants, scholarships, and/or student loans. The average financial aid amount is $5,525. For freshmen (Full-time, first-time degree-seeking undergraduate students), 818 students (93% of enrolled students) received financial aid.
The 2024 undergraduate tuition & fees at Institute of Technology is $33,474, for reference.
All Undergraduate Students Financial Aid
For the academic year 2021-2022, a total of 1,324 students (60% of all students) have received grants or scholarships and the average received aid amount is $5,525. It includes federal, state, local, institutional, or other sources of grant aid. The following table describes the financial aid statistics by aid types at Institute of Technology for all undergraduate students.
| 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 |
Beginning Students Financial Aid
a total of 818 beginning students (93% of all freshmen) have received any financial aid and 815 students (92% of all freshmen) awarded any student loans. The headcount includes the number of full-time, first-time degree-seeking beginning undergraduate students. The below table shows the number and amount by the source of financial aid at Institute of Technology.
| 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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