Number Received Financial Aid (All Undergraduate)
730
Percent Received Financial Aid(All Undergraduate)
35%
Average Aid Amount
$7,041
Number Received Financial Aid (Freshmen)
659
Percent Received Financial Aid (Freshmen)
80%
Financial Aid Information at FIT
For the academic year 2023-2024, a total of 730 students (35% of undergraduate students) received one or more financial aid including grants, scholarships, and/or student loans. The average financial aid amount is $7,041. For freshmen (Full-time, first-time degree-seeking undergraduate students), 659 students (80% of enrolled students) received financial aid.
The 2025 undergraduate tuition & fees at Institute of Technology is $33,517, for reference.
All Undergraduate Students Financial Aid
For the academic year 2023-2024, a total of 730 students (35% of all students) have received grants or scholarships and the average received aid amount is $7,041. 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 | 730 | 35% | $7,041 |
| Pell Grants | 605 | 29% | $5,888 |
| Federal Student Loans | 677 | 33% | $7,949 |
Beginning Students Financial Aid
a total of 659 beginning students (80% of all freshmen) have received any financial aid and 654 students (79% 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 | 659 | 80% | - |
| Grants or Scholarship from All Sources | 431 | 52% | $6,977 |
| Federal Grants | 394 | 48% | $6,239 |
| Pell Grants | 394 | 48% | $6,043 |
| Other Federal Grants | 245 | 30% | $314 |
| State/Local Grants | 77 | 9% | $7,023 |
| Institutional Grants | 5 | 1% | $1,633 |
| Student Loans | 575 | 70% | $6,591 |
| Federal Student Loans | 415 | 50% | $8,005 |
| Other Student Loans | 389 | 47% | $1,202 |
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