I
Private 4 Year

Indiana Tech Tuition & Cost

Fort Wayne, Indiana

 0 Reviews

How much does it cost to attend?

Sticker Price
$42,794
Costs for Indiana Institute of Technology
Fee Cost
Tuition$27,530
Books and Supplies$0
Other Fees$470
Room and Board $10,416
Other Expenses Budget$4,378

Annual Prices

The annual list price to attend Indiana Institute of Technology on a full time basis for 2020/2021 is $42,794 for all students regardless of their residency. This fee is comprised of $27,530 for tuition, $10,416 room and board, $0 for books and supplies and $470 for other fees. Out of state tuition for Indiana Institute of Technology is $27,530, the same as Indiana residents.

All price data is sourced from the 2020/2021 U.S. Department of Education National Center for Education Statistics survey.

Net Price

Net price is indicative of what it actually costs to attend Indiana Institute of Technology when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2019/2020
$20,470
Net Price by Income Indiana Institute of Technology
Family Income Net Price Paid
$0 to $30,000$15,348
$30,001 to $48,000$16,938
$48,001 to $75,000$20,650
$75,001 to $110,000$24,077
$110,000+$22,610

The average reported annual net price for Indiana Institute of Technology for students receiving grants or scholarship aid was $20,470 in 2019/2020. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

Connect with Indiana Tech

Engage with counselors on a personal level to demonstrate your interest in their school and get answers to all of your admissions-related questions.

Sponsored by CollegeVine

Costs for Similar Colleges 

Financial Aid

100% of full-time undergrad Indiana Institute of Technology received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $20,568 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 92% of students received Federal Student Loans averaging $7,805 and 10% of undergrads took out private student loans averaging $10,776.

Finanical Aid Indiana Institute of Technology
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $20,568 100%
Institutional Grants and Scholarships $15,572 99%
Pell Grants $4,863 49%
Other Federal Grants $718 26%
State and Local Grants $7,453 32%
Federal Student Loans $7,805 92%
Other Student Loans $10,776 10%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Indiana Institute of Technology, we've modeled a ten year student loan with an original principal value of $88,260. The loan balance of $88,260 is a four year multiple of the $22,065 average net price. This is a estimate of what you could owe upon graduation if you were to qualify for average financial aid and what a degree really may cost. Should you not qualify for financial aid, you may owe significantly more when you graduate. Based on these assumptions, a monthly repayment of $842 could be required to satisfy your student loan.

Please note that financial aid is not guaranteed and is only available for qualifying students. Federal Student Loans are not grants and must be repaid with interest. The current Stafford loan interest rate is 2.75%.

Example Loan $88,260
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $842.10
Total Interest Paid $12,791.73
Sum of All Loan Payments $101,051.73

Projected 4 Year Degree Price

4 Year Sticker Price
$171,176
Year All Residents
1 $42,794
2 $43,593
3 $44,406
4 $45,235

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Indiana Institute of Technology to be $171,176 - assuming graduation in normal time. The estimation assumes a 1.9% annual increase over the next 4 years which has been the recent trend for this school.

Credit Hour Cost and Price per Class

Credit Hour and Class Costs at Indiana Institute of Technology
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $541 $1,623 $2,164

Estimated cost for a class at Indiana Institute of Technology based on published credit hour prices. Note that not all schools allow single class enrollment. These prices should be used for comparison purposes as to how much it may cost to take a class at Indiana Institute of Technology versus other colleges.

Tuition Payment Plans Available

Indiana Institute of Technology Payment Plans
Tuition Payment Plan Yes
Prepaid Tuition Plan No
Alternative Tuition Plan Yes
Guaranteed Tuition Plan No

Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=151290 IPEDS survey data for Indiana Institute of Technology.