Financial aid at IIT Chicago?

Hi guys, does anyone know the specifics of financial aid at IIT Chicago? My family is middle-income and I'm a bit uncertain about how financial aid might work at universities like this one. Any advice or suggestions would be appreciated!

I'd be happy to help you understand the financial aid aspect of Illinois Institute of Technology (IIT). For reference, IIT does meet about 84% of its students' demonstrated need, and the average financial aid package, including both grants and loans, is around $45,718.

The first step in determining your financial aid package is to complete the Free Application for Federal Student Aid (FAFSA). FAFSA data is used by colleges to determine your family’s Estimated Family Contribution (EFC) which is an index number that colleges use to determine how much financial aid you would receive, if you were to attend their school.

As a middle-income family, expect to receive a combination of grants, which don't need to be paid back, and loans, which do. You may also be offered work-study, which would provide you with a part-time job on campus to help cover costs.

Also, keep in mind that IIT offers merit scholarships to exceptional students. This is independent of your financial situation. These merit scholarships can be quite substantial and you are automatically considered for them when you apply to IIT.

Don't forget to utilize IIT's net price calculator which is available on their website. It's a tool that can give you a more precise estimate of what you might pay by taking into account your family's economic situation and your academic profile.

Lastly, remember to confirm all aid-related deadlines. Missing a deadline could cost you significantly. It's always best to apply early.

Hope this clarifies some things for you! Financial aid can be a bit complicated, but taking it one step at a time can make it more manageable.