The following information represents sample budgets based on the current rate of tuition for full-time graduate students starting Summer 2015; the tuition and fee estimates are based on full-time graduate enrollment which is 9 credits hours per semester. Please note, these sample budgets do not include summer term, only fall and spring semesters collectively.
Full-time graduate students for the 2016-2017 academic year:
Graduate programs in the Armour College of Engineering, Lewis College of Human Sciences, College of Science, and School of Applied Technology; for a break-down of the tuition and fees, please visit the Student Accounting Office website.*
Tuition Rate: $1,400 per credit hour
Tuition & Fees: $29,475
Room & Board: $13,275
Total Estimated First Year Tuition & Expenses: $42,750
Graduate programs in the Stuart School of Business (excludes MPA); for a break-down of the tuition and fees, please visit the Student Accounting Office website.*
Tuition Rate: $1,725 per credit hour
Tuition & Fees: $35,525
Room & Board: $13,275
Total Estimated First Year Tuition & Expenses: $48,800
Part-Time, Certificate, and Non-Degree graduate students for the 2016-2017 academic year*
Tuition Rate: $1,400 (non-business); $1,725 (business) per credit hour
Activity Fee: $40/per course
Student Service Fee: $155/per semester
New Student Fee: $250
Books and Supplies Estimate: $850
*These figures are only estimates. Visit the Student Accounting Office website for specifics about activity fees, health insurance, and other ancillary fees.
All full-time students, occupants of IIT residence halls, and international students on F-1 or J-1 visas are required to purchase IIT's student health insurance policy or to submit proof of equivalent insurance. For more information, visit the Student Health and Wellness Center or contact them directly at email@example.com or 312.567.7550.
For international applicants on an F-1 or J-1 visa, your financial support documents must show the total amount of tuition, housing, and fees listed above for one academic year for full-time graduate students before IIT can issue your I-20 or DS-2019.
IIT accepts proof of financial support in either of the following two formats:
- Bank official's signature and bank seal on IIT's Financial Support Form. Please read all instructions carefully to ensure that each required section of the form is complete.
- Original bank statement dated in the past six months, showing the required amount in your or your sponsor's bank account. The statement must be on the bank's letterhead and bear the bank official's signature and stamp (bank seal). If your education will be sponsored by someone other than yourself, you must additionally submit a notarized letter from your sponsor confirming their plans to pay for your graduate studies. The letter must be signed and dated within the past one year.
Admitted students will submit their financial support documents in the online Application Portal.
You may submit documents for up to three bank accounts that sum to the required total. Complete documentation (as indicated above) is required for each account or each sponsor. Proof of financial support may not include any frozen or locked funding. All monies must be readily available for use.
You may submit your financial support documents after being notified of admission, if you wish; however, an I-20 cannot be issued to any admitted student until valid documents have been received and approved by Graduate Admission. We encourage you to submit them as early as possible.
Immigration regulations stipulate that financial support documents must be no more than six months old at the time an I-20 is issued. If your documents have expired at the time your admission decision is made, you will be asked to submit current documents.
Exception: Students who are admitted to IIT with valid financial support documents and who subsequently defer their admission to a later term will not be required to submit new proof of financial support. A new I-20 will be issued based on the documents accepted for the original term of admission provided the document shows proof of funding for a tuition increase. If you are required to submit new financial documents you will be notified by Graduate Admission.