Previously awarded loans may be adjusted after a tuition scholarship notification. There is no temporary housing on campus for students who do not sign a housing contract. For current fees, students should contact Access, Card, and Parking Services at iit.edu/acaps or 312.567.8968. Graduate students registered for less than nine credit hours are considered part-time. All federal financial assistance is awarded on an annual basis, hence a FAFSA must be filed each academic year. Students may view their charges, due dates for these charges, payments, and credits from financial aid at any time. If students pay less than the total amount due by the respective due date, they will be assessed a monthly late payment fee of two percent on the remaining unpaid portion. Students are paid by the hour and receive a biweekly paycheck. All students who are on an F-1 or J-1 visa and are registered for at least one class, participants in the co-op program, research or teaching assistants, or occupants of university residence halls are required to purchase the student health insurance. All subsequent payments must be made by cashier’s check, money order, or credit card. Should a student's company refuse to pay this bill within the usual time frame for tuition deferment, the student will be personally responsible for this tuition and will be required to pay the bill in full. A tuition scholarship (TS) covers all or part of a student's tuition charges. One of the principles of need-based assistance is that students and their families are expected to help pay some of a student's educational expenses. The university ranked no. Illinois Institute of Technology participates in the Direct Loan program with the Department of Education. Estd 1890. All other published tuition and fee information should be considered an estimate and not the official published rates. However, students are responsible for reporting these payments and remitting any tax due with their personal income tax returns. Students have the option of paying the interest while enrolled or having the interest added to the principal upon graduation or after dropping to less than half-time enrollment. Illinois Tech Has One of the Best Freshman Retention Rates in the Country. A student may incur other fees and charges that are both mandatory and non-mandatory. Illinois Institute of Technology offers 71 graduate programs specialization. The tuition fee for Summer Courses at the graduate level is $1,575 per credit hour. All students who are registered for one billable hour are required to purchase the student health insurance policy or to submit proof of equivalent insurance before the end of the first week of classes. For more information, please contact the Office of Residence Life at housing@iit.edu or visit the website at iit.edu/housing. Illinois Institute of Technology establishes an account for each of its students for the purpose of charging tuition and fees, room and board, and other applicable university charges. The due date for all out-of-pocket payments will be posted each semester at iit.edu/student-accounting. Graduate assistants (GAs) receive partial support in the form of a stipend with no tuition support. Only full-time students are eligible for assistantships. Off-campus jobs will be with private, non-profit organizations or public agencies that provide community service work. New students should not wait for a final admission decision before filing the FAFSA. Illinois Institute of Technology, Chicago, Illinois. PLUS Loans enable parents and graduate students with good standing credit to borrow money to help cover educational expenses. Students should consult the Student Health and Wellness Center in IIT Tower, Suite 3D9-1, at 312.567.7550, or student.health@iit.edu, for further details. Students who fail to submit required sponsorship documentation to the Student Accounting Office in a timely manner will be held responsible for any outstanding balance on the student account, as well as penalty fees assessed to their accounts due to lack of payment. 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