As mentioned, if one finds the fees and cost of living at IT to be on the higher side, the financial aid department of the varsity would be of huge assistance. They can assist students with scholarships, grants, and student loans as well. At the college, the average federal grant comes to be around $4,406, whereas the financial aid is $2,663. The college provides financial assistance in the form of state-level aid worth $4,898 and institutional aid worth $2,663. The need-based scholarships awarded to students admitted to Institute of Technology amount to $35,088,364 per annum. Meanwhile, the total non-need-based scholarships/grants awarded in a year total $18,662,855.