The Illinois Institute of Technology (IIT) in Chicago is a private research university. Founded in 1940 through the merger of several institutions, it operates independently and is funded primarily through tuition, donations, and research grants rather than state government support.
As a private institution, IIT has greater autonomy in curriculum design, admissions policies, and funding allocation compared to public universities. It is known for its STEM-focused programs and emphasizes innovation, entrepreneurship, and hands-on learning. Private status allows IIT to set its own tuition rates, which are typically higher than public alternatives, though financial aid options are available.
