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Sunday, December 22, 2024

Cost of college went up for all students at the Fashion Institute of Technology

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In-state tuition and fees rose 4.7 percent for 2018-19 at the Fashion Institute of Technology, according to recent data from the U.S. Department of Education.

New York residents paid $5,740 to attend the four-year public institution this year – $257 more than the $5,483 charged for 2017-18.

Non-residents paid 170.4 percent more than residents this year, or $15,520. Their price tag grew 4.4 percent from $14,863 in 2017-18.

About 57 percent of the school's undergraduate population are New York residents. About 34 percent are residents of other states and 9 percent are citizens of other countries.

Data shows 73 percent of full-time undergraduates who started school in 2015-16 received student financial aid in some form. In all, 577 students received grants or scholarships totaling $3.8 million and 501 students took out student loans totaling more than $3.9 million.

Including all undergraduates (8,767), 3,949 students used grants or scholarships totaling $24.6 million, and 2,995 students took out $20.2 million in federal student loans.

The cost of attending
Enrollment2015-162016-172017-182018-19Change in tuition and fees 2015-16 to 2018-19
In-state~4,997$5,230$5,335$5,483$5,7409.8%
Out-of-state~2,981$14,230$14,515$14,863$15,5209.1%

Undergraduate financial aid
The following data includes only full-time students who began an undergraduate program at the Fashion Institute of Technology in 2015-16.
Type of AidNumber of students receiving aidPercent receiving aidTotal amount of aid receivedAverage amount of aid per student
Federal grants41133%$2,012,585$4,897
State / local grant or scholarship42334%$1,561,142$3,691
Institutional grants or scholarships21817%$208,524$957
Grant or scholarship aid total57746%$3,782,251$6,555
Federal student loans49740%$2,612,510$5,257
Other student loans887%$1,331,285$15,128
Student loan aid50140%$3,943,795$7,872
Total student aid91573%--

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