Financial Aid at FIT
Financial Aid Amount Received
$7,275 (32.23% of tuition)
Percent of Financial Aid Received
47% of 7,843 students
3,733 undergraduate students (47% of all students) have received grants, scholarships, and/or federal student loans at Fashion Institute of Technology. The percentage of students who received financial aid lower compared to Public, 4-Years Colleges in New York.
Compared to similar schools in rankings such as CUNY York College and St. Thomas Aquinas College, the percentage of students who received financial aid is lower (the average of the schools is 69.67%).
Undergraduate Financial Aid by Type
The average amount of grants of scholarship aid is $7,275 and the average loan amount is $6,524. The average financial aid amount is 32.23% of tuition & fees based on out-of-state rate (tuition & fees: $22,572).
| Number Receiving Aid | Percent Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received | |
|---|---|---|---|---|
| Grant or scholarship aid | 3,733 | 47% | $27,156,746 | $7,275 |
| Pell Grants | 2,542 | 32% | $13,795,734 | $5,427 |
| Federal Students Loans | 2,475 | 31% | $16,147,430 | $6,524 |
Undergraduate Student Financial Aid Comparison Chart
First-time (full-time) Undergraduate Students Financial Aid
For the full-time, first-time undergraduate students (freshmen, in most cases), 592 students have received one or more types of financial aid at Fashion Institute of Technology.
The average amount of federal, state, local or institutional grant aid is $7,940 and the average amount of student loans awarded to full-time first-time undergraduate students is $9,587.
The following table shows the financial data by type of aid at Fashion Institute of Technology.
First-time Undergraduate Financial Aid by Type
| Number Receiving Aid | Percent Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received | |
|---|---|---|---|---|
| Any Financial Aid | 856 | 66% | - | - |
| Grant or scholarship aid | 592 | 46% | $4,700,475 | $7,940 |
| Federal Grants | 457 | 35% | $2,696,811 | $5,901 |
| Pell Grants | 457 | 35% | $2,613,086 | $5,718 |
| Other Federal Grants | 101 | 8% | $83,725 | $829 |
| State/Local Grants | 399 | 31% | $1,500,539 | $3,761 |
| Institutional Grants | 180 | 14% | $503,125 | $2,795 |
| Student Loans | 518 | 40% | $4,966,290 | $9,587 |
| Federal Student Loans | 514 | 40% | $2,698,269 | $5,250 |
| Other Student Loans | 95 | 7% | $2,268,021 | $23,874 |
Financial Aid by Income Level
The following table summarizes the number of schools receiving financial aid and its average amount by income levels at Fashion Institute of Technology.
| Income Level | # of Students | # of Students Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received |
|---|---|---|---|---|
| All Income Level | - | - | $3,460,762 | $7,708 |
| 0 - $30,000 | 158 | 157 | $1,958,488 | $12,395 |
| $30,001 - $48,000 | 88 | 88 | $896,823 | $10,191 |
| $48,001 - $75,000 | 62 | 60 | $350,604 | $5,655 |
| $75,001 - $110,000 | 44 | 36 | $168,011 | $3,818 |
| $110,001 - more | 97 | 21 | $86,836 | $895 |
Paid Tuition Rates by Residency
At Fashion Institute of Technology, for the first-time/full-time students, 264 students have paid in-state rate of tuition and 672 students have paid out-of-state tuition rate. In addition, 359 students have paid in-district rate of tuition.
| # of Students | |
|---|---|
| In-District Rate | 359 |
| In-State Rate | 264 |
| Out-of-State Rate | 672 |
| Un-known | 0 |
Number of Students by Living Arrangement (Freshmen)
At Fashion Institute of Technology, 167 full-time/first-time students live on-campus such as dormitory and campus-owned apartments, and 54 students live off-campus. In addition, 191 students live with their family.
| # of Students | |
|---|---|
| Living On-Campus | 167 |
| Living Off-Campus | 54 |
| Living with Family | 191 |
| Un-known | 8 |