F
Public 4 Year

FIT Tuition & Cost

New York, New York

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How much does it cost to attend?

In State New York Resident Sticker Price
$24,666
In State Costs for Fashion Institute of Technology
Fee Cost
Tuition$5,190
Books and Supplies$1,850
Other Fees$920
Room and Board $14,556
Other Expenses Budget$2,150
Out of State Resident Sticker Price
$35,046
Out of State Costs for Fashion Institute of Technology
Fee Cost
Tuition$15,570
Books and Supplies$1,850
Other Fees$920
Room and Board $14,556
Other Expenses Budget$2,150

Residents of New York pay an annual total price of $24,666 to attend Fashion Institute of Technology on a full time basis. This fee is comprised of $5,190 for tuition, $14,556 room and board, $1,850 for books and supplies and $920 for other fees.

Out of state residents are charged a total cost of $35,046 which is 42.1% higher than New York residents. The tuition charge is $15,570 while room and board is $14,556, books and supplies are $1,850 and other fees come in at $920.

All price data is sourced from the 2019/2020 U.S. Department of Education National Center for Education Statistics survey.
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Net Price

Net price is indicative of what it actually costs to attend Fashion Institute of Technology when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2018/2019
$8,623
Net Price by Income Fashion Institute of Technology
Family Income Net Price Paid
$0 to $30,000$7,123
$30,001 to $48,000$9,399
$48,001 to $75,000$11,644
$75,001 to $110,000$12,082
$110,000+$17,555

The average reported annual net price for Fashion Institute of Technology for students receiving grants or scholarship aid was $8,623 in 2018/2019. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

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Costs for Similar Colleges

Financial Aid

49% of full-time undergrad Fashion Institute of Technology received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $6,858 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 38% of students received Federal Student Loans averaging $5,391 and 7% of undergrads took out private student loans averaging $16,793.

Finanical Aid Fashion Institute of Technology
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $6,858 49%
Institutional Grants and Scholarships $875 17%
Pell Grants $5,123 37%
Other Federal Grants $817 8%
State and Local Grants $3,593 35%
Federal Student Loans $5,391 38%
Other Student Loans $16,793 7%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Fashion Institute of Technology, we've modeled a ten year student loan with an original principal value of $39,272. The loan balance of $39,272 is a four year multiple of the $9,818 average net price. This is a estimate of what you could owe upon graduation if you were to qualify for average financial aid and what a degree really may cost. Should you not qualify for financial aid, you may owe significantly more when you graduate. Based on these assumptions, a monthly repayment of $375 could be required to satisfy your student loan.

Please note that financial aid is not guaranteed and is only available for qualifying students. Federal Student Loans are not grants and must be repaid with interest. The current Stafford loan interest rate is 2.75%.

Example Loan $39,272
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $374.70
Total Interest Paid $5,691.78
Sum of All Loan Payments $44,963.78

Projected 4 Year Degree Price

4 Year Sticker Price
$98,664
Year New York Residents Non Residents
1 $24,666 $35,046
2 $25,422 $36,121
3 $26,202 $37,228
4 $27,006 $38,370

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Fashion Institute of Technology to be $98,664 - assuming graduation in normal time. The estimation assumes a 3.1% annual increase over the next 4 years which has been the recent trend for this school.

Credit Hour Cost and Price per Class

Credit Hour and Class Costs at Fashion Institute of Technology
Price Per Credit 3 Credit Class 4 Credit Class
New York Residents $295 $885 $1,180
Out of State Residents $891 $2,673 $3,564

Estimated cost for a class at Fashion Institute of Technology based on published credit hour prices. Note that not all schools allow single class enrollment. These prices should be used for comparison purposes as to how much it may cost to take a class at Fashion Institute of Technology versus other colleges.

Tuition Payment Plans Available

Fashion Institute of Technology Payment Plans
Tuition Payment Plan Yes
Prepaid Tuition Plan No
Alternative Tuition Plan Yes
Guaranteed Tuition Plan No

Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=191126 IPEDS survey data for Fashion Institute of Technology.