Private 4 Year

New England Tech Tuition & Cost

Warwick, Rhode Island

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How much does it cost to attend?

Sticker Price
Costs for New England Institute of Technology
Fee Cost
Books and Supplies$1,521
Other Fees$1,740
Estimated Off Campus Cost of Living $16,125
Other Expenses Budget$4,701

Annual Prices

The annual list price to attend New England Institute of Technology on a full time basis for 2018/2019 is $53,187 for all students regardless of their residency. This fee is comprised of $29,100 for tuition, $16,125 room and board, $1,521 for books and supplies and $1,740 for other fees. Out of state tuition for New England Institute of Technology is $29,100, the same as Rhode Island residents.

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 New England 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
Net Price by Income New England Institute of Technology
Family Income Net Price Paid
$0 to $30,000$27,558
$30,001 to $48,000$28,514
$48,001 to $75,000$31,702
$75,001 to $110,000$36,802

The average reported annual net price for New England Institute of Technology for students receiving grants or scholarship aid was $31,704 in 2018/2019. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

Costs for Similar Colleges

Financial Aid

90% of full-time undergrad New England 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 $11,373 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 83% of students received Federal Student Loans averaging $6,184 and 20% of undergrads took out private student loans averaging $19,679.

Finanical Aid New England Institute of Technology
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $11,373 90%
Institutional Grants and Scholarships $8,349 88%
Pell Grants $5,130 52%
Other Federal Grants $222 49%
State and Local Grants $684 28%
Federal Student Loans $6,184 83%
Other Student Loans $19,679 20%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to New England Institute of Technology, we've modeled a ten year student loan with an original principal value of $103,876. The loan balance of $103,876 is a four year multiple of the $25,969 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 $991 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 $103,876
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $991.09
Total Interest Paid $15,054.99
Sum of All Loan Payments $118,930.99

Projected 4 Year Degree Price

4 Year Sticker Price
Year All Residents
1 $53,187
2 $57,450
3 $62,054
4 $67,027

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at New England Institute of Technology to be $212,748 - assuming graduation in normal time. The estimation assumes a 8% 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 New England Institute of Technology
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $395 $1,185 $1,580

Estimated cost for a class at New England 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 New England Institute of Technology versus other colleges.

Tuition Payment Plans Available

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

Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=217305 IPEDS survey data for New England Institute of Technology.