Fashion Institute of Technology

www.fitnyc.edu

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2023 Undergraduate Tuition

$7,170

2023 Average Net Price

$19,649

After Financial Aid

2020 Default Rate

on Student Loans

2023 Acceptance Rate

57.6%

4,326 Applicants

2023 Enrolled Students

8,108

86.5% Full-Time

2023 Graduation Rate

83.3%

1,040 Graduates

About

Fashion Institute of Technology is a higher education institution located in New York County, NY. In 2023, the most popular Associates Degree concentrations at Fashion Institute of Technology were Fashion Merchandising (660 degrees awarded), Communication Management And Strategic Communications (350 degrees), and Fashion & Apparel Design (349 degrees).

In 2023, 3,705 degrees were awarded across all undergraduate and graduate programs at Fashion Institute of Technology. 83.3% of these degrees were awarded to women, and 16.7% awarded men. The most common race/ethnicity group of degree recipients was white (1,441 degrees), 1.78 times more than then the next closest race/ethnicity group, hispanic or latino (810 degrees).

The median undergraduate tuition at Fashion Institute of Technology is $7,170, which is $−17,405 less than the national average for Masters Colleges and Universities ($24,575).

In 2020 the default rate for borrower's at Fashion Institute of Technology was 0%, corresponding to 0 out of the 1,397 total borrowers.

Photo by Eden, Janine and Jim

Masters Colleges & Universities: Small Programs Masters Colleges and Universities

Costs

In 2023, the median undergraduate tuition at Fashion Institute of Technology is $7,170, which is $17,405 less than the national average for Masters Colleges and Universities ($24,575).

After taking grants and loans into account, the average net price for students is $19,649.

In 2023, 47% of undergraduate students attending Fashion Institute of Technology received financial aid through grants. Comparatively, 31% of undergraduate students received financial aid through loans.

Tuition Costs

$7,170

2023 Undergraduate Tuition

In 2023, the cost of tuition at Fashion Institute of Technology was $7,170. The cost of tuition at Fashion Institute of Technology is $−17,405 less than than the overall (public and private) national average for Masters Colleges and Universities ($24,575).

This chart compares the tuition costs of Fashion Institute of Technology (in red) with those of other similar universities.

Average Net Price

$19,649

2023 Value

5.99%

1 Year Growth

In 2023 Fashion Institute of Technology had an average net price — the price paid after factoring in grants and loans — of $19,649. Between 2022 and 2023, the average net price of Fashion Institute of Technology grew by 5.99%.

This chart compares the average net price of Fashion Institute of Technology (in red) with that of other similar universities.

Average net price is calculated from full-time beginning undergraduate students who were awarded a grant or scholarship from federal, state or local governments, or the institution.

Other Student Expenses

$27,000

Room and Board

$1,850

Books and Supplies

The average yearly cost of room and board at Fashion Institute of Technology was of $27,000 in 2023. The cost of room and board did not change between 2022 and 2023.

During the same period, the average yearly cost of books and supplies was $1,850. The cost of books and supplies did not change during the same period.

This chart compares the average student costs at Fashion Institute of Technology (in red) with that of similar universities.

Financial Aid by Income Level

47%

Undergraduates Receiving Financial Aid through Grants

31%

Undergraduates Receiving Financial Aid through Loans

47% of undergraduate students at Fashion Institute of Technology received financial aid through grants or loans in 2023. This represents a decline of 17.5% with respect to 2022, when 57% of undergraduate students received financial aid.

This chart compares the average award discount at Fashion Institute of Technology (in red) with that of other similar universities.

The average award discount is the ratio between the average grant or scholarship value, and the cost, which is the sum of out-of-state tuition, room, board, book, supplies, and other expenses.

Student Loan Default Rate

Cohort default rates only account for borrowers who default in the first three years, and some schools only have a small proportion of borrowers entering repayment. These rates should be interpreted with caution, as they may not be reflective of the entire school population.

2020 Default Rate

Number of Defaults

In 2020 the default rate for borrower's at Fashion Institute of Technology was 0%, which represents 0 out of the 1397 total borrowers.

A cohort default rate is the percentage of a school's borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year.

Admissions

Fashion Institute of Technology received 4,326 undergraduate applications in 2023, which represents a 7.35% annual growth. Out of those 4,326 applicants, 2,492 students were accepted for enrollment, representing a 57.6% acceptance rate.

There were 8,108 students enrolled at Fashion Institute of Technology in 2023.

Fashion Institute of Technology has an overall enrollment yield of 53%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

57.6%

Acceptance Rate in 2023

2,492

Accepted Out of 4,326

In 2023, the undergraduate acceptance rate of Fashion Institute of Technology was 57.6% (2,492 admissions from 4,326 applications). This is higher than the acceptance rate of 2022, which was 52.8%. Between 2022 and 2023, the number of applicants declined by 7.35%, while admissions grew by 1.1%.

This chart compares the acceptance rate of Fashion Institute of Technology (in red) with that of other similar universities, and the chart below shows the acceptance rate by gender.

SAT Scores

N/A% of enrolled first-time students at Fashion Institute of Technology in false submitted SAT scores with their applications.

The following chart shows the average SAT scores for the 25th, 50th, and 75th percentile of applicants for each section of the test that they are evaluated on.

Enrollment

Fashion Institute of Technology had a total enrollment of 8,108 students in 2023. The full-time enrollment at Fashion Institute of Technology is 7,014 students and the part-time enrollment is 1,094. This means that 86.5% of students enrolled at Fashion Institute of Technology are enrolled full-time.

The enrolled student population at Fashion Institute of Technology, both undergraduate and graduate, is 38.2% White, 22.7% Hispanic or Latino, 12.7% Asian, 8.83% Black or African American, 4.67% Two or More Races, 0.173% American Indian or Alaska Native, and 0.16% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Fashion Institute of Technology in full-time Undergraduate programs are most commonly White Female (32.6%), followed by Hispanic or Latino Female (18.2%) and Asian Female (11%). Students enrolled in full-time Graduate programs are most commonly White Female (29.7%), followed by Asian Female (9.3%) and Hispanic or Latino Female (5.68%).

Full-Time vs Part-Time Enrollment

86.5%

Full-Time Enrollment

The total enrollment at Fashion Institute of Technology in 2023, both undergraduate and graduate, is 8,108 students. The full-time enrollment at Fashion Institute of Technology is 7,014 and the part-time enrollment is 1,094. This means that 86.5% of students enrolled at Fashion Institute of Technology are enrolled full-time compared with 68.2% at similar Masters Colleges and Universities.

This chart shows the full-time vs part-time enrollment status at Fashion Institute of Technology (in red) compares to similar universities.

Retention Rate over Time

89%

2023 Retention Rate

Retention rate measures the number of first-time students who began their studies the previous fall and returned to school the following fall. The retention rate for full-time undergraduates at Fashion Institute of Technology was 89%. Compared with the full-time retention rate at similar Masters Colleges and Universities (74%), Fashion Institute of Technology had a retention rate higher than its peers.

This chart shows the retention rate over time at Fashion Institute of Technology (highlighted in red) compares to similar universities.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2023)

White
3,101 enrolled students
Hispanic or Latino
1,840 enrolled students
Asian
1,033 enrolled students

The enrolled student population at Fashion Institute of Technology is 38.2% White, 22.7% Hispanic or Latino, 12.7% Asian, 8.83% Black or African American, 4.67% Two or More Races, 0.173% American Indian or Alaska Native, and 0.16% Native Hawaiian or Other Pacific Islanders. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Masters Colleges and Universities is 50.1% White, 17.7% Hispanic or Latino, and 13.4% Black or African American.

Any student who is studying in the United States on a temporary basis is categorized as a "Non-Resident Alien", and the share of those students are shown in the chart below. Additionally, 38 students (0.469%) did not report their race.

Graduates

In 2023, 2,469 more women than men received degrees from Fashion Institute of Technology. The most common race/ethnicity group of degree recipients at Fashion Institute of Technology is white (1,441 degrees awarded). There were 1.78 times more white recipients than the next closest race/ethnicity group, hispanic or latino (810 degrees).

The most common Associates Degree concentration at Fashion Institute of Technology is Fashion Merchandising (660 degrees awarded), followed by Communication Management And Strategic Communications (350 degrees) and Fashion & Apparel Design (349 degrees).

In 2023, the most specialized majors across all degree types at Fashion Institute of Technology, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Visual & Performing Arts (1,610 degrees awarded), Communications (625 degrees), and Human Sciences (111 degrees).

Common Jobs by Major

Accountants & auditors

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Fashion Institute of Technology are Accountants & auditors (1,038,315 people), Other managers (895,560 people), Financial managers (544,714 people), Chief executives & legislators (451,957 people), and Elementary & middle school teachers (325,846 people).

The most specialized majors at Fashion Institute of Technology in 2023 are Visual & Performing Arts (1,610 degrees awarded), Communications (625 degrees), Human Sciences (111 degrees), Business (1,316 degrees), and Communication Technologies (21 degrees) (as of 2023).

Highest Paying Jobs by Major

Surgeons

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Fashion Institute of Technology are Surgeons, Physicians, Financial examiners, Podiatrists, and Securities, commodities, & financial services sales agents

The most specialized majors at Fashion Institute of Technology are Visual & Performing Arts (1,610 degrees awarded), Communications (625 degrees), Human Sciences (111 degrees), Business (1,316 degrees), and Communication Technologies (21 degrees) (as of 2023).

Common Industries by Major

Elementary & secondary schools

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Fashion Institute of Technology are Elementary & secondary schools (784,472 people), Computer Systems Design (587,704 people), Banking & related activities (498,803 people), Colleges, universities & professional schools, including junior colleges (488,944 people), and General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (439,044 people).

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Fashion Institute of Technology.

Most Common (2023)

Fashion Merchandising
660 degrees awarded
Communication Management And Strategic Communications
350 degrees awarded
Fashion & Apparel Design
349 degrees awarded

In 2023, the most common associates degree concentration at Fashion Institute of Technology was Fashion Merchandising with 660 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from associates degree programs at Fashion Institute of Technology according to their major.

Sex Breakdown for Common Majors

618

Degrees Awarded to Men

in 2023

3,087

Degrees Awarded to Women

in 2023

In 2023, 618 degrees were awarded to men at Fashion Institute of Technology, which is 0.2 times less than the number of degrees awarded to females (3,087).

This chart displays the sex disparity between the top 5 majors at Fashion Institute of Technology by degrees awarded.

Most Common Male Majors

In 2023, 150 degrees were awarded to men at Fashion Institute of Technology in Fashion Merchandising, which is 0.164 times less than the 916 female recipients with that same degree.

Most Common Female Majors

In 2023, 916 degrees were awarded to men at Fashion Institute of Technology in Fashion Merchandising, which is 6.11 times more than the 150 male recipients with that same degree.

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.

Black or African American Male

Highest Graduation Rate (94.1%)

The student demographic with the highest graduation rate in 2023 at Fashion Institute of Technology is Male and Black or African American (94.1% graduation rate). Across all Masters Colleges and Universities, Non-resident Alien Male students have the highest graduation rate (65.7%).

The department of education defines graduation rate as the percentage of full-time, first-time students who received a degree or award within 150% of "normal time" to completion.

The National Center for Education Statistics (NCES) categorizes any student who is studying in the United States on a temporary basis as a "Non-Resident Alien", and the graduation rate of those students is shown in the chart below. Additionally, 0.673% of graduates (7 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2023)

White
1,441 degrees awarded
Hispanic or Latino
810 degrees awarded
Asian
478 degrees awarded

The most common race/ethnicity at Fashion Institute of Technology is white (1,441 degrees awarded). There were 1.78 times more white recipients than the next closest race/ethnicity group, hispanic or latino (810 degrees).

1.3% of degree recipients (48 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2023)

White Female
1,217 degrees awarded
Hispanic or Latino Female
649 degrees awarded
Asian Female
409 degrees awarded

The most common race/ethnicity and sex grouping at Fashion Institute of Technology is white female (1,217 degrees awarded). There were 1.88 times more white female recipients than the next closest race/ethnicity group, hispanic or latino female (649 degrees).

Operations

Fashion Institute of Technology has an endowment valued at nearly $51.3M, as of the end of the 2023 fiscal year. The return on its endowment was of 2.82M (5.5%) compared to the 5.72% average return (2.84M on 49.7M) across all Masters Colleges and Universities.

In 2023, Fashion Institute of Technology had a total salary expenditure of 227M. Fashion Institute of Technology employs 84 Assistant professors, 63 Associate professors and 58 Professors. Most academics at Fashion Institute of Technology are Female Assistant professor (54), Female Associate professor (35), and Male Assistant professor (30).

The most common positions for non-instructional staff at Fashion Institute of Technology are: Office and Administrative Support, with 191 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 84 employees, and Business and Financial Operations with 72 employees.

Endowment

$51.3M

2023 Endowment

6.42%

growth from 2022

Fashion Institute of Technology has an endowment valued at about $51.3M, as of the end of the 2023 fiscal year. The endowment of Fashion Institute of Technology grew 6.42% from the previous year. The value of their endowment was $1.62M higher than than the median endowment of Masters Colleges and Universities according to the Carnegie Classification grouping.

This line chart shows how the endowment at Fashion Institute of Technology (in red) compares to that of some similar universities.

The small bar chart below shows the endowment quintiles for all universities in the Masters Colleges & Universities: Small Programs Carnegie Classification grouping.

Government Grants and Contracts

Grants & Contracts

$227k - Federal
$2.24M - State
$658k - Local

As of 2023, Fashion Institute of Technology received $227k in grants and contracts from the federal government, $2.24M from state grants and contracts, and $658k from local grants and contracts.

Salary Expenditure

$109M

2023 Salaries

11%

decline from 2022

In 2023, Fashion Institute of Technology paid a median of $109M in salaries, which represents 48.2% of their overall expenditure ($227M) and a 11% decline from the previous year. This is compared to a 14.8% growth between 2021 and 2022, and a 0.695% decline between 2020 and 2021.

The median for similar Masters Colleges and Universities is 36.1M (39.6% of overall expenditures).

Instructional Salaries

$23.3M

Instructional Salaries

205

Number of Employees

In 2023, Fashion Institute of Technology paid a total of $23.3M to 205 employees working as instructors, which represents 21.3% of all salaries paid.

This is compared to a median of $1.12M (2.97%) for similar Masters Colleges and Universities.

Occupations by Share

Assistant professor

Most Common Instructor

84 Employees

Office and Administrative Support

Most Common Non-Instructional Employee

191 Employees

In 2023, the most common positions for instructional staff at Fashion Institute of Technology were Assistant professor with 84 employees, Associate professor with 63 employees, and Professor with 58 employees.

In 2023, the most common positions for non-instructional staff at Fashion Institute of Technology were Office and Administrative Support with 191 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 84 employees, and Business and Financial Operations with 72 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2023)

Female Assistant professor
Female Associate professor
Male Assistant professor

In 2023, the most common demographic for instructional staff at Fashion Institute of Technology was Female Assistant professor with 54 employees, Female Associate professor with 35 employees, and Male Assistant professor with 30 employees.

This chart shows the sex split between each academic rank present at Fashion Institute of Technology.

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