Fashion Institute of Technology

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2017 Undergraduate Tuition

$6,670

3.09% growth from 2016

2017 Average Net Price

$10,389

After Financial Aid

2016 Student Loan

4.31%

Default Rate

2017 Acceptance Rate

47%

4,739 Applicants

2017 Enrolled Students

8,846

83% Full-Time

2017 Graduation Rate

76.8%

862 Graduates

About

Fashion Institute of Technology is a higher education institution located in New York County, NY. In 2016, the most popular Bachelor's Degree concentrations at Fashion Institute of Technology were Fashion Merchandising (430 degrees awarded), Advertising (286 degrees), and Fashion & Apparel Design (254 degrees).

In 2017, 3,754 degrees were awarded across all undergraduate and graduate programs at Fashion Institute of Technology. 87.3% of these degrees were awarded to women, and 12.7% awarded men. The majority of degree recipients were white (1,806 degrees), 3.14 times more than then the next closest race/ethnicity group, hispanic or latino (575 degrees).

The median undergraduate tuition at Fashion Institute of Technology is $6,670, which is $-14,063 less than the national average for Masters Colleges and Universities ($20,733).

Photo by Eden, Janine and Jim

Masters Colleges & Universities: Small Programs Masters Colleges and Universities

Costs

The median undergraduate tuition at Fashion Institute of Technology is $6,670, which is $-14,063 less than the national average for Masters Colleges and Universities ($20,733).

After taking grants and loans into account, the average net price for students is $10,389.

In 2017, 42% of undergraduate students received federal grants, while 34% of undergraduate students received federal loans.

Student Expenses

Tuition Costs

$6,670

2017 Undergraduate Tuition

In 2017, the cost of tuition at Fashion Institute of Technology was $6,670. The cost of tuition at Fashion Institute of Technology is $-14,063 less than than the overall (public and private) national average for Masters Colleges and Universities ($20,733).

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

Average Net Price

$10,389

2017 Value

0.393%

1 Year Growth

In 2017 Fashion Institute of Technology had an average net price — the price paid after factoring in grants and loans — of $10,389. Between 2016 and 2017, the average net price of Fashion Institute of Technology grew by 0.393%.

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

$16,321

Room and Board

$1,850

Books and Supplies

The average yearly cost of room and board at Fashion Institute of Technology was of $16,321 in 2017. During the same period, the average yearly cost of books and supplies was $1,850. The cost of room and board increased by 0.694% between 2016 and 2017. The cost of books and supplies increased by 5.71% 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

Financial Aid by Income Level

42%

Of Undergraduates Receive Grants

34%

Of Undergraduates Receive Federal Loans

42% of undergraduate students at Fashion Institute of Technology received grants or loans in 2017. This represents a growth of 5% with respect to 2016, when 40% 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.

4.31%

2016 Default Rate

Number of Defaults

In 2016 the default rate for borrower's at Fashion Institute of Technology was 4.31%, which represents 63 out of the 1463 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 4,739 undergraduate applications in 2017, which represents a 2.31% annual growth. Out of those 4,739 applicants, 2,229 students were accepted for enrollment, representing a 47% acceptance rate.

There were 8,846 students enrolled at Fashion Institute of Technology in 2017, and N/A% of first-time enrollees submitted SAT scores with their applications.

Fashion Institute of Technology has an overall enrollment yield of 56.7%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

47%

Acceptance Rate in 2017

2,229

Accepted Out of 4,739

In 2017, the undergraduate acceptance rate of Fashion Institute of Technology was 47% (2,229 admissions from 4,739 applications). This is higher than the acceptance rate of 2016, which was 40.4%. Between 2016 and 2017, the number of applicants grew by 2.31%, while admissions grew by 19.1%.

This chart compares the acceptance rate of Fashion Institute of Technology (in red) with that of other similar universities.

SAT Scores

N/A%

Submission Percentage

N/A

Scores Submitted

N/A% of enrolled first-time students at Fashion Institute of Technology in 2017 submitted SAT scores with their applications.

This chart shows the SAT scores for the 25th and 75th percentile of applicants broken out into each section of the test that their are evaluated on.

Enrollment

Fashion Institute of Technology has a total enrollment of 8,846 students. The full-time enrollment at Fashion Institute of Technology is 7,341 students and the part-time enrollment is 1,505. This means that 83% 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 44.3% White, 18.8% Hispanic or Latino, 11.2% Asian, 9.27% Black or African American, 3.38% Two or More Races, 0.237% Native Hawaiian or Other Pacific Islanders, and 0.113% American Indian or Alaska Native.

Students enrolled at Fashion Institute of Technology in full-time Undergraduate programs are majority White Female (40%), followed by Hispanic or Latino Female (15%) and Asian Female (8.71%). Students enrolled in full-time Graduate programs are majority White Female (35.1%), followed by Hispanic or Latino Female (4.58%) and Asian Female (3.82%).

Full-Time vs Part-Time Enrollment

83%

Full-Time Enrollment

The total enrollment at Fashion Institute of Technology, both undergraduate and graduate, is 8,846 students. The full-time enrollment at Fashion Institute of Technology is 7,341 and the part-time enrollment is 1,505. This means that 83% of students enrolled at Fashion Institute of Technology are enrolled full-time compared with 68.6% 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%

2017 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 (75%), 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

White
3,923
Hispanic or Latino
1,659
Asian
991

The enrolled student population at Fashion Institute of Technology is 44.3% White, 18.8% Hispanic or Latino, 11.2% Asian, 9.27% Black or African American, 3.38% Two or More Races, 0.237% Native Hawaiian or Other Pacific Islanders, and 0.113% American Indian or Alaska Native. 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 54.4% White, 15% Hispanic or Latino, and 13.2% 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, 72 students (0.814%) did not report their race.

Graduates

In 2017, 2802 more women than men received degrees from Fashion Institute of Technology. The majority of degree recipients at Fashion Institute of Technology are white (1,806 degrees awarded). There were 3.14 times more white graduates than the next closest race/ethnicity group, hispanic or latino (575 degrees).

The most common Bachelor's Degree concentration at Fashion Institute of Technology is Fashion Merchandising (430 degrees awarded), followed by Advertising (286 degrees) and Fashion & Apparel Design (254 degrees).

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 (1,502 degrees awarded), Communications (618 degrees), and Human Sciences (131 degrees).

Workforce

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 (1,116,980 people), Other managers (743,835 people), Financial managers (443,173 people), Elementary & middle school teachers (410,066 people), and Chief executives & legislators (348,422 people).

The most specialized majors at Fashion Institute of Technology are Visual & Performing Arts (1,502 degrees awarded), Communications (618 degrees), Human Sciences (131 degrees), Business (1,474 degrees), and Communication Technologies (21 degrees).

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, Dentists, Magnetic resonance imaging technologists, Sales engineers, and Physicians

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 (795,083 people), Banking & related activities (529,660 people), Computer Systems Design (525,886 people), Colleges, universities & professional schools, including junior colleges (518,449 people), and Insurance carriers (424,058 people).

Degrees

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

Fashion Merchandising
430 degree-majorss awarded
Advertising
286 degree-majorss awarded
Fashion & Apparel Design
254 degree-majorss awarded

In 2017, the most common bachelors degree concentration at Fashion Institute of Technology was Fashion Merchandising with 430 degree-majorss awarded.

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

Gender Breakdown for Common Majors

Degrees Awarded to Men

476
3,278

In 2017, 476 degrees were awarded to men at Fashion Institute of Technology, which is 0.145 times less than the number of degrees awarded to females (3,278).

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

Most Common Male Majors

In 2017, 103 degrees were awarded to men at Fashion Institute of Technology in Fashion Merchandising, which is 0.0948 times less than the 1086 female recipients with that same degree.

Most Common Female Majors

In 2017, 1086 degrees were awarded to women at Fashion Institute of Technology in Fashion Merchandising, which is 10.5 times more than the 103 male recipients with that same degree.

Diversity

Graduation Rate by Race and Gender

Showing demographic groups with ≥ 5 graduating students.

Black or African American Female

Highest Graduation Rate (80.5%)

The student demographic with the highest graduation rate at Fashion Institute of Technology is Female and Black or African American (80.5% graduation rate). Across all Masters Colleges and Universities, Asian Female students have the highest graduation rate (68.1%).

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, 0.348% of graduates (3 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity

White
1,806 degrees awarded
Hispanic or Latino
575 degrees awarded
Asian
384 degrees awarded

The most common race/ethnicity at Fashion Institute of Technology is white (1,806 degrees awarded). There were 3.14 times more white recipients than the next closest race/ethnicity group, hispanic or latino (575 degrees).

0.453% of degree recipients (17 students) did not report their race.

Race & Ethnicity by Gender

Most Common Gender Demographic

White Female
1,613 degrees awarded
Hispanic or Latino Female
485 degrees awarded
Asian Female
327 degrees awarded

The most common race/ethnicity and gender grouping at Fashion Institute of Technology is white female (1,613 degrees awarded). There were 3.33 times more white female recipients than the next closest race/ethnicity group, hispanic or latino female (485 degrees).

Operations

Fashion Institute of Technology has an endowment valued at nearly $37.7M, as of the end of the 2017 fiscal year. The return on its endowment was of $795k (2.11%), compared to the 6.94% average return ($2.3M on $33.1M) across all Masters Colleges and Universities.

In 2017, Fashion Institute of Technology had a total salary expenditure of $230M. Fashion Institute of Technology employs 90 Assistant professors, 54 Associate professors, and 48 Professors. Most academics at Fashion Institute of Technology are Female Assistant professors (52), Male Assistant professors(38), and Male Associate professors (29).

The most common positions for non-instructional staff at Fashion Institute of Technology are: Office and Administrative Support, with 249 employees, Computer, Engineering, and Science, with 104 employees, and Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 78 employees.

Finances

Endowment

$37.7M

2017 Endowment

8.95%

growth from 2016

Fashion Institute of Technology has an endowment valued at about $37.7M, as of the end of the 2017 fiscal year. The endowment of Fashion Institute of Technology grew 8.95% from the previous year. The value of their endowment was $4.62M 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

$15.5k - Federal
$660k - State
$519k - Local

As of 2017, Fashion Institute of Technology received $15.5k in grants and contracts from the federal government, $660k from state grants and contracts, and $519k from local grants and contracts.

Expenses

Salary Expenditure

$112M

2017 Salaries

0.567%

growth from 2016

In 2017, Fashion Institute of Technology paid a median of $112M in salaries, which represents 48.8% of their overall expenditure ($230M) and a 0.567% growth from the previous year. This is compared to a 14.7% growth from 2015 and a 0.347% growth from 2014.

The median for similar Masters Colleges and Universities is 31.4M (40.5% of overall expenditures).

Instructional Salaries

$23.7M

Instructional Salaries

226

Number of Employees

In 2017, Fashion Institute of Technology paid a total of $23.7M to 226 employees working as instructors, which represents 21.2% of all salaries paid.

This is compared to a median of $10.4M (33%) for similar Masters Colleges and Universities.

Faculty and Staff

Occupations by Share

Assistant professor

Most Common Instructor

90 Employees

Office and Administrative Support

Most Common Non-Instructional Employee

249 Employees

In 2017, the most common positions for instructional staff at Fashion Institute of Technology were Assistant professor with 90 employees; Associate professor with 54 employees; and Associate professor with 48 employees.

In 2017, the most common positions for non-instructional staff at Fashion Institute of Technology were Office and Administrative Support with 249 employees; Computer, Engineering, and Science with 104 employees; and Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 78 employees.

Instructors by Academic Rank and Gender

Most Common Demographic

Female Assistant professor
Male Assistant professor
Male Associate professor

In 2017, the most common demographic for instructional staff at Fashion Institute of Technology was Female Assistant professor with 52 employees, Male Assistant professor with 38 employees, and Male Associate professor with 29 employees.

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

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