Fashion Institute of Technology

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2020 Undergraduate Tuition
$7,170
1.41% growth from 2019
2020 Average Net Price
$9,165
After Financial Aid
2018 Student Loan
2.04%
Default Rate
2020 Acceptance Rate
59%
4,354 Applicants
2020 Enrolled Students
8,191
87.2% Full-Time
2020 Graduation Rate
83%
1,084 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 (408 degrees awarded), Fashion & Apparel Design (239 degrees), and International Marketing (142 degrees).

In 2020, 3,795 degrees were awarded across all undergraduate and graduate programs at Fashion Institute of Technology. 84.8% of these degrees were awarded to women, and 15.2% awarded men. The most common race/ethnicity group of degree recipients was white (1,671 degrees), 2.23 times more than then the next closest race/ethnicity group, hispanic or latino (751 degrees).

The median undergraduate tuition at Fashion Institute of Technology is $7,170, which is $−15,360 less than the national average for Masters Colleges and Universities ($22,531).

Costs

The median undergraduate tuition at Fashion Institute of Technology is $7,170, which is $−15,360 less than the national average for Masters Colleges and Universities ($22,531).

After taking grants and loans into account, the average net price for students is $9,165.

In 2020, 50% of undergraduate students received federal grants, while 32% of undergraduate students received federal loans.

Student Expenses

Tuition Costs

$7,170
2020 Undergraduate Tuition

In 2020, the cost of tuition at Fashion Institute of Technology was $7,170. The cost of tuition at Fashion Institute of Technology is $−15,360 less than than the overall (public and private) national average for Masters Colleges and Universities ($22,531).

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

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Average Net Price

$9,165
2020 Value
6.29%
1 Year Growth

In 2020 Fashion Institute of Technology had an average net price — the price paid after factoring in grants and loans — of $9,165. Between 2019 and 2020, the average net price of Fashion Institute of Technology grew by 6.29%.

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.

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Other Student Expenses

$17,535
Room and Board
$1,850
Books and Supplies

The average yearly cost of room and board at Fashion Institute of Technology was of $17,535 in 2020. During the same period, the average yearly cost of books and supplies was $1,850. The cost of room and board increased by 1.81% between 2019 and 2020. 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.

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Financial Aid

Financial Aid by Income Level

50%
Of Undergraduates Receive Grants
32%
Of Undergraduates Receive Federal Loans

50% of undergraduate students at Fashion Institute of Technology received grants or loans in 2020. This represents a growth of 6.38% with respect to 2019, when 47% 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.

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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.
2.04%
2018 Default Rate
28
Number of Defaults

In 2018 the default rate for borrower's at Fashion Institute of Technology was 2.04%, which represents 28 out of the 1374 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.

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Admissions

Fashion Institute of Technology received 4,354 undergraduate applications in 2020, which represents a 2.03% annual decline. Out of those 4,354 applicants, 2,568 students were accepted for enrollment, representing a 59% acceptance rate.

There were 8,191 students enrolled at Fashion Institute of Technology in 2020, and N/A% of first-time enrollees submitted SAT scores with their applications.

Fashion Institute of Technology has an overall enrollment yield of 50.2%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

59%
Acceptance Rate in 2020
2,568
Accepted Out of 4,354

In 2020, the undergraduate acceptance rate of Fashion Institute of Technology was 59% (2,568 admissions from 4,354 applications). This is higher than the acceptance rate of 2019, which was 53.9%. Between 2019 and 2020, the number of applicants declined by −2.03%, while admissions grew by 7.22%.

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

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SAT Scores

N/A%
Submission Percentage
N/A
Scores Submitted

N/A% of enrolled first-time students at Fashion Institute of Technology in 2020 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.

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Enrollment

Fashion Institute of Technology has a total enrollment of 8,191 students. The full-time enrollment at Fashion Institute of Technology is 7,142 students and the part-time enrollment is 1,049. This means that 87.2% 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 40.8% White, 21.9% Hispanic or Latino, 12.4% Asian, 9.38% Black or African American, 4.16% Two or More Races, 0.134% Native Hawaiian or Other Pacific Islanders, and 0.122% American Indian or Alaska Native.

Students enrolled at Fashion Institute of Technology in full-time Undergraduate programs are most commonly White Female (34.7%), followed by Hispanic or Latino Female (17.7%) and Asian Female (10.6%). Students enrolled in full-time Graduate programs are most commonly White Female (29.5%), followed by Asian Female (7.95%) and Hispanic or Latino Female (5.11%).

Full-Time vs Part-Time Enrollment

87.2%
Full-Time Enrollment

The total enrollment at Fashion Institute of Technology, both undergraduate and graduate, is 8,191 students. The full-time enrollment at Fashion Institute of Technology is 7,142 and the part-time enrollment is 1,049. This means that 87.2% of students enrolled at Fashion Institute of Technology are enrolled full-time compared with 68.8% 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.

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Retention Rate over Time

88%
2020 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 88%. 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.

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity
  1. White
    3,340
  2. Hispanic or Latino
    1,794
  3. Asian
    1,016

The enrolled student population at Fashion Institute of Technology is 40.8% White, 21.9% Hispanic or Latino, 12.4% Asian, 9.38% Black or African American, 4.16% Two or More Races, 0.134% Native Hawaiian or Other Pacific Islanders, and 0.122% 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 52.6% White, 16.6% Hispanic or Latino, and 13% 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, 151 students (1.84%) did not report their race.

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Graduates

In 2020, 2639 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 (1,671 degrees awarded). There were 2.23 times more white graduates than the next closest race/ethnicity group, hispanic or latino (751 degrees).

The most common Bachelor's Degree concentration at Fashion Institute of Technology is Fashion Merchandising (408 degrees awarded), followed by Fashion & Apparel Design (239 degrees) and International Marketing (142 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 (1,596 degrees awarded), Human Sciences (147 degrees), and Business (1,330 degrees).

Workforce

Common Jobs by Major

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 (994,584 people), Other managers (768,640 people), Financial managers (499,072 people), Chief executives & legislators (389,167 people), and Firstline supervisors of retail sales workers (297,161 people).

The most specialized majors at Fashion Institute of Technology are Visual & Performing Arts (1,596 degrees awarded), Human Sciences (147 degrees), Business (1,330 degrees), Communication Technologies (17 degrees), and Interdisciplinary Studies (63 degrees).

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Highest Paying Jobs by Major

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, Chief executives & legislators, Physicians, Aircraft pilots & flight engineers, and Securities, commodities, & financial services sales agents

The most specialized majors at Fashion Institute of Technology are Visual & Performing Arts (1,596 degrees awarded), Human Sciences (147 degrees), Business (1,330 degrees), Communication Technologies (17 degrees), and Interdisciplinary Studies (63 degrees).

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Common Industries by Major

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 (759,276 people), Computer Systems Design (531,231 people), Banking & related activities (495,844 people), Colleges, universities & professional schools, including junior colleges (474,806 people), and Insurance carriers (413,121 people).

The most specialized majors at Fashion Institute of Technology are Visual & Performing Arts (1,596 degrees awarded), Human Sciences (147 degrees), Business (1,330 degrees), Communication Technologies (17 degrees), and Interdisciplinary Studies (63 degrees).

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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
  1. 408 degree-majorss awarded
  2. 239 degree-majorss awarded
  3. 142 degree-majorss awarded

In 2020, the most common bachelors degree concentration at Fashion Institute of Technology was Fashion Merchandising with 408 degrees awarded.

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

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Sex Breakdown for Common Majors

578
Degrees Awarded to Men
in 2020
3,217
Degrees Awarded to Women
in 2020

In 2020, 578 degrees were awarded to men at Fashion Institute of Technology, which is 0.18 times less than the number of degrees awarded to females (3,217).

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

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Most Common Male Majors

In 2020, 134 degrees were awarded to men at Fashion Institute of Technology in Fashion Merchandising, which is 0.143 times less than the 936 female recipients with that same degree.

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Most Common Female Majors

In 2020, 936 degrees were awarded to women at Fashion Institute of Technology in Fashion Merchandising, which is 6.99 times more than the 134 male recipients with that same degree.

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Diversity

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.
Asian Male
Highest Graduation Rate (90.9%)

The student demographic with the highest graduation rate at Fashion Institute of Technology is Male and Asian (90.9% graduation rate). Across all Masters Colleges and Universities, Asian Female students have the highest graduation rate (72.4%).

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, 0.277% of graduates (3 students) did not report their race.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity
  1. White
    1,671 degrees awarded
  2. Hispanic or Latino
    751 degrees awarded
  3. Asian
    448 degrees awarded

The most common race/ethnicity at Fashion Institute of Technology is white (1,671 degrees awarded). There were 2.23 times more white recipients than the next closest race/ethnicity group, hispanic or latino (751 degrees).

0.422% of degree recipients (16 students) did not report their race.

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Race & Ethnicity by Sex

Most Common Sex Demographic
  1. White Female
    1,464 degrees awarded
  2. Hispanic or Latino Female
    605 degrees awarded
  3. Asian Female
    369 degrees awarded

The most common race/ethnicity and sex grouping at Fashion Institute of Technology is white female (1,464 degrees awarded). There were 2.42 times more white female recipients than the next closest race/ethnicity group, hispanic or latino female (605 degrees).

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Operations

Fashion Institute of Technology has an endowment valued at nearly $41.9M, as of the end of the 2020 fiscal year. The return on its endowment was of $684k (1.63%), compared to the 3.19% average return ($1.26M on $39.6M) across all Masters Colleges and Universities.

In 2020, Fashion Institute of Technology had a total salary expenditure of $278M. Fashion Institute of Technology employs 79 Assistant professors, 67 Professors, and 65 Associate professors. Most academics at Fashion Institute of Technology are Female Assistant professors (51), Female Professors(37), and Female Associate professors (33).

The most common positions for non-instructional staff at Fashion Institute of Technology are: Office and Administrative Support, with 218 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 99 employees, and Business and Financial Operations with 74 employees.

Finances

Endowment

$41.9M
2020 Endowment
6.39%
growth from 2019

Fashion Institute of Technology has an endowment valued at about $41.9M, as of the end of the 2020 fiscal year. The endowment of Fashion Institute of Technology grew 6.39% from the previous year. The value of their endowment was $2.25M 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.

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Government Grants and Contracts

Grants & Contracts
  1. $167k - Federal
  2. $694k - State
  3. $532k - Local

As of 2020, Fashion Institute of Technology received $167k in grants and contracts from the federal government, $694k from state grants and contracts, and $532k from local grants and contracts.

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Expenses

Salary Expenditure

$108M
2020 Salaries
4.06%
decline from 2019

In 2020, Fashion Institute of Technology paid a median of $108M in salaries, which represents 38.8% of their overall expenditure ($278M) and a 4.06% decline from the previous year. This is compared to a 1.32% decline from 2018 and a 1.57% growth from 2017.

The median for similar Masters Colleges and Universities is 34.6M (40.9% of overall expenditures).

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Instructional Salaries

$23.1M
Instructional Salaries
212
Number of Employees

In 2020, Fashion Institute of Technology paid a total of $23.1M to 212 employees working as instructors, which represents 21.5% of all salaries paid.

This is compared to a median of $11M (31.8%) for similar Masters Colleges and Universities.

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Faculty and Staff

Occupations by Share

Assistant professor
Most Common Instructor
79 Employees
Office and Administrative Support
Most Common Non-Instructional Employee
218 Employees

In 2020, the most common positions for instructional staff at Fashion Institute of Technology were Assistant professor with 79 employees; Professor with 67 employees; and Professor with 65 employees.

In 2020, the most common positions for non-instructional staff at Fashion Institute of Technology were Office and Administrative Support with 218 employees; Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 99 employees; and Business and Financial Operations with 74 employees.

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Instructors by Academic Rank and Sex

Most Common Demographic
  1. Female Assistant professor
  2. Female Professor
  3. Female Associate professor

In 2020, the most common demographic for instructional staff at Fashion Institute of Technology was Female Assistant professor with 51 employees, Female Professor with 37 employees, and Female Associate professor with 33 employees.

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

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