Fashion Institute of Technology

www.fitnyc.edu/

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2021 Undergraduate Tuition

$7,170

2021 Average Net Price

$8,637

After Financial Aid

2019 Student Loan

1.25%

Default Rate

2021 Acceptance Rate

51.7%

4,706 Applicants

2021 Enrolled Students

8,150

86.6% Full-Time

2021 Graduation Rate

82.1%

1,019 Graduates

About

Fashion Institute of Technology is a higher education institution located in New York County, NY. In 2021, the most popular Associates Degree concentrations at Fashion Institute of Technology were Fashion Merchandising (695 degrees awarded), Fashion & Apparel Design (329 degrees), and Commercial & Advertising Art (177 degrees).

In 2021, 3,706 degrees were awarded across all undergraduate and graduate programs at Fashion Institute of Technology. 85.1% of these degrees were awarded to women, and 14.9% awarded men. The most common race/ethnicity group of degree recipients was white (1,505 degrees), 1.97 times more than then the next closest race/ethnicity group, hispanic or latino (763 degrees).

The median undergraduate tuition at Fashion Institute of Technology is $7,170, which is $−16,014 less than the national average for Masters Colleges and Universities ($23,184).

Photo by Eden, Janine and Jim

Masters Colleges & Universities: Small Programs Masters Colleges and Universities

Costs

In 2021, the median undergraduate tuition at Fashion Institute of Technology is $7,170, which is $−16,014 less than the national average for Masters Colleges and Universities ($23,184).

After taking grants and loans into account, the average net price for students is $8,637.

In 2021, 50% of undergraduate students attending Fashion Institute of Technology received financial aid through grants. Comparatively, 28% of undergraduate students received financial aid through loans.

Tuition Costs

$7,170

2021 Undergraduate Tuition

In 2021, the cost of tuition at Fashion Institute of Technology was $7,170. The cost of tuition at Fashion Institute of Technology is $−16,014 less than than the overall (public and private) national average for Masters Colleges and Universities ($23,184).

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

Average Net Price

$8,637

2021 Value

5.76%

1 Year Growth

In 2021 Fashion Institute of Technology had an average net price — the price paid after factoring in grants and loans — of $8,637. Between 2020 and 2021, the average net price of Fashion Institute of Technology grew by 5.76%.

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

$17,788

Room and Board

$1,850

Books and Supplies

The average yearly cost of room and board at Fashion Institute of Technology was of $17,788 in 2021. The cost of room and board increased by 1.44% between 2020 and 2021.

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

50%

Undergraduates Receiving Financial Aid through Grants

28%

Undergraduates Receiving Financial Aid through Loans

50% of undergraduate students at Fashion Institute of Technology received financial aid through grants or loans in 2021. This represents a growth of 0% with respect to 2020, when 50% 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.

1.25%

2019 Default Rate

Number of Defaults

In 2019 the default rate for borrower's at Fashion Institute of Technology was 1.25%, which represents 18 out of the 1436 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 4,706 undergraduate applications in 2021, which represents a 8.08% annual growth. Out of those 4,706 applicants, 2,432 students were accepted for enrollment, representing a 51.7% acceptance rate.

There were 8,150 students enrolled at Fashion Institute of Technology in 2021.

Fashion Institute of Technology has an overall enrollment yield of 51.9%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

51.7%

Acceptance Rate in 2021

2,432

Accepted Out of 4,706

In 2021, the undergraduate acceptance rate of Fashion Institute of Technology was 51.7% (2,432 admissions from 4,706 applications). This is lower than the acceptance rate of 2020, which was 59%. Between 2020 and 2021, the number of applicants grew by 8.08%, while admissions declined by −5.3%..

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.

Enrollment

Fashion Institute of Technology had a total enrollment of 8,150 students in 2021. The full-time enrollment at Fashion Institute of Technology is 7,055 students and the part-time enrollment is 1,095. This means that 86.6% 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 40.7% White, 21.9% Hispanic or Latino, 12.9% Asian, 8.29% Black or African American, 4.43% Two or More Races, 0.172% Native Hawaiian or Other Pacific Islanders, and 0.135% American Indian or Alaska Native.

Students enrolled at Fashion Institute of Technology in full-time Undergraduate programs are most commonly White Female (34.9%), followed by Hispanic or Latino Female (17.8%) and Asian Female (10.9%). Students enrolled in full-time Graduate programs are most commonly White Female (32.8%), followed by Asian Female (7.22%) and Hispanic or Latino Female (6.11%).

Full-Time vs Part-Time Enrollment

86.6%

Full-Time Enrollment

The total enrollment at Fashion Institute of Technology in 2021, both undergraduate and graduate, is 8,150 students. The full-time enrollment at Fashion Institute of Technology is 7,055 and the part-time enrollment is 1,095. This means that 86.6% of students enrolled at Fashion Institute of Technology are enrolled full-time compared with 68.3% 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

86%

2021 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 86%. Compared with the full-time retention rate at similar Masters Colleges and Universities (73%), 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 (2021)

White
3,313 enrolled students
Hispanic or Latino
1,786 enrolled students
Asian
1,052 enrolled students

The enrolled student population at Fashion Institute of Technology is 40.7% White, 21.9% Hispanic or Latino, 12.9% Asian, 8.29% Black or African American, 4.43% Two or More Races, 0.172% Native Hawaiian or Other Pacific Islanders, and 0.135% 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% White, 16.9% Hispanic or Latino, and 12.8% 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, 47 students (0.577%) did not report their race.

Graduates

In 2021, 2,602 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 (1,505 degrees awarded). There were 1.97 times more white recipients than the next closest race/ethnicity group, hispanic or latino (763 degrees).

The most common Associates Degree concentration at Fashion Institute of Technology is Fashion Merchandising (695 degrees awarded), followed by Fashion & Apparel Design (329 degrees) and Commercial & Advertising Art (177 degrees).

In 2021, 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 (1,590 degrees awarded), Human Sciences (120 degrees), and Communication Technologies (24 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 (1,043,201 people), Other managers (736,367 people), Financial managers (474,650 people), Chief executives & legislators (375,992 people), and Elementary & middle school teachers (323,648 people).

The most specialized majors at Fashion Institute of Technology in 2021 are Visual & Performing Arts (1,590 degrees awarded), Human Sciences (120 degrees), Communication Technologies (24 degrees), Business (1,363 degrees), and Interdisciplinary Studies (11 degrees) (as of 2021).

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, Securities, commodities, & financial services sales agents, Aircraft pilots & flight engineers, and Magnetic resonance imaging technologists

The most specialized majors at Fashion Institute of Technology are Visual & Performing Arts (1,590 degrees awarded), Human Sciences (120 degrees), Communication Technologies (24 degrees), Business (1,363 degrees), and Interdisciplinary Studies (11 degrees) (as of 2021).

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 (758,270 people), Computer Systems Design (539,600 people), Banking & related activities (492,225 people), Colleges, universities & professional schools, including junior colleges (473,192 people), and General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (430,522 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 (2021)

Fashion Merchandising
695 degrees awarded
Fashion & Apparel Design
329 degrees awarded
Commercial & Advertising Art
177 degrees awarded

In 2021, the most common associates degree concentration at Fashion Institute of Technology was Fashion Merchandising with 695 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

552

Degrees Awarded to Men

in 2021

3,154

Degrees Awarded to Women

in 2021

In 2021, 552 degrees were awarded to men at Fashion Institute of Technology, which is 0.175 times less than the number of degrees awarded to females (3,154).

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

Most Common Male Majors

In 2021, 135 degrees were awarded to men at Fashion Institute of Technology in Fashion Merchandising, which is 0.143 times less than the 946 female recipients with that same degree.

Most Common Female Majors

In 2021, 946 degrees were awarded to men at Fashion Institute of Technology in Fashion Merchandising, which is 7.01 times more than the 135 male recipients with that same degree.

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.

American Indian or Alaska Native Male

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2021 at Fashion Institute of Technology is Male and American Indian or Alaska Native (100% graduation rate). Across all Masters Colleges and Universities, Asian Female students have the highest graduation rate (72.9%).

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, 0.0981% of graduates (1 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2021)

White
1,505 degrees awarded
Hispanic or Latino
763 degrees awarded
Asian
450 degrees awarded

The most common race/ethnicity at Fashion Institute of Technology is white (1,505 degrees awarded). There were 1.97 times more white recipients than the next closest race/ethnicity group, hispanic or latino (763 degrees).

1.75% of degree recipients (65 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2021)

White Female
1,302 degrees awarded
Hispanic or Latino Female
631 degrees awarded
Asian Female
372 degrees awarded

The most common race/ethnicity and sex grouping at Fashion Institute of Technology is white female (1,302 degrees awarded). There were 2.06 times more white female recipients than the next closest race/ethnicity group, hispanic or latino female (631 degrees).

Operations

Fashion Institute of Technology has an endowment valued at nearly $51.2M, as of the end of the 2021 fiscal year. The return on its endowment was of 368k (0.718%) compared to the 13.1% average return (6.61M on 50.4M) across all Masters Colleges and Universities.

In 2021, Fashion Institute of Technology had a total salary expenditure of 205M. Fashion Institute of Technology employs 70 Assistant professors, 64 Associate professors and 62 Professors. Most academics at Fashion Institute of Technology are Female Assistant professor (47), Female Professor (33), and Female Associate professor (33).

The most common positions for non-instructional staff at Fashion Institute of Technology are: Office and Administrative Support, with 200 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 91 employees, and Business and Financial Operations with 73 employees.

Endowment

$51.2M

2021 Endowment

22.3%

growth from 2020

Fashion Institute of Technology has an endowment valued at about $51.2M, as of the end of the 2021 fiscal year. The endowment of Fashion Institute of Technology grew 22.3% from the previous year. The value of their endowment was $781k 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

$98.5k - Federal
$593k - State
$532k - Local

As of 2021, Fashion Institute of Technology received $98.5k in grants and contracts from the federal government, $593k from state grants and contracts, and $532k from local grants and contracts.

Salary Expenditure

$107M

2021 Salaries

0.695%

decline from 2020

In 2021, Fashion Institute of Technology paid a median of $107M in salaries, which represents 52% of their overall expenditure ($205M) and a 0.695% decline from the previous year.

The median for similar Masters Colleges and Universities is 35.1M (41.3% of overall expenditures).

Instructional Salaries

$21.6M

Instructional Salaries

196

Number of Employees

In 2021, Fashion Institute of Technology paid a total of $21.6M to 196 employees working as instructors, which represents 20.2% of all salaries paid.

This is compared to a median of $11M (31.3%) for similar Masters Colleges and Universities.

Occupations by Share

Assistant professor

Most Common Instructor

70 Employees

Office and Administrative Support

Most Common Non-Instructional Employee

200 Employees

In 2021, the most common positions for instructional staff at Fashion Institute of Technology were Assistant professor with 70 employees, Associate professor with 64 employees, and Professor with 62 employees.

In 2021, the most common positions for non-instructional staff at Fashion Institute of Technology were Office and Administrative Support with 200 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 91 employees, and Business and Financial Operations with 73 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2021)

Female Assistant professor
Female Professor
Female Associate professor

In 2021, the most common demographic for instructional staff at Fashion Institute of Technology was Female Assistant professor with 47 employees, Female Professor with 33 employees, and Female Associate professor with 33 employees.

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