Fashion Institute of Technology

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2016 Undergraduate Tuition

$6,470

0% growth from 2015

2016 Average Net Price

$10,430

After Financial Aid

2015 Student Loan

3.71%

Default Rate

2016 Acceptance Rate

40.4%

4,632 Applicants

2016 Enrolled Students

9,261

81.1% Full-Time

2016 Graduation Rate

77.3%

812 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 (447 degrees awarded), Advertising (254 degrees), and Fashion & Apparel Design (249 degrees).

In 2016, 3,862 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 (1,899 degrees), 3.34 times more than then the next closest race/ethnicity group, hispanic or latino (568 degrees).

The median undergraduate tuition at Fashion Institute of Technology is $6,470, which is $-13,690 less than the national average for Masters Colleges and Universities ($20,160).

Costs

The median undergraduate tuition at Fashion Institute of Technology is $6,470, which is $-13,690 less than the national average for Masters Colleges and Universities ($20,160).

After taking grants and loans into account, the average net price for students is $10,430.

In 2016, 40% of undergraduate students received federal grants, while 35% of undergraduate students received federal loans.

Student Expenses

Tuition Costs

$6,470

2016 Undergraduate Tuition

In 2016, the cost of tuition at Fashion Institute of Technology was $6,470. The cost of tuition at Fashion Institute of Technology is $-13,690 less than than the overall (public and private) national average for Masters Colleges and Universities ($20,160).

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

$10,430

2016 Value

2.85%

1 Year Growth

In 2016 Fashion Institute of Technology had an average net price — the price paid after factoring in grants and loans — of $10,430. Between 2015 and 2016, the average net price of Fashion Institute of Technology grew by 2.85%.

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

$16,209

Room and Board

$1,750

Books and Supplies

The average yearly cost of room and board at Fashion Institute of Technology was of $16,209 in 2016. During the same period, the average yearly cost of books and supplies was $1,750. The cost of room and board increased by 0.802% between 2015 and 2016. 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

40%

Of Undergraduates Receive Grants

35%

Of Undergraduates Receive Federal Loans

40% of undergraduate students at Fashion Institute of Technology received grants or loans in 2016. This represents a decline of 2.44% with respect to 2015, when 41% 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.

3.71%

2015 Default Rate

57

Number of Defaults

In 2015 the default rate for borrower's at Fashion Institute of Technology was 3.71%, which represents 57 out of the 1535 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 4,632 undergraduate applications in 2016, which represents a 2.55% annual decline. Out of those 4,632 applicants, 1,872 students were accepted for enrollment, representing a 40.4% acceptance rate.

There were 9,261 students enrolled at Fashion Institute of Technology in 2016, and N/A% of first-time enrollees submitted SAT scores with their applications.

Fashion Institute of Technology has an overall enrollment yield of 67.9%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

40.4%

Acceptance Rate in 2016

1,872

Accepted Out of 4,632

In 2016, the undergraduate acceptance rate of Fashion Institute of Technology was 40.4% (1,872 admissions from 4,632 applications). This is lower than the acceptance rate of 2015, which was 41%. Between 2015 and 2016, the number of applicants declined by -2.55%, while admissions declined by -3.9%.

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 2016 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 9,261 students. The full-time enrollment at Fashion Institute of Technology is 7,515 students and the part-time enrollment is 1,746. This means that 81.1% 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 45.5% White, 17.6% Hispanic or Latino, 10.8% Asian, 9.21% Black or African American, 3.34% Two or More Races, 0.227% Native Hawaiian or Other Pacific Islanders, and 0.205% American Indian or Alaska Native.

Students enrolled at Fashion Institute of Technology in full-time Undergraduate programs are majority White Female (41.7%), followed by Hispanic or Latino Female (13.8%) and Asian Female (8.44%). Students enrolled in full-time Graduate programs are majority White Female (30%), followed by Hispanic or Latino Female (10%) and Asian Male (4.17%).

Full-Time vs Part-Time Enrollment

81.1%

Full-Time Enrollment

The total enrollment at Fashion Institute of Technology, both undergraduate and graduate, is 9,261 students. The full-time enrollment at Fashion Institute of Technology is 7,515 and the part-time enrollment is 1,746. This means that 81.1% of students enrolled at Fashion Institute of Technology are enrolled full-time compared with 68.7% 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

89%

2016 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.

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity

  1. White

    4,211

  2. Hispanic or Latino

    1,632

  3. Asian

    1,003

The enrolled student population at Fashion Institute of Technology is 45.5% White, 17.6% Hispanic or Latino, 10.8% Asian, 9.21% Black or African American, 3.34% Two or More Races, 0.227% Native Hawaiian or Other Pacific Islanders, and 0.205% 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 54.7% White, 14.3% Hispanic or Latino, and 13.3% 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, 84 students (0.907%) did not report their race.

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Graduates

In 2016, 2884 more women than men received degrees from Fashion Institute of Technology. The majority of degree recipients at Fashion Institute of Technology are white (1,899 degrees awarded). There were 3.34 times more white graduates than the next closest race/ethnicity group, hispanic or latino (568 degrees).

The most common Bachelor's Degree concentration at Fashion Institute of Technology is Fashion Merchandising (447 degrees awarded), followed by Advertising (254 degrees) and Fashion & Apparel Design (249 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 (1,517 degrees awarded), Communications (573 degrees), and Human Sciences (145 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 (1,100,956 people), Miscellaneous managers (848,946 people), Financial managers (439,584 people), Elementary & middle school teachers (369,336 people), and Marketing & sales managers (362,479 people).

The most specialized majors at Fashion Institute of Technology are Visual & Performing Arts (1,517 degrees awarded), Communications (573 degrees), Human Sciences (145 degrees), Business (1,596 degrees), and Communication Technologies (23 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 Physicians & surgeons, Securities, commodities, & financial services sales agents, Dentists, Dental hygienists, and Firstline supervisors of nonretail sales workers

The most specialized majors at Fashion Institute of Technology are Visual & Performing Arts (1,517 degrees awarded), Communications (573 degrees), Human Sciences (145 degrees), Business (1,596 degrees), and Communication Technologies (23 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 (750,692 people), Insurance carriers & related activities (586,946 people), Banking & related activities (520,431 people), Colleges, universities & professional schools, including junior colleges (501,881 people), and Computer Systems Design (491,459 people).

The most specialized majors at Fashion Institute of Technology are Visual & Performing Arts (1,517 degrees awarded), Communications (573 degrees), Human Sciences (145 degrees), Business (1,596 degrees), and Communication Technologies (23 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. 447 degrees awarded

  2. 254 degrees awarded

  3. 249 degrees awarded

In 2016, the most common bachelors degree concentration at Fashion Institute of Technology was Fashion Merchandising with 447 degrees awarded.

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

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Gender Breakdown for Common Majors

Degrees Awarded to Men

  1. 489

  2. 3,373

In 2016, 489 degrees were awarded to men at Fashion Institute of Technology, which is 0.145 times less than the number of degrees awarded to females (3,373).

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

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Most Common Male Majors

In 2016, 103 degrees were awarded to men at Fashion Institute of Technology in Fashion Merchandising, which is 0.0843 times less than the 1222 female recipients with that same degree.

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Most Common Female Majors

In 2016, 1222 degrees were awarded to women at Fashion Institute of Technology in Fashion Merchandising, which is 11.9 times more than the 103 male recipients with that same degree.

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Time to Complete

N/A%

100% Completion Time

N/A%

150% Completion Time

In N/A, N/A% of students graduating from Fashion Institute of Technology completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, N/A% completed their degrees within 150% of the normal time, and N/A% within 200%.

The following chart shows these completion rates over time compared to the average for the Masters Colleges and Universities Carnegie Classification group.

Graduation rate is defined as the percentage of full-time, first-time students who received a degree or award within a specific percentage of "normal time" to completion for their program.

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Diversity

Graduation Rate by Race and Gender

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 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 (67.2%).

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, 0.493% of graduates (4 students) did not report their race.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity

  1. White

    1,899 degrees awarded

  2. Hispanic or Latino

    568 degrees awarded

  3. Asian

    348 degrees awarded

The most common race/ethnicity at Fashion Institute of Technology is white (1,899 degrees awarded). There were 3.34 times more white recipients than the next closest race/ethnicity group, hispanic or latino (568 degrees).

0.673% of degree recipients (26 students) did not report their race.

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Race & Ethnicity by Gender

Most Common Gender Demographic

  1. White Female

    1,698 degrees awarded

  2. Hispanic or Latino Female

    475 degrees awarded

  3. Asian Female

    308 degrees awarded

The most common race/ethnicity and gender grouping at Fashion Institute of Technology is white female (1,698 degrees awarded). There were 3.57 times more white female recipients than the next closest race/ethnicity group, hispanic or latino female (475 degrees).

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Operations

Fashion Institute of Technology has an endowment valued at nearly $37.1M, as of the end of the 2015 fiscal year. The return on its endowment was of $468k (1.26%), compared to the 2.07% average return ($597k on $28.9M) across all Masters Colleges and Universities.

In 2015, Fashion Institute of Technology had a total expenditure of $200M. Of that $200M, they spent $97M on salaries and $200M on benefits.

Fashion Institute of Technology employs 108 Assistant professors, 70 Associate professors, and 54 Professors. Most academics at Fashion Institute of Technology are Female Assistant professors (64), Male Assistant professors(44), and Male Associate professors (38).

The most common positions for non-instructional staff at Fashion Institute of Technology are: Office and Administrative Support, with 229 employees, Computer, Engineering, and Science, with 103 employees, and Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 81 employees.

Finances

Endowment

$37.1M

2015 Endowment

3.98%

growth from 2014

Fashion Institute of Technology has an endowment valued at about $37.1M, as of the end of the 2015 fiscal year. The endowment of Fashion Institute of Technology grew 3.98% from the previous year. The value of their endowment was $8.19M 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. $0 - Federal

  2. $837k - State

  3. $230k - Local

As of 2015, Fashion Institute of Technology received $0 in grants and contracts from the federal government, $837k from state grants and contracts, and $230k from local grants and contracts.

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Expenses

Primary Expenses

Expenditure values can vary depending on whether the institution is public or private, and are not available for private-for-profit schools.

$97M

Salary Expenditure

$200M

Benefits Expenditure

In 2015, Fashion Institute of Technology had a total expenditure of $200M. Of that $200M, they spent $97M on salaries and $200M on benefits.

The bar chart shows the share of the primary expenses at Fashion Institute of Technology over time, and the line chart shows the expenditure for solely salaries and benefits over time compared to the median for the Masters Colleges and Universities Carnegie Classification grouping.

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Expenditure by Category

This tree map shows all of the primary expenses of Research at Fashion Institute of Technology as a share of total expenditure.

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Salary Expenditure

$97M

2015 Salaries

0.347%

growth from 2014

In 2015, Fashion Institute of Technology paid a median of $97M in salaries, which represents 48.6% of their overall expenditure ($200M) and a 0.347% growth from the previous year. This is compared to a 1.88% growth from 2013 and a 1.63% growth from 2012.

The median for similar Masters Colleges and Universities is 31.3M (42.2% of overall expenditures).

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Instructional Salaries

$21.4M

Instructional Salaries

229

Number of Employees

In 2015, Fashion Institute of Technology paid a total of $21.4M to 229 employees working as instructors, which represents 22% of all salaries paid.

This is compared to a median of $9.7M (31%) for similar Masters Colleges and Universities.

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Faculty and Staff

Occupations by Share

Assistant professor

Most Common Instructor

108 Employees

Office and Administrative Support

Most Common Non-Instructional Employee

229 Employees

In 2016, the most common positions for instructional staff at Fashion Institute of Technology were Assistant professor with 108 employees; Associate professor with 70 employees; and Associate professor with 54 employees.

In 2016, the most common positions for non-instructional staff at Fashion Institute of Technology were Office and Administrative Support with 229 employees; Computer, Engineering, and Science with 103 employees; and Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 81 employees.

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Instructors by Academic Rank and Gender

Most Common Demographic

  1. Female Assistant professor

  2. Male Assistant professor

  3. Male Associate professor

In 2016, the most common demographic for instructional staff at Fashion Institute of Technology was Female Assistant professor with 64 employees, Male Assistant professor with 44 employees, and Male Associate professor with 38 employees.

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

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