Fashion Institute of Technology

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2022 Undergraduate Tuition
$7,170
2022 Average Net Price
$20,900
After Financial Aid
2019 Default Rate
1.25%
on Student Loans
2022 Acceptance Rate
52.8%
4,669 Applicants
2022 Enrolled Students
8,125
87.1% Full-Time
2022 Graduation Rate
83.3%
1,039 Graduates

About

Fashion Institute of Technology is a higher education institution located in New York County, NY. In 2022, the most popular Associates Degree concentrations at Fashion Institute of Technology were Fashion Merchandising (617 degrees awarded), Fashion & Apparel Design (288 degrees), and Commercial & Advertising Art (161 degrees).

In 2022, 3,458 degrees were awarded across all undergraduate and graduate programs at Fashion Institute of Technology. 85% of these degrees were awarded to women, and 15% awarded men. The most common race/ethnicity group of degree recipients was white (1,447 degrees), 2.04 times more than then the next closest race/ethnicity group, hispanic or latino (709 degrees).

The median undergraduate tuition at Fashion Institute of Technology is $7,170, which is $−16,826 less than the national average for Masters Colleges and Universities ($23,996).

Costs

In 2022, the median undergraduate tuition at Fashion Institute of Technology is $7,170, which is $−16,826 less than the national average for Masters Colleges and Universities ($23,996).

After taking grants and loans into account, the average net price for students is $20,900.

In 2022, 57% of undergraduate students attending Fashion Institute of Technology received financial aid through grants. Comparatively, 30% of undergraduate students received financial aid through loans.

Tuition Costs

$7,170
2022 Undergraduate Tuition

In 2022, the cost of tuition at Fashion Institute of Technology was $7,170. The cost of tuition at Fashion Institute of Technology is $−16,826 less than than the overall (public and private) national average for Masters Colleges and Universities ($23,996).

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Average Net Price

$20,900
2022 Value
142%
1 Year Growth

In 2022 Fashion Institute of Technology had an average net price — the price paid after factoring in grants and loans — of $20,900. Between 2021 and 2022, the average net price of Fashion Institute of Technology grew by 142%.

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

$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 2022. The cost of room and board increased by 51.8% between 2021 and 2022.

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.

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Financial Aid by Income Level

57%
Undergraduates Receiving Financial Aid through Grants
30%
Undergraduates Receiving Financial Aid through Loans

57% of undergraduate students at Fashion Institute of Technology received financial aid through grants or loans in 2022. This represents a growth of 14% with respect to 2021, 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.

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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.
1.25%
2019 Default Rate
18
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.

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Admissions

Fashion Institute of Technology received 4,669 undergraduate applications in 2022, which represents a 0.786% annual growth. Out of those 4,669 applicants, 2,465 students were accepted for enrollment, representing a 52.8% acceptance rate.

There were 8,125 students enrolled at Fashion Institute of Technology in 2022.

Fashion Institute of Technology has an overall enrollment yield of 54.5%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

52.8%
Acceptance Rate in 2022
2,465
Accepted Out of 4,669

In 2022, the undergraduate acceptance rate of Fashion Institute of Technology was 52.8% (2,465 admissions from 4,669 applications). This is higher than the acceptance rate of 2021, which was 51.7%. Between 2021 and 2022, the number of applicants grew by 0.786%, while admissions grew by 1.36%..

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.

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Enrollment

Fashion Institute of Technology had a total enrollment of 8,125 students in 2022. The full-time enrollment at Fashion Institute of Technology is 7,075 students and the part-time enrollment is 1,050. This means that 87.1% 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 39.3% White, 21.8% Hispanic or Latino, 12.8% Asian, 8.85% Black or African American, 4.44% Two or More Races, 0.148% Native Hawaiian or Other Pacific Islanders, and 0.0985% American Indian or Alaska Native.

Students enrolled at Fashion Institute of Technology in full-time Undergraduate programs are most commonly White Female (33.1%), followed by Hispanic or Latino Female (17.5%) and Asian Female (11.1%). Students enrolled in full-time Graduate programs are most commonly White Female (31.6%), followed by Asian Female (8.42%) and Hispanic or Latino Female (6.32%).

Full-Time vs Part-Time Enrollment

87.1%
Full-Time Enrollment

The total enrollment at Fashion Institute of Technology in 2022, both undergraduate and graduate, is 8,125 students. The full-time enrollment at Fashion Institute of Technology is 7,075 and the part-time enrollment is 1,050. This means that 87.1% of students enrolled at Fashion Institute of Technology are enrolled full-time compared with 67.6% 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.

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Retention Rate over Time

88%
2022 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 (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.

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2022)
  1. White
    3,192 enrolled students
  2. Hispanic or Latino
    1,772 enrolled students
  3. Asian
    1,041 enrolled students

The enrolled student population at Fashion Institute of Technology is 39.3% White, 21.8% Hispanic or Latino, 12.8% Asian, 8.85% Black or African American, 4.44% Two or More Races, 0.148% Native Hawaiian or Other Pacific Islanders, and 0.0985% 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 51.2% White, 17.3% 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, 32 students (0.394%) did not report their race.

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Graduates

In 2022, 2,418 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 (1,447 degrees awarded). There were 2.04 times more white recipients than the next closest race/ethnicity group, hispanic or latino (709 degrees).

The most common Associates Degree concentration at Fashion Institute of Technology is Fashion Merchandising (617 degrees awarded), followed by Fashion & Apparel Design (288 degrees) and Commercial & Advertising Art (161 degrees).

In 2022,  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 (1,475 degrees awarded), Human Sciences (107 degrees), and Business (1,264 degrees).

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 (1,040,742 people), Other managers (773,337 people), Financial managers (498,953 people), Chief executives & legislators (393,187 people), and Elementary & middle school teachers (316,900 people).

The most specialized majors at Fashion Institute of Technology in 2022 are Visual & Performing Arts (1,475 degrees awarded), Human Sciences (107 degrees), Business (1,264 degrees), Communication Technologies (22 degrees), and Interdisciplinary Studies (11 degrees) (as of 2022).

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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, Physicians, Financial examiners, Podiatrists, and Securities, commodities, & financial services sales agents

The most specialized majors at Fashion Institute of Technology are Visual & Performing Arts (1,475 degrees awarded), Human Sciences (107 degrees), Business (1,264 degrees), Communication Technologies (22 degrees), and Interdisciplinary Studies (11 degrees) (as of 2022).

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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 (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).

The most specialized majors at Fashion Institute of Technology are Visual & Performing Arts (1,475 degrees awarded), Human Sciences (107 degrees), Business (1,264 degrees), Communication Technologies (22 degrees), and Interdisciplinary Studies (11 degrees) (as of 2022).

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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 (2022)
  1. 617 degrees awarded
  2. 288 degrees awarded
  3. 161 degrees awarded

In 2022, the most common associates degree concentration at Fashion Institute of Technology was Fashion Merchandising with 617 degrees awarded.

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

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Sex Breakdown for Common Majors

520
Degrees Awarded to Men
in 2022
2,938
Degrees Awarded to Women
in 2022

In 2022, 520 degrees were awarded to men at Fashion Institute of Technology, which is 0.177 times less than the number of degrees awarded to females (2,938).

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 2022, 117 degrees were awarded to men at Fashion Institute of Technology in Fashion Merchandising, which is 0.133 times less than the 879 female recipients with that same degree.

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Most Common Female Majors

In 2022, 879 degrees were awarded to men at Fashion Institute of Technology in Fashion Merchandising, which is 7.51 times more than the 117 male recipients with that same degree.

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Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.
Asian Male
Highest Graduation Rate (89.5%)

The student demographic with the highest graduation rate in 2022 at Fashion Institute of Technology is Male and Asian (89.5% graduation rate). Across all Masters Colleges and Universities, Asian Female students have the highest graduation rate (73.2%).

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, 0.289% of graduates (3 students) did not report their race.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2022)
  1. White
    1,447 degrees awarded
  2. Hispanic or Latino
    709 degrees awarded
  3. Asian
    460 degrees awarded

The most common race/ethnicity at Fashion Institute of Technology is white (1,447 degrees awarded). There were 2.04 times more white recipients than the next closest race/ethnicity group, hispanic or latino (709 degrees).

1.01% of degree recipients (35 students) did not report their race.

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Race & Ethnicity by Sex

Most Common Sex Demographic (2022)
  1. White Female
    1,246 degrees awarded
  2. Hispanic or Latino Female
    588 degrees awarded
  3. Asian Female
    392 degrees awarded

The most common race/ethnicity and sex grouping at Fashion Institute of Technology is white female (1,246 degrees awarded). There were 2.12 times more white female recipients than the next closest race/ethnicity group, hispanic or latino female (588 degrees).

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Operations

Fashion Institute of Technology has an endowment valued at nearly $48.2M, as of the end of the 2022 fiscal year. The return on its endowment was of 217k (0.45%) compared to the 0.773% average return (360k on 46.6M) across all Masters Colleges and Universities.

In 2022, Fashion Institute of Technology had a total salary expenditure of 251M. Fashion Institute of Technology employs 73 Assistant professors, 63 Associate professors and 62 Professors. Most academics at Fashion Institute of Technology are Female Assistant professor (48), 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 189 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 89 employees, and Business and Financial Operations with 71 employees.

Endowment

$48.2M
2022 Endowment
5.8%
decline from 2021

Fashion Institute of Technology has an endowment valued at about $48.2M, as of the end of the 2022 fiscal year. The endowment of Fashion Institute of Technology declined 5.8% from the previous year. The value of their endowment was $1.67M 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. $217k - Federal
  2. $631k - State
  3. $696k - Local

As of 2022, Fashion Institute of Technology received $217k in grants and contracts from the federal government, $631k from state grants and contracts, and $696k from local grants and contracts.

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Salary Expenditure

$123M
2022 Salaries
14.8%
growth from 2021

In 2022, Fashion Institute of Technology paid a median of $123M in salaries, which represents 48.9% of their overall expenditure ($251M) and a 14.8% growth from the previous year.

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

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Instructional Salaries

$23.3M
Instructional Salaries
199
Number of Employees

In 2022, Fashion Institute of Technology paid a total of $23.3M to 199 employees working as instructors, which represents 19% of all salaries paid.

This is compared to a median of $11.3M (31.2%) for similar Masters Colleges and Universities.

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Occupations by Share

Assistant professor
Most Common Instructor
73 Employees
Office and Administrative Support
Most Common Non-Instructional Employee
189 Employees

In 2022, the most common positions for instructional staff at Fashion Institute of Technology were Assistant professor with 73 employees, Associate professor with 63 employees, and Professor with 62 employees.

In 2022, the most common positions for non-instructional staff at Fashion Institute of Technology were Office and Administrative Support with 189 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 89 employees, and Business and Financial Operations with 71 employees.

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Instructors by Academic Rank and Sex

Most Common Demographic (2022)
  1. Female Assistant professor
  2. Female Professor
  3. Female Associate professor

In 2022, the most common demographic for instructional staff at Fashion Institute of Technology was Female Assistant professor with 48 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.

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