New England Institute of Technology

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2016 Undergraduate Tuition

$24,495

14.6% growth from 2015

2016 Average Net Price

$28,183

After Financial Aid

2015 Student Loan

0.945%

Default Rate

2016 Enrolled Students

2,962

82.3% Full-Time

2016 Graduation Rate

53.7%

319 Graduates

About

New England Institute of Technology is a higher education institution located in Kent County, RI. In 2016, the most popular Bachelor's Degree concentrations at New England Institute of Technology were General Business Administration & Management (30 degrees awarded), Radio & Television Broadcasting Technology (29 degrees), and Mechanical Engineering Technology (26 degrees).

In 2016, 1,122 degrees were awarded across all undergraduate and graduate programs at New England Institute of Technology. 35.1% of these degrees were awarded to women, and 64.9% awarded men. The majority of degree recipients were white (794 degrees), 8.27 times more than then the next closest race/ethnicity group, unknown (96 degrees).

The median undergraduate tuition at New England Institute of Technology is $24,495, which is $11,695 more than the national average for Baccalaureate/Associates Colleges ($12,800).

Costs

The median undergraduate tuition at New England Institute of Technology is $24,495, which is $11,695 more than the national average for Baccalaureate/Associates Colleges ($12,800).

After taking grants and loans into account, the average net price for students is $28,183.

In 2016, 62% of undergraduate students received federal grants, while 77% of undergraduate students received federal loans.

Student Expenses

Tuition Costs

$24,495

2016 Undergraduate Tuition

In 2016, the cost of tuition at New England Institute of Technology was $24,495. The cost of tuition at New England Institute of Technology is $11,695 more than than the overall (public and private) national average for Baccalaureate/Associates Colleges ($12,800).

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Average Net Price

$28,183

2016 Value

9.02%

1 Year Growth

In 2016 New England Institute of Technology had an average net price — the price paid after factoring in grants and loans — of $28,183. Between 2015 and 2016, the average net price of New England Institute of Technology grew by 9.02%.

This chart compares the average net price of New England 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

$7,065

Room and Board

$1,521

Books and Supplies

The average yearly cost of room and board at New England Institute of Technology was of $7,065 in 2016. During the same period, the average yearly cost of books and supplies was $1,521. The cost of room and board did not change between 2015 and 2016. The cost of books and supplies did not change during the same period.

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Financial Aid

Financial Aid by Income Level

62%

Of Undergraduates Receive Grants

77%

Of Undergraduates Receive Federal Loans

62% of undergraduate students at New England Institute of Technology received grants or loans in 2016. This represents a decline of 10.1% with respect to 2015, when 69% of undergraduate students received financial aid.

This chart compares the average award discount at New England 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.

0.945%

2015 Default Rate

14

Number of Defaults

In 2015 the default rate for borrower's at New England Institute of Technology was 0.945%, which represents 14 out of the 1481 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

New England Institute of Technology received N/A undergraduate applications in N/A, which represents a 0% annual growth. Out of those N/A applicants, N/A students were accepted for enrollment, representing a N/A% acceptance rate.

There were 2,962 students enrolled at New England Institute of Technology in 2016, and N/A% of first-time enrollees submitted SAT scores with their applications.

New England Institute of Technology has an overall enrollment yield of N/A%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

N/A%

Acceptance Rate in N/A

N/A

Accepted Out of N/A

In N/A, the undergraduate acceptance rate of New England Institute of Technology was N/A% (N/A admissions from N/A applications). This is approximately the same as the acceptance rate of N/A, which was N/A%. Between N/A and N/A, the number of applicants stayed by N/A%, while admissions stayed by N/A%.

This chart compares the acceptance rate of New England 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 New England Institute of Technology in N/A 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

New England Institute of Technology has a total enrollment of 2,962 students. The full-time enrollment at New England Institute of Technology is 2,438 students and the part-time enrollment is 524. This means that 82.3% of students enrolled at New England Institute of Technology are enrolled full-time.

The enrolled student population at New England Institute of Technology, both undergraduate and graduate, is 63.1% White, 11.5% Hispanic or Latino, 4.96% Black or African American, 1.99% Asian, 1.82% Two or More Races, 0.608% American Indian or Alaska Native, and 0.135% Native Hawaiian or Other Pacific Islanders.

Students enrolled at New England Institute of Technology in full-time Undergraduate programs are majority White Male (41.5%), followed by White Female (20.8%) and Hispanic or Latino Male (8.79%). Students enrolled in full-time Graduate programs are majority White Female (67.2%), followed by White Male (8.2%) and Hispanic or Latino Female (3.28%).

Full-Time vs Part-Time Enrollment

82.3%

Full-Time Enrollment

The total enrollment at New England Institute of Technology, both undergraduate and graduate, is 2,962 students. The full-time enrollment at New England Institute of Technology is 2,438 and the part-time enrollment is 524. This means that 82.3% of students enrolled at New England Institute of Technology are enrolled full-time compared with 44.9% at similar Baccalaureate/Associates Colleges.

This chart shows the full-time vs part-time enrollment status at New England Institute of Technology (in red) compares to similar universities.

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Retention Rate over Time

N/A%

N/A 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 New England Institute of Technology was N/A%. Compared with the full-time retention rate at similar Baccalaureate/Associates Colleges (63%), New England Institute of Technology had a retention rate approximately the same as its peers.

This chart shows the retention rate over time at New England 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

    1,869

  2. Hispanic or Latino

    340

  3. Black or African American

    147

The enrolled student population at New England Institute of Technology is 63.1% White, 11.5% Hispanic or Latino, 4.96% Black or African American, 1.99% Asian, 1.82% Two or More Races, 0.608% American Indian or Alaska Native, and 0.135% Native Hawaiian or Other Pacific Islanders. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Baccalaureate/Associates Colleges is 47.2% White, 23.1% Hispanic or Latino, and 14.6% 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, 364 students (12.3%) did not report their race.

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Graduates

In 2016, 334 fewer women than men received degrees from New England Institute of Technology. The majority of degree recipients at New England Institute of Technology are white (794 degrees awarded). There were 8.27 times more white graduates than the next closest race/ethnicity group, unknown (96 degrees).

The most common Bachelor's Degree concentration at New England Institute of Technology is General Business Administration & Management (30 degrees awarded), followed by Radio & Television Broadcasting Technology (29 degrees) and Mechanical Engineering Technology (26 degrees).

The most specialized majors across all degree types at New England Institute of Technology, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Communication Technologies (67 degrees awarded), Engineering Technologies (138 degrees), and Mechanical Technologies (163 degrees).

Workforce

Common Jobs by Major

The most common jobs for people who hold a degree in one of the 5 most specialized majors at New England Institute of Technology are Software developers, applications & systems software (432,911 people), Miscellaneous managers (157,118 people), Computer programmers (123,951 people), Other Computer Occupations (120,056 people), and Computer & information systems managers (107,371 people).

The most specialized majors at New England Institute of Technology are Communication Technologies (67 degrees awarded), Engineering Technologies (138 degrees), Mechanical Technologies (163 degrees), Construction (35 degrees), and Computer and Information Sciences and Support Services (187 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 New England Institute of Technology are Physicians & surgeons, Securities, commodities, & financial services sales agents, Chief executives & legislators, General & operations managers, and Personal financial advisors

The most specialized majors at New England Institute of Technology are Communication Technologies (67 degrees awarded), Engineering Technologies (138 degrees), Mechanical Technologies (163 degrees), Construction (35 degrees), and Computer and Information Sciences and Support Services (187 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 New England Institute of Technology are Computer Systems Design (517,233 people), Construction (103,134 people), Insurance carriers & related activities (83,958 people), Colleges, universities & professional schools, including junior colleges (83,918 people), and Management, scientific & technical consulting services (67,762 people).

The most specialized majors at New England Institute of Technology are Communication Technologies (67 degrees awarded), Engineering Technologies (138 degrees), Mechanical Technologies (163 degrees), Construction (35 degrees), and Computer and Information Sciences and Support Services (187 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 New England Institute of Technology.

In 2016, the most common bachelors degree concentration at New England Institute of Technology was General Business Administration & Management with 30 degrees awarded.

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

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Gender Breakdown for Common Majors

Degrees Awarded to Men

  1. 728

  2. 394

In 2016, 728 degrees were awarded to men at New England Institute of Technology, which is 1.85 times more than the number of degrees awarded to females (394).

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

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Most Common Male Majors

In 2016, 75 degrees were awarded to men at New England Institute of Technology in Computer Systems Networking & Telecommunications, which is 15 times more than the 5 female recipients with that same degree.

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Most Common Female Majors

In 2016, 79 degrees were awarded to women at New England Institute of Technology in Registered Nursing, which is 15.8 times more than the 5 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 New England 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 Baccalaureate/Associates Colleges 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.

Two or More Races Male

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate at New England Institute of Technology is Male and Two or More Races (100% graduation rate). Across all Baccalaureate/Associates Colleges, 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, 11.3% of graduates (36 students) did not report their race.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity

  1. White

    794 degrees awarded

  2. Unknown

    96 degrees awarded

  3. Hispanic or Latino

    89 degrees awarded

The most common race/ethnicity at New England Institute of Technology is white (794 degrees awarded). There were 8.27 times more white recipients than the next closest race/ethnicity group, unknown (96 degrees).

8.56% of degree recipients (96 students) did not report their race.

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Race & Ethnicity by Gender

Most Common Gender Demographic

  1. White Male

    499 degrees awarded

  2. White Female

    295 degrees awarded

  3. Hispanic or Latino Male

    64 degrees awarded

The most common race/ethnicity and gender grouping at New England Institute of Technology is white male (499 degrees awarded). There were 1.69 times more white male recipients than the next closest race/ethnicity group, white female (295 degrees).

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Operations

New England Institute of Technology has an endowment valued at nearly $175M, as of the end of the 2015 fiscal year. The return on its endowment was of $1.84M (1.05%), compared to the 0.934% average return ($83.5k on $8.94M) across all Baccalaureate/Associates Colleges.

In 2015, New England Institute of Technology had a total expenditure of $59.3M. Of that $59.3M, they spent $28.9M on salaries and $59.3M on benefits.

New England Institute of Technology employs 63 Assistant professors, 42 Associate professors, and 20 Instructors. Most academics at New England Institute of Technology are Male Assistant professors (40), Male Associate professors(27), and Female Assistant professors (23).

The most common positions for non-instructional staff at New England Institute of Technology are: Office and Administrative Support, with 56 employees, Librarians, Curators, Archivists, and Academic Affairs and Other Education Services, with 52 employees, and Management with 27 employees.

Finances

Endowment

$175M

2015 Endowment

6.14%

growth from 2014

New England Institute of Technology has an endowment valued at about $175M, as of the end of the 2015 fiscal year. The endowment of New England Institute of Technology grew 6.14% from the previous year. The value of their endowment was $166M higher than than the median endowment of Baccalaureate/Associates Colleges according to the Carnegie Classification grouping.

This line chart shows how the endowment at New England 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 Baccalaureate/Associates Colleges: Mixed Baccalaureate/Associates Carnegie Classification grouping.

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Government Grants and Contracts

Grants & Contracts

  1. $8.28M - Federal

  2. $774k - State

  3. $0 - Local

As of 2015, New England Institute of Technology received $8.28M in grants and contracts from the federal government, $774k from state grants and contracts, and $0 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.

$28.9M

Salary Expenditure

$59.3M

Benefits Expenditure

In 2015, New England Institute of Technology had a total expenditure of $59.3M. Of that $59.3M, they spent $28.9M on salaries and $59.3M on benefits.

The bar chart shows the share of the primary expenses at New England 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 Baccalaureate/Associates Colleges Carnegie Classification grouping.

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Expenditure by Category

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

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Salary Expenditure

$28.9M

2015 Salaries

8.88%

growth from 2014

In 2015, New England Institute of Technology paid a median of $28.9M in salaries, which represents 48.8% of their overall expenditure ($59.3M) and a 8.88% growth from the previous year. This is compared to a 7.05% growth from 2013 and a 3.33% growth from 2012.

The median for similar Baccalaureate/Associates Colleges is 3.29M (34.3% of overall expenditures).

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Instructional Salaries

$10.1M

Instructional Salaries

133

Number of Employees

In 2015, New England Institute of Technology paid a total of $10.1M to 133 employees working as instructors, which represents 35% of all salaries paid.

This is compared to a median of $672k (20.4%) for similar Baccalaureate/Associates Colleges.

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Faculty and Staff

Occupations by Share

Assistant professor

Most Common Instructor

63 Employees

Office and Administrative Support

Most Common Non-Instructional Employee

56 Employees

In 2016, the most common positions for instructional staff at New England Institute of Technology were Assistant professor with 63 employees; Associate professor with 42 employees; and Associate professor with 20 employees.

In 2016, the most common positions for non-instructional staff at New England Institute of Technology were Office and Administrative Support with 56 employees; Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 52 employees; and Management with 27 employees.

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Instructors by Academic Rank and Gender

Most Common Demographic

  1. Male Assistant professor

  2. Male Associate professor

  3. Female Assistant professor

In 2016, the most common demographic for instructional staff at New England Institute of Technology was Male Assistant professor with 40 employees, Male Associate professor with 27 employees, and Female Assistant professor with 23 employees.

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

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