New England Institute of Technology

www.neit.edu

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2023 Undergraduate Tuition
$33,225
3.5% growth from 2022
2023 Average Net Price
$36,714
After Financial Aid
2021 Default Rate
0%
on Student Loans
2023 Acceptance Rate
72.7%
2,530 Applicants
2023 Enrolled Students
1,850
91.5% Full-Time
2023 Graduation Rate
57.5%
300 Graduates

About

New England Institute of Technology is a higher education institution located in Kent County, RI. In 2023, the most popular Associates Degree concentrations at New England Institute of Technology were Registered Nursing (119 degrees awarded), Automobile Mechanics Technology (61 degrees), and Electrician (29 degrees).

In 2023, 813 degrees were awarded across all undergraduate and graduate programs at New England Institute of Technology. 40.3% of these degrees were awarded to women, and 59.7% awarded men. The most common race/ethnicity group of degree recipients was white (523 degrees), 8.05 times more than then the next closest race/ethnicity group, hispanic or latino (65 degrees).

The median undergraduate tuition at New England Institute of Technology is $33,225, which is $21,034 more than the national average for Baccalaureate/Associates Colleges ($12,192).

In 2021 the default rate for borrower's at New England Institute of Technology was 0%, corresponding to 0 out of the 1,055 total borrowers.

Baccalaureate/Associates Colleges: Mixed Baccalaureate/AssociatesBaccalaureate/Associates Colleges

Costs

In 2023, the median undergraduate tuition at New England Institute of Technology is $33,225, which is $21,034 more than the national average for Baccalaureate/Associates Colleges ($12,192).

After taking grants and loans into account, the average net price for students is $36,714.

In 2023, 78% of undergraduate students attending New England Institute of Technology received financial aid through grants. Comparatively, 75% of undergraduate students received financial aid through loans.

Tuition Costs

$33,225
2023 Undergraduate Tuition

In 2023, the cost of tuition at New England Institute of Technology was $33,225. The cost of tuition at New England Institute of Technology is $21,034 more than than the overall (public and private) national average for Baccalaureate/Associates Colleges ($12,192).

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

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Average Net Price

$36,714
2023 Value
9.8%
1 Year Growth

In 2023 New England Institute of Technology had an average net price — the price paid after factoring in grants and loans — of $36,714. Between 2022 and 2023, the average net price of New England Institute of Technology grew by 9.8%.

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

$12,039
Room and Board
$2,004
Books and Supplies

The average yearly cost of room and board at New England Institute of Technology was of $12,039 in 2023. The cost of room and board increased by 3.83% between 2022 and 2023.

During the same period, the average yearly cost of books and supplies was $2,004. The cost of books and supplies increased by 31.8% during the same period.

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Financial Aid by Income Level

78%
Undergraduates Receiving Financial Aid through Grants
75%
Undergraduates Receiving Financial Aid through Loans

78% of undergraduate students at New England Institute of Technology received financial aid through grants or loans in 2023. This represents a decline of 6.02% with respect to 2022, when 83% 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%
2021 Default Rate
0
Number of Defaults

In 2021 the default rate for borrower's at New England Institute of Technology was 0%, which represents 0 out of the 1055 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 2,530 undergraduate applications in 2023, which represents a 6.53% annual growth. Out of those 2,530 applicants, 1,840 students were accepted for enrollment, representing a 72.7% acceptance rate.

There were 1,850 students enrolled at New England Institute of Technology in 2023. 12% of first-time enrollees submitted SAT scores with their applications.

New England Institute of Technology has an overall enrollment yield of 26.8%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

72.7%
Acceptance Rate in 2023
1,840
Accepted Out of 2,530

In 2023, the undergraduate acceptance rate of New England Institute of Technology was 72.7% (1,840 admissions from 2,530 applications). This is lower than the acceptance rate of 2022, which was 74.5%. Between 2022 and 2023, the number of applicants grew by 6.53%, while admissions grew by 4.01%.

This chart compares the acceptance rate of New England 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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SAT Scores

12%
Submission Percentage (2022)
53
Scores Submitted (2022)

12% of enrolled first-time students at New England Institute of Technology in 2022 submitted SAT scores with their applications.

The following chart shows the average SAT scores for the 25th, 50th, and 75th percentile of applicants for each section of the test that they are evaluated on.

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Enrollment

New England Institute of Technology had a total enrollment of 1,850 students in 2023. The full-time enrollment at New England Institute of Technology is 1,692 students and the part-time enrollment is 158. This means that 91.5% 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 54.8% White, 14.3% Hispanic or Latino, 10.2% Black or African American, 3.51% Asian, 3.46% Two or More Races, 0.486% American Indian or Alaska Native, and 0.0541% Native Hawaiian or Other Pacific Islanders.

Students enrolled at New England Institute of Technology in full-time Undergraduate programs are most commonly White Male (35%), followed by White Female (21%) and Hispanic or Latino Male (8.62%). Students enrolled in full-time Graduate programs are most commonly White Female (41.2%), followed by Hispanic or Latino Female (9.74%) and White Male (9.36%).

Full-Time vs Part-Time Enrollment

91.5%
Full-Time Enrollment

The total enrollment at New England Institute of Technology in 2023, both undergraduate and graduate, is 1,850 students. The full-time enrollment at New England Institute of Technology is 1,692 and the part-time enrollment is 158. This means that 91.5% of students enrolled at New England Institute of Technology are enrolled full-time compared with 44% 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

24%
2023 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 24%. Compared with the full-time retention rate at similar Baccalaureate/Associates Colleges (62%), New England Institute of Technology had a retention rate lower than 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 (2023)
  1. White
    1,014 enrolled students
  2. Hispanic or Latino
    265 enrolled students
  3. Black or African American
    189 enrolled students

The enrolled student population at New England Institute of Technology is 54.8% White, 14.3% Hispanic or Latino, 10.2% Black or African American, 3.51% Asian, 3.46% Two or More Races, 0.486% American Indian or Alaska Native, and 0.0541% 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 42.4% White, 27.4% Hispanic or Latino, and 13.9% 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, 238 students (12.9%) did not report their race.

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Graduates

In 2023, 157 fewer women than men received degrees from New England Institute of Technology. The most common race/ethnicity group of degree recipients at New England Institute of Technology is white (523 degrees awarded). There were 8.05 times more white recipients than the next closest race/ethnicity group, hispanic or latino (65 degrees).

The most common Associates Degree concentration at New England Institute of Technology is Registered Nursing (119 degrees awarded), followed by Automobile Mechanics Technology (61 degrees) and Electrician (29 degrees).

In 2023,  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 (33 degrees awarded), Construction (66 degrees), and Engineering Technologies (107 degrees).

Common Jobs by Major

Other managers
Most Common Job

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 Other managers (120,807 people), Graphic designers (98,646 people), Elementary & middle school teachers (81,789 people), Software developers (68,060 people), and Other designers (63,237 people).

The most specialized majors at New England Institute of Technology in 2023 are Communication Technologies (33 degrees awarded), Construction (66 degrees), Engineering Technologies (107 degrees), Mechanical Technologies (73 degrees), and Visual & Performing Arts (65 degrees) (as of 2023).

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Highest Paying Jobs by Major

Cardiovascular technologists and technicians
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 Cardiovascular technologists and technicians, Agents & business managers of artists, performers, & athletes, Surgeons, Securities, commodities, & financial services sales agents, and Chief executives & legislators

The most specialized majors at New England Institute of Technology are Communication Technologies (33 degrees awarded), Construction (66 degrees), Engineering Technologies (107 degrees), Mechanical Technologies (73 degrees), and Visual & Performing Arts (65 degrees) (as of 2023).

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Common Industries by Major

uninformed
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 uninformed (282,545 people), Elementary & secondary schools (197,722 people), Construction (149,757 people), Colleges, universities & professional schools, including junior colleges (142,714 people), and Computer Systems Design (125,294 people).

The most specialized majors at New England Institute of Technology are Communication Technologies (33 degrees awarded), Construction (66 degrees), Engineering Technologies (107 degrees), Mechanical Technologies (73 degrees), and Visual & Performing Arts (65 degrees) (as of 2023).

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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 New England Institute of Technology.
Most Common (2023)
  1. Registered Nursing
    119 degrees awarded
  2. Automobile Mechanics Technology
    61 degrees awarded
  3. Electrician
    29 degrees awarded

In 2023, the most common associates degree concentration at New England Institute of Technology was Registered Nursing with 119 degrees awarded.

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

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Sex Breakdown for Common Majors

485
Degrees Awarded to Men
in 2023
328
Degrees Awarded to Women
in 2023

In 2023, 485 degrees were awarded to men at New England Institute of Technology, which is 1.48 times more than the number of degrees awarded to females (328).

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

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Most Common Male Majors

In 2023, 57 degrees were awarded to men at New England Institute of Technology in Automobile Mechanics Technology, which is 14.3 times more than the 4 female recipients with that same degree.

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Most Common Female Majors

In 2023, 131 degrees were awarded to men at New England Institute of Technology in Registered Nursing, which is 4.37 times more than the 30 male recipients with that same degree.

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Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.
Black or African American Female
Highest Graduation Rate (71.4%)

The student demographic with the highest graduation rate in 2023 at New England Institute of Technology is Female and Black or African American (71.4% graduation rate). Across all Baccalaureate/Associates Colleges, Asian Female students have the highest graduation rate (74.3%).

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, 21.3% of graduates (64 students) did not report their race.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2023)
  1. White
    523 degrees awarded
  2. Hispanic or Latino
    65 degrees awarded
  3. Black or African American
    59 degrees awarded

The most common race/ethnicity at New England Institute of Technology is white (523 degrees awarded). There were 8.05 times more white recipients than the next closest race/ethnicity group, hispanic or latino (65 degrees).

14.6% of degree recipients (119 students) did not report their race.

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Race & Ethnicity by Sex

Most Common Sex Demographic (2023)
  1. White Male
    310 degrees awarded
  2. White Female
    213 degrees awarded
  3. Hispanic or Latino Male
    41 degrees awarded

The most common race/ethnicity and sex grouping at New England Institute of Technology is white male (310 degrees awarded). There were 1.46 times more white male recipients than the next closest race/ethnicity group, white female (213 degrees).

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Operations

New England Institute of Technology has an endowment valued at nearly $263M, as of the end of the 2023 fiscal year. The return on its endowment was of 19.7M (7.5%) compared to the 2.77% average return (416k on 15M) across all Baccalaureate/Associates Colleges.

In 2023, New England Institute of Technology had a total salary expenditure of 64.7M. New England Institute of Technology employs 39 Assistant professors, 29 Associate professors and 25 Instructors. Most academics at New England Institute of Technology are Male Assistant professor (21), Female Assistant professor (18), and Male Associate professor (17).

The most common positions for non-instructional staff at New England Institute of Technology are: Librarians, Curators, Archivists, and Academic Affairs and Other Education Services, with 58 employees, Office and Administrative Support, with 36 employees, and Management with 20 employees.

Endowment

$263M
2023 Endowment
6.89%
growth from 2022

New England Institute of Technology has an endowment valued at about $263M, as of the end of the 2023 fiscal year. The endowment of New England Institute of Technology grew 6.89% from the previous year. The value of their endowment was $248M 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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Salary Expenditure

$29M
2023 Salaries
4.56%
growth from 2022

In 2023, New England Institute of Technology paid a median of $29M in salaries, which represents 44.8% of their overall expenditure ($64.7M) and a 4.56% growth from the previous year. This is compared to a 0.308% decline between 2021 and 2022, and a 4.8% decline between 2020 and 2021.

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Instructional Salaries

$9.56M
Instructional Salaries
109
Number of Employees

In 2023, New England Institute of Technology paid a total of $9.56M to 109 employees working as instructors, which represents 33% of all salaries paid.

This is compared to a median of $533k (3.76%) for similar Baccalaureate/Associates Colleges.

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Occupations by Share

Assistant professor
Most Common Instructor
39 Employees
Librarians, Curators, Archivists, and Academic Affairs and Other Education Services
Most Common Non-Instructional Employee
58 Employees

In 2023, the most common positions for instructional staff at New England Institute of Technology were Assistant professor with 39 employees, Associate professor with 29 employees, and Instructor with 25 employees.

In 2023, the most common positions for non-instructional staff at New England Institute of Technology were Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 58 employees, Office and Administrative Support with 36 employees, and Management with 20 employees.

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Instructors by Academic Rank and Sex

Most Common Demographic (2023)
  1. Male Assistant professor
  2. Female Assistant professor
  3. Male Associate professor

In 2023, the most common demographic for instructional staff at New England Institute of Technology was Male Assistant professor with 21 employees, Female Assistant professor with 18 employees, and Male Associate professor with 17 employees.

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

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