New England Institute of Technology

https://www.neit.edu

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    2024 Undergraduate Tuition
    $34,875
    4.97% growth from 2023
    2024 Average Net Price
    $36,947
    After Financial Aid
    2024 Acceptance Rate
    66.7%
    2,747 Applicants
    2024 Enrolled Students
    1,922
    91.1% Full-Time
    2024 Graduation Rate
    59.5%
    312 Graduates

    About

    New England Institute of Technology is a higher education institution located in Kent County, RI. In 2024, the most popular Associates Degree concentrations at New England Institute of Technology were Registered Nursing (102 degrees awarded), Automobile Mechanics Technology (72 degrees), and Game & Interactive Media Design (30 degrees).

    In 2024, 753 degrees were awarded across all undergraduate and graduate programs at New England Institute of Technology. 43.4% of these degrees were awarded to women, and 56.6% awarded men. The most common race/ethnicity group of degree recipients was white (462 degrees), 4.49 times more than then the next closest race/ethnicity group, hispanic or latino (103 degrees).

    The median undergraduate tuition at New England Institute of Technology is $34,875, which is $10,875 more than the national average for Masters Colleges and Universities ($24,000).

    Masters Colleges & Universities: Small ProgramsMasters Colleges and Universities

    Costs

    In 2024, the median undergraduate tuition at New England Institute of Technology is $34,875, which is $10,875 more than the national average for Masters Colleges and Universities ($24,000).

    After taking grants and loans into account, the average net price for students is $36,947.

    In 2024, 81% of undergraduate students attending New England Institute of Technology received financial aid through grants. Comparatively, 71% of undergraduate students received financial aid through loans.

    Tuition Costs

    $34,875
    2024 Undergraduate Tuition

    In 2024, the cost of tuition at New England Institute of Technology was $34,875. The cost of tuition at New England Institute of Technology is $10,875 more than than the overall (public and private) national average for Masters Colleges and Universities ($24,000).

    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

    $36,947
    2024 Value
    0.635%
    1 Year Growth

    In 2024 New England Institute of Technology had an average net price — the price paid after factoring in grants and loans — of $36,947. Between 2023 and 2024, the average net price of New England Institute of Technology grew by 0.635%.

    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

    $12,323
    Room and Board
    $1,200
    Books and Supplies

    The average yearly cost of room and board at New England Institute of Technology was of $12,323 in 2024. The cost of room and board increased by 2.36% between 2023 and 2024.

    During the same period, the average yearly cost of books and supplies was $1,200. The cost of books and supplies decreased by 40.1% during the same period.

    This chart compares the average student costs at New England Institute of Technology (in red) with that of similar universities.

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    Financial Aid by Income Level

    81%
    Undergraduates Receiving Financial Aid through Grants
    71%
    Undergraduates Receiving Financial Aid through Loans

    81% of undergraduate students at New England Institute of Technology received financial aid through grants or loans in 2024. This represents a growth of 3.85% with respect to 2023, when 78% 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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    Admissions

    New England Institute of Technology received 2,747 undergraduate applications in 2024, which represents a 8.58% annual growth. Out of those 2,747 applicants, 1,833 students were accepted for enrollment, representing a 66.7% acceptance rate.

    There were 1,922 students enrolled at New England Institute of Technology in 2024. 12% of first-time enrollees submitted SAT scores with their applications.

    New England Institute of Technology has an overall enrollment yield of 22.8%, which represents the number of admitted students who ended up enrolling.

    Acceptance Rate

    66.7%
    Acceptance Rate in 2024
    1,833
    Accepted Out of 2,747

    In 2024, the undergraduate acceptance rate of New England Institute of Technology was 66.7% (1,833 admissions from 2,747 applications). This is lower than the acceptance rate of 2023, which was 72.7%. Between 2023 and 2024, the number of applicants grew by 8.58%, while admissions declined by 0.38%.

    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 1,922 students in 2024. The full-time enrollment at New England Institute of Technology is 1,751 students and the part-time enrollment is 171. This means that 91.1% 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 52.5% White, 15.5% Hispanic or Latino, 12.2% Black or African American, 3.38% Asian, 3.23% Two or More Races, and 0.156% American Indian or Alaska Native.

    Students enrolled at New England Institute of Technology in full-time Undergraduate programs are most commonly White Male (33.3%), followed by White Female (20.6%) and Hispanic or Latino Male (8.52%). Students enrolled in full-time Graduate programs are most commonly White Female (43.5%), followed by Hispanic or Latino Female (10%) and White Male (9.21%).

    Full-Time vs Part-Time Enrollment

    91.1%
    Full-Time Enrollment

    The total enrollment at New England Institute of Technology in 2024, both undergraduate and graduate, is 1,922 students. The full-time enrollment at New England Institute of Technology is 1,751 and the part-time enrollment is 171. This means that 91.1% of students enrolled at New England Institute of Technology are enrolled full-time compared with 67.1% at similar Masters Colleges and Universities.

    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

    74%
    2024 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 74%. Compared with the full-time retention rate at similar Masters Colleges and Universities (73%), New England Institute of Technology had a retention rate higher 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 (2024)
    1. White
      1,010 enrolled students
    2. Hispanic or Latino
      298 enrolled students
    3. Black or African American
      235 enrolled students

    The enrolled student population at New England Institute of Technology is 52.5% White, 15.5% Hispanic or Latino, 12.2% Black or African American, 3.38% Asian, 3.23% Two or More Races, and 0.156% 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 47.4% White, 18.8% Hispanic or Latino, and 13.6% 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, 248 students (12.9%) did not report their race.

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    Graduates

    In 2024, 99 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 (462 degrees awarded). There were 4.49 times more white recipients than the next closest race/ethnicity group, hispanic or latino (103 degrees).

    The most common Associates Degree concentration at New England Institute of Technology is Registered Nursing (102 degrees awarded), followed by Automobile Mechanics Technology (72 degrees) and Game & Interactive Media Design (30 degrees).

    In 2024,  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 (27 degrees awarded), Engineering Technologies (92 degrees), and Construction (49 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 (125,780 people), Graphic designers (99,312 people), Elementary & middle school teachers (83,887 people), Software developers (73,364 people), and Other designers (64,531 people).

    The most specialized majors at New England Institute of Technology in 2024 are Communication Technologies (27 degrees awarded), Engineering Technologies (92 degrees), Construction (49 degrees), Mechanical Technologies (89 degrees), and Visual & Performing Arts (69 degrees) (as of 2024).

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    Highest Paying Jobs by Major

    Agents & business managers of artists, performers, & athletes
    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 Agents & business managers of artists, performers, & athletes, Cardiovascular technologists and technicians, Surgeons, Actuaries, and Physicians

    The most specialized majors at New England Institute of Technology are Communication Technologies (27 degrees awarded), Engineering Technologies (92 degrees), Construction (49 degrees), Mechanical Technologies (89 degrees), and Visual & Performing Arts (69 degrees) (as of 2024).

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    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 New England Institute of Technology are Elementary & secondary schools (202,431 people), Construction (156,073 people), Colleges, universities & professional schools, including junior colleges (147,020 people), Computer Systems Design (136,156 people), and General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (63,298 people).

    The most specialized majors at New England Institute of Technology are Communication Technologies (27 degrees awarded), Engineering Technologies (92 degrees), Construction (49 degrees), Mechanical Technologies (89 degrees), and Visual & Performing Arts (69 degrees) (as of 2024).

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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 (2024)
    1. Licensed Practical & Vocational Nurse Training
      28 degrees awarded
    2. Autobody & Collision Repair Technology
      5 degrees awarded
    3. Marine Engineering Technology/Technician
      2 degrees awarded

    In 2024, the most common 1 to 2 year postsecondary certificate concentration at New England Institute of Technology was Licensed Practical & Vocational Nurse Training with 28 degrees awarded.

    This visualization illustrates the percentage of degree-majors recipients from 1 to 2 year postsecondary certificate programs at New England Institute of Technology according to their major.

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    Sex Breakdown for Common Majors

    426
    Degrees Awarded to Men
    in 2024
    327
    Degrees Awarded to Women
    in 2024

    In 2024, 426 degrees were awarded to men at New England Institute of Technology, which is 1.3 times more than the number of degrees awarded to females (327).

    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 2024, 69 degrees were awarded to men at New England Institute of Technology in Automobile Mechanics Technology, which is 23 times more than the 3 female recipients with that same degree.

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    Most Common Female Majors

    In 2024, 107 degrees were awarded to men at New England Institute of Technology in Registered Nursing, which is 9.73 times more than the 11 male recipients with that same degree.

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    Graduation Rate by Race and Sex

    Showing demographic groups with ≥ 5 graduating students.
    White Female
    Highest Graduation Rate (67.9%)

    The student demographic with the highest graduation rate in 2024 at New England Institute of Technology is Female and White (67.9% graduation rate). Across all Masters Colleges and Universities, Asian Female students have the highest graduation rate (75.5%).

    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.

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    Race & Ethnicity by Share

    Most Common Student Race or Ethnicity (2024)
    1. White
      462 degrees awarded
    2. Hispanic or Latino
      103 degrees awarded
    3. Black or African American
      50 degrees awarded

    The most common race/ethnicity at New England Institute of Technology is white (462 degrees awarded). There were 4.49 times more white recipients than the next closest race/ethnicity group, hispanic or latino (103 degrees).

    10.9% of degree recipients (82 students) did not report their race.

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    Race & Ethnicity by Sex

    Most Common Sex Demographic (2024)
    1. White Male
      645 degrees awarded
    2. White Male
      608 degrees awarded
    3. White Male
      554 degrees awarded

    The most common race/ethnicity and sex grouping at New England Institute of Technology is white male (645 degrees awarded). There were 1.06 times more white male recipients than the next closest race/ethnicity group, white male (608 degrees).

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    Operations

    New England Institute of Technology has an endowment valued at nearly $280M, as of the end of the 2024 fiscal year. The return on its endowment was of 23.6M (8.41%) compared to the 9.2% average return (4.22M on 45.9M) across all Masters Colleges and Universities.

    In 2024, New England Institute of Technology had a total salary expenditure of 67.2M. New England Institute of Technology employs 36 Assistant professors, 30 Instructors and 29 Associate professors. Most academics at New England Institute of Technology are Male Assistant professor (19), Female Assistant professor (17), and Female Instructor (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 54 employees, Office and Administrative Support, with 37 employees, and Management with 21 employees.

    Endowment

    $280M
    2024 Endowment
    6.65%
    growth from 2023

    New England Institute of Technology has an endowment valued at about $280M, as of the end of the 2024 fiscal year. The endowment of New England Institute of Technology grew 6.65% from the previous year. The value of their endowment was $234M 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 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 Masters Colleges & Universities: Small Programs Carnegie Classification grouping.

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    Salary Expenditure

    $30.6M
    2024 Salaries
    5.59%
    growth from 2023

    In 2024, New England Institute of Technology paid a median of $30.6M in salaries, which represents 45.5% of their overall expenditure ($67.2M) and a 5.59% growth from the previous year. This is compared to a 4.56% growth between 2022 and 2023, and a 0.308% decline between 2021 and 2022.

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    Instructional Salaries

    $9.98M
    Instructional Salaries
    110
    Number of Employees

    In 2024, New England Institute of Technology paid a total of $9.98M to 110 employees working as instructors, which represents 32.6% of all salaries paid.

    This is compared to a median of $965k (3.13%) for similar Masters Colleges and Universities.

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    Occupations by Share

    In 2024, 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 54 employees, Office and Administrative Support with 37 employees, and Management with 21 employees.

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