New England Institute of Technology

www.neit.edu

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2020 Undergraduate Tuition

$30,000

3.09% growth from 2019

2020 Average Net Price

$33,681

After Financial Aid

2018 Student Loan

2.24%

Default Rate

2020 Acceptance Rate

69.1%

2,090 Applicants

2020 Enrolled Students

2,031

86.3% Full-Time

2020 Graduation Rate

47.6%

233 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 Registered Nursing (48 degrees awarded), Computer & Information Systems Security (42 degrees), and Radio & Television Broadcasting Technology (27 degrees).

In 2020, 1,145 degrees were awarded across all undergraduate and graduate programs at New England Institute of Technology. 35.4% of these degrees were awarded to women, and 64.6% awarded men. The most common race/ethnicity group of degree recipients was unknown (669 degrees), 2.45 times more than then the next closest race/ethnicity group, white (273 degrees).

The median undergraduate tuition at New England Institute of Technology is $30,000, which is $18,171 more than the national average for Baccalaureate/Associates Colleges ($11,829).

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

Costs

The median undergraduate tuition at New England Institute of Technology is $30,000, which is $18,171 more than the national average for Baccalaureate/Associates Colleges ($11,829).

After taking grants and loans into account, the average net price for students is $33,681.

In 2020, 79% of undergraduate students received federal grants, while 77% of undergraduate students received federal loans.

Student Expenses

Tuition Costs

$30,000

2020 Undergraduate Tuition

In 2020, the cost of tuition at New England Institute of Technology was $30,000. The cost of tuition at New England Institute of Technology is $18,171 more than than the overall (public and private) national average for Baccalaureate/Associates Colleges ($11,829).

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

Average Net Price

$33,681

2020 Value

6.24%

1 Year Growth

In 2020 New England Institute of Technology had an average net price — the price paid after factoring in grants and loans — of $33,681. Between 2019 and 2020, the average net price of New England Institute of Technology grew by 6.24%.

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.

Other Student Expenses

$11,595

Room and Board

$1,521

Books and Supplies

The average yearly cost of room and board at New England Institute of Technology was of $11,595 in 2020. During the same period, the average yearly cost of books and supplies was $1,521. The cost of room and board increased by 17.7% between 2019 and 2020. The cost of books and supplies did not change during the same period.

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

Financial Aid

Financial Aid by Income Level

79%

Of Undergraduates Receive Grants

77%

Of Undergraduates Receive Federal Loans

79% of undergraduate students at New England Institute of Technology received grants or loans in 2020. This represents a growth of 5.33% with respect to 2019, when 75% 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.

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.

2.24%

2018 Default Rate

Number of Defaults

In 2018 the default rate for borrower's at New England Institute of Technology was 2.24%, which represents 30 out of the 1337 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.

Admissions

New England Institute of Technology received 2,090 undergraduate applications in 2020, which represents a 0.288% annual growth. Out of those 2,090 applicants, 1,445 students were accepted for enrollment, representing a 69.1% acceptance rate.

There were 2,031 students enrolled at New England Institute of Technology in 2020, and N/A% of first-time enrollees submitted SAT scores with their applications.

New England Institute of Technology has an overall enrollment yield of 27.1%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

69.1%

Acceptance Rate in 2020

1,445

Accepted Out of 2,090

In 2020, the undergraduate acceptance rate of New England Institute of Technology was 69.1% (1,445 admissions from 2,090 applications). This is higher than the acceptance rate of 2019, which was 63.2%. Between 2019 and 2020, the number of applicants grew by 0.288%, while admissions grew by 9.72%.

This chart compares the acceptance rate of New England Institute of Technology (in red) with that of other similar universities.

SAT Scores

N/A%

Submission Percentage

Scores Submitted

N/A% of enrolled first-time students at New England Institute of Technology in 2020 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.

Enrollment

New England Institute of Technology has a total enrollment of 2,031 students. The full-time enrollment at New England Institute of Technology is 1,753 students and the part-time enrollment is 278. This means that 86.3% 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 10.2% Hispanic or Latino, 9.65% White, 2.61% Two or More Races, 1.03% Black or African American, 0.345% Asian, 0.0492% American Indian or Alaska Native, and 0% Native Hawaiian or Other Pacific Islanders.

Students enrolled at New England Institute of Technology in full-time Undergraduate programs are most commonly Hispanic or Latino Male (6.65%), followed by Hispanic or Latino Female (3.99%) and White Male (3.23%). Students enrolled in full-time Graduate programs are most commonly White Female (19.5%), followed by White Male (5.75%) and Hispanic or Latino Female (3.45%).

Full-Time vs Part-Time Enrollment

86.3%

Full-Time Enrollment

The total enrollment at New England Institute of Technology, both undergraduate and graduate, is 2,031 students. The full-time enrollment at New England Institute of Technology is 1,753 and the part-time enrollment is 278. This means that 86.3% of students enrolled at New England Institute of Technology are enrolled full-time compared with 44.3% 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.

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 (66%), 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.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity

Hispanic or Latino
207
White
196
Two or More Races
53

The enrolled student population at New England Institute of Technology is 10.2% Hispanic or Latino, 9.65% White, 2.61% Two or More Races, 1.03% Black or African American, 0.345% Asian, 0.0492% American Indian or Alaska Native, and 0% 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 44.2% White, 26% Hispanic or Latino, and 13.5% 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, 1,525 students (75.1%) did not report their race.

Graduates

In 2020, 335 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 unknown (669 degrees awarded). There were 2.45 times more unknown graduates than the next closest race/ethnicity group, white (273 degrees).

The most common Bachelor's Degree concentration at New England Institute of Technology is Registered Nursing (48 degrees awarded), followed by Computer & Information Systems Security (42 degrees) and Radio & Television Broadcasting Technology (27 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 (52 degrees awarded), Engineering Technologies (191 degrees), and Mechanical Technologies (140 degrees).

Workforce

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 (114,988 people), Graphic designers (100,621 people), Elementary & middle school teachers (77,594 people), Postsecondary teachers (63,312 people), and Other designers (63,155 people).

The most specialized majors at New England Institute of Technology are Communication Technologies (52 degrees awarded), Engineering Technologies (191 degrees), Mechanical Technologies (140 degrees), Construction (38 degrees), and Visual & Performing Arts (112 degrees).

Highest Paying Jobs by Major

Lawyers, & judges, magistrates, & other judicial workers

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 Lawyers, & judges, magistrates, & other judicial workers, Chief executives & legislators, Physicians, Real estate brokers & sales agents, and Personal financial advisors

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 (185,569 people), Construction (135,468 people), Colleges, universities & professional schools, including junior colleges (131,506 people), Computer Systems Design (97,840 people), and Specialized design services (60,420 people).

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.

Most Common

N/A
N/A degree-majorss awarded
N/A
N/A degree-majorss awarded
N/A
N/A degree-majorss awarded

In 2020, the most common bachelors degree concentration at New England Institute of Technology was N/A with N/A degrees awarded.

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

Sex Breakdown for Common Majors

740

Degrees Awarded to Men

in 2020

405

Degrees Awarded to Women

in 2020

In 2020, 740 degrees were awarded to men at New England Institute of Technology, which is 1.83 times more than the number of degrees awarded to females (405).

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

Most Common Male Majors

In 2020, 75 degrees were awarded to men at New England Institute of Technology in Automobile Mechanics Technology, which is Infinityk times more than the 0 female recipients with that same degree.

Most Common Female Majors

In 2020, 139 degrees were awarded to women at New England Institute of Technology in Registered Nursing, which is 6.62 times more than the 21 male recipients with that same degree.

Diversity

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.

White Male

Highest Graduation Rate (52.3%)

The student demographic with the highest graduation rate at New England Institute of Technology is Male and White (52.3% graduation rate). Across all Baccalaureate/Associates Colleges, Asian Female students have the highest graduation rate (72.4%).

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, 6.44% of graduates (15 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity

Unknown
669 degrees awarded
White
273 degrees awarded
Hispanic or Latino
114 degrees awarded

The most common race/ethnicity at New England Institute of Technology is unknown (669 degrees awarded). There were 2.45 times more unknown recipients than the next closest race/ethnicity group, white (273 degrees).

58.4% of degree recipients (669 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic

White Male
181 degrees awarded
White Female
92 degrees awarded
Hispanic or Latino Male
77 degrees awarded

The most common race/ethnicity and sex grouping at New England Institute of Technology is white male (181 degrees awarded). There were 1.97 times more white male recipients than the next closest race/ethnicity group, white female (92 degrees).

Operations

New England Institute of Technology has an endowment valued at nearly $224M, as of the end of the 2020 fiscal year. The return on its endowment was of $455k (0.203%), compared to the 2.62% average return ($302k on $11.5M) across all Baccalaureate/Associates Colleges.

In 2020, New England Institute of Technology had a total salary expenditure of $66.6M. New England Institute of Technology employs 44 Assistant professors, 32 Associate professors, and 22 Instructors. Most academics at New England Institute of Technology are Male Assistant professors (27), Male Associate professors(18), and Female Assistant professors (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 48 employees, Office and Administrative Support, with 37 employees, and Management with 19 employees.

Finances

Endowment

$224M

2020 Endowment

1.58%

growth from 2019

New England Institute of Technology has an endowment valued at about $224M, as of the end of the 2020 fiscal year. The endowment of New England Institute of Technology grew 1.58% from the previous year. The value of their endowment was $213M 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.

Government Grants and Contracts

Grants & Contracts

$8.57M - Federal
$522k - State
$0 - Local

As of 2020, New England Institute of Technology received $8.57M in grants and contracts from the federal government, $522k from state grants and contracts, and $0 from local grants and contracts.

Expenses

Salary Expenditure

$29.2M

2020 Salaries

6.44%

decline from 2019

In 2020, New England Institute of Technology paid a median of $29.2M in salaries, which represents 43.8% of their overall expenditure ($66.6M) and a 6.44% decline from the previous year. This is compared to a 2.41% decline from 2018 and a 0.589% growth from 2017.

The median for similar Baccalaureate/Associates Colleges is 10.7M (32% of overall expenditures).

Instructional Salaries

$10.1M

Instructional Salaries

116

Number of Employees

In 2020, New England Institute of Technology paid a total of $10.1M to 116 employees working as instructors, which represents 34.4% of all salaries paid.

This is compared to a median of $3.2M (29.9%) for similar Baccalaureate/Associates Colleges.

Faculty and Staff

Occupations by Share

Assistant professor

Most Common Instructor

44 Employees

Librarians, Curators, Archivists, and Academic Affairs and Other Education Services

Most Common Non-Instructional Employee

48 Employees

In 2020, the most common positions for instructional staff at New England Institute of Technology were Assistant professor with 44 employees; Associate professor with 32 employees; and Associate professor with 22 employees.

In 2020, 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 48 employees; Office and Administrative Support with 37 employees; and Management with 19 employees.

Instructors by Academic Rank and Sex

Most Common Demographic

Male Assistant professor
Male Associate professor
Female Assistant professor

In 2020, the most common demographic for instructional staff at New England Institute of Technology was Male Assistant professor with 27 employees, Male Associate professor with 18 employees, and Female Assistant 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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