Fashion Institute of Technology

In 2022, FIT's tuition was $7,170 a year for in-state students and $21,692 a year for out-of-state students.

Usually, college tuition goes up about 3% every year.

If this information makes going to college sound impossible, remember, the "sticker price" of tuition does not tell the full story. Many students find the actual cost of college is much less than the sticker price after grants, scholarships, and tuition discounts kick in. Plus, student loans can make theprice of collegemore manageable until you've finishing school and found a job.

Tuition for international students at Fashion Institute of Technology is $21,692 per year.

Fashion Institute of Technology meets 49% of the demonstrated financial need for undergraduates. First-year students that attend Fashion Institute of Technology full-time are awarded $12,699 a year in financial aid, on average.

Graduates in the class of 2023 had an average of $24,599 in student loans per borrower.

In-state vs. Out-of-state Tuition at Fashion Institute of Technology

Fashion Institute of Technology is a public, state institution, so it offers a reduced tuition rate of $7,170 for students who qualify as state residents and attend full-time. For students who are not considered New York-residents, out-of-state tuition is $21,692 a year.

Public schools receive funds from the state to help them cover costs. Public insitutions often offer reduced tuition for students who are residents of that state.

Attending a college where you are eligible for in-state tuition can save significant money on the cost of tuition, as well as loans and interest owed. Take the time to check your state's eligibility criteria for in-state tuition. Every state has its own rules about what makes someone eligible for in-state tuition. The most common requirement is that students must have lived in the state for a full year before starting school. There may be additional requirements too, depending on where you live.

Explore other New York colleges

Is Fashion Institute of Technology's Tuition Different for International Students?

Fashion Institute of Technology has the same tuition for international students as for those from out of state.

International students at Fashion Institute of Technology can expect to pay around $21,692 per year, before any scholarships or financial aid.

Students from outside of the U.S. are not eligible for loans or grants from the U.S. government, but should research private or Fashion Institute of Technology-specific grants, scholarships, and other funding opportunities.

International students without financial need may be eligible for merit-based institutional scholarships.

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Fashion Institute of Technology Room, Board, Fees, and More

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In addition to the cost of tuition, there are other costs associated with college, like room and board, facility fees, and books and supplies. Let's take a look at what impacts these costs, and what to expect at Fashion Institute of Technology.

Room and Board Costs at Fashion Institute of Technology

Room and board at Fashion Institute of Technology costs $24,623 a year. This number includes the cost of living in dorms or other on-campus housing, plus a meal plan that allows you to eat in the Fashion Institute of Technology's on-campus cafeterias and dining halls. Students who live off campus but would like to be able to eat in the campus dining can opt-in for a meal plan. The cost of a mean plan, or board-only, is $21,200.

Board costs can depend on how many meals are included in the plan you choose.

Cost of Books at Fashion Institute of Technology

The cost of books often surprises first-year college students. The real cost of books and supplies depends on the courses you take and what kinds of books and materials they require. To save money, many students choose to use books from the library or buy used textbooks and materials.

Yearly Fees

Most schools charge some yearly fees to help cover the cost of facilties, like the library, gym and computer labs.

There may be optional fees associated with participating in certain activities, like joining a fraternity or sorority, or participating in sports or other extracurriculars. Many schools have ways for students who may struggle to participate because of cost can get help covering these costs.

Transportation costs

The cost of transportation in college can really vary. Will you take a subway, car or an airplane to get to school? Will you need to pay to park on-campus? Is the campus easy to get around on foot? Do you plan to bring a car or will you need to use public transportation? All of these factors can make a big difference in your estimated cost of transportation.

A school's location can impact your transportation budget. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the flip side, transportation in a city is sometimes pricey, but there may be more trains, busses and low-cost flight options to actually get to school. The Fashion Institute of Technology campus is in a city in New York, near New York City.

Other Costs

When budgeting for college, be sure to take into account the cost of things like entertainment, clothes, furnishings and toiletries.

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Financial Breakdown for Fashion Institute of Technology

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Now, let’s look at the breakdown of all expenses, to get a better estimate of what is really costs to go to Fashion Institute of Technology.

How Much Does Fashion Institute of Technology Cost?

What will the cost of attending Fashion Institute of Technology be? Here is a breakdown of tuition and expenses.

2023 Total Tuition and Expenses
In-state Tuition	$7,170
Out-of-State Tuition	$21,692
Room and Board	$24,623
Board Only	$5,800
Other expenses	$1,600

The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.

Tuition and fees may vary depending on program, course level, location, and more.

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Financial Aid at Fashion Institute of Technology

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In 2023, 3,679 of the 7,872 undergrads enrolled received financial aid. Fashion Institute of Technology meets 49% of the demonstrated financial need for undergraduates.

The average financial aid package for a full-time, first-year student is around $12,699 a year. Around 43% of Fashion Institute of Technology undergrads take out student loans to cover any remaining costs. Fashion Institute of Technology graduates who have student loans graduate with an average of $24,599 of student loan debt.

The average debt for each loan type varies.

Average Debt By Loan Type
Federal Loans	$19,776
Private Loans	$41,995

Most Common Loans for Fashion Institute of Technology Students
Federal Loans	42%
Private loans	12%

Most students take out institutional or government loans, because they tend to have lower interest rates and more flexible repayment options than private loans. Loans from the federal government can be subsidized or unsubsidized. Subsidized loans do not accrue interest during school, while unsubsidized loans begin accruing interest at the time the loan is issued. If students do no qualify for enough federal loans to cover the cost of tuition, some take out private loans. Parents can also take out ParentPLUS loans, which are government loans for parents who are helping their children pay for college.

The Free Application for Federal Student Aid (FAFSA) helps colleges determine how much financial need students and their familes have, so they can offer a financial aid package that meets, or come close to meeting, their need. For more information on Fashion Institute of Technology financial aid, keep reading, or visit their financial aid website.

Scholarships at Fashion Institute of Technology

Some students may receive grants and scholarships to help pay for college. Unlike loans, scholarships and grants do not have to be paid back.

In 2023, Fashion Institute of Technology awarded 2,836 need-based scholarships to students, giving away total of $21.3 million to help students with financial need cover the cost of school. An additional $710,000 in merit-based scholarship money was awarded to students without demonstrated financial need.

Fashion Institute of Technology Net Cost

The net price of college is the actual cost of attending a school for one year. Net cost is calculated by subtracting any scholarships, grants or other aid that does not need to be paid back from the total cost. Student loans are not part of the calculation, because they need to be repaid.

Now that we have a sense of the total estimated costs for Fashion Institute of Technology students, we can subtract the average financial aid package to find the estimated net cost. Net cost can vary depending on a students’ need and the financial aid award received.

When considering whether a school fits your budget, it is important to consider the estimated net cost, not just the sticker price of tuition. Often, schools with the highest tuition also offer the most generous aid packages, so estimate your net cost before eliminating a school because it does fit your budget.

The average amount of financial aid received by a full-time first year student with demonstrated need at Fashion Institute of Technology was $12,699 in 2023. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Fashion Institute of Technology seem more manageable.

Estimated Net Cost for Full-Time Students
In-State, On-Campus	$8,915
Net In-state, Off-campus	$2,791
Out-of-State, On-Campus	$36,136

What will attending Fashion Institute of Technology really cost you? The answer depends on several factors.

As of 2011, colleges are required to have a net price calculator on their website to help prospective students and their families make more informed decisions about the actual cost of attending that school, based on their financial situation. You can find the Fashion Institute of Technology's net cost calculator on their website.

Fashion Institute of Technology Tuition Payment Plans

Some students choose to use payment plans to make the cost of tuition fit more comfortably in their budget.

Students cannot pay tuition in installments. Contact the financial aid office to verify this and discuss options.

FIT Tuition Waivers

Schools sometimes waiver tuition for certain groups, to make attending more affordable. Some schools offer tuition waivers for faculty, staff, and their families , underrepresented students, or military students. Even with a tuition waiver, other expenses and fees are the responsibility of the student.

Check the financial aid website for more information on payment plans and tuition waivers.

Fashion Institute of Technology's Endowment

An endowment is the total value of a school's investments, donations, and assets. Endowment is not necessarily an indicator of the quality of a school, but it can give you a sense of how much money a college can afford to invest in expanding programs, improving facilities, and supporting students.

As of 2022, the total market value of Fashion Institute of Technology's endowment was $48.2 million. The average college endowment was $905 million in 2021.

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Learn More About Fashion Institute of Technology

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Click below to find out more about the admissions requirements and deadlines, student life, academics, majors and more.

Overview

Student Life

Academics

Admissions

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