Fashion Institute of Technology

In 2022, tuition for full-time students at Fashion Institute of Technology was $7,170 a year for in-state students and $21,692 a year for out-of-state students.

On average, colleges raise tuition about 3% each year.

If this makes attending the college of your dreams sound impossible, remember, the advertized cost of tuition doesn't tell the full story. Many students owe a lot less than the sticker price after grants, scholarships, and tuition discounts are awarded. Additionally, student loans can make the amount you do have to pay out of pocket more manageable until you've finishing school and found a job.

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

Fashion Institute of Technology is a public, state institution, which means it offers a reduced tuition rate of $7,170 for in-state students who attend full-time.

Public colleges and universities receive funding from the state government. Public, state schools can offer lower tuition for students who meet the requirements for in-state residency.

Choosing an insitution where you are eligible for in-state tuition can save students a lot of money on the total cost of attending college. Don't forget to confirm 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

Do International Students Pay More to Go to Fashion Institute of Technology?

FIT has the same tuition for international students as for those from out of state.

Students from outside of the U.S. usually do not qualify for for loans or grants from the U.S. government, but may qualify for private or school-specific grants, scholarships, and other funding opportunities..

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

---

Fashion Institute of Technology Living Expenses, Fees, and More

---

In addition to the cost of tuition, room and board, books, transportation and fees are also costs it consider when estimating the cost of attendance for college. Let's take a look at what impacts these costs, and what to expect at FIT.

Room and Board Costs at FIT

Housing and campus dining at FIT costs $16,296 a year. This includes the cost of living in dorms or other on-campus housing, and a meal plan that enables you to eat all or some of your meals the FIT's on-campus cafeterias and dining halls.

Meal-plan costs may vary depending on how many meals are included in the plan you choose.

Cost of Books at FIT

The cost of books often surprises first-year college students. The actual cost of books depends on the courses you take and the textbooks, computer programs, or other materials are required.. To save money, many students choose to use books from the library or buy used textbooks and materials.

Yearly Fees

Most schools also have fees to help cover the cost of facilties, like the computer labs and libraries, athletic facilities, and more.

Keep in mind, there could also be optional fees associated with participating in special activities, like joining a fraternity or sorority, or participating in sports or other extracurriculars. Many schools offer resources for students with financial need to find ways to lower or eliminate these fees.

The Cost of Transportation at FIT

The total cost of getting around in college depends on a few key factors. Will you drive, fly, or take public transportation to school? Will you need to pay to park on-campus? Is the campus small enough that you can easily walk from class-to-class?? Do you own a car, or will you need to use public transportation? All of these factors can drastically impact your transportation budget.

A school's location can also have a big effect on 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, getting around in a city might be costly, but there may be more trains, busses or low-cost flight options to actually get to school. The Fashion Institute of Technology campus is located in a urban setting in New York, not far from New York City.

Other Costs

When budgeting for college, don’t forget to leave some room in your budget for the cost of things like entertainment, clothes, furnishings and toiletries.

---

Financial Breakdown for Fashion Institute of Technology

---

Now, let’s go over all of the costs we've covered, to get a better estimate of how much students can expect to shell out for FIT.

Total Cost of FIT

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

2022 Total Tuition and Expenses
In-state Tuition	$7,170
Out-of-State Tuition	$21,692
Room and Board	$16,296
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.

---

Financial Aid at Fashion Institute of Technology

---

In 2022, 3,539 of the 7,908 undergrads enrolled received financial aid. FIT meets 61% of the demonstrated financial need for undergraduates.

The average financial aid package for a full-time, first-year student is around $9,807 a year. Around 46.9% of FIT undergrads take out student loans to cover any remaining costs. FIT graduates who have student loans graduate with an average of $23,538 of student loan debt.

The average debt for each loan type varies.

Average Debt By Loan Type
Federal Loans	$19,843
Private Loans	$39,372

Most Common Loans for FIT Students
Federal Loans	45.9%
Private loans	10.7%

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 FIT 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 2022, FIT awarded 2,867 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 $750000 thousand 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 FIT 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 FIT was $9,807 in 2022. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of FIT seem more manageable.

Estimated Net Cost for Full-Time Students
In-State, On-Campus	$7,302
Net In-state, Off-campus	$-787
Out-of-State, On-Campus	$31,631

Note: a negative number can indicate that a refund will be given to use toward other expenses such as housing, fees, and books. In such cases, be sure to reach out to the school directly for any clarification or questions.

What will attending FIT 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 understand the actual cost of attending that school, based on their financial situation. You can find the FIT'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.

Does FIT Offer Tuition Waivers?

Schools sometimes offer tuition waivers to certain groups, to make attending more affordable. Some colleges offer tuition waivers for employees and their family members, underrepresented students, or military students. Even if you qualify for a waiver, students are usually responsible for housing, meal plans, and other expenses.

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

---

Learn More About Fashion Institute of Technology

---

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

Overview

Student Life

Academics

Admissions

Join the conversation about about FIT in the College Confidential forums