by our College Data Analytics TeamMost students will never be charged the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The price tag of going to Fashion Institute of Technology can appear tremendous, but do not forget that almost all students obtain some kind of financial help.
What financial assistance options will FIT SUNY offer, and what will you qualify for? Read on for more information. Keep scrolling to discover just how much financial aid could be open to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. The information provided on this page can help you determine how much aid you may receive from Fashion Institute of Technology.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. However, some types of aid are more desirable than others, and some students will receive more than others.
For freshmen starting at Fashion Institute of Technology, 69% of first-year full-time students received aid of some kind some 891 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 43% | $8,304 |
| Institutional grants & scholarships | 13% | $1,971 |
| Federal Pell grants | 34% | $6,082 |
| State/local grants | 29% | $3,885 |
| Federal student loans | 37% | $5,246 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Here, approximately 46% of the undergraduate population received grant aid that averaged $7,766 (for some 3599 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 46% | $7,766 |
| Federal Pell grants | 32% | $5,902 |
| Federal student loans | 30% | $6,566 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $7,743.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $18,125 |
| $30,001 – $75,000 | $21,416 |
| Over $75,000 | $27,925 |
Remember these are net prices — what families pay after gift aid, not before.
Net price is the average annual cost after grants and scholarships are subtracted from the published cost of attendance — the figure closest to what a typical aid-receiving student actually pays.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $19,095 |
| Off-campus title-IV students | $22,024 |
For an estimate tailored to your family circumstances, see FIT SUNY’s online cost calculator: www.fitnyc.edu/admissions/costs/net-price-calculator.php.
The median student at FIT SUNY graduates with $12,000 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $12,000 |
| Median federal debt (graduates only) | $12,000 |
| Typical 10-year monthly payment (graduates) | $127.22/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
A single median figure conceals how much debt outcomes differ student to student. The four reference points below map the debt distribution at FIT SUNY.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,500 |
| 25th percentile | $7,517 |
| 75th percentile | $25,750 |
| 90th percentile (highest-debt students) | $30,500 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $12,116 |
| Middle income | $12,000 |
| High income | $12,000 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,000 |
| Continuing-generation students | $12,000 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $12,000 |
| Independent students | $15,750 |
A handful of calculated indicators summarize the debt outlook at FIT SUNY.
The Stafford program is the federal direct-loan vehicle most undergraduates use. Below is the annual Stafford program activity at FIT SUNY:
| Metric | Value |
|---|---|
| Stafford loan recipients | 18708 |
| Total Stafford loan amount | $305,204,737 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 49 |
| Total GI Bill amount | $285,082 |
| Average GI Bill amount per recipient | $5,818 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 1 |
| Total DoD amount | $2,000 |
| Average DoD amount per recipient | $2,000 |
References
More about our data sources and methodologies.