univstats
Number Received Financial Aid (All Undergraduate) 4,485
Percent Received Financial Aid(All Undergraduate) 57%
Average Aid Amount $7,962
Number Received Financial Aid (Freshmen) 906
Percent Received Financial Aid (Freshmen) 73%

Financial Aid Information at FIT

For the academic year 2021-2022, a total of 4,485 students (57% of undergraduate students) received one or more financial aid including grants, scholarships, and/or student loans. The average financial aid amount is $7,962. For freshmen (Full-time, first-time degree-seeking undergraduate students), 906 students (73% of enrolled students) received financial aid.
The 2024 undergraduate tuition & fees at Fashion Institute of Technology is $6,170 for New York residents and $16,750 for out-of-state students, for reference.

All Undergraduate Students Financial Aid

For the academic year 2021-2022, a total of 4,485 students (57% of all students) have received grants or scholarships and the average received aid amount is $7,962. It includes federal, state, local, institutional, or other sources of grant aid. The following table describes the financial aid statistics by aid types at Fashion Institute of Technology for all undergraduate students.
Undergraduate Student Financial Aid at Fashion Institute of Technology
Type of AidNumber Receiving AidPercent Receiving AidAverage Amount of Aid Received
Federal, state, local, institutional or other grant aid4,48557%$7,962
Pell Grants2,51232%$5,017
Federal Student Loans2,38330%$6,587

Beginning Students Financial Aid

a total of 906 beginning students (73% of all freshmen) have received any financial aid and 833 students (68% of all freshmen) awarded any student loans. The headcount includes the number of full-time, first-time degree-seeking beginning undergraduate students. The below table shows the number and amount by the source of financial aid at Fashion Institute of Technology.
Beginning Students (Freshmen) Financial Aid at Fashion Institute of Technology
Type of AidNumber Receiving AidPercent Receiving AidAverage Amount of Aid Received
Any Student Financial Aid90673%-
Grants or Scholarship from All Sources66654%$8,260
Federal Grants58748%$6,734
Pell Grants42134%$5,300
Other Federal Grants58347%$2,953
State/Local Grants38932%$3,561
Institutional Grants16413%$997
Student Loans43936%$8,716
Federal Student Loans43335%$5,323
Other Student Loans726%$21,129

Students Headcount by Living Status

For academic year 2021-2022, total 438 full-time beginning students have enrolled and attended Fashion Institute of Technology. Among them, 167 students have lived on campus and 59 students lived off campus (without family). The following table shows the students count by living status and years.
Student Headcount by Living Location/Setting at Fashion Institute of Technology
Living Status201920202021
Living On-Campus181149167
Living Off-Campus with Family326358206
Living Off-Campus without Family191859

Grants and Scholarship Aid By Income Level (Paying In-State Tuition)

The following table shows number of students who paid the in-state or in-district tuition rate and were awarded any grant/scholarship by income level for academic year 2021-2022 . The sources of grants and scholarship aid are the federal government, state/local government, or the institution.
Grants of Scholarship Aid Statistics By Income Level at Fashion Institute of Technology
Income LevelNumber of StudentsNumber of Students AwardedTotal Amount Aid Awarded Average Amount Aid Awarded
All level418332$2,908,233$6,957
$0 - $30,000143143$1,621,401$11,338
$30,001 - $48,0009593$926,133$9,749
$48,001 - $75,0005655$250,190$4,468
$75,001 - $110,0003932$90,944$2,332
$110,001 or more859$19,565$230