How FIT's Financial Aid Changes

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Fashion Institute of Technology since 2013.

For that period, the average number of students who received grants aid/scholarships is 3,980, which is 45.78 % of all undergraduate students. 2,918 students which is 33.11% of undergraduate students received federal student loans and the average loan amount is $6,742.

Year	Grant or Scholarship^*		Pell Grants		Federal Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	3,691 (39%)	$5,462	2,445 (26%)	$4,391	3,357 (35%)	$7,086
2014-15	3,875 (41%)	$5,736	2,515 (26%)	$4,447	3,358 (35%)	$6,910
2015-16	3,798 (40%)	$5,743	2,479 (26%)	$4,456	3,249 (35%)	$6,789
2016-17	3,807 (42%)	$5,792	2,389 (26%)	$4,475	3,097 (34%)	$6,915
2017-18	3,949 (46%)	$6,231	2,503 (29%)	$4,644	2,995 (35%)	$6,745
2018-19	3,993 (47%)	$6,642	2,607 (30%)	$4,811	2,868 (34%)	$6,574
2019-20	4,242 (50%)	$7,473	2,653 (31%)	$4,970	2,748 (32%)	$6,505
2020-21	3,980 (50%)	$7,605	2,495 (31%)	$5,051	2,209 (28%)	$6,568
2021-22	4,485 (57%)	$7,962	2,512 (32%)	$5,017	2,383 (30%)	$6,587
Average	3,980 (45.78%)	$6,516	2,511 (28.56%)	$4,696	2,918 (33.11%)	$6,742

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

Overview

For the last 10 years, on average, 629 (49.22 % of students) received grants or scholarships and its average amount is $6,706. It can cover 29.71% of tuition & fees ($22,572) based on out-of-state rate.

In addition, 504 (39.56 % of students) students get helped from the students loans (average amount : $8,028).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	615 (48%)	$5,407	575 (45%)	$7,999
2014-15	638 (49%)	$5,458	582 (45%)	$7,430
2015-16	555 (45%)	$5,307	533 (43%)	$8,300
2016-17	581 (47%)	$5,480	523 (42%)	$7,843
2017-18	577 (46%)	$6,555	501 (40%)	$7,872
2018-19	645 (49%)	$6,858	516 (39%)	$8,420
2019-20	719 (52%)	$8,510	511 (37%)	$8,597
2020-21	663 (53%)	$8,521	359 (29%)	$7,077
2021-22	666 (54%)	$8,260	439 (36%)	$8,716
Average	629 (49.22%)	$6,706	504 (39.56%)	$8,028

^*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.

^**percentage of number of students receiving aids among all undergraduate students.

Grants/Scholarship

The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 432 (33.89 % of students) received Pell (federal) grants and its average amount is $4,919.

In addition, 444 students received State/local government grants/scholarships (34.67 % of students).

Year	Federal (Pell) Grants		Other Federal		State/Local government		Institutional
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	423 (33%)	$4,630	79 (6%)	$735	451 (35%)	$2,653	182 (14%)	$615
2014-15	425 (33%)	$4,773	94 (7%)	$788	473 (36%)	$2,660	172 (13%)	$707
2015-16	382 (31%)	$4,659	96 (8%)	$784	390 (31%)	$2,443	195 (16%)	$706
2016-17	406 (33%)	$4,601	84 (7%)	$805	427 (34%)	$2,596	188 (15%)	$743
2017-18	411 (33%)	$4,686	107 (9%)	$808	423 (34%)	$3,691	218 (17%)	$957
2018-19	487 (37%)	$5,123	103 (8%)	$817	460 (35%)	$3,593	219 (17%)	$875
2019-20	485 (35%)	$5,191	528 (38%)	$1,677	499 (36%)	$3,789	375 (27%)	$2,200
2020-21	452 (36%)	$5,312	437 (35%)	$1,624	487 (39%)	$3,600	358 (29%)	$2,195
2021-22	421 (34%)	$5,300	583 (47%)	$2,953	389 (32%)	$3,561	164 (13%)	$997
Average	432 (33.89%)	$4,919	235 (18.33%)	$1,221	444 (34.67%)	$3,176	230 (17.89%)	$1,111

^*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.

^**percentage of number of students receiving aids among all undergraduate students..

Student Loans

The following table describes number of students and average amount of loans by loan type. The following table shows the trends of grants or scholarships over time.

For the last 10 years, on average, 504 (39.56 % of students) get any students loan help and its average loan amount is $504.

Year	Total		Federal student loans		Other student loans
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	575 (45%)	$7,999	558 (44%)	$5,750	96 (8%)	$14,491
2014-15	582 (45%)	$7,430	573 (44%)	$5,880	65 (5%)	$14,690
2015-16	533 (43%)	$8,300	528 (43%)	$5,751	94 (8%)	$14,756
2016-17	523 (42%)	$7,843	517 (41%)	$5,671	79 (6%)	$14,810
2017-18	501 (40%)	$7,872	497 (40%)	$5,257	88 (7%)	$15,128
2018-19	516 (39%)	$8,420	510 (38%)	$5,391	95 (7%)	$16,793
2019-20	511 (37%)	$8,597	507 (37%)	$5,454	93 (7%)	$17,505
2020-21	359 (29%)	$7,077	357 (29%)	$5,268	45 (4%)	$14,663
2021-22	439 (36%)	$8,716	433 (35%)	$5,323	72 (6%)	$21,129
Average	504 (39.56%)	$8,028	498 (39.00%)	$5,527	81 (6.44%)	$15,996

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Scholarships, Grants, and Loan Trends at FIT

All Undergraduate Students Financial Aid Over Time

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time