How NYIT'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 New York Institute of Technology since 2013.

For that period, the average number of students who received grants aid/scholarships is 3,176, which is 83.78 % of all undergraduate students. 1,864 students which is 48.89% of undergraduate students received federal student loans and the average loan amount is $6,640.

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	3,539 (79%)	$14,105	1,604 (36%)	$4,161	2,349 (53%)	$7,311
2014-15	3,208 (75%)	$14,516	1,531 (36%)	$4,240	2,030 (47%)	$6,842
2015-16	3,115 (77%)	$17,369	1,454 (36%)	$4,434	1,903 (47%)	$6,753
2016-17	3,038 (85%)	$20,015	1,477 (41%)	$4,713	1,864 (52%)	$6,606
2017-18	3,096 (84%)	$21,613	1,504 (41%)	$5,012	1,836 (50%)	$6,572
2018-19	3,090 (85%)	$22,576	1,403 (38%)	$5,019	1,810 (50%)	$6,470
2019-20	3,253 (88%)	$24,359	1,432 (39%)	$5,237	1,764 (48%)	$6,399
2020-21	3,086 (89%)	$24,967	1,363 (39%)	$5,371	1,642 (47%)	$6,385
2021-22	3,155 (92%)	$27,016	1,488 (44%)	$5,483	1,576 (46%)	$6,422
Average	3,176 (83.78%)	$20,726	1,473 (38.89%)	$4,852	1,864 (48.89%)	$6,640

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

Overview

For the last 10 years, on average, 746 (96.89 % of students) received grants or scholarships and its average amount is $24,466. It can cover 55.15% of tuition & fees ($44,360).

In addition, 419 (54.56 % of students) students get helped from the students loans (average amount : $6,474).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	738 (95%)	$16,553	459 (59%)	$6,745
2014-15	628 (92%)	$19,090	349 (51%)	$6,017
2015-16	665 (95%)	$21,330	392 (56%)	$6,225
2016-17	655 (96%)	$23,605	410 (60%)	$6,738
2017-18	845 (99%)	$25,949	466 (54%)	$6,383
2018-19	833 (99%)	$26,724	491 (58%)	$6,521
2019-20	805 (99%)	$27,876	424 (52%)	$6,950
2020-21	673 (98%)	$28,670	378 (55%)	$6,160
2021-22	870 (99%)	$30,398	405 (46%)	$6,530
Average	746 (96.89%)	$24,466	419 (54.56%)	$6,474

^*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, 352 (45.67 % of students) received Pell (federal) grants and its average amount is $5,053.

In addition, 323 students received State/local government grants/scholarships (42.22 % 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	301 (39%)	$4,441	63 (8%)	$794	349 (45%)	$3,073	696 (90%)	$14,018
2014-15	296 (44%)	$4,849	55 (8%)	$957	310 (46%)	$3,498	621 (91%)	$15,163
2015-16	304 (43%)	$4,974	58 (8%)	$903	329 (47%)	$4,021	663 (95%)	$17,039
2016-17	321 (47%)	$4,743	52 (8%)	$775	292 (43%)	$3,431	651 (96%)	$19,811
2017-18	407 (47%)	$5,133	76 (9%)	$924	357 (42%)	$3,595	838 (98%)	$22,058
2018-19	394 (47%)	$5,108	95 (11%)	$660	360 (43%)	$3,604	823 (98%)	$22,950
2019-20	389 (48%)	$5,284	674 (83%)	$559	360 (44%)	$3,522	800 (98%)	$23,425
2020-21	323 (47%)	$5,378	585 (85%)	$991	226 (33%)	$3,760	672 (98%)	$24,000
2021-22	429 (49%)	$5,565	814 (93%)	$1,765	325 (37%)	$3,843	864 (99%)	$24,738
Average	352 (45.67%)	$5,053	275 (34.78%)	$925	323 (42.22%)	$3,594	736 (95.89%)	$20,356

^*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, 419 (54.56 % of students) get any students loan help and its average loan amount is $419.

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	459 (59%)	$6,745	454 (59%)	$5,683	40 (5%)	$12,895
2014-15	349 (51%)	$6,017	347 (51%)	$5,229	20 (3%)	$14,263
2015-16	392 (56%)	$6,225	387 (55%)	$5,186	29 (4%)	$14,948
2016-17	410 (60%)	$6,738	399 (59%)	$5,399	38 (6%)	$16,011
2017-18	466 (54%)	$6,383	461 (54%)	$5,266	33 (4%)	$16,563
2018-19	491 (58%)	$6,521	484 (57%)	$5,136	39 (5%)	$18,357
2019-20	424 (52%)	$6,950	416 (51%)	$5,130	46 (6%)	$17,662
2020-21	378 (55%)	$6,160	373 (54%)	$5,028	31 (5%)	$14,614
2021-22	405 (46%)	$6,530	399 (45%)	$5,147	37 (4%)	$15,981
Average	419 (54.56%)	$6,474	413 (53.89%)	$5,245	35 (4.67%)	$15,699

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Scholarships, Grants, and Loan Trends at NYIT

All Undergraduate Students Financial Aid Over Time

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