Over the past 10 years (2013-2022), 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.

For full-time, first-time beginning students (freshmen), 96.89% of students received grants or scholarships and 55% of students received student loans.

All Undergraduate Students Financial Aid Over Time

The following table shows 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.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-143,539 (79%)$14,1051,604 (36%)$4,1612,349 (53%)$7,311
2014-153,208 (75%)$14,5161,531 (36%)$4,2402,030 (47%)$6,842
2015-163,115 (77%)$17,3691,454 (36%)$4,4341,903 (47%)$6,753
2016-173,038 (85%)$20,0151,477 (41%)$4,7131,864 (52%)$6,606
2017-183,096 (84%)$21,6131,504 (41%)$5,0121,836 (50%)$6,572
2018-193,090 (85%)$22,5761,403 (38%)$5,0191,810 (50%)$6,470
2019-203,253 (88%)$24,3591,432 (39%)$5,2371,764 (48%)$6,399
2020-213,086 (89%)$24,9671,363 (39%)$5,3711,642 (47%)$6,385
2021-223,155 (92%)$27,0161,488 (44%)$5,4831,576 (46%)$6,422
Average3,176 (83.78%)$20,7261,473 (38.89%)$4,8521,864 (48.89%)$6,640
*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.

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

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
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14738 (95%)$16,553459 (59%)$6,745
2014-15628 (92%)$19,090349 (51%)$6,017
2015-16665 (95%)$21,330392 (56%)$6,225
2016-17655 (96%)$23,605410 (60%)$6,738
2017-18845 (99%)$25,949466 (54%)$6,383
2018-19833 (99%)$26,724491 (58%)$6,521
2019-20805 (99%)$27,876424 (52%)$6,950
2020-21673 (98%)$28,670378 (55%)$6,160
2021-22870 (99%)$30,398405 (46%)$6,530
Average746 (96.89%)$24,466419 (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.

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) GrantsOther Federal State/Local governmentInstitutional
Number Received (percent)Average AmountNumber Received (percent)Average Amount Number Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14301 (39%)$4,44163 (8%)$794349 (45%)$3,073696 (90%)$14,018
2014-15296 (44%)$4,84955 (8%)$957310 (46%)$3,498621 (91%)$15,163
2015-16304 (43%)$4,97458 (8%)$903329 (47%)$4,021663 (95%)$17,039
2016-17321 (47%)$4,74352 (8%)$775292 (43%)$3,431651 (96%)$19,811
2017-18407 (47%)$5,13376 (9%)$924357 (42%)$3,595838 (98%)$22,058
2018-19394 (47%)$5,10895 (11%)$660360 (43%)$3,604823 (98%)$22,950
2019-20389 (48%)$5,284674 (83%)$559360 (44%)$3,522800 (98%)$23,425
2020-21323 (47%)$5,378585 (85%)$991226 (33%)$3,760672 (98%)$24,000
2021-22429 (49%)$5,565814 (93%)$1,765325 (37%)$3,843864 (99%)$24,738
Average352 (45.67%)$5,053275 (34.78%)$925323 (42.22%)$3,594736 (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.

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.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14459 (59%)$6,745454 (59%)$5,68340 (5%)$12,895
2014-15349 (51%)$6,017347 (51%)$5,22920 (3%)$14,263
2015-16392 (56%)$6,225387 (55%)$5,18629 (4%)$14,948
2016-17410 (60%)$6,738399 (59%)$5,39938 (6%)$16,011
2017-18466 (54%)$6,383461 (54%)$5,26633 (4%)$16,563
2018-19491 (58%)$6,521484 (57%)$5,13639 (5%)$18,357
2019-20424 (52%)$6,950416 (51%)$5,13046 (6%)$17,662
2020-21378 (55%)$6,160373 (54%)$5,02831 (5%)$14,614
2021-22405 (46%)$6,530399 (45%)$5,14737 (4%)$15,981
Average419 (54.56%)$6,474413 (53.89%)$5,24535 (4.67%)$15,699

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