$4,897

Avg. Federal Grant

$5,257

Avg. Federal Loan

$24,604,962

Total Aid Awarded

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Fashion Institute of Technology (FIT) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

46%

Total Aid Amount Average Total Aid Awarded per year.

$24.605M

Financial Aid Official Website

www.fitnyc.edu/financialaid

In order to make the University courses a bit more affordable, the Fashion Institute of Technology (FIT), New York, New York, offers an option of scholarships, grants, and student loans. The amount of financial aid provided by the University depends on the income profile of the students which in turn affects the Net Price payable.

  •  The students who are opting for any sort of financial aid must file for the Free Application for Federal Student Aid (FAFSA) form. The federal school code (FAFSA code) which is 002866.

  •  One must provide residency proof and family income proof before applying for financial assistance.

  • The average institutional aid received per year sums up to $24,604,962 that is benefited 46% of the net student population.

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Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

33%

State Grant Aid

34%

Institution Grant Aid

17%

Pell Grant

33%

Average Aid Awarded

Federal Grant Aid

$4,897

State Grant Aid

$3,691

Institution Grant Aid

$957

Pell Grant

$4,686

The financial aid is awarded on the following manners:

  • An estimated 33% of the students undergoing any University Major program avails a Federal Grant Aid worth $4,897.

  • 33% of students are benefited by the Pell Grants worth $ 4,686.

  • The State Grant Aid provides assistance of $3,691.

  • 17% of the students avail Institutional Grant Aid worth $957.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$10,571

$30,001 - $48,000

$7,459

$48,001 - $75,000

$5,004

$75,001 - $110,000

$2,925

Over $110,000

$368

The Federal-Aid provided by the University depends on the Net Family income as listed in the points below:

  • For income ranging from $0 to $30,000, the average Federal Aid issued is $10,571.

  • For $30,001 to $48,000, the net assistance given becomes around $7,459.

  • Income ranges from $48,001 to $75,000, the aid amount becomes $5,004.

  • For more than $75,001 to $110,000, the average Federal Aid is $2,925.

  • For income more than the above range, the payable net price would be $368.

Student Loans for Fashion Institute of Technology (FIT)

Average Loan Amount Average Loan Amount received per year.

$7,872/Year

Students Taking Out Loans

40%

Loan Default Rate

4.3%

Explore Tuition & Cost Breakdown Explore Best Student Loans

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