New England Institute of Technology

www.neit.edu/

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2021 Undergraduate Tuition

$30,900

3% growth from 2020

2021 Average Net Price

$34,721

After Financial Aid

2019 Student Loan

0.235%

Default Rate

2021 Acceptance Rate

68.5%

2,058 Applicants

2021 Enrolled Students

1,907

87.1% Full-Time

2021 Graduation Rate

49.3%

205 Graduates

About

New England Institute of Technology is a higher education institution located in Kent County, RI. In 2021, the most popular Associates Degree concentrations at New England Institute of Technology were Registered Nursing (156 degrees awarded), Automobile Mechanics Technology (86 degrees), and Computer Systems Networking & Telecommunications (43 degrees).

In 2021, 1,089 degrees were awarded across all undergraduate and graduate programs at New England Institute of Technology. 40% of these degrees were awarded to women, and 60% awarded men. The most common race/ethnicity group of degree recipients was white (674 degrees), 7.41 times more than then the next closest race/ethnicity group, hispanic or latino (91 degrees).

The median undergraduate tuition at New England Institute of Technology is $30,900, which is $19,116 more than the national average for Baccalaureate/Associates Colleges ($11,784).

Baccalaureate/Associates Colleges: Mixed Baccalaureate/Associates Baccalaureate/Associates Colleges

Costs

In 2021, the median undergraduate tuition at New England Institute of Technology is $30,900, which is $19,116 more than the national average for Baccalaureate/Associates Colleges ($11,784).

After taking grants and loans into account, the average net price for students is $34,721.

In 2021, 95% of undergraduate students attending New England Institute of Technology received financial aid through grants. Comparatively, 76% of undergraduate students received financial aid through loans.

Tuition Costs

$30,900

2021 Undergraduate Tuition

In 2021, the cost of tuition at New England Institute of Technology was $30,900. The cost of tuition at New England Institute of Technology is $19,116 more than than the overall (public and private) national average for Baccalaureate/Associates Colleges ($11,784).

This chart compares the tuition costs of New England Institute of Technology (in red) with those of other similar universities.

Average Net Price

$34,721

2021 Value

3.09%

1 Year Growth

In 2021 New England Institute of Technology had an average net price — the price paid after factoring in grants and loans — of $34,721. Between 2020 and 2021, the average net price of New England Institute of Technology grew by 3.09%.

This chart compares the average net price of New England Institute of Technology (in red) with that of other similar universities.

Average net price is calculated from full-time beginning undergraduate students who were awarded a grant or scholarship from federal, state or local governments, or the institution.

Other Student Expenses

$11,595

Room and Board

$1,944

Books and Supplies

The average yearly cost of room and board at New England Institute of Technology was of $11,595 in 2021. The cost of room and board did not change between 2020 and 2021.

During the same period, the average yearly cost of books and supplies was $1,944. The cost of books and supplies increased by 27.8% during the same period.

This chart compares the average student costs at New England Institute of Technology (in red) with that of similar universities.

Financial Aid by Income Level

95%

Undergraduates Receiving Financial Aid through Grants

76%

Undergraduates Receiving Financial Aid through Loans

95% of undergraduate students at New England Institute of Technology received financial aid through grants or loans in 2021. This represents a growth of 20.3% with respect to 2020, when 79% of undergraduate students received financial aid.

This chart compares the average award discount at New England Institute of Technology (in red) with that of other similar universities.

The average award discount is the ratio between the average grant or scholarship value, and the cost, which is the sum of out-of-state tuition, room, board, book, supplies, and other expenses.

Student Loan Default Rate

Cohort default rates only account for borrowers who default in the first three years, and some schools only have a small proportion of borrowers entering repayment. These rates should be interpreted with caution, as they may not be reflective of the entire school population.

0.235%

2019 Default Rate

Number of Defaults

In 2019 the default rate for borrower's at New England Institute of Technology was 0.235%, which represents 3 out of the 1276 total borrowers.

A cohort default rate is the percentage of a school's borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year.

Admissions

New England Institute of Technology received 2,058 undergraduate applications in 2021, which represents a 1.53% annual growth. Out of those 2,058 applicants, 1,409 students were accepted for enrollment, representing a 68.5% acceptance rate.

There were 1,907 students enrolled at New England Institute of Technology in 2021. 8% of first-time enrollees submitted SAT scores with their applications.

New England Institute of Technology has an overall enrollment yield of 27%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

68.5%

Acceptance Rate in 2021

1,409

Accepted Out of 2,058

In 2021, the undergraduate acceptance rate of New England Institute of Technology was 68.5% (1,409 admissions from 2,058 applications). This is lower than the acceptance rate of 2020, which was 69.1%. Between 2020 and 2021, the number of applicants grew by 1.53%, while admissions declined by −2.49%..

This chart compares the acceptance rate of New England Institute of Technology (in red) with that of other similar universities, and the chart below shows the acceptance rate by gender.

SAT Scores

Submission Percentage (2021)

Scores Submitted (2021)

8% of enrolled first-time students at New England Institute of Technology in 2021 submitted SAT scores with their applications.

This chart shows the SAT scores for the 25th and 75th percentile of applicants broken out into each section of the test that their are evaluated on.

Enrollment

New England Institute of Technology had a total enrollment of 1,907 students in 2021. The full-time enrollment at New England Institute of Technology is 1,661 students and the part-time enrollment is 246. This means that 87.1% of students enrolled at New England Institute of Technology are enrolled full-time.

The enrolled student population at New England Institute of Technology, both undergraduate and graduate, is 59.2% White, 10.5% Hispanic or Latino, 7.18% Black or African American, 2.41% Asian, 2.31% Two or More Races, 0.315% American Indian or Alaska Native, and 0.105% Native Hawaiian or Other Pacific Islanders.

Students enrolled at New England Institute of Technology in full-time Undergraduate programs are most commonly White Male (37.5%), followed by White Female (22.4%) and Hispanic or Latino Male (7.03%). Students enrolled in full-time Graduate programs are most commonly White Female (37%), followed by White Male (14.5%) and Asian Female (8.7%).

Full-Time vs Part-Time Enrollment

87.1%

Full-Time Enrollment

The total enrollment at New England Institute of Technology in 2021, both undergraduate and graduate, is 1,907 students. The full-time enrollment at New England Institute of Technology is 1,661 and the part-time enrollment is 246. This means that 87.1% of students enrolled at New England Institute of Technology are enrolled full-time compared with 42.4% at similar Baccalaureate/Associates Colleges.

This chart shows the full-time vs part-time enrollment status at New England Institute of Technology (in red) compares to similar universities.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2021)

White
1,128 enrolled students
Hispanic or Latino
200 enrolled students
Black or African American
137 enrolled students

The enrolled student population at New England Institute of Technology is 59.2% White, 10.5% Hispanic or Latino, 7.18% Black or African American, 2.41% Asian, 2.31% Two or More Races, 0.315% American Indian or Alaska Native, and 0.105% Native Hawaiian or Other Pacific Islanders. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Baccalaureate/Associates Colleges is 43.3% White, 26.7% Hispanic or Latino, and 13.8% Black or African American.

Any student who is studying in the United States on a temporary basis is categorized as a "Non-Resident Alien", and the share of those students are shown in the chart below. Additionally, 331 students (17.4%) did not report their race.

Graduates

In 2021, 217 fewer women than men received degrees from New England Institute of Technology. The most common race/ethnicity group of degree recipients at New England Institute of Technology is white (674 degrees awarded). There were 7.41 times more white recipients than the next closest race/ethnicity group, hispanic or latino (91 degrees).

The most common Associates Degree concentration at New England Institute of Technology is Registered Nursing (156 degrees awarded), followed by Automobile Mechanics Technology (86 degrees) and Computer Systems Networking & Telecommunications (43 degrees).

In 2021, the most specialized majors across all degree types at New England Institute of Technology, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Communication Technologies (60 degrees awarded), Engineering Technologies (125 degrees), and Mechanical Technologies (130 degrees).

Common Jobs by Major

Other managers

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at New England Institute of Technology are Other managers (113,971 people), Graphic designers (92,413 people), Elementary & middle school teachers (86,193 people), Other designers (63,588 people), and Postsecondary teachers (59,085 people).

The most specialized majors at New England Institute of Technology in 2021 are Communication Technologies (60 degrees awarded), Engineering Technologies (125 degrees), Mechanical Technologies (130 degrees), Construction (40 degrees), and Visual & Performing Arts (93 degrees) (as of 2021).

Highest Paying Jobs by Major

Cardiovascular technologists and technicians

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at New England Institute of Technology are Cardiovascular technologists and technicians, Surgeons, Chief executives & legislators, Physicians, and Physician assistants

The most specialized majors at New England Institute of Technology are Communication Technologies (60 degrees awarded), Engineering Technologies (125 degrees), Mechanical Technologies (130 degrees), Construction (40 degrees), and Visual & Performing Arts (93 degrees) (as of 2021).

Common Industries by Major

Elementary & secondary schools

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at New England Institute of Technology are Elementary & secondary schools (183,964 people), Construction (134,583 people), Colleges, universities & professional schools, including junior colleges (132,413 people), Computer Systems Design (111,954 people), and Specialized design services (61,752 people).

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by New England Institute of Technology.

Most Common (2021)

Registered Nursing
156 degree-majors awarded
Automobile Mechanics Technology
86 degree-majors awarded
Computer Systems Networking & Telecommunications
43 degree-majors awarded

In 2021, the most common associates degree concentration at New England Institute of Technology was Registered Nursing with 156 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from associates degree programs at New England Institute of Technology according to their major.

Sex Breakdown for Common Majors

653

Degrees Awarded to Men

in 2021

436

Degrees Awarded to Women

in 2021

In 2021, 653 degrees were awarded to men at New England Institute of Technology, which is 1.5 times more than the number of degrees awarded to females (436).

This chart displays the sex disparity between the top 5 majors at New England Institute of Technology by degrees awarded.

Most Common Male Majors

In 2021, 84 degrees were awarded to men at New England Institute of Technology in Automobile Mechanics Technology, which is 42 times more than the 2 female recipients with that same degree.

Most Common Female Majors

In 2021, 168 degrees were awarded to men at New England Institute of Technology in Registered Nursing, which is 6.72 times more than the 25 male recipients with that same degree.

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.

Asian Male

Highest Graduation Rate (75%)

The student demographic with the highest graduation rate in 2021 at New England Institute of Technology is Male and Asian (75% graduation rate). Across all Baccalaureate/Associates Colleges, Asian Female students have the highest graduation rate (72.9%).

The department of education defines graduation rate as the percentage of full-time, first-time students who received a degree or award within 150% of "normal time" to completion.

The National Center for Education Statistics (NCES) categorizes any student who is studying in the United States on a temporary basis as a "Non-Resident Alien", and the graduation rate of those students is shown in the chart below. Additionally, 16.1% of graduates (33 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2021)

White
674 degrees awarded
Hispanic or Latino
91 degrees awarded
Black or African American
44 degrees awarded

The most common race/ethnicity at New England Institute of Technology is white (674 degrees awarded). There were 7.41 times more white recipients than the next closest race/ethnicity group, hispanic or latino (91 degrees).

20% of degree recipients (218 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2021)

White Male
382 degrees awarded
White Female
292 degrees awarded
Hispanic or Latino Male
52 degrees awarded

The most common race/ethnicity and sex grouping at New England Institute of Technology is white male (382 degrees awarded). There were 1.31 times more white male recipients than the next closest race/ethnicity group, white female (292 degrees).

Operations

New England Institute of Technology has an endowment valued at nearly $265M, as of the end of the 2021 fiscal year. The return on its endowment was of 43M (16.2%) compared to the 1.05% average return (152k on 14.5M) across all Baccalaureate/Associates Colleges.

In 2021, New England Institute of Technology had a total salary expenditure of 63.5M. New England Institute of Technology employs 42 Assistant professors, 31 Associate professors and 25 Instructors. Most academics at New England Institute of Technology are Male Assistant professor (27), Male Associate professor (18), and Female Assistant professor (15).

The most common positions for non-instructional staff at New England Institute of Technology are: Librarians, Curators, Archivists, and Academic Affairs and Other Education Services, with 48 employees, Office and Administrative Support, with 36 employees, and Management with 20 employees.

Endowment

$265M

2021 Endowment

18.2%

growth from 2020

New England Institute of Technology has an endowment valued at about $265M, as of the end of the 2021 fiscal year. The endowment of New England Institute of Technology grew 18.2% from the previous year. The value of their endowment was $251M higher than than the median endowment of Baccalaureate/Associates Colleges according to the Carnegie Classification grouping.

This line chart shows how the endowment at New England Institute of Technology (in red) compares to that of some similar universities.

The small bar chart below shows the endowment quintiles for all universities in the Baccalaureate/Associates Colleges: Mixed Baccalaureate/Associates Carnegie Classification grouping.

Salary Expenditure

$27.8M

2021 Salaries

4.8%

decline from 2020

In 2021, New England Institute of Technology paid a median of $27.8M in salaries, which represents 43.8% of their overall expenditure ($63.5M) and a 4.8% decline from the previous year.

The median for similar Baccalaureate/Associates Colleges is 12.8M (34.8% of overall expenditures).

Instructional Salaries

$9.43M

Instructional Salaries

115

Number of Employees

In 2021, New England Institute of Technology paid a total of $9.43M to 115 employees working as instructors, which represents 33.9% of all salaries paid.

This is compared to a median of $3.32M (26%) for similar Baccalaureate/Associates Colleges.

Occupations by Share

Assistant professor

Most Common Instructor

42 Employees

Librarians, Curators, Archivists, and Academic Affairs and Other Education Services

Most Common Non-Instructional Employee

48 Employees

In 2021, the most common positions for instructional staff at New England Institute of Technology were Assistant professor with 42 employees, Associate professor with 31 employees, and Instructor with 25 employees.

In 2021, the most common positions for non-instructional staff at New England Institute of Technology were Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 48 employees, Office and Administrative Support with 36 employees, and Management with 20 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2021)

Male Assistant professor
Male Associate professor
Female Assistant professor

In 2021, the most common demographic for instructional staff at New England Institute of Technology was Male Assistant professor with 27 employees, Male Associate professor with 18 employees, and Female Assistant professor with 15 employees.

This chart shows the sex split between each academic rank present at New England Institute of Technology.