The New England Institute of Technology raised tuition by 3.3% for the 2022-23 academic year, as revealed in the most recent disclosure, according to the latest disclosure from the National Center for Education Statistics.
Students paid $33,900 to attend the private, not-for-profit four-year institution this year, an increase of $1,093 from the $32,807 charged during the 2021-22 school year.
Approximately 55% of the undergraduate student body are residents of Rhode Island, while 44% come from other states and 1% are international students.
Data indicates that 94% of full-time undergraduates who enrolled at the New England Institute of Technology in 2022-23 received some form of student financial aid. A total of 384 students were awarded grants or scholarships amounting to $4.5 million, and 347 students obtained student loans exceeding $3.8 million.
Across the entire undergraduate population, 1,335 students received grants or scholarships totaling $19.4 million. Additionally, 1,288 students borrowed $10.5 million in federal student loans.
Undergraduate education costs have seen a significant increase over the past few decades. Data shows a 169% rise in the average total cost, including tuition, fees, room, and board, between 1980 and 2020.
According to a 2023 College Board report, in-state students at public universities paid an average of $11,260, while out-of-state students paid $29,150 in the 2023-24 academic year.
Meanwhile, student loan debt has steadily increased over the last 30 years, reaching $1.75 trillion in 2024, averaging a total of $28,950 per borrower. Federal loans make up 92% of the debt, with over half of students at both public and private four-year colleges graduating with student loans.
Available data sometimes exceeds 100% due to rounding and administrative calculations.
The following data includes only full-time students who began an undergraduate program at the the New England Institute of Technology in the 2022-23 school year.
| Type of Aid | Number of students awarded aid | Percent awarded aid | Total amount of aid awarded | Average amount of aid per student |
|---|---|---|---|---|
| Federal grants | 200 | 46% | $1.1 million | $5,524 |
| State / local grant or scholarship | 139 | 32% | $112,350 | $808 |
| Institutional grants or scholarships | 376 | 86% | $3.3 million | $8,656 |
| Grant or scholarship aid total | 384 | 87% | $4.5 million | $11,646 |
| Federal student loans | 343 | 78% | $2 million | $5,688 |
| Other student loans | 83 | 19% | $1.8 million | $22,040 |
| Student loan aid | 347 | 79% | $3.8 million | $10,894 |
| Total student aid | 413 | 94% | $8.3 million | $19,980 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
