New England Institute of Technology

www.neit.edu

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2022 Undergraduate Tuition

$32,100

3.88% growth from 2021

2022 Average Net Price

$33,437

After Financial Aid

2019 Default Rate

0.235%

on Student Loans

2022 Acceptance Rate

74.5%

2,375 Applicants

2022 Enrolled Students

1,895

88.9% Full-Time

2022 Graduation Rate

50.2%

222 Graduates

About

New England Institute of Technology is a higher education institution located in Kent County, RI. In 2022, the most popular Associates Degree concentrations at New England Institute of Technology were Registered Nursing (116 degrees awarded), Automobile Mechanics Technology (58 degrees), and Electrician (30 degrees).

In 2022, 838 degrees were awarded across all undergraduate and graduate programs at New England Institute of Technology. 40.5% of these degrees were awarded to women, and 59.5% awarded men. The most common race/ethnicity group of degree recipients was white (486 degrees), 6.85 times more than then the next closest race/ethnicity group, hispanic or latino (71 degrees).

The median undergraduate tuition at New England Institute of Technology is $32,100, which is $20,136 more than the national average for Baccalaureate/Associates Colleges ($11,964).

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

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

Costs

In 2022, the median undergraduate tuition at New England Institute of Technology is $32,100, which is $20,136 more than the national average for Baccalaureate/Associates Colleges ($11,964).

After taking grants and loans into account, the average net price for students is $33,437.

In 2022, 83% 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

$32,100

2022 Undergraduate Tuition

In 2022, the cost of tuition at New England Institute of Technology was $32,100. The cost of tuition at New England Institute of Technology is $20,136 more than than the overall (public and private) national average for Baccalaureate/Associates Colleges ($11,964).

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

Average Net Price

$33,437

2022 Value

3.7%

1 Year Growth

In 2022 New England Institute of Technology had an average net price — the price paid after factoring in grants and loans — of $33,437. Between 2021 and 2022, the average net price of New England Institute of Technology grew by 3.7%.

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

$1,521

Books and Supplies

The average yearly cost of room and board at New England Institute of Technology was of $11,595 in 2022. The cost of room and board did not change between 2021 and 2022.

During the same period, the average yearly cost of books and supplies was $1,521. The cost of books and supplies decreased by 21.8% 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

83%

Undergraduates Receiving Financial Aid through Grants

76%

Undergraduates Receiving Financial Aid through Loans

83% of undergraduate students at New England Institute of Technology received financial aid through grants or loans in 2022. This represents a decline of 12.6% with respect to 2021, when 95% 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 2,375 undergraduate applications in 2022, which represents a 15.4% annual growth. Out of those 2,375 applicants, 1,769 students were accepted for enrollment, representing a 74.5% acceptance rate.

There were 1,895 students enrolled at New England Institute of Technology in 2022. 12% of first-time enrollees submitted SAT scores with their applications.

New England Institute of Technology has an overall enrollment yield of 24.8%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

74.5%

Acceptance Rate in 2022

1,769

Accepted Out of 2,375

In 2022, the undergraduate acceptance rate of New England Institute of Technology was 74.5% (1,769 admissions from 2,375 applications). This is higher than the acceptance rate of 2021, which was 68.5%. Between 2021 and 2022, the number of applicants grew by 15.4%, while admissions grew by 25.6%.

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

12%

Submission Percentage (2022)

Scores Submitted (2022)

12% of enrolled first-time students at New England Institute of Technology in 2022 submitted SAT scores with their applications.

The following chart shows the average SAT scores for the 25th, 50th, and 75th percentile of applicants for each section of the test that they are evaluated on.

Enrollment

New England Institute of Technology had a total enrollment of 1,895 students in 2022. The full-time enrollment at New England Institute of Technology is 1,684 students and the part-time enrollment is 211. This means that 88.9% 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 57% White, 13.3% Hispanic or Latino, 9.23% Black or African American, 3.38% Asian, 2.43% Two or More Races, and 0.422% American Indian or Alaska Native.

Students enrolled at New England Institute of Technology in full-time Undergraduate programs are most commonly White Male (36.4%), followed by White Female (21%) and Hispanic or Latino Male (8.65%). Students enrolled in full-time Graduate programs are most commonly White Female (39.5%), followed by White Male (10.2%) and Hispanic or Latino Female (8.84%).

Full-Time vs Part-Time Enrollment

88.9%

Full-Time Enrollment

The total enrollment at New England Institute of Technology in 2022, both undergraduate and graduate, is 1,895 students. The full-time enrollment at New England Institute of Technology is 1,684 and the part-time enrollment is 211. This means that 88.9% of students enrolled at New England Institute of Technology are enrolled full-time compared with N/A% 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 (2022)

White
1,081 enrolled students
Hispanic or Latino
252 enrolled students
Black or African American
175 enrolled students

The enrolled student population at New England Institute of Technology is 57% White, 13.3% Hispanic or Latino, 9.23% Black or African American, 3.38% Asian, 2.43% Two or More Races, and 0.422% American Indian or Alaska Native. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Baccalaureate/Associates Colleges is 42.6% White, 27.7% Hispanic or Latino, and 14% 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, 253 students (13.4%) did not report their race.

Graduates

In 2022, 160 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 (486 degrees awarded). There were 6.85 times more white recipients than the next closest race/ethnicity group, hispanic or latino (71 degrees).

The most common Associates Degree concentration at New England Institute of Technology is Registered Nursing (116 degrees awarded), followed by Automobile Mechanics Technology (58 degrees) and Electrician (30 degrees).

In 2022, 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 (33 degrees awarded), Engineering Technologies (148 degrees), and Construction (58 degrees).

Common Jobs by Major

Software developers

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 Software developers (560,902 people), Other managers (135,401 people), Computer occupations, all other (119,724 people), Computer & information systems managers (111,717 people), and Computer programmers (93,913 people).

The most specialized majors at New England Institute of Technology in 2022 are Communication Technologies (33 degrees awarded), Engineering Technologies (148 degrees), Construction (58 degrees), Mechanical Technologies (67 degrees), and Computer and Information Sciences and Support Services (114 degrees) (as of 2022).

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, Physicians, Architectural & engineering managers, and Chief executives & legislators

The most specialized majors at New England Institute of Technology are Communication Technologies (33 degrees awarded), Engineering Technologies (148 degrees), Construction (58 degrees), Mechanical Technologies (67 degrees), and Computer and Information Sciences and Support Services (114 degrees) (as of 2022).

Common Industries by Major

Computer Systems Design

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 Computer Systems Design (585,801 people), Construction (134,344 people), Colleges, universities & professional schools, including junior colleges (93,665 people), Management, scientific & technical consulting services (79,938 people), and Elementary & secondary schools (73,662 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 (2022)

Registered Nursing
116 degrees awarded
Automobile Mechanics Technology
58 degrees awarded
Electrician
30 degrees awarded

In 2022, the most common associates degree concentration at New England Institute of Technology was Registered Nursing with 116 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

499

Degrees Awarded to Men

in 2022

339

Degrees Awarded to Women

in 2022

In 2022, 499 degrees were awarded to men at New England Institute of Technology, which is 1.47 times more than the number of degrees awarded to females (339).

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 2022, 52 degrees were awarded to men at New England Institute of Technology in Automobile Mechanics Technology, which is 8.67 times more than the 6 female recipients with that same degree.

Most Common Female Majors

In 2022, 127 degrees were awarded to men at New England Institute of Technology in Registered Nursing, which is 9.77 times more than the 13 male recipients with that same degree.

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.

Asian Female

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2022 at New England Institute of Technology is Female and Asian (100% graduation rate). Across all Baccalaureate/Associates Colleges, Asian Female students have the highest graduation rate (73.2%).

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, 11.3% of graduates (25 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2022)

White
486 degrees awarded
Hispanic or Latino
71 degrees awarded
Black or African American
36 degrees awarded

The most common race/ethnicity at New England Institute of Technology is white (486 degrees awarded). There were 6.85 times more white recipients than the next closest race/ethnicity group, hispanic or latino (71 degrees).

23% of degree recipients (193 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2022)

White Male
282 degrees awarded
White Female
204 degrees awarded
Hispanic or Latino Male
50 degrees awarded

The most common race/ethnicity and sex grouping at New England Institute of Technology is white male (282 degrees awarded). There were 1.38 times more white male recipients than the next closest race/ethnicity group, white female (204 degrees).

Operations

New England Institute of Technology has an endowment valued at nearly $246M, as of the end of the 2022 fiscal year. The return on its endowment was of −17.8M (−7.22%) compared to the 0.527% average return (72.1k on 13.7M) across all Baccalaureate/Associates Colleges.

In 2022, New England Institute of Technology had a total salary expenditure of 67.5M. New England Institute of Technology employs 38 Assistant professors, 31 Associate professors and 22 Instructors. Most academics at New England Institute of Technology are Male Assistant professor (22), Male Associate professor (20), and Female Assistant professor (16).

The most common positions for non-instructional staff at New England Institute of Technology are: Office and Administrative Support, with 42 employees, Librarians, Curators, Archivists, and Academic Affairs and Other Education Services, with 35 employees, and Management with 20 employees.

Endowment

$246M

2022 Endowment

7.28%

decline from 2021

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

$27.7M

2022 Salaries

0.308%

decline from 2021

In 2022, New England Institute of Technology paid a median of $27.7M in salaries, which represents 41.1% of their overall expenditure ($67.5M) and a 0.308% decline from the previous year. This is compared to a 4.8% decline between 2020 and 2021, and a 6.44% decline between 2019 and 2020.

The median for similar Baccalaureate/Associates Colleges is 13M (33.2% of overall expenditures).

Instructional Salaries

$9.38M

Instructional Salaries

106

Number of Employees

In 2022, New England Institute of Technology paid a total of $9.38M to 106 employees working as instructors, which represents 33.8% of all salaries paid.

This is compared to a median of $3.45M (26.6%) for similar Baccalaureate/Associates Colleges.

Occupations by Share

Assistant professor

Most Common Instructor

38 Employees

Office and Administrative Support

Most Common Non-Instructional Employee

42 Employees

In 2022, the most common positions for instructional staff at New England Institute of Technology were Assistant professor with 38 employees, Associate professor with 31 employees, and Instructor with 22 employees.

In 2022, the most common positions for non-instructional staff at New England Institute of Technology were Office and Administrative Support with 42 employees, Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 35 employees, and Management with 20 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2022)

Male Assistant professor
Male Associate professor
Female Assistant professor

In 2022, the most common demographic for instructional staff at New England Institute of Technology was Male Assistant professor with 22 employees, Male Associate professor with 20 employees, and Female Assistant professor with 16 employees.

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

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