Avg. Federal Grant


Avg. Federal Loan


Total Aid Awarded

New York Institute of Technology (NYIT) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.


Total Aid Amount Average Total Aid Awarded per year.


Financial Aid Official Website


Such schemes include Academic Scholarship, Aid to Native Americans, Albert E. Wischmeyer Memorial Scholarship, and Graduate Scholar Award. It is interesting to note that, every year, around 99% of students at NYIT receive some kind of financial aid, while the total amount of assistance/loans provided is $11,710,247. Notably, a total of 47% of the applicants to New York Institute of Technology receive the Federal Grant every year. On the other hand, 99% of the candidates get the Student Grant, 98% receive the Institution Grant, and 47% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,254, and the same stands at $3,604 for State Grant awardees and $22,950 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $5,019. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 58% of the applicants to New York Institute of Technology opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid


State Grant Aid


Institution Grant Aid


Pell Grant


Average Aid Awarded

Federal Grant Aid


State Grant Aid


Institution Grant Aid


Pell Grant


Financial Aid Breakdown refers to the Breakdown of Federal Grants, Institutional Grants, State Grants, and PELL Grants.

Highest Financial Aid provided is in the form of Institutional Grants, which at 98% amounts to $22058.

Additionally, the following monetary aids are provided:

Percentage of State Grant provided is 42% amounting to $3595. Average PELL Grant provided is $5133.


Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000


$30,001 - $48,000


$48,001 - $75,000


$75,001 - $110,000


Over $110,000


Average Federal Aid and Family Income are interlinked, as a change in the family income also induces a change in the average federal aid. 

According to the above table, an average federal aid of $30,636 is available for family income below $30K. Average federal aid of  $29,205 is available for anyone hailing from a family wherein the income is anywhere between $30K  and $48K. For family income over $110K, average family aid available is $22177. 

Student Loans for New York Institute of Technology (NYIT)

Average Loan Amount Average Loan Amount received per year.


Students Taking Out Loans


Loan Default Rate


Other Colleges In New York

Located in New York, NY, LIM College is a private university. It was in 1939 when the LIM College was founded. The university believes in imparting quality education and giving back to society. In the same light, LIM College has a motto of Where Business Meets Fashion. The total enrolment stands at

New York, New York 4 years Private For-Profit

There is a private university in New York, NY called Manhattan School of Music. It was in 1917 when the Manhattan School of Music was founded. The motto of Manhattan School of Music is Latin: Macte virtute sic itur ad astra. This defines the north star being chased by both the students and the ad

New York, New York 4 years Private Not-For-Profit

There is a public university in New York, NY called CUNY Bernard M Baruch College. In 1919, CUNY Bernard M Baruch College was founded. Notably, the official colors of the university are blue and white. The total enrolment stands at 18,433 students at CUNY Bernard M Baruch College. Around 15,482 a

New York, New York 4 years Public

Other Colleges In Old Westbury

SUNY College at Old Westbury is a public university located in Old Westbury, New York. Interestingly, SUNY College at Old Westbury has an ethnically diverse student population. At SCOW around 29% are Black or African American, 27% belong to Hispanic ethnicity, and 27% are white. And, at the unive

Old Westbury, New York 4 years Public

Other Private not-for-profit Colleges

Strategy, Innovation, Positivity, Collaboration, and Transformation are the key SCAD values that the university promises to provide. The SCAD Bee is the official Mascot of the university.

  • The total population of the college is 12,364 out of which 10,108 are full-timers and 2,2

Savannah, Georgia 4 years Private Not-For-Profit

Independence University is a private university located in Salt Lake City, UT. The Independence University is part of the Center for Excellence in Higher Education group. It was in 1978 when the Independence University was founded. The motto of the Independence University is Education Online for a B

Salt Lake City, Utah 4 years Private Not-For-Profit


Chicago, Illinois 4 years Private Not-For-Profit