New England Institute of Technology

Warwick, Rhode Island


Costs to Attend New England Institute of Technology

Are you interested in applying to New England Institute of Technology yet wondering how much it costs or if you can afford to attend? Use our comprehensive price data and loan calculation tools to assist in determining if this school makes financial sense for you and your intended major of study.

Annual Cost

  • Total One Academic Year Cost
  • All Residents: $29,270
  • Cost Itemization
  • Tution for all Residents: $19,275
  • Room and Board or estimated off campus living expense: $7,065
  • Books and Supplies: $1,520
  • Other Fees: $1,410

The cost per year to attend New England Institute of Technology is $29,270 for the 2012/2013 academic year. How much may your student loan payments be and can you afford to attend?

All price data are reprinted from the U.S. Department of Education's 2012-2013 and 2011-2012 IPEDS Survey and represent reported costs for the 2012-2013 and 2011-2012 academic years. Please consult the school directly for the most up to date price information.

Estimated 4 Year Cost at Current Tuition

At current published tuition rates, the estimated total tuition and living expense cost of a 4 year bachelor's degree at New England Institute of Technology is $117,080 for students graduating in normal time. Our methodology for estimating the 4 year cost is a multiple of the most recent reported annual cost and does not factor in tuition increases.

  • 4 Year Total Cost (tuition and living expenses): $117,080

Average Net Price and Financial Aid

  • Average Annual Net Price: $25,969*
  • Estimated Average 4 Year Degree Cost: $103,876**
  • Percent of Students Receiving Grant Aid: 66%
  • Average Annual Total Grant Aid Amount: $5,101
  • Percent of Students Receiving Pell Grants: 48%
  • Average Amount of Pell Grant Aid: $4,798
  • Percent of Students Receiving Federal Student Loans: 73%
  • Average Amount of Federal Student Loan Aid: $7,458

*Reported Average Annual Net Price for students receiving grant or scholarship aid reported to the U.S. Department of Education's 2011-2012 IPEDS Survey. Financial aid is only available to those who qualify. Consult this school's net price calculator for further understanding of your potential net price.

**Based on a 4 year multiple of Average Annual Net Price for students receiving grant or scholarship aid reported to the U.S. Department of Education's 2011-2012 IPEDS Survey. Financial aid is only available to those who qualify. Consult this school's net price calculator for further understanding of your potential net price.

Note that for colleges with no reported on-campus room and board, the average net price has been increased to account for living expenses. This number may not only reflect the net price paid to the school for tuition.

For Profit / Not For Profit Status

New England Institute of Technology is a not for profit institution.

Example Student Loan Payments and Costs

How much are estimated student loan payments for New England Institute of Technology? Below are the costs for an example student loan if you borrowed $103,876, our estimated average net price for a four year degree. Note that this calculation assumes you are part of the reported 66% of students at this school who receive financial aid and you are paying an average annual net price of $25,969. If you do not financially qualify for a reduced net price, your student loan payments may be significantly higher than this example. Use our New England Institute of Technology student loan calculator below to change loan assumptions and recalculate.

Student loans are not free money and must be repaid. You cannot dismiss student loans by via bankruptcy.

  • Monthly Payment: $1,044.80
  • Amount Borrowed: $103,876.00
  • Interest Rate: 3.9%
  • Term: 10 years
  • Number of Monthly Payments: 120
  • Total Interest Cost: $21,499.56
  • Total of All Payments of 10 years: $125,375.56

Loan Affordability & Salary

Can I afford to attend New England Institute of Technology? To keep student loan payments affordable, it is recommended not to borrow more than you can pay back using 10% of your monthly income. When planning how to afford New England Institute of Technology, you need to carefully consider if it will be realistic to make the post graduation loan payments based on your expected salary.

Using these parameters, a salary of $125,375.56 is recommended to afford a $1,044.80 monthly payment in the example loan modeled above. This assumes a loan payback over 10 years. You can change the terms of this example loan using the student loan calculator below.

Estimated Future Cost and Expected Tuition Increase

What will it cost to send your child to New England Institute of Technology in the future? In the past five years, this school's published in-state tuition and fee total rose from $16,245 to $19,935. This amounts to an average annual price increase of 4.5%. Nationally, university tuition prices are rising around 5% per year. Looking out five, ten, fifteen or eighteen years, these are CollegeCalc's estimates how much you can expect to pay for a 4 year degree at this school assuming tuition increases along at the national average rate. Estimated future prices are based on the current 4 year cost of $117,080.00. Use our college savings plan calculator below to perform a more comprehensive analysis on future costs and how much you will need to save for New England Institute of Technology.

  • Estimated Cost in 5 years for students enrolling in 2019 - Annual: $40,253, 4 Year Degree: $161,012
  • Estimated Cost in 10 years for students enrolling in 2024 - Annual: $51,374, 4 Year Degree: $205,497
  • Estimated Cost in 15 years for students enrolling in 2029 - Annual: $65,568, 4 Year Degree: $262,272
  • Estimated Cost in 18 years for students enrolling in 2032 - Annual: $75,903, 4 Year Degree: $303,613

Cost Per Credit Hour and Cost Per Class

Some schools offer the ability to take single classes by paying on a per credit hour basis. The reported price per credit hour and estimated cost for one class at New England Institute of Technology are as follows.

  • Price per credit hour: $370
  • Cost for one class (3 credit hours): $1,110
  • Cost for one class (4 credit hours): $1,480

Tuition History

What was tuition at New England Institute of Technology for the past five, ten, fifteen or twenty years? Looking at historical tuition increase rates may provide an indication as to expected increases in the future. Historical tuition and fees for all available data years back to 1987 follows.

  • 2010 - $18,210 Tuition and Fees. 3.7% Annual Increase
  • 2009 - $17,565 Tuition and Fees. 6% Annual Increase
  • 2008 - $16,565 Tuition and Fees. 2% Annual Increase
  • 2007 - $16,245 Tuition and Fees. 8.3% Annual Increase
  • 2006 - $15,000 Tuition and Fees. 4.7% Annual Increase
  • 2005 - $14,325 Tuition and Fees. 2.4% Annual Increase
  • 2004 - $13,995 Tuition and Fees. 3.3% Annual Increase
  • 2003 - $13,545 Tuition and Fees. 7.1% Annual Increase
  • 2002 - $12,645 Tuition and Fees. 7.7% Annual Increase
  • 2001 - $11,745 Tuition and Fees. 5.5% Annual Increase
  • 2000 - $11,130 Tuition and Fees. 4.8% Annual Increase
  • 1999 - $10,620 Tuition and Fees. 1.4% Annual Increase
  • 1998 - $10,470 Tuition and Fees. 2.9% Annual Increase
  • 1997 - $10,170 Tuition and Fees. 4.1% Annual Increase
  • 1996 - $9,770 Tuition and Fees. 0.7% Annual Increase
  • 1995 - $9,700 Tuition and Fees. 3.3% Annual Increase
  • 1994 - $9,390 Tuition and Fees. 5.9% Annual Increase
  • 1993 - $8,865 Tuition and Fees. 8.2% Annual Increase
  • 1992 - $8,195 Tuition and Fees. 8.8% Annual Increase
  • 1991 - $7,530 Tuition and Fees. 9.8% Annual Increase
  • 1990 - $6,855 Tuition and Fees. 7.8% Annual Increase
  • 1989 - $6,360 Tuition and Fees. 12.5% Annual Increase
  • 1988 - $5,655 Tuition and Fees. 5.3% Annual Increase
  • 1987 - $5,370 Tuition and Fees.

Cost for Popular Majors

Below are the most popular undergraduate areas of study at New England Institute of Technology ranked by degrees conferred during the 2010/2011 academic year along with their estimated total program cost. Please consult the school's website for further information as actual costs for specific program may vary. Price estimates assume graduation in normal time. Our methodology for estimating these costs is a two or four year multiple of the current one year tuition and living cost of $29,270. Associates degrees are assumed to be completed in two years and bachelors degrees are assumed to take four years.

Area of Study Graduates Estimated Degree + Living Expense Cost
Automobile/Automotive Mechanics Technology/Technician Associate's Degree 111 $58,540
2 year cost
Electrical/Electronics Equipment Installation and Repair, General Associate's Degree 93 $58,540
2 year cost
Computer and Information Sciences, General Bachelor's Degree 62 $117,080
4 year cost
Construction Engineering Technology/Technician Associate's Degree 45 $58,540
2 year cost
Occupational Therapist Assistant Associate's Degree 40 $58,540
2 year cost
Surgical Technology/Technologist Associate's Degree 37 $58,540
2 year cost
Heating, Ventilation, Air Conditioning and Refrigeration Engineering Technology/Technician Associate's Degree 36 $58,540
2 year cost
Radio and Television Broadcasting Technology/Technician Bachelor's Degree 34 $117,080
4 year cost
Architectural Engineering Technology/Technician Bachelor's Degree 34 $117,080
4 year cost
Business Administration and Management, General Associate's Degree 30 $58,540
2 year cost
Business Administration, Management and Operations, Other Bachelor's Degree 30 $117,080
4 year cost
Physical Therapy Technician/Assistant Associate's Degree 29 $58,540
2 year cost
Plumbing Technology/Plumber Associate's Degree 29 $58,540
2 year cost
Health and Medical Administrative Services, Other Associate's Degree 29 $58,540
2 year cost
Intermedia/Multimedia Associate's Degree 28 $58,540
2 year cost
Autobody/Collision and Repair Technology/Technician Associate's Degree 26 $58,540
2 year cost
Graphic Design Associate's Degree 25 $58,540
2 year cost
Computer Graphics Bachelor's Degree 23 $117,080
4 year cost
Mechanical Engineering/Mechanical Technology/Technician Bachelor's Degree 19 $117,080
4 year cost
Criminal Justice/Safety Studies Associate's Degree 18 $58,540
2 year cost
Marine Maintenance/Fitter and Ship Repair Technology/Technician Associate's Degree 18 $58,540
2 year cost
Electrical and Electronic Engineering Technologies/Technicians, Other Bachelor's Degree 11 $117,080
4 year cost
Registered Nursing/Registered Nurse Associate's Degree 7 $58,540
2 year cost
Multi-/Interdisciplinary Studies, Other Associate's Degree 7 $58,540
2 year cost
Interior Design Bachelor's Degree 6 $117,080
4 year cost
Health/Health Care Administration/Management Bachelor's Degree 4 $117,080
4 year cost

About New England Institute of Technology

New England Institute of Technology is a four year private college located in Warwick, Rhode Island.  Full time enrollment is 2,606 and part time is 386.  New England Institute of Technology has an open admission policy meaning that any prospective student who has completed high school or attained a GED certificate may enroll in classes.

Students attending this school may pursue both undergraduate and graduate degrees.

Learn more about New England Institute of Technology at CollegeSimply.

  • Address
  • New England Institute of Technology
  • 2500 Post Rd
  • Warwick, Rhode Island
  • 02886-2244

Calculators

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