Cost to Attend Island Drafting and Technical Institute

I
Island Drafting and Technical Institute
Amityville, New York

Annual Costs

Undergraduate Tuition

Tuition for Island Drafting and Technical Institute is $16,500 for the 2020/2021 academic year. This is 23% more expensive than the national average private for-profit two year college tuition of $13,442. The cost is 65% more expensive than the average New York tuition of $10,001 for 2 year colleges. Tuition ranks 55th in New York amongst 2 year colleges for affordability and is the 13th most expensive 2 year college in the state. Price does not vary by residence.

The school charges an additional fees of $450 in addition to tuition bringing the total effective in-state tuition to $16,950.

Housing Costs

Island Drafting and Technical Institute doesn't offer on campus housing. If you're not living with family you will need to budget for food and housing in the Amityville area just like you would for a college with dorms. The estimated rent and meal expense per academic year for off campus housing is $11,457.

Books and Supplies

The estimated annual cost for books and supplies is $1,550.

Other Living Expenses

Off-campus students should budget for $10,575 in other miscellaneous living expenses.

Total Costs

The annual tuition and living expense budget to go to Island Drafting and Technical Institute was $40,532 for the 2020/2021 academic year. The cost is the same for all students regardless of New York residence status as there is no in-state discount. Students residing at home with parents providing food and housing can expect a total cost of $28,687.

Citation: Price data from the U.S. Department of Education's 2020 IPEDS survey response for Island Drafting and Technical Institute and represent reported costs for the 2020-2021 academic year.

Costs and Tuition for Island Drafting and Technical Institute
Estimated Budgets
New York Resident Total Budget (Living Off Campus)$40,532
   In-State Tuition$16,500
   Other Fees$450
   Off-Campus Housing Budget$11,457
   Off-Campus Other Budget$10,575
   Books and Supplies$1,550
New York Resident Total Budget (Living with Parents)$28,687
   In-State Tuition$16,500
   Other Fees$450
   Family Provided Room and Board$0
   With-Family Other Living Budget$10,187
   Books and Supplies$1,550
Non-Resident Total Budget (Living Off Campus)$40,532
   Out-of-State Tuition$16,500
   Other Fees$450
   Off-Campus Housing Budget$11,457
   Off-Campus Other Budget$10,575
   Books and Supplies$1,550
Will you get in?

Find out which students are getting accepted at Island Drafting and Technical Institute, which are not, and how your GPA, SAT, or ACT scores compare.

Calculate My Chances

Sponsored by Cappex

What it Really Costs

Depending on many factors including student and parent income and assets, the total cost of attendance may be less than the $40,532 published price if scholarship or grant aid is made available to you.

Net Price

The net out-of-pocket total cost you end up paying or financing though student loans is known as the net price. The reported Island Drafting and Technical Institute net price for in-state students is $24,593* for the 2019/2020 academic year. This net price includes housing and meal expenses.

Pell Grants and other Grant Aid

88% of Island Drafting and Technical Institute students received grant aid in 2019/2020. The average total aid amount was $7,747. 55 percent of students received aid in the form of Pell Grants from the U.S. Federal Government. The average Pell Grant awarded for 2019/2020 was $5,426. To apply for a Pell Grant to attend Island Drafting and Technical Institute, the first step is to fill out the Free Application for Federal Student Aid (FAFSA).

Net Price and Financial Aid for Island Drafting and Technical Institute
Financial Aid Summary
Average Annual Net Price$24,593*
Percent of Students Receiving Grant Aid88%
Average Total Grant Aid$7,747
Percent of Students Receiving Pell Grants55%
Average Amount of Pell Grant Aid$5,426

Average Net Price by Family Income

The average net total cost of attendance for different levels of family income after federal, state or local government, institutional grant and scholarship aid are awarded. Data last published for the 2019/2020 academic year.

Family Income Avg. Net Price
$0 to $30,000$23,435
$30,001 to $48,000$23,671
$48,001 to $75,000$28,260
$75,001 to $110,000$29,747
$110,000+$31,538

Average Financial Aid Mix - $40,532 In-State Total Cost

CollegeCalc has estimated typical coverage of the annual in-state tuition and living expenses of $40,532. Breakdown is based on average grant aid and federal loan aid which will vary based on your family income.

26%
20%
54%
Grants and Scholarships
26% - $7,747

Money granted to you by the U.S. Department of Education, Island Drafting and Technical Institute or other organizations. These are not loans and do not need to be repaid.

Federal Loans
20% - $5,945

Low interest student loans funded by the U.S. Department of Education. This amount will need to be repaid.

Out of Pocket
54% -  $16,265

Covered by family savings, work or private student loans which you will have to repay.


*Reported Average Annual Net Price for students receiving grant or scholarship aid reported to the U.S. Department of Education's Academic Year 2019/2020 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.

Tuition Comparison to Similar Private Colleges in the Region

School Cost vs. Island Drafting and Technical Institute
SBI Campus An Affiliate of Sanford Brown46.3% less expensive
Business Informatics Center Inc20% less expensive
St Paul's School of Nursing Queens20.8% more expensive
Long Island Business Institute46.3% less expensive
Mandl The College of Allied Health12.1% less expensive

Cost of a Degree

Being a school offering two year programs, prospective students should consider the multi year outlay when budgeting the cost for two years at Island Drafting and Technical Institute.

Estimated 2 Year Cost at Published Tuition

At the current published rates, an estimated total tuition, fees and living expense price for a 2 year associate degree at Island Drafting and Technical Institute is $81,064 for students graduating in normal time. This methodology for estimating the 2 year cost is a straight multiple of the most recent reported annual total cost and does not factor in tuition increases during the time you're in school. It also assumes you receive no grant or scholarship aid and pay the full list price.

A potentially more accurate but less conservative estimate of a degree cost can be made by using the school's annual $18,588 in-state net price as the basis. Applying this cost over 2 would estimate the cost of a degree at $37,176**

**Based on a 2 year multiple of Average Annual Net Price for students receiving grant or scholarship aid reported to the U.S. Department of Education's 2019/2020 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.

Other Costs

Estimated Cost Per Semester

Most colleges don't charge students on an annual basis but instead require payment semester by semester. If you ever need to take an additional semester of classes to complete you degree you shouldn't have to pay for a full academic year. These our estimated costs for a semester at Island Drafting and Technical Institute.

New York Resident Tuition Per Semester$8,250
New York Resident Total Cost Per Semester$20,266

Student Loans and Debt

The second consideration after understanding the cost of college is determining how to finance it. Some students are fortunate enough to have some form of family financial assistance, but student loans end up financing a significant portion of higher education in the U.S. 71% of Island Drafting and Technical Institute students receive U.S. Federal Student Loans with an average annual Federal Loan aid amount of $5,945.

Example Loan Payments and Costs

How much are student loan payments for Island Drafting and Technical Institute? Obviously this varies based on a number of factors - offsetting financial aid you receive, percentage of fee you pay upfront while enrolled and the interest rate on your loans. We've modeled a sample student loan based on current Stafford loan rates to give you an approximate idea.

The following are the costs for a loan if you borrowed $37,176, 100% of the estimated average net price for a two year program and paid nothing while enrolled. The total of all payments including interest would sum $44,596.43. This could be your effective total out of pocket cost of an education at Island Drafting and Technical Institute. Note that this calculation assumes you don't pay full list price tuition, are part of the reported 88% of students at this school who receive financial aid and you are paying an average annual net price of $18,588. If you do not financially qualify for a reduced net price, your student loan payments could be significantly higher than this example. Use our Island Drafting and Technical Institute 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.

Island Drafting and Technical Institute Student Loan Payments
Example Payments
Monthly Loan Payment$371.64
Amount Borrowed$37,176.00
Interest Rate3.73%
Term10 years
Number of Monthly Payments120
Total Interest Cost$7,420.43
Sum of All Payments over 10 years$44,596.43

Affording Student Loan Payments and Post Graduation Salary

Can I afford to attend Island Drafting and Technical Institute? In the end, the answer comes down a determination if you will earn enough to comfortably pay back a student loan with your post graduation salary. This is an extremely important point to consider. In order to afford student loan payments and still meet all your other costs of living, it is recommended not to borrow more than you can pay back using 10% of your monthly income earned after graduation. If you're considering attending Island Drafting and Technical Institute, you need to carefully consider if it will be realistic to make the post graduation loan payments based on your expected salary.

Using the 10% of salary threshold, an annual income of $44,596.43 would be needed to afford a $371.64 monthly payment in the example $37,176.00 loan modeled above. You will need to determine if it is at all realistic that you will be earning this type of salary after graduation. 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 Island Drafting and Technical Institute in the future? In the past four years, this school's published in-state tuition and fee total rose from $15,750 to $16,500. This amounts to an average annual price increase of 1%. 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 could expect to pay for a 2 year degree assuming tuition increases at the national average rate. Estimated future prices are based on the current 2 year cost of $81,064.00. Use the college savings plan calculator below to perform a more comprehensive analysis on future costs and how much you will need to save for Island Drafting and Technical Institute.

Annual2 Year Degree
Estimated Cost in 5 years for students enrolling in 2027$53,024$106,047
Estimated Cost in 10 years for students enrolling in 2032$67,673$135,346
Estimated Cost in 15 years for students enrolling in 2037 $86,370$172,739
Estimated Cost in 18 years for students enrolling in 2040 $99,984$199,967

Calculators

Use the calculators below to formulate a college savings plan for Island Drafting and Technical Institute or model a student loan.

College Savings Calculator

Plan and Save for College

Discover how much will you need to start saving now to afford Island Drafting and Technical Institute in the future.

Student Loan Calculator

Estimate Loan Payments

Modify the loan assumptions to fit your financial situation and likely tuition price. Then calculate your payoff and loan payments for a Island Drafting and Technical Institute student loan.

Prepayment Option

About Island Drafting and Technical Institute

Island Drafting and Technical Institute is a two year private college located in Amityville, New York.  Full time enrollment is 68 and part time is 0. Learn more about getting accepted at Island Drafting and Technical Institute at CollegeSimply.

Only undergraduate degrees are offered at this school.

Address
Island Drafting and Technical Institute
128 Broadway Rte 110
Amityville, New York
11701-2704

For Profit / Not For Profit Status

Island Drafting and Technical Institute is a private, for profit school.

Island Drafting and Technical Institute cost and financial aid data source: U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=191959 IPEDS survey data. Data last updated February 2022 and reflects academic year 2020/2021 costs reported by the school.