New England Institute of Technology
4 Year Degrees
Main Campus
New England Region
https://www.neit.edu/
Average Annual Tuition at New England Institute of Technology
The latest data we have for New England Institute of Technology's annual average net costs are from 2021. These costs and and the average Rhode Island schools include tuition, fees, living expenses, books, and fees minus the average grants and scholarships for federal financial aid recipients.
| In-state Tuition | Out-of-state Tuition | Median Debt | Avgerate Net Cost | |
|---|---|---|---|---|
| New England Institute of Technology | $33,900 | $33,900 | $16,668 | $35,654 |
| RI Average | $40,644 | $40,644 | $24,350 | $34,219 |
As you can see, annual costs at New England Institute of Technology have risen over the last few years, and are projected to continue to skyrocket based on our analysis.
Actual Costs Projected Costs
Colleges and universities across the United States experienced cost (tuition + living) increases of 2.5% in 2019. This most recent inflation figure was down slightly from the 2.9 percent in 2018 and 3.4 percent in 2017, but still underscores the rising costs of sending your children to higher education.
These rising costs are hitting closer to home in Rhode Island as well. Rhode Island's' higher education costs rose by 44.3% in just the last 10 years, ranking as the 16th highest state.
New England Institute of Technology Financial Assistance
76% of students enrolled at New England Institute of Technology receive some form of Federal loan assistance. You can view New England Institute of Technology's student aid calculator here.
Use a 529 Plan to Offset Rising Education Costs
One of the most sound investments you can make to help pay for your child's higher education is by using a 529 plan. These funds grow in a tax-free environment, and generally have a 3-5% rate of return. The only catch is that all funds need to be used for higher education, and if not... there are monetary penalties imposed when withdrawn for other uses.
Rhode Island offers an advisor-sold plan, CollegeBound 529, and a direct-sold plan, CollegeBound Saver. Both plans are managed by Ascensus College Savings which replaced AllianceBernstein as program manager in 2016. The advisor-sold plan features Invesco mutual funds and ETFs, and the direct-sold plan features funds from Invesco, Vanguard and BlackRock.
| State Plan Name: | CollegeBound Fund |
|---|---|
| Minimum Contribution: | $0 |
| Maximum Contribution: | Contributions are cut off once the total market value reaches $395,000. After that, the account will just continue accruing earnings. |
| Fees: | Fees vary from 0.04% to 0.85%, depending on which portfolio you choose and your residency status. |
Rhode Island School Statistics
We've analyzed all other higher education schools in RI, and wrapped it up nicely into a report for you. View our RI analysis report.
There are 9 other accredited private schools located in the state of Rhode Island. You can view all RI schools here.