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NEiA Tuition & Cost Guide


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Cost to Attend

Costs

$26,433

All Residents

  • Tuition: $18,540
  • Room and Board:$6,297
  • Books and Supplies: $1,500
  • Other Fees: $96

*All tuition data is sourced from the 2015/2016 U.S. Department of Education National Center for Education Statistics survey.

Annual Prices

The annual list price to attend The New England Institute of Art on a full time basis for 2015/2016 is $26,433 for all students regardless of their residency. This fee is comprised of $18,540 for tuition, $6,297 room and board, $1,500 for books and supplies and $96 for other fees.



Financial Aid and Student Loans - What does it really cost to attend?

The average reported annual net price for The New England Institute of Art for students receiving grants or scholarship aid was $28,545 in 2014/2015.

Aid Amount Percent Receiving Aid
Average Annual Total Grant Aid $5,281 93%
Average Pell Grant $4,304 58%
Average Annual Federal Student Loan $7,660 89%

To gauge a more realistic picture of what it may really cost you out of pocket to go to The New England Institute of Art, we've modeled a ten year student loan with an original principal value of $132,416. The loan balance of $132,416 is a four year multiple of the $33,104 average net price. This is a estimate of what you could owe upon graduation if you were to qualify for average financial aid and what a degree really may cost. Should you not qualify for financial aid, you may owe significantly more when you graduate. Based on these assumptions, a monthly repayment of $1,383 could be required to satisfy your student loan.

Please note that financial aid is not guaranteed and is only available for qualifying students. Federal Student Loans are not grants and must be repaid with interest. The current Stafford loan interest rate is 4.7%.

Example Loan $132,416
Stafford Loan Interest Rate 4.7%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $1,382.57
Total Interest Paid $33,492.89
Sum of All Loan Payments $165,908.89

Projected 4 Year Degree Price

Based on published tuition prices, we estimate the current published cost of a 4 year bachelor's degree at The New England Institute of Art to be $105,732 - assuming graduation in normal time. Our estimation assumes a 7% annual increase over the next 4 years which is the national trend.

Year 1 Year 2 Year 3 Year 4
All Residents $26,433 $28,283 $30,263 $32,382

Per Credit Hour and Per Class Prices

We estimate the cost for a class at The New England Institute of Art as follows based on published credit hour prices. Note that not all schools allow single class enrollment. These prices should be used for comparison purposes as to how much it may cost to take a class at The New England Institute of Art versus other colleges.

Cost Per Credit Hour Cost Per Class (3 credit hr) Cost Per Class (4 credit hr)
All Residents $515 $1,545 $2,060

Historical Tuition Prices

The cost to attend college is continually rising. The table below will provide perspective as to the historical tuition increases reported for The New England Institute of Art and what it has cost to attend in past years.

Massachusetts Resident Out of State Annual Percent Change
2010 $23,100 $23,100 5.2%
2009 $21,950 $21,950 5.9%
2008 $20,724 $20,724 5.3%
2007 $19,677 $19,677 7.8%
2006 $18,250 $18,250 4.9%
2005 $17,400 $17,400 4.9%
2004 $16,590 $16,590 5.7%
2003 $15,700 $15,700 4.1%
2002 $15,088 $15,088 22.2%
2001 $12,350 $12,350 9.3%
2000 $11,300 $10,580 0%
1999 $0 $0 0%
1998 $0 $0 0%
1997 $0 $0 0%
1996 $0 $0 0%
1995 $0 $0 0%
1994 $0 $0 0%
1993 $0 $0 0%
1992 $0 $0 0%
1991 $0 $0 0%
1990 $0 $0 0%
1989 $0 $0 0%
1988 $0 $0 0%
1987 $0 $0 0%

Tuition Payments

Tuition Payment Plan Yes
Prepaid Tuition Plan No
Alternative Tuition Plan Yes
Guaranteed Tuition Plan No

Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=167321 IPEDS survey data for The New England Institute of Art.




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