The Fashion Institute of Technology, generally known as FIT, is a State University of New York (SUNY) college of art, business, design, and technology connected to the fashion industry, with an urban campus located on West 27th Street between Seventh and Eighth Avenues in the Chelsea neighborhood of Manhattan , New York City. It was founded in 1944, accredited in 1957, and is ranked among the top five fashion schools in the world. It has an enrollment of more than 10,000 students. FIT's 2010-2011 tuition and fees are estimated at $5,438 for in-state students and $13,820 for out-of-state students.