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The Fashion Institute of Technology in New York City has several alumni that are notable fashion industry powerhouses, including Michael Kors and Calvin Klein. Financial aid is provided to 69% of full-time beginning undergraduates, with 15% of these students receiving institutional grants or scholarships. Institutional scholarships and grants are funded through private donations made to the Educational Foundation for the Fashion Industries and are most often awarded to second, third and fourth year students with demonstrated financial need and professional promise. Full-time students in the institute's International Trade and Marketing Department, for example, can receive a Full-Time Scholarship that provides New York residents with the full cost of tuition and non-residents with half the cost of tuition.