Florida Institute of Technology

www.fit.edu

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2023 Undergraduate Tuition

$43,420

1.52% growth from 2022

2023 Average Net Price

$36,364

After Financial Aid

2020 Default Rate

0.0543%

on Student Loans

2023 Acceptance Rate

62.5%

15,205 Applicants

2023 Enrolled Students

8,516

49.2% Full-Time

2023 Graduation Rate

65.5%

468 Graduates

About

Florida Institute of Technology is a higher education institution located in Brevard County, FL. In 2023, the most popular Masters Degree concentrations at Florida Institute of Technology were Applied Behavior Analysis (662 degrees awarded), General Business Administration & Management (123 degrees), and Systems Engineering (47 degrees).

In 2023, 2,529 degrees were awarded across all undergraduate and graduate programs at Florida Institute of Technology. 57.8% of these degrees were awarded to women, and 42.2% awarded men. The most common race/ethnicity group of degree recipients was white (1,175 degrees), 3.08 times more than then the next closest race/ethnicity group, hispanic or latino (381 degrees).

The median undergraduate tuition at Florida Institute of Technology is $43,420, which is $12,417 more than the national average for Doctoral Universities ($31,004).

In 2020 the default rate for borrower's at Florida Institute of Technology was 0.0543%, corresponding to 1 out of the 1,840 total borrowers.

Doctoral Universities: Higher Research Activity Doctoral Universities

Costs

In 2023, the median undergraduate tuition at Florida Institute of Technology is $43,420, which is $12,417 more than the national average for Doctoral Universities ($31,004).

After taking grants and loans into account, the average net price for students is $36,364.

In 2023, 82% of undergraduate students attending Florida Institute of Technology received financial aid through grants. Comparatively, 40% of undergraduate students received financial aid through loans.

Tuition Costs

$43,420

2023 Undergraduate Tuition

In 2023, the cost of tuition at Florida Institute of Technology was $43,420. The cost of tuition at Florida Institute of Technology is $12,417 more than than the overall (public and private) national average for Doctoral Universities ($31,004).

This chart compares the tuition costs of Florida Institute of Technology (in red) with those of other similar universities.

Average Net Price

$36,364

2023 Value

18.2%

1 Year Growth

In 2023 Florida Institute of Technology had an average net price — the price paid after factoring in grants and loans — of $36,364. Between 2022 and 2023, the average net price of Florida Institute of Technology grew by 18.2%.

This chart compares the average net price of Florida Institute of Technology (in red) with that of other similar universities.

Average net price is calculated from full-time beginning undergraduate students who were awarded a grant or scholarship from federal, state or local governments, or the institution.

Other Student Expenses

$12,443

Room and Board

$1,200

Books and Supplies

The average yearly cost of room and board at Florida Institute of Technology was of $12,443 in 2023. The cost of room and board increased by 4.2% between 2022 and 2023.

During the same period, the average yearly cost of books and supplies was $1,200. The cost of books and supplies did not change during the same period.

This chart compares the average student costs at Florida Institute of Technology (in red) with that of similar universities.

Financial Aid by Income Level

82%

Undergraduates Receiving Financial Aid through Grants

40%

Undergraduates Receiving Financial Aid through Loans

82% of undergraduate students at Florida Institute of Technology received financial aid through grants or loans in 2023. This represents a growth of 2.5% with respect to 2022, when 80% of undergraduate students received financial aid.

This chart compares the average award discount at Florida Institute of Technology (in red) with that of other similar universities.

The average award discount is the ratio between the average grant or scholarship value, and the cost, which is the sum of out-of-state tuition, room, board, book, supplies, and other expenses.

Student Loan Default Rate

Cohort default rates only account for borrowers who default in the first three years, and some schools only have a small proportion of borrowers entering repayment. These rates should be interpreted with caution, as they may not be reflective of the entire school population.

0.0543%

2020 Default Rate

Number of Defaults

In 2020 the default rate for borrower's at Florida Institute of Technology was 0.0543%, which represents 1 out of the 1840 total borrowers.

A cohort default rate is the percentage of a school's borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year.

Admissions

Florida Institute of Technology received 15,205 undergraduate applications in 2023, which represents a 9.07% annual growth. Out of those 15,205 applicants, 9,507 students were accepted for enrollment, representing a 62.5% acceptance rate.

There were 8,516 students enrolled at Florida Institute of Technology in 2023. 70% of first-time enrollees submitted SAT scores with their applications.

Florida Institute of Technology has an overall enrollment yield of 9.28%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

62.5%

Acceptance Rate in 2023

9,507

Accepted Out of 15,205

In 2023, the undergraduate acceptance rate of Florida Institute of Technology was 62.5% (9,507 admissions from 15,205 applications). This is lower than the acceptance rate of 2022, which was 64.4%. Between 2022 and 2023, the number of applicants grew by 9.07%, while admissions grew by 5.94%.

This chart compares the acceptance rate of Florida Institute of Technology (in red) with that of other similar universities, and the chart below shows the acceptance rate by gender.

SAT Scores

70%

Submission Percentage (2023)

617

Scores Submitted (2023)

70% of enrolled first-time students at Florida Institute of Technology in 2023 submitted SAT scores with their applications.

The following chart shows the average SAT scores for the 25th, 50th, and 75th percentile of applicants for each section of the test that they are evaluated on.

Enrollment

Florida Institute of Technology had a total enrollment of 8,516 students in 2023. The full-time enrollment at Florida Institute of Technology is 4,194 students and the part-time enrollment is 4,322. This means that 49.2% of students enrolled at Florida Institute of Technology are enrolled full-time.

The enrolled student population at Florida Institute of Technology, both undergraduate and graduate, is 45.5% White, 16.9% Hispanic or Latino, 6.34% Black or African American, 3.16% Asian, 2.78% Two or More Races, 0.211% American Indian or Alaska Native, and 0.164% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Florida Institute of Technology in full-time Undergraduate programs are most commonly White Male (35.6%), followed by White Female (19%) and Hispanic or Latino Male (9.92%). Students enrolled in full-time Graduate programs are most commonly White Female (16.4%), followed by White Male (11%) and Hispanic or Latino Female (4.62%).

Full-Time vs Part-Time Enrollment

49.2%

Full-Time Enrollment

The total enrollment at Florida Institute of Technology in 2023, both undergraduate and graduate, is 8,516 students. The full-time enrollment at Florida Institute of Technology is 4,194 and the part-time enrollment is 4,322. This means that 49.2% of students enrolled at Florida Institute of Technology are enrolled full-time compared with 77.9% at similar Doctoral Universities.

This chart shows the full-time vs part-time enrollment status at Florida Institute of Technology (in red) compares to similar universities.

Retention Rate over Time

77%

2023 Retention Rate

Retention rate measures the number of first-time students who began their studies the previous fall and returned to school the following fall. The retention rate for full-time undergraduates at Florida Institute of Technology was 77%. Compared with the full-time retention rate at similar Doctoral Universities (84%), Florida Institute of Technology had a retention rate lower than its peers.

This chart shows the retention rate over time at Florida Institute of Technology (highlighted in red) compares to similar universities.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2023)

White
3,878 enrolled students
Hispanic or Latino
1,435 enrolled students
Black or African American
540 enrolled students

The enrolled student population at Florida Institute of Technology is 45.5% White, 16.9% Hispanic or Latino, 6.34% Black or African American, 3.16% Asian, 2.78% Two or More Races, 0.211% American Indian or Alaska Native, and 0.164% Native Hawaiian or Other Pacific Islanders. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Doctoral Universities is 46.5% White, 15.9% Hispanic or Latino, and 9.78% Black or African American.

Any student who is studying in the United States on a temporary basis is categorized as a "Non-Resident Alien", and the share of those students are shown in the chart below. Additionally, 475 students (5.58%) did not report their race.

Graduates

In 2023, 395 more women than men received degrees from Florida Institute of Technology. The most common race/ethnicity group of degree recipients at Florida Institute of Technology is white (1,175 degrees awarded). There were 3.08 times more white recipients than the next closest race/ethnicity group, hispanic or latino (381 degrees).

The most common Masters Degree concentration at Florida Institute of Technology is Applied Behavior Analysis (662 degrees awarded), followed by General Business Administration & Management (123 degrees) and Systems Engineering (47 degrees).

In 2023, the most specialized majors across all degree types at Florida Institute of Technology, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Applied Sciences (34 degrees awarded), Psychology (1,173 degrees), and Transportation (160 degrees).

Common Jobs by Major

Software developers

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Florida Institute of Technology are Software developers (542,925 people), Other managers (468,948 people), Miscellaneous engineers, including nuclear engineers (397,687 people), Civil engineers (309,217 people), and Mechanical engineers (231,337 people).

The most specialized majors at Florida Institute of Technology in 2023 are Applied Sciences (34 degrees awarded), Psychology (1,173 degrees), Transportation (160 degrees), Engineering (460 degrees), and Physical Sciences (66 degrees) (as of 2023).

Highest Paying Jobs by Major

Podiatrists

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Florida Institute of Technology are Podiatrists, Cardiovascular technologists and technicians, Surgeons, Physicians, and Securities, commodities, & financial services sales agents

The most specialized majors at Florida Institute of Technology are Applied Sciences (34 degrees awarded), Psychology (1,173 degrees), Transportation (160 degrees), Engineering (460 degrees), and Physical Sciences (66 degrees) (as of 2023).

Common Industries by Major

Computer Systems Design

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Florida Institute of Technology are Computer Systems Design (574,103 people), Architectural, engineering & related services (483,424 people), Elementary & secondary schools (467,376 people), Colleges, universities & professional schools, including junior colleges (452,873 people), and Construction (348,210 people).

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Florida Institute of Technology.

Most Common (2023)

Applied Behavior Analysis
662 degrees awarded
General Business Administration & Management
123 degrees awarded
Systems Engineering
47 degrees awarded

In 2023, the most common masters degree concentration at Florida Institute of Technology was Applied Behavior Analysis with 662 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from masters degree programs at Florida Institute of Technology according to their major.

Sex Breakdown for Common Majors

1,067

Degrees Awarded to Men

in 2023

1,462

Degrees Awarded to Women

in 2023

In 2023, 1,067 degrees were awarded to men at Florida Institute of Technology, which is 0.73 times less than the number of degrees awarded to females (1,462).

This chart displays the sex disparity between the top 5 majors at Florida Institute of Technology by degrees awarded.

Most Common Male Majors

In 2023, 115 degrees were awarded to men at Florida Institute of Technology in Applied Behavior Analysis, which is 0.119 times less than the 968 female recipients with that same degree.

Most Common Female Majors

In 2023, 968 degrees were awarded to men at Florida Institute of Technology in Applied Behavior Analysis, which is 8.42 times more than the 115 male recipients with that same degree.

Time to Complete

53%

100% Completion Time

66%

150% Completion Time

In 2023, 53% of students graduating from Florida Institute of Technology completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 66% completed their degrees within 150% of the normal time, and 67% within 200%.

The following chart shows these completion rates over time compared to the average for the Doctoral Universities Carnegie Classification group.

Graduation rate is defined as the percentage of full-time, first-time students who received a degree or award within a specific percentage of "normal time" to completion for their program.

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.

Asian Female

Highest Graduation Rate (85.7%)

The student demographic with the highest graduation rate in 2023 at Florida Institute of Technology is Female and Asian (85.7% graduation rate). Across all Doctoral Universities, Non-resident Alien Male students have the highest graduation rate (65.7%).

The department of education defines graduation rate as the percentage of full-time, first-time students who received a degree or award within 150% of "normal time" to completion.

The National Center for Education Statistics (NCES) categorizes any student who is studying in the United States on a temporary basis as a "Non-Resident Alien", and the graduation rate of those students is shown in the chart below. Additionally, 1.71% of graduates (8 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2023)

White
1,175 degrees awarded
Hispanic or Latino
381 degrees awarded
Black or African American
160 degrees awarded

The most common race/ethnicity at Florida Institute of Technology is white (1,175 degrees awarded). There were 3.08 times more white recipients than the next closest race/ethnicity group, hispanic or latino (381 degrees).

6.6% of degree recipients (167 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2023)

White Female
699 degrees awarded
White Male
476 degrees awarded
Hispanic or Latino Female
250 degrees awarded

The most common race/ethnicity and sex grouping at Florida Institute of Technology is white female (699 degrees awarded). There were 1.47 times more white female recipients than the next closest race/ethnicity group, white male (476 degrees).

Operations

Florida Institute of Technology has an endowment valued at nearly $96.6M, as of the end of the 2023 fiscal year. The return on its endowment was of 11.6M (12%) compared to the 4.37% average return (19M on 434M) across all Doctoral Universities.

In 2023, Florida Institute of Technology had a total salary expenditure of 196M. Florida Institute of Technology employs 105 Assistant professors, 69 Professors and 64 Associate professors. Most academics at Florida Institute of Technology are Male Assistant professor (71), Male Professor (59), and Male Associate professor (51).

The most common positions for non-instructional staff at Florida Institute of Technology are: Service, with 112 employees, Office and Administrative Support, with 100 employees, and Business and Financial Operations with 85 employees.

Endowment

$96.6M

2023 Endowment

8.61%

growth from 2022

Florida Institute of Technology has an endowment valued at about $96.6M, as of the end of the 2023 fiscal year. The endowment of Florida Institute of Technology grew 8.61% from the previous year. The value of their endowment was $337M lower than than the median endowment of Doctoral Universities according to the Carnegie Classification grouping.

This line chart shows how the endowment at Florida Institute of Technology (in red) compares to that of some similar universities.

The small bar chart below shows the endowment quintiles for all universities in the Doctoral Universities: Higher Research Activity Carnegie Classification grouping.

Government Grants and Contracts

Grants & Contracts

$14.4M - Federal
$2.57M - State
$295k - Local

As of 2023, Florida Institute of Technology received $14.4M in grants and contracts from the federal government, $2.57M from state grants and contracts, and $295k from local grants and contracts.

Salary Expenditure

$82.5M

2023 Salaries

7.15%

growth from 2022

In 2023, Florida Institute of Technology paid a median of $82.5M in salaries, which represents 42.2% of their overall expenditure ($196M) and a 7.15% growth from the previous year. This is compared to a 2.27% growth between 2021 and 2022, and a 4.9% decline between 2020 and 2021.

The median for similar Doctoral Universities is 246M (41.5% of overall expenditures).

Instructional Salaries

$27.4M

Instructional Salaries

266

Number of Employees

In 2023, Florida Institute of Technology paid a total of $27.4M to 266 employees working as instructors, which represents 33.3% of all salaries paid.

This is compared to a median of $6.13M (2.35%) for similar Doctoral Universities.

Occupations by Share

Assistant professor

Most Common Instructor

105 Employees

Service

Most Common Non-Instructional Employee

112 Employees

In 2023, the most common positions for instructional staff at Florida Institute of Technology were Assistant professor with 105 employees, Professor with 69 employees, and Associate professor with 64 employees.

In 2023, the most common positions for non-instructional staff at Florida Institute of Technology were Service with 112 employees, Office and Administrative Support with 100 employees, and Business and Financial Operations with 85 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2023)

Male Assistant professor
Male Professor
Male Associate professor

In 2023, the most common demographic for instructional staff at Florida Institute of Technology was Male Assistant professor with 71 employees, Male Professor with 59 employees, and Male Associate professor with 51 employees.

This chart shows the sex split between each academic rank present at Florida Institute of Technology.

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