Florida Institute of Technology

https://www.fit.edu

2024 Undergraduate Tuition

$44,620

2.76% growth from 2023

2024 Average Net Price

$37,361

After Financial Aid

2023 Default Rate

0.269%

on Student Loans

2024 Acceptance Rate

57.7%

17,295 Applicants

2024 Enrolled Students

8,992

48.3% Full-Time

2024 Graduation Rate

61.8%

476 Graduates

Costs

In 2024, the median undergraduate tuition at Florida Institute of Technology is $44,620, which is $12,700 more than the national average for Doctoral Universities ($31,920).

After taking grants and loans into account, the average net price for students is $37,361.

In 2024, 85% 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

$44,620

2024 Undergraduate Tuition

In 2024, the cost of tuition at Florida Institute of Technology was $44,620. The cost of tuition at Florida Institute of Technology is $12,700 more than than the overall (public and private) national average for Doctoral Universities ($31,920).

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

Average Net Price

$37,361

2024 Value

2.74%

1 Year Growth

In 2024 Florida Institute of Technology had an average net price — the price paid after factoring in grants and loans — of $37,361. Between 2023 and 2024, the average net price of Florida Institute of Technology grew by 2.74%.

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

$14,340

Room and Board

$1,200

Books and Supplies

The average yearly cost of room and board at Florida Institute of Technology was of $14,340 in 2024. The cost of room and board increased by 15.2% between 2023 and 2024.

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

85%

Undergraduates Receiving Financial Aid through Grants

40%

Undergraduates Receiving Financial Aid through Loans

85% of undergraduate students at Florida Institute of Technology received financial aid through grants or loans in 2024. This represents a growth of 3.66% with respect to 2023, when 82% 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.

0.269%

2023 Default Rate

Number of Defaults

In 2023 the default rate for borrower's at Florida Institute of Technology was 0.269%, which represents 5 out of the 1857 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.

Enrollment

Florida Institute of Technology had a total enrollment of 8,992 students in 2024. The full-time enrollment at Florida Institute of Technology is 4,346 students and the part-time enrollment is 4,646. This means that 48.3% 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 45.9% White, 18.7% Hispanic or Latino, 6.11% Black or African American, 3.59% Asian, 2.87% Two or More Races, 0.267% American Indian or Alaska Native, and 0.2% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Florida Institute of Technology in full-time Undergraduate programs are most commonly White Male (36.2%), followed by White Female (19.2%) and Hispanic or Latino Male (11%). Students enrolled in full-time Graduate programs are most commonly White Female (16%), followed by White Male (11.2%) and Hispanic or Latino Female (4.49%).

Full-Time vs Part-Time Enrollment

48.3%

Full-Time Enrollment

The total enrollment at Florida Institute of Technology in 2024, both undergraduate and graduate, is 8,992 students. The full-time enrollment at Florida Institute of Technology is 4,346 and the part-time enrollment is 4,646. This means that 48.3% of students enrolled at Florida Institute of Technology are enrolled full-time compared with 77.3% 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

80%

2024 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 80%. Compared with the full-time retention rate at similar Doctoral Universities (82%), 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 (2024)

White
4,125 enrolled students
Hispanic or Latino
1,685 enrolled students
Black or African American
549 enrolled students

The enrolled student population at Florida Institute of Technology is 45.9% White, 18.7% Hispanic or Latino, 6.11% Black or African American, 3.59% Asian, 2.87% Two or More Races, 0.267% American Indian or Alaska Native, and 0.2% 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 46.2% White, 16.3% Hispanic or Latino, and 10.4% 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, 521 students (5.79%) did not report their race.

Graduates

In 2024, 485 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 (1,197 degrees awarded). There were 2.68 times more white recipients than the next closest race/ethnicity group, hispanic or latino (446 degrees).

The most common Masters Degree concentration at Florida Institute of Technology is Applied Behavior Analysis (823 degrees awarded), followed by General Business Administration & Management (90 degrees) and Engineering & Industrial Management (43 degrees).

In 2024, 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 (31 degrees awarded), Psychology (1,286 degrees), and Transportation (169 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 (573,755 people), Other managers (484,138 people), Miscellaneous engineers, including nuclear engineers (409,133 people), Civil engineers (324,335 people), and Mechanical engineers (237,002 people).

The most specialized majors at Florida Institute of Technology in 2024 are Applied Sciences (31 degrees awarded), Psychology (1,286 degrees), Transportation (169 degrees), Engineering (453 degrees), and Physical Sciences (63 degrees) (as of 2024).

Highest Paying Jobs by Major

Physicians

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 Physicians, Surgeons, Cardiovascular technologists and technicians, Podiatrists, and Actuaries

The most specialized majors at Florida Institute of Technology are Applied Sciences (31 degrees awarded), Psychology (1,286 degrees), Transportation (169 degrees), Engineering (453 degrees), and Physical Sciences (63 degrees) (as of 2024).

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 (630,432 people), Architectural, engineering & related services (518,714 people), Elementary & secondary schools (503,995 people), Colleges, universities & professional schools, including junior colleges (477,131 people), and Construction (385,087 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 (2024)

Air Traffic Controller
25 degrees awarded
Airway Management & Operations
18 degrees awarded

In 2024, the most common associates degree concentration at Florida Institute of Technology was Air Traffic Controller with 25 degrees awarded.

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

Sex Breakdown for Common Majors

1,092

Degrees Awarded to Men

in 2024

1,577

Degrees Awarded to Women

in 2024

In 2024, 1,092 degrees were awarded to men at Florida Institute of Technology, which is 0.692 times less than the number of degrees awarded to females (1,577).

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

Most Common Male Majors

In 2024, 139 degrees were awarded to men at Florida Institute of Technology in Applied Behavior Analysis, which is 0.132 times less than the 1,056 female recipients with that same degree.

Most Common Female Majors

In 2024, 1,056 degrees were awarded to men at Florida Institute of Technology in Applied Behavior Analysis, which is 7.6 times more than the 139 male recipients with that same degree.

Time to Complete

50%

100% Completion Time

67%

150% Completion Time

In 2024, 50% 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, 67% completed their degrees within 150% of the normal time, and 68% 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.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2024)

White
1,197 degrees awarded
Hispanic or Latino
446 degrees awarded
Black or African American
186 degrees awarded

The most common race/ethnicity at Florida Institute of Technology is white (1,197 degrees awarded). There were 2.68 times more white recipients than the next closest race/ethnicity group, hispanic or latino (446 degrees).

5.51% of degree recipients (147 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2024)

White Female
770 degrees awarded
White Female
699 degrees awarded
White Male
528 degrees awarded

The most common race/ethnicity and sex grouping at Florida Institute of Technology is white female (770 degrees awarded). There were 1.1 times more white female recipients than the next closest race/ethnicity group, white female (699 degrees).

Operations

Florida Institute of Technology has an endowment valued at nearly $106M, as of the end of the 2024 fiscal year. The return on its endowment was of 14.9M (14.1%) compared to the 9.4% average return (23.7M on 252M) across all Doctoral Universities.

In 2024, Florida Institute of Technology had a total salary expenditure of 205M. Florida Institute of Technology employs 105 Assistant professors, 68 Professors and 63 Associate professors. Most academics at Florida Institute of Technology are Male Assistant professor (75), Male Professor (58), and Male Associate professor (49).

The most common positions for non-instructional staff at Florida Institute of Technology are: Service, with 111 employees, Office and Administrative Support, with 108 employees, and Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 90 employees.

Endowment

$106M

2024 Endowment

9.71%

growth from 2023

Florida Institute of Technology has an endowment valued at about $106M, as of the end of the 2024 fiscal year. The endowment of Florida Institute of Technology grew 9.71% from the previous year. The value of their endowment was $146M 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

$10.9M - Federal
$3.61M - State
$321k - Local

As of 2024, Florida Institute of Technology received $10.9M in grants and contracts from the federal government, $3.61M from state grants and contracts, and $321k from local grants and contracts.

Salary Expenditure

$89.7M

2024 Salaries

8.64%

growth from 2023

In 2024, Florida Institute of Technology paid a median of $89.7M in salaries, which represents 43.7% of their overall expenditure ($205M) and a 8.64% growth from the previous year. This is compared to a 7.15% growth between 2022 and 2023, and a 2.27% growth between 2021 and 2022.

Instructional Salaries

$27.5M

Instructional Salaries

263

Number of Employees

In 2024, Florida Institute of Technology paid a total of $27.5M to 263 employees working as instructors, which represents 30.7% of all salaries paid.

This is compared to a median of $4.1M (2.29%) for similar Doctoral Universities.

Occupations by Share

In 2024, the most common positions for non-instructional staff at Florida Institute of Technology were Service with 111 employees, Office and Administrative Support with 108 employees, and Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 90 employees.

Florida Institute of Technology

About

Florida Institute of Technology

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About

Costs

Tuition Costs

Average Net Price

Other Student Expenses

Financial Aid by Income Level

Student Loan Default Rate

Admissions

Acceptance Rate

SAT Scores

Enrollment

Full-Time vs Part-Time Enrollment

Retention Rate over Time

Enrollment by Race & Ethnicity

Graduates

Common Jobs by Major

Highest Paying Jobs by Major

Common Industries by Major

Majors Awarded

Sex Breakdown for Common Majors

Most Common Male Majors

Most Common Female Majors

Time to Complete

Race & Ethnicity by Share

Race & Ethnicity by Sex

Operations

Endowment

Government Grants and Contracts

Salary Expenditure

Instructional Salaries

Occupations by Share

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