Florida Institute of Technology

www.fit.edu

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2019 Undergraduate Tuition

$41,720

1.51% growth from 2018

2019 Average Net Price

$32,776

After Financial Aid

2017 Student Loan

8.1%

Default Rate

2019 Acceptance Rate

65.7%

9,743 Applicants

2019 Enrolled Students

6,022

72.2% Full-Time

2018 Graduation Rate

59.8%

450 Graduates

About

Florida Institute of Technology is a higher education institution located in Brevard County, FL. In 2016, the most popular Bachelor's Degree concentrations at Florida Institute of Technology were Mechanical Engineering (100 degrees awarded), Aerospace, Aeronautical, & Astronautical Engineering (74 degrees), and Airway Management & Operations (50 degrees).

In 2019, 1,942 degrees were awarded across all undergraduate and graduate programs at Florida Institute of Technology. 37.5% of these degrees were awarded to women, and 62.5% awarded men. The most common race/ethnicity group of degree recipients was white (855 degrees), 5.25 times more than then the next closest race/ethnicity group, black or african american (163 degrees).

The median undergraduate tuition at Florida Institute of Technology is $41,720, which is $13,220 more than the national average for Doctoral Universities ($28,500).

Doctoral Universities: Higher Research Activity Doctoral Universities

Costs

The median undergraduate tuition at Florida Institute of Technology is $41,720, which is $13,220 more than the national average for Doctoral Universities ($28,500).

After taking grants and loans into account, the average net price for students is $32,776.

In 2019, 80% of undergraduate students received federal grants, while 36% of undergraduate students received federal loans.

Student Expenses

Tuition Costs

$41,720

2019 Undergraduate Tuition

In 2019, the cost of tuition at Florida Institute of Technology was $41,720. The cost of tuition at Florida Institute of Technology is $13,220 more than than the overall (public and private) national average for Doctoral Universities ($28,500).

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

Average Net Price

$32,776

2019 Value

3.99%

1 Year Growth

In 2019 Florida Institute of Technology had an average net price — the price paid after factoring in grants and loans — of $32,776. Between 2018 and 2019, the average net price of Florida Institute of Technology grew by 3.99%.

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

$12,880

Room and Board

$1,200

Books and Supplies

The average yearly cost of room and board at Florida Institute of Technology was of $12,880 in 2019. During the same period, the average yearly cost of books and supplies was $1,200. The cost of room and board decreased by 5.36% between 2018 and 2019. 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

Financial Aid by Income Level

80%

Of Undergraduates Receive Grants

36%

Of Undergraduates Receive Federal Loans

80% of undergraduate students at Florida Institute of Technology received grants or loans in 2019. This represents a growth of 0% with respect to 2018, 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.

8.1%

2017 Default Rate

207

Number of Defaults

In 2017 the default rate for borrower's at Florida Institute of Technology was 8.1%, which represents 207 out of the 2557 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 9,743 undergraduate applications in 2019, which represents a 4.62% annual growth. Out of those 9,743 applicants, 6,406 students were accepted for enrollment, representing a 65.7% acceptance rate.

There were 6,022 students enrolled at Florida Institute of Technology in 2019, and 78% of first-time enrollees submitted SAT scores with their applications.

Florida Institute of Technology has an overall enrollment yield of 10.4%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

65.7%

Acceptance Rate in 2019

6,406

Accepted Out of 9,743

In 2019, the undergraduate acceptance rate of Florida Institute of Technology was 65.7% (6,406 admissions from 9,743 applications). This is higher than the acceptance rate of 2018, which was 65%. Between 2018 and 2019, the number of applicants grew by 4.62%, while admissions grew by 5.76%.

This chart compares the acceptance rate of Florida Institute of Technology (in red) with that of other similar universities.

SAT Scores

78%

Submission Percentage

521

Scores Submitted

78% of enrolled first-time students at Florida Institute of Technology in 2019 submitted SAT scores with their applications.

This chart shows the SAT scores for the 25th and 75th percentile of applicants broken out into each section of the test that their are evaluated on.

Enrollment

Florida Institute of Technology has a total enrollment of 6,022 students. The full-time enrollment at Florida Institute of Technology is 4,349 students and the part-time enrollment is 1,673. This means that 72.2% 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 48.6% White, 9.81% Hispanic or Latino, 7.11% Black or African American, 2.86% Asian, 2.59% Two or More Races, 0.299% American Indian or Alaska Native, and 0.232% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Florida Institute of Technology in full-time Undergraduate programs are most commonly White Male (36%), followed by White Female (16.4%) and Hispanic or Latino Male (6.75%). Students enrolled in full-time Graduate programs are most commonly White Female (24.3%), followed by White Male (16.3%) and Hispanic or Latino Female (6.02%).

Full-Time vs Part-Time Enrollment

72.2%

Full-Time Enrollment

The total enrollment at Florida Institute of Technology, both undergraduate and graduate, is 6,022 students. The full-time enrollment at Florida Institute of Technology is 4,349 and the part-time enrollment is 1,673. This means that 72.2% of students enrolled at Florida Institute of Technology are enrolled full-time compared with 77.6% 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

79%

2019 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 79%. Compared with the full-time retention rate at similar Doctoral Universities (83%), 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

White
2,925
Hispanic or Latino
591
Black or African American
428

The enrolled student population at Florida Institute of Technology is 48.6% White, 9.81% Hispanic or Latino, 7.11% Black or African American, 2.86% Asian, 2.59% Two or More Races, 0.299% American Indian or Alaska Native, and 0.232% 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 50.3% White, 14.3% Hispanic or Latino, and 9.48% 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, 229 students (3.8%) did not report their race.

Graduates

In 2019, 484 fewer 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 (855 degrees awarded). There were 5.25 times more white graduates than the next closest race/ethnicity group, black or african american (163 degrees).

The most common Bachelor's Degree concentration at Florida Institute of Technology is Mechanical Engineering (100 degrees awarded), followed by Aerospace, Aeronautical, & Astronautical Engineering (74 degrees) and Airway Management & Operations (50 degrees).

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 (24 degrees awarded), Transportation (141 degrees), and Engineering (584 degrees).

Workforce

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 (962,130 people), Other managers (494,464 people), Miscellaneous engineers, including nuclear engineers (373,871 people), Civil engineers (280,155 people), and Postsecondary teachers (228,985 people).

The most specialized majors at Florida Institute of Technology are Applied Sciences (24 degrees awarded), Transportation (141 degrees), Engineering (584 degrees), Psychology (298 degrees), and Physical Sciences (51 degrees).

Highest Paying Jobs by Major

Surgeons

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 Surgeons, Chief executives & legislators, Cardiovascular technologists and technicians, Physicians, and Computer hardware engineers

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 (1,012,392 people), Colleges, universities & professional schools, including junior colleges (514,456 people), Architectural, engineering & related services (483,158 people), Elementary & secondary schools (477,362 people), and Construction (337,764 people).

Degrees

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

Mechanical Engineering
100 degree-majorss awarded
Aerospace, Aeronautical, & Astronautical Engineering
74 degree-majorss awarded
Airway Management & Operations
50 degree-majorss awarded

In 2019, the most common bachelors degree concentration at Florida Institute of Technology was Mechanical Engineering with 100 degrees awarded.

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

Gender Breakdown for Common Majors

1,213

Degrees Awarded to Men

in 2019

729

Degrees Awarded to Women

in 2019

In 2019, 1,213 degrees were awarded to men at Florida Institute of Technology, which is 1.66 times more than the number of degrees awarded to females (729).

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

Most Common Male Majors

In 2019, 108 degrees were awarded to men at Florida Institute of Technology in Mechanical Engineering, which is 5.14 times more than the 21 female recipients with that same degree.

Most Common Female Majors

In 2019, 149 degrees were awarded to women at Florida Institute of Technology in Applied Behavior Analysis, which is 4.81 times more than the 31 male recipients with that same degree.

Time to Complete

43%

100% Completion Time

60%

150% Completion Time

In 2019, 43% 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, 60% completed their degrees within 150% of the normal time, and 62% 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.

Diversity

Graduation Rate by Race and Gender

Showing demographic groups with ≥ 5 graduating students.

Asian Female

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate at Florida Institute of Technology is Female and Asian (100% graduation rate). Across all Doctoral Universities, Asian Female students have the highest graduation rate (69.1%).

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, 18% of graduates (81 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity

White
855 degrees awarded
Black or African American
163 degrees awarded
Hispanic or Latino
144 degrees awarded

The most common race/ethnicity at Florida Institute of Technology is white (855 degrees awarded). There were 5.25 times more white recipients than the next closest race/ethnicity group, black or african american (163 degrees).

1.65% of degree recipients (32 students) did not report their race.

Race & Ethnicity by Gender

Most Common Gender Demographic

White Male
511 degrees awarded
White Female
344 degrees awarded
Black or African American Male
95 degrees awarded

The most common race/ethnicity and gender grouping at Florida Institute of Technology is white male (511 degrees awarded). There were 1.49 times more white male recipients than the next closest race/ethnicity group, white female (344 degrees).

Operations

Florida Institute of Technology has an endowment valued at nearly $89.7M, as of the end of the 2019 fiscal year. The return on its endowment was of $6.96M (7.76%), compared to the 4.24% average return ($13.2M on $311M) across all Doctoral Universities.

In 2019, Florida Institute of Technology had a total salary expenditure of $186M. Florida Institute of Technology employs 99 Assistant professors, 88 Associate professors, and 77 Professors. Most academics at Florida Institute of Technology are Male Associate professors (73), Male Assistant professors(65), and Male Professors (63).

The most common positions for non-instructional staff at Florida Institute of Technology are: Office and Administrative Support, with 159 employees, Service, with 128 employees, and Computer, Engineering, and Science with 102 employees.

Finances

Endowment

$89.7M

2019 Endowment

12.4%

growth from 2018

Florida Institute of Technology has an endowment valued at about $89.7M, as of the end of the 2019 fiscal year. The endowment of Florida Institute of Technology grew 12.4% from the previous year. The value of their endowment was $221M 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

$8.76M - Federal
$2.03M - State
$0 - Local

As of 2019, Florida Institute of Technology received $8.76M in grants and contracts from the federal government, $2.03M from state grants and contracts, and $0 from local grants and contracts.

Expenses

Salary Expenditure

$78.6M

2019 Salaries

1.91%

growth from 2018

In 2019, Florida Institute of Technology paid a median of $78.6M in salaries, which represents 42.2% of their overall expenditure ($186M) and a 1.91% growth from the previous year. This is compared to a 2.93% growth from 2017 and a 5.53% decline from 2016.

The median for similar Doctoral Universities is 234M (42.4% of overall expenditures).

Instructional Salaries

$26.4M

Instructional Salaries

288

Number of Employees

In 2019, Florida Institute of Technology paid a total of $26.4M to 288 employees working as instructors, which represents 33.6% of all salaries paid.

This is compared to a median of $71.1M (30.3%) for similar Doctoral Universities.

Faculty and Staff

Occupations by Share

Assistant professor

Most Common Instructor

99 Employees

Office and Administrative Support

Most Common Non-Instructional Employee

159 Employees

In 2019, the most common positions for instructional staff at Florida Institute of Technology were Assistant professor with 99 employees; Associate professor with 88 employees; and Associate professor with 77 employees.

In 2019, the most common positions for non-instructional staff at Florida Institute of Technology were Office and Administrative Support with 159 employees; Service with 128 employees; and Computer, Engineering, and Science with 102 employees.

Instructors by Academic Rank and Gender

Most Common Demographic

Male Associate professor
Male Assistant professor
Male Professor

In 2019, the most common demographic for instructional staff at Florida Institute of Technology was Male Associate professor with 73 employees, Male Assistant professor with 65 employees, and Male Professor with 63 employees.

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

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