Florida Institute of Technology

www.fit.edu

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2022 Undergraduate Tuition

$42,770

1% growth from 2021

2022 Average Net Price

$30,752

After Financial Aid

2020 Default Rate

0.0543%

on Student Loans

2022 Acceptance Rate

64.4%

13,941 Applicants

2022 Enrolled Students

8,315

48.8% Full-Time

2022 Graduation Rate

66.9%

505 Graduates

About

Florida Institute of Technology is a higher education institution located in Brevard County, FL. In 2022, the most popular Masters Degree concentrations at Florida Institute of Technology were Applied Behavior Analysis (205 degrees awarded), General Business Administration & Management (132 degrees), and Engineering & Industrial Management (58 degrees).

In 2022, 2,019 degrees were awarded across all undergraduate and graduate programs at Florida Institute of Technology. 46.3% of these degrees were awarded to women, and 53.7% awarded men. The most common race/ethnicity group of degree recipients was white (1,022 degrees), 4.54 times more than then the next closest race/ethnicity group, hispanic or latino (225 degrees).

The median undergraduate tuition at Florida Institute of Technology is $42,770, which is $12,620 more than the national average for Doctoral Universities ($30,150).

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

Doctoral Universities: Higher Research Activity Doctoral Universities

Costs

In 2022, the median undergraduate tuition at Florida Institute of Technology is $42,770, which is $12,620 more than the national average for Doctoral Universities ($30,150).

After taking grants and loans into account, the average net price for students is $30,752.

In 2022, 80% 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

$42,770

2022 Undergraduate Tuition

In 2022, the cost of tuition at Florida Institute of Technology was $42,770. The cost of tuition at Florida Institute of Technology is $12,620 more than than the overall (public and private) national average for Doctoral Universities ($30,150).

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

Average Net Price

$30,752

2022 Value

4.83%

1 Year Growth

In 2022 Florida Institute of Technology had an average net price — the price paid after factoring in grants and loans — of $30,752. Between 2021 and 2022, the average net price of Florida Institute of Technology grew by 4.83%.

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

$11,942

Room and Board

$1,200

Books and Supplies

The average yearly cost of room and board at Florida Institute of Technology was of $11,942 in 2022. The cost of room and board increased by 1.38% between 2021 and 2022.

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

80%

Undergraduates Receiving Financial Aid through Grants

40%

Undergraduates Receiving Financial Aid through Loans

80% of undergraduate students at Florida Institute of Technology received financial aid through grants or loans in 2022. This represents a growth of 0% with respect to 2021, 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 13,941 undergraduate applications in 2022, which represents a 30.9% annual growth. Out of those 13,941 applicants, 8,974 students were accepted for enrollment, representing a 64.4% acceptance rate.

There were 8,315 students enrolled at Florida Institute of Technology in 2022. 75% of first-time enrollees submitted SAT scores with their applications.

Florida Institute of Technology has an overall enrollment yield of 8.67%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

64.4%

Acceptance Rate in 2022

8,974

Accepted Out of 13,941

In 2022, the undergraduate acceptance rate of Florida Institute of Technology was 64.4% (8,974 admissions from 13,941 applications). This is lower than the acceptance rate of 2021, which was 65.9%. Between 2021 and 2022, the number of applicants grew by 30.9%, while admissions grew by 27.9%.

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

75%

Submission Percentage (2022)

587

Scores Submitted (2022)

75% of enrolled first-time students at Florida Institute of Technology in 2022 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 8,315 students in 2022. The full-time enrollment at Florida Institute of Technology is 4,056 students and the part-time enrollment is 4,259. This means that 48.8% 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 46.6% White, 15.9% Hispanic or Latino, 6.58% Black or African American, 2.81% Two or More Races, 2.61% Asian, 0.253% American Indian or Alaska Native, and 0.18% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Florida Institute of Technology in full-time Undergraduate programs are most commonly White Male (35.8%), followed by White Female (18.8%) and Hispanic or Latino Male (9.1%). Students enrolled in full-time Graduate programs are most commonly White Female (17.8%), followed by White Male (12.1%) and Hispanic or Latino Female (4.96%).

Full-Time vs Part-Time Enrollment

48.8%

Full-Time Enrollment

The total enrollment at Florida Institute of Technology in 2022, both undergraduate and graduate, is 8,315 students. The full-time enrollment at Florida Institute of Technology is 4,056 and the part-time enrollment is 4,259. This means that 48.8% of students enrolled at Florida Institute of Technology are enrolled full-time compared with 77.4% 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

75%

2022 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 75%. 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 (2022)

White
3,874 enrolled students
Hispanic or Latino
1,325 enrolled students
Black or African American
547 enrolled students

The enrolled student population at Florida Institute of Technology is 46.6% White, 15.9% Hispanic or Latino, 6.58% Black or African American, 2.81% Two or More Races, 2.61% Asian, 0.253% American Indian or Alaska Native, and 0.18% 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 47.5% White, 15.5% Hispanic or Latino, and 9.58% 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, 461 students (5.54%) did not report their race.

Graduates

In 2022, 151 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 (1,022 degrees awarded). There were 4.54 times more white recipients than the next closest race/ethnicity group, hispanic or latino (225 degrees).

The most common Masters Degree concentration at Florida Institute of Technology is Applied Behavior Analysis (205 degrees awarded), followed by General Business Administration & Management (132 degrees) and Engineering & Industrial Management (58 degrees).

In 2022, 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 (28 degrees awarded), Transportation (156 degrees), and Engineering (498 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 (505,529 people), Other managers (461,829 people), Miscellaneous engineers, including nuclear engineers (383,545 people), Civil engineers (291,070 people), and Mechanical engineers (221,698 people).

The most specialized majors at Florida Institute of Technology in 2022 are Applied Sciences (28 degrees awarded), Transportation (156 degrees), Engineering (498 degrees), Psychology (501 degrees), and Physical Sciences (77 degrees) (as of 2022).

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 (28 degrees awarded), Transportation (156 degrees), Engineering (498 degrees), Psychology (501 degrees), and Physical Sciences (77 degrees) (as of 2022).

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 (2022)

Applied Behavior Analysis
205 degrees awarded
General Business Administration & Management
132 degrees awarded
Engineering & Industrial Management
58 degrees awarded

In 2022, the most common masters degree concentration at Florida Institute of Technology was Applied Behavior Analysis with 205 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

1,085

Degrees Awarded to Men

in 2022

934

Degrees Awarded to Women

in 2022

In 2022, 1,085 degrees were awarded to men at Florida Institute of Technology, which is 1.16 times more than the number of degrees awarded to females (934).

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

Most Common Male Majors

In 2022, 95 degrees were awarded to men at Florida Institute of Technology in Aerospace, Aeronautical, & Astronautical Engineering, which is 2.79 times more than the 34 female recipients with that same degree.

Most Common Female Majors

In 2022, 369 degrees were awarded to men at Florida Institute of Technology in Applied Behavior Analysis, which is 9.71 times more than the 38 male recipients with that same degree.

Time to Complete

43%

100% Completion Time

60%

150% Completion Time

In 2022, 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 61% 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.

Hispanic or Latino Female

Highest Graduation Rate (76.5%)

The student demographic with the highest graduation rate in 2022 at Florida Institute of Technology is Female and Hispanic or Latino (76.5% graduation rate). Across all Doctoral Universities, Asian Female students have the highest graduation rate (73.2%).

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, 1.58% of graduates (8 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2022)

White
1,022 degrees awarded
Hispanic or Latino
225 degrees awarded
Black or African American
138 degrees awarded

The most common race/ethnicity at Florida Institute of Technology is white (1,022 degrees awarded). There were 4.54 times more white recipients than the next closest race/ethnicity group, hispanic or latino (225 degrees).

4.41% of degree recipients (89 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2022)

White Male
515 degrees awarded
White Female
507 degrees awarded
Hispanic or Latino Male
118 degrees awarded

The most common race/ethnicity and sex grouping at Florida Institute of Technology is white male (515 degrees awarded). There were 1.02 times more white male recipients than the next closest race/ethnicity group, white female (507 degrees).

Operations

Florida Institute of Technology has an endowment valued at nearly $88.9M, as of the end of the 2022 fiscal year. The return on its endowment was of −18.2M (−20.4%) compared to the 1.13% average return (4.2M on 373M) across all Doctoral Universities.

In 2022, Florida Institute of Technology had a total salary expenditure of 179M. Florida Institute of Technology employs 98 Assistant professors, 67 Professors and 66 Associate professors. Most academics at Florida Institute of Technology are Male Assistant professor (67), Male Professor (59), and Male Associate professor (56).

The most common positions for non-instructional staff at Florida Institute of Technology are: Service, with 106 employees, Office and Administrative Support, with 99 employees, and Business and Financial Operations with 81 employees.

Endowment

$88.9M

2022 Endowment

17.6%

decline from 2021

Florida Institute of Technology has an endowment valued at about $88.9M, as of the end of the 2022 fiscal year. The endowment of Florida Institute of Technology declined 17.6% from the previous year. The value of their endowment was $284M 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

$18.1M - Federal
$2.81M - State
$332k - Local

As of 2022, Florida Institute of Technology received $18.1M in grants and contracts from the federal government, $2.81M from state grants and contracts, and $332k from local grants and contracts.

Salary Expenditure

$77M

2022 Salaries

2.27%

growth from 2021

In 2022, Florida Institute of Technology paid a median of $77M in salaries, which represents 43.1% of their overall expenditure ($179M) and a 2.27% growth from the previous year. This is compared to a 4.9% decline between 2020 and 2021, and a 0.746% growth between 2019 and 2020.

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

Instructional Salaries

$24.9M

Instructional Salaries

254

Number of Employees

In 2022, Florida Institute of Technology paid a total of $24.9M to 254 employees working as instructors, which represents 32.4% of all salaries paid.

This is compared to a median of $73.7M (30%) for similar Doctoral Universities.

Occupations by Share

Assistant professor

Most Common Instructor

98 Employees

Service

Most Common Non-Instructional Employee

106 Employees

In 2022, the most common positions for instructional staff at Florida Institute of Technology were Assistant professor with 98 employees, Professor with 67 employees, and Associate professor with 66 employees.

In 2022, the most common positions for non-instructional staff at Florida Institute of Technology were Service with 106 employees, Office and Administrative Support with 99 employees, and Business and Financial Operations with 81 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2022)

Male Assistant professor
Male Professor
Male Associate professor

In 2022, the most common demographic for instructional staff at Florida Institute of Technology was Male Assistant professor with 67 employees, Male Professor with 59 employees, and Male Associate professor with 56 employees.

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

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