Florida Institute of Technology

www.fit.edu

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2020 Undergraduate Tuition

$42,346

1.5% growth from 2019

2020 Average Net Price

$33,313

After Financial Aid

2018 Student Loan

5.22%

Default Rate

2020 Acceptance Rate

70.4%

9,803 Applicants

2020 Enrolled Students

6,775

65.5% Full-Time

2020 Graduation Rate

60.3%

462 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 (109 degrees awarded), Aerospace, Aeronautical, & Astronautical Engineering (71 degrees), and General Aeronautics & Aerospace Science & Technology (61 degrees).

In 2020, 1,884 degrees were awarded across all undergraduate and graduate programs at Florida Institute of Technology. 40.2% of these degrees were awarded to women, and 59.8% awarded men. The most common race/ethnicity group of degree recipients was white (855 degrees), 4.83 times more than then the next closest race/ethnicity group, hispanic or latino (177 degrees).

The median undergraduate tuition at Florida Institute of Technology is $42,346, which is $13,717 more than the national average for Doctoral Universities ($28,629).

Doctoral Universities: Higher Research Activity Doctoral Universities

Costs

The median undergraduate tuition at Florida Institute of Technology is $42,346, which is $13,717 more than the national average for Doctoral Universities ($28,629).

After taking grants and loans into account, the average net price for students is $33,313.

In 2020, 80% of undergraduate students attending Florida Institute of Technology received financial aid through grants. Comparatively, 36% of undergraduate students received financial aid through loans.

Student Expenses

Tuition Costs

$42,346

2020 Undergraduate Tuition

In 2020, the cost of tuition at Florida Institute of Technology was $42,346. The cost of tuition at Florida Institute of Technology is $13,717 more than than the overall (public and private) national average for Doctoral Universities ($28,629).

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

Average Net Price

$33,313

2020 Value

1.64%

1 Year Growth

In 2020 Florida Institute of Technology had an average net price — the price paid after factoring in grants and loans — of $33,313. Between 2019 and 2020, the average net price of Florida Institute of Technology grew by 1.64%.

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 2020. During the same period, the average yearly cost of books and supplies was $1,200. The cost of room and board did not change between 2019 and 2020. 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%

Undergraduates Receiving Financial Aid through Grants

36%

Undergraduates Receiving Financial Aid through Loans

80% of undergraduate students at Florida Institute of Technology received financial aid through grants or loans in 2020. This represents a growth of 0% with respect to 2019, 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.

5.22%

2018 Default Rate

114

Number of Defaults

In 2018 the default rate for borrower's at Florida Institute of Technology was 5.22%, which represents 114 out of the 2184 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 9,803 undergraduate applications in 2020, which represents a 0.616% annual growth. Out of those 9,803 applicants, 6,898 students were accepted for enrollment, representing a 70.4% acceptance rate.

There were 6,775 students enrolled at Florida Institute of Technology in 2020, and 75% of first-time enrollees submitted SAT scores with their applications.

Florida Institute of Technology has an overall enrollment yield of 9.99%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

70.4%

Acceptance Rate in 2020

6,898

Accepted Out of 9,803

In 2020, the undergraduate acceptance rate of Florida Institute of Technology was 70.4% (6,898 admissions from 9,803 applications). This is higher than the acceptance rate of 2019, which was 65.7%. Between 2019 and 2020, the number of applicants grew by 0.616%, while admissions grew by 7.68%.

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

SAT Scores

75%

Submission Percentage

508

Scores Submitted

75% of enrolled first-time students at Florida Institute of Technology in 2020 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 6,775 students. The full-time enrollment at Florida Institute of Technology is 4,440 students and the part-time enrollment is 2,335. This means that 65.5% 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 49.5% White, 12.3% Hispanic or Latino, 6.98% Black or African American, 3.5% Asian, 2.91% Two or More Races, 0.251% American Indian or Alaska Native, and 0.221% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Florida Institute of Technology in full-time Undergraduate programs are most commonly White Male (36.5%), followed by White Female (18.6%) and Hispanic or Latino Male (7.43%). Students enrolled in full-time Graduate programs are most commonly White Female (29.4%), followed by White Male (14.9%) and Hispanic or Latino Female (10.1%).

Full-Time vs Part-Time Enrollment

65.5%

Full-Time Enrollment

The total enrollment at Florida Institute of Technology, both undergraduate and graduate, is 6,775 students. The full-time enrollment at Florida Institute of Technology is 4,440 and the part-time enrollment is 2,335. This means that 65.5% of students enrolled at Florida Institute of Technology are enrolled full-time compared with 76.4% 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

82%

2020 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 82%. Compared with the full-time retention rate at similar Doctoral Universities (84.5%), 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
3,354
Hispanic or Latino
831
Black or African American
473

The enrolled student population at Florida Institute of Technology is 49.5% White, 12.3% Hispanic or Latino, 6.98% Black or African American, 3.5% Asian, 2.91% Two or More Races, 0.251% American Indian or Alaska Native, and 0.221% 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 49.8% White, 15.1% Hispanic or Latino, and 9.74% 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, 278 students (4.1%) did not report their race.

Graduates

In 2020, 368 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 4.83 times more white graduates than the next closest race/ethnicity group, hispanic or latino (177 degrees).

The most common Bachelor's Degree concentration at Florida Institute of Technology is Mechanical Engineering (109 degrees awarded), followed by Aerospace, Aeronautical, & Astronautical Engineering (71 degrees) and General Aeronautics & Aerospace Science & Technology (61 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 (34 degrees awarded), Transportation (128 degrees), and Engineering (570 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 (441,162 people), Other managers (440,102 people), Miscellaneous engineers, including nuclear engineers (340,834 people), Civil engineers (256,075 people), and Postsecondary teachers (249,952 people).

The most specialized majors at Florida Institute of Technology are Applied Sciences (34 degrees awarded), Transportation (128 degrees), Engineering (570 degrees), Psychology (322 degrees), and Physical Sciences (67 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, Other financial specialists, Securities, commodities, & financial services sales agents, Physicians, and Derrick, rotary drill, & service unit operators, & roustabouts, oil, gas, & mining

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 (533,420 people), Elementary & secondary schools (505,966 people), Colleges, universities & professional schools, including junior colleges (483,969 people), Architectural, engineering & related services (452,208 people), and General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (305,128 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
109 degree-majorss awarded
Aerospace, Aeronautical, & Astronautical Engineering
71 degree-majorss awarded
General Aeronautics & Aerospace Science & Technology
61 degree-majorss awarded

In 2020, the most common bachelors degree concentration at Florida Institute of Technology was Mechanical Engineering with 109 degrees awarded.

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

Sex Breakdown for Common Majors

1,126

Degrees Awarded to Men

in 2020

758

Degrees Awarded to Women

in 2020

In 2020, 1,126 degrees were awarded to men at Florida Institute of Technology, which is 1.49 times more than the number of degrees awarded to females (758).

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

Most Common Male Majors

In 2020, 111 degrees were awarded to men at Florida Institute of Technology in Mechanical Engineering, which is 5.55 times more than the 20 female recipients with that same degree.

Most Common Female Majors

In 2020, 181 degrees were awarded to women at Florida Institute of Technology in Applied Behavior Analysis, which is 4.64 times more than the 39 male recipients with that same degree.

Time to Complete

42%

100% Completion Time

60%

150% Completion Time

In 2020, 42% 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.

Diversity

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.

American Indian or Alaska Native Female

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate at Florida Institute of Technology is Female and American Indian or Alaska Native (100% graduation rate). Across all Doctoral Universities, Asian Female students have the highest graduation rate (72.4%).

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, 4.55% of graduates (21 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity

White
855 degrees awarded
Hispanic or Latino
177 degrees awarded
Black or African American
117 degrees awarded

The most common race/ethnicity at Florida Institute of Technology is white (855 degrees awarded). There were 4.83 times more white recipients than the next closest race/ethnicity group, hispanic or latino (177 degrees).

2.07% of degree recipients (39 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic

White Male
501 degrees awarded
White Female
354 degrees awarded
Hispanic or Latino Male
89 degrees awarded

The most common race/ethnicity and sex grouping at Florida Institute of Technology is white male (501 degrees awarded). There were 1.42 times more white male recipients than the next closest race/ethnicity group, white female (354 degrees).

Operations

Florida Institute of Technology has an endowment valued at nearly $81.8M, as of the end of the 2020 fiscal year. The return on its endowment was of $−NaNM (−2.61%), compared to the 3.48% average return ($10.5M on $302M) across all Doctoral Universities.

In 2020, Florida Institute of Technology had a total salary expenditure of $182M. Florida Institute of Technology employs 102 Assistant professors, 76 Associate professors, and 73 Professors. Most academics at Florida Institute of Technology are Male Assistant professors (66), Male Associate professors(65), and Male Professors (62).

The most common positions for non-instructional staff at Florida Institute of Technology are: Office and Administrative Support, with 112 employees, Service, with 96 employees, and Business and Financial Operations with 76 employees.

Finances

Endowment

$81.8M

2020 Endowment

8.86%

decline from 2019

Florida Institute of Technology has an endowment valued at about $81.8M, as of the end of the 2020 fiscal year. The endowment of Florida Institute of Technology declined 8.86% from the previous year. The value of their endowment was $220M 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

$8.64M - Federal
$2.1M - State
$0 - Local

As of 2020, Florida Institute of Technology received $8.64M in grants and contracts from the federal government, $2.1M from state grants and contracts, and $0 from local grants and contracts.

Expenses

Salary Expenditure

$79.2M

2020 Salaries

0.746%

growth from 2019

In 2020, Florida Institute of Technology paid a median of $79.2M in salaries, which represents 43.5% of their overall expenditure ($182M) and a 0.746% growth from the previous year. This is compared to a 1.91% growth from 2018 and a 2.93% growth from 2017.

The median for similar Doctoral Universities is 238M (43% of overall expenditures).

Instructional Salaries

$24.6M

Instructional Salaries

272

Number of Employees

In 2020, Florida Institute of Technology paid a total of $24.6M to 272 employees working as instructors, which represents 31.1% of all salaries paid.

This is compared to a median of $69.9M (29.4%) for similar Doctoral Universities.

Faculty and Staff

Occupations by Share

Assistant professor

Most Common Instructor

102 Employees

Office and Administrative Support

Most Common Non-Instructional Employee

112 Employees

In 2020, the most common positions for instructional staff at Florida Institute of Technology were Assistant professor with 102 employees; Associate professor with 76 employees; and Associate professor with 73 employees.

In 2020, the most common positions for non-instructional staff at Florida Institute of Technology were Office and Administrative Support with 112 employees; Service with 96 employees; and Business and Financial Operations with 76 employees.

Instructors by Academic Rank and Sex

Most Common Demographic

Male Assistant professor
Male Associate professor
Male Professor

In 2020, the most common demographic for instructional staff at Florida Institute of Technology was Male Assistant professor with 66 employees, Male Associate professor with 65 employees, and Male Professor with 62 employees.

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

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