Florida Institute of Technology-Online

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2017 Undergraduate Tuition

$12,240

0% growth from 2016

2016 Student Loan

7.61%

Default Rate

2017 Enrolled Students

2,537

38.6% Full-Time

About

Florida Institute of Technology-Online is a higher education institution located in Brevard County, FL. In 2016, the most popular Bachelor's Degree concentrations at Florida Institute of Technology-Online were Applied Psychology (67 degrees awarded), Information Science (54 degrees), and General Business Administration & Management (54 degrees).

In 2017, 837 degrees were awarded across all undergraduate and graduate programs at Florida Institute of Technology-Online. 47.1% of these degrees were awarded to women, and 52.9% awarded men. The majority of degree recipients were white (460 degrees), 2.91 times more than then the next closest race/ethnicity group, black or african american (158 degrees).

The median undergraduate tuition at Florida Institute of Technology-Online is $12,240, which is $-8,493 less than the national average for Masters Colleges and Universities ($20,733).

Masters Colleges & Universities: Larger Programs Masters Colleges and Universities

Costs

The median undergraduate tuition at Florida Institute of Technology-Online is $12,240, which is $-8,493 less than the national average for Masters Colleges and Universities ($20,733).

After taking grants and loans into account, the average net price for students is $N/A.

In 2017, 71% of undergraduate students received federal grants, while 69% of undergraduate students received federal loans.

Student Expenses

Tuition Costs

$12,240

2017 Undergraduate Tuition

In 2017, the cost of tuition at Florida Institute of Technology-Online was $12,240. The cost of tuition at Florida Institute of Technology-Online is $-8,493 less than than the overall (public and private) national average for Masters Colleges and Universities ($20,733).

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

Average Net Price

$N/A

2017 Value

In 2017 Florida Institute of Technology-Online had an average net price — the price paid after factoring in grants and loans — of $N/A. Between 2016 and 2017, the average net price of Florida Institute of Technology-Online grew by 0%.

This chart compares the average net price of Florida Institute of Technology-Online (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.

Financial Aid

Financial Aid by Income Level

71%

Of Undergraduates Receive Grants

69%

Of Undergraduates Receive Federal Loans

71% of undergraduate students at Florida Institute of Technology-Online received grants or loans in 2017. This represents a decline of 6.58% with respect to 2016, when 76% of undergraduate students received financial aid.

This chart compares the average award discount at Florida Institute of Technology-Online (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.

7.61%

2016 Default Rate

215

Number of Defaults

In 2016 the default rate for borrower's at Florida Institute of Technology-Online was 7.61%, which represents 215 out of the 2824 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-Online has a total enrollment of 2,537 students. The full-time enrollment at Florida Institute of Technology-Online is 979 students and the part-time enrollment is 1,558. This means that 38.6% of students enrolled at Florida Institute of Technology-Online are enrolled full-time.

The enrolled student population at Florida Institute of Technology-Online, both undergraduate and graduate, is 51% White, 21.8% Black or African American, 12.5% Hispanic or Latino, 2.88% Asian, 0.552% American Indian or Alaska Native, 0.276% Native Hawaiian or Other Pacific Islanders, and 0% Two or More Races.

Students enrolled at Florida Institute of Technology-Online in full-time Undergraduate programs are majority White Female (30.6%), followed by White Male (22.8%) and Black or African American Female (12.9%). Students enrolled in full-time Graduate programs are majority White Male (31.3%), followed by Black or African American Female (18.8%) and Black or African American Male (12.5%).

Full-Time vs Part-Time Enrollment

38.6%

Full-Time Enrollment

The total enrollment at Florida Institute of Technology-Online, both undergraduate and graduate, is 2,537 students. The full-time enrollment at Florida Institute of Technology-Online is 979 and the part-time enrollment is 1,558. This means that 38.6% of students enrolled at Florida Institute of Technology-Online are enrolled full-time compared with 68.6% at similar Masters Colleges and Universities.

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

Retention Rate over Time

N/A%

N/A 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-Online was N/A%. Compared with the full-time retention rate at similar Masters Colleges and Universities (75%), Florida Institute of Technology-Online had a retention rate approximately the same as its peers.

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

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity

White
1,293
Black or African American
552
Hispanic or Latino
316

The enrolled student population at Florida Institute of Technology-Online is 51% White, 21.8% Black or African American, 12.5% Hispanic or Latino, 2.88% Asian, 0.552% American Indian or Alaska Native, 0.276% Native Hawaiian or Other Pacific Islanders, and 0% Two or More Races. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Masters Colleges and Universities is 54.4% White, 15% Hispanic or Latino, and 13.2% 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, 248 students (9.78%) did not report their race.

Graduates

In 2017, 49 fewer women than men received degrees from Florida Institute of Technology-Online. The majority of degree recipients at Florida Institute of Technology-Online are white (460 degrees awarded). There were 2.91 times more white graduates than the next closest race/ethnicity group, black or african american (158 degrees).

The most common Bachelor's Degree concentration at Florida Institute of Technology-Online is Applied Psychology (67 degrees awarded), followed by Information Science (54 degrees) and General Business Administration & Management (54 degrees).

The most specialized majors across all degree types at Florida Institute of Technology-Online, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Business (521 degrees awarded), Computer and Information Sciences and Support Services (98 degrees), and Psychology (83 degrees).

Workforce

Common Jobs by Major

Accountants & auditors

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-Online are Accountants & auditors (1,123,300 people), Other managers (771,449 people), Software developers (520,306 people), Financial managers (450,359 people), and Chief executives & legislators (356,731 people).

The most specialized majors at Florida Institute of Technology-Online are Business (521 degrees awarded), Computer and Information Sciences and Support Services (98 degrees), Psychology (83 degrees), Protective Services (32 degrees), and Transportation (4 degrees).

Highest Paying Jobs by Major

Personal financial advisors

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-Online are Personal financial advisors, Surgeons, Magnetic resonance imaging technologists, Physicians, and Nurse anesthetists

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-Online are Computer Systems Design (897,512 people), Elementary & secondary schools (823,727 people), Banking & related activities (574,818 people), Colleges, universities & professional schools, including junior colleges (529,433 people), and General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (512,155 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-Online.

Most Common

Applied Psychology
67 degree-majorss awarded
Information Science
54 degree-majorss awarded
General Business Administration & Management
54 degree-majorss awarded

In 2017, the most common bachelors degree concentration at Florida Institute of Technology-Online was Applied Psychology with 67 degree-majorss awarded.

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

Gender Breakdown for Common Majors

Degrees Awarded to Men

In 2017, 443 degrees were awarded to men at Florida Institute of Technology-Online, which is 1.12 times more than the number of degrees awarded to females (394).

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

Most Common Male Majors

In 2017, 104 degrees were awarded to men at Florida Institute of Technology-Online in General Management Information Systems, which is 3.06 times more than the 34 female recipients with that same degree.

Most Common Female Majors

In 2017, 74 degrees were awarded to women at Florida Institute of Technology-Online in Applied Psychology, which is 8.22 times more than the 9 male recipients with that same degree.

Diversity

Graduation Rate by Race and Gender

Showing demographic groups with ≥ 5 graduating students.

N/A

Highest Graduation Rate (N/A%)

The student demographic with the highest graduation rate at Florida Institute of Technology-Online is N/A and N/A (N/A% graduation rate). Across all Masters Colleges and Universities, Asian Female students have the highest graduation rate (68.1%).

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, N/A% of graduates (N/A students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity

White
460 degrees awarded
Black or African American
158 degrees awarded
Hispanic or Latino
81 degrees awarded

The most common race/ethnicity at Florida Institute of Technology-Online is white (460 degrees awarded). There were 2.91 times more white recipients than the next closest race/ethnicity group, black or african american (158 degrees).

7.89% of degree recipients (66 students) did not report their race.

Race & Ethnicity by Gender

Most Common Gender Demographic

White Male
248 degrees awarded
White Female
212 degrees awarded
Black or African American Male
79 degrees awarded

The most common race/ethnicity and gender grouping at Florida Institute of Technology-Online is white male (248 degrees awarded). There were 1.17 times more white male recipients than the next closest race/ethnicity group, white female (212 degrees).

Operations

Florida Institute of Technology-Online has an endowment valued at nearly $N/A, as of the end of the 2017 fiscal year. The return on its endowment was of $0 (NaNk%), compared to the 6.94% average return ($2.3M on $33.1M) across all Masters Colleges and Universities.

In 2017, Florida Institute of Technology-Online had a total salary expenditure of $N/A. Florida Institute of Technology-Online employs 5 Assistant professors, 3 Instructors, and 2 Associate professors. Most academics at Florida Institute of Technology-Online are Male Assistant professors (4), Male Instructors(2), and Female Associate professors (2).

The most common positions for non-instructional staff at Florida Institute of Technology-Online are: Librarians, Curators, Archivists, and Academic Affairs and Other Education Services, with 28 employees, Office and Administrative Support, with 10 employees, and Computer, Engineering, and Science with 5 employees.

Finances

Endowment

$N/A

2017 Endowment

growth from 2016

Florida Institute of Technology-Online has an endowment valued at about $N/A, as of the end of the 2017 fiscal year. The endowment of Florida Institute of Technology-Online stayed 0% from the previous year. The value of their endowment was $NaNM approximately the same as than the median endowment of Masters Colleges and Universities according to the Carnegie Classification grouping.

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

The small bar chart below shows the endowment quintiles for all universities in the Masters Colleges & Universities: Larger Programs Carnegie Classification grouping.

Government Grants and Contracts

Grants & Contracts

$0 - Federal
$0 - State
$0 - Local

As of 2017, Florida Institute of Technology-Online received $0 in grants and contracts from the federal government, $0 from state grants and contracts, and $0 from local grants and contracts.

Expenses

Salary Expenditure

$5.73M

2017 Salaries

10.9%

decline from 2016

In 2017, Florida Institute of Technology-Online paid a median of $5.73M in salaries, which represents NaNM% of their overall expenditure ($N/A) and a 10.9% decline from the previous year. This is compared to a 2.92% growth from 2015 and a 3.15% decline from 2014.

The median for similar Masters Colleges and Universities is 31.4M (40.5% of overall expenditures).

Instructional Salaries

$891k

Instructional Salaries

Number of Employees

In 2017, Florida Institute of Technology-Online paid a total of $891k to 10 employees working as instructors, which represents 15.6% of all salaries paid.

This is compared to a median of $16.8M (34%) for similar Masters Colleges & Universities: Larger Programs.

Faculty and Staff

Occupations by Share

Assistant professor

Most Common Instructor

5 Employees

Librarians, Curators, Archivists, and Academic Affairs and Other Education Services

Most Common Non-Instructional Employee

28 Employees

In 2017, the most common positions for instructional staff at Florida Institute of Technology-Online were Assistant professor with 5 employees; Instructor with 3 employees; and Instructor with 2 employees.

In 2017, the most common positions for non-instructional staff at Florida Institute of Technology-Online were Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 28 employees; Office and Administrative Support with 10 employees; and Computer, Engineering, and Science with 5 employees.

Instructors by Academic Rank and Gender

Most Common Demographic

Male Assistant professor
Male Instructor
Female Associate professor

In 2017, the most common demographic for instructional staff at Florida Institute of Technology-Online was Male Assistant professor with 4 employees, Male Instructor with 2 employees, and Female Associate professor with 2 employees.

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

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