Florida Institute of Technology-Online

www.fit.edu

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2019 Undergraduate Tuition

$12,240

0% growth from 2018

2017 Student Loan

8.1%

Default Rate

2019 Acceptance Rate

99.2%

127 Applicants

2019 Enrolled Students

1,841

37.3% 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 Information Science (59 degrees awarded), Applied Psychology (58 degrees), and General Business Administration & Management (51 degrees).

In 2019, 831 degrees were awarded across all undergraduate and graduate programs at Florida Institute of Technology-Online. 51.1% of these degrees were awarded to women, and 48.9% awarded men. The most common race/ethnicity group of degree recipients was white (471 degrees), 2.84 times more than then the next closest race/ethnicity group, black or african american (166 degrees).

The median undergraduate tuition at Florida Institute of Technology-Online is $12,240, which is $−9,786 less than the national average for Masters Colleges and Universities ($22,027).

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 $−9,786 less than the national average for Masters Colleges and Universities ($22,027).

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

In 2019, 68% of undergraduate students received federal grants, while 65% of undergraduate students received federal loans.

Student Expenses

Tuition Costs

$12,240

2019 Undergraduate Tuition

In 2019, the cost of tuition at Florida Institute of Technology-Online was $12,240. The cost of tuition at Florida Institute of Technology-Online is $−9,786 less than than the overall (public and private) national average for Masters Colleges and Universities ($22,027).

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

2019 Value

In 2019 Florida Institute of Technology-Online had an average net price — the price paid after factoring in grants and loans — of $N/A. Between 2018 and 2019, 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

68%

Of Undergraduates Receive Grants

65%

Of Undergraduates Receive Federal Loans

68% of undergraduate students at Florida Institute of Technology-Online received grants or loans in 2019. This represents a decline of 2.86% with respect to 2018, when 70% 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.

8.1%

2017 Default Rate

207

Number of Defaults

In 2017 the default rate for borrower's at Florida Institute of Technology-Online 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-Online received 127 undergraduate applications in 2019, which represents a Infinityk% annual growth. Out of those 127 applicants, 126 students were accepted for enrollment, representing a 99.2% acceptance rate.

There were 1,841 students enrolled at Florida Institute of Technology-Online in 2019, and 0% of first-time enrollees submitted SAT scores with their applications.

Florida Institute of Technology-Online has an overall enrollment yield of 27%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

99.2%

Acceptance Rate in 2019

126

Accepted Out of 127

In 2019, the undergraduate acceptance rate of Florida Institute of Technology-Online was 99.2% (126 admissions from 127 applications). This is higher than the acceptance rate of false, which was N/A%. Between false and 2019, the number of applicants grew by Infinityk%, while admissions grew by Infinityk%.

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

SAT Scores

Submission Percentage

Scores Submitted

0% of enrolled first-time students at Florida Institute of Technology-Online 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-Online has a total enrollment of 1,841 students. The full-time enrollment at Florida Institute of Technology-Online is 687 students and the part-time enrollment is 1,154. This means that 37.3% 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, 22.3% Black or African American, 12.9% Hispanic or Latino, 2.72% Asian, 1.52% Two or More Races, 0.815% American Indian or Alaska Native, and 0.543% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Florida Institute of Technology-Online in full-time Undergraduate programs are most commonly White Female (31.5%), followed by White Male (20%) and Black or African American Female (12.9%). Students enrolled in full-time Graduate programs are most commonly White Male (33.3%), followed by White Female (33.3%) and Black or African American Male (11.1%).

Full-Time vs Part-Time Enrollment

37.3%

Full-Time Enrollment

The total enrollment at Florida Institute of Technology-Online, both undergraduate and graduate, is 1,841 students. The full-time enrollment at Florida Institute of Technology-Online is 687 and the part-time enrollment is 1,154. This means that 37.3% of students enrolled at Florida Institute of Technology-Online are enrolled full-time compared with 69.2% 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 (74%), 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
939
Black or African American
410
Hispanic or Latino
237

The enrolled student population at Florida Institute of Technology-Online is 51% White, 22.3% Black or African American, 12.9% Hispanic or Latino, 2.72% Asian, 1.52% Two or More Races, 0.815% American Indian or Alaska Native, and 0.543% 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 Masters Colleges and Universities is 53.3% White, 16% Hispanic or Latino, and 12.9% 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, 122 students (6.63%) did not report their race.

Graduates

In 2019, 19 more women than men received degrees from Florida Institute of Technology-Online. The most common race/ethnicity group of degree recipients at Florida Institute of Technology-Online is white (471 degrees awarded). There were 2.84 times more white graduates than the next closest race/ethnicity group, black or african american (166 degrees).

The most common Bachelor's Degree concentration at Florida Institute of Technology-Online is Information Science (59 degrees awarded), followed by Applied Psychology (58 degrees) and General Business Administration & Management (51 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 Transportation (23 degrees awarded), Business (515 degrees), and Computer and Information Sciences and Support Services (108 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 (1,013,930 people), Other managers (860,074 people), Software developers (639,980 people), Financial managers (522,597 people), and Chief executives & legislators (419,445 people).

The most specialized majors at Florida Institute of Technology-Online are Transportation (23 degrees awarded), Business (515 degrees), Computer and Information Sciences and Support Services (108 degrees), Psychology (81 degrees), and Protective Services (20 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-Online are Surgeons, Chief executives & legislators, Computer hardware engineers, Physicians, and Architectural & engineering managers

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 (1,026,583 people), Elementary & secondary schools (834,445 people), Banking & related activities (564,943 people), Colleges, universities & professional schools, including junior colleges (560,980 people), and Justice, public order, & safety activities (549,691 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

Information Science
59 degree-majorss awarded
Applied Psychology
58 degree-majorss awarded
General Business Administration & Management
51 degree-majorss awarded

In 2019, the most common bachelors degree concentration at Florida Institute of Technology-Online was Information Science with 59 degrees 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

406

Degrees Awarded to Men

in 2019

425

Degrees Awarded to Women

in 2019

In 2019, 406 degrees were awarded to men at Florida Institute of Technology-Online, which is 0.955 times less than the number of degrees awarded to females (425).

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 2019, 83 degrees were awarded to men at Florida Institute of Technology-Online in General Management Information Systems, which is 1.84 times more than the 45 female recipients with that same degree.

Most Common Female Majors

In 2019, 66 degrees were awarded to women at Florida Institute of Technology-Online in Applied Psychology, which is 4.4 times more than the 15 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 (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, N/A% of graduates (N/A students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity

White
471 degrees awarded
Black or African American
166 degrees awarded
Hispanic or Latino
92 degrees awarded

The most common race/ethnicity at Florida Institute of Technology-Online is white (471 degrees awarded). There were 2.84 times more white recipients than the next closest race/ethnicity group, black or african american (166 degrees).

3.37% of degree recipients (28 students) did not report their race.

Race & Ethnicity by Gender

Most Common Gender Demographic

White Female
240 degrees awarded
White Male
231 degrees awarded
Black or African American Female
99 degrees awarded

The most common race/ethnicity and gender grouping at Florida Institute of Technology-Online is white female (240 degrees awarded). There were 1.04 times more white female recipients than the next closest race/ethnicity group, white male (231 degrees).

Operations

Florida Institute of Technology-Online has an endowment valued at nearly $N/A, as of the end of the 2019 fiscal year. The return on its endowment was of $0 (NaNk%), compared to the 4.44% average return ($1.71M on $38.5M) across all Masters Colleges and Universities.

In 2019, Florida Institute of Technology-Online had a total salary expenditure of $N/A. Florida Institute of Technology-Online employs 4 Assistant professors, 3 Instructors, and 3 Associate professors. Most academics at Florida Institute of Technology-Online are Male Instructors (2), Female Associate professors(2), and Male Assistant 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 12 employees, Office and Administrative Support, with 6 employees, and Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 5 employees.

Finances

Endowment

$N/A

2019 Endowment

growth from 2018

Florida Institute of Technology-Online has an endowment valued at about $N/A, as of the end of the 2019 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 2019, 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

$4.71M

2019 Salaries

5.4%

decline from 2018

In 2019, Florida Institute of Technology-Online paid a median of $4.71M in salaries, which represents NaNM% of their overall expenditure ($N/A) and a 5.4% decline from the previous year. This is compared to a 13.1% decline from 2017 and a 10.9% decline from 2016.

The median for similar Masters Colleges and Universities is 34.1M (40.6% of overall expenditures).

Instructional Salaries

$968k

Instructional Salaries

Number of Employees

In 2019, Florida Institute of Technology-Online paid a total of $968k to 10 employees working as instructors, which represents 20.5% of all salaries paid.

This is compared to a median of $11.2M (32.7%) for similar Masters Colleges and Universities.

Faculty and Staff

Occupations by Share

Assistant professor

Most Common Instructor

4 Employees

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

Most Common Non-Instructional Employee

12 Employees

In 2019, the most common positions for instructional staff at Florida Institute of Technology-Online were Assistant professor with 4 employees; Instructor with 3 employees; and Instructor with 3 employees.

In 2019, 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 12 employees; Office and Administrative Support with 6 employees; and Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 5 employees.

Instructors by Academic Rank and Gender

Most Common Demographic

Male Instructor
Female Associate professor
Male Assistant professor

In 2019, the most common demographic for instructional staff at Florida Institute of Technology-Online was Male Instructor with 2 employees, Female Associate professor with 2 employees, and Male Assistant 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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