Florida Institute of Technology

www.fit.edu/

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2021 Undergraduate Tuition

$42,346

2021 Average Net Price

$32,314

After Financial Aid

2019 Student Loan

0.838%

Default Rate

2021 Acceptance Rate

65.9%

10,650 Applicants

2021 Enrolled Students

7,830

51.7% Full-Time

2021 Graduation Rate

66.3%

427 Graduates

About

Florida Institute of Technology is a higher education institution located in Brevard County, FL. In 2021, the most popular Masters Degree concentrations at Florida Institute of Technology were Applied Behavior Analysis (355 degrees awarded), General Business Administration & Management (161 degrees), and Logistics, Materials, & Supply Chain Management (61 degrees).

In 2021, 2,070 degrees were awarded across all undergraduate and graduate programs at Florida Institute of Technology. 45% of these degrees were awarded to women, and 55% awarded men. The most common race/ethnicity group of degree recipients was white (1,014 degrees), 4.41 times more than then the next closest race/ethnicity group, hispanic or latino (230 degrees).

The median undergraduate tuition at Florida Institute of Technology is $42,346, which is $13,354 more than the national average for Doctoral Universities ($28,992).

Doctoral Universities: Higher Research Activity Doctoral Universities

Costs

In 2021, the median undergraduate tuition at Florida Institute of Technology is $42,346, which is $13,354 more than the national average for Doctoral Universities ($28,992).

After taking grants and loans into account, the average net price for students is $32,314.

In 2021, 80% of undergraduate students attending Florida Institute of Technology received financial aid through grants. Comparatively, 38% of undergraduate students received financial aid through loans.

Tuition Costs

$42,346

2021 Undergraduate Tuition

In 2021, the cost of tuition at Florida Institute of Technology was $42,346. The cost of tuition at Florida Institute of Technology is $13,354 more than than the overall (public and private) national average for Doctoral Universities ($28,992).

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

Average Net Price

$32,314

2021 Value

1 Year Growth

In 2021 Florida Institute of Technology had an average net price — the price paid after factoring in grants and loans — of $32,314. Between 2020 and 2021, the average net price of Florida Institute of Technology grew by 3%.

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

$11,780

Room and Board

$1,200

Books and Supplies

The average yearly cost of room and board at Florida Institute of Technology was of $11,780 in 2021. The cost of room and board decreased by 8.54% between 2020 and 2021.

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

38%

Undergraduates Receiving Financial Aid through Loans

80% of undergraduate students at Florida Institute of Technology received financial aid through grants or loans in 2021. This represents a growth of 0% with respect to 2020, 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.

0.838%

2019 Default Rate

Number of Defaults

In 2019 the default rate for borrower's at Florida Institute of Technology was 0.838%, which represents 17 out of the 2028 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 10,650 undergraduate applications in 2021, which represents a 8.64% annual growth. Out of those 10,650 applicants, 7,016 students were accepted for enrollment, representing a 65.9% acceptance rate.

There were 7,830 students enrolled at Florida Institute of Technology in 2021. 68% of first-time enrollees submitted SAT scores with their applications.

Florida Institute of Technology has an overall enrollment yield of 10.8%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

65.9%

Acceptance Rate in 2021

7,016

Accepted Out of 10,650

In 2021, the undergraduate acceptance rate of Florida Institute of Technology was 65.9% (7,016 admissions from 10,650 applications). This is lower than the acceptance rate of 2020, which was 70.4%. Between 2020 and 2021, the number of applicants grew by 8.64%, while admissions grew by 1.71%..

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

68%

Submission Percentage (2021)

516

Scores Submitted (2021)

68% of enrolled first-time students at Florida Institute of Technology in 2021 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 had a total enrollment of 7,830 students in 2021. The full-time enrollment at Florida Institute of Technology is 4,048 students and the part-time enrollment is 3,782. This means that 51.7% 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, 13% Hispanic or Latino, 6.59% Black or African American, 3.31% Asian, 2.95% Two or More Races, 0.281% American Indian or Alaska Native, and 0.192% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Florida Institute of Technology in full-time Undergraduate programs are most commonly White Male (37.7%), followed by White Female (17.7%) and Hispanic or Latino Male (7.75%). Students enrolled in full-time Graduate programs are most commonly White Female (21.3%), followed by White Male (16.2%) and Hispanic or Latino Female (5.61%).

Full-Time vs Part-Time Enrollment

51.7%

Full-Time Enrollment

The total enrollment at Florida Institute of Technology in 2021, both undergraduate and graduate, is 7,830 students. The full-time enrollment at Florida Institute of Technology is 4,048 and the part-time enrollment is 3,782. This means that 51.7% of students enrolled at Florida Institute of Technology are enrolled full-time compared with 76.6% 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

82%

2021 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%), 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 (2021)

White
3,804 enrolled students
Hispanic or Latino
1,021 enrolled students
Black or African American
516 enrolled students

The enrolled student population at Florida Institute of Technology is 48.6% White, 13% Hispanic or Latino, 6.59% Black or African American, 3.31% Asian, 2.95% Two or More Races, 0.281% American Indian or Alaska Native, and 0.192% 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 48.9% White, 15.1% Hispanic or Latino, and 9.56% 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, 449 students (5.73%) did not report their race.

Graduates

In 2021, 208 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 (1,014 degrees awarded). There were 4.41 times more white recipients than the next closest race/ethnicity group, hispanic or latino (230 degrees).

The most common Masters Degree concentration at Florida Institute of Technology is Applied Behavior Analysis (355 degrees awarded), followed by General Business Administration & Management (161 degrees) and Logistics, Materials, & Supply Chain Management (61 degrees).

In 2021, 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 (47 degrees awarded), Transportation (149 degrees), and Engineering (560 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 (465,154 people), Other managers (454,830 people), Miscellaneous engineers, including nuclear engineers (371,041 people), Civil engineers (272,433 people), and Postsecondary teachers (214,420 people).

The most specialized majors at Florida Institute of Technology in 2021 are Applied Sciences (47 degrees awarded), Transportation (149 degrees), Engineering (560 degrees), Psychology (470 degrees), and Physical Sciences (80 degrees) (as of 2021).

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 (47 degrees awarded), Transportation (149 degrees), Engineering (560 degrees), Psychology (470 degrees), and Physical Sciences (80 degrees) (as of 2021).

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 (548,631 people), Architectural, engineering & related services (469,035 people), Elementary & secondary schools (451,787 people), Colleges, universities & professional schools, including junior colleges (443,222 people), and Construction (329,385 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 (2021)

Applied Behavior Analysis
355 degree-majors awarded
General Business Administration & Management
161 degree-majors awarded
Logistics, Materials, & Supply Chain Management
61 degree-majors awarded

In 2021, the most common masters degree concentration at Florida Institute of Technology was Applied Behavior Analysis with 355 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

1,139

Degrees Awarded to Men

in 2021

931

Degrees Awarded to Women

in 2021

In 2021, 1,139 degrees were awarded to men at Florida Institute of Technology, which is 1.22 times more than the number of degrees awarded to females (931).

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

Most Common Male Majors

In 2021, 107 degrees were awarded to men at Florida Institute of Technology in General Business Administration & Management, which is 1.6 times more than the 67 female recipients with that same degree.

Most Common Female Majors

In 2021, 322 degrees were awarded to men at Florida Institute of Technology in Applied Behavior Analysis, which is 7.16 times more than the 45 male recipients with that same degree.

Time to Complete

44%

100% Completion Time

59%

150% Completion Time

In 2021, 44% 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, 59% completed their degrees within 150% of the normal time, and 60% 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.

American Indian or Alaska Native Male

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2021 at Florida Institute of Technology is Male and American Indian or Alaska Native (100% graduation rate). Across all Doctoral Universities, Asian Female students have the highest graduation rate (72.9%).

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, 1.17% of graduates (5 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2021)

White
1,014 degrees awarded
Hispanic or Latino
230 degrees awarded
Black or African American
145 degrees awarded

The most common race/ethnicity at Florida Institute of Technology is white (1,014 degrees awarded). There were 4.41 times more white recipients than the next closest race/ethnicity group, hispanic or latino (230 degrees).

3.09% of degree recipients (64 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2021)

White Male
528 degrees awarded
White Female
486 degrees awarded
Hispanic or Latino Female
125 degrees awarded

The most common race/ethnicity and sex grouping at Florida Institute of Technology is white male (528 degrees awarded). There were 1.09 times more white male recipients than the next closest race/ethnicity group, white female (486 degrees).

Operations

Florida Institute of Technology has an endowment valued at nearly $108M, as of the end of the 2021 fiscal year. The return on its endowment was of 26.5M (24.6%) compared to the 10.4% average return (40.5M on 388M) across all Doctoral Universities.

In 2021, Florida Institute of Technology had a total salary expenditure of 182M. Florida Institute of Technology employs 90 Assistant professors, 81 Associate professors and 73 Professors. Most academics at Florida Institute of Technology are Male Associate professor (67), Male Professor (61), and Male Assistant professor (60).

The most common positions for non-instructional staff at Florida Institute of Technology are: Office and Administrative Support, with 109 employees, Service, with 97 employees, and Business and Financial Operations with 79 employees.

Endowment

$108M

2021 Endowment

31.9%

growth from 2020

Florida Institute of Technology has an endowment valued at about $108M, as of the end of the 2021 fiscal year. The endowment of Florida Institute of Technology grew 31.9% from the previous year. The value of their endowment was $280M 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

$18.9M - Federal
$1.05M - State
$493k - Local

As of 2021, Florida Institute of Technology received $18.9M in grants and contracts from the federal government, $1.05M from state grants and contracts, and $493k from local grants and contracts.

Salary Expenditure

$75.3M

2021 Salaries

4.9%

decline from 2020

In 2021, Florida Institute of Technology paid a median of $75.3M in salaries, which represents 41.3% of their overall expenditure ($182M) and a 4.9% decline from the previous year.

The median for similar Doctoral Universities is 234M (42.8% of overall expenditures).

Instructional Salaries

$24.8M

Instructional Salaries

267

Number of Employees

In 2021, Florida Institute of Technology paid a total of $24.8M to 267 employees working as instructors, which represents 32.9% of all salaries paid.

This is compared to a median of $71M (30.3%) for similar Doctoral Universities.

Occupations by Share

Assistant professor

Most Common Instructor

90 Employees

Office and Administrative Support

Most Common Non-Instructional Employee

109 Employees

In 2021, the most common positions for instructional staff at Florida Institute of Technology were Assistant professor with 90 employees, Associate professor with 81 employees, and Professor with 73 employees.

In 2021, the most common positions for non-instructional staff at Florida Institute of Technology were Office and Administrative Support with 109 employees, Service with 97 employees, and Business and Financial Operations with 79 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2021)

Male Associate professor
Male Professor
Male Assistant professor

In 2021, the most common demographic for instructional staff at Florida Institute of Technology was Male Associate professor with 67 employees, Male Professor with 61 employees, and Male Assistant professor with 60 employees.

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