Florida Institute of Technology

https://www.fit.edu

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    2024 Undergraduate Tuition
    $44,620
    2.76% growth from 2023
    2024 Average Net Price
    $37,361
    After Financial Aid
    2024 Acceptance Rate
    57.7%
    17,295 Applicants
    2024 Enrolled Students
    8,992
    48.3% Full-Time
    2024 Graduation Rate
    61.8%
    476 Graduates

    About

    Florida Institute of Technology is a higher education institution located in Brevard County, FL. In 2024, the most popular Masters Degree concentrations at Florida Institute of Technology were Applied Behavior Analysis (823 degrees awarded), General Business Administration & Management (90 degrees), and Engineering & Industrial Management (43 degrees).

    The median undergraduate tuition at Florida Institute of Technology is $44,620, which is $12,700 more than the national average for Doctoral Universities ($31,920).

    Doctoral Universities: Higher Research ActivityDoctoral Universities

    Costs

    In 2024, the median undergraduate tuition at Florida Institute of Technology is $44,620, which is $12,700 more than the national average for Doctoral Universities ($31,920).

    After taking grants and loans into account, the average net price for students is $37,361.

    In 2024, 85% 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

    $44,620
    2024 Undergraduate Tuition

    In 2024, the cost of tuition at Florida Institute of Technology was $44,620. The cost of tuition at Florida Institute of Technology is $12,700 more than than the overall (public and private) national average for Doctoral Universities ($31,920).

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

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    Average Net Price

    $37,361
    2024 Value
    2.74%
    1 Year Growth

    In 2024 Florida Institute of Technology had an average net price — the price paid after factoring in grants and loans — of $37,361. Between 2023 and 2024, the average net price of Florida Institute of Technology grew by 2.74%.

    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.

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    Other Student Expenses

    $14,340
    Room and Board
    $1,200
    Books and Supplies

    The average yearly cost of room and board at Florida Institute of Technology was of $14,340 in 2024. The cost of room and board increased by 15.2% between 2023 and 2024.

    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.

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    Financial Aid by Income Level

    85%
    Undergraduates Receiving Financial Aid through Grants
    40%
    Undergraduates Receiving Financial Aid through Loans

    85% of undergraduate students at Florida Institute of Technology received financial aid through grants or loans in 2024. This represents a growth of 3.66% with respect to 2023, when 82% 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.

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    Admissions

    Florida Institute of Technology received 17,295 undergraduate applications in 2024, which represents a 13.7% annual growth. Out of those 17,295 applicants, 9,979 students were accepted for enrollment, representing a 57.7% acceptance rate.

    There were 8,992 students enrolled at Florida Institute of Technology in 2024. 72% of first-time enrollees submitted SAT scores with their applications.

    Florida Institute of Technology has an overall enrollment yield of 9.42%, which represents the number of admitted students who ended up enrolling.

    Acceptance Rate

    57.7%
    Acceptance Rate in 2024
    9,979
    Accepted Out of 17,295

    In 2024, the undergraduate acceptance rate of Florida Institute of Technology was 57.7% (9,979 admissions from 17,295 applications). This is lower than the acceptance rate of 2023, which was 62.5%. Between 2023 and 2024, the number of applicants grew by 13.7%, while admissions grew by 4.96%.

    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.

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    SAT Scores

    72%
    Submission Percentage (2024)
    680
    Scores Submitted (2024)

    72% of enrolled first-time students at Florida Institute of Technology in 2024 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.

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    Enrollment

    Florida Institute of Technology had a total enrollment of 8,992 students in 2024. The full-time enrollment at Florida Institute of Technology is 4,346 students and the part-time enrollment is 4,646. This means that 48.3% 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 45.9% White, 18.7% Hispanic or Latino, 6.11% Black or African American, 3.59% Asian, 2.87% Two or More Races, 0.267% American Indian or Alaska Native, and 0.2% Native Hawaiian or Other Pacific Islanders.

    Students enrolled at Florida Institute of Technology in full-time Undergraduate programs are most commonly White Male (36.2%), followed by White Female (19.2%) and Hispanic or Latino Male (11%). Students enrolled in full-time Graduate programs are most commonly White Female (16%), followed by White Male (11.2%) and Hispanic or Latino Female (4.49%).

    Full-Time vs Part-Time Enrollment

    48.3%
    Full-Time Enrollment

    The total enrollment at Florida Institute of Technology in 2024, both undergraduate and graduate, is 8,992 students. The full-time enrollment at Florida Institute of Technology is 4,346 and the part-time enrollment is 4,646. This means that 48.3% of students enrolled at Florida Institute of Technology are enrolled full-time compared with 77.3% 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.

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    Retention Rate over Time

    80%
    2024 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 80%. Compared with the full-time retention rate at similar Doctoral Universities (82%), 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.

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    Enrollment by Race & Ethnicity

    Most Common Race or Ethnicity (2024)
    1. White
      4,125 enrolled students
    2. Hispanic or Latino
      1,685 enrolled students
    3. Black or African American
      549 enrolled students

    The enrolled student population at Florida Institute of Technology is 45.9% White, 18.7% Hispanic or Latino, 6.11% Black or African American, 3.59% Asian, 2.87% Two or More Races, 0.267% American Indian or Alaska Native, and 0.2% 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 46.2% White, 16.3% Hispanic or Latino, and 10.4% 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, 521 students (5.79%) did not report their race.

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    Graduates

    In N/A, N/A N/A 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 (1,197 degrees awarded). There were 2.68 times more white recipients than the next closest race/ethnicity group, hispanic or latino (446 degrees).

    The most common Masters Degree concentration at Florida Institute of Technology is Applied Behavior Analysis (823 degrees awarded), followed by General Business Administration & Management (90 degrees) and Engineering & Industrial Management (43 degrees).

    In 2024,  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 (31 degrees awarded), Psychology (1,286 degrees), and Transportation (169 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 (573,755 people), Other managers (484,138 people), Miscellaneous engineers, including nuclear engineers (409,133 people), Civil engineers (324,335 people), and Mechanical engineers (237,002 people).

    The most specialized majors at Florida Institute of Technology in 2024 are Applied Sciences (31 degrees awarded), Psychology (1,286 degrees), Transportation (169 degrees), Engineering (453 degrees), and Physical Sciences (63 degrees) (as of 2024).

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    Highest Paying Jobs by Major

    Physicians
    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 Physicians, Surgeons, Cardiovascular technologists and technicians, Podiatrists, and Actuaries

    The most specialized majors at Florida Institute of Technology are Applied Sciences (31 degrees awarded), Psychology (1,286 degrees), Transportation (169 degrees), Engineering (453 degrees), and Physical Sciences (63 degrees) (as of 2024).

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    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 (630,432 people), Architectural, engineering & related services (518,714 people), Elementary & secondary schools (503,995 people), Colleges, universities & professional schools, including junior colleges (477,131 people), and Construction (385,087 people).

    The most specialized majors at Florida Institute of Technology are Applied Sciences (31 degrees awarded), Psychology (1,286 degrees), Transportation (169 degrees), Engineering (453 degrees), and Physical Sciences (63 degrees) (as of 2024).

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    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 (2024)
    1. Air Traffic Controller
      25 degrees awarded
    2. Airway Management & Operations
      18 degrees awarded

    In 2024, the most common associates degree concentration at Florida Institute of Technology was Air Traffic Controller with 25 degrees awarded.

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

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    Time to Complete

    50%
    100% Completion Time
    67%
    150% Completion Time

    In 2024, 50% 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, 67% completed their degrees within 150% of the normal time, and 68% 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.

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    Race & Ethnicity by Share

    Most Common Student Race or Ethnicity (2024)
    1. White
      1,197 degrees awarded
    2. Hispanic or Latino
      446 degrees awarded
    3. Black or African American
      186 degrees awarded

    The most common race/ethnicity at Florida Institute of Technology is white (1,197 degrees awarded). There were 2.68 times more white recipients than the next closest race/ethnicity group, hispanic or latino (446 degrees).

    5.51% of degree recipients (147 students) did not report their race.

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    Race & Ethnicity by Sex

    Most Common Sex Demographic (2024)
    1. White Female
      770 degrees awarded
    2. White Female
      699 degrees awarded
    3. White Male
      528 degrees awarded

    The most common race/ethnicity and sex grouping at Florida Institute of Technology is white female (770 degrees awarded). There were 1.1 times more white female recipients than the next closest race/ethnicity group, white female (699 degrees).

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    Operations

    Florida Institute of Technology has an endowment valued at nearly $106M, as of the end of the 2024 fiscal year. The return on its endowment was of 14.9M (14.1%) compared to the 9.4% average return (23.7M on 252M) across all Doctoral Universities.

    In 2024, Florida Institute of Technology had a total salary expenditure of 205M. Florida Institute of Technology employs 105 Assistant professors, 68 Professors and 63 Associate professors. Most academics at Florida Institute of Technology are Male Assistant professor (75), Male Professor (58), and Male Associate professor (49).

    The most common positions for non-instructional staff at Florida Institute of Technology are: Service, with 111 employees, Office and Administrative Support, with 108 employees, and Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 90 employees.

    Endowment

    $106M
    2024 Endowment
    9.71%
    growth from 2023

    Florida Institute of Technology has an endowment valued at about $106M, as of the end of the 2024 fiscal year. The endowment of Florida Institute of Technology grew 9.71% from the previous year. The value of their endowment was $146M 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.

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    Government Grants and Contracts

    Grants & Contracts
    1. $10.9M - Federal
    2. $3.61M - State
    3. $321k - Local

    As of 2024, Florida Institute of Technology received $10.9M in grants and contracts from the federal government, $3.61M from state grants and contracts, and $321k from local grants and contracts.

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    Salary Expenditure

    $89.7M
    2024 Salaries
    8.64%
    growth from 2023

    In 2024, Florida Institute of Technology paid a median of $89.7M in salaries, which represents 43.7% of their overall expenditure ($205M) and a 8.64% growth from the previous year. This is compared to a 7.15% growth between 2022 and 2023, and a 2.27% growth between 2021 and 2022.

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    Instructional Salaries

    $27.5M
    Instructional Salaries
    263
    Number of Employees

    In 2024, Florida Institute of Technology paid a total of $27.5M to 263 employees working as instructors, which represents 30.7% of all salaries paid.

    This is compared to a median of $4.1M (2.29%) for similar Doctoral Universities.

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    Occupations by Share

    In 2024, the most common positions for non-instructional staff at Florida Institute of Technology were Service with 111 employees, Office and Administrative Support with 108 employees, and Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 90 employees.

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