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Colleges / Florida Institute of Technology

Florida Institute of Technology

Melbourne, FL 4-Year Private
Acceptance Rate64%
Acceptance Rate64%

Florida Institute of Technology Tuition Information

In 2022, Florida Institute of Technology's tuition was $43,420 a year.

In 2023, tuition increased 1.52%–from $42,770 the prior year. Usually, college tuition goes up about 3% every year.

If this makes attending the college of your dreams seem daunting, remember, the displayed price of tuition does not always mean much if you plan to use financial aid to help pay for college. Many students find the actual cost of college is a lot less than the sticker price after grants, scholarships, and tuition discounts kick in. Additionally, student loans can make theactual cost of attending college feel more doable until you've finishing school and found a job.

Florida Institute of Technology meets 88.4% of the demonstrated financial need for undergraduates. The average financial aid package for a full-time, first-year student at Florida Institute of Technology is around $37,117 a year.

Students in the class of 2023 who had taken out student loans graduated with an average of $41,502 of debt.

Does Florida Institute of Technology Offer In-State and Out-of-State Tuition?

Florida Institute of Technology is a private, nonprofit institution, which means it has the same tuition for students from Florida as it does for students who live in other states.

Public schools receive funds from the state to help them cover costs. Public, state schools can offer lower tuition for students who meet the requirements for in-state residency.

Choosing a college where you qualify for in-state tuition can cut the cost of college tuition. Take the time to confirm your state's eligibility criteria for in-state tuition. Every state has its own rules about what makes someone eligible for in-state tuition. Most states require students to have resided in the state for a certain period of time before qualifying. There may be other criteria as well, depending on the state you and your parents currently reside in.

Explore other Florida colleges

Florida Institute of Technology International Student Tuition

Florida Institute of Technology has the same tuition for international students as for those from out of state.

International students usually do not qualify for for federal financial aid, but should research private or Florida Institute of Technology-specific grants, scholarships, and other funding opportunities.

International students without financial need may be eligible for merit-based institutional scholarships.


Florida Institute of Technology Room, Board, Fees, and More


Tuition is not the only cost of attending college; room and board, books, transportation and fees are also costs it consider when planning for college. Let's take a look at what impacts these costs, and what to expect at Florida Institute of Technology.

House and Food Costs at Florida Institute of Technology

Housing and campus dining at Florida Institute of Technology costs $12,340 a year. This covers the cost of living in dorms or other on-campus housing, and a dining plan that enables you to eat in the school dining facilities.

Board costs may vary depending on how many meals are included in the plan you choose.

How Much Do Books Cost at Florida Institute of Technology?

The cost of books often surprises first-year college students. The real cost of books and supplies depends on the courses you take and the textbooks, computer programs, or other materials are required.. To save money, many students choose to use books from the library or buy used textbooks and materials.

Yearly Fees

The majority of colleges also have fees to offsets cost associated with maintaining facilties, like the computer labs and libraries, athletic facilities, and more.

Keep in mind, there could also be additional fees associated with participating in certain activities, like Greek Life, or participating in sports or other extracurriculars. Most colleges have ways for students with demonstrated need to find ways to lower or eliminate these costs.

Planes, Trains, and Automobiles: Transportation costs at Florida Institute of Technology

The cost of transportation in college can really vary. Will you take a subway, car or an airplane to get to school? Will you need to pay to park on-campus? Is the campus walkable? Do you plan to bring a car or will you need to use public transportation? All of these questions can make a big difference in your estimated cost of transportation. At Florida Institute of Technology, freshman are allowed to park on campus.

The location of a college or university can impact your transportation budget. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the flip side, getting around in an urban area is sometimes expensive, but there may be more trains, busses and affordable flights to actually get to school. The Florida Institute of Technology campus is in a suburb in Florida, not far from Orlando.

Other Costs

When estimating your budget for college, be sure to take into account personal expenses, like movies, takeouts, furniture or appliances for your dorm or housing, and essentials like laundry detergent, toothpaste and toilet paper.


Total Tuition and Expenses at Florida Institute of Technology


Now, let’s do a rundown of all of the costs associated with college, to get a better idea of how much students can expect to shell out for Florida Institute of Technology.

How Much Does Florida Institute of Technology Cost?

What will the cost of attending Florida Institute of Technology be? Here is a breakdown of tuition and expenses.

2023 Total Tuition and Expenses
Tuition $43,420
Room and Board $12,340
Other expenses $2,100

The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.

Total Estimated Costs
On-Campus $59,960
Off-Campus $45,520

The breakdowns above provide a good estimate of the total cost of attendance before financial aid and scholarships. Tuition and fees may vary depending on program, course level, location, and more.


Financial Aid at Florida Institute of Technology


The majority of Florida Institute of Technology undergrads use financial aid to help pay for school. In 2023, 1,711 of the 3,410 undergrads enrolled received financial aid. Florida Institute of Technology meets 88.4% of the demonstrated financial need for undergraduates.

The average financial aid package for a full-time, first-year student is around $37,117 a year. Around 52.7% of Florida Institute of Technology undergrads take out student loans to cover any remaining costs. Florida Institute of Technology graduates who have student loans graduate with an average of $41,502 of student loan debt.

The average debt for each loan type varies.

Average Debt By Loan Type
Federal Loans $22,269
Private Loans $63,145
Most Common Loans for Florida Institute of Technology Students
Federal Loans 50.3%
Private loans 16.9%

Most students take out institutional or government loans, because they tend to have lower interest rates and more flexible repayment options than private loans. Loans from the federal government can be subsidized or unsubsidized. Subsidized loans do not accrue interest during school, while unsubsidized loans begin accruing interest at the time the loan is issued. If students do no qualify for enough federal loans to cover the cost of tuition, some take out private loans. Parents can also take out ParentPLUS loans, which are government loans for parents who are helping their children pay for college.

The Free Application for Federal Student Aid (FAFSA) helps colleges determine how much financial need students and their familes have, so they can offer a financial aid package that meets, or come close to meeting, their need. For more information on Florida Institute of Technology financial aid, keep reading, or visit their financial aid website.

Scholarships at Florida Institute of Technology

Some students may receive grants and scholarships to help pay for college. Unlike loans, scholarships and grants do not have to be paid back.

In 2023, Florida Institute of Technology awarded 1,702 need-based scholarships to students, giving away total of $46.3 million to help students with financial need cover the cost of school. An additional $17.88 million in merit-based scholarship money was awarded to students without demonstrated financial need.

Florida Institute of Technology Net Cost

The net price of college is the actual cost of attending a school for one year. Net cost is calculated by subtracting any scholarships, grants or other aid that does not need to be paid back from the total cost. Student loans are not part of the calculation, because they need to be repaid.

Now that we have a sense of the total estimated costs for Florida Institute of Technology students, we can subtract the average financial aid package to find the estimated net cost. Net cost can vary depending on a students’ need and the financial aid award received.

When considering whether a school fits your budget, it is important to consider the estimated net cost, not just the sticker price of tuition. Often, schools with the highest tuition also offer the most generous aid packages, so estimate your net cost before eliminating a school because it does fit your budget.

The average amount of financial aid received by a full-time first year student with demonstrated need at Florida Institute of Technology was $37,117 in 2023. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Florida Institute of Technology seem more manageable.

Estimated Net Cost for Full-Time Students
On-Campus $22,843
Off-Campus $8,403

What will attending Florida Institute of Technology really cost you? The answer depends on several factors.

As of 2011, colleges are required to have a net price calculator on their website to help prospective students and their families get a better idea of the actual cost of attending that school, based on their financial situation. You can find the Florida Institute of Technology's net cost calculator on their website.

Florida Institute of Technology Tuition Payment Plans

Some students choose to use payment plans to make the cost of tuition fit more comfortably in their budget.

Students cannot pay tuition in installments. Contact the financial aid office to verify this and discuss options.

Florida Institute of Technology Tuition Waivers

Schools sometimes waiver tuition for certain groups, to reduce the total cost of attendance. Some colleges offer tuition waivers for employees and their family members, underrepresented students, or military students. Even with a tuition waiver, other expenses and fees are the responsibility of the student.

Check the financial aid website for more information on payment plans and tuition waivers.

Florida Institute of Technology's Endowment

An endowment is the total value of a school's investments, donations, and assets. Endowment is not necessarily an indicator of the quality of a school, but it can give you a sense of how much money a college can afford to invest in expanding programs, improving facilities, and supporting students.

As of 2022, the total market value of Florida Institute of Technology's endowment was $88.9 million. The average college endowment was $905 million in 2021. The school spends $27,937 for each full-time student enrolled.


Learn More About Florida Institute of Technology


Choose one of the options below to find out more about about Florida Institute of Technology:

Overview

Student Life

Academics

Admissions

Connect with other students, parents, and admissions professionals to learn more about about Florida Institute of Technology in the College Confidential forums

Florida Institute of Technology Tuition & Fees

Tuition & Fees

$57,860

In State

$57,860

Out-of-State
Cost Breakdown
In State
Out-of-State
State Tuition
$43,420
$43,420
Fees
$900
$900
Housing
$12,340
$12,340
Books
$1,200
$1,200

Florida Institute of Technology Financial Aid

Students Who Receive Need-Based Aid

57%

Average Financial Aid Package

$37,766

Data Source: IPEDs and Peterson's Databases © 2022 Peterson's LLC All rights reserved

Quick Facts

Total Enrollment

8,358

Campus Setting

Suburban

Acceptance Rate

64%

Tuition and Fees

In State

$44,320

Out-of-State

$44,320

Fall Freshmen
Application Deadline

Continuous processing
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