Florida Institute of Technology

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2017 Undergraduate Tuition

$40,490

2% growth from 2016

2017 Average Net Price

$33,610

After Financial Aid

2016 Student Loan

7.61%

Default Rate

2017 Acceptance Rate

63.5%

8,898 Applicants

2017 Enrolled Students

6,379

71.6% Full-Time

2017 Graduation Rate

60.3%

403 Graduates

About

Florida Institute of Technology is a higher education institution located in Brevard County, FL. In 2016, the most popular Bachelor's Degree concentrations at Florida Institute of Technology were Mechanical Engineering (98 degrees awarded), Aerospace, Aeronautical, & Astronautical Engineering (64 degrees), and Airway Management & Operations (56 degrees).

In 2017, 1,970 degrees were awarded across all undergraduate and graduate programs at Florida Institute of Technology. 40.2% of these degrees were awarded to women, and 59.8% awarded men. The majority of degree recipients were white (822 degrees), 4.78 times more than then the next closest race/ethnicity group, black or african american (172 degrees).

The median undergraduate tuition at Florida Institute of Technology is $40,490, which is $13,990 more than the national average for Doctoral Universities ($26,500).

Costs

The median undergraduate tuition at Florida Institute of Technology is $40,490, which is $13,990 more than the national average for Doctoral Universities ($26,500).

After taking grants and loans into account, the average net price for students is $33,610.

In 2017, 83% of undergraduate students received federal grants, while 37% of undergraduate students received federal loans.

Student Expenses

Tuition Costs

$40,490

2017 Undergraduate Tuition

In 2017, the cost of tuition at Florida Institute of Technology was $40,490. The cost of tuition at Florida Institute of Technology is $13,990 more than than the overall (public and private) national average for Doctoral Universities ($26,500).

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

$33,610

2017 Value

6.42%

1 Year Growth

In 2017 Florida Institute of Technology had an average net price — the price paid after factoring in grants and loans — of $33,610. Between 2016 and 2017, the average net price of Florida Institute of Technology grew by 6.42%.

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

$13,610

Room and Board

$1,200

Books and Supplies

The average yearly cost of room and board at Florida Institute of Technology was of $13,610 in 2017. During the same period, the average yearly cost of books and supplies was $1,200. The cost of room and board increased by 0.815% between 2016 and 2017. 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

Financial Aid by Income Level

83%

Of Undergraduates Receive Grants

37%

Of Undergraduates Receive Federal Loans

83% of undergraduate students at Florida Institute of Technology received grants or loans in 2017. This represents a growth of 3.75% with respect to 2016, 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.

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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 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.

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Admissions

Florida Institute of Technology received 8,898 undergraduate applications in 2017, which represents a 6.37% annual decline. Out of those 8,898 applicants, 5,647 students were accepted for enrollment, representing a 63.5% acceptance rate.

There were 6,379 students enrolled at Florida Institute of Technology in 2017, and 55% of first-time enrollees submitted SAT scores with their applications.

Florida Institute of Technology has an overall enrollment yield of 12.8%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

63.5%

Acceptance Rate in 2017

5,647

Accepted Out of 8,898

In 2017, the undergraduate acceptance rate of Florida Institute of Technology was 63.5% (5,647 admissions from 8,898 applications). This is higher than the acceptance rate of 2016, which was 61.3%. Between 2016 and 2017, the number of applicants declined by -6.37%, while admissions declined by -3.11%.

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

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SAT Scores

55%

Submission Percentage

398

Scores Submitted

55% of enrolled first-time students at Florida Institute of Technology in 2017 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.

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Enrollment

Florida Institute of Technology has a total enrollment of 6,379 students. The full-time enrollment at Florida Institute of Technology is 4,568 students and the part-time enrollment is 1,811. This means that 71.6% 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 42.9% White, 8.01% Hispanic or Latino, 7.43% Black or African American, 2.76% Asian, 2.08% Two or More Races, 0.282% Native Hawaiian or Other Pacific Islanders, and 0.188% American Indian or Alaska Native.

Students enrolled at Florida Institute of Technology in full-time Undergraduate programs are majority White Male (30.7%), followed by White Female (14.7%) and Hispanic or Latino Male (5.69%). Students enrolled in full-time Graduate programs are majority White Female (19.7%), followed by White Male (14.2%) and Hispanic or Latino Female (4.77%).

Full-Time vs Part-Time Enrollment

71.6%

Full-Time Enrollment

The total enrollment at Florida Institute of Technology, both undergraduate and graduate, is 6,379 students. The full-time enrollment at Florida Institute of Technology is 4,568 and the part-time enrollment is 1,811. This means that 71.6% of students enrolled at Florida Institute of Technology are enrolled full-time compared with 78% 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%

2017 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 (83%), 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

  1. White

    2,734

  2. Hispanic or Latino

    511

  3. Black or African American

    474

The enrolled student population at Florida Institute of Technology is 42.9% White, 8.01% Hispanic or Latino, 7.43% Black or African American, 2.76% Asian, 2.08% Two or More Races, 0.282% Native Hawaiian or Other Pacific Islanders, and 0.188% American Indian or Alaska Native. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Doctoral Universities is 51.5% White, 13.4% Hispanic or Latino, and 9.57% 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, 301 students (4.72%) did not report their race.

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Graduates

In 2017, 386 fewer women than men received degrees from Florida Institute of Technology. The majority of degree recipients at Florida Institute of Technology are white (822 degrees awarded). There were 4.78 times more white graduates than the next closest race/ethnicity group, black or african american (172 degrees).

The most common Bachelor's Degree concentration at Florida Institute of Technology is Mechanical Engineering (98 degrees awarded), followed by Aerospace, Aeronautical, & Astronautical Engineering (64 degrees) and Airway Management & Operations (56 degrees).

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 Engineering (593 degrees awarded), Transportation (86 degrees), and Psychology (257 degrees).

Workforce

Common Jobs by Major

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 (787,993 people), Other managers (511,643 people), Miscellaneous engineers, including nuclear engineers (343,680 people), Civil engineers (239,442 people), and Postsecondary teachers (223,380 people).

The most specialized majors at Florida Institute of Technology are Engineering (593 degrees awarded), Transportation (86 degrees), Psychology (257 degrees), Physical Sciences (60 degrees), and Computer and Information Sciences and Support Services (165 degrees).

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Highest Paying Jobs by Major

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 Personal financial advisors, Surgeons, Magnetic resonance imaging technologists, Securities, commodities, & financial services sales agents, and Physicians

The most specialized majors at Florida Institute of Technology are Engineering (593 degrees awarded), Transportation (86 degrees), Psychology (257 degrees), Physical Sciences (60 degrees), and Computer and Information Sciences and Support Services (165 degrees).

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Common Industries by Major

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 (922,836 people), Colleges, universities & professional schools, including junior colleges (501,444 people), Elementary & secondary schools (476,174 people), Architectural, engineering & related services (456,995 people), and General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (341,319 people).

The most specialized majors at Florida Institute of Technology are Engineering (593 degrees awarded), Transportation (86 degrees), Psychology (257 degrees), Physical Sciences (60 degrees), and Computer and Information Sciences and Support Services (165 degrees).

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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.

In 2017, the most common bachelors degree concentration at Florida Institute of Technology was Mechanical Engineering with 98 degrees awarded.

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

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Gender Breakdown for Common Majors

Degrees Awarded to Men

  1. 1,178

  2. 792

In 2017, 1,178 degrees were awarded to men at Florida Institute of Technology, which is 1.49 times more than the number of degrees awarded to females (792).

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

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Most Common Male Majors

In 2017, 120 degrees were awarded to men at Florida Institute of Technology in Mechanical Engineering, which is 7.06 times more than the 17 female recipients with that same degree.

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Most Common Female Majors

In 2017, 139 degrees were awarded to women at Florida Institute of Technology in Applied Behavior Analysis, which is 5.15 times more than the 27 male recipients with that same degree.

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Time to Complete

41%

100% Completion Time

57%

150% Completion Time

In 2017, 41% 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, 57% completed their degrees within 150% of the normal time, and 59% 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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Diversity

Graduation Rate by Race and Gender

Showing demographic groups with ≥ 5 graduating students.

Asian Female

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate at Florida Institute of Technology is Female and Asian (100% graduation rate). Across all Doctoral 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, 7.94% of graduates (32 students) did not report their race.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity

  1. White

    822 degrees awarded

  2. Black or African American

    172 degrees awarded

  3. Unknown

    141 degrees awarded

The most common race/ethnicity at Florida Institute of Technology is white (822 degrees awarded). There were 4.78 times more white recipients than the next closest race/ethnicity group, black or african american (172 degrees).

7.16% of degree recipients (141 students) did not report their race.

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Race & Ethnicity by Gender

Most Common Gender Demographic

  1. White Male

    452 degrees awarded

  2. White Female

    370 degrees awarded

  3. Black or African American Male

    93 degrees awarded

The most common race/ethnicity and gender grouping at Florida Institute of Technology is white male (452 degrees awarded). There were 1.22 times more white male recipients than the next closest race/ethnicity group, white female (370 degrees).

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Operations

Florida Institute of Technology has an endowment valued at nearly $70.8M, as of the end of the 2017 fiscal year. The return on its endowment was of $8.65M (12.2%), compared to the 5.91% average return ($16.9M on $287M) across all Doctoral Universities.

In 2017, Florida Institute of Technology had a total salary expenditure of $184M. Florida Institute of Technology employs 108 Assistant professors, 90 Associate professors, and 84 Professors. Most academics at Florida Institute of Technology are Male Assistant professors (78), Male Associate professors(72), and Male Professors (69).

The most common positions for non-instructional staff at Florida Institute of Technology are: Office and Administrative Support, with 161 employees, Service, with 118 employees, and Business and Financial Operations with 81 employees.

Finances

Endowment

$70.8M

2017 Endowment

14%

growth from 2016

Florida Institute of Technology has an endowment valued at about $70.8M, as of the end of the 2017 fiscal year. The endowment of Florida Institute of Technology grew 14% from the previous year. The value of their endowment was $216M 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. $6.74M - Federal

  2. $1.84M - State

  3. $0 - Local

As of 2017, Florida Institute of Technology received $6.74M in grants and contracts from the federal government, $1.84M from state grants and contracts, and $0 from local grants and contracts.

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Expenses

Salary Expenditure

$74.9M

2017 Salaries

5.53%

decline from 2016

In 2017, Florida Institute of Technology paid a median of $74.9M in salaries, which represents 40.8% of their overall expenditure ($184M) and a 5.53% decline from the previous year. This is compared to a 2.03% growth from 2015 and a 2.74% growth from 2014.

The median for similar Doctoral Universities is 215M (42.7% of overall expenditures).

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Instructional Salaries

$27.7M

Instructional Salaries

305

Number of Employees

In 2017, Florida Institute of Technology paid a total of $27.7M to 305 employees working as instructors, which represents 37% of all salaries paid.

This is compared to a median of $61.3M (31.9%) for similar Doctoral Universities: Higher Research Activity.

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Faculty and Staff

Occupations by Share

Assistant professor

Most Common Instructor

108 Employees

Office and Administrative Support

Most Common Non-Instructional Employee

161 Employees

In 2017, the most common positions for instructional staff at Florida Institute of Technology were Assistant professor with 108 employees; Associate professor with 90 employees; and Associate professor with 84 employees.

In 2017, the most common positions for non-instructional staff at Florida Institute of Technology were Office and Administrative Support with 161 employees; Service with 118 employees; and Business and Financial Operations with 81 employees.

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Instructors by Academic Rank and Gender

Most Common Demographic

  1. Male Assistant professor

  2. Male Associate professor

  3. Male Professor

In 2017, the most common demographic for instructional staff at Florida Institute of Technology was Male Assistant professor with 78 employees, Male Associate professor with 72 employees, and Male Professor with 69 employees.

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

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