Florida Institute of Technology-Online

www.fit.edu

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2020 Undergraduate Tuition

$12,240

0% growth from 2019

2020 Average Net Price

$24,838

After Financial Aid

2018 Student Loan

5.22%

Default Rate

2020 Acceptance Rate

100%

162 Applicants

2020 Enrolled Students

1,703

38.9% 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 (50 degrees awarded), Applied Psychology (42 degrees), and General Business Administration & Management (28 degrees).

In 2020, 704 degrees were awarded across all undergraduate and graduate programs at Florida Institute of Technology-Online. 51.4% of these degrees were awarded to women, and 48.6% awarded men. The most common race/ethnicity group of degree recipients was white (378 degrees), 2.72 times more than then the next closest race/ethnicity group, black or african american (139 degrees).

The median undergraduate tuition at Florida Institute of Technology-Online is $12,240, which is $−10,290 less than the national average for Masters Colleges and Universities ($22,531).

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 $−10,290 less than the national average for Masters Colleges and Universities ($22,531).

After taking grants and loans into account, the average net price for students is $24,838.

In 2020, 67% of undergraduate students received federal grants, while 62% of undergraduate students received federal loans.

Student Expenses

Tuition Costs

$12,240

2020 Undergraduate Tuition

In 2020, the cost of tuition at Florida Institute of Technology-Online was $12,240. The cost of tuition at Florida Institute of Technology-Online is $−10,290 less than than the overall (public and private) national average for Masters Colleges and Universities ($22,531).

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

Average Net Price

$24,838

2020 Value

In 2020 Florida Institute of Technology-Online had an average net price — the price paid after factoring in grants and loans — of $24,838. Between 2019 and 2020, 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

67%

Of Undergraduates Receive Grants

62%

Of Undergraduates Receive Federal Loans

67% of undergraduate students at Florida Institute of Technology-Online received grants or loans in 2020. This represents a decline of 1.47% with respect to 2019, when 68% 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.

5.22%

2018 Default Rate

114

Number of Defaults

In 2018 the default rate for borrower's at Florida Institute of Technology-Online was 5.22%, which represents 114 out of the 2184 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 162 undergraduate applications in 2020, which represents a 27.6% annual growth. Out of those 162 applicants, 162 students were accepted for enrollment, representing a 100% acceptance rate.

There were 1,703 students enrolled at Florida Institute of Technology-Online in 2020, and 4% of first-time enrollees submitted SAT scores with their applications.

Florida Institute of Technology-Online has an overall enrollment yield of 32.7%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

100%

Acceptance Rate in 2020

162

Accepted Out of 162

In 2020, the undergraduate acceptance rate of Florida Institute of Technology-Online was 100% (162 admissions from 162 applications). This is higher than the acceptance rate of 2019, which was 99.2%. Between 2019 and 2020, the number of applicants grew by 27.6%, while admissions grew by 28.6%.

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

4% of enrolled first-time students at Florida Institute of Technology-Online in 2020 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 1,703 students. The full-time enrollment at Florida Institute of Technology-Online is 662 students and the part-time enrollment is 1,041. This means that 38.9% 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 49.3% White, 19.7% Black or African American, 15.3% Hispanic or Latino, 3.52% Asian, 1.29% Two or More Races, 0.646% American Indian or Alaska Native, and 0.352% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Florida Institute of Technology-Online in full-time Undergraduate programs are most commonly White Female (31.6%), followed by White Male (18.7%) and Black or African American Female (13.7%). Students enrolled in full-time Graduate programs are most commonly Black or African American Female (18.2%), followed by Hispanic or Latino Male (18.2%) and Asian Male (9.09%).

Full-Time vs Part-Time Enrollment

38.9%

Full-Time Enrollment

The total enrollment at Florida Institute of Technology-Online, both undergraduate and graduate, is 1,703 students. The full-time enrollment at Florida Institute of Technology-Online is 662 and the part-time enrollment is 1,041. This means that 38.9% of students enrolled at Florida Institute of Technology-Online are enrolled full-time compared with 68.8% 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

32%

2020 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 32%. Compared with the full-time retention rate at similar Masters Colleges and Universities (75%), Florida Institute of Technology-Online had a retention rate lower than 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
840
Black or African American
335
Hispanic or Latino
260

The enrolled student population at Florida Institute of Technology-Online is 49.3% White, 19.7% Black or African American, 15.3% Hispanic or Latino, 3.52% Asian, 1.29% Two or More Races, 0.646% American Indian or Alaska Native, and 0.352% 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 52.6% White, 16.6% Hispanic or Latino, and 13% 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, 136 students (7.99%) did not report their race.

Graduates

In 2020, 20 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 (378 degrees awarded). There were 2.72 times more white graduates than the next closest race/ethnicity group, black or african american (139 degrees).

The most common Bachelor's Degree concentration at Florida Institute of Technology-Online is Information Science (50 degrees awarded), followed by Applied Psychology (42 degrees) and General Business Administration & Management (28 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 (28 degrees awarded), Business (434 degrees), and Computer and Information Sciences and Support Services (100 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 (28 degrees awarded), Business (434 degrees), Computer and Information Sciences and Support Services (100 degrees), Psychology (59 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
50 degree-majorss awarded
Applied Psychology
42 degree-majorss awarded
General Business Administration & Management
28 degree-majorss awarded

In 2020, the most common bachelors degree concentration at Florida Institute of Technology-Online was Information Science with 50 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.

Sex Breakdown for Common Majors

342

Degrees Awarded to Men

in 2020

362

Degrees Awarded to Women

in 2020

In 2020, 342 degrees were awarded to men at Florida Institute of Technology-Online, which is 0.945 times less than the number of degrees awarded to females (362).

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

Most Common Male Majors

In 2020, 66 degrees were awarded to men at Florida Institute of Technology-Online in Information Science, which is 6.6 times more than the 10 female recipients with that same degree.

Most Common Female Majors

In 2020, 53 degrees were awarded to women at Florida Institute of Technology-Online in Applied Psychology, which is 8.83 times more than the 6 male recipients with that same degree.

Diversity

Graduation Rate by Race and Sex

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 (72.4%).

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
378 degrees awarded
Black or African American
139 degrees awarded
Hispanic or Latino
99 degrees awarded

The most common race/ethnicity at Florida Institute of Technology-Online is white (378 degrees awarded). There were 2.72 times more white recipients than the next closest race/ethnicity group, black or african american (139 degrees).

4.83% of degree recipients (34 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic

White Male
195 degrees awarded
White Female
183 degrees awarded
Black or African American Female
87 degrees awarded

The most common race/ethnicity and sex grouping at Florida Institute of Technology-Online is white male (195 degrees awarded). There were 1.07 times more white male recipients than the next closest race/ethnicity group, white female (183 degrees).

Operations

Florida Institute of Technology-Online has an endowment valued at nearly $N/A, as of the end of the 2020 fiscal year. The return on its endowment was of $0 (NaNN%), compared to the 3.19% average return ($1.26M on $39.6M) across all Masters Colleges and Universities.

In 2020, Florida Institute of Technology-Online had a total salary expenditure of $N/A. Florida Institute of Technology-Online employs 5 Assistant professors, 3 Associate professors, and 2 Instructors. Most academics at Florida Institute of Technology-Online are Male Assistant professors (3), Female Associate professors(2), and Female 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 6 employees, Office and Administrative Support, with 6 employees, and Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 3 employees.

Finances

Endowment

growth from 2019

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 2020, 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

$4.44M

2020 Salaries

5.67%

decline from 2019

In 2020, Florida Institute of Technology-Online paid a median of $4.44M in salaries, which represents NaNM% of their overall expenditure ($N/A) and a 5.67% decline from the previous year. This is compared to a 5.4% decline from 2018 and a 13.1% decline from 2017.

The median for similar Masters Colleges and Universities is 34.6M (40.9% of overall expenditures).

Instructional Salaries

$968k

Instructional Salaries

Number of Employees

In 2020, Florida Institute of Technology-Online paid a total of $968k to 10 employees working as instructors, which represents 21.8% of all salaries paid.

This is compared to a median of $11M (31.8%) for similar Masters Colleges and Universities.

Faculty and Staff

Occupations by Share

Assistant professor

Most Common Instructor

5 Employees

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

Most Common Non-Instructional Employee

6 Employees

In 2020, the most common positions for instructional staff at Florida Institute of Technology-Online were Assistant professor with 5 employees; Associate professor with 3 employees; and Associate professor with 2 employees.

In 2020, 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 6 employees; Office and Administrative Support with 6 employees; and Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 3 employees.

Instructors by Academic Rank and Sex

Most Common Demographic

Male Assistant professor
Female Associate professor
Female Assistant professor

In 2020, the most common demographic for instructional staff at Florida Institute of Technology-Online was Male Assistant professor with 3 employees, Female Associate professor with 2 employees, and Female Assistant professor with 2 employees.

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

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