Florida Institute of Technology
Florida Institute of Technology is a private research university in Melbourne, Florida, serving roughly 3,404 students. Admission is moderately selective, with an acceptance rate of about 57.70% in federal reporting data. Median earnings about ten years after entry reach about $43,137 among students who received federal aid.
Key Facts
- 2024 Undergraduate Tuition: $45,900
- 2024 Average Net Price: $35,639 After Financial Aid
- 2024 Acceptance Rate: 57.70% Moderate Selectivity
- 2024 Enrolled Students: 3,404 96.4% Full-Time
- 2024 Graduation Rate: 63.54%
- Average SAT Score: 1225
Florida Institute of Technology: what the data shows
Common questions about Florida Institute of Technology, answered from College Scorecard and IPEDS in this repository.
Where is Florida Institute of Technology?
Florida Institute of Technology is located in Melbourne, FL (ZIP 32901-6975).
NCES locale classification: Town.
Is Florida Institute of Technology public or private?
Florida Institute of Technology is a Private Non-profit institution.
How much does Florida Institute of Technology cost?
Published tuition: $45,900.
Average net price after aid: $35,639.
| Family income band | Avg. net price |
|---|---|
| Family income $0–$30,000 | $29,108 |
| $30,001–$48,000 | $29,213 |
| $48,001–$75,000 | $31,311 |
| $75,001–$110,000 | $36,466 |
| $110,001+ | $40,649 |
Sticker tuition × four years (estimate, no room/board): $183,600.
How hard is it to get into Florida Institute of Technology?
Admission rate: 57.70%.
Among enrollees who submitted scores: average SAT 1225 and midpoint ACT 27.
Scorecard does not publish admitted-student GPA for most institutions.
How big is Florida Institute of Technology?
Total enrollment: 3,404 students.
About 96% enroll full-time in our extract.
What is the graduation rate at Florida Institute of Technology?
150%-time completion rate: 63.54%.
First-year retention: 80.0%.
What do graduates of Florida Institute of Technology earn?
Median earnings: $41,941 six years after entry; $43,137 ten years after entry (College Scorecard).
How much debt do students have?
Median federal loan debt among completers: $27,000.
21.11% of students receive Pell grants.
What is Florida Institute of Technology known for?
Largest IPEDS program completions at this institution:
- Other/Unknown Programs (2,669 completions)
- CIP 422814 (1,195 completions)
- CIP 490101 (116 completions)
- CIP 520201 (114 completions)
- CIP 140201 (113 completions)
- Mechanical Engineering (85 completions)
- Computer Science (78 completions)
- Architectural Engineering Technologies/Technicians (43 completions)
- Computer Science - 11.0401 (41 completions)
- CIP 140801 (41 completions)
See ROI & Programs for more.
Is Florida Institute of Technology a good school?
We do not score schools on opinion. Federal data in our extract show admission rate 57.70%; completion rate 63.54%; median earnings $43,137 at 10 years; net price $35,639. Compare these figures to your cost, aid, and career goals.
Costs
Tuition Costs
$45,900
2024 Undergraduate Tuition
In 2024, the cost of tuition at Florida Institute of Technology was $45,900.
Tuition comparison with similar institutions.
Average Net Price
$35,639
2024 Value
In 2024 Florida Institute of Technology had an average net price — the price paid after factoring in grants and loans — of $35,639.
Average net price comparison with similar institutions.
Total Cost of Attendance
$142,556 Estimated 4-Year Total Cost
$35,639 Average Annual Net Price (after aid)
$183,600 4-Year Tuition
Costs include tuition and fees. Room & board, books, and other expenses are additional.
4-year total cost breakdown for Florida Institute of Technology.
Financial Aid by Income Level
21.11% Undergraduates Receiving Financial Aid through Grants
40.08% Undergraduates Receiving Financial Aid through Loans
Financial aid distribution by income level.
Student Loan Default Rate
0.00%
3-year cohort default rate (College Scorecard)
The published 3-year cohort default rate for borrowers at Florida Institute of Technology was 0.00%.
Cohort default rates account for borrowers who default in the first three years.
Tuition tracker
Published tuition and average net price by reporting year come from the College Scorecard institution file. Values are not adjusted for inflation; missing cells mean the field was not reported or was suppressed for Florida Institute of Technology in that year.
Reporting years in the table below: 2013–2023 (Scorecard labels refer to the institutional submission cycle).
| Year | In-state tuition & fees | Out-of-state tuition & fees | Average net price |
|---|---|---|---|
| 2013 | $36,020 | $36,020 | $29,941 |
| 2014 | $37,990 | $37,990 | $27,291 |
| 2015 | $39,290 | $39,290 | $28,474 |
| 2016 | $40,446 | $40,446 | $29,128 |
| 2017 | $41,240 | $41,240 | $31,592 |
| 2018 | $41,850 | $41,850 | $31,900 |
| 2019 | $42,470 | $42,470 | $31,097 |
| 2020 | $43,246 | $43,246 | $31,009 |
| 2021 | $43,246 | $43,246 | $31,172 |
| 2022 | $43,670 | $43,670 | $28,552 |
| 2023 | $44,360 | $44,360 | $35,300 |
Sticker tuition and net price over time
Where the institution reported separate in-state and out-of-state tuition, both appear. Gaps mean the value was not reported for that year.
College Scorecard reporting-year fields (not inflation-adjusted).
Net price by family income
Brackets follow Scorecard definitions for the series shown (public vs private institution).
Latest income-band net prices available in the processed extract.
Admissions
Acceptance Rate
57.70% Acceptance Rate
This institution is selective, accepting about half of all applicants.
Acceptance rate compared to national average.
Test Scores
SAT Average: 1225
ACT Average: 27
Average SAT and ACT scores for admitted students.
Academic Requirements
Estimated GPA Range: 3.3 - 3.5
Estimated Median GPA: 3.40
Note: GPA requirements are estimated based on admission selectivity and test scores. Actual requirements may vary.
Estimated GPA and test score ranges.
Enrollment
Full-Time vs Part-Time Enrollment
96.4% Full-Time Enrollment
The total enrollment at Florida Institute of Technology in 2024 is 3,404 students.
Full-time vs part-time enrollment comparison.
Retention Rate over Time
80.0%
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.
Retention rate over time compared to similar institutions.
Graduates & Outcomes
Time to Complete
47.92% 100% Completion Time
63.54% 150% Completion Time
In 2024, 47.92% of students graduating from Florida Institute of Technology completed their program within 100% "normal time".
Completion rates over time compared to similar institutions.
ROI & Programs
Financial value and program information for Florida Institute of Technology.
Return on Investment
$27,000 Median Student Debt
$43,137 Median Annual Earnings (10 years)
62.59% Debt-to-Earnings Ratio
202.60% Return on Investment
6.3 years Estimated Payback Period
Financial value analysis for Florida Institute of Technology.
Top Programs by Completions
10 Programs Reporting Data
CIP 42.2814: 1,195 completions
CIP 49.0101: 116 completions
CIP 52.0201: 114 completions
CIP 14.0201: 113 completions
Mechanical Engineering: 85 completions
Computer Science: 78 completions
Architectural Engineering Technologies/Technicians: 43 completions
Computer Science - 11.0401: 41 completions
CIP 14.0801: 41 completions
Other/Unknown Programs: 2,669 completions
Most popular programs at Florida Institute of Technology.
Employment Outcomes
Employment outcome data is not available for this institution.
Earnings outcomes for Florida Institute of Technology graduates.
About
Florida Institute of Technology is a private non-profit institution located in Melbourne, FL, offering 74 distinct degree programs across various academic disciplines. The institution enrolls approximately 3,404 students. The admission rate is 57.70%. Average SAT scores for admitted students are 1225. The institution maintains a 63.54% graduation rate. Approximately 21.11% of students receive Pell Grants.
Institution Type
Private Non-profit
Location
Melbourne, FL 32901-6975
Region: Southeast
Insights and Analysis
Diverse Program Offerings: With over 74 distinct degree programs, Florida Institute of Technology provides students with a wide range of academic options. This diversity allows students to explore various fields and find programs that align with their interests and career goals.
FAQ
How much does Florida Institute of Technology cost?
Reported in-state tuition is $45,900 and average net price is $35,639 in the latest College Scorecard data.
How hard is it to get into Florida Institute of Technology?
The admission rate is 57.7% among first-time degree-seeking students reporting admissions data.
What test scores do students need for Florida Institute of Technology?
Among enrolled students who submitted scores, Florida Institute of Technology reports midpoint SAT about 1225 and midpoint ACT about 27.
What do graduates of Florida Institute of Technology earn?
Median earnings are $41,941 six years after entry and $43,137 ten years after entry.
What is the graduation rate at Florida Institute of Technology?
The 150%-time completion rate is 63.5% for the cohort reported to the College Scorecard.
How much debt do Florida Institute of Technology students have?
Median federal loan debt among completers is $27,000.
How big is Florida Institute of Technology?
Total enrollment is about 3,404 students in the latest reporting year.
Is Florida Institute of Technology public or private?
Florida Institute of Technology is a private nonprofit institution located in Melbourne, FL.
Is Florida Institute of Technology an HBCU?
No. Florida Institute of Technology is not flagged as an HBCU in the IPEDS institutional directory.
Is Florida Institute of Technology a tribal college?
No. Florida Institute of Technology is not flagged as a tribal college in IPEDS.
Is Florida Institute of Technology a Hispanic-serving institution (HSI)?
Using a 25% Hispanic enrollment threshold on College Scorecard demographics, Florida Institute of Technology does not meet that proxy (reported share 17.0%).
Is Florida Institute of Technology religiously affiliated?
No religious affiliation is reported for Florida Institute of Technology in IPEDS institutional characteristics.
Data Sources
This page uses data from the following sources:
- College Scorecard - U.S. Department of Education
- Institutional characteristics, costs, completion rates, and earnings data
- Data years: 2015-2024
- Source: collegescorecard.ed.gov
- Bureau of Labor Statistics (BLS) Occupational Employment and Wage Statistics (OEWS)
- Employment and wage data by occupation
- Latest data: May 2024
- Source: bls.gov/oes
- O*NET Online - U.S. Department of Labor
- Occupational skills, knowledge, abilities, and work activities
- Database version: 28.0 (August 2023)
- Source: onetcenter.org
- IPEDS (Integrated Postsecondary Education Data System) - National Center for Education Statistics
- Institutional data, completions, enrollment, and financial aid
- Data years: 2015-2024
- Source: nces.ed.gov/ipeds
- Census Bureau American Community Survey (ACS)
- Demographic and workforce data
- Latest data: 2023 ACS 5-Year Estimates
- Source: census.gov/acs
- Related geography & profiles
Data Processing: All data has been processed, cleaned, and aggregated for presentation. Where specific data points are unavailable, estimates are based on available data and clearly marked.
Last Updated: Data reflects the most recent available information as of January 2025.
Methodology
Data for this profile is sourced from the U.S. Department of Education's College Scorecard dataset, which provides comprehensive information on institutions of higher education in the United States.
All financial figures are adjusted for inflation and represent the most recent available data. Graduation rates and completion times are calculated according to federal standards.