Florida Institute of Technology
Florida Institute of Technology is a private non-profit institution located in Melbourne, FL, offering 74 distinct degree programs across various fields of study. Florida Institute of Technology provides students with educational opportunities designed to prepare them for success in their chosen fields.
Key Facts
- 2024 Undergraduate Tuition: $44,360
- 2024 Average Net Price: $35,300 After Financial Aid
- 2024 Acceptance Rate: 62.53% Moderate Selectivity
- 2024 Enrolled Students: 3,235 N/A% Full-Time
- 2024 Graduation Rate: 65.45%
- Average SAT Score: 1213
Costs
Tuition Costs
$44,360
2024 Undergraduate Tuition
In 2024, the cost of tuition at Florida Institute of Technology was $44,360.
Tuition comparison with similar institutions.
Average Net Price
$35,300
2024 Value
In 2024 Florida Institute of Technology had an average net price — the price paid after factoring in grants and loans — of $35,300.
Average net price comparison with similar institutions.
Total Cost of Attendance
$141,200 Estimated 4-Year Total Cost
$35,300 Average Annual Net Price (after aid)
$177,440 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
20.10% Undergraduates Receiving Financial Aid through Grants
39.80% Undergraduates Receiving Financial Aid through Loans
Financial aid distribution by income level.
Student Loan Default Rate
Not reported
3-year cohort default rate (College Scorecard)
The published 3-year cohort default rate for borrowers at Florida Institute of Technology was not reported in the College Scorecard extract for this institution.
Cohort default rates account for borrowers who default in the first three years.
Admissions
Acceptance Rate
62.53% Acceptance Rate
This institution has a moderate acceptance rate, accepting most qualified applicants.
Acceptance rate compared to national average.
Test Scores
SAT Average: 1213
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
N/A% Full-Time Enrollment
The total enrollment at Florida Institute of Technology in 2024 is 3,235 students.
Full-time vs part-time enrollment comparison.
Retention Rate over Time
N/A%
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
47.55% 100% Completion Time
65.45% 150% Completion Time
In 2024, 47.55% 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
205.50% 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
$41,941 Median Earnings (6 years after entry)
$42,844 Median Earnings (8 years after entry)
$43,137 Median Earnings (10 years after entry)
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 3,235 students. The admission rate is 62.53%. Average SAT scores for admitted students are 1213. The institution maintains a 65.45% graduation rate. Approximately 20.10% 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.
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
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.