Payback
EarningsPlus
Economic score
Florida Institute of Technology is a private national university located in Melbourne, Florida. Florida Tech is moderately inclusive in their admissions.
Return on educational investment at Florida Tech is in the top 50% of all ranked schools. The median student earns $63,704 10 years after enrolling, 5th in Florida, and in the top 25% nationally. When adjusted for earning differences by major, Florida Tech bachelor students earn 1% less than the national average. Florida Tech is ranked 19th in Florida.
Florida Institute of Technology’s median net annual cost of $31,009 and average years to graduate of 4.5 are reported only at the school level. We assume these same costs and graduation time for all programs.
The top 6 programs at Florida Tech sorted by number of graduates - Air Transportation, Mechanical Engineering, Aerospace Engineering, Computer Science, Computer Engineering, Ocean Engineering. - are shown below. To see more programs, click on "see additional programs".
Annual net cost
$31,009
Average years to graduate
4.5
Electrical Engineering
Rank: #200
Economic score: 2.82
Business Administration
Rank: #542
Economic score: 4.37
Civil Engineering
Rank: #204
Economic score: 4.97
Chemical Engineering
Rank: #145
Economic score: 5.6
Accounting
Rank: #512
Economic score: 9.96
Clinical / Counseling Psych
Rank: #28
Economic score: 16.19
Meteorology
Rank: #16
Economic score: 27.29
Ecology & Evolution
Rank: #44
Economic score: 45.96
Psychology
Rank: #746
Economic score: 122.31
Biology
Rank: #680
Economic score: 294.26
EarningPlus compares the three-year post graduate earnings to the median earnings of the same graduating class, with the same graduate degree. These 2 metrics, debt-to-earnings and EarningsPlus, are combined into an economic score. The lower the economic score the better.
The most popular 6 graduate programs at Florida Tech - Clinical / Counseling Psych, Business Administration, Military Applied Sciences., Quantitative methods Mgmt., Engineering Fields, Air Transportation - are shown below. To see more programs, click on "see additional programs".
Information Systems Mgmt.
Rank: #8
Economic score: 0.52
Health Administrative Services
Rank: -
When a school's graduation rate falls in the bottom 25% in the country, we do not display an economic ranking.
Economic score: 0.55
HR Management
Rank: #59
Economic score: 0.56
The average full-time graduate completes their degree in 4.5 years. 61% of all students graduate within 8 years including part-time students. The graduation rate at Florida Tech is 4% higher than the state average, and 6% below the average for all national universities in the country.
At Florida Tech, Pell Grant recipients represent 21% of the measured graduating class, 14% lower than the national average of 35%. The average Pell Grant recipient at Florida Tech graduates within 4.4 years.
Florida Tech is in the bottom 25% of schools for graduating Pell recipients.
We calculate this performance by adjusting the graduation rate of Pell students by their percentage of the student body. This adjustment is made to prevent schools with large numbers of Pell students from underperforming in comparison to schools with few Pell students but high graduation rates.
Florida Institute of Technology’s economic mobility score of 11.55 is calculated by adjusting the 3.33 economic score of lower-income students by the 21% pell grant recipients within the student body. Florida Tech’s EMS of 11.55 ranks in the bottom 50% nationally.false
Economic Mobility
To calculate economic mobility of low-income (household earnings below $30,000) students, we adjust each institution’s economic score by their percentage of Pell Grant students. The logic of this Pell-adjusted calculation is derived from Third Way’s Economic Mobility Index (EMI).
Bottom 50%
The average Title IV recipient at Florida Institute of Technology pays $31,009 a year, $27,437 less than the $58,446 advertised. See below the cost breakdown for students who receive Title IV grants, broken down by income level.
Average net price
The average net price shown by income level for all students that receive Title IV aid. Calculated by deducting the average grant and scholarship aid from tuition, fees, books, and room and board. Limited to first-time, full-time students. Public institution figures are calculated using in-state tuition figures.
Median net price $31,009
Much of the gap between net price and sticker price is filled by institutional and government grants. At Florida Tech, 92% of students receive some grants and scholarships, compared to the national average of 87% for all colleges and universities. The average amount of federal, state, and institutional grants that students receive is shown on the right.
This leaves a total of $31,009 on average to be covered by the student – be it through loans or out of pocket. In total, 59% of students take out loans, federal or private, at an average amount of $9,007. This is 5% more than the national average.
Federal grants
$5,481
Pell grants
$4,974
State grants
$7,848
Institutional grants
$20,736
Florida Institute of Technology's moderately inclusive admissions are indicated by their 66% acceptance rate. In 2021, the school had 10,650 applicants, of which 7,016 were admitted and 756 enrolled. Florida Tech has a rolling admissions policy, which means applications are reviewed as they arrive until all spaces are filled.
Full time
95%
83%
Female
52%
59%
First time
73%
59%
In-state
38%
68%
1st generation
40%
35%
White
54%
52%
Black
5%
14%
Hispanic
11%
15%
Asian
2%
5%
American Indian
N/A
1.6%
Pacific Islander
N/A
0.3%
Other
26%
12%