by our College Data Analytics TeamMany students will not be asked to pay the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The price tag of going to Florida Institute of Technology-Online can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
Just what financial assistance solutions will Florida Institute of Technology - Online deliver, and just what are you going to be eligible for? Read on for answers. Keep scrolling to learn just how much financial aid will be open to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Continue reading to find information to help you understand just how much assistance you can expect to receive from Florida Institute of Technology-Online.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. However, some types of aid are more desirable than others, and some students will receive more than others.
At Florida Institute of Technology-Online, 82% of the incoming full-time class was awarded financial aid roughly 14 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 71% | $6,887 |
| Institutional grants & scholarships | 6% | $11,860 |
| Federal Pell grants | 53% | $5,496 |
| State/local grants | 35% | $3,553 |
| Federal student loans | 53% | $6,187 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At Florida Institute of Technology - Online, approximately 69% of undergraduate students received gift aid averaging $6,307 (across approximately 437 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 69% | $6,307 |
| Federal Pell grants | 49% | $5,562 |
| Federal student loans | 57% | $8,722 |
For students living on campus and receiving title-IV aid, grants averaged $6,357.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $24,943 |
| $30,001 – $75,000 | $25,519 |
| Over $75,000 | $27,916 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $18,405 |
| Off-campus title-IV students | $25,374 |
For an estimate tailored to your family circumstances, see Florida Institute of Technology - Online’s net price calculator: fit.aidcalc.cloud/.
A typical borrower at Florida Institute of Technology - Online leaves with $14,049 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $14,049 |
| Median federal debt (graduates only) | $27,000 |
| Typical 10-year monthly payment (graduates) | $286.24/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
A single median figure conceals how much debt outcomes differ student to student. These percentiles trace how cumulative federal debt is spread among borrowers at Florida Institute of Technology - Online.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,250 |
| 25th percentile | $4,750 |
| 75th percentile | $27,250 |
| 90th percentile (highest-debt students) | $40,500 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $12,125 |
| Middle income | $17,002 |
| High income | $16,250 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $13,782 |
| Continuing-generation students | $14,834 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $14,491 |
| Independent students | $13,750 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Florida Institute of Technology - Online.
The Stafford program is the federal direct-loan vehicle most undergraduates use. These figures summarize annual Stafford program activity at Florida Institute of Technology - Online:
| Metric | Value |
|---|---|
| Stafford loan recipients | 30817 |
| Total Stafford loan amount | $692,555,834 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 135 |
| Total GI Bill amount | $1,148,551 |
| Average GI Bill amount per recipient | $8,508 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 102 |
| Total DoD amount | $255,888 |
| Average DoD amount per recipient | $2,509 |
References
More about our data sources and methodologies.