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Can You Really Afford Florida Institute of Technology?

Here’s the full picture on paying for Florida Institute of Technology, spanning what it costs to attend, projected costs over a degree, net price, debt outcomes, and aid equity.

$60,387.00 Cost of Attendance
$35,639.00 Avg Net Price
$14,049.00 Median Grad Debt

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How Much Does It Cost to Attend Florida Institute of Technology?

The cost of attendance at Florida Institute of Technology is about $60,387.00 per year.

Below, the published cost is shown three ways — the full sticker price with no aid, the net price after the average grant package, and the net price for low-income students who typically receive the most aid.

Published Cost for Students (no aid)

Tuition and fees $45,900.00
+ Room, board & other expenses $14,487.00
Total cost $60,387.00
That is 84% above the national average net price.

What Students Actually Pay — Students (with average aid)

Total cost $60,387.00
− Grants and scholarships −$26,801.00
Net price $33,586.00
That is 2% above the national average net price.

What Low-Income Students Pay — Undergraduates

Total cost $60,387.00
− Grants and scholarships −$33,332.00
Net price $27,055.00
That is 18% below the national average net price.
Want the line-by-line detail? Dig into the tuition & fees page and room and board.

The Long-Run Cost of a Degree at Florida Institute of Technology

Published costs have climbed year over year at a recent average of 2.0% annually, so the projections below total more than one year of attendance. The projections below run a full degree for a low-income aided student, an average-aid student, and the full sticker price. Loan math assumes ten-year repayment at 6.8% interest.

Projected 4-year net costs Low Income w/ Aid w/ Average Aid No Aid
Annual growth rate 2.0% 2.0% 2.0%
Freshman year $27,599.00 $34,261.00 $61,601.00
Senior year $29,297.00 $36,370.00 $65,392.00
Total 4-year net price $113,770.00 $141,234.00 $253,937.00
10-year loan interest @ 6.8% $43,342.00 $53,805.00 $96,741.00
Total monthly payment $1,309.00 $1,625.00 $2,922.00
Total amount paid $157,113.00 $195,039.00 $350,677.00
Projected 2-year net costs Low Income w/ Aid w/ Average Aid No Aid
Annual growth rate 2.0% 2.0% 2.0%
Freshman year $27,599.00 $34,261.00 $61,601.00
Senior year $28,154.00 $34,950.00 $62,840.00
Total 2-year net price $55,753.00 $69,212.00 $124,441.00
10-year loan interest @ 6.8% $21,240.00 $26,367.00 $47,408.00
Total monthly payment $642.00 $796.00 $1,432.00
Total amount paid $76,993.00 $95,579.00 $171,849.00

Read more in the Net Price section.

After-Aid Net Price at Florida Institute of Technology

Net price reflects the true cost to attend after grant and scholarship aid is deducted. For most students, this is the more useful number than published tuition because it reflects the real out-of-pocket cost.

Average net price (on-campus) $35,639.00
Average net price (off-campus) $35,300.00

Net price varies sharply by family income, dropping as need-based aid grows. Below, average net price is broken out by family income:

Family income Average net price
Under $30,000 $29,324.00
$30,000 to $48,000 $29,464.00
$48,001 to $75,000 $33,611.00
$75,001 to $110,000 $36,324.00
Over $110,000 $39,204.00

Get a tailored estimate from the Florida Institute of Technology Net Price Calculator, or reach out to the financial aid office.

Curious how grants and scholarships are distributed? Explore the financial aid breakdown.

Borrowing and Debt at Florida Institute of Technology

The typical debt load for borrowers leaving Florida Institute of Technology stands at $14,049.00, landing it in the Low ($10-20k) burden category.

The percentile spread of debt at graduation is shown below:

Percentile Debt at graduation
10th $2,250.00
25th $4,750.00
Median (50th) $14,049.00
75th $27,250.00
90th $40,500.00

The gap between 10th and 90th percentile borrowers gives a sense of how uneven debt outcomes are.

Dig deeper into debt on the student loan debt page.

Debt Outcomes by Family Income at Florida Institute of Technology

Student debt at graduation is not evenly distributed across income levels. Below, debt is broken out by low, middle, and high family income:

Family income Median debt at graduation
Low income $12,125.00
Middle income $17,002.00
High income $16,250.00

Debt by First-Generation Status at Florida Institute of Technology

Whether your parents attended college is associated with differences in median debt at graduation.

Student group Median debt at graduation
First-generation students $13,782.00
Continuing-generation students $14,834.00

How Pell Eligibility Shapes Debt at Florida Institute of Technology

Pell Grants are the federal government’s primary need-based undergraduate aid program. Looking at Pell recipients versus non-recipients tells us how debt is distributed across need.

The median debt difference between Pell-eligible and non-Pell graduates of Florida Institute of Technology stands at $250.00. This institution is flagged by federal data for Pell-debt inequity.

Loan Default & Repayment at Florida Institute of Technology

The federal default-rate tier for Florida Institute of Technology is Low (<5%).

Window Cohort default rate
2-year 10.7%

To put the rates in context, Stafford loans at Florida Institute of Technology add up to $692,555,834.00 over 30,817 student borrowers.

Military and Veteran Aid at Florida Institute of Technology

Veterans and current servicemembers may be eligible for major federal education benefits including the GI Bill and Tuition Assistance from the Department of Defense.

GI Bill recipients 248
Avg GI Bill amount $18,182.00
DoD Tuition Assistance recipients 387
Avg DoD Tuition Assistance $2,371.00

Dig into veteran education benefits on the veteran aid breakdown.

Things to Think About

Numbers only tell part of the story. As you weigh Florida Institute of Technology, consider the following:

Explore Further about Florida Institute of Technology

Dig further into the cost picture with the related pages below:

Data sources. Figures on this page draw from the U.S. Department of Education College Scorecard, the Integrated Postsecondary Education Data System (IPEDS), and MediaFactual editorial review. Net-price calculator and financial-aid office links are taken from the institution’s own published data.

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