by our College Data Analytics TeamThe majority of students will not be asked to pay the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The total cost of going to Florida Institute of Technology can seem tremendous, but do not forget that almost all students are given some form of financial help.
What financing options does Florida Tech offer you, and what will you qualify for? Keep scrolling for more information. Read on to find out how much school funding will be available to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Read on to get a sense of the financial assistance available at Florida Institute of Technology.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
Looking at the entering class at Florida Institute of Technology, 99% of new full-time first-years were awarded at least some aid approximately 873 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 99% | $25,218 |
| Institutional grants & scholarships | 99% | $20,714 |
| Federal Pell grants | 25% | $5,731 |
| State/local grants | 34% | $7,842 |
| Federal student loans | 48% | $5,344 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. Here, roughly 85% of undergrads got grants or scholarships worth on average $25,572 (covering around 2939 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 85% | $25,572 |
| Federal Pell grants | 21% | $5,795 |
| Federal student loans | 40% | $6,396 |
Title-IV recipients living on campus saw average grant aid of $26,801.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $29,369 |
| $30,001 – $75,000 | $32,128 |
| Over $75,000 | $38,490 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $35,639 |
| Off-campus title-IV students | $35,300 |
For a personalized estimate based on your family’s financial situation, use Florida Tech’s NPC: fit.aidcalc.cloud/.
The middle student in the debt distribution at Florida Tech owes $14,049 of federal borrowing.
| 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 |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
The median alone does not show how widely outcomes vary across the student body. The percentiles below describe the cumulative federal debt distribution for borrowers at Florida Tech.
| 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 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $12,125 |
| Middle income | $17,002 |
| High income | $16,250 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $13,782 |
| Continuing-generation students | $14,834 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $14,491 |
| Independent students | $13,750 |
A handful of calculated indicators summarize the debt outlook at Florida Tech.
The Stafford loan program is the largest source of federal direct loans to undergraduates. These figures summarize annual Stafford program activity at Florida Tech:
| Metric | Value |
|---|---|
| Stafford loan recipients | 30817 |
| Total Stafford loan amount | $692,555,834 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 248 |
| Total GI Bill amount | $4,509,185 |
| Average GI Bill amount per recipient | $18,182 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 387 |
| Total DoD amount | $917,690 |
| Average DoD amount per recipient | $2,371 |
References
More about our data sources and methodologies.