by our College Data Analytics TeamMany students will not be asked to pay the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The sum total of attendance at South Florida Institute of Technology can sound overpowering, but remember that the majority of students get some type of financial assistance.
What financial assistance options will South Florida Institute of Technology offer, and what will you qualify for? Read on for more information. Read on to discover how much school funding could be available to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Use the information below to understand how much financial assistance you may get from South Florida Institute of Technology.
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. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
Looking at the entering class at South Florida Institute of Technology, 100% of first-time, full-time freshmen received some form of financial aid around 6954 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 91% | $7,174 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 91% | $7,174 |
| State/local grants | 0% | — |
| Federal student loans | 16% | $8,470 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Here, roughly 70% of undergraduate students received gift aid averaging $7,208 (across approximately 6345 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 70% | $7,208 |
| Federal Pell grants | 70% | $7,193 |
| Federal student loans | 18% | $8,963 |
For students living on campus and receiving title-IV aid, grants averaged $6,616.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $29,731 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
Net price is the average annual cost after grants and scholarships are subtracted from the published cost of attendance — the figure closest to what a typical aid-receiving student actually pays.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $31,695 |
| Off-campus title-IV students | $29,731 |
To get a personalized net price estimate, try South Florida Institute of Technology’s net price tool: www.sf-institute.com/netprice/npcalc.htm.
The median federal debt load at South Florida Institute of Technology comes to $9,500 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,500 |
| Median federal debt (graduates only) | $9,500 |
| Typical 10-year monthly payment (graduates) | $100.72/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. Use the percentiles below to see the debt range at South Florida Institute of Technology.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,111 |
| 25th percentile | $1,689 |
| 75th percentile | $2,147 |
| 90th percentile (highest-debt students) | $3,381 |
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 | $9,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,500 |
| Continuing-generation students | $9,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
A handful of calculated indicators summarize the debt outlook at South Florida Institute of Technology.
Stafford loans make up the bulk of federal direct lending to undergraduates. Below is the annual Stafford program activity at South Florida Institute of Technology:
| Metric | Value |
|---|---|
| Stafford loan recipients | 3519 |
| Total Stafford loan amount | $29,028,479 |
References
More about our data sources and methodologies.