Florida Institute of Technology
Melbourne, FL, USA

Tuition, Cost & Aid

Affordability and Cost

Average Net Price Average net price for full-time, first-time degree/certificate-seeking undergraduates paying the in-state or in-district tuition rate who were awarded grant or scholarship aid from federal, state or local governments, or the institution. Other sources of grant aid are excluded. Aid awarded anytime during the full aid year is included.

Average net price is generated by subtracting the average amount of federal, state or local government, or institutional grant and scholarship aid from the total cost of attendance. Total cost of attendance is the sum of published tuition and required fees (lower of in-district or in-state), books and supplies and the weighted average room and board and other expenses.
$31,592
Calculate your net cost
Average Net Price By Family Income
Income
Average Amount
< $30k
$28,408
$30k - $48k
$27,551
$48k - $75k
$31,145
$75k - $110k
$33,129
$110k+
$37,092
Tuition
In-State Tuition In-state tuition is the tuition charged by institutions to those students who meet the state's or institution's residency requirements. In-district tuition is the tuition charged by the institution to those students residing in the locality in which they attend school and may be a lower rate than in-state tuition if offered by the institution.
$41,850
Out-of-State Tuition Out-of-state tuition is the tuition charged by institutions to those students who do not meet the state’s or institution’s residency requirements. Out-of-district tuition is the tuition charged by the institution to those students not residing in the locality in which they attend school.
$41,850
Additional Costs
Room and Board The weighted average for room and board and other expenses is generated as follows:
  • (amount for on-campus room, board and other expenses * # of students living on-campus.
  • + amount for off-campus (with family) room, board and other expenses * # of students living off-campus with family
  • + amount for off-campus (not with family) room, board and other expenses * # of students living off-campus not with family)
divided by the total # of students. Students whose living arrangements are unknown are excluded from the calculation. For some institutions the # of students by living arrangement will be known, but dollar amounts will not be known. In this case the # of students with no corresponding dollar amount will be excluded from the denominator.
$12,880
Books and Supplies
$1,200
Tuition Payment Plan
Yes
Financial Aid: visit page
Financial Aid Email: finaid@fit.edu

Aid & Grants

0
100
87%
Need Met
Students Receiving Gift Aid Percent of undergraduate students awarded federal gift aid. Federal gift aid includes any grant or scholarship aid awarded, from the federal government, a state or local government, the institution, and other sources known by the institution.
20%
Average Aid Per Year
$23,760
Students Receiving Grants Percent of undergraduate students awarded grant aid. Grant aid includes any grant or scholarship aid awarded, from the federal government, a state or local government, the institution, and other sources known by the institution.
20%
Average Federal Grant Aid Per Year
$5,117
Average Institution Grant Aid Per Year
$20,926
Students receiving state aid
33%
Average State Grant Aid Per Year
$4,936
Students receiving federal aid
21%
Average Federal Grant Aid Per Year
$5,117
Average Grant & Scholarship By Family Income
Income
Average Amount
< $30k
$30,469
$30k - $48k
$31,637
$48k - $75k
$25,681
$75k - $110k
$23,259
$110k+
$21,907
Total Needs Based Scholarships/Grants Total amount of grant or scholarship aid awarded to all undergraduates from the federal government, state/local government, the institution, and other sources known to the institution.
$3,060,842
Total Non-Need-Based Scholarships/Grants
$18,377,366

Student Loans

Students Borrowing Loans Loans to students - Any monies that must be repaid to the lending institution for which the student is the designated borrower. Includes all Title IV subsidized and unsubsidized loans and all institutionally- and privately-sponsored loans. Does not include PLUS and other loans made directly to parents.
56%
Average Loan Amount Per Year
$8,214
Students receiving federal loans
47%
Average Federal Loans Per Year
$5,559
Average Other Loans Per Year
$22,614
Average Debt at Graduation The median federal debt of undergraduate borrowers who graduated. This figure includes only federal loans; it excludes private student loans and Parent PLUS loans.
$10,500
Loan Default Rate
11%
US National: 7%
Median Monthly Loan Payment The median monthly loan payment for student borrowers who completed, if it were repaid over 10 years at a 5.05% interest rate.
$287

What Students Are Saying

4.08 Average Rating
The tuition is very expensive, but most of their grants and scholarships pay for most of it. You definitely get what you pay for from your classes, but they could improve on their library.
Evadne from Vero Beach, FL
This is on a per student basis. The school is expensive, yes, not one is doubting that. However, if you speak to almost any student or alumni they will inform you about how enriching the experience is. Students at my school are family that continues on forever, and the lessons you learn stay with you always. If the choice is between a cheap school where you are miserable or Florida Tech then I hope the choice is obvious. Now then it also depends on your major. My career choice makes eighty grand as a starting salary and I have quite a few scholarships not to mention the high demand for chemical engineers, so as long as I stick with it I will be able to pay off any money I owe fairly quickly. If you are going into a field that does not pay well and is pretty overcrowded then you may not want to choose FIT.
Brittany from Cape Coral, FL
FIT is a private school, so it will hurt your parent's pockets a bit, but they are really understanding and helpful when it comes to financial needs. They offer lots of work study, scholarship, and grants to make it easier for your parents to pay tuition.
Foreign at fit
Expensive, sorry not gonna lie but I think it is worth every penny. Now remember I didn't live on campus so the cost was lower for me and I didn't experience dorm life. But the tuition costs are worth it because of the great teachers and staff that work at the university. If I have a question or problem it gets dealt with. I have learned alot being there just a year, that is priceless.
Sarah
Let's be real here - Florida Tech is expensive for some, but there's more behind that you should know... the key here is Florida Tech tries to make it affordable for everyone with the scholarships and aid they give out. They offer so much to students, so there's going to be a price, but you should still apply and weigh all your options once you receive scholarship/financial aid packages from everywhere you apply.
Genevieve from Brookline, NH
It is expensive, but they have ways of helping you out! Don't get turned off just by the raw tuition rate alone...YOU WILL NOT PAY THAT!
Joseph from Perkasie, PA
Every dollar is worth it. Manage your time and money wisely and you will be rewarded in the long run.
D'Andre from Palm Bay, FL
It is very expensive to go here, but if there is always scholarships and financial aid. Florida Tech hands out a lot of money to good students.
Stephanie from Hudsonville, MI
The college is really pricey and that's the reason I can't attend. However I would say depending on what you're going to college for it's great.
Kayla from Lenox, MA
This school is very expensive but with the help of FAFSA and allying for scholarships, all i have to do it pay a Panther Payment Plan. It;s worth the money! And Work-study also helps with you're in financial need.
Angeline from Palm Springs, FL