Florida Institute of Technology

Private, Four-years School Located in Melbourne, FL

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How much is the Florida Tech tuition? For the academic year 2023-2024, Florida Tech's tuition & fees is $44,360.
With indirect costs not billed by school, such as room & boards and personal living expenses, the total cost of attendance for one academic year is $61,706 when a student lives on-campus.

Florida Tech Tuition & Expenses

2022-2023 Rate
Tuition & Fees$44,360
Books & Supplies Costs$1,200
On-campus Room & Board$12,546
On-campus Expenses$3,600
Off-campus Room & Board$12,340
Off-campus Expenses$3,600
2023-2024 Projection
Tuition & Fees$42,770

How Much Does it Cost to Go to Florida Tech for 4 Years?

For the class of 2027, who entering colleges in 2023, the 4 years tuition & fees is $184,561 at Florida Tech. The estimated tuition rate is based on the changes over last 5 years. With room & board, books, and other personal expenses, the estimated 4 years costs of attendance is $276,436. After receiving financial aid including grants, scholarships, and/or student loans, the 4 years COA is down to $173,459.
The following table computes the 4 years tuition and COA by class of year.
College YearTuition & FeesCOAAfter Financial Aid
Freshmen (2023-24)$45,061$63,566$38,423
Sophomore (2024-25)$45,773$66,981$41,441
Junior (2025-26)$46,496$70,802$44,859
Senior (2026-27)$47,231$75,087$48,735
4 Years Total$184,561$276,436$173,459
College YearTuition & FeesCOAAfter Financial Aid
Freshmen (2024-25)$45,773$66,981$41,441
Sophomore (2025-26)$46,496$70,802$44,859
Junior (2026-27)$47,231$75,087$48,735
Senior (2027-28)$47,977$79,903$53,134
4 Years Total$187,477$292,773$188,169
College YearTuition & FeesCOAAfter Financial Aid
Freshmen (2025-26)$46,496$70,802$44,859
Sophomore (2026-27)$47,231$75,087$48,735
Junior (2027-28)$47,977$79,903$53,134
Senior (2028-29)$48,735$85,325$58,133
4 Years Total$190,439$311,117$204,860
College YearTuition & FeesCOAAfter Financial Aid
Freshmen (2026-27)$47,231$75,087$48,735
Sophomore (2027-28)$47,977$79,903$53,134
Junior (2028-29)$48,735$85,325$58,133
Senior (2029-30)$49,505$91,440$63,818
4 Years Total$193,448$331,755$223,819
College YearTuition & FeesCOAAfter Financial Aid
Freshmen (2027-28)$47,977$79,903$53,134
Sophomore (2028-29)$48,735$85,325$58,133
Junior (2029-30)$49,505$91,440$63,818
Senior (2030-31)$50,287$98,348$70,290
4 Years Total$196,504$355,015$245,374

Average Tuition By School Type and Comparison

Compared to four-years schools nationwide, Florida Tech' tuition is much higher than the average tuition of $20,937. Compared to private, four-years colleges in Florida, its tuition is much higher than the average tuition of $19,195.
In-StateOut-of-State
Florida Institute of Technology$44,360
U.S. Four-years Colleges$18,672
Public Schools$7,199$12,960
Private Schools$20,937
Florida Four-years Colleges$17,068
Public Schools$4,190$8,844
Private Schools$19,195

Financial Aid and COA

At Florida Institute of Technology, 2,803 students (80%) received grant or scholarship from the federal government, state or local government, the institution, and other sources. The average amount of grant/scholarship received is $24,751.
After receiving financial aid, the cost of attendance (COA) at Florida Tech is $36,955 for students living on-campus and $36,749 for students living off-campus.
For beginning students (i.e. first-time freshmen), 735 students received any type of financial aid including grants/scholarship and student loans. The average amount of grant/scholarship for the first-time students is $27,218 and the average amount of student loans is $10,351.
The financial aid data is based on 2021-2022 statistics from IPEDS.
COA (on-campus)$61,706
COA (off-campus)$61,500
Tuition & Fees$44,360
Indirect Costs (on-campus)$17,346
Indirect Costs (off-campus)$17,140
COA (on-campus) after Receiving Aid$36,955
COA (off-campus) after Receiving Aid$36,749
Average Financial Aid$24,751
Type of AidNumber Receiving AidPercent Receiving AidAverage Amount of Aid Received
Grant or Scholarship2,80380%$24,751
Pell Grants70920%$4,909
Federal Student Loan1,39340%$6,575
Type of AidNumber Receiving AidPercent Receiving AidAverage Amount of Aid Received
Any Financial Aid73598%-
Grants or Scholarships73598%$27,218
Federal Grants47463%$5,371
Pell Grants17223%$4,946
Other Federal Grants46862%$3,622
State/Local Grants34946%$6,992
Institutional Grants73397%$20,490
Student Loan Aid40053%$10,351
Federal Student Loans38351%$5,410
Other Student Loans9212%$22,480

Admission Stats and Requirements to Apply

Florida Tech's acceptance rate is 65.88%. A total of 10,650 applicants applied to and 7,016 students were accepted. Of the admitted students, 756 enrolled finally, and the yield (i.e. enrollment rate) is 10.78%.
To apply to Florida Tech, 4 items are required - Secondary school GPA, Secondary school record, Admission test scores and TOEFL (Test of English as a Foreign Language) and 2 items are recommended to submit - Secondary school rank and Completion of college-preparatory program.
TotalMenWomen
Applicants10,6506,412$4,238
Admitted7,0164,344$2,672
Enrolled756530$226
Acceptance Rate65.88%67.75%63.05%
Yield (Enrollment Rate)10.78%12.20%8.46%
Secondary school GPARequired
Secondary school rankRecommended
Secondary school recordRequired
Completion of college-preparatory programRecommended
RecommendationsConsidered But Not Required
Formal demonstration of competenciesNeither Required Nor Recommended
Admission test scoresRequired
TOEFL (Test of English as a Foreign Language)Required
Other Test (Wonderlic, WISC-III, etc.)Neither Required Nor Recommended

SAT and ACT Scores

The SAT and ACT scores are required to apply to Florida Tech. The average SAT score of the enrolled first-time students is 1,240 and the average ACT score (ACT composite) is 27.
Its SAT score is similar to the national average score of 1,168. The ACT score is similar to the national average score of 24.
Average25th75th
SAT Total1,2401,1401,340
National Average1,168
Florida Average1,154
SAT EBRW620570670
SAT Math620570670
ACT Composite272430
National Average24
Florida Average24
ACT Math262328
ACT English262230

Student Population

Florida Institute of Technology has a total of 8,315 students including 3,364 undergraduate and 4,951 graduate students. By gender, there are 3,970 male students and 3,860 female students attending Florida Tech. The school offers online degree programs and 3,278 students enrolled online exclusively (39.42% of all students).
TotalMaleFemale
Total7,830 3,9703,860
Undergraduate3,491 2,4221,069
Graduate4,339 1,5482,791

Directory & Academic Information

Directory Information
Address150 West University Boulevard, Melbourne, FL
Phone321-674-8000
WEBhttps://www.fit.edu/
Degree & Programs
DegreeUndergraduate, Graduate
Program Offered165 Programs
Online Program Offered2 Online Programs
Graduate Program Offered91 Graduate Programs
Academic Stats
Acceptance Rate64.37%
Yield8.67%
Student Population8,315
Graduation Rate67%
Retention Rate75%
Students to Faculty Ratio Rate14 to 1
Faculty & Staffs
Number of Faculties272 (Full-time), 177 (Part-time)
Number of Staffs854 (Full-time), 209 (Part-time)
Average Faculty Salary$89,385
Average Staff Salary$53,050