Florida Institute of Technology-Online

www.fit.edu

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2023 Undergraduate Tuition
$12,240
2023 Average Net Price
$24,146
After Financial Aid
2020 Default Rate
0.0543%
on Student Loans
2023 Acceptance Rate
44.4%
189 Applicants
2023 Enrolled Students
1,071
35.6% Full-Time

About

Florida Institute of Technology-Online is a higher education institution located in Brevard County, FL. In 2023, the most popular Masters Degree concentrations at Florida Institute of Technology-Online were General Management Information Systems (54 degrees awarded), General Business Administration & Management (42 degrees), and Project Management (27 degrees).

In 2023, 460 degrees were awarded across all undergraduate and graduate programs at Florida Institute of Technology-Online. 50% of these degrees were awarded to women, and 50% awarded men. The most common race/ethnicity group of degree recipients was white (224 degrees), 2.91 times more than then the next closest race/ethnicity group, black or african american (77 degrees).

The median undergraduate tuition at Florida Institute of Technology-Online is $12,240, which is $−12,335 less than the national average for Masters Colleges and Universities ($24,575).

In 2020 the default rate for borrower's at Florida Institute of Technology-Online was 0.0543%, corresponding to 1 out of the 1,840 total borrowers.

Masters Colleges & Universities: Larger ProgramsMasters Colleges and Universities

Costs

In 2023, the median undergraduate tuition at Florida Institute of Technology-Online is $12,240, which is $12,335 less than the national average for Masters Colleges and Universities ($24,575).

After taking grants and loans into account, the average net price for students is $24,146.

In 2023, 71% of undergraduate students attending Florida Institute of Technology-Online received financial aid through grants. Comparatively, 61% of undergraduate students received financial aid through loans.

Tuition Costs

$12,240
2023 Undergraduate Tuition

In 2023, the cost of tuition at Florida Institute of Technology-Online was $12,240. The cost of tuition at Florida Institute of Technology-Online is $−12,335 less than than the overall (public and private) national average for Masters Colleges and Universities ($24,575).

This chart compares the tuition costs of Florida Institute of Technology-Online (in red) with those of other similar universities.

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Average Net Price

$24,146
2023 Value
0.129%
1 Year Growth

In 2023 Florida Institute of Technology-Online had an average net price — the price paid after factoring in grants and loans — of $24,146. Between 2022 and 2023, the average net price of Florida Institute of Technology-Online grew by 0.129%.

This chart compares the average net price of Florida Institute of Technology-Online (in red) with that of other similar universities.

Average net price is calculated from full-time beginning undergraduate students who were awarded a grant or scholarship from federal, state or local governments, or the institution.

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Other Student Expenses

$13,798
Room and Board
$1,200
Books and Supplies

The average yearly cost of room and board at Florida Institute of Technology-Online was of $13,798 in 2023. The cost of room and board increased by 3% between 2022 and 2023.

During the same period, the average yearly cost of books and supplies was $1,200. The cost of books and supplies did not change during the same period.

This chart compares the average student costs at Florida Institute of Technology-Online (in red) with that of similar universities.

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Financial Aid by Income Level

71%
Undergraduates Receiving Financial Aid through Grants
61%
Undergraduates Receiving Financial Aid through Loans

71% of undergraduate students at Florida Institute of Technology-Online received financial aid through grants or loans in 2023. This represents a growth of 4.41% with respect to 2022, when 68% of undergraduate students received financial aid.

This chart compares the average award discount at Florida Institute of Technology-Online (in red) with that of other similar universities.

The average award discount is the ratio between the average grant or scholarship value, and the cost, which is the sum of out-of-state tuition, room, board, book, supplies, and other expenses.

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Student Loan Default Rate

Cohort default rates only account for borrowers who default in the first three years, and some schools only have a small proportion of borrowers entering repayment. These rates should be interpreted with caution, as they may not be reflective of the entire school population.
0.0543%
2020 Default Rate
1
Number of Defaults

In 2020 the default rate for borrower's at Florida Institute of Technology-Online was 0.0543%, which represents 1 out of the 1840 total borrowers.

A cohort default rate is the percentage of a school's borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year.

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Admissions

Florida Institute of Technology-Online received 189 undergraduate applications in 2023, which represents a 67.3% annual growth. Out of those 189 applicants, 84 students were accepted for enrollment, representing a 44.4% acceptance rate.

There were 1,071 students enrolled at Florida Institute of Technology-Online in 2023. 9% of first-time enrollees submitted SAT scores with their applications.

Florida Institute of Technology-Online has an overall enrollment yield of 38.1%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

44.4%
Acceptance Rate in 2023
84
Accepted Out of 189

In 2023, the undergraduate acceptance rate of Florida Institute of Technology-Online was 44.4% (84 admissions from 189 applications). This is lower than the acceptance rate of 2022, which was 92%. Between 2022 and 2023, the number of applicants grew by 67.3%, while admissions declined by 19.2%.

This chart compares the acceptance rate of Florida Institute of Technology-Online (in red) with that of other similar universities, and the chart below shows the acceptance rate by gender.

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SAT Scores

9%
Submission Percentage (2023)
3
Scores Submitted (2023)

9% of enrolled first-time students at Florida Institute of Technology-Online in 2023 submitted SAT scores with their applications.

The following chart shows the average SAT scores for the 25th, 50th, and 75th percentile of applicants for each section of the test that they are evaluated on.

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Enrollment

Florida Institute of Technology-Online had a total enrollment of 1,071 students in 2023. The full-time enrollment at Florida Institute of Technology-Online is 381 students and the part-time enrollment is 690. This means that 35.6% of students enrolled at Florida Institute of Technology-Online are enrolled full-time.

The enrolled student population at Florida Institute of Technology-Online, both undergraduate and graduate, is 47.3% White, 18.1% Hispanic or Latino, 16.8% Black or African American, 4.39% Asian, 1.96% Two or More Races, 0.373% Native Hawaiian or Other Pacific Islanders, and 0.373% American Indian or Alaska Native.

Students enrolled at Florida Institute of Technology-Online in full-time Undergraduate programs are most commonly White Female (30.9%), followed by White Male (16.2%) and Hispanic or Latino Female (13.4%). Students enrolled in full-time Graduate programs are most commonly Black or African American Male (25%), followed by Black or African American Female (20%) and White Male (15%).

Full-Time vs Part-Time Enrollment

35.6%
Full-Time Enrollment

The total enrollment at Florida Institute of Technology-Online in 2023, both undergraduate and graduate, is 1,071 students. The full-time enrollment at Florida Institute of Technology-Online is 381 and the part-time enrollment is 690. This means that 35.6% of students enrolled at Florida Institute of Technology-Online are enrolled full-time compared with 68.2% at similar Masters Colleges and Universities.

This chart shows the full-time vs part-time enrollment status at Florida Institute of Technology-Online (in red) compares to similar universities.

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Retention Rate over Time

22%
2023 Retention Rate

Retention rate measures the number of first-time students who began their studies the previous fall and returned to school the following fall. The retention rate for full-time undergraduates at Florida Institute of Technology-Online was 22%. Compared with the full-time retention rate at similar Masters Colleges and Universities (74%), Florida Institute of Technology-Online had a retention rate lower than its peers.

This chart shows the retention rate over time at Florida Institute of Technology-Online (highlighted in red) compares to similar universities.

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2023)
  1. White
    507 enrolled students
  2. Hispanic or Latino
    194 enrolled students
  3. Black or African American
    180 enrolled students

The enrolled student population at Florida Institute of Technology-Online is 47.3% White, 18.1% Hispanic or Latino, 16.8% Black or African American, 4.39% Asian, 1.96% Two or More Races, 0.373% Native Hawaiian or Other Pacific Islanders, and 0.373% American Indian or Alaska Native. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Masters Colleges and Universities is 50.1% White, 17.7% Hispanic or Latino, and 13.4% Black or African American.

Any student who is studying in the United States on a temporary basis is categorized as a "Non-Resident Alien", and the share of those students are shown in the chart below. Additionally, 88 students (8.22%) did not report their race.

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Graduates

In 2023, 0 more women than men received degrees from Florida Institute of Technology-Online. The most common race/ethnicity group of degree recipients at Florida Institute of Technology-Online is white (224 degrees awarded). There were 2.91 times more white recipients than the next closest race/ethnicity group, black or african american (77 degrees).

The most common Masters Degree concentration at Florida Institute of Technology-Online is General Management Information Systems (54 degrees awarded), followed by General Business Administration & Management (42 degrees) and Project Management (27 degrees).

In 2023,  the most specialized majors across all degree types at Florida Institute of Technology-Online, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Transportation (36 degrees awarded), Business (271 degrees), and Psychology (51 degrees).

Common Jobs by Major

Accountants & auditors
Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Florida Institute of Technology-Online are Accountants & auditors (1,050,980 people), Other managers (925,784 people), Software developers (744,326 people), Financial managers (551,833 people), and Chief executives & legislators (458,135 people).

The most specialized majors at Florida Institute of Technology-Online in 2023 are Transportation (36 degrees awarded), Business (271 degrees), Psychology (51 degrees), Computer and Information Sciences and Support Services (55 degrees), and Protective Services (9 degrees) (as of 2023).

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Highest Paying Jobs by Major

Surgeons
Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Florida Institute of Technology-Online are Surgeons, Physicians, Cardiovascular technologists and technicians, Architectural & engineering managers, and Personal financial advisors

The most specialized majors at Florida Institute of Technology-Online are Transportation (36 degrees awarded), Business (271 degrees), Psychology (51 degrees), Computer and Information Sciences and Support Services (55 degrees), and Protective Services (9 degrees) (as of 2023).

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Common Industries by Major

General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals
Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Florida Institute of Technology-Online are General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (1,991,172 people), Computer Systems Design (1,105,055 people), Elementary & secondary schools (1,044,133 people), Colleges, universities & professional schools, including junior colleges (678,356 people), and Banking & related activities (567,217 people).

The most specialized majors at Florida Institute of Technology-Online are Transportation (36 degrees awarded), Business (271 degrees), Psychology (51 degrees), Computer and Information Sciences and Support Services (55 degrees), and Protective Services (9 degrees) (as of 2023).

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Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Florida Institute of Technology-Online.
Most Common (2023)
  1. General Management Information Systems
    54 degrees awarded
  2. General Business Administration & Management
    42 degrees awarded
  3. Project Management
    27 degrees awarded

In 2023, the most common masters degree concentration at Florida Institute of Technology-Online was General Management Information Systems with 54 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from masters degree programs at Florida Institute of Technology-Online according to their major.

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Sex Breakdown for Common Majors

230
Degrees Awarded to Men
in 2023
230
Degrees Awarded to Women
in 2023

In 2023, 230 degrees were awarded to men at Florida Institute of Technology-Online, which is 1 times approximately the same the number of degrees awarded to females (230).

This chart displays the sex disparity between the top 5 majors at Florida Institute of Technology-Online by degrees awarded.

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Most Common Male Majors

In 2023, 44 degrees were awarded to men at Florida Institute of Technology-Online in General Business Administration & Management, which is 1.63 times more than the 27 female recipients with that same degree.

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Most Common Female Majors

In 2023, 42 degrees were awarded to men at Florida Institute of Technology-Online in Applied Psychology, which is 4.67 times more than the 9 male recipients with that same degree.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2023)
  1. White
    224 degrees awarded
  2. Black or African American
    77 degrees awarded
  3. Hispanic or Latino
    75 degrees awarded

The most common race/ethnicity at Florida Institute of Technology-Online is white (224 degrees awarded). There were 2.91 times more white recipients than the next closest race/ethnicity group, black or african american (77 degrees).

7.61% of degree recipients (35 students) did not report their race.

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Race & Ethnicity by Sex

Most Common Sex Demographic (2023)
  1. White Male
    112 degrees awarded
  2. White Female
    112 degrees awarded
  3. Black or African American Female
    41 degrees awarded

The most common race/ethnicity and sex grouping at Florida Institute of Technology-Online is white male (112 degrees awarded). There were 1 times more white male recipients than the next closest race/ethnicity group, white female (112 degrees).

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Operations

Florida Institute of Technology-Online employs 1 Assistant professors, 1 Associate professors. Most academics at Florida Institute of Technology-Online are Female Assistant professor (1), Female Associate professor (1), and Male Associate professor (0).

The most common positions for non-instructional staff at Florida Institute of Technology-Online are: Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 2 employees, and Office and Administrative Support, with 1 employees.

Salary Expenditure

$12.8k
2023 Salaries
99%
decline from 2022

In 2023, Florida Institute of Technology-Online paid a median of $12.8k in salaries, a 99% decline from the previous year. This is compared to a 69.2% decline between 2021 and 2022, and a 7.17% decline between 2020 and 2021.

The median for similar Masters Colleges and Universities is 36.1M (39.6% of overall expenditures).

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Instructional Salaries

$152k
Instructional Salaries
2
Number of Employees

In 2023, Florida Institute of Technology-Online paid a total of $152k to 2 employees working as instructors, which represents 1.18k% of all salaries paid.

This is compared to a median of $1.12M (2.97%) for similar Masters Colleges and Universities.

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Occupations by Share

Assistant professor
Most Common Instructor
1 Employees
Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media
Most Common Non-Instructional Employee
2 Employees

In 2023, the most common positions for instructional staff at Florida Institute of Technology-Online were Assistant professor with 1 employees, and Associate professor with 1 employees.

In 2021, the most common positions for non-instructional staff at Florida Institute of Technology-Online were Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 2 employees, Office and Administrative Support with 1 employees.

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Instructors by Academic Rank and Sex

Most Common Demographic (2023)
  1. Female Assistant professor
  2. Female Associate professor
  3. Male Associate professor

In 2023, the most common demographic for instructional staff at Florida Institute of Technology-Online was Female Assistant professor with 1 employees, Female Associate professor with 1 employees, and Male Associate professor with 0 employees.

This chart shows the sex split between each academic rank present at Florida Institute of Technology-Online.

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