Florida Institute of Technology-Online

www.fit.edu

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2021 Undergraduate Tuition

$12,240

2021 Average Net Price

$24,297

After Financial Aid

2019 Student Loan

0.838%

Default Rate

2021 Acceptance Rate

100%

147 Applicants

2021 Enrolled Students

1,461

39.4% Full-Time

About

Florida Institute of Technology-Online is a higher education institution located in Brevard County, FL. In 2021, the most popular Masters Degree concentrations at Florida Institute of Technology-Online were General Management Information Systems (73 degrees awarded), General Business Administration & Management (71 degrees), and Project Management (43 degrees).

In 2021, 616 degrees were awarded across all undergraduate and graduate programs at Florida Institute of Technology-Online. 53.6% of these degrees were awarded to women, and 46.4% awarded men. The most common race/ethnicity group of degree recipients was white (306 degrees), 2.2 times more than then the next closest race/ethnicity group, black or african american (139 degrees).

The median undergraduate tuition at Florida Institute of Technology-Online is $12,240, which is $−10,944 less than the national average for Masters Colleges and Universities ($23,184).

Masters Colleges & Universities: Larger Programs Masters Colleges and Universities

Costs

In 2021, the median undergraduate tuition at Florida Institute of Technology-Online is $12,240, which is $−10,944 less than the national average for Masters Colleges and Universities ($23,184).

After taking grants and loans into account, the average net price for students is $24,297.

In 2021, 71% of undergraduate students attending Florida Institute of Technology-Online received financial aid through grants. Comparatively, 58% of undergraduate students received financial aid through loans.

Tuition Costs

$12,240

2021 Undergraduate Tuition

In 2021, the cost of tuition at Florida Institute of Technology-Online was $12,240. The cost of tuition at Florida Institute of Technology-Online is $−10,944 less than than the overall (public and private) national average for Masters Colleges and Universities ($23,184).

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

Average Net Price

$24,297

2021 Value

2.18%

1 Year Growth

In 2021 Florida Institute of Technology-Online had an average net price — the price paid after factoring in grants and loans — of $24,297. Between 2020 and 2021, the average net price of Florida Institute of Technology-Online grew by 2.18%.

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.

Other Student Expenses

$13,180

Room and Board

$1,200

Books and Supplies

The average yearly cost of room and board at Florida Institute of Technology-Online was of $13,180 in 2021. The cost of room and board increased by 2.33% between 2020 and 2021.

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.

Financial Aid by Income Level

71%

Undergraduates Receiving Financial Aid through Grants

58%

Undergraduates Receiving Financial Aid through Loans

71% of undergraduate students at Florida Institute of Technology-Online received financial aid through grants or loans in 2021. This represents a growth of 5.97% with respect to 2020, when 67% 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.

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.

0.838%

2019 Default Rate

Number of Defaults

In 2019 the default rate for borrower's at Florida Institute of Technology-Online was 0.838%, which represents 17 out of the 2028 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.

Admissions

Florida Institute of Technology-Online received 147 undergraduate applications in 2021, which represents a 9.26% annual growth. Out of those 147 applicants, 147 students were accepted for enrollment, representing a 100% acceptance rate.

There were 1,461 students enrolled at Florida Institute of Technology-Online in 2021. 6% of first-time enrollees submitted SAT scores with their applications.

Florida Institute of Technology-Online has an overall enrollment yield of 33.3%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

100%

Acceptance Rate in 2021

147

Accepted Out of 147

In 2021, the undergraduate acceptance rate of Florida Institute of Technology-Online was 100% (147 admissions from 147 applications). This is approximately the same as the acceptance rate of 2020, which was 100%. Between 2020 and 2021, the number of applicants grew by 9.26%, while admissions declined by −9.26%..

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.

SAT Scores

Submission Percentage (2021)

Scores Submitted (2021)

6% of enrolled first-time students at Florida Institute of Technology-Online in 2021 submitted SAT scores with their applications.

This chart shows the SAT scores for the 25th and 75th percentile of applicants broken out into each section of the test that their are evaluated on.

Enrollment

Florida Institute of Technology-Online had a total enrollment of 1,461 students in 2021. The full-time enrollment at Florida Institute of Technology-Online is 576 students and the part-time enrollment is 885. This means that 39.4% 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 45.9% White, 21.1% Black or African American, 16.6% Hispanic or Latino, 5.61% Asian, 1.03% Two or More Races, 0.821% American Indian or Alaska Native, and 0.205% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Florida Institute of Technology-Online in full-time Undergraduate programs are most commonly White Female (29.4%), followed by White Male (17.1%) and Black or African American Female (13.7%). Students enrolled in full-time Graduate programs are most commonly Black or African American Male (21.4%), followed by White Female (21.4%) and White Male (14.3%).

Full-Time vs Part-Time Enrollment

39.4%

Full-Time Enrollment

The total enrollment at Florida Institute of Technology-Online in 2021, both undergraduate and graduate, is 1,461 students. The full-time enrollment at Florida Institute of Technology-Online is 576 and the part-time enrollment is 885. This means that 39.4% of students enrolled at Florida Institute of Technology-Online are enrolled full-time compared with 68.3% 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.

Retention Rate over Time

2021 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 6%. Compared with the full-time retention rate at similar Masters Colleges and Universities (73%), 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.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2021)

White
670 enrolled students
Black or African American
309 enrolled students
Hispanic or Latino
243 enrolled students

The enrolled student population at Florida Institute of Technology-Online is 45.9% White, 21.1% Black or African American, 16.6% Hispanic or Latino, 5.61% Asian, 1.03% Two or More Races, 0.821% American Indian or Alaska Native, and 0.205% Native Hawaiian or Other Pacific Islanders. 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 52% White, 16.9% Hispanic or Latino, and 12.8% 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, 112 students (7.67%) did not report their race.

Graduates

In 2021, 44 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 (306 degrees awarded). There were 2.2 times more white recipients than the next closest race/ethnicity group, black or african american (139 degrees).

The most common Masters Degree concentration at Florida Institute of Technology-Online is General Management Information Systems (73 degrees awarded), followed by General Business Administration & Management (71 degrees) and Project Management (43 degrees).

In 2021, 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 (43 degrees awarded), Business (354 degrees), and Psychology (71 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 (1,063,168 people), Other managers (840,475 people), Software developers (609,889 people), Financial managers (497,526 people), and Chief executives & legislators (410,305 people).

The most specialized majors at Florida Institute of Technology-Online in 2021 are Transportation (43 degrees awarded), Business (354 degrees), Psychology (71 degrees), Computer and Information Sciences and Support Services (70 degrees), and Protective Services (14 degrees) (as of 2021).

Highest Paying Jobs by Major

Physicians

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 Physicians, Surgeons, Cardiovascular technologists and technicians, Architectural & engineering managers, and Personal financial advisors

The most specialized majors at Florida Institute of Technology-Online are Transportation (43 degrees awarded), Business (354 degrees), Psychology (71 degrees), Computer and Information Sciences and Support Services (70 degrees), and Protective Services (14 degrees) (as of 2021).

Common Industries by Major

Computer Systems Design

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 Computer Systems Design (1,019,674 people), Elementary & secondary schools (850,314 people), Banking & related activities (560,899 people), Colleges, universities & professional schools, including junior colleges (552,328 people), and Justice, public order, & safety activities (538,576 people).

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 (2021)

General Management Information Systems
73 degree-majors awarded
General Business Administration & Management
71 degree-majors awarded
Project Management
43 degree-majors awarded

In 2021, the most common masters degree concentration at Florida Institute of Technology-Online was General Management Information Systems with 73 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.

Sex Breakdown for Common Majors

286

Degrees Awarded to Men

in 2021

330

Degrees Awarded to Women

in 2021

In 2021, 286 degrees were awarded to men at Florida Institute of Technology-Online, which is 0.867 times less than the number of degrees awarded to females (330).

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

Most Common Male Majors

In 2021, 51 degrees were awarded to men at Florida Institute of Technology-Online in General Management Information Systems, which is 1.89 times more than the 27 female recipients with that same degree.

Most Common Female Majors

In 2021, 59 degrees were awarded to men at Florida Institute of Technology-Online in Applied Psychology, which is 4.92 times more than the 12 male recipients with that same degree.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2021)

White
306 degrees awarded
Black or African American
139 degrees awarded
Hispanic or Latino
78 degrees awarded

The most common race/ethnicity at Florida Institute of Technology-Online is white (306 degrees awarded). There were 2.2 times more white recipients than the next closest race/ethnicity group, black or african american (139 degrees).

8.28% of degree recipients (51 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2021)

White Female
164 degrees awarded
White Male
142 degrees awarded
Black or African American Female
78 degrees awarded

The most common race/ethnicity and sex grouping at Florida Institute of Technology-Online is white female (164 degrees awarded). There were 1.15 times more white female recipients than the next closest race/ethnicity group, white male (142 degrees).

Operations

Florida Institute of Technology-Online employs 5 Assistant professors, 3 Associate professors and 2 Instructors. Most academics at Florida Institute of Technology-Online are Male Assistant professor (3), Female Associate professor (2), and Female Assistant professor (2).

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

$4.12M

2021 Salaries

7.17%

decline from 2020

In 2021, Florida Institute of Technology-Online paid a median of $4.12M in salaries, a 7.17% decline from the previous year.

The median for similar Masters Colleges and Universities is 35.1M (41.3% of overall expenditures).

Instructional Salaries

$968k

Instructional Salaries

Number of Employees

In 2020, Florida Institute of Technology-Online paid a total of $968k to 10 employees working as instructors, which represents 21.8% of all salaries paid.

This is compared to a median of $11M (31.3%) for similar Masters Colleges and Universities.

Occupations by Share

Assistant professor

Most Common Instructor

5 Employees

Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media

Most Common Non-Instructional Employee

2 Employees

In 2020, the most common positions for instructional staff at Florida Institute of Technology-Online were Assistant professor with 5 employees, Associate professor with 3 employees, and Instructor with 2 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.

Instructors by Academic Rank and Sex

Most Common Demographic (2020)

Male Assistant professor
Female Associate professor
Female Assistant professor

In 2020, the most common demographic for instructional staff at Florida Institute of Technology-Online was Male Assistant professor with 3 employees, Female Associate professor with 2 employees, and Female Assistant professor with 2 employees.

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