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The Florida Institute of Technology is a small, private, not-for-profit higher learning institution founded in 1958. It is located in Melbourne, Florida, on the Atlantic coast not far from Orlando. Students can not only bask in the sun but enjoy small class sizes and a favorable student-to-faculty ratio of 14 to one. The overall student body consists of just over 6,200 students, including 3,600+ undergraduate students and over 2,600 graduate students.
Overview of Florida Institute of Technology
The population of the school is highly diverse and international. Classroom curriculums are centered around being research forward. Because the school is known for outstanding research, many graduate students are in pursuit of their doctoral degrees. Many students will also choose a pathway of cross-cultural competency certificates or to study abroad. And the university provides international offerings such as dining series, festivals, and students and scholar services all for international students from over 100 countries across the globe who are program participants at Florida Tech.
At Florida Tech, students are as diverse in their academics as they are in their everyday lives. It’s possible to select from a wide array of programs that produce outstanding career opportunities in various areas including aviation, innovation, engineering, aeronautics, leadership, and education. The majority of the degrees are based on STEM curriculum and all students have access to advanced laboratories and institutes for greater experiential learning opportunities. Students will also be able to participate in sports, as well as arts and cultural experiences.
|School Type||Private not-for-profit|
|Campus Setting||City: Small|
|Student Faculty Ratio||14:1|
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|High School GPA||Required|
|High School Rank||NA|
|High School Transcripts||Required|
|College Prep Courses||Recommended|
|TOEFL (Test of English as a Foreign Language)||Required|
|Common Application Accepted||Yes|
Tuition Cost & Financial Aid
As the premier STEM university in the state, combined with being located in a highly desirable coastal Florida town and the smaller class sizes, the Florida Institute of Technology has a significantly higher net price average over public state schools at $32,776. The tuition is the same for all students at $42,470; however, up to 93% of students accept financial aid of some sort such as grants, loans, and scholarships. Room and board, classroom supplies, books, fees, etc. are estimated to cost another $18,000.
For students who plan to explore everything Florida and the region have to offer, it will be essential to have additional funds to support such explorations. Additional costs will be necessary for those who wish to participate in study abroad programs, as well. And, if a student plans to go out at night, enjoys food off-campus, or buy new clothes, an entertainment and lifestyle budget will be essential.
|Average net price||2018-2019|
|Average Total Aid||$26,006|
|Students Receiving Financial Aid||93%|
|Room & Board||$12,880|
- Tuition In-State - $42,470
- Tuition Out-of-State - $42,470
- Books and Supplies - $1,200
- Room & Board - $12,880
- Other - $3,600
While Florida Tech considers itself Florida’s STEM University™, students have access to numerous academic pursuits in many types of dedicated colleges including the College of Psychology and Liberal Arts, Nathan Bisk College of Business, College of Aeronautics, and College of Engineering and Science. Exceptional students also have the opportunity to enroll in the honors college of interdisciplinary studies for an even greater competitive advantage over other graduates in their job search prior to graduation.
All programs focus on research and hands-on learning. As such, students have access to many centers, institutes, laboratories, libraries, and more, including the Buzz Aldrin Space Institute, the Center for Advanced Manufacturing & Innovative Design, Indian River Lagoon Research Institute, Harris Institute for Assured Information, and the Evans Library. It is possible for program participants to select between in-class, online, or hybrid learning opportunities.
Without a doubt, given the nature of the degree programs at Florida Tech, the graduation and retention rates are likely to be lower than most public colleges and universities. At Florida Tech, students can expect a 59% retention rate, a four-year 44% graduation rate, and a 59% six-year rate of graduation rate. As a way to help improve these statistics, the university offers academic support centers, disability services, mentors, counselors, and advisors.
Student Population Total
Most Popular Programs & Majors
(# of Diplomas Awarded by Subject)
|All Engineering Majors||368 Total Graduates / 47%|
|Mechanical Engineering||100 Graduates|
|Aerospace, Aeronautical and Astronautical/Space Engineering||74 Graduates|
|Electrical and Electronics Engineering||40 Graduates|
|Chemical Engineering||37 Graduates|
|All Business Majors||98 Total Graduates / 13%|
|International Business/Trade/Commerce||20 Graduates|
|Management Information Systems, General||20 Graduates|
|Marketing/Marketing Management, General||18 Graduates|
|Business Administration and Management, General||16 Graduates|
|Transportation and Materials Moving||79 Total Graduates / 10%|
|Aviation/Airway Management and Operations||50 Graduates|
|Aeronautics/Aviation/Aerospace Science and Technology, General||25 Graduates|
|Air Transportation, Other||4 Graduates|
|All Psychology Majors||56 Total Graduates / 7%|
|Forensic Psychology||30 Graduates|
|Psychology, General||18 Graduates|
|Applied Behavior Analysis||8 Graduates|
|All Computer Information Science Majors||46 Total Graduates / 6%|
|Computer Science||46 Graduates|
|All Other Diplomas||17%|
Outcome & Salary
Florida Tech features a variety of career development services to help students secure optimal positions upon graduation at a rate of 95% job placement and graduate school enrollment. The Office of Career Services works with both students and alums to enhance career opportunities in the long term rather than simply just as someone graduates. Students will create career plans and develop critical job searching skills at the career services center.
Internships and co-ops are also available for students, along with part-time jobs, on-campus employment, and federal work-study programs that all provide relevant work experience. The campus also hosts numerous events and activities, such as career fairs and branding opportunities for potential employers.
|College Grads Early Career Salary||$58,300|
|College Grads Average Salary||$77,743|
|College Grads Mid Career Salary||$105,400|
|Return on Investment (ROI)|
|10 Year Salary Earnings Potential||$777,430|
|20 Year Salary Earnings Potential||$1,831,430|
|Cost of Education (Net Price) 4 Year||$131,104|
|10 Year Projected ROI||$646,326|
|20 Year Projected ROI||$1,700,326|
|No College Education Salary Comparison|
|National Average Salary||$38,792|
|10 Year Projected Income||$387,920|
|20 Year Projected Income||$775,840|
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