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#2 Best Private Colleges in Florida

Florida Tech Tuition & Cost

Melbourne, Florida

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How much does it cost to attend?

Sticker Price
$60,150
Costs for Florida Institute of Technology
Fee Cost
Tuition$41,720
Books and Supplies$1,200
Other Fees$750
Room and Board $12,880
Other Expenses Budget$3,600

Annual Prices

The annual list price to attend Florida Institute of Technology on a full time basis for 2018/2019 is $60,150 for all students regardless of their residency. This fee is comprised of $41,720 for tuition, $12,880 room and board, $1,200 for books and supplies and $750 for other fees. Out of state tuition for Florida Institute of Technology is $41,720, the same as Florida residents.

All price data is sourced from the 2019/2020 U.S. Department of Education National Center for Education Statistics survey.
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Net Price

Net price is indicative of what it actually costs to attend Florida Institute of Technology when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2018/2019
$32,776
Net Price by Income Florida Institute of Technology
Family Income Net Price Paid
$0 to $30,000$26,604
$30,001 to $48,000$27,860
$48,001 to $75,000$30,323
$75,001 to $110,000$32,188
$110,000+$35,539

The average reported annual net price for Florida Institute of Technology for students receiving grants or scholarship aid was $32,776 in 2018/2019. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

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Costs for Similar Colleges

Financial Aid

93% of full-time undergrad Florida Institute of Technology received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $26,006 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 46% of students received Federal Student Loans averaging $5,292 and 11% of undergrads took out private student loans averaging $22,844.

Finanical Aid Florida Institute of Technology
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $26,006 93%
Institutional Grants and Scholarships $20,991 93%
Pell Grants $4,726 25%
Other Federal Grants $1,012 24%
State and Local Grants $8,710 38%
Federal Student Loans $5,292 46%
Other Student Loans $22,844 11%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Florida Institute of Technology, we've modeled a ten year student loan with an original principal value of $115,752. The loan balance of $115,752 is a four year multiple of the $28,938 average net price. This is a estimate of what you could owe upon graduation if you were to qualify for average financial aid and what a degree really may cost. Should you not qualify for financial aid, you may owe significantly more when you graduate. Based on these assumptions, a monthly repayment of $1,104 could be required to satisfy your student loan.

Please note that financial aid is not guaranteed and is only available for qualifying students. Federal Student Loans are not grants and must be repaid with interest. The current Stafford loan interest rate is 2.75%.

Example Loan $115,752
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $1,104.40
Total Interest Paid $16,776.21
Sum of All Loan Payments $132,528.21

Projected 4 Year Degree Price

4 Year Sticker Price
$240,600
Year All Residents
1 $60,150
2 $61,597
3 $63,079
4 $64,597

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Florida Institute of Technology to be $240,600 - assuming graduation in normal time. The estimation assumes a 2.4% annual increase over the next 4 years which has been the recent trend for this school.

Credit Hour Cost and Price per Class

Credit Hour and Class Costs at Florida Institute of Technology
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $1,170 $3,510 $4,680

Estimated cost for a class at Florida Institute of Technology based on published credit hour prices. Note that not all schools allow single class enrollment. These prices should be used for comparison purposes as to how much it may cost to take a class at Florida Institute of Technology versus other colleges.

Tuition Payment Plans Available

Florida Institute of Technology Payment Plans
Tuition Payment Plan No
Prepaid Tuition Plan No
Alternative Tuition Plan No
Guaranteed Tuition Plan No

Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=133881 IPEDS survey data for Florida Institute of Technology.