Florida Institute
of Technology
Private Research University in Melbourne, FL. Six-year graduation rate 63%. Median 10-year earnings $43,137.
The median ten-year earnings figure of $43,137 sits near the national middle rather than at either extreme. 63% finish within six years — respectable, though a meaningful share still leave without a credential. Graduates leave owing a median of $27,000 — a substantial load to service on these earnings.
Earnings: College Scorecard, median ten years after entry across students who received federal aid — completers and non-completers alike.
- ✓ 3-year loan default 0.0% — below national benchmark
- ! Debt-to-income ratio 0.63 — elevated (above 0.60)
Admissions
Florida Institute of Technology admits 58% of applicants and is genuinely selective — roughly two in five applicants are turned away. The applicant pool is large — 17,295 in the most recent cycle — so the published rate reflects genuine competition rather than a small-sample quirk. A 9% yield rate is low: the admitted pool is much larger than the entering class. Read the score bands below as the middle 50% of submitted scores, not a threshold to clear.
Test score bands (middle 50% of submitters)
These bands describe the enrolled first-years who submitted a score, not the entering class. Where most students apply test-optional the submitters are a self-selected, higher-scoring group.
| Test | 25th–75th percentile | Submitted |
|---|---|---|
| SAT Evidence-Based Reading | 560–660 | 680 (72%) |
| SAT Math | 560–660 | |
| ACT Composite | 23–28 | 291 (31%) |
IPEDS Admissions · 2024
Apply at Florida Institute of Technology →Academics
Six-year completion sits at 63%, meaning about two in five students who enroll leave without finishing. 80% of full-time first-years return for a second year — a healthy figure. Retention and graduation track closely, so most of the attrition shows up in the first year rather than after it. Transfer-out runs to 25% — common enough at this school that the completion rate is measuring a smaller group than the entering class. At 13:1, students get materially more instructor contact than at a typical public university.
Financial Aid
IPEDS Student Financial Aid · 2023-24 · grant and loan rates against 3,235 degree- or certificate-seeking undergraduates
Net price averages $37,361 annually, so cost is the first thing to weigh here. Aid is steeply need-based: families in the $0–30k band pay $29,108 while those at $110k+ pay $40,649. 91% of students get grant aid averaging $25,572, so the published price is a poor guide to what most pay. Federal borrowing reaches 43% of students.
Entering first-year students
A different, smaller group than the rates above: full-time students in their first year of college anywhere. The grant series here also excludes the "other sources" counted in the all-undergraduate figure, so the two are not comparable.
IPEDS Student Financial Aid · 2023-24 · 880 students
Net price by family income
The same students as the headline above, limited to those who received Title IV federal aid — a narrower group, with a lower overall average. IPEDS publishes no combined figure across these bands, so they should not be averaged into one.
| Family income band | Average net price |
|---|---|
| $0–30k | $29,108 |
| $30–48k | $29,213 |
| $48–75k | $31,311 |
| $75–110k | $36,466 |
| $110k+ | $40,649 |
IPEDS Student Financial Aid · 2023-24
Federal student loans went to 1,386 of these 3,235 students, totalling $8,865,363 — an average of $6,396 each.
IPEDS Student Financial Aid · 2023-24
Local housing costs
Typical rents near campus (Brevard County) — budget these against any cost-of-attendance housing estimate.
HUD Fair Market Rents (40th-percentile gross rent incl. utilities) · FY2026
Veterans & GI Bill
VA GI Bill Comparison Tool (Veterans Affairs GIDS)