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National Application Center :: campus tours :: Florida Institute of Technology costs & financial aid

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Florida Institute of Technology

Florida Institute of Technology
150 West University Boulevard
Melbourne, FL 32901-6975

Official telephone: (321) 674-8000
Toll-free telephone: (800) 888-4348
Fax number: (321) 984-8461
Website: www.fit.edu
Screen last updated on: December 2016

The financial aid information below is valid for the 2015 academic year.

FINANCIAL AID OFFICE
Financial aid officer: Jay Lally,
Director of Student Financial Aid
Contacting the office: 321 674-8070
800 666-4348 (toll free)
321 724-2778 (fax)
finaid@fit.edu
FAFSA number: 001469

EXPENSES
Undergraduate tuition: $39,696; $39,696 out-of-state
Additional required fees: $750
Book fees: $1,200

APPLYING FOR AID

Required form Priority date Rolling? Closing date
FAFSAMarch 1yesN/A
CSS/Financial Aid PROFILEMarch 1yesN/A

Date award notification begins: February 15
Applied for financial aid:
68% of first-year students
56% of full-time undergraduates
39% of part-time undergraduates
Determined to have financial need:
87% of first-year students
90% of full-time undergraduates
85% of part-time undergraduates
Students determined to have financial need who received any financial aid:
100% of first-year students
100% of full-time undergraduates
91% of part-time undergraduates
Students determined to have financial need who received any need-based gift aid:
100% of first-year students
99% of full-time undergraduates
12% of part-time undergraduates
Students receiving financial aid who received need-based self-help aid:
69% of first-year students
72% of full-time undergraduates
62% of part-time undergraduates
Students receiving financial aid who received any non-need-based gift aid:
100% of first-year students
97% of full-time undergraduates
55% of part-time undergraduates
Students receiving financial aid whose need was fully met (excluding PLUS loans and private alternative loans):
40% of first-year students
34% of full-time undergraduates
2% of part-time undergraduates
Average percent of need that was met of students who received any need-based aid (excluding PLUS loans and private alternative loans):
87% for first-year students
83% for full-time undergraduates
39% for part-time undergraduates
Average financial aid package (excluding PLUS loans and private alternative loans):
$36,816 for first-year students
$35,826 for full-time undergraduates
$13,176 for part-time undergraduates
Average need-based gift award:
$27,045 for first-year students
$24,871 for full-time undergraduates
$7,888 for part-time undergraduates
Average need-based self-help award (excluding PLUS loans and private alternative loans):
$4,260 for first-year students
$5,356 for full-time undergraduates
$4,154 for part-time undergraduates
Average need-based loan (excluding PLUS loans and private alternative loans):
$3,436 for first-year students
$4,572 for full-time undergraduates
$3,791 for part-time undergraduates
Students who had no financial aid need and who received non-need-based aid (excluding athletic awards and tuition benefits):
33% of first-year students
32% of full-time undergraduates
6% of part-time undergraduates
Average award to students who had no financial aid need and who received non-need-based aid (excluding athletic awards and tuition benefits):
$16,191 for first-year students
$14,838 for full-time undergraduates
$4,247 for part-time undergraduates
Students who received a non-need-based athletic award:
5% of first-year students
5% of full-time undergraduates
0% of part-time undergraduates
Average non-need-based athletic award:
$23,249 for first-year students
$21,101 for full-time undergraduates
$0 for part-time undergraduates
School participates in Federal Work-Study Program: yes
Percent of students who received aid that participated in Federal Work Study: 15%

TYPES OF AID AVAILABLE
Types of loans available:
  • Direct Subsidized Stafford Loans
  • Direct Unsubsidized Stafford Loans
  • Direct PLUS Loans
  • FFEL Subsidized Stafford Loans
  • FFEL Unsubsidized Stafford Loans
  • FFEL PLUS Loans
  • Federal Perkins Loans
Parent loans packaged to meet need: yes
First-year loan package range: $2,000 - $43,500
Undergraduate loan package range: $750 - $62,340
Percent of undergraduates who have borrowed through all loan programs: 51%
Average student debt upon graduation: $36,015
Types of payment plans:
  • deferred payment plan
  • school's own payment plan(s)
  • ; tuition remission for university employees and their dependents.
Need-based scholarships/grants available:
  • need-based (general)
  • Federal Pell Grants
  • SEOG
  • state scholarships/grants
  • college/university scholarships/grants (institutional funds)
  • private scholarships/grants
Non-need-based scholarships/grants available:
  • non-need-based (general)
  • state scholarships/grants
  • academic merit scholarships/grants
  • athletic scholarships
  • ROTC scholarships
  • alumni affiliation-state/district residency scholarships.
First-year scholarship/grant award range: $11,000 - $50,447
Undergraduate scholarship/grant award range: $1,000 - $53,437
Percent of scholarship aid awarded to out-of-state students: 37%

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