For the 2022-23 school year, tuition at the Florida Institute of Technology rose by 1%, as revealed in the latest report, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the four-year private nonprofit university paid $43,670 this year, an increase of $424 from the $43,246 charged during the 2021-22 academic year.
Approximately 38% of the undergraduate student body are residents of Florida. Students from other U.S. states make up about 53%, while international students account for roughly 7%.
Data indicates that all full-time undergraduates who began their studies at the Florida Institute of Technology in 2022-23 received some form of financial aid. A total of 772 students were awarded grants or scholarships amounting to $18.5 million, and 385 students borrowed more than $4.2 million in student loans.
Across the entire undergraduate population, 2,757 students received grants or scholarships totaling $67.3 million. Additionally, 1,339 students took out federal student loans exceeding $8.7 million.
Undergraduate education costs have seen a significant increase over the past few decades. Data shows a 169% rise in the average total cost, including tuition, fees, room, and board, between 1980 and 2020.
According to a 2023 College Board report, in-state students at public universities paid an average of $11,260, while out-of-state students paid $29,150 in the 2023-24 academic year.
Meanwhile, student loan debt has steadily increased over the last 30 years, reaching $1.75 trillion in 2024, averaging a total of $28,950 per borrower. Federal loans make up 92% of the debt, with over half of students at both public and private four-year colleges graduating with student loans.
Available data sometimes exceeds 100% due to rounding and administrative calculations.
| Type of Aid | Number of students awarded aid | Percent awarded aid | Total amount of aid awarded | Average amount of aid per student |
|---|---|---|---|---|
| Federal grants | 178 | 23% | $1.2 million | $6,537 |
| State / local grant or scholarship | 276 | 36% | $1.6 million | $5,885 |
| Institutional grants or scholarships | 771 | 99% | $15.7 million | $20,368 |
| Grant or scholarship aid total | 772 | 100% | $18.5 million | $23,953 |
| Federal student loans | 369 | 48% | $1.9 million | $5,225 |
| Other student loans | 87 | 11% | $2.3 million | $25,970 |
| Student loan aid | 385 | 50% | $4.2 million | $10,877 |
| Total student aid | 772 | 100% | $22.7 million | $29,377 |
