Florida Institute of Technology Tuition 2024| The College Monk

$41,100

Tuition

$59,530

Cost of Attendance

$34,139

Net Price

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Florida Institute of Technology Tuition and Fees

Florida Institute of Technology is a prominent educational institution known for offering a range of undergraduate, postgraduate, and doctoral programs in a wide assortment of streams, providing quality training to students. The tuition fees charged at FIT is quite high compared to the expense of education at most institutions. As per the 2020 - 2021 official information, the average cost for the undergraduate courses offered at the college adds up to about $42,470, which includes the total tuition fees and other expenses. While housing costs $12,880, the charges for books and supplies and other expenses stand at $1,200 and $3,600, respectively.

Total Cost of Attendance

Student type	In-state	Out-State
Tuition & Fees	$41,850	$41,850
Book & Supplies	$1,200	$1,200
Room & Board cost	$12,880	$12,880
Other Expenses	$3,600	$3,600
Total Cost of Attendance	$59,530	$59,530

Students should understand that the tuition fees charged for their degree programs is not the only expense that is involved in the cost of attending the university. There are several other expenses that are involved in the cost of attending the university, which primarily includes housing, dining, textbooks, supplies, and the cost of living. For students attending the university, the total tuition and fees for one year add up to about $42,470. Other than that, they will need to shell out an amount of $1,200 for books and supplies, $12,880 for room and boarding charges, and $3,600 toward other expenses on average in a year. So, the overall cost of attending FIT comes out to be about $60,150 per year, according to the most recent information available.

Average Net Price by Family Income

Net Price

$34,139

Family Income

Avg. Net Price

$0 to $30,000

$28,408

$30,001 to $48,000

$27,551

$48,001 to $75,000

$31,145

$75,001 to $110,000

$33,129

$110,000+

$37,092

The net cost of attending Florida Institute of Technology – the actual amount that students and their families are required to pay in a given year – varies depending on the candidate's annual family income. Generally, the higher the family income of the candidate, the higher is the net amount to be paid. Simply put, the family income of the candidate is a key factor in determining the net amount. At FIT, the average net price is estimated to be $32,776. For students with a family income below $30,000, the estimated net price is $26,604, while for the individuals who fall in the $30,001-$48,000 income bracket, the net cost is $27,860. Meanwhile, the net price stands at $30,323 for the $48,001-$75,000 income bracket and at $32,188 for an income between $75,001 and $110,000. This amount adds up to $35,539 for students whose annual family income is more than $110,000.

Student Loans

Example Loans

$115,752

Stafford Loan Interest

4.5%

Time to Pay off Student Loan

10 years

Example monthly payment

$1,201

Total interest paid

$28,398

Sum of Loan Payments

$144,150

To have a realistic understanding of how much it will cost to study at Florida Institute of Technology here is an example one can consider to estimate the payment amounts one will incur with a student loan. Take a loan of $115,752 for example. This will result in a $14,415 payment to be made each year. We can assume that the interest rate is 4.5% post any refinancing or consolidation activities with a 10 years repayment plan. Then the total payment made towards the loan is $144,150 which is $28,398 in addition to the principal amount, which constitutes the interest payment made throughout the life of the loan.

Undergraduate Tuition and Fees

Student type	In-state	Out-State
Tuition & Fees	$41,850	$41,850
Room & Board Cost	$12,880	$12,880
Total Tuition & Fees	$54,730	$54,730

At Florida Institute of Technology, the tuition and fees for students who are pursuing undergraduate courses are estimated to be around $42,470 in a year. Alongside that, they will likewise need to shell out around $12,880 toward their room and boarding charges. Accordingly, the overall cost for undergraduate students at the college totals about $60,150 per year, based on the available data.

Graduate Tuition and Fees

	In-state	Out-State
Tuition	$22,338	$22,338
Fees	$250	$250

Now, coming to the tuition and fees charged for students seeking to pursue postgraduate courses at FIT, the amount totals around $22,588. This includes $22,338 for the graduate tuition as well as an amount of $250 for the graduation fees.

Cost Per Credit Hour

Degree	Year	Cost per Credit hour
Graduate	2018 - 2019	$1,241
Undergraduate	2018 - 2019	$1,170

The graduate and undergraduate courses have a varying cost per credit hour – which is the total program cost divided by the total number of credit hours of the program – that the student has to pay to attend FIT. As per the 2019-2020 fee structure, the cost per credit hour for graduate courses is $376 and for undergraduate courses, it stands at $326. Also, Florida Institute of Technology currently offers a number of online courses to students across 87 different majors.

Campus Housing Expenses

Housing & other expenses	On Campus	Off Campus
Room & Board	$12,880	$12,880
Other Expense	$3,600	$3,600
Book & Supplies	$1,200	$1,200

As far as the housing and related charges are concerned, these expenses remain the same for both on-campus or off-campus candidates at FIT. To note, students have to pay $16,480 per year toward these facilities. Besides, the room and boarding charges for the students come to around $12,880 per year. Coming to the books and supplies charges, the students will be required to pay an amount of $1,200. Furthermore, the other expenses that the students should plan for come to around $3,600.

Campus Housing Expenses

Housing & Other Expenses

Room & Boards

On Campus

$12,880

Off Campus

$12,880

Housing & Other Expenses

Other Expenses

On Campus

$3,600

Off Campus

$3,600

Housing & Other Expenses

Book & Supplies

On Campus

$1,200

Off Campus

$1,200

Online Degree Programs, Tuition and Cost Per Credit Summary

Degree Type	Total Average Tuition	Average Tuition Per Credit
Associate	$31,110	$510
Masters	$25,641	$777
Bachelors	$61,710	$510
Doctorate	$42,000	$1,000

Florida Institute of Technology offers 68 online programs across 14 Majors.

Projected Price for a 4 year degree

The current projected cost of attending a four-year graduate course, along with the living expenses, at Florida Institute of Technology is around $301,753 as per official data. In comparison, the total expenses for undergraduate students stood at $32,776 for 2018-2019, $33,471 for 2017-2018, and $33,610 for 2016-2017.

Explore Programs by Major

Accounting Programs

Associate of Arts

Tuition

Credits

Associate of Arts in Accounting

Type: online

Total Cost : $ 32640

Cost per credit: $ 510

Total Credits: 64

Florida Institute of Technology Tuition and Fees

Total Cost of Attendance

Average Net Price by Family Income

Student Loans

Undergraduate Tuition and Fees

Graduate Tuition and Fees

Cost Per Credit Hour

Campus Housing Expenses

Campus Housing Expenses

Online Degree Programs, Tuition and Cost Per Credit Summary

Projected Price for a 4 year degree

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