by our College Data Analytics TeamMost students won’t pay the advertised price of a school. Instead, they will be provided with a financial aid plan that includes a mix of scholarships, grants, loans, and work-study. But some kinds of aid are more desirable than others, and some students will get more than others.
What amount of Florida Tech financial assistance will actually be available to you?Get answers to your questions here.
Florida Institute of Technology average financial aid offer for freshmen students is $26,151.00. 96% of reshman students get financial aid, most of which is in the form of grants and scholarships
Loans are a part of financial aid plans, but the only true college discount is a scholarship or grant that you don’t have to repay.
A college loan is not a true college discount, but rather an outcome to consider. Find out how much student loan debt from Florida Institute of Technology you may end up taking on.
Institutional scholarships and grants refer to financial aid provided directly by a college or university to support students in covering their educational expenses. These awards can be either merit-based or need-based and do not require repayment. Merit-based institutional scholarships reward students who have demonstrated exceptional academic achievements, talents, or skills in specific areas. Such scholarships often take into account a student’s high school performance, standardized test scores, or extracurricular activities. On the other hand, need-based institutional grants are allocated to students who exhibit financial need. The amount awarded is usually determined by the student’s family’s financial circumstances and aims to cover the difference between the cost of attendance and the family’s capacity to pay. To assess eligibility for need-based grants, colleges and universities may use information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants play a crucial role in assisting students, as they can considerably lower the cost of college and make higher education more attainable.
The numbers listed below make reference to help that is offered by Florida Institute of Technology.
96% of incoming freshmen (641 total) were awarded scholarships at Florida Institute of Technology, averaging $21,193.00 a piece. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 81% of first-year students (536 total) got federal grant aid, averaging $2,597.00 per person.
The table below shows grant and scholarship distributions by income for first-year students getting any sort of federally-funded Title IV aid, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 11.28% | $33,053.00 |
| Income 30k-48k | 8.27% | $34,302.00 |
| Income 48k-75k | 9.17% | $29,058.00 |
| Income 75k-110k | 6.77% | $26,347.00 |
| Income 110k + | 19.70% | $23,724.00 |
The table above displays students who are getting Title IV aid, federal aid from the government including loans, grants or work-study. Get more info on Title IV here.
96% of the 665 undergraduates at Florida Institute of Technology receive some sort of grant aid. This is a total of about 641 students getting an average of $26,151.00 per person.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.