How Florida Tech's Financial Aid Changes

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Florida Institute of Technology since 2013.

For that period, the average number of students who received grants aid/scholarships is 2,845, which is 80.22 % of all undergraduate students. 1,324 students which is 37.44% of undergraduate students received federal student loans and the average loan amount is $7,177.

Year	Grant or Scholarship^*		Pell Grants		Federal Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	2,654 (81%)	$20,533	751 (23%)	$4,326	1,346 (41%)	$8,151
2014-15	2,827 (78%)	$21,460	788 (22%)	$4,411	1,336 (37%)	$7,915
2015-16	2,854 (80%)	$21,822	741 (21%)	$4,377	1,311 (37%)	$7,179
2016-17	2,995 (83%)	$22,263	741 (20%)	$4,419	1,345 (37%)	$7,237
2017-18	2,926 (80%)	$23,316	787 (22%)	$4,623	1,290 (35%)	$7,411
2018-19	2,936 (80%)	$24,210	776 (21%)	$4,760	1,311 (36%)	$6,673
2019-20	2,835 (80%)	$24,254	761 (21%)	$4,834	1,277 (36%)	$6,702
2020-21	2,777 (80%)	$25,808	729 (21%)	$4,974	1,307 (38%)	$6,749
2021-22	2,803 (80%)	$24,751	709 (20%)	$4,909	1,393 (40%)	$6,575
Average	2,845 (80.22%)	$23,157	754 (21.22%)	$4,626	1,324 (37.44%)	$7,177

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

Overview

For the last 10 years, on average, 692 (95.11 % of students) received grants or scholarships and its average amount is $24,659. It can cover 55.59% of tuition & fees ($44,360).

In addition, 390 (53.89 % of students) students get helped from the students loans (average amount : $8,671).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	726 (93%)	$21,305	359 (46%)	$8,183
2014-15	737 (96%)	$22,059	348 (45%)	$7,931
2015-16	626 (97%)	$24,450	348 (54%)	$7,756
2016-17	728 (96%)	$23,760	424 (56%)	$8,214
2017-18	679 (95%)	$24,590	377 (53%)	$8,610
2018-19	725 (93%)	$26,006	442 (57%)	$8,667
2019-20	641 (96%)	$26,738	409 (62%)	$9,323
2020-21	628 (92%)	$25,807	405 (59%)	$9,007
2021-22	735 (98%)	$27,218	400 (53%)	$10,351
Average	692 (95.11%)	$24,659	390 (53.89%)	$8,671

^*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.

^**percentage of number of students receiving aids among all undergraduate students.

Grants/Scholarship

The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 169 (23.33 % of students) received Pell (federal) grants and its average amount is $4,632.

In addition, 263 students received State/local government grants/scholarships (36.00 % of students).

Year	Federal (Pell) Grants		Other Federal		State/Local government		Institutional
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	189 (24%)	$4,419	168 (22%)	$1,685	275 (35%)	$4,563	725 (93%)	$18,062
2014-15	167 (22%)	$4,289	153 (20%)	$2,377	236 (31%)	$4,625	736 (96%)	$19,138
2015-16	141 (22%)	$4,452	135 (21%)	$987	219 (34%)	$5,055	626 (97%)	$21,466
2016-17	160 (21%)	$4,263	154 (20%)	$987	249 (33%)	$4,936	728 (96%)	$20,926
2017-18	180 (25%)	$4,497	169 (24%)	$1,045	239 (33%)	$6,916	674 (94%)	$20,857
2018-19	192 (25%)	$4,726	190 (24%)	$1,012	296 (38%)	$8,710	723 (93%)	$20,991
2019-20	174 (26%)	$4,843	536 (81%)	$1,025	260 (39%)	$8,316	641 (96%)	$21,193
2020-21	150 (22%)	$5,250	383 (56%)	$1,320	241 (35%)	$7,848	628 (92%)	$20,736
2021-22	172 (23%)	$4,946	468 (62%)	$3,622	349 (46%)	$6,992	733 (97%)	$20,490
Average	169 (23.33%)	$4,632	262 (36.67%)	$1,562	263 (36.00%)	$6,440	690 (94.89%)	$20,429

^*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.

^**percentage of number of students receiving aids among all undergraduate students..

Student Loans

The following table describes number of students and average amount of loans by loan type. The following table shows the trends of grants or scholarships over time.

For the last 10 years, on average, 390 (53.89 % of students) get any students loan help and its average loan amount is $390.

Year	Total		Federal student loans		Other student loans
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	359 (46%)	$8,183	314 (40%)	$6,789	45 (6%)	$17,912
2014-15	348 (45%)	$7,931	313 (41%)	$6,652	35 (5%)	$19,368
2015-16	348 (54%)	$7,756	299 (46%)	$5,697	49 (8%)	$20,325
2016-17	424 (56%)	$8,214	358 (47%)	$5,559	66 (9%)	$22,614
2017-18	377 (53%)	$8,610	312 (43%)	$5,651	65 (9%)	$22,815
2018-19	442 (57%)	$8,667	357 (46%)	$5,292	85 (11%)	$22,844
2019-20	409 (62%)	$9,323	319 (48%)	$5,517	90 (14%)	$22,813
2020-21	405 (59%)	$9,007	328 (48%)	$5,481	77 (11%)	$24,026
2021-22	400 (53%)	$10,351	383 (51%)	$5,410	92 (12%)	$22,480
Average	390 (53.89%)	$8,671	331 (45.56%)	$5,783	67 (9.44%)	$21,689

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Scholarships, Grants, and Loan Trends at Florida Tech

All Undergraduate Students Financial Aid Over Time

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time