Over the past 10 years (2014-2023), the average number of students who received grants aid/scholarships is 2,836, which is 80.40 % of all undergraduate students. 1,326 students which is 37.70% of undergraduate students received federal student loans and the average loan amount is $7,106.

For full-time, first-time beginning students (freshmen), 95.60% of students received grants or scholarships and 54% of students received student loans.

All Undergraduate Students Financial Aid Over Time

The following table shows 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 2,836, which is 80.40 % of all undergraduate students. 1,326 students which is 37.70% of undergraduate students received federal student loans and the average loan amount is $7,106.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-142,654 (81%)$20,533751 (23%)$4,3261,346 (41%)$8,151
2014-152,827 (78%)$21,460788 (22%)$4,4111,336 (37%)$7,915
2015-162,854 (80%)$21,822741 (21%)$4,3771,311 (37%)$7,179
2016-172,995 (83%)$22,263741 (20%)$4,4191,345 (37%)$7,237
2017-182,926 (80%)$23,316787 (22%)$4,6231,290 (35%)$7,411
2018-192,936 (80%)$24,210776 (21%)$4,7601,311 (36%)$6,673
2019-202,835 (80%)$24,254761 (21%)$4,8341,277 (36%)$6,702
2020-212,777 (80%)$25,808729 (21%)$4,9741,307 (38%)$6,749
2021-222,803 (80%)$24,751709 (20%)$4,9091,393 (40%)$6,575
2022-232,757 (82%)$24,420676 (20%)$5,1201,339 (40%)$6,465
Average2,836 (80.40%)$23,284746 (21.10%)$4,6751,326 (37.70%)$7,106
*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.

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

For the last 11 years, on average, 700 (95.60 % of students) received grants or scholarships and its average amount is $24,589. It can cover 55.43% of tuition & fees ($44,360).

In addition, 390 (53.50 % of students) students get helped from the students loans (average amount : $8,892).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14726 (93%)$21,305359 (46%)$8,183
2014-15737 (96%)$22,059348 (45%)$7,931
2015-16626 (97%)$24,450348 (54%)$7,756
2016-17728 (96%)$23,760424 (56%)$8,214
2017-18679 (95%)$24,590377 (53%)$8,610
2018-19725 (93%)$26,006442 (57%)$8,667
2019-20641 (96%)$26,738409 (62%)$9,323
2020-21628 (92%)$25,807405 (59%)$9,007
2021-22735 (98%)$27,218400 (53%)$10,351
2022-23772 (100%)$23,953385 (50%)$10,877
Average700 (95.60%)$24,589390 (53.50%)$8,892
*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.

The following table shows the trends of grants or scholarships over time. For the last 11 years, on average, 170 (23.30 % of students) received Pell (federal) grants and its average amount is $4,690.

In addition, 264 students received State/local government grants/scholarships (36.00 % of students).

Year Federal (Pell) GrantsOther Federal State/Local governmentInstitutional
Number Received (percent)Average AmountNumber Received (percent)Average Amount Number Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14189 (24%)$4,419168 (22%)$1,685275 (35%)$4,563725 (93%)$18,062
2014-15167 (22%)$4,289153 (20%)$2,377236 (31%)$4,625736 (96%)$19,138
2015-16141 (22%)$4,452135 (21%)$987219 (34%)$5,055626 (97%)$21,466
2016-17160 (21%)$4,263154 (20%)$987249 (33%)$4,936728 (96%)$20,926
2017-18180 (25%)$4,497169 (24%)$1,045239 (33%)$6,916674 (94%)$20,857
2018-19192 (25%)$4,726190 (24%)$1,012296 (38%)$8,710723 (93%)$20,991
2019-20174 (26%)$4,843536 (81%)$1,025260 (39%)$8,316641 (96%)$21,193
2020-21150 (22%)$5,250383 (56%)$1,320241 (35%)$7,848628 (92%)$20,736
2021-22172 (23%)$4,946468 (62%)$3,622349 (46%)$6,992733 (97%)$20,490
2022-23176 (23%)$5,213168 (22%)$1,465276 (36%)$5,885771 (99%)$20,368
Average170 (23.30%)$4,690252 (35.20%)$1,553264 (36.00%)$6,385699 (95.30%)$20,423
*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.

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 11 years, on average, 390 (53.50 % of students) get any students loan help and its average loan amount is $390.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14359 (46%)$8,183314 (40%)$6,78945 (6%)$17,912
2014-15348 (45%)$7,931313 (41%)$6,65235 (5%)$19,368
2015-16348 (54%)$7,756299 (46%)$5,69749 (8%)$20,325
2016-17424 (56%)$8,214358 (47%)$5,55966 (9%)$22,614
2017-18377 (53%)$8,610312 (43%)$5,65165 (9%)$22,815
2018-19442 (57%)$8,667357 (46%)$5,29285 (11%)$22,844
2019-20409 (62%)$9,323319 (48%)$5,51790 (14%)$22,813
2020-21405 (59%)$9,007328 (48%)$5,48177 (11%)$24,026
2021-22400 (53%)$10,351383 (51%)$5,41092 (12%)$22,480
2022-23385 (50%)$10,877369 (48%)$5,22587 (11%)$25,970
Average390 (53.50%)$8,892335 (45.80%)$5,72769 (9.60%)$22,117

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