Financial Overview

University Financial Support

The university is supported by tuition and fees, research grants and contracts, and assistance from foundations, industry and the local community. Careful attention to sound business policies has placed the institution on a sound financial basis year after year.

Florida Tech was ruled tax-exempt under Section 501(c)(3) of the Internal Revenue Code (IRC) of the U.S. Treasury Department in January 1960. The university was classified in October 1970 as an organization that is not a private foundation as defined in Section 509(a) of the IRC. Gifts to the university are thus tax-deductible.

Endowments

Ongoing funding is provided through earnings from the university’s endowments. Florida Tech thanks its donors who have endowed scholarships and fellowships to assist students and who have endowed the following funds to support faculty, departments and the institution.

• Allen S. Henry Professor of Engineering Endowment
• Alumni Association Operations Endowment
• Cavallucci-Strouse Family Endowment for Ethics and Leadership
• College of Aeronautics General Endowment Fund
• College of Business Endowment
• College of Engineering Endowment for Academic Programs
• Commitment to Excellence Endowment
• Computer Sciences Department Endowment
• Construction Industry Advisory Board (CIAB) Endowment
• Dent Smith Botanical Garden Fund
• Division of Electrical and Computer Science Department Endowment
• Dr. James M. and Sara M. Ortega Professorship in Astronomy
• Dr. Jerome P. Keuper Endowment
• Dr. Ruth L. Schmidt Library Endowment
• Edwin A. Link Special Collections Endowment
• Environmental Education Program Endowment
• Eric J. Primavera ASCE Student Chapter Endowment
• F. Alan Smith Distinguished Lecture Series
• Faculty Enhancement Scholarship
• Father Douglas F. Bailey, S.D.S., Endowment to Support Catholic Campus Ministry
• FIT Equipment Replacement Fund
• Friends of the Evans Library (FOEL) Endowment
• General Endowment
• George and Carole Maul Family Scholarship
• H. Seeley and Ruth E. Funk Fund for the Textile Arts
• Harris Endowed Chair in Assured Information
• Harris Endowed Professorships
• Health First Endowed Chair in Community Health
• Henry L. and Grace Doherty Endowed Visiting Professorship
• Holzer-Lequear Endowment to support Medical Genetics Research
• Intercollegiate Rowing Program Endowment
• Jack and Pat Pruitt Endowment
• James Constantine College of Aeronautics Endowment
• James G. Kennedy Sr. Library Endowment
• Jane Gleason Madry Library Endowment
• Joe Brett Endowment Fund
• Kenneth C. Long Unrestricted Endowment
• Marion Clayton Link Library Information Network (LINK) Endowment
• Max, Edith and Robert Bisk Distinguished Chair of Business
• Nathan M. Bisk College of Business Endowment
• Northrop Grumman Student Design Endowment
• Physics and Space Sciences Program Endowment
• Proctor Entrepreneurial Endowment
• Protestant Campus Ministry Endowment
• Psychology Science Endowment
• Robert L. Long Professorship in Ethics (Nathan M. Bisk College of Business)
• Sant Ram Sharma Endowment in Environmental Chemistry
• Sarkis Acopian Endowed Professorship in Environmental Education
• School of Psychology Endowment
• Science and Mathematics Education Graduate Student Travel Fund
• SkyCross Laboratory Endowment
• Sportfish Research Institute Endowment
• Steve Freeman College of Business Student Support Endowment
• Susan Stackpoole Endowed Fund for College of Aeronautics Faculty, Programs and Lab Enrichment
• Van Pelt Foundation Research Endowment

Scholarships and Financial Aid

All institutional scholarships and grants administered by the Office of Financial Aid are intended for tuition purposes only unless otherwise specified.

Undergraduate Students

Most of Florida Tech’s full-time Melbourne campus undergraduate students receive some type of financial assistance. The aid may be in the form of a scholarship for academic performance, need-based grants, federal grants, federal loans, work-study, on-campus employment or any combination of these awards (see Office of Student Employment in the Institution Overview  section for more information on student employment opportunities).

First-year Melbourne campus students with complete admission applications on file by January 15 will automatically be considered for all Florida Tech Scholarships.

Major Federal Financial Aid Programs

The federal financial aid programs listed in this catalog are available to any U.S. citizen or eligible non-citizen who is admitted to the university.

Federal Perkins Loan: This low-interest (five percent) loan is dependent on the availability of funds each year and must be repaid to Florida Tech. This loan accrues no interest while the student attends school or during the nine-month grace period.

Federal Direct Stafford Loan: Amounts may vary each year. There are annual maximums dependent on need and the student’s grade level (freshman, sophomore, junior, senior). Interest does not accrue on subsidized Stafford loans while the student is in school, during the six-month grace or authorized deferment periods. Students are responsible for all interest that accrues on the unsubsidized Stafford loan while in school, and during the six-month grace period or authorized deferment period. Interest may be deferred.

Federal Direct Parent Loans for Undergraduate Students (PLUS): The Federal Direct PLUS Loan can be borrowed by parents of dependent undergraduate students to help pay for their child’s education. The Federal PLUS Loan is not based on financial need. The amount borrowed each year is limited to the cost of attendance less other forms of assistance.

Federal Work-Study: This program provides part-time jobs for students who need financial assistance. Jobs are available both on and off campus. Students receive paychecks to help with personal expenses.

Pell Grants: This need-based award amount varies and can be granted each year as determined by student’s enrollment status (full time, 3/4 time, half time or less than half time).

Federal Supplemental Education Opportunity Grants: Grants through this federal program are available to a limited number of students who demonstrate exceptional financial need. Priority is given to students with the greatest need.

Florida State Financial Aid Programs

Florida residency and eligibility for Florida state aid programs are based on state law and administrative rules. Generally, students whose families have been living in Florida for 12 months before the start of the school year are considered residents. The following programs are only available to Florida residents who are citizens or eligible noncitizens of the United States.

Florida Resident Access Grant (FRAG): All full-time undergraduate students who meet the Florida residency requirements are eligible to receive this financial assistance from the state. This amount varies from year to year, based on available state funds.

Florida Student Assistance Grant (FSAG): Full-time undergraduate students who meet the Florida residency requirements and have extraordinary financial need, are eligible to receive this financial assistance from the state, depending on available funding.

Florida Academic Scholars Award: This is a Florida Bright Futures Scholarship that currently pays eligible undergraduate students $103 per credit hour. The award is valued at approximately $3,090 per year.

Florida Medallion Scholars: This is a Florida Bright Futures Scholarship that currently pays eligible undergraduate students $77 per credit hour. The award is valued at approximately $2,300 per year.

Additional State Financial Aid Programs

Florida Prepaid College Plan (FPCP): Florida Tech is an eligible institution for the FPCP program. Accumulated funds may be applied toward expenses at Florida Tech. Contact the FPCP office at www.myfloridaprepaid.com/  for further details on disbursement options.

Delaware, Maryland, Michigan, Rhode Island and Vermont Grants: For information on grant amounts from these states, please contact your state’s Department of Higher Education or the Florida Tech financial aid office.

Specialty Scholarships

Florida Tech Legacy Grant: Sons and daughters of Florida Tech alumni enrolling in a full-time undergraduate program on the Melbourne campus are eligible for a $2,500 grant. This award is renewable for up to four years. This award is given in addition to any merit scholarship earned by the student.

“Keep it in the Family” Grant: Sisters and brothers of students who are currently enrolled simultaneously on the Melbourne campus as full-time undergraduates are eligible for a $2,500 grant. This grant is renewable for up to four years and is given in addition to any merit scholarship earned by the student. Both students enrolled at the same time will receive this grant.

Florida Tech Transfer Scholarship: Students may receive up to $12,000 per year if the student’s cumulative GPA is 3.0 or higher and the student has completed 24 transferable semester credit hours at one or more other accredited institutions. This scholarship is for students who have graduated from high school and attended another college or university, and plan full-time attendance in one of the Melbourne campus degree programs. The scholarship is mutually exclusive and cannot be combined with the Florida Tech Phi Theta Kappa Scholarship or other merit scholarships.

Florida Tech Phi Theta Kappa Scholarship: Students may receive up to $13,500 per year if the student applies and is admitted to Florida Tech and was a member of Phi Theta Kappa (PTK). Proof of PTK membership must be submitted with the application. This scholarship is for students who have graduated from high school and attended another college or university, and plan full-time attendance in one of the Melbourne campus degree programs. The scholarship is mutually exclusive and cannot be combined with the Florida Tech Transfer Scholarship.

Florida Tech Community College Connection/Track Scholarship: Students enrolled in the Florida Tech Track program with Eastern Florida State College, the Connection program with Valencia Community College, or in a similar program at South Florida Community College, Indian River State College, Broward College or Miami Dade College are eligible for an award on completion of the Associate of Arts degree and subsequent enrollment at Florida Tech.

Athletics Scholarships: Florida Tech is an NCAA Division II institution. Individual coaches award Florida Tech athletics scholarships through the athletics department. Florida Tech offers scholarships for men and women in basketball, cross country, golf, rowing, soccer, swimming, tennis and track. Scholarships are also offered in baseball, football and lacrosse for men, and in softball and volleyball for women. Amounts awarded are at the sole discretion of the appropriate coach.

Scholarships/Undergraduate Awards

The following is a list of donated scholarships and is a representative sample of awards that may be available to admitted Melbourne campus students. New students are encouraged to apply for admission before January 15. Early filers will be considered for all types of financial aid administered by Florida Tech.

For more information, contact the Office of Financial Aid, 321-674-8070.

• Allen S. Henry Endowed Scholarship
• Allen S. Henry Presidential Award Endowment
• Anthony J. and Sara Catanese Presidential Scholarship
• Astronaut Scholarship
• Balda Family Foundation Scholarships
• Bank of America/Barnett Bank Scholarship
• Bank of America/NationsBank/C&S National Bank Scholarship
• Barnes & Noble College Bookstores Scholarship
• Bill Morris Advanced Flight Scholarship
• Bjørnar and Bjørg Hermansen Scholarship
• Boeing Engineering Scholarship
• Bozik Family Endowment
• Brevard Scholars Program
• Brevard Scholarship in Life Sciences
• Bryan J. LaRose Memorial Scholarship
• Capt. Joseph Brayton Perkins Memorial Scholarship
• Chadley M. Rhodes Memorial Scholarship
• Charles A. Frueauff Foundation Scholarship Endowment
• Chi Phi Scholarship
• Chris Giddings Memorial Scholarship
• Christine Antoinette Mead Athletic Scholarship
• Christopher Sherman Neese Memorial Scholarship
• Coca-Cola Scholarship Endowment
• David Byron Thompson II Memorial Scholarship
• Delta Sigma Phi Fraternity Scholarship
• Dettmer Family Scholarship
• Don Creech Memorial Scholarship
• Douglas M. Schuler Scholarship
• Dr. and Mrs. Pieter S. Dubbelday Scholarship Endowment in Physics
• Dr. Anne P. Rowe Scholarship
• Dr. David Mazurek and Amy Henshey Mazurek Scholarship in Civil Engineering
• Dr. Frank M. Webbe Psychology Scholarship
• Dr. Gary N. Wells Scholarship
• Dr. J. Clayton Baum Scholarship
• Dr. James G. Potter Scholarship in Physics/Space Sciences
• Dr. James M. and Sara M. Ortega Scholarship in Astronomy
• Dr. Kerry Bruce Clark Memorial Scholarship
• Dr. Sam Hughes and Mrs. Kate Settle-Hughes Scholarship
• Dr. V. Lakshmikantham Scholarship in Mathematical Sciences
• Dr. Walter M. Nunn, Jr. Memorial Scholarship in Electromagnetics
• Drs. Roger and Eleyse Manley Endowed Scholarship Fund
• Faculty Scholarship
• Farmer Scholars Program Endowment
• Flag Officers Leadership ROTC Scholarship
• Florida Tech Alumni Association Scholarship
• Francis O. Blume III ROTC Scholarship
• Future Educations of America (FEA) Scholarship
• General Scholarship Endowment
• General Scholarships
• George W. Jenkins Jr. Scholarship
• Harris Student Scholars in Institute for Assured Information
• Henry Paul Clausen Scholarship
• Herman Kessler Moore, M.D. Scholarship
• Hydro Aluminum Corporation College of Engineering Scholarship
• Independent Colleges and Universities of Florida (ICUF) Scholarships (see below)
• Indiafest Brevard Scholarship Endowment
• International Aerospace Lightning Conference (IALC) Scholarship
• Jeff Simonds Memorial Scholarship
• Jeffrey Allen Dimond Memorial Scholarship
• JoAnn H. Morgan Women in Engineering Scholarship Endowment
• John F. Calcagni Memorial Scholarship for Nathan M. Bisk College of Business
• John Thomas and Martha Hartley Scholarship
• Jonathan B. Zung Family Scholarship Endowment
• Joseph Caruso Family Scholarship
• Karl and Ingeborg Sendler Scholarship
• Kelly Potter Memorial Aviation Scholarship
• Kenneth P. Revay Class of 1982 Scholarship in Mechanical Engineering
• Lawrence and Margarete Mertens Scholarship
• Legacy Soccer/Lever Brothers Scholarship
• Leo A. Marin Memorial Scholarship
• Lettie Pate Whitehead Scholarship
• Llewellyn Hewett Jr. Engineering Scholarship
• Local 810-Local 875/Hirsch Memorial Scholarship
• MAE (Mechanical and Aerospace Engineering) Scholarship
• Marion and Eric Preece Scholarship
• Marjorie Hayes Scholarship
• Marsha A. Duncan Scholarship
• Martin Zung Memorial Chemistry Award
• Marvin M. Yarosh and John H. “Jack” Wiles Endowment
• Melissa Lee Crist Honorary Scholarship (Gift of Thomas E. and Lois R. McNamara)
• Michael and Patricia Scafati Scholarship
• Michael Flammio Scholarship
• National Defense Transportation Association Space Coast Chapter Endowed Scholarship
• Neil Branam-Lefkove Memorial Scholarship
• Northrop Grumman Scholarship in Engineering Studies Endowment
• Northrop Grumman/George M. Skurla Engineering Scholarship
• NorthStar Capital Management Scholarship
• Numerical Control Society Scholarship
• Paul Andre Hermansen Endowed Memorial Scholarship
• Paul L. Chell Endowment in Memory of Jerome P. Keuper (COA)
• Paul L. Chell Endowment in Memory of Jerome P. Keuper (COE)
• Phebus Family Scholarship
• Philip and Eloise Kalker Family Scholarship
• President’s Scholars Fund
• Ravindran Palaniyandi, M.D. and Ambika Ravindran Scholarship
• Robert A. Schilling/Paravant Computer Systems Scholarship
• Scott Matthew Sindel Scholarship
• Shirley Mataxis Slack Engineering Scholarship for Women Athletes
• Software Engineering Scholarship
• Squamish Scholarship Endowment
• Steven Petrosky Memorial Scholarship
• SunTrust Bank Scholarship
• SunTrust/Reliance Bank/Huntington National Bank Scholarship
• Susan Galos Eason Memorial Scholarship
• The Carl and JoAnn Bottcher Endowed Scholarship Fund
• The Dean Mead Scholarship
• The Peter and Karen Dyson Scholarship
• Thomas C. Pridmore Endowed Scholarship
• Thomas E. and Lois R. McNamara Scholarship
• W. Lansing and Isabelle Gleason Nathan M. Bisk College of Business Academic Award Scholarship
• Wachovia Corporation/First Union National Bank Scholarship
• Walter and Dorothea Gatti Scholarship
• Walter D. and Paula LeCler Wood Scholarship
• Warren and Evelyn Foster Scholarship
• Wendell H. Colson Scholarship
• William and Wendy Potter Nathan M. Bisk College of Business Scholarship

Graduate Students

Assistantships and Scholarships

Graduate assistantships involve a stipend, tuition waiver or both, and are awarded to well-qualified master and doctoral students on the Melbourne campus. Awards are normally made on a year-to-year basis. However, not all students receive assistantships, and partial assistantships (such as tuition waiver only) may also be offered. International students are eligible for graduate assistantships in some academic units. In addition to specific academic unit requirements, any student whose home language is not English, whether or not the student has graduated from an English speaking, post-secondary institution, must abide by all Florida Tech policies regarding English language proficiency found in “English and Languages” under the School of Arts and Communication.

Award of a teaching assistantship requires the satisfactory completion of the Teaching Assistant Seminar, generally offered twice each year at the start of the fall and spring semesters. There is no fee for enrollment in this three-day seminar, which is open to graduate students recommended by their academic unit heads, as well as new teaching assistants, who are required to attend.

Teaching assistants must be formally evaluated in writing by their supervisors. These evaluations are required for reappointment. The assistantship application deadline is January 15 for the fall semester. The application should be directed to the Office of Graduate Admissions.

Federal Assistance

A graduate student must be enrolled half-time as a regular student in a degree program and must be a U.S. citizen or an eligible noncitizen to qualify for federal financial aid.

Although applications are accepted throughout the year, graduate students are encouraged to file before March 20 to ensure timely processing.

Students must reapply each year and maintain satisfactory academic progress as defined by the financial aid office to continue receiving federal assistance.

Federal Direct Unsubsidized Stafford Student Loan: Students are responsible for all interest that accrues on the unsubsidized Stafford loan while in school, but payment is not required during this time.

Federal Direct Graduate PLUS Loan: A federal loan program for credit-worthy graduate students, intended to supplement the Federal Stafford Loan. A credit-worthy graduate student may borrow the complete cost of attendance minus other financial aid. The interest rate is fixed annually at the 10-year Treasury Note Index plus 4.6 percent. Payments can be deferred until after graduation, but interest accrues while the student is in school. Graduate students must be U.S. citizens or eligible non-citizens to be eligible. Students must enroll for a minimum of five credit hours per semester to be eligible (at least half-time).

Fellowships/Graduate Awards

The following is a list of donated scholarships and is a representative sample of awards that may be available to admitted students. New students are encouraged to apply for admission before January 15. Early applicants will be considered for all types of financial aid administered by Florida Tech.

For more information, contact the Office of Financial Aid, 321-674-8070.

• A.C. Bagtzoglou Civil Engineering Fellowship Endowment
• Admiral O.D. Waters Graduate Fellowship (DMES)
• Alan Edwin Paltzik Fellowship Endowment
• Barbara A. and William G. Roy Fellowship in Management Studies
• Civil Alumni Recruitment Endowment (CARE)
• David L. and Theresa G. Clayton Fellowship in Marine and Environmental Systems
• Deering-Irlandi Fellowship Fund
• Dr. Carol L. Philpot Family Psychology Fellowship
• Dr. Elizabeth B. Wolf-Corman Fellowship in Psychology
• Dr. James M. and Sara M. Ortega Fellowship in Astronomy
• Dr. Juanita Neal Baker Psychology Fellowship
• Dr. Leonard D. Healy Scholarship Fund
• Edward W. Snowdon and Lee Hill Snowdon Fellowship in Marine and Environmental Systems
• Gertrude E. Skelly Fellowship in Marine and Environmental Systems
• Harbor City Volunteer Ambulance Squad Endowment
• John M. Williams Fellowship Endowment Fund in DMES
• Link Foundation Ocean Engineering Fellowship
• Major Mathew Earl Schram ALMC-LEDC/FT Graduate Fellowship
• Mary Jane and Richard Schnoor Fellowship
• Mrs. Krishna Devi Sharma Fellowship Endowment
• Richard and Teresa McNeight Endowed Fellowship
• Save Our Bays, Air and Canals/Waterways, Inc. (SOBAC) Endowed Fellowship Fund
• The Lawrence and Margarete Mertens Endowed Fellowship Fund
• Weiss Family Fellowship Endowment in Marine Biology

Satisfactory Academic Progress for Financial Aid Recipients

All Students

The academic records of all students admitted to Florida Tech for the first time will be considered sufficient to allow them to apply for financial aid. To remain eligible to receive financial aid, continuing students must meet the following satisfactory academic progress standards instituted by the university in accordance with federal law. Florida Tech applies standards equally between undergraduate and graduate students, in all academic programs.

Students enrolled on a semester-basis are assessed after each semester and may continue to receive financial aid for one additional semester after they are placed in a warning status.

Students enrolled in eight-week terms are assessed annually and may be declared ineligible for financial aid immediately (no warning status). Assessment is based only on terms during which the student is registered. Students who withdraw from the university without official notice are assessed at the end of the withdrawal term.

Students declared ineligible may appeal the decision under certain circumstances. If the appeal is approved, the student may continue to receive financial aid during probationary standing.

Minimum Academic Progress Measures

Grade point average (GPA): Undergraduate students are expected to achieve and maintain a cumulative GPA of 2.0 or higher. Graduate students are expected to achieve and maintain a cumulative GPA of 3.0 or higher. This GPA is calculated in accordance with the guidelines contained in this catalog.

Hours completed: All students are expected to satisfactorily complete 75 percent of their attempted coursework. Courses with grades of F, I, U, AU or W are attempted courses but are not satisfactorily completed for the semester or term.

Maximum time limits: All students are expected to complete their degree program within 150 percent of the required credit hours. Undergraduate students are generally expected to complete their degree within 180 credit hours attempted including transfer credits earned at other institutions. Students enrolled in master’s degree programs are generally expected to complete their degree within 80 credit hours attempted; doctoral students, 120 credit hours attempted. An exception is made for doctoral students enrolled in the clinical psychology program, where 160 credit hours are allowed.

Appeals

Appeals to financial aid decisions may be made under certain circumstances. These circumstances may include sudden, severe, illness; serious automobile or other accident; family tragedy or loss of a loved one; or another circumstance not listed here. It is the student’s responsibility to provide details with dates, forms or other paperwork, or any other information requested by the Office of Financial Aid in order to review the appeal.

A successful appeal is dependent on a number of factors including mitigating circumstances that caused academic performance to fall below the standards of satisfactory academic progress; successful resolution of those mitigating circumstances so they will no longer affect academic performance; showing potential to meet the minimum academic progress measures within one academic year; and proper appeal documentation. Proper documentation includes the Satisfactory Academic Progress Appeal form and any third-party documentation corroborating the mitigating circumstance described in the appeal.

Once the appeal is reviewed, the student is informed of the decision through their Florida Tech email account. Any approved appeal will necessitate the student adhering to a prescribed program plan during the probationary period. A student who declines to accept the prescribed academic plan and is in good academic standing may continue without financial aid.

Students are assessed at the end of each term while in probationary standing and are removed from probationary standing when the minimum academic progress standards for financial aid recipients listed above are met.

Fees and Expenses

Tuition for full-time Melbourne campus undergraduate students (12–19 credit hours) is charged on a flat rate by semester basis. Flat rate by semester tuition rates applies to the fall and spring semesters only. Melbourne campus undergraduate students registering for more than 19 semester credit hours pay per credit hour for the excess credit hours in addition to the semester flat rate. Summer tuition and tuition for part-time undergraduate students and all graduate students, except those seeking the Psy.D. degree, is charged on a credit hour basis. Florida Tech Online and Education Center students pay tuition on a per-credit-hour basis.

For undergraduate 2020 summer classes, the first six (6) credit hours will be charged at the published per credit hour rate. After the first six (6) credit hours, tuition will be 50 percent of the published rate.

This reduction applies to Melbourne campus academic programs only and does not include ESL courses or Florida Tech Online courses taken by non-Melbourne campus students, courses in non-credit or study abroad programs, or flight or other fees. This discount does not apply to study-abroad programs. See the individual departments for study-abroad pricing. Other exclusions may apply. Contact the Registrar’s Office for additional information.

Students enrolled and pursuing degrees on the Melbourne campus are assessed the Melbourne campus tuition and fees. Students enrolled and pursuing degrees through Education Centers are assessed tuition and fees for those centers. Students enrolled in programs and pursuing degrees through Florida Tech Online are assessed the tuition and fees approved by the partnership. 

Undergraduate Tuition Information

Tuition for full-time undergraduate students (12–19) varies according to the chosen major program of study and admission status (online, on campus). Undergraduate students enrolled in both undergraduate- and graduate-level courses pay the flat-rate tuition as shown. Tuition for full-time undergraduate students (12–19 credit hours) is charged on a semester basis.

Graduate Tuition Information

Tuition for graduate students is charged per credit hour based on the student’s admission status (Education Centers, Melbourne campus, Florida Tech Online). Melbourne campus graduate students are permitted to register for a maximum of 14 credit hours.

Other Programs/Fees

Other fees include those costs outside of tuition, such as fees to apply to the university, parking or examinations, etc., and are nonrefundable.

Flight Costs

Flight fees are to be used as guidelines only and are subject to change. Variations in fuel price, student aptitude and performance, and other factors beyond the university’s control may impact total flight course costs.

Payment Policies

Students are assessed tuition and fees based on the locations and programs in which they are enrolled and the degrees being pursued. Students enrolled and pursuing degrees on the Melbourne campus are assessed the Melbourne campus tuition and fees.

Students enrolled and pursuing degrees through Education Centers are assessed tuition and fees for those centers.

Students enrolled in programs and pursuing degrees through Florida Tech Online are assessed the tuition and fees approved by the partnership.

In determining the amount due each semester, students may subtract any scholarships, loans or grants that are paid through financial aid to the university. Students may also calculate other payment arrangements such as third party billing, corporate deferment, or Panther Payment Plan under which payments are either made directly to the university by a sponsor or organization; or according to installment or delayed payments as authorized by Florida Tech’s Student Financial Services. The student is responsible for submitting all necessary paperwork or applications required by their payment option and meeting all conditions on time.

All expenses including tuition, fees, room and board, must be paid on or before the date shown in the academic calendar appropriate to the student’s admission status online at www.fit.edu or in the payment and fees policy at www.fit.edu/registrar/registration/paymentpolicy.php each semester. Payments should be made online using the TRACKS account username and password established for each student after receipt of deposit and confirmation of intent to attend. Payments sent by mail should be mailed at least 10 days in advance of the payment due date to assure receipt by the payment deadline. Additional information regarding the university’s payment policy for Melbourne campus students can be found online or in the Schedule of Classes each semester. Payments should be addressed to Florida Institute of Technology, Office of the Controller, Attention: Student Accounting, 150 W. University Blvd., Melbourne, FL 32901-6975.

Student Accident and Health Insurance

Student health insurance is MANDATORY for full-time undergraduate (12 or more credits) and graduate (9 or more credits) students, including those enrolled in English as a Second Language (ESL) courses. Online students and students attending classes at Education Centers or Florida Tech Online do not meet the eligibility requirements.

Domestic students may apply to waive university-sponsored insurance by providing proof of coverage through PantherPass by the end of the second Friday of classes.

It is MANDATORY for all international students to be covered by the university’s health insurance plan.

Exceptions may be granted only if you have an insurance plan that meets very strict requirements in order for you to qualify for the waiver. You may request a waiver of the insurance fee by completing a form and providing proof of appropriate insurance to the Business and Retail Operations Office. Waiver forms are available from the Business and Retail Operations Office. Florida Tech will not accept coverage by an insurance company outside the United States. Rates are subject to change when the policy is renewed.

Annual Cost

August 10, 2019, through August 10, 2020

Veterans Accounts and Benefits

Satisfactory Progress Standards

Students receiving VA benefits are required to make satisfactory progress in their degree programs. All Florida Tech students are required to meet the academic standards and requirements as noted here. Florida Tech has an academic progress policy that allows for a period of academic probation before termination for unsatisfactory progress (academic suspension) and promptly notifies VA when a student receiving VA education benefits is placed on academic probation.

The law requires educational assistance benefits to veterans and other eligible persons to be discontinued when a student ceases to make satisfactory progress toward completion of his or her degree. Benefits can be resumed if the academically dismissed student veteran re-enrolls at Florida Tech in the same or other approved program at the university. In other cases, benefits cannot be resumed unless VA finds the cause of the unsatisfactory attendance, conduct or progress has been removed and the program of education or training to be pursued by the student is suitable to his or her aptitudes, interests, and abilities. To initiate action by VA to determine whether further payments of VA educational assistance allowance should be authorized, the student must submit a specific request for resumption of VA benefits following an interruption due to unsatisfactory progress or conduct.

After VA termination, an appeal may be made to the VA for the resumption of benefits. Based in part on the university’s recommendation, the VA will determine whether or not to resume the payment of education benefits to the student.

Teaching Locations

Florida Tech offers programs and classes at various off-campus locations. The following table provides information about those locations.

Benefit Eligibility

Melbourne Campus and Education Center Students

Veterans benefits are administered by the certifying official of the student’s site/campus. Any student using Chapter 31 or 33 benefits will not be penalized while waiting for the VA to make tuition and fee payments for the first 90 days of the semester. Veterans and their dependents eligible to receive VA education benefits should contact their certifying official after completing admission requirements. For the purpose of certification, the following credit hour standards are used:

Florida Tech Online Students

Veterans benefits for Florida Tech Online students and their dependents eligible to receive VA education benefits should contact the military and veterans affairs coordinator at 321-674-8204 or email to OL-va@fit.edu.

For the purpose of certification of Florida Tech Online students receiving VA benefits, the following credit hour standards are used:

Housing and Board

Florida Tech has instituted an educationally based policy requiring all first-time full-time Melbourne campus students to reside in university residence halls and participate in one of the meal plans for two years.

All full-time Melbourne campus undergraduate students entering college for the first time are required to live on campus and enroll in a university meal plan for both years of residency.

A housing deposit must be on file in the student’s account before the student receives a housing assignment and remain on file for as long as the student lives in university housing. The deposit is not covered by any scholarship or financial aid and cannot be waived. It is refundable, minus any outstanding university charges, provided the terms and conditions of the housing agreement are fulfilled.

Students who sign Florida Tech Housing and Meal Plan Contracts are obligated for the entire academic year. All university housing contracts are for the full academic year. Neither buyouts nor substitutions are allowed. Students cannot cancel their housing and meal plan contracts after the deadline dates as outlined in the Housing and Meal Plan Contract.

First- and second-year, and new transfer students who withdraw before the start of the fall semester must notify the campus services office in writing, no later than July 1, if they want to have their housing deposits refunded. Students not attending or returning spring semester must notify the campus services office in writing, no later than December 1, if they want to receive a refund.

Upper-division students who want to change the meal plan portion of their contracts complete and submit a written meal plan change request form available at the campus services office. Deadline dates are outlined on the Housing and Meal Plan Contract.

Changing meal plans after the cutoff date is not permitted except for non-enrollment, official withdrawal, graduation or dismissal from school for the remainder of the academic year. However, a student may opt to increase a meal plan or add Flex Credits at any time.

Residence Halls

Students desiring a specific housing assignment may submit their preference in the Florida Tech Housing and Meal Plan Contract. Requests for room assignments are honored on a first-come, first-served, space-available basis. Campus services make every attempt to grant requests for assignment to certain rooms and roommates. However, the university does not guarantee assignment to a specific type of accommodation, building, room or roommate. In all cases, students are billed based on the number of occupants registered for the room (double, single, etc.). Information about housing options at Florida Tech may be found at www.fit.edu/housing/.

Because of the high demand for on-campus housing, the university reserves the right to place three students in any residence hall room. If the university exercises this option during the semester, the room occupants receive a prorated adjustment for the semester based on the number of days that triple occupancy occurred.

Brownlie Hall: Houses transfer, upper-division and graduate students. Each room has a semi-private bathroom. All rooms feature built-in desks, closets, drawers and extra-long twin beds. Each room features two connections to the campus fiber-optic network, free cable TV and a microfridge.

Columbia Village: Features four-bedroom, fully furnished suites with efficiency kitchens. Four students are assigned to each suite. Each room features two connections to the campus fiber-optic network and free cable TV.

Evans Hall: Houses transfer, upper-division and graduate students on the third and fourth floors. All rooms either have a private bathroom or are connected by a bathroom. All rooms feature built-in desks, closets, drawers, wall-to-wall carpeting and extra-long twin beds. Each room features two connections to the campus fiber-optic network, free cable TV and a microfridge.

Harris Village Suites: Features one-, two- and four-bedroom, fully furnished suites with full kitchens (refrigerator, range and dishwasher). Occupancy ranges from one to four students per suite, depending on the unit size. Each room features two connections to the campus fiber-optic network and free cable TV.

Mary Star of the Sea - Newman Hall: An all faith-based residence hall with apartment-style living for 148 students. The furnished one-, two- or four-bedroom apartments create an environment to encourage students to grow in their faith while pursuing academic excellence. They feature fully appointed kitchens, individual bedrooms, bathrooms with shower or bathtub, full-size beds, and internet and basic cable service.

Panther Bay Apartments: Each apartment features five-bedroom apartments, each with a private bathroom, fully appointed kitchen, living room, dinette and laundry room. The apartment complex features a clubhouse with a large meeting room, computer lab, swimming pool, and basketball and volleyball courts.

The Quad: Includes Campbell, Shaw, Grissom and Wood halls, traditional-style residence halls with community baths and a shared common building layout. Houses both upperclassmen and freshmen. All rooms are spacious with built-in desks, closets, drawers and extra-long twin beds. All rooms feature two connections to the campus fiber-optic network, free cable TV and a microfridge.

Roberts Hall: Houses only freshmen and is the largest residence facility on campus. A traditional-style residence hall, it features community bathrooms. All rooms are bright and spacious with built-in desks, closets, drawers and extra-long twin beds. Each room features two connections to the campus fiber-optic network, free cable TV and a microfridge.

Southgate Village Apartments: Feature studios and, one-, two- and three-bedroom apartments, and are reserved for upper-division students. Occupancy ranges from one to three students per apartment, depending on the unit size. Each room features two connections to the campus fiber-optic network and free cable TV. Not all apartments are furnished. Contact Campus Services.

Residence Halls (cost per semester/per occupant)

Meal Plans

Meal plans are offered by the university to make access to food service convenient and cost-effective, using the student ID card as the access card. Meal plans are contracted with individual students and the benefits are not transferable. Meal plans consist of two major components:

Meal Credits: Used for entry into Panther Dining Hall, our “all you care to eat” dining room. All meal plans (excluding Commuter Plan D) have unlimited meal credits for unlimited entry into Panther Dining Hall during their eligible time periods. The meal credit balance in Commuter Plan D declines with each entry into Panther Dining Hall until the balance reaches zero.

Flex Credits: Allows the meal plan holder to access goods and services from any dining location, including vending machines, pizza delivery and Groceries4U. Flex Credits represent available access and have no residual cash value. Flex Credits balances carry forward from fall semester to spring semester. Any balance remaining at the end of the spring semester is forfeited.

Meal Plan Costs (per semester/per person)

All freshmen are required to select meal plan A1 or A2. Upperclassmen may choose A1, A2, U1 or U2. Meal plan contracts are for the academic year and may be changed between semesters by contacting the Campus Services Office. Flex Credits carry over between Fall Semester 2019 and Spring Semester 2020. All Flex Credits are zeroed out at the end of the Spring Semester 2020.

* Upperclassmen only **Off-campus students only