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Office of Financial Aid
150 W. University Blvd.
Melbourne, FL 32901
24/7 Message Line:
(800) 666-4348
Phone: (321) 674-8070
Fax: (321) 724-2778
E-mail: finaid@fit.edu
 
 
 

What Are My Expenses?
Our financial aid goal is to provide you with the means to finance your education at Florida Tech.

Approximate yearly charges for the 2008–2009 Academic Year (two semesters) are shown in the following table:

Engineering
and Science

Humanities
and Business

Aeronautics

Tuition and Fees

$30,190

$27,530

$27,530

Room (Double)

$ 6,000

$ 6,000

$ 6,000

Board (14 meals per week)

$  4,250

$  4,250

$  4,250

Flight **

N/A

N/A

$25,700

Totals*

$40,440

$37,780

$63,480

*Totals listed above do not include transportation, books or personal expenses.
**As a FL Tech Flight Student you will earn 94% of your flight training in multiple aircraft rather than training devices and you will begin flying right away.  Consequently, you should expect to incur 40% of your total flight costs in your Freshman year and another 40% in your Sophomore year. Flight costs are charged as you fly and are based on the aircraft type, actual flight hours and instructor hours and current fuel costs..  For FL Tech flight program details, click here.

Your Florida Tech award letter and the accompanying financial aid brochure 1-2-3 with it's personal work sheet will help you estimate net billable expenses for the year. 

 

Financing Out-of-Pocket Expenses

Pay by the Semester
For a two-semester academic year, use the 1-2-3 work sheet to help calculate your net billable expense.  Divide the annual amount by two and pay before the published semester due date.

Facts Tuition Management (annual payment plan or semester payment plans)
Many undergraduates choose the annual payment plan.  It divides the total expected Fall and Spring Semester net billable expense into 10 (or 9) monthly interest-free installments. The deadline to apply for the 10 month plan is July 23, 2008; however, you can still apply up to August 22, 2008 by doubling the initial payment from 10% to 20%. Many graduate students choose the semester payment plan.  For more details about these plans see the appropriate fact sheet:  Undergraduate Students or Graduate Students

 

Need to stretch expenses over a longer period?


The Federal PLUS Loan is one option for making the difference between available financial aid and estimated education costs and for stretching those expenses over a longer period of time.  Parents of dependent undergraduate students, or graduate students themselves, may borrow up to the cost of education less the value of other financial aid awards.   Plus Loans are based on the borrower's credit standing rather than on the student's financial need. For more information or to apply, see PLUS Loans.

Students may also qualify for private Alternative Educational Loans. These loans offer flexible repayment plans that may enable you to afford a quality education with managable monthly payments.  Since they are more expensive than Federal Loans, we recommend you explore your options with a Financial Aid Counselor before applying for an alternative loan.

For more information about all education loan types, click here

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