Student Loans for Florida Institute of Technology Students
About Florida Institute of Technology
Florida Institute of Technology, or Florida Tech, is a relatively young technical school whose academic youth hasn’t stopped it from developing premier programs in sciences and engineering. With its main campus located in Melbourne, Florida, Florida Tech has many satellite campuses (too many to name here), and hosts 5,600 undergrads. It’s been listed as a Tier 1 national university (looking good), as well as a ‘Best Buy’ for both quality and cost of education in 2011. If these weren’t compelling enough reasons to attend Florida Tech, their mascot is a panther, which is awesome for two reasons: 1) panthers are awesome, and 2) you can make Anchorman jokes all the time.
Say you’re part of the 93% of students who receive FIT financial aid, which means you’re most likely both being given money and are borrowing money to attend Florida Tech. If that’s the case, you absolutely need to limit your spending. Melbourne’s got some cool attractions for college students, especially when it comes to restaurants, and, you know, beaches that are sunny and perfect year round. We want you to enjoy your time there, but we want you to keep a cap on your spending as well. Watch your cash, and limit how much you can spend over certain periods of time.
Applying for FIT Financial Aid
If you’re an in-state student, you need to fill out two forms to receive FIT financial aid. If you’re out of state, you only have to deal with one. The common form is the FAFSA, or Free Application for Federal Student Aid. If you’re in state, you get to fill out a Florida State Aid form, which allows you to be considered for state financial aid (loans at preferred interest rates, grants, scholarships, etc.). Filing these two forms isn’t terrible, but if you have questions, the Florida Tech financial aid office is reliably helpful, so give them a call about any application questions. Once you’ve filed your forms, your application for aid is complete: you’ll receive an aid award with your next tuition bill.
FIT Loans for Students
Aid packages from Florida Tech will contain a mix of loans, ‘free money’ awards, and self-help aid. ‘Free money’ awards mean scholarships and grants, while self-help aid refers to work-study programs. Most students are satisfied with their institutional and federal aid packages, but some have to go beyond the aid given them and take out private student loans to cover the total cost of attending Florida Tech. If you think you’ll need a private student loan to cover the cost of attending Florida Tech, use our student loan comparison tool to find the lowest-cost, best-fit loan for you. You can search a database of dozens of lenders, and once you find the loan that’s best for you, you can apply for it and pay off your outstanding tuition balance at Florida Tech.
A: Applying for Florida Tech financial aid is a simple process, and is similar to the process at any other institution. Students must complete and submit the Free Application for Federal Student Aid (FAFSA), which can be done either online or with a paper form. Once the FAFSA is complete, students should submit it to the Florida Tech financial aid office. After the materials are received, the Florida Tech financial aid office will evaluate students’ aid and send out aid packages shortly thereafter.
Q: Can students with a drug conviction apply for fit financial aid?
A: Drug convictions are taken very seriously by the Florida Institute of Technology, as students who have been convicted of drug possession may be suspended for a year on the first offense, for two years on the second offense, and for an indefinite period on the third offense. Intent to sell is taken much more seriously, as the student is barred from applying for at least two years. The suspension may be overturned, however, if the student completes a federally administered drug rehabilitation program.
Pay for Florida Institute of Technology*
|Total Avg. Cost||$46,350|
|Room & Board||$9,588|
|Financial Aid Information|
|Students Receiving Fin Aid||96%|
|Typical Grant Amounts|
|Avg. Other Stud. Loans||$16,086|
|%Receiving Other Loans||17%|
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*Data source is the Integrated Postsecondary Education Data System (IPEDS) the data collection program for the National Center for Education Statistics