Florida Tech provides financial aid in the form of merit-based scholarships and need-based grants to qualified students.
Scholarships are awarded at the time of admission. A student must be admitted and enroll as a full-time, degree-seeking undergraduate student in Melbourne in order to claim an awarded scholarship. Scholarships listed below are available to domestic (U.S.) freshman unless otherwise indicated; and are listed separately.
Florida Resident Scholarships and Academic Scholarships are mutually exclusive; they do not "stack" and cannot be combined. If a student qualifies for more than one of the scholarships below, the student will be offered the higher scholarship, but not the sum of two or more. Scholarships in an amount less than full tuition may, however, be combined with Incentive Scholarships, Florida Tech Family Grants, and Need-Based Grants.
Florida Tech scholarships can be combined with state and federal scholarship and grant programs.
The following scholarships are available to students who are residents of Florida.
High school students who qualify for the Bright Futures Florida Academic Scholars (FAS) award are eligible to be considered for a Florida Tech Distinguished Scholar Award, a combination of scholarships and grants that covers full tuition plus the facilities and activities fees to attend Florida Tech.
The Florida Tech Distinguished Scholar Award is only available to first-time freshmen. To be considered, applicants must:
Annually, Florida Institute of Technology selects one exceptionally qualified student to receive a Farmer Scholarship, which includes full tuition, room and board, and fees.
All applicants will be considered for a Panther Fund Merit Scholarship. Academic, or merit scholarships, are based on an applicant's academic performance in high school (weighted GPA plus standardized test scores) and are determined at the time of admission. These scholarships are available to all domestic (U.S.) students, whether in-state or out-of-state. Panther Fund Merit Scholarship awards range in value but may cover up to 50% of tuition, regardless of financial need.
NCSSS high school graduates are eligible for a minimum Panther Fund Scholarship for 50% of tuition if they are admitted and enroll full-time. Students must meet the minimum merit scholarship requirements and submit a complete admission application indicating attendance at an NCSSS high school.
Participation in certain extracurricular programs makes you eligible for the following add-on scholarships.
Current members of an official high school FIRST Robotics or Vex Robotics team will be awarded an additional $2,500 Panther Fund Scholarship per year if they are admitted and enroll full-time. Students must submit a letter from their FIRST team adviser verifying participation during the year of application prior to their admission to the university, and complete the admission and financial aid process by May 1st of their senior year in high school.
Any new first-year student who has either earned the rank of Eagle Scout or achieved the Girl Scout Gold Award, and is accepted as a full-time undergraduate at Florida Tech’s Melbourne campus is guaranteed an additional scholarship of $2,500 Panther Fund Scholarship per year. Students must submit a copy of the certificate verifying their achievement prior to their admission to the university, and complete the admissions process by February 1 of the year immediately preceding their first semester.
Florida Tech competes in 20 NCAA Division II sports. The following sports offer athletic scholarships: baseball, men’s basketball, women’s basketball, football, men’s golf, men’s lacrosse, women’s lacrosse, men’s rowing and women’s rowing, men’s soccer, women’s soccer, softball, men’s swimming, women’s swimming and volleyball. For more information on athletic scholarships, please contact the athletic department.
Family grants are available to both domestic (U.S.) and international students.
Sons and daughters of Florida Tech alumni, enrolling in a full-time undergraduate program at Florida Tech, 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.
Sisters and brothers of students who are currently enrolled simultaneously as full-time undergraduates at Florida Tech are eligible for a $2,500 grant. This grant is renewable for up to four years. This grant is given in addition to any merit scholarship earned by the student.
Only students who complete the FAFSA will be considered for Florida Tech Need-Based Grants. The value of these grants varies depending on a student's level of unmet need after all other scholarships, grants are awarded. International students are not eligible for these grants.
Army ROTC Scholarship winners also receive a university grant that covers room and board during the term of their ROTC scholarship at Florida Tech. These scholarships are available to freshmen and transfer students.
Florida resident? You're in luck. Florida Tech works with the state to provide eligible students with Florida Bright Futures Scholarships and Florida State grants. You may also apply your Florida Prepaid College Plan savings to your Florida Tech education.
The Florida Bright Futures Scholarship program is only available to Florida residents who have graduated from a Florida high school and are citizens or permanent residents of the United States. 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 twelve (12) months prior to the start of the school year are considered residents. A full and complete description of rules and regulations regarding Bright Futures and other state aid can be found through the state's Office of Student Financial Assistance.
Eligible students receive approximately $6,930 (30 credits x $211/credit hour, plus $600) per year. Eligible applicants must have a 3.5 high school GPA, a 1290 SAT or 29 ACT composite and 100 hours of community service.
Eligible students receive approximately $4,800 (30 credits x $158/credit hour) per year. Eligible applicants must have a 3.0 high school GPA and a 1170 SAT or 26 ACT composite and 75 hours of community service.
Grade Point Average (GPA) Requirement
Students must have a minimum 3.0 cumulative GPA to renew their Florida Academic Scholars (FAS) award and a minimum 2.75 cumulative GPA to renew their Florida Medallion Scholars Award (FMS). FAS awardees who earn less than a 3.0 cumulative, but higer than 2.75 cumulative GPA will be renewed at the FMS award level, so long as they meet the credit hour requirement (see below).
Credit Hour Requirement
|Term 1 Hours Funded||Term 2 Hours Funded||Annual Earned hours Requirement|
|Full-Time (12 or more)||
|Three-Quarter Time (9-11)||Full-time||9+12=21|
Note that Bright Futures funds will not pay for withdrawn courses, repeated courses or remeidal courses. Satisfactory Academic Progress (SAP) appeals approvals through the university will not apply to this award and a separate appeal must be made, if the student is eligible to do so. Appeal eligibility requirements are limited and outlined by the state. For more details on Bright Futures requirements, reinstatements and other rules, please visit their website.
All full-time undergraduate students who meet the Florida residency requirements are eligible to receive this financial assistance from the state. The award amount varies from year to year and is based on available state funds; however, the amount awarded for 2018-2019 is $3,500. The state legislature will determine the amount for each academic year.
Grants approximately $1,000 per year and are based on demonstrated financial need, as determined by the FAFSA application.
To be eligible for renewal, students must have a 2.0 or higher cumulative GPA and must have completed at least 24 credit hours in the past academic year (or 12 credit hours in each term during the aid year in which the eligible student received aid). If a student does not meet the eligibility requirements at the start of the new academic year, the student must sit out a full year before being considered for renewal. Students who sit out a year must meet the minimum GPA requirements to be reinstated.
Note that Satisfactory Academic Progress (SAP) appeals through the university will not apply to these awards and a separate appeal must be made, if the student is eligible to do so. Appeal eligibility requirements are limited and outlined by the state. For more information on requirements, reinstatements and other rules, please visit Florida Department of Education's Website.
Florida Tech is an eligible institution for the Florida Prepaid College Plan (FPCP) program. Accumulated funds may be applied toward expenses at Florida Tech. Visit the FPCP office for further details. Visit MyFloridaPrepaid.com for complete details.
If you're home state is not Florida, you may still be eligible for state grant assistance. Visit this link to find out more information about state grant opportunities from your home state.
During your enrollment at Florida Institute of Technology, you may receive financial assistance and/or payments that exceed your semester tuition and fee charges. The overpayment can be received as a refund on your student account.
Both Domestic and International students may apply to waive university-sponsored insurance by providing proof of coverage.