2011–2012 UNIVERSITY CATALOG - Florida Institute of Technology

Satisfactory Progress Standards for Financial Aid Recipients
The academic records of all students admitted to Florida Tech
for the first time shall 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 progress
standards instituted by Florida Tech in accordance with federal law.
A review for compliance with these standards will be conducted at
least once a year and at other times as required.
Graduate students are expected to achieve and maintain a GPA
of 3.0 or higher. This GPA is calculated in accordance with the
guidelines contained in this catalog.
Graduate students are expected to satisfactorily complete 80 percent
of their attempted coursework. In general, full-time students
should complete at least nine credit hours per semester, and parttime
students at least five credit hours per semester. Florida Tech
University Online full-time students should complete at least six
credit hours per term. Part-time students should complete at least
three credit hours per term. Courses with grades of F, I, AU or W
are attempted courses but are not satisfactorily completed.
Federal Regulations require students to complete their degree
within 150 percent of the required credits.
TUITION AND FEES
Tuition and other charges for 2011–2012 will not be finalized until
approved by the university’s board of trustees in January 2011, and
will be available thereafter at www.fit.edu/registrar/registration/
tuitionchrgs.html. A hard-copy schedule of tuition and other
charges may also be obtained by contacting Florida Institute of
Technology, Office of Undergraduate Admission, 150 W. University
Blvd., Melbourne, FL 32901-6975, or the Office of Student
Financial Services at the same address.
Tuition for full-time Melbourne campus undergraduate students
(12–19 credit hours) is charged on a semester basis. Semester
tuition rates apply to the fall and spring semesters only. 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 University Online and Extended Studies Division
students pay tuition on a per-credit-hour basis.
For students enrolled in flight courses, flight fees are charged in
addition to tuition, through deposits made to the flight fees portion
of the student’s Panther card account (see “Panther Access
Card ID and Debit Account” in this section). Flight training in all
ratings is also offered to those who desire to proceed at an accelerated
or slower pace relative to the AVF sequence. For information
on courses and prices, please contact F.I.T. Aviation LLC, 640 S.
Harry Sutton Road, Melbourne, Florida 32901.
Payment Policy
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 the Extended
Studies Division are assessed the Extended Studies Division tuition
and fees. Extended Studies Division students at the Melbourne site
pay Melbourne campus rates.
Students enrolled in programs and pursuing degrees through
Florida Tech University 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 made directly
payable to the university. Students may also subtract any payment
plan (e.g., corporate reimbursement plan) under which payments
are made directly to the university by sponsoring organizations, and
for which the university has been notified in writing of the student’s
eligibility and acceptance. The student is responsible for submitting
all necessary paperwork 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/paymentpolicy
each semester. Payments should be made online through the
Panther Access Web System (PAWS) 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 printed 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 Accounts
Melbourne Campus
A nonrefundable tuition deposit of $300 is required of each new
full-time Melbourne campus student to signify intent to enroll in
a given semester and to ensure that the university reserves space
in its classes. The deposit is applied to the first semester bill. It
is considered a service fee covering the administrative cost of the
matriculation process and is nonrefundable, should a student fail to
register and/or enroll for the term accepted.
On payment of the initial tuition deposit, an account is established
in the accounting office for the student, using the student’s name
and the student number assigned by the university as the account
identification. Parents desiring to remit payments to the university
by mail are encouraged to do so provided the payment is mailed to
the attention of student accounting in time to reach the university
by the due date. All checks should show the student’s name and
last four digits of the student number on the face of the check to
assure proper credit to the student’s account.
If more money than required is remitted, any excess may be
refunded. The cost of books should not be included in payments
mailed to the university. Books and supplies are available at the college
bookstore and can be purchased by cash, check, approved credit
card or the Panther Access Card Debit Account. A student may
charge bookstore purchases to his or her account with the university,
provided it contains sufficient funds to cover such purchases.
Students in aviation programs can obtain books at F.I.T. Aviation by
Panther debit card, check or cash purchases. Students may view their
current account statement online through their PAWS account.
Financial Overview 21