Financial Aid Resources
Florida Poly is here to support you every step of the way when it comes to paying for college.
This page provides the essential policies, guidelines, and tools you need to understand your financial aid and make the most of available funding. From eligibility requirements to award conditions, we’ll help you navigate it all.
Satisfactory Academic Progress
Financial aid recipients must comply with Florida Polytechnic University’s satisfactory academic progress (SAP) requirement for federal aid. GPA, completion ratio, and maximum time frame are reviewed each semester.
GPA
Undergraduate students must maintain a minimum cumulative GPA of 2.0. Graduate students must maintain a minimum cumulative GPA of 3.0.
Completion Ratio
A student must complete 67 percent of all attempted credit hours, including transfer hours. The calculation used to determine successful SAP completion is: Total Cumulative Credit Hours Successfully Completed ÷ Total Cumulative Hours Attempted = Percentage of Completed Courses Result.
Maximum Time Frame
The maximum time frame for a student to complete his/her degree is 150 percent of the required number of credit hours needed to graduate.
The Office of Financial Aid will review a student’s SAP at the end of each semester to determine if the student has met the minimum requirements to remain eligible for Federal Student Aid.
Please refer to the FPU 5.00742 Satisfactory Academic Progress Policy for additional information on SAP, including Warning, Appeal and Probation.
Disbursement of Financial Aid
Disbursement of financial aid is the process in which financial aid awards (scholarships, grants, loans, etc.) are posted to the student’s ledger.
More Information
- Timely processing of a student’s financial aid disbursement is contingent upon the student being actively enrolled in the semester and meeting all eligibility requirements for their awarded financial aid.
- Disbursement for each semester occurs after the add/drop period for that semester. Disbursement processing continues on a weekly basis after the add/drop period until the end of the semester.
- After the add/drop period, the Office of Financial Aid will adjust a student’s financial aid award based on the student’s finalized enrollment for the semester. Students enrolled less than full time may have their financial aid award(s) reduced and/or canceled for not meeting the required enrolled hours to receive their aid.
- When disbursements have been posted to the student’s ledger, charges on the student account will be deducted from the student’s disbursed financial aid. If a student has additional financial aid in excess of the charges on their ledger, they may receive a financial aid refund for that excess amount.
- Any charges that remain on the student account after financial aid has been disbursed or any charges posted to the student account after disbursements have been made will be the student’s responsibility to pay. Students may view any outstanding balances on their student account by clicking the “My Ledger” section on their student portal.
- Students who have not had their awards disbursed after the add/drop period and have questions concerning the status of their financial aid awards are encouraged to reach out to the Office of Financial Aid to discuss their award eligibility.
Financial Aid Refunds
Student Refunds
Florida Poly delivers financial aid and other school refunds to students through BankMobile Disbursements, a technology solution, powered by BMTX, Inc.
Servicer Contract Information
- Review the terms and conditions of the Universities contract with BMTX, Inc. and related fee disclosures.
- Review the terms and conditions of the Universities contract with Blackboard, the previous refund servicer.
Financial Aid Refund to Housing
Financial Aid applies toward tuition, fees, and your meal plan first. Any remaining amount of aid on your account can be used toward your housing costs. Because our Phase 1 housing is owned by a third party, authorization is required in order to send financial aid funds. No authorization is needed for Phase 2 housing. Phase 2 housing will be automatically charged on your University ledger.
If you would like us to send your financial directly to Student Living (for Phase 1 housing only), please complete the Authorization to Apply Financial Aid to Housing Charges form and return to financialaid@floridapoly.edu.
Disclosure Information
Review the 2018-19 award year Student Financial Account Fee Data and Contract Monetary/Non-Monetary Considerations with BlackBoard, the previous refund provider.
Information concerning the mean and median costs incurred by student account holders, the total monetary consideration paid or received by parties under the contract, and total non-monetary consider paid or received by the parties under the contract for the most recently completed award year is available online.
Related Forms:
