Students must complete a Free Application for Federal Student Aid (FAFSA) every year. Your FAFSA must be received and processed by the federal processing system.
Additionally, students must meet all of the basic eligibility requirements below to receive Federal Direct Loans:
Undergraduate students must maintain a minimum cumulative GPA of 2.0. Graduate students must maintain a minimum cumulative GPA of 3.0.
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.
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.
The information you provide on the FAFSA calculates what is known as your Expected Family Contribution (EFC). The Office of Financial Aid uses the EFC to determine need-based financial aid. The EFC measures your family’s ability to contribute to educational costs, but is not necessarily what you are asked to pay.
To view your cost of attendance, please click here.
Your eligibility for financial aid is calculated by this formula: Cost of Attendance (COA) – Expected Family Contribution (EFC) = Financial Need.
The Office of Financial Aid cannot award financial aid above the student’s COA.
If you have been selected for verification, you will be notified by the Financial Aid Department at Florida Polytechnic University. This process is a federal requirement with the intent to improve the accuracy of the information submitted on the FAFSA.
It will require you to submit additional documentation in order to determine your financial aid eligibility. Once the verification process is complete, your financial aid awards may be revised to reflect your correct eligibility. Failure to complete the verification process will stop your financial aid from disbursing and any balance owed for tuition and fees will become your responsibility.
*In order for your Federal Student Aid to process, this step must be completed if you have been selected for Verification.
Florida Polytechnic University’s Office of Financial Aid will complete a Return to Title IV calculation for any Title IV recipient who withdraws prior to completing a semester within 30 days from the date of determining the withdrawal.
Students who have withdrawn from all courses before completing more than 60 percent of the semester are not eligible for 100 percent of their federal financial aid.
The University is required to return the unearned portion of the Title IV funds to the Federal Department of Education.
Please refer to the FPU-7.0033P Calculating Return to Title IV policy for additional information.