There are a lot of great financial opportunities out there, and finding the right ones doesn’t have to be overwhelming. Our financial aid experts are eager to answer your questions and help you evaluate your options.
Gift aid includes any type of financial aid award that doesn’t require repayment. There are many types of gift aid available to Florida Poly students.
University Scholarships and Grants
The President’s Scholars program is for high-achieving incoming freshmen. Eligible students are identified and nominated for the program after they have applied to the University, and must also complete a program application. Candidates will then submit a proposal on a technological innovation of their choice and present it before a faculty panel. Students selected for the President’s Scholars program typically have an SAT score of 1420 and ACT of 32, are awarded a $50,000 scholarship ($12,500 annual scholarship over four years). Students must apply to Florida Poly and be admitted by November 15th in order to be considered for this opportunity.
The Florida Poly Provost Scholars program seeks gifted and uniquely talented high school students who have demonstrated excellence within their journey to date. Provost Scholars, who typically have an SAT score above 1320 and/or an ACT score of 30 or higher, receive scholarships of $2,000 up to $6,000 per year of attendance.
Florida Poly Merit Scholars
The Florida Poly Merit Scholars program seeks to identify students who will positively contribute to our campus culture and environment. There is not a separate application for these scholarships; all undergraduate applicants are considered on the basis of their full admission application and resources available. These scholarships start at $1,000 per year of attendance.
The Florida Poly Foundation offers a number of need-based scholarships, including:
State Scholarships and Grants
Florida Polytechnic University students are approved to use Florida Bright Futures Scholarships as well as other forms of state scholarships and grants.
Florida Bright Futures Scholarship Program
Florida Bright Futures is a state-funded program that awards college scholarships based on high school academic achievement. Florida Poly students are approved to use two of the program’s award levels: Florida Academic Scholars (covers 100 percent of tuition and fees), and Florida Medallion Scholars (covers 75 percent of tuition and fees).
Florida Student Assistance Grant (FSAG)
The FSAG program is a need-based grant program available to degree-seeking, resident undergraduate students who demonstrate substantial financial need.
Florida Poly is approved by the Florida Department of Veterans Affairs to formally accept veteran benefits for disbursement to eligible students. This includes tuition benefits to the sons and daughters of veterans as well.
The U.S. Department of Education offers a variety of federal grants for students with financial need. Grants, unlike loans, are a type of financial aid that generally does not need to be repaid, making them a great choice for covering college costs.
Federal Pell Grant
The Federal Pell Grant is available for students working on their first bachelor’s degree who demonstrate financial need. Award amounts are published by the U.S. Department of Education and are based on a student’s enrollment status. Pell Grant amounts are subject to change yearly and students may not receive a Pell Grant at more than one school at a time.
Supplemental Educational Opportunity Grant (SEOG)
The SEOG is awarded to Pell-eligible students who demonstrate exceptional need. It is important to complete your FAFSA as soon as possible because this grant is limited.
Award amounts will depend on the allotment that Florida Polytechnic University receives from the U.S. Department of Education and the number of students who demonstrate exceptional financial need.
Federal Iraq & Afghanistan Service Grant (IASG)
The IASG award is equal to the amount of a maximum Federal Pell Grant for the award year (July 1 through June 30), but cannot exceed your cost of attendance for that award year.
You may be eligible to receive the IASG if:
- You are ineligible for a Federal Pell Grant based on your expected family contribution, but meet all other criteria to qualify for Pell
- Your parent or guardian was a member of the U.S. armed forces and died as a result of military service performed in Iraq or Afghanistan after the events of 9/11
- You were under 24 years of age or enrolled in college at least part-time at the time of your parent’s or guardian’s death.
Student loans can help you cover the cost of your education but, unlike gift aid, the money borrowed must be repaid after you graduate.
Federal loan programs are provided by the U.S. Department of Education. With fixed interest rates and flexible repayment options, they are the smartest loan options for student borrowers.
Federal Subsidized Direct Stafford Loan
Federal Subsidized Direct Stafford Loans are loans made to eligible undergraduate students who demonstrate financial need. The U.S. Department of Education will pay the interest on a Direct Subsidized Loan:
- While you’re enrolled in school at least part-time
- For the first six months after you leave school (referred to as a grace period)
- During a period of deferment (a postponement of loan payments).
Federal Unsubsidized Direct Stafford Loan
Federal Unsubsidized Direct Stafford Loans are loans made to eligible undergraduate students. Unlike the Subsidized Direct Stafford Loan, a student does not have to demonstrate financial need to be eligible for the loan. Borrowers are responsible for paying all accrued interest on Unsubsidized Direct Stafford Loans. If you choose not to pay the interest during your deferment and forbearance periods, interest will accrue and be capitalized (added to the principal amount of your loan).
Federal Direct Parent Plus Loan
Parent PLUS loans are federal loans that parents of dependent undergraduate students can use to help pay for college costs. Applicants must be the biological, adoptive or, in some cases, step-parent of the dependent student. The parent who applies must not have an adverse credit history in order to borrow a PLUS loan.
PLUS loans can help pay for education expenses not covered by other financial aid. Parents may borrow up to the University’s published cost of attendance, minus any other estimated financial assistance.
If you’re a dependent student, you could be eligible for the following federal loan amounts:
Dependent undergraduate students have the option to borrow up to $31,000.00 in combined subsidized and unsubsidized direct loans.
Private student loans are an alternative way to fund your education when other financial aid options are not possible. We recommend that students consider private loans only as a last resort. They may assist in covering your college expenses, but these loans also tend to have higher interest rates and stricter repayment options than federal loans.
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Do you have questions about college costs, or need help navigating your financial aid options? Our knowledgeable team is here to help! Get in touch with us today to get started.