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Student Business Services 

Financial Aid Deferment

To qualify for financial aid deferment, a student must:

  • Be meeting Satisfactory Academic Progress.
  • Have a complete financial aid package pending disbursement.
  • Be enrolled at least half time.
  • Not owe any liabilities to the University from a prior semester.

Tuition and fees are due to the University by the published payment deadline, unless they receive a postponement through qualified funding sources. These sources include financial aid, third party sponsors and deferred payment plans.

Deferments do not relieve students of their obligation to pay and students who receive a partial deferment of tuition and fees must pay the remaining tuition and fee balance by the payment deadline.

Deferments are evaluated jointly by the Financial Aid Office and Student Business Services.

 

Automatic Deferment

There are special instances that merit automatic deferment. 

Instances where awarded and accepted financial aid is delayed due to circumstances beyond the student’s control.

In situations when an administrative error caused the student to be ineligible for an automatic deferment.

When the student experiences a documentable, unexpected financial hardship.

When the student has an acceptable third-party sponsor that has agreed in writing to pay for the student’s tuition and fees.

Third-party sponsors are private and public organizations, trust accounts, foreign countries, and government agencies that agree to pay a student’s tuition and fees. Students must provide written documentation of sponsor authorization that includes the amount of tuition and fees to be covered during a specified time period.

The Tuition Deferment Request Form must be submitted to Student Business Services with sponsorship documentation to ensure tuition and fees are properly invoiced. The Tuition Deferment Request Form includes a release that allows the Student Business Services to provide confidential student information to the sponsor as part of the invoicing process.

The Tuition Deferment Request Form must be provided to the Bursar before the end of the first week of classes. It may be delivered in person to Student Business services, 4700 Research Way, Room 103, Lakeland, FL 33805.

This form allows Florida Poly to bill sponsors and provide the following confidential information, if necessary, to sponsors, protected by the Buckley Amendment:

  • Description of the course
  • Number of credit hours enrolled
  • Course costs
  • Other payments and waivers

A $100 late registration fee will be assessed if the student registers late. If documents are submitted after the fee payment deadline, a late payment charge of $100 may be assessed. The sponsor is not responsible for paying the late registration or late payment fee charges, and neither charge will appear on the invoices. Students are responsible for all charges not paid by the sponsor.

Students who qualify for deferment, but hold balances at the end of the semester, are required to pay the remaining liability in full or a late payment fee will be assessed. If payment is not made within 90 days of the due date, the student’s deferment will be revoked, and the student will be responsible for the payment in full. Failure to provide payment in the appropriate time frame could result in the student’s account being subject to financial hold and schedule cancellation.

It is the responsibility of the student to:

  • Be aware of payment due dates.
  • Supply Student Business Services with appropriate documentation.
  • Be familiar with the terms and conditions of the sponsor program.
  • Be prepared to pay for a class, if registered for a class not covered by a sponsor, and provide amended documentation, if a sponsor is only covering specific courses.
The President or designee may award a 60-day tuition and fee payment deferment when the student is a recipient of VA benefits.

In accordance with Florida Statute 1009.27, Florida Poly will defer any tuition and fees for enrolled veterans, or other eligible students, expecting GI Bill Benefits (Chapters 30, 31, 32, 33, 34, 35, or, 106), if the university and recipient have done their due diligence, and funding in still delayed.

Third-party tuition reimbursement programs that repay students for tuition and fee liabilities. Students participating in a tuition reimbursement program must pay their tuition and fee liability by the payment deadline.

The following aid qualifies a student for deferment:
  • State awards (including Bright Futures, Florida Student Assistance Grant Program, and other need-based aid)
  • Institutional awards
  • Donor awards (through the Florida Polytechnic University Foundation, Inc.)

The following aid does not qualify a student for deferment:

  • Custodial private scholarships
  • The Office of Financial Aid, upon receipt of funds from a private organization, may qualify a custodial private scholarship as eligible deferment.