Florida Financial Aid Fund (FFAF) & Free Application for Federal Student Aid (FAFSA) Guidelines

Visit Student Aid Government website for Frequently Asked Questions and additional details regarding FAFSA.

When to Apply For Financial Aid

Application process and deadlines may vary from school to school. Visit each school’s website for more information on financial aid.

Florida Financial Aid
Financial Resources

College Board: Net Price Calculator

  • Using the financial information you enter, the NET Price Calculator estimates the amount of money your family would be expected to contribute.
  • Evaluates your eligibility for financial aid at specific colleges by matching your financial and personal characteristics to the criteria the schools used to distribute financial aid.
  • Provides understanding to what a specific college is likely to cost; allowing for a better comparison of your out-of-pocket expenses.

College Board: Savings Tools

  • More than ten different tools and calculators to help organize your college payment plan and help you learn how to find the best savings.

FAFSA4caster

  • Gives you an understanding of the different options you have to pay for college.
  • Will need to provide basic information so the forecaster can estimate your eligibility for federal student aid.

FastWeb

  • Leading online resource to help you find scholarships right for you.

Money Geek

  • If you are a woman seeking for ways to fund your education, you will probably find plenty of choices here when looking for scholarships.

Wells Fargo Veterans Emergency Grant Program

  • Emergency grants are available on an ongoing basis for eligible veterans who are enrolled in postsecondary education and experience unexpected financial difficulties that might cause them to drop out of school. Grants will be available for a one-time distribution up to $1,000 based on the cost of the emergency need, such as rent, utilities, daycare and medical expenses. There is no application deadline, but grants will be awarded on an ongoing basis until funds are exhausted.
Florida Financial Scholarships
Florida Academic Scholars (FAS)Florida Medallion Scholars (FMS)Gold Seal Vocational Scholars (GSV)Children of Deceased or Disabled VeteransSpouse of Deceased or Disabled Veterans
16 high school course credits16 high school course creditsStandard High School DiplomaBe a dependent child of a qualified veteran whose official military and residency status is certified by the Florida Department of Veterans AffairsBe the spouse of a qualified veteran whose official military and residency status is certified by the Florida Department of Veterans Affairs

Have been a Florida resident for one year immediately preceding the occurrence of the veteran’s disability or time of death
3.5 weighted GPA3.0 weighted GPA3.0 weighted GPABetween the ages of 16 and 22

Be an initial eligible student prior to their 23rd birthday
Be married to the disabled veteran for one or more years, or remain unremarried after the deceased spouse
ACT/SAT: 29/1290ACT/SAT: 26/1170ACT: English 17, Reading 19, Math 19
SAT: 880
Receive educational opportunity until such a time as the parent so classified as prisoner of war or missing in action is returned alive or until classified otherwiseFunding accepted only during the duration of the marriage and up to the point of termination of marriage by dissolution or annulment
100 service hours 76 service hours31 service hoursComplete FFAA by April 1stApply within 5 years of Veteran’s death
Federal Loans and Grants

Grants

  • Grants are money given to undergraduate students who qualify for financial aid assistance to attend college. These grants do not have to be repaid.
  • Scholarships are money given to certain undergraduate students but they are given through a merit-based qualification, while grants are given through need-based.

Loans

  • Money the federal government or private source loan you that must be paid back with interest.
Florida Loans
Type of LoanLoan FeaturesAnnual Reward
Federal Perkins Loan• Undergraduate and graduate students
• Eligibility depends on student’s financial need and availability of funds
• Interest rate 5%
• College is the lender; payment is owed to the college that gave the loan
Undergraduate students: up to $5,500 per year

Total amount may not exceed $27,500 for undergraduates
Direct Subsidized Loan• Undergraduate students who are enrolled at least half-time and demonstrate financial need
• Loans first disbursed after July 1, 2014, and before July 1, 2015, interest rate is 4.66%
• Student is not usually charged interest on the loan during certain periods
• Payment is owed to the U.S. Department of Education(lender)
$3,500-$5,500 per year, depending on grade level
Direct Unsubsidized Loan• For undergraduate and graduate students who are enrolled at least half-time; financial need is not required
• Loans first disbursed on or after July 1, 2014, and before July 1,2015, interest rate is 4.66% for undergraduate students
• Student is responsible for interest during all periods
• Payment is owed to the U.S. Department of Education (lender)
$5,500-$20,500 (less any subsidized amounts received for same period), depending on grade level and dependency status
Direct PLUS Loan• For parents of dependent undergraduate students and for graduate or professional students; financial need is not required
• Student must be enrolled at least half-time and must be either a dependent undergraduate for whom a parent is taking out a Direct PLUS Loan or a graduate or professional student who is receiving a Direct PLUS Loan
• Loans first disbursed on or after July 1, 2014, and before July 1, 2015, interest rate is 7.21%
• Borrower must not have a negative credit history
• Borrower is responsible for interest during all periods
• Payment is owed to the U.S. Department of Education (lender)
Maximum amount is cost of attendance minus any other financial aid student receives; no minimum amount