FEDERAL AND STATE GRANTS
Grants are considered "gifts" that are awarded based on financial need.

Federal Pell Grant* - Eligibility is based on financial need and determined by a standard federal formula. Grants to eligible full-time students can range up to $4,731.00 for each academic year (three quarters).

FSEOG - The Federal Supplemental Educational Opportunity Grant (FSEOG) program awarded additional funds to students who have exceptional financial need, based on federal guidelines. Funds are limited; the average amount that an eligible student may receive is between $200 and $400 per term.

State Grants** - The ABLE Grant is available to Florida undergraduate students enrolled in degree programs at eligible private Florida colleges and universities who meet the following criteria

• Maintain Florida residency for a minimum of 12 months prior to class start
• Enroll for a minimum of 12 credit hours per term
• Earned a minimum cumulative GPA of 2.0 on a 4.0 scale

LOAN PROGRAMS
All students who apply for financial aid are considered for eligibility for state and federal loan programs. These carry several advantages: payments that typically begin after the student leaves school, low interest rates, and a repayment period of up to ten years.

Federal Stafford Student Loan* - Students may borrow Federal Stafford loans in amounts ranging up to $3500 for the first year, $4500 for the second year and $5500 for third and fourth years.

Independent students (and certain dependent students) may borrow an additional unsubsidized loan amount up to $6000 for the first and second years and $7000 for the third and fourth years.

Federal PLUS Loans - Eligible parents of dependent students may borrow through the PLUS (Federal Parent Loans to Undergraduate Students) program for an amount up to the difference between the student’s educational costs and other financial aid the student receives for each academic year (three quarters). The Loans are made directly through banks, savings and loan associations credit unions and other lenders. Parent borrowers are subject to a credit review by a national credit bureau.
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*Students need to reapply for financial aid each year
**Funds are limited and are on a first-come, first serve basis per academic year