What is Financial Aid?

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Bright Futures Initial Eligibility Criteria for 2012-13 High School Graduates

NACAC College Fair

Judy Cromartie and Nan WorsowiczOctober 13, 20121Florida Department of EducationOffice of Student Financial Assistance

What is Financial Aid? Financial Aid is money received from state and federal governments and private institutions which is awarded to help students pay for college expenses.

Florida Department of EducationOffice of Student Financial Assistance2

Types of Financial AidThere are two types of financial aid: gift aid and self-help aid.Gift aid includes grants and scholarships gifts of money to pay for college that dont have to be repaid. Self-help aid includes employment, such as part-time jobs that help curb college expenses, and loans that you will need to repay.Financial Aid is based on demonstrated need and is designed to help students who cannot afford the cost of attending college. Scholarships based on merit should be seen as a reward for grades, special talents, creativity, leadership, or other criteria used to select recipients.


College CostsThe average cost for published tuition and fees in a public two-year college per year is $2,693.

The average cost for published tuition and fees in a public four-year college or university per year is $8,244.

Average surcharge for full-time out-of-state students at these institutions is $20,770.

The average cost for published tuition and fees in a private four-year college per year is $28,500.Florida Department of EducationOffice of Student Financial Assistance42011 Legislative ChangesFAFSA Requirement (Free Application for Federal Student Aid)Students are now required to submit a complete, error-free FAFSA for Bright Futures, Florida Resident Access Grant, and Access to Better Learning and Education GrantRequired annually of initial and renewal students any time prior to disbursementNo FAFSA = No $$Community service requirements increased for all three Bright Futures award levelsFAS 100 hours (increased from 75 hours) FMS 75 hours (increased from 0 hours) GSV 30 hours (increased from 0 hours) 5

Florida Department of EducationOffice of Student Financial Assistance2011 Legislative ChangesTest Score RequirementsRaising the Bar for Juniors, Sophomores & Freshmen

Graduation YearYear of Initial EligibilityFASSAT ACTFMSSAT ACT2011-122012-13127028980212012-132013-141280281020222013-142014-15129029117026Florida Department of EducationOffice of Student Financial Assistance2012 Legislative ChangesStudents who graduate from high school midyear may submit a Florida Financial Aid Application no later than August 31 prior to the students graduation, be evaluated for Bright Futures, and, if eligible, receive funding in the spring term following the students high school graduation. (This does not apply to DCPS students.)University of Florida Pilot Program students receive funding in spring and summer terms.Students graduating high school in 2012-13 must access an initial Bright Futures award within two years (rather than the current 3 years for reinstatement) following high school graduation and accept a renewal award for five years following high school graduation.

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Florida Department of EducationOffice of Student Financial Assistance2012 Legislative Changes (continued)The Gold Seal Vocational program will remain unchanged for renewing students. 2012-13 Initial Gold Seal Scholars WILL NOT BE FUNDED if enrolled in an AA or BA degree program.2012-13 Initial Gold Seal Scholars MAY BE FUNDED FOR UP TO 100% for the following programs of study at a Florida public or eligible Florida private postsecondary institution:Applied Technology Diploma, up to 60 credit hours or equivalent clock hours,Technical Degree Education Program, not to exceed 72 credit hours or equivalent clock hours,Career Certificate Program, not to exceed 72 credit hours or equivalent clock hours.

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Florida Department of EducationOffice of Student Financial AssistanceThe GPA PuzzleState GPADistrict GPACollege Admissions GPABright Futures GPAScholarship GPA

9Florida Department of EducationOffice of Student Financial AssistanceBright Futures Scholarship AwardsStudents may receive funding for ONE of the three awards:Florida Academic Scholars Award (FAS)Academic Top Scholars Award (ATS)Florida Medallion Scholars Award (FMS)Florida Gold Seal Vocational Scholars Award (GSV)

10Florida Department of EducationOffice of Student Financial Assistance10Florida Academic Scholars AwardGPA3.5 weighted GPA in required college preparatory credits (not rounded)Required Credits4 English (3 with substantial writing)4 Math (Algebra I level and above)3 Natural Science (2 with substantial lab)3 Social Science2 Foreign Language (sequential, in the same language) 16 college preparatory credits

May use up to 2 additional credits from courses in these academic areas and/or AP, IB, or AICE fine arts courses to raise GPA.

11Florida Department of EducationOffice of Student Financial AssistanceFlorida Academic Scholars AwardCommunity Service100 hours approved by district or private high schoolTest Scores1280 SAT Reasoning Test or 28 ACT National TestACT scores rounded up for scores with .5 and higherWriting sections not used in compositeSAT Subject Tests not usedDeadlines:For early (7th semester) eligibilityTests taken by January 31Community Service Hours submitted by end of first semesterFor summer (8th semester) eligibilityTests taken by June 30Community Service Hours submitted by graduation

12Florida Department of EducationOffice of Student Financial AssistanceFlorida Academic Scholars AwardOther ways to qualify must include 100 community service hours:National Merit or Achievement Scholars and FinalistsNational Hispanic ScholarsIB Diploma (based on exams taken before high school graduation)IB Curriculum with 1280 SAT or 28 ACTAICE Diploma (based on exams taken before high school graduation)AICE Curriculum with 1280 SAT or 28 ACTHome Education, registered with district Grades 11 & 12 and have a best composite score of 1280 SAT or 28 ACT13Florida Department of EducationOffice of Student Financial AssistanceFlorida Academic Scholars AwardOther ways to qualify must include 100 community service hours:GED with best composite score of 1280 SAT or 28 ACT and a 3.5 weighted GPA in the 16 required credits3-year standard college preparatory program with best composite score of 1280 SAT or 28 ACT and a 3.5 weighted GPA in the 16 required credits14Florida Department of EducationOffice of Student Financial AssistanceAcademic Top Scholars AwardOne FAS award recipient per countyRanked on BF GPA and SAT/ACT scoreAward established annually by the Florida Legislature in the General Appropriations Act prorated by term and hoursDetermined end of fall term following HS graduation and after term one disbursementsStudents and high school notified in November following high school graduation15Florida Department of EducationOffice of Student Financial AssistanceFlorida Medallion Scholars AwardGPA3.0 weighted GPA in required college preparatory creditsRequired Credits4 English (3 with substantial writing)4 Math (Algebra I level and above)3 Natural Science (2 with substantial lab)3 Social Science2 Foreign Language (sequential, in the same language) 16 college preparatory credits

May use up to 2 additional credits from courses in these academic areas and/or AP, IB, or AICE fine arts courses to raise GPA.

16Florida Department of EducationOffice of Student Financial AssistanceFlorida Medallion Scholars AwardCommunity Service75 hours approved by district or private high schoolTest Scores1020 SAT Reasoning Test or 22 ACT National TestACT scores rounded up for scores with .5 and higherSAT Subject Tests not usedWriting sections not used in compositeDeadlines:For early (7th semester) eligibilityTests taken by January 31Community Service Hours submitted by end of first semesterFor summer (8th semester) eligibilityTests taken by June 30Community Service Hours submitted by graduation

17Florida Department of EducationOffice of Student Financial Assistance970 SAT 21 ACT17Florida Medallion Scholars AwardOther ways to qualify must include 75 community service hours:National Merit or Achievement Scholars and FinalistsNational Hispanic ScholarsIB Curriculum with 1020 SAT or 22 ACT AICE DiplomaAICE Curriculum with 1020 SAT or 22 ACTHome Education, registered with District Grades 11 & 12 and 1020 SAT or 22 ACT with 3.0 weighted GPA in the 16 required credits18Florida Department of EducationOffice of Student Financial AssistanceFlorida Medallion Scholars AwardOther ways to qualify must include 75 community service hours:GED with best composite score of 1020 SAT or 22 ACT and a 3.0 weighted GPA in the 16 required credits.3-year standard college preparatory program with best composite score of 1020 SAT or 22 ACT and a 3.0 weighted GPA in the 16 required credits.19Florida Department of EducationOffice of Student Financial AssistanceFlorida Gold Seal Vocational Scholars AwardGPAs3.0 weighted GPA in the core credits required for graduation3.5 unweighted GPA in 3 Career and Technical Education credits taken over 2 academic years in one vocational program

This award is now limited to 72 semester hours towardsan AS, AAS, CCC, PSAV, except in the Applied TechnologyDiploma (ATP) it is limited to 60 semester hours. GSV no longer rolls over to Medallion level award.

20Florida Department of EducationOffice of Student Financial AssistanceFlorida Gold Seal Vocational Scholars AwardRequired Credits (4-year diploma)4 English4 Math (including Algebra I)3 Natural Science (2 with substantial lab)3 Social Science (U.S. Government, World History, U.S. History, and Economics)1 Fine or Identified Practical Art OR .5 in each1 Physical Education (to include the integration of health) 16 credits

21Florida Department of EducationOffice of Student Financial AssistanceTest Scores* SAT Reasoning Test440 Critical Reading440 MathACT National Test17 English18 Reading19 MathPERT104 Reading99 Writing113 Math

Florida Gold Seal Vocational Scholars Award22Minimum section scores in one test type must be met.

*Test types cannot be mixed and matched.

Community Service30 hours approved by district or private high school

Florida Department of EducationOffice of Student Financial AssistanceFlorida Gold Seal VocationalDeadlines:For early (7th semester) eligibilityTests taken by January 31Community Service Hours submitted by end of first semesterFor summer (8th semester) eligibilityTests taken by June 30Community Service Hours submitted by graduation

23Florida Department of EducationOffice of Student Financial AssistanceFlorida Gold Seal Vocational Scholars AwardOther ways to qualify must include 30 community service hours:3-year Career Preparatory Diploma with 3.0 weighted GPA in 14 core credits required4 English (3 with substantial writing)4 Math (including Algebra I)3 Natural Science (2 with substantial lab)3 Social Science (U.S. History, U.S. Government, World History, and Economics)3.5 unweighted GPA in a minimum of 3 Career and Technical Education credits in one vocational program

24Florida Department of EducationOffice of Student Financial AssistanceFlorida Gold Seal Vocational Scholars AwardOther ways to qualify must include 30 community service hours:3-year College Preparatory Diploma with 3.0 weighted GPA using 16 core credits required4 English (3 with substantial writing)4 Math (including Algebra I)3 Natural Science (2 with substantial lab)3 Social Science (U.S. History, U.S. Government, World History, and Economics)2 Foreign Language (sequential, in the same language)3.5 unweighted GPA in a minimum of 3 Career and Technical Education in one vocational program

25Florida Department of EducationOffice of Student Financial AssistanceFlorida Gold Seal Vocational Scholars AwardOther ways to qualify must include 30 community service hours:GED with 3.0 weighted GPA in core credits for selected HS graduation option (standard, career, or college), and3.5 unweighted GPA in 3 Career and Technical Education credits in one vocational program26Florida Department of EducationOffice of Student Financial AssistanceAward AmountsPublic and Private Institutions Students will receive the specified award amounts established annually by the Florida Legislature in the General Appropriations Act. Funding begins the fall following high school graduation.For current year award amounts visit: www.FloridaStudentFinancialAid.org/SSFAD/bf/awardamt.htm27Florida Department of EducationOffice of Student Financial Assistance

2012-2013 Award Amounts Per Credit Hour for Florida Bright Futures Scholarships

28SemesterHour AwardQuarterHour AwardClockHour AwardFlorida Academic Scholars (FAS)4 Year$ 100$ 672 Year$ 61$ 41$ 2.03Florida Public Colleges/Baccalaureate Programs$ 69Career/Technical Centers$ 50$ 33$ 1.67Academic Top Scholars (ATS)4 Year$ 43$ 292 Year$ 43$ 29$ 1.43Florida Public Colleges/Baccalaureate Programs$ 43Career/Technical Centers$ 43$ 29$ 1.43Florida Medallion Scholars (FMS)4 Year$ 75$ 502 Year$ 47$ 31$ 1.57Florida Public Colleges/Associate Degree Programs$ 61Florida Public Colleges/Baccalaureate Programs$ 51Career/Technical Centers$ 38$ 25$ 1.27Gold Seal Vocational Scholars (GSV)Renewed Students Only4 Year$ 75$ 50Renewed Students Only2 Year$ 47$ 31$ 1.57Renewed Students OnlyFlorida Public Colleges/Baccalaureate Programs$ 51Renewed and Initial Students -Career Certificate Program (PSAV's)$ 38$ 25$ 1.27Renewed and Initial Students -Applied Technology Diploma Program (ATD's)$ 38$ 25$ 1.27Renewed and Initial Students -Technical Degree Education Program (AS, AAS, CCC)$ 47$ 31$ 1.57Florida Department of EducationOffice of Student Financial Assistance28General Eligibility RequirementsFlorida resident and U.S. citizen or eligible non-citizen Pursue an undergraduate degree at an eligible Florida postsecondary institutionBegin using the scholarship funds within 2 years of high school graduation (unless enlisted in military)Graduate from a Florida public high school or FLDOE-registered private high school (for GED, Out-of-State & Home Education exceptions see www.FloridaStudentFinancialAid.org/ssfad/bf)Not be guilty of, or pled no contest to, a felony chargeBe enrolled for at least 6 non-remedial semester credit hoursSubmit an error-free Free Application for Federal Student Aid (FAFSA)

29Florida Department of EducationOffice of Student Financial AssistanceHow to ApplyStudents must complete the Florida Financial Aid Application (FFAA) before high school graduation, or forever forfeit BF eligibility Online application for seniors opens December 1.FFAA closes August 31Submit ONE application update as needed (access with User ID and PIN provided)www.FloridaStudentFinancialAid.org (Select State Grants, Scholarships & Applications)

Activate your User ID and PIN Know it! Use it! YOU are Responsible for your state financial aid!30Florida Department of EducationOffice of Student Financial AssistanceEligibility EvaluationsCompleted twice a year based on transcripts electronically sent to the Florida Department of Education by the graduating high school:After 7th semester (fall term) based on: Coursework completedCoursework in progress for spring semester Test scores for tests taken through January 31Community service completed by end of first semesterAfter 8th semester (graduation) based on:Coursework completedTest scores for all tests taken through June 30Community service completed by high school graduation

Note: Tests taken after January 31 will not be considered until the evaluation of the final transcript. The final transcript must also show the coursework and GPA requirement has been met.31Florida Department of EducationOffice of Student Financial Assistance31NOTE: Tests taken after January 31 may not be considered on a 7th semester transcript evaluation and will not be considered until the evaluation of the final transcript. The final transcript must also show the coursework and GPA requirement has been met.

Eligibility NotificationsPosted to students Financial Aid Recipient History online (no hardcopies or e-mails):

Mid-year (7th semester) begins March must have GPA, community service hours, test scores through January 31 AND an FFAA ApplicationFinal (8th semester) begins late July/Early Augustmust have GPA, community service hours, test scores through January 31 AND an FFAA Application

Students MUST monitor their award status online.32Florida Department of EducationOffice of Student Financial Assistancewww.flvc.orgFlorida Virtual Campus for Students is Florida's official online one-stop-shop in transitioning students from middle school through college. It is an advising system that can assist high school students, college students, parents, and even counselors to help plan and track educational progress in Florida. Go www.flvc.org:

Click on Student Services.Requires User ID/Password

See White Handout

Florida Department of EducationOffice of Student Financial Assistancewww.flvc.org


OSFA Home PageFlorida Department of EducationOffice of Student Financial Assistance36

State Programs & Bright FuturesFlorida Department of EducationOffice of Student Financial AssistanceCheck Your Status37

www.FloridaStudentFinancialAid.org

Florida Department of EducationOffice of Student Financial AssistanceBright Futures Splash Page now encourages student to Students: Activate Your User ID and PINKnow it, Use it, Be Responsible for your state financial aid! and to check their status online.37For More Informationwww.FloridaStudentFinancialAid.orgE-mail: [email protected] (Grants/Scholarships)1-800-366-3475 (Student Loans)Outreach Representative:Reyonna Parrish, Outreach [email protected] 850-410-683038

Florida Department of EducationOffice of Student Financial AssistanceIMPORTANT!Keep copies of ALL financial aid documents!

Florida Department of EducationOffice of Student Financial AssistanceOther SourcesUse www.finaid.org to search for available monies through scholarships and grants nationwide High School Guidance OfficeBe aware of recent scholarship scamsScams can be received via phone, letter in the mail, or E-mail Visit the Federal Trade Commission (FTC) website at www.ftc.gov for additional information on scams, or contact the FTC by calling 1-877-FTC-HELP (1-877-382-4357) or TTY 1-866-653-4261

Florida Department of EducationOffice of Student Financial Assistancewww.fastweb.comFastWeb offers a free scholarship database that includes over 1.3 million scholarships worth over $3 billionDatabase sources include local, national, and college-specific scholarshipsSearch and compare detailed college profiles on FastWebs databaseFastWebs database allows you to also search for internships or part-time job openings near your home or schoolFastWeb is recommended by more than 16,000 schools and 3,600 collegesAccess FastWeb by visiting www.fastweb.comrequires User ID and PasswordSee Blue Handout

Florida Department of EducationOffice of Student Financial AssistanceThank you!Judy [email protected] x 1305

Nan [email protected]

42Florida Department of EducationOffice of Student Financial Assistance42

What is Financial Aid?

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