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Financial aid comes in a variety of forms for those who qualify. It’s the ideal way to bridge the gap between what you’re able to contribute and the actual cost of attending school. Financial aid can come in the form of grants, scholarships, loans, and work-study programs.
Our financial aid representatives provide guidance and assistance to students to help determine the types of financial aid that may be available. We’ll walk you through the process step by step, starting with the important task of filling out the Free Application for Federal Student Aid (or FAFSA.)
Some examples of the types of financial aid you might qualify for include:
Federal Pell Grants usually are awarded only to undergraduate students who display exceptional financial need and have not earned a bachelor’s, graduate, or professional degree. A Federal Pell Grant, unlike a loan, does not have to be repaid, except under certain circumstances. Award amounts can change yearly.
Direct Subsidized Loans and Direct Unsubsidized Loans are federal student loans offered by the U.S. Department of Education (ED) to help eligible students cover the cost of higher education at a four-year college or university, community college, or trade, career, or technical school. (You might see Direct Subsidized Loans and Direct Unsubsidized Loans referred to as Stafford Loans or Direct Stafford Loans, but these aren’t the official loan names.)
Unsubsidized Loans – Unsubsidized loans are available to students regardless of financial need. Students are responsible for repaying interest during all periods.
Subsidized Loans – Subsidized student loans are available for students who have demonstrated financial need. They have slightly better terms than unsubsidized student loans, because the U.S. Department of Education pays your interest while you are in school and for a six-month grace period after you graduate.
While the benefits of the Florida Prepaid College contract may be used at this institution, the Florida Prepaid College Board does not endorse any particular educational institution.
From time to time, Florida Academy facilitates scholarship opportunities available to students from national and local associations. Details regarding scholarship requirements and deadlines will be posted on our Scholarships page.
For more information on financial aid or to schedule an appointment with a financial aid representative, contact us today at (239) 738-7618.
