Terms and Conditions

Please read these items carefully, as they detail the conditions you must meet and maintain in order to be eligible for Federal, State, Institutional, and other types of financial aid.

Award Amounts

  • Financial aid awards are estimated based on information reported by you, by various agencies, and from data collected from the Free Application for Federal Student Aid (FAFSA).
  • If your application contains incorrect or incomplete data, or if your student status changes in any way (Residency, career, hours enrolled, class level, or expected graduation date, etc.) or if you receive additional financial assistance not reflected on your award offer, then your eligibility may change and your awards may be subject to revision, cancellation, or repayment.
  • If you will receive any additional resources not considered in your award offer (such as TUITION WAIVERS or SCHOLARSHIPS), you must report these resources to our office by entering information on the REPORT OTHER FINANCIAL AID link in your Student Center. The FSU Office of Financial Aid will review the information, and if necessary, revise your award.
  • Failure to report a resource may require you to repay aid at a later date. Awards are contingent upon continued eligibility and funding from federal, state, and institutional sources, and upon state legislative decisions regarding tuition. Awards are subject to change and may be rescinded or reduced if funding is insufficient or discontinued, or if tuition amounts change.
  • If your application for aid (FAFSA) is selected for verification by the federal processor or by the school, you may be required to submit additional documentation.  If your FAFSA is corrected based on this information, your award may be revised. 

Satisfactory Progress

Your financial aid will be revoked if you fail to maintain Satisfactory Progress as defined by federal regulation.  Federal regulations require that all students must meet Satisfactory Academic Progress Standards in order to be eligible to receive financial aid.  FSU measures Satisfactory Academic Progress based on total hours attempted, total hours completed, and grade point average.  Please see our complete Satisfactory Academic Progress Policy here

Enrollment Requirements

  • Awards are based on full time enrollment and may be adjusted at the end of drop add. If you are less than full time, your awards may be subject to revision, cancellation, or repayment.
  • FSU recommends that all students enroll for 15 hours per term (Fall/Spring) in order to progress towards graduation in 4 years. 
  • You must enroll in a minimum of 6 credit hours per semester to be eligible for financial aid
    • this includes Federal Direct Loan and Federal Perkins Loan
    • The Federal Pell Grant is prorated for less than 12 credit hour enrollment
    • Florida Student Assistance Grant (FSAG) is prorated for less than 12 credit hour enrollment (minimum 6 credit hour required)
    • The First Generation Matching Grant (FGEN) requires full time (12 credit hours per term) enrollment.
    • Most scholarships (including FSU Institutional Merit scholarships and Athletic scholarships) require a minimum of 12 credit hours per term. Underload authorization required for disbursement below 12 credits.
    • FSU Foundation scholarships require a minimum of 6 credits hour enrollment (underload authorization required for disbursement below 6 credits)

Work-Study

  • Work Study gives a student the opportunity to earn a bi-weekly paycheck for work performed on campus or with an approved off-campus non-profit.
  • If you have a Work-Study award you need to accept or decline the award.
  • If you accept work study, you will receive an email providing you with additional instructions on job opportunities and the payroll authorization process.
  • If you decline the award, it will be removed for both terms.
  • Students must maintain a minimum of 6 credit hour enrollment to be eligible for Work Study

 

Bright Futures

  • Incoming Freshmen may see an Estimated/Self-Reported Bright Futures award.  This award is based on the student’s indication at time of application for admission that they will be eligible for this award.  Final confirmation must come from the State of Florida, Department of Education before any award will be paid (this generally is finalized in July each year).
  • Bright Futures awards are estimated based on enrollment for 15 credits per term (unless the remaining hours are less than 15 for the term)
  • Actual Bright Futures disbursement will vary depending on hours enrolled at the end of drop/add. If you drop a class after the Bright Futures scholarship disburses, you will be required to repay the Bright Futures award amount applicable to the credit hours dropped.
  • Enrollment in more than 15 credits may increase your Bright Futures award, which may require adjustment to other aid. Please contact our office if you will enroll in more than 15 credits for a review of your file to prevent overpayment.

Please review renewal requirements for Bright Futures scholarships here 

 

Federal Pell Grant Limits

  • Federal regulations limit payment for Federal Pell Grant to 12 full time terms. Part time enrollment will be tracked as a percentage of 12 full time terms.
  • Once a student has met the limit, no further Pell payment can be made.

Loans

  • Loans are awards that must be repaid
  • Loans are awarded based on federal guidelines / limits per career and class level. Information may be found at studentloans.gov
  • We recommend students review the financial planning and budgeting information available through the SALT program
  • If you have been awarded Stafford Loans and wish to receive them, you must accept the loan offer each term. See the Loan Actions
  • Federal regulations limit how many years a new Subsidized Stafford loan borrower can receive Subsidized Stafford Loans
  • When a student (who borrows from the Subsidized Stafford Loan program for the first time on or after July 1, 2013) goes beyond 150% of the published time for their academic program, they will no longer be eligible to receive any additional subsidized loans, and the interest subsidy on any subsidized loans received from July 1, 2013 will expire

 

Waivers/Agency Billings

  • Waiver amounts shown may be estimated amounts based on the receipt of a previous waiver.
  • Verify the actual waiver/billing amount with the department granting the waiver. Other awards may be adjusted based on the amount of your actual waiver.
  • If you will not be receiving the waiver or agency billing, you may contact our office to have the amount removed from your award file. Your awards may be adjusted to reflect the waiver reduction
  • Late posting of waiver may result in financial aid repayment

50% Out-of-State Tuition Reduction Scholarship

The total amount of this award is a 50% reduction (waiver) of the out-of-state portion of tuition. It is based on 15 hours of enrollment for both Fall and Spring semesters. The Tuition Reduction Scholarship will automatically be renewed each term provided you maintain out-of-state residency. The waiver amount is only applied toward tuition and does not include other fees, nor does it apply toward study-abroad programs. The waiver amount is subject to change based upon enrolled hours and tuition rates (as determined by Florida Legislation). For information about tuition costs, click here.

100% Out-of-State Tuition Reduction Scholarship

The total amount of this award is a 100% reduction (waiver) of the out-of-state portion of tuition. It is based on 15 hours of enrollment for both Fall and Spring semesters. The Tuition Reduction Scholarship will automatically be renewed each term provided you maintain out-of-state residency. The waiver amount is only applied toward tuition and does not include other fees, nor does it apply toward study-abroad programs. The waiver amount is subject to change based upon enrolled hours and tuition rates (as determined by Florida Legislation). For information about tuition costs, click here.

Florida Incentive / Benacquisto Scholarship

  • This is a state funded scholarship for Florida resident, National Merit Finalists who receive qualifying scholarships
  • FSU may post estimated awards for students who may potentially be eligible for this scholarship.  Final award is conditional upon the student meeting all requirements. Please see the State of Florida Fact Sheet here
  • Eligible students must successfully complete all hours registered for at the end of drop/add each term to continue to be eligible for the scholarship. 
  • Students must maintain a 3.0 GPA
  • GPA and Hours completed are reported to the State of Florida at the end of each Spring term for renewal review.

Last updated 3/16/2017
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