spacer spacer spacer
> FAU PEOPLE DIRECTORY > SITE INDEX > ALTERNATIVE VIEW
spacer
spacer
spacer CATALOG SEARCH spacer
spacer
spacer
spacer FAU WEB SEARCH spacer
spacer
FAU LifeLong Learning, Boca Raton
Back to previous page  
 
menu
GENERAL INFORMATION

 


Financial Assistance Opportunities

Need-Based Financial Aid

Summer Financial Aid

Grants

Loans

Student Employment Programs

Concurrent Enrollment Procedures for Students Receiving Financial Aid

Non-Need-Based Financial Aid


Short-Term Advance

Non-Resident Tuition Exemption Program for International Students

Scholarships

Veterans Affairs


Florida Atlantic University offers comprehensive financial aid programs to assist in meeting reasonable educational expenses by both full-time and part-time students who might otherwise be unable to afford college. Reasonable educational expenses include tuition and fees, room and board, books and supplies, transportation, miscellaneous personal expenses and expenses related to childcare of a student’s dependents.

For financial aid purposes, undergraduate students enrolled for 12 or more credits and graduate students enrolled for 9 or more credits are considered “full-time students.”

In addition to providing funds on the basis of demonstrated financial need in the form of grants, work study awards and loans, FAU offers scholarships to recognize and reward talent, academic achievement and meritorious performance.

Students who may be eligible for educational benefits under any Veterans Administration program should see the subsection Veterans Affairs in the Student Services and Activities section of this catalog. Students should also contact the Student Financial Aid Office on campus well in advance of their first registration at the University.

The Florida Atlantic University financial aid program is administered by the Office of Student Financial Aid without regard to race, creed, color, sex, physical handicap or national origin. This ensures equitable treatment of all qualified applicants. For forms to submit and information concerning financial aid, scholarships, need-based employment and other special programs, contact the Office of Student Financial Aid by visiting its website or calling 561-297-3530, Boca Raton campus; 954-236-1229, Broward campuses; 561-799-8697, Jupiter campus; and 772-873-3300, Port St. Lucie/Treasure Coast campus.

New Students to FAU
To further assist new students to FAU with the financial aid process, please visit the Office of Student Financial Aid website and click on the “New Students to FAU” link. Students can also view a brief slideshow presentation offering an overview of financial aid.

topofpage

Need-Based Financial Aid

The need-based financial aid programs are administered according to a nationally accepted policy that the family, meaning parents, student and/or spouse, is responsible for a student’s educational expenses. Need-based financial aid is available to fill in the gap that may exist between the total cost of education and what the family can reasonably be expected to contribute. This aid is awarded on the basis of greatest financial need with priority given to those students who apply by the FAU priority consideration date (March 1). Applying as soon as possible after January 1 is recommended. Complete the FAFSA application (Free Application for Federal Student Aid) as soon as possible after January 1 each year. FAU school codes are Boca campus: 001481; Davie campus: E00584; Jupiter and Treasure Coast campuses: E00830.

Eligibility Requirements for Need-Based Financial Aid
To be considered for financial aid, a student MUST meet the following criteria:

1. Be accepted for enrollment at FAU in a degree-seeking program.

2. Be a U.S. citizen, permanent resident or eligible non-citizen.

3. Have completed all required forms.

4. Make academic progress in earning a degree according to the standards of the FAU satisfactory progress policy for financial aid recipients.

The major need-based student aid programs available to eligible FAU students are listed below:

Eligibility (Student Requirements)
After submitting the Free Application for Federal Student Aid (FAFSA), students must immediately fulfill any outstanding student requirements. Funds will not disburse until the student’s financial aid file is complete. If there are any unsatisfied requirements, students will receive an email notification via their FAU email account. Check Self-Service (OWLS) via MyFAU regularly to ensure all of your financial aid requirements have been satisfied.

Verification

Applicants randomly selected for verification by either the U.S. Department of Education or the Financial Aid Office must complete a Verification Worksheet form (Independent or Dependent) and provide any additional documentation requested by the Financial Aid Office. Financial Aid applications are not considered complete and funds will not be disbursed until the verification process is complete. Please submit copies of all required documents, with the exception of citizenship documentation which MUST be submitted in its ORIGINAL form.

topofpage

Summer Financial Aid

Students requesting financial aid for summer terms may do so on Self-Service beginning the first business day in February of each year and must meet the following requirements:

1. The applicant must have completed a FAFSA and must have it on file in the FAU Office of Student Financial Aid.

2. The applicant must have no unsatisfied document requirements.

3. The applicant must meet all other general aid requirements, including admission to an eligible degree.

4. The applicant must respond to all questions regarding summer financial aid on Self-Service. There are only four questions to answer when requesting summer financial aid.

Here is the procedure to follow:
1. Log on to MyFAU.

2. Click on the Money Matters tab.

3. Click on the Request for Summer Financial Aid link.

4. Click on the Financial Aid tab or menu link.

5. Click on the My Award Information link (select award year, if prompted).

6. Click on the Resources/Additional Information link.

Apply early because funds will be available on a first-come, first-served basis. For information on summer financial aid, click here and then click on the Summer Information Bulletin link.

Summer Enrollment Requirements
Financial aid applicants must register for ALL summer sessions (summer terms 1, 2 and 3) by the summer 1 drop/add deadline (see Academic Calendar for date) and must remain at least half-time (see criteria below for definition of half-time enrollment) to be considered eligible for most forms of aid.

Regardless of award projections, all types of grant support are directly linked to the hours attending. Grant disbursements will be calculated based upon a student’s final enrollment at the end of drop/add week. Grants may be reduced based on changes in hours attended. Enrollment classification is determined according to the table below:

Full-time Enrollment Credits
Undergraduate (including second bachelor’s) 12 credits
Graduate 6 credits
3/4-time Enrollment  
Undergraduate (including second bachelor’s) 9 credits
Graduate 5 credits
Half-time Enrollment  
Undergraduate (including second bachelor’s) 6 credits
Graduate 3 credits

Less Than Half-time
Students will NOT be eligible for grants if they are enrolled less than half-time at FAU. In some cases, Federal Pell Grant recipients may be eligible to receive their Pell Grant with less than half-time enrollment. Some private/alternative loans are available for students enrolled less than half-time if additional funds are needed.

topofpage

Grants
(Changes effective immediately.)
The Academic Competitive Grant is a program of direct assistance for first- and second-year students who are Pell Grant recipients (see Federal Pell Grant below), are enrolled full-time at FAU and have completed a rigorous high school curriculum.

The FAU Grant is a program of direct grant assistance for undergraduate and graduate students enrolled at least half-time at FAU. Funds are limited and awards will be made first to those who meet the priority consideration date of March 1 and who demonstrate the greatest financial need.

The Federal Pell Grant is an entitlement program meaning that any student who applies and is eligible will receive the grant. Pell grants are awarded only to students who have not earned their first bachelor’s degree. Application is made by completing the FAFSA (see Need-Based Financial Aid heading above). Early application is encouraged.

The Federal Supplemental Educational Opportunity Grant (SEOG) is a program of direct grant assistance for first baccalaureate degree students enrolled at least half-time at FAU. Funds are limited and awards will be made first to those who meet the priority consideration date of March 1 and who demonstrate the greatest financial need.

The First Generation Matching Grant is a program of direct assistance for first-time-in-college freshmen or Florida community/state college transfer undergraduates enrolled at FAU who demonstrate financial need and whose parents have not earned a baccalaureate degree.

The Florida Student Assistance Grant is a program of direct grant assistance for Florida residents seeking a first baccalaureate degree and enrolled full-time at FAU. Funds are limited. Eligible students who meet the priority deadline of March 1 will be the first to receive the awards. Some funds are available for part-time students.

The SMART Grant is a program of direct assistance for third- and fourth-year students enrolled full-time at FAU. These students must have a grade point average of at least a 3.0, must be Pell Grant recipients and must be pursuing a major in mathematics, science, technology, engineering or a critical language.

topofpage

Loans

Federal Perkins Loans are available for undergraduate and graduate students enrolled at least half-time at FAU. Repayment of principal and 5 percent interest begins nine months after the student graduates, withdraws or drops below half-time enrollment. Funds are limited. Awards are made based on the priority consideration date, which is March 1.

(Changes below are effective spring 2012.)
The Federal Direct Loan Program, also known as Stafford Loans, is for undergraduate and graduate students who enroll at least half-time at FAU. The lender is the U.S. Department of Education, which offers these low interest loans to assist students and parents in paying for the cost of education. Repayment begins six months after the student graduates, withdraws or drops below half-time enrollment. The yearly maximum borrowing limit for a student is a function of the student’s dependency status (as determined by the U.S. Department of Education guidelines) and the student’s grade level, according to the table below:

Academic Level Dependent Independent*
Freshman $5,500, total of which $3,500 may be subsidized $9,500, total of which $3,500 may be subsidized
Sophomore $6,500, total of which $4,500 may be subsidized $10,500, total of which $4,500 may be subsidized
Junior $7,500, total of which $5,500 may be subsidized $12,500, total of which $5,500 may be subsidized
Senior $7,500, total of which $5,500 may be subsidized $12,500, total of which $5,500 may be subsidized
2nd Bachelor $7,500, total of which $5,500 may be subsidized $12,500, total of which $5,500 may be subsidized
Graduate N/A $20,500, total of which all is unsubsidized

* A dependent student whose parent has been denied access to the Federal PLUS program may be eligible to borrow at independent student loan limits.

Direct Loan Entrance Counseling and Master Promissory Note
As part of the federal government’s initiative to reduce defaults on student loans, Direct Loan recipients who are obtaining their first Direct Loan at FAU are required to complete Stafford Loan Entrance Counseling prior to receiving their first loan disbursement. Entrance Counseling is conducted through an online entrance counseling seminar available through Direct Loan Servicing at www.studentloans.gov. Students must also complete a Master Promissory Note (MPN) with the Department of Education to process the loan; this is also completed at www.studentloans.gov.

Direct Loan Exit Counseling
All Federal Stafford Loan recipients from any postsecondary institution are required by federal regulations to complete Stafford Loan Exit Counseling upon graduation or dropping below half-time attendance. As a means toward helping students meet these requirements, a Stafford Exit Counseling Package is sent to all Florida Atlantic University Federal Stafford Loan recipients who have recently graduated, withdrawn or dropped below half-time. It provides valuable information regarding Federal Stafford Loan repayment and borrower’s rights and responsibilities. After reviewing the information in the package, students are required to complete an online exit counseling seminar at www.nslds.ed.gov.

topofpage

Student Employment Programs

Need-Based Employment Programs

The Federal Work Study Program is a federally funded program for eligible graduate and undergraduate students enrolled at least half-time and who demonstrate financial need. Students normally work up to 20 hours per week and are paid biweekly. An attempt is made by the Student Financial Aid Office to match the job assignment with the student’s educational interest. Priority consideration date is March 1. For information on Need-Based Employment Programs, visit the Financial Aid website and click on Need-Based Employment.

Community Part-Time Jobs
Off-campus job resources are open to all registered, degree-seeking, U.S. employment-authorized students, regardless of financial need. The Office of Student Financial Aid acts as an employer/employee resource center for FAU students and the community via the Get a Job! database. To search jobs listings for off-campus, part-time employment, the Get a Job! database login is located on MyFAU under the Money Matters tab.

Concurrent Enrollment Procedures for Students Receiving Financial Aid
(Change effective immediately.)
Students are not eligible to receive financial aid at more than one institution for any one term. Therefore, students must apply for financial aid at the institution where they are seeking a degree. The concurrent enrollment agreement provides financial assistance to eligible financial aid recipients who are enrolled for courses at another eligible institution during any term for which they are also enrolled at FAU. Students must be simultaneously enrolled at both institutions during a particular semester. Students must obtain approval from their FAU academic advisor to enroll at another institution. The approved course credits must transfer back toward the FAU degree. For consideration, students must be enrolled in a minimum of 6 credits at FAU. The Concurrent Enrollment application is available online on the Forms to Download section of the Financial Aid website. Due to limited funds, ALL FAU Institutional Grants and Scholarships will ONLY be calculated and disbursed for FAU credits. Consortium and Concurrent Enrollment will NOT be considered when calculating financial aid eligibility for FAU institutional grants and scholarships.

Students must submit the following forms to the Student Financial Aid Office after the drop/add period for all courses taken at the host school:

1. Completed Concurrent Enrollment form (located on the Financial Aid website. Click on the Forms to Download link).

2. A completed/approved copy of the FAU Transient Student Registration form verifying coursework taken at the host school is approved as transferable to FAU. Online approved transient form must be printed out through www.facts.org, or obtain a hardcopy Transient Student form in the Office of the Registrar.

3. A validated copy of the student’s course schedule at the host school.

4. Paid receipt showing that the student paid for course(s) at the host school.

All concurrently enrolled students must make academic progress according to the FAU satisfactory progress policy for financial aid recipients. Concurrent enrollment paperwork must be submitted by specific dates each term. Click here for more information on filing concurrent enrollment forms.

topofpage

Non-Need-Based Financial Aid
(Changes below are effective spring 2012.)
Direct Parent PLUS Loan is for parents of dependent students who want to borrow. Maximum eligibility is equal to the cost of education minus other aid. Currently a fixed interest rate of 7.9 percent is offered on Parent PLUS. Repayment of principal and interest begins within 60 days of the disbursement of the loan. Parents may be eligible to defer repayment until the student graduates. For more information, click here.

Direct Unsubsidized Stafford Loans are available for all students once the FAFSA information determines a student’s financial need. Some students may only qualify for unsubsidized. Repayment is the same as the Direct Subsidized Stafford Loan except that students accrue interest while enrolled. There are no penalties to pay off the loan early or make payments on the loan(s) while enrolled. For more information, click here.

Direct Grad PLUS Loan allows graduate and professional students who have exhausted their Direct Loan annual limit or aggregate limit the opportunity to borrow up to the cost of education minus any other financial aid. Currently a fixed interest rate of 7.9 percent is offered on Grad PLUS. For more information, click here.

Institutional Employment is available to a limited degree to students with special skills and abilities, without regard to financial need. Inquiries and applications should be directed to the employing department within the institution or the Student Employment Office.

Tuition Waivers: A limited number of non-resident tuition waivers are available to non-Florida residents with a GPA of at least 3.5 who are pursuing their first bachelor's degree. Students who receive this award will have the non-resident portion of their tuition fee waived.

Short-Term Advance
(Change effective immediately.)
The Short-Term Advance is a University monetary advance available to assist degree-seeking students enrolled at least half-time with:

• Purchasing textbooks
• Emergency funds relating to educational expenses
• Unanticipated living expenses

Keep in mind that the Short-Term Advance is NOT a source to assist with paying tuition and other related fees. Students may borrow up to $500 and a $5 non-refundable processing fee will be assessed.

The Short-Term Advance Application is available exclusively online each term beginning two weeks before the start of each term. The application is located on MyFAU (click on the Money Matters tab). Short-Term Advance disbursements will process before the first day of classes. If the student meets the eligibility requirements, funds should be direct deposited in student’s bank account within 2 to 3 business days after processing, but not before the first day of classes.

Note: If the student is under 18 years of age, download the Parental Short-Term Advance Application and submit to the Office of Student Financial Aid. In addition, the student must set up direct deposit. The ACH Direct Deposit Online Form is located on MyFAU; click on the Money Matters tab. For information and eligibility requirements, visit the Financial Aid website.

topofpage

Non-Resident Tuition Exemption Program for International Students

International students attending any of Florida’s state universities or community colleges may be eligible to apply for admission as residents for tuition purposes. In order to qualify, students must be from one of the countries with which Florida Linkage Institutes are established. Students are required to return home after their graduate or undergraduate study for a length of time equal to their exemption period. The Institutes also have criteria for selection of students who will receive out-of-state fee waivers.

To apply for a non-resident tuition exemption, contact the Office for International Students and Scholars at 561-297-3049 for information about the Linkage Institute for the student’s home country. A student does not need to attend the Institute where the linkage office is located.

Scholarships

Florida Atlantic University offers students a wide variety of scholarship opportunities, from freshman and transfer scholarships to foundation scholarships offered in general categories or for specific colleges or majors. Visit the Financial Aid website and click on the Scholarships link to view the most up-to-date list of scholarships available at FAU. In addition, the FAU Foundation coordinates endowed and non-endowed scholarships with the Office of Student Financial Aid. Visit http://fauf.fau.edu.

Bright Futures Scholarship Program
The Florida Department of Education offers both need-based and non-need-based programs for Florida residents, including the Bright Futures Scholarship Program. Some of these programs require separate application forms. Information may be obtained from the FAU Student Financial Aid Office or the Florida Department of Education, Office of Student Financial Assistance, State Programs, 255 Collins, Tallahassee, Florida 32399-0400, or the Florida Bright Futures website.

Outside Scholarships

Every college and university has an outside scholarship policy that specifies what happens to the need-based financial aid package when the student wins a merit scholarship. An outside scholarship is any scholarship not awarded by the government or the school, such as a scholarship provided by a private-sector company, philanthropist or foundation.

Outside scholarships are considered resources, meaning that they reduce a student’s financial aid package dollar for dollar. Receiving scholarships counts toward students’ overall financial resources. Federal regulations require FAU to consider outside scholarships when calculating students’ financial aid packages and eligibility. Therefore, scholarships may potentially reduce federal loans and/or work-study amounts. Students are required to report any outside scholarships to the school’s financial aid office. If students fail to report an outside scholarship, they may be required to repay the school or the government all or part of the student’s need-based financial aid package.

topofpage

Tax Status for Scholarships
The Internal Revenue Service, in IRS Publication 520 titled Scholarships and Fellowships, states the following:

1. Scholarship or fellowship grants are taxable, unless the student is a candidate for a degree.

2. Amounts for tuition, fees, books, supplies and equipment are not taxable. However, amounts for other expenses such as room, board and travel are taxable.

3. The part of any scholarship or fellowship grant that represents payment for services rendered (such as teaching, research or other services) is taxable.

If you receive a scholarship and are not sure about the tax status of the grant, consult your tax advisor or local IRS office.

Veterans Affairs

Florida Atlantic University is approved for the education and training of veterans and their children under all public laws now in effect. The Veterans Affairs Office, located in the Student Financial Aid Office on the Boca Raton campus, provides a full range of information about educational assistance, tutorial assistance and work study for veterans. Students who may be eligible for educational benefits under any Veterans Administration program are urged to contact the Veterans Affairs Office.

Veterans are eligible for one fee deferment per academic year. On the VA Certification Request form, students may indicate if they would like a deferment. Checking “yes” provides students with 60 additional days to pay tuition and fees. This extension begins on the first day of classes.

Certification is not automatic and must be requested prior to the start of each semester via the VA Certification Request form, available at www.fau.edu/finaid. Click on Veterans in the menu to the left of the page. Due dates for the VA Certification Request form:

May — Fall semester form due
October — Spring semester form due
March — Summer terms 1, 2, 3 forms due

Eligibility for VA benefits are determined by the Federal Department of Veterans Affairs as per VA rules and regulations.

To remain eligible for veteran benefits, veteran students may not be on academic probation for more than two consecutive terms. Academic progress will be monitored by the University’s Veterans Affairs Office. Lack of satisfactory progress will be reported to the Federal Department of Veterans Affairs. Benefits will be terminated for failure to achieve satisfactory progress. For information call 561-297-1250.

topofpage