FAU Students Benefit from Three New Financial Grant Programs
BOCA RATON, FL (April 26, 2007) – Florida Atlantic University students borrowed less to attend classes during the 2006-07 academic year, due in part to three new grant programs.
During the first year of the Federal Smart, ACG and Florida First Generation Matching Grant programs, $1.7 million was contributed directly to FAU students. This helped lower the number of Federal Stafford/PLUS loan borrowers by 5 percent.
“Because of these grants, I don’t have to take out anymore student loans,” said Austin Jacobs, 19, a sophomore at FAU. “I feel very lucky, and I’m fortunate that I did well in high school.”
Also in place for the 2007-08 year will be the new “Welcome to FAU” scholarship program which provides a $1,000 award to 50 entering students to assist with tuition, books and supplies.
“For many years we have seen significant growth in student indebtedness as grants gave way to loans, especially at the federal level,” said Dr. Michael Armstrong, associate provost of FAU. “The advent of these three programs, especially the First Generation Matching Grant program in Florida, has started a turn in a new direction and all of us at FAU are very pleased to see lower levels of student debt.”
For more information, contact the admissions office at 561-297-3040 or visit www.fau.edu/academic/admissions/admissn.htm .