 The Financial Aid Office at Florida Career College is dedicated to helping students find ways to finance their education. This office is staffed by the Director of Financial Aid and Financial Aid Advisors and Planners. The financial aid staff is available to all current and prospective students. They may be reached by calling the campus to schedule an appointment or they are available on a walk-in basis.
Financial aid is available for those who qualify. Students wishing to apply for financial aid must submit the following forms:
- Free Application for Federal Student Aid (FAFSA)
- A list of schools (beyond high school) previously attended
- Completed loan applications or bring their Federal PIN number(if the student is applying for any of the federal loan programs available at Florida Career College)
- Personal references with a valid address and phone number if applying for a loan
The Financial Aid Office will notify the student if further documentation is needed. To receive a financial aid award, the student must be admitted and enrolled in Florida Career College. The Financial Aid Office will not award financial aid to any student who has not formally enrolled in the College.
• Enroll in an academic program leading to a degree or diploma
• Certification of high school diploma or equivalent or, at campuses where accepted, be able to pass an ability to benefit (ATB) test
• Demonstrate financial need
• Not be in default on a student loan on or owe a refund on a federal grant received at a prior institution
• Maintain satisfactory academic progress, as outlined in the College’s catalog
• Be a United States citizen or eligible noncitizen
The eligibility to receive all types of federal student aid is determined through a standardized formula based upon information the student provides on the Application for Federal Student Aid (FAFSA). The amount of federal financial aid the student will be offered depends upon the student’s financial need.
 All students will receive a copy of The Student Guide for Financial Aid which is published by the U.S. Department of Education. The school is designated as an eligible institution by the U. S. Department of Education for participation in the following programs.
The Federal Pell Grant Program is intended to give eligible students financial access to the college of their choice. Federal Pell Grants do not have to be repaid and the Pell Grant eligibility determination is the foundation upon which all other federal student financial aid is built. Federal Pell Grants are awarded only to undergraduate students who have not earned a bachelor’s or professional degree (a professional degree would include a degree in a field such as pharmacy or dentistry). Awards can range up to $5,350.00 per academic year and are based on the financial need of the family or individual and the cost of education. Students are notified of their Federal Pell Grant eligibility through an Institutional Student Information Record (ISIR). This report is electronically transmitted directly to the College and student by the federal processor. The U.S. Department of Education employs a uniform formula to evaluate the information contained on the student aid application and to determine the index of need (EFC). In order to receive an award, the ISIR must be reviewed and eligibility confirmed by the Financial Aid Office.
A Federal Supplemental Educational Opportunity Grant (FSEOG) is for undergraduates with exceptional financial needs, which means students with the lowest Expected Family Contributions (EFC). This program gives priority to students who receive Federal Pell Grants with the lowest EFC. Students can receive between $100 up to $2,000 a year depending on when they apply, their level of need, and the funding level of the school. An FSEOG award does not have to be repaid.
ACG is a need-based grant awarded to U.S. Citizens and Residents enrolled at least halftime who completed a Rigorous High School Program of Study after January 1, 2006. Students can call 1-800-443-3243 to pre-qualify. Grant awards are up to $750 for the first academic year and $1,300 for the second academic year and do not have to be repaid. Contact the Financial Aid Department for more information.
Direct and FFEL Subsidized Stafford Loans are awarded on the basis of financial need and requires attendance of at least half time each quarter to be eligible for the loan. Students will not be charged any interest until th was published. The interest is adjusted annually based on the federal treasury bill on July 1 each year. Students will be notified by their lender of interest rate changes throughout the life of their loan. Studeneir loan enters repayment or during authorized periods of deferment. The federal government subsidizes the interest during these periods.The maximum interest rate on the Federal Subsidized loan is 5.6%, as of the date this catalogts will pay a fee of up to 1.5% of the loan amount; these fees are deducted proportionately from each disbursement of their loan. Students must begin repaying these loans six months after they graduate, withdraw from school, or drop below halftime enrollment. An entrance and exit interview is required by all Federal Direct and FFEL Stafford Loan borrowers.
Direct and FFEL Unsubsidized Stafford Loans are not awarded on the basis of financial need and requires attendance of least half time each quarter to be eligible for the loan. Students will be charged interest from the time the loan is disbursed until it is paid in full. The maximum interest rate on the unsubsidized loan is 6.8%, as of the date this catalog was published. The interest rate is adjusted annually based on the federal treasury bill on July 1 each year. Students will be notified by their lender of interest rate changes throughout the life of their loan. Students will pay a fee of up to 1.5% of the loan amount; these fees are deducted proportionately from each disbursement of their loan. Students must begin repaying these loans six months after they graduate, withdraw from school, or drop below half-time enrollment. An entrance and exit interview is required by all Federal Direct and FFEL Stafford Loan borrowers.
 Direct and FFEL PLUS Loans enable parents with good credit history to borrow funds to pay for educational expenses of each child that is determined to be a dependent undergraduate student enrolled at least halftime. Most of the benefits to parent borrowers are identical in the Direct and FFEL programs. The maximum interest rate on the PLUS loan is 8.5%, as of the date this catalog was published. The interest rate is adjusted annually based on the Federal Treasury bill on July 1 each year. Interest is charged on the loan from the date the first disbursement is made until the loan is paid in full. Parents will pay a fee of up to 4% of the loan amount; this fee is deducted proportionately each time a disbursement is made. The loan will go in to repayment 60 days after the final loan disbursement for the academic year. There is no grace period for these loans but parents can contact the lender to request the payments to be deferred while the student is in school.
Florida Career College has alternative funding sources available to students who qualify. These non-Federal Education loans provide funds to assist students meet the cost of education once other sources of aid have been depleted or when annual federal student loan limits have been reached. These private student loans have differing origination fees, interest rates, and repayment options. Contact the Financial Aid Department for more information on your options.
The Federal Work-Study Program provides jobs for undergraduate and graduate students attending at least halftime with financial need by allowing them to work and earn money to help pay education expenses. The program encourages community service work and work that is related to the student’s course of study. Employment is part-time only and a limited number of FWS jobs are available. An application can be made through the College’s Financial Aid Department. Eligibility is based on financial need and the availability of funds.
Most programs offered by the College are approved for one or more of the Veterans Administration educational assistance benefits programs. Veterans, dependents of veterans and war orphans may be eligible for VA benefits. For further information and assistance in establishing eligibility for educational benefits please contact your local VA office or the Financial Aid Department on campus.
Veterans receiving VA benefits will be monitored under the same Satisfactory Progress Standards requirements as students who receive other financial aid.
Florida Career College will award up to a $1,000 scholarship per academic year for students who are eligible for and elect to participate in Chapter 33 VA benefit program. Each scholarship award is determined based on the portion of the award year tuition and fees that were not covered by the students’ Chapter 33 eligibility amount. In addition to the institutions contribution, the VA will match the college’s contribution up to $1,000 per academic year. Please contact the campus Registrar or Financial Aid Director for program details.
FSAG is a need-based program administered by the state. These grants are awarded to students enrolled and attending on a fulltime basis in an associate degree program who demonstrate financial need based upon the eligibility criteria of the State grant program. An FSAG grant does not have to be repaid.
 This is a lottery-funded scholarship to reward Florida high school graduates who demonstrate high academic achievement. Applications and eligibility criteria are available from your high school guidance office or at the floridastudentfinancialaid.org website.
Florida Career College is an approved institution of the Florida Prepaid Program. While the benefits of a Florida Prepaid College contract may be utilized at this institution, the Florida Prepaid College Board does not endorse any particular college or university.
 The Joseph Nagengast Scholarship is a need based merit scholarship awarded to eligible applicants. Awards are calculated based on scheduled credit hours in the academic year and financial need. The maximum scholarship amount is $1,600.00 per academic year. The scholarship is disbursed into equal payments at the beginning of each quarter during the award period. Students meeting the requirements can apply for the scholarship every award year through graduation.
To establish and maintain eligibility students must:
• Maintain a GPA of 2.67 or above
• Be current on their financial obligations
• Have completed at least three quarters or one full Stafford/Direct loan award year to be eligible
• Leave of absences do not count as completed quarters.
• Graduated from an FCC program and enrolled in another FCC program
Florida Career College participates in the “Electronic Funds Transfer” (EFT) of the U.S. Department of Education. Under this system, the Department transfers funds to a specially designed bank account for the College to award eligible Federal Grant and Direct Loan recipients. The Department of Education does not forward a separate check to the College for each student. Students who applied for a Federal Stafford or Federal PLUS Loans will have their federal loan disbursements sent directly to the College via EFT by the lending institution. Their account will be credited and any federal funds remaining after payment of all charges are issued to the student in the form of a check at the end of their academic year, the student has the option to apply those funds to future charges. Federal Financial aid disbursements are made at the beginning of each quarter. An estimated award letter is used by the College to notify the student of the award and shows projections based on the student’s enrollment status. These amounts are subject to change if for any reason the student’s enrollment status changes.
Verification is the process of confirming the accuracy of information supplied by students and parents on the application for Federal Student Aid. A student whose application is selected for verification must complete verification no later than 30 days after notification unless an extension is granted by the Financial Aid Office. If applicants fail to complete verification by the applicable deadline, they may forfeit eligibility for Federal Student Aid. Any funds already disbursed from the Federal Pell Grant, Federal SEOG or Federal Subsidized loan must be repaid. Students on Federal Work Study can no longer continue to work, and any funds remaining to be earned must be canceled.
FOR COMPLETE FINANCIAL AID DETAILS, PLEASE SEE THE COLLEGE CATALOG ON THIS WEBSITE AND/OR VISIT YOUR FINANCIAL AID REPRESENTATIVE ON CAMPUS.
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