2006–2007 - Florida Institute of Technology

Financial aid is typically awarded as a package that consists of
loans, work, scholarships and grants. Award offers can only be
made to students who are accepted for admission to the university.
Priority is given to students who file a FAFSA with the
federal processor before March 15.
Satisfactory Progress Standards for Financial Aid Recipients
The academic records of all students admitted to Florida Tech for
the first time will be considered sufficient to allow them to apply
for financial aid. To remain eligible to receive financial aid, continuing
students must meet the following Satisfactory Progress
Standards instituted by the university in accordance with federal
law. A review for compliance with these standards will be conducted
at the end of each semester.
Grade Point Average (GPA): An undergraduate student is
expected to achieve and maintain a GPA of 2.0 or higher. This
GPA is calculated in accordance with the guidelines contained in
this catalog.
Hours Completed: Undergraduate students are expected to
satisfactorily complete 80 percent of their attempted course work.
In general, full-time students should complete at least 12 credit
hours per semester. Part-time students (6 to 11 credit hours)
should complete at least 6 credit hours per semester. Courses
with grades of F, I, AU or W are attempted courses, but are not
satisfactorily completed for the semester.
Time Limit: An undergraduate student enrolled full time is
expected to complete a degree program within 12 semesters,
or 180 credit hours attempted. A student enrolled part time is
expected to complete a degree program within 24 semesters. For
transfer students, these limits include equivalent terms of aid
taken at other institutions.
Warning, Probation and Suspension
Financial Aid Recipients: The first time students fail to maintain
satisfactory progress toward their degree, they will be placed
on financial aid warning and informed of the appeal process relative
to satisfactory progress standards. A second infraction will
suspend the student’s eligibility for financial aid until an appeal
is filed and approved. Students can file an appeal based on any
factor they consider relevant.
Scholarship Recipients: Scholarship recipients are required to
maintain full-time enrollment (12 credit hours) and a cumulative
GPA of 2.6 at the end of each academic year. Failure to maintain
the minimum requirements will result in a permanent loss of the
academic scholarship.
Grants and Scholarships
Scholarships
Florida Tech offers a variety of scholarships to qualified new
students. Scholarship awards range from $5,000 to $12,500 per
year, and are limited to eight semesters or the first bachelor’s
degree, whichever comes first.
All admitted students are considered for scholarships. Normally,
an incoming freshman must have high scores on the Scholastic
Aptitude Test (SAT I) or the American College Testing (ACT)
assessment test and must have a strong grade point average to
be considered. Generally, a transfer student must have a strong
grade point average.
View the Florida Tech Scholarships and Fellowships.
Grants
Federal Pell Grants: All eligible undergraduate students are
encouraged to apply for this federal program by filing the Free
Application for Federal Student Aid (FAFSA). This need-based
grant ranged up to $4,050 for 2005–2006. All grants depend on
the total amount of funds appropriated by Congress for the program.
Information and application materials are available through
most school guidance counselors and through the university’s
Office of Financial Aid.
Federal Supplemental Educational Opportunity Grants:
Grants through this federal program are available to a limited
number of enrolled undergraduate students who demonstrate
financial need. Priority is given to students with the greatest
need. Annual awards are approximately $1,200.
Florida Tech Grant Assistance Program: This universityfunded
grant program provides additional assistance in meeting
educational expenses. Students must complete and submit the
Free Application for Federal Student Aid (FAFSA) to be considered.
Annual awards range from $500 to $7,500.
Florida State Aid: Florida residency and eligibility for Florida
state aid programs are based on state law and administrative
rules. Students who are eligible to be claimed on a parent’s
income tax return when the parent lives out of state, and independent
students whose domicile in the state of Florida is temporary
or merely incidental to enrollment in a Florida institution of
higher education, are generally not eligible for Florida state aid.
Florida Student Assistance Grants: All U.S. citizens who
have been bona fide Florida residents for at least one year and are
enrolled or accepted for enrollment as full-time undergraduate
students are eligible to apply for aid through this state program.
Grants approximate $1,000 per year based on demonstrated
need. The student must file a Free Application for Federal
Student Aid (FAFSA) each year.
Florida Resident Access Grant: All full-time undergraduate
students who meet the Florida residency requirements as defined
by the Florida Department of Education are eligible, regardless
of family income, to receive financial assistance from the state.
This amount varies from year to year based on available funds.
Applicants must complete an application and submit proof of
Florida residency before October 1 each year. Students are not
eligible if all of their tuition is paid by other sources.
Florida Academic Scholars Fund: Qualified entering freshmen
who have resided in Florida for one year may receive up to
$3,200. To be eligible, a student must have earned a 3.5 cumulative
grade point average and scored 1280 or above on the SAT I,
or 28 or above on the ACT. Applications and further eligibility
requirements are available from high school guidance counselors.
Army ROTC Scholarship Program
The U.S. Army offers four-year college scholarships to qualified
students. These scholarships pay tuition up to $20,000 per year,
textbooks and supplies up to $900 per year, and a tax-free subsistence
allowance of up to $4,000 per year. Supplemental scholarships
from Florida Tech may also be available. Interested high
school students should contact their high school counselors or
the nearest Army ROTC office for information about applying for
Army ROTC Scholarships. Two- and three-year scholarships are
Undergraduate Information and Regulations 19