2006–2007 - Florida Institute of Technology

also available for current college freshmen and sophomores. The
application deadline is July 15 for the early cycle and November
15 for the regular cycle during the senior year of high school or
the preceding summer.
Loans
Federal Perkins Loan Program (formerly National Direct
Student Loan Program): Needy students already enrolled and
carrying the normal full-time academic workload are eligible to
apply for loans from this federal program. The average award is
$1,200/year based on available funding. Repayment of principal
and five percent interest typically begins nine months after the
completion of study, with minimum payments of $40 per month.
Federal Stafford Student Loan: The Stafford loan program
is designed to assist students of all income levels with the
cost of their education. Stafford loans are either subsidized or
unsubsidized. A subsidized loan is awarded on the basis of financial
need. The federal government pays the interest on a subsidized
Stafford loan until repayment begins and during authorized
deferment periods.
An unsubsidized loan is not awarded on the basis of financial
need. Interest begins to accrue from the date of disbursement.
Students may choose to pay the interest while in school or have
the interest capitalized at the beginning of repayment. Students
may receive a subsidized and unsubsidized Stafford loan for the
same period.
Dependent undergraduates may borrow up to
• $2,625 as a first-year student
• $3,500 as a second-year student
• $5,500 after two years of study (60 earned credit hours)
Independent undergraduates or dependent students whose parents
are unable to get a PLUS Loan (see below) may borrow up to
• $6,625 as a first-year student (at least $4,000 of this amount
must be in unsubsidized loans)
• $7,500 as a second-year student (at least $4,000 of this amount
must be in unsubsidized loans)
• $10,500 after two years (at least $5,000 of this amount must
be in unsubsidized loans)
Federal Parents Loan for Undergraduate Students
(PLUS): Parents may borrow through this federally insured loan
program. A parent may borrow up to the cost of attendance (less
financial aid) per academic year on behalf of each dependent
undergraduate student. Repayment normally begins within 60
days following receipt of the loan check. The interest rate is variable,
capped at nine percent. The minimum payment amount is
$50 per month; the total loan must be repaid within 10 years.
Four-Year Guarantee
A four-year guarantee is offered to the incoming freshman class.
Florida Tech guarantees that a student who meets the following
requirements will earn a bachelor’s degree in four years:
• Declare a major as an incoming freshman and continue in that
major until graduation;*
• Consult the designated academic adviser before registering
each semester;
20 Florida Tech
• Follow the curriculum plan presented in the entry-year
University Catalog by taking and passing each course in the
semester indicated; and
• Maintain a GPA of 2.0 or higher.
*Students needing prerequisite course work and those initially enrolled in
nondegree-granting programs (General Engineering, General Science or
General Studies) do not qualify for this guarantee.
Academic Information
Grading and Honors
Undergraduate Grading System
QUALITY
GRADE EQUIVALENT RANGE POINTS
A excellent 90–100 4
B good 80–89 3
C average 70–79 2
D poor 60–69 1
F failure 0–59 0
I incomplete course work
AU audit–no grade
P pass, no effect on GPA
W official withdrawal
Distinguished Student Scholars
Following each fall semester, undergraduate students who have
cumulative grade point averages of 3.8 or higher and have completed
more than 52 credit hours at Florida Tech are recipients of
Distinguished Student Scholar recognition.
Dean’s List
Undergraduate students who complete 12 or more graded credit
hours in the semester with a semester GPA of at least 3.4 are
considered to be “Dean’s List” students for that semester. Dean’s
list designation will be listed on the student’s transcript. A congratulatory
letter from the student’s dean confirming this designation
will be provided upon request to the dean’s office.
Graduation Honors
At graduation, bachelor’s degree recipients achieving high academic
performance are recognized according to their cumulative
grade point averages. In the case of multiple bachelor’s degree
recipients (multiple diplomas), the honors must be earned
separately for each degree received, and are determined by the
program GPA based on courses that apply to the specific degree.
In computing the cumulative GPA for graduation honors, neither
transfer credits or forgiveness policy apply. Academic honors are
listed on the student’s diploma and transcript. The honors are
determined as follows:
Summa Cum Laude ..................................................................3.90 to 4.00
Magna Cum Laude ...................................................................3.70 to 3.89
Cum Laude ...............................................................................3.40 to 3.69
Graduation Requirements
To receive a bachelor’s degree, a cumulative Florida Tech grade
point average of 2.0 or higher is required. In the case of a student
seeking two or more bachelor degrees (see “Dual Majors and
Additional Degrees”), a program GPA of at least 2.0 is required in
each program for which a degree is awarded, as well as the overall
GPA of at least 2.0 that is required for the award of any bachelor’s
degree. (See “Grade Point Average” in the Expenses and General
Information section of the catalog for the definitions of program