Types of Aid

There are many types of aid available to help you pay for the costs of tuition and fees at Florida Memorial University. Our Financial Aid Office will work hard to make sure you are informed about the many types of aid available to you and guide you through the process of securing financial assistance.

  • Grants
  • Federal Work Study
  • Loans
  • Scholarships

GRANTS

Undergraduate students who have not received a bachelor’s degree may be considered for the grant programs listed below. A current FAFSA is required.

FEDERAL PELL GRANT PROGRAM

This is a grant available to undergraduate students who demonstrate financial need based on the Federal Methodology Formula. Undergraduate students may receive a Pell Grant award up to $6,195 (2019-2020 academic year) or $6,345 (2020-2021 academic year). The U.S. determines student eligibility.

PLEASE NOTE: Effective with the 2012-2013 academic year, no student will be eligible to receive more than 12 semesters or the equivalency of Federal Pell Grant.

FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT PROGRAM (FSEOG)

This is a grant available to undergraduate students who demonstrate exceptional financial need. This award is based on FMU’s federal funding which is limited. FSEOG is awarded to Pell eligible students and awards are made until the fund has been exhausted.

THE TEACHER EDUCATION ASSISTANCE FOR COLLEGE AND HIGHER EDUCATION (TEACH) GRANT PROGRAM

The TEACH grant is a federally funded program created by the College Cost Reduction and Access Act (CCRAA). It became effective beginning with the 2008-2009 award year. The TEACH grant provides up to $4,000 a year in grant assistance to students who plan on becoming a teacher and meet certain specified requirements. If a student who receives a TEACH grant does not complete the required teaching, the grant must be repaid as a Direct Unsubsidized Loan under the William D. Ford Federal Direct Loan Program. For more information regarding the (TEACH) Grant contact (305) 623-1405.

EFFECTIVE ACCESS TO STUDENT EDUCATION PROGRAM (EASE)

The William L. Boyd, IV, Effective Access to Student Education (EASE) Program is a State grant that provides tuition assistance to undergraduate student, degree-seeking, Florida residents attending an eligible private, non-profit Florida college or university.

FSAG

The Florida Student Assistance Grant (FSAG) Program is a need-based State grant program available to undergraduate, degree-seeking, Florida residents, that demonstrate substantial financial need and are enrolled in participating postsecondary institutions in the State of Florida. Based on the 2019-2020 academic year, the average award for FMU student was $2,600 for the academic year.

EASE AND FSAG – INITIAL ELIGIBILITY REQUIREMENTS TO RECEIVE FUNDING

  • Be a Florida resident and a U.S. citizen or eligible non-citizen. A student’s residency and citizenship status are determined by the postsecondary institution. Questions regarding such status should be directed to the financial aid office or admissions office of the institution the student plans to attend.
  • Not owe a repayment or be in default under any state or federal grant, loan, or scholarship program unless satisfactory arrangements to repay have been made.
  • Not have previously received a baccalaureate degree.
  • Enroll for a minimum of 12 credit hours per term at an eligible Florida college or university in a baccalaureate degree program.
  • Meet Florida’s general eligibility requirements for receipt of state aid.
  • Not be enrolled in a program of study leading to a degree in theology or divinity.
  • Annually submit the Free Application for Federal Student Aid (FAFSA), complete and error free.

STUDENT AWARD RENEWAL FOR EASE AND FSAG:

A renewal applicant must have earned a minimum institutional cumulative grade point average (GPA) of 2.0 on a 4.0 scale and earned the equivalent of 12 credit hours for each term an award was received during the academic year.

Eligibility is determined at the end of the spring semester of each academic year. Credit hours earned during the previous summer may be counted toward the total number of credit hours required.

For more information regarding EASE and FSAG, please visit the State of Florida website

EASE: https://www.floridastudentfinancialaidsg.org/PDF/factsheets/EASE.pdf or FSAG: https://www.floridastudentfinancialaidsg.org/PDF/factsheets/FSAG.pdf

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