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
  • Scholarships
  • Federal Work Study
  • Federal Direct Loans
  • Alternative and Private Loans


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

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 $6,495 (2021-2022 academic year; divided evenly over 2 semesters for full-time enrollment) or $6,345 (2020-2021 academic year). The U.S. Department of Education 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 funding.

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 annual 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. The average EASE award for students for the 2020-2021 academic was $2,841.

Florida Student Assistance Grant (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 2020-2021 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.

EASE AND FSAG Renewal Eligibility:

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


Florida Memorial University Office of Admissions will review all new and transfer students for academic scholarship eligibility. If a student meets the criteria, the application is forwarded to the Scholarship Committee for review. Selected students are notified by the Office of Admissions. These scholarships are very competitive and there are a limited number each year, based on funding. Students must have a valid, processed FAFSA before scholarships is disbursed.

Returning students are considered for need based and academic based awards based on funding. No additional application is needed. Students must meet SAP requirements for consideration, as outlined on our webpage.

Florida Memorial University is a member of the United Negro College Fund (UNCF). We encourage our students to visit www.uncf.org and create a profile, complete the general scholarship application and apply for general and competitive scholarships. Good luck!

Other scholarship opportunities are sent weekly to student email addresses so please check your email for scholarship opportunies!


Federal Direct Student Loans

Federal Direct student loans are a form of financial aid that must be repaid either after a student has graduated or when the student has stopped attending classes at least a half-time (6 credit hours). There are two types of Federal Stafford Student Loans: Subsidized and Unsubsidized. FMU also provides the Parent Loan for Undergraduate Students (PLUS) and a GRAD-PLUS loan for graduate students. ALL FIRST-TIME BORROWERS AT FMU MUST COMPLETE A MASTER PROMISSORY NOTE AND COMPLETE LOAN ENTRANCE COUNSELING AT www.studentaid.gov.

  • Subsidized Direct Loans are:
    • Low interest borrowed funds that must be repaid by the student. Interest is deferred while enrolled at least half-time (6 credit hours)
    • Interest-free while you are enrolled at least half-time (6 credits) in a degree-seeking program (undergraduate or graduate).
    • Borrowed directly from the federal government.
    • To be used for education-related expenses such as tuition, fees, books, living costs, transportation, and childcare.
    • Payments are deferred for six months after the student graduates or enrolls in fewer than 6 credits. The maximum repayment period is 10 years or longer if consolidated. Loan fees apply. Please see www.studentaid.gov for more information.
    • First time borrowers at FMU are subject to a 30 day hold of their first loan disbursement.
  • Federal Unsubsidized Stafford Loans:
    • Accrue interest while a student is enrolled in school (and during the repayment period).
    • Are borrowed directly from the federal government.
    • Can be used for education-related expenses such as tuition, fees, books, living costs, transportation, and childcare.
    • Payments are deferred for six months after the student graduates or enrolls in fewer than 6 credits. The maximum repayment period is 10 years or longer if consolidated. Loan fees apply. Please see www.studentaid.gov for more information.
    • First time borrowers at FMU are subject to a 30 day hold of their first loan disbursement.

Federal Direct Student Loan Eligibility Requirements

To be eligible for a Federal Stafford Student Loan, you must:

  • Complete a FAFSA, and all requested documents to complete your file at FMU.
  • Be enrolled in a financial-aid-eligible degree and/or certificate program and taking six or more credit hours.
  • Must be making Satisfactory Academic Progress per the FMU Policy (as listed on this webpage)

**All FMU First-time borrowers must complete the Entrance Counseling https://studentaid.gov/entrance-counseling/ and the Master Promissory Note https://studentaid.gov/mpn/

Federal Parent PLUS Loan

The Federal student PLUS/Grad-PLUS loan can be borrowed by parents of dependent undergraduate students or graduate students to help pay for the student’s education. PLUS loans are typically less expensive than private student loans because PLUS loan borrowing terms are regulated by the U.S. Department of Education.

  • Direct PLUS Loans:
    • Parents must apply annually-and will need their FSA ID and password to complete https://studentaid.gov/plus-app/
    • Applications are processed through the Department of Education who will approve or deny the application based on a review of the parent’s credit history.
    • If a parent PLUS loan application is denied, the dependent student usually becomes eligible to borrow up to $4,000 in additional unsubsidized Federal Direct loan funds. This additional loan eligibility cannot exceed the student’s cost of attendance minus all other aid (including other loans). Unsubsidized loans accrue interest while the student is in school.
    • Parents must also compete Loan Counseling https://studentaid.gov/app/counselingInstructions.action?counselingType=plus as well as
    • a Master Promissory Note https://studentaid.gov/mpn/parentplus/landing.

Federal Work-Study

FWS is a need-based financial aid program designed to assist students with employment opportunities on campus or within the community (when available). Students must be enrolled full-time (at least 12 credit hours) to maintain their eligibility for this program. This is a regular paid position in which a student will receive a bi-monthly paycheck. The FWS earnings are taxable; however, are excluded in the need calculation on the FAFSA.

Federal Work-Study Program:

    • Students cannot begin work until all agreements and personnel paperwork has been completed and submitted
    • Students cannot work more than 20 hours a week
  • Students must remain enrolled in at least 12 credit hours during the time that they are employed in FWS
  • Students must submit accurate time sheets on a regular and timely basis
  • Student cannot exceed their FWS work-study award
  • To be eligible for FWS work-study award, you must complete a FAFSA application, be eligible to receive financial aid, and be enrolled in 12 or more credit hours.

Steps to utilize your work-study

Step 1: Have a Work-Study Award. Work-study funds are limited, so not everyone who wants work-study will receive it. It is important to complete your FAFSA by the priority consideration date of May 1st each year. You must indicate on your FAFSA that you are interested in receiving work-study in order to receive a work-study offer. Please contact the Financial Aid Office if you have not been offered a work-study award but are interested in working.

The Office of Financial Aid & Scholarships will send an email notification to all awarded students. Only students who have been awarded work-study should proceed through the following steps.

Step 2: Find a Position. Instructions on applying will be within the job description of each position. Position announcements will be posted on the FMU financial aid webpage. Should you not find a position by the third week of class, your award may be cancelled.

Step 3: Apply for a Position and Interview. Contact the individual listed on the announcement to arrange an interview. If you have not obtained a work-study position by the end of the second week of the term, your work-study award may be cancelled, as funds are limited.

Step 4: Attend a Work-Study Orientation Session. Students are required to attend a work-study orientation each academic year as some important information may change. In addition, you will need to review the Student Work-Study Handbook for important information regarding employment. All orientation materials are available in the Financial Aid Office.

Step 5: Complete Your Work-Study Paperwork – You must complete a New Hire Packet for Work-Study Employees and have it completed before you can start working. The New Hire Packet is available through the Financial Aid Office once your award has been confirmed.

Step 6: Begin Work. The Human Resources department will contact you with your start date once you are approved to work.

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