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Financial Aid Overview

Presented by the

Office of Student Financial Assistance (OSFA)

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Financial Aid Overview

2024-25 High School Student Graduates

Enrolling/Appling for the

2025-26 Academic Year

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Financial Aid has its own �language and acronyms:

    • COA - Cost of Attendance
    • CSS Profile - College Scholarship Service Profile
    • FAFSA - Free Application for Federal Student Aid
    • FSA ID - Federal Student Aid Identification
    • FSS - FAFSA Submission Summary
    • SAI - Student Aid Index
    • FFAA - Florida Financial Aid Application
    • ED/FSA - U.S. Department of Education/Federal Student Aid
    • FLDOE/OSFA - Florida Department of Education/Office of Student Financial Assistance

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Agenda

    • What is Financial Aid?
    • Where do I Find Financial Aid?
    • How and When Do I Apply?
    • Who Can Help me?

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What is Financial Aid?

Monies received from four sources:

    • Federal
    • State
    • Institutional
    • Private

May also be categorized as:

    • Gift Aid
    • Self Help
    • Need-based
    • Merit-based

Can cover direct or indirect costs

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What is Financial Aid?

Monies received from four sources:

  1. Federal Aid:
    • Pell Grant (Gift Aid) (Need-based)
    • FSEOG (Gift Aid) (Need-based)
    • Work Study (Self-Help)
    • Federal Student Loans (Self-Help)
      • Student (Subsidized/Unsubsidized)
      • Parent Loans

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What is Financial Aid?

Monies received from four sources:

  1. State Aid:
      • Benacquisto (Merit-based)
      • Bright Futures Scholarship (Merit-based)
          • Academic/Medallion/Gold Seal Vocational/Gold Seal CAPE
      • Florida Work Experience Program (Self-Help)
      • Effective Access to Student Education
      • Additional programs can be found at www.FloridaStudentFinancialAidsg.org

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What is Financial Aid?

Monies received from four sources:

  1. Institutional Aid:
      • Academic (Gift Aid) (Merit-based)

(Need-based)

      • Major/Specific Study (Gift-Aid)

(Merit-Based)

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What is Financial Aid?

Monies received from four sources:

  1. Private:
      • School (Gift Aid) (Merit-based)
        • High School/Postsecondary Institution
      • Employment
        • Students/Parents

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College Cost

  • Cost of Attendance (COA) varies from:
    • Institution to Institution
    • In State vs. Out of State
    • On Campus vs. Off Campus

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  • COA = Direct Cost + Indirect Cost

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    • Net Price Calculator

Requirement for every institution

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College Cost

  • Public 2-year college (tuition and fees, in-state) $3,205
  • Public 4-year college (tuition and fees, in-state) $6,113
  • Public 4-year college (tuition and fees, out-of-state) $28,240
  • Private 4-year college (tuition and fees) - $39,400

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Sources: State University System of Florida, Florida College System and College Board-Big Future

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Where do I Find Financial Aid? Financial Aid Applications

  • Free Application for Federal Student Aid (FAFSA)
  • Florida Financial Aid Application (FFAA)
  • College Scholarship Service Profile (CSS Profile)
  • Institutional Applications
  • Private Scholarships

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www.FLDOE.org

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Free Application for �Federal Student Aid (FAFSA)

  • Federal government is largest source of student aid; FAFSA distributed and processed by the U.S. Department of Education.
          • Manual or electronic options
          • 2025-26 FAFSA is scheduled to open December 1, 2024
  • Must be completed annually (per academic year) to be evaluated for financial aid

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FAFSA website:�studentaid.gov

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FAFSA Getting Started

  • Gather important data
  • Monitor priority deadlines
    • State and institutional deadlines
    • Confirm FAFSA dependent vs independent requirements
      • Dependent students are required to include parent/contributor information
      • Independent students are not required to include parent/contributor information
    • Search for school codes

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FAFSA Submission Summary (FSS)

  • Provides basic information about federal student aid eligibility
  • Received (after you submit the FAFSA) via email within 3-5 days if you provided an email address
  • Correct errors, if needed
  • Will contain a Student Aid Index (SAI)
      • Assists institutions in the financial aid award packaging process

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FAFSA Additional Information

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  • Contact institution:
      • To determine award disbursement process
      • For special circumstances of professional judgment review
      • To determine what other types of aid applications are necessary

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www.FLDOE.org

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FAFSA Additional Information

  • Verification Process
  • Communication with Postsecondary Institutions
  • Offer of Financial Aid:

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www.FLDOE.org

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Florida Financial Aid Application

  • The Florida Financial Aid Application (FFAA) opens October 1
  • Apply Early – must be completed prior to August 31 of high school graduation year
  • One application is used for multiple programs, not just the Florida Bright Futures Scholarship Program
  • Students may login to view status, online notifications, and award history
  • Apply at www.FloridaStudentFinancialAidsg.org

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www.FLDOE.org

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Florida Financial Aid Application

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Florida Financial Aid Application

State Scholarship and Grant Programs requiring a timely completed Florida Financial Aid Application:

  • Florida Bright Futures Scholarship Program
  • Scholarship for Children and Spouses of Deceased or Disabled Veterans
  • José Martí Challenge Grant
  • Rosewood Family Scholarship
  • Florida Farmworker Student Scholarship
  • Randolph Bracy Ocoee Scholarship

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www.FLDOE.org

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State Scholarship and Grants

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  • Need-Based Programs:
    • Florida Student Assistance Grant (FSAG)
    • Florida Work Experience Program (FWEP)

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    • Tuition Assistance Program
      • William L. Boyd, IV, Effective Access to Student Education Grant Program (EASE)

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State Scholarship and Grants

  • Merit-Based Programs:

    • Florida Bright Futures Scholarship Program

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    • Benacquisto Scholarship Program

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State Scholarship and Grants

  • Other Programs:
      • First Generation Matching Grant (FGMG)
      • Florida Farmworker Student Scholarship (FFSS)
      • José Martí Scholarship Challenge Grant (JM)
      • Mary McLeod Bethune Scholarship (MMB)
      • Minority Teacher Education Scholarship (MTES)
      • Rosewood Family Scholarship (RFS)
      • Scholarships for Children and Spouses of Deceased or Disabled Veterans (CSDDV)
      • Randolph Bracy Ocoee Scholarship (OCOE)
      • Florida First Responder Scholarship Program (FFRSP)
      • Open Door Grant Program (ODGP)

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State Scholarship and Grants

  • Florida Bright Futures Scholarship Program for home education program students:
      • Meet the General Requirements for a Bright Futures Award;
      • Submit a timely FFAA;
      • Earn required minimum test scores; and
      • Complete the minimum number of volunteer service hours, paid work hours, or combination of 100 total hours.

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Private Scholarships

Search Criteria:

    • Targeted Searches
      • Schools (high school/postsecondary institution)
            • Private Scholarship list website (traditionally requires separate application)
      • Scholarships at specific college
      • Place of employment (students/parents)
      • National websites

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Review Action Items:

  • Federal – Financial Aid (FAFSA)
      • Monitor application opening date: December 1, 2024
      • Create an FSA ID and password NOW
    • State – Financial Aid (FFAA)
      • Monitor application opening date: October 1, 2024
      • Ensure meeting requirements
      • General Requirements
      • Scholarship Program Requirements
      • Private Scholarships – apply, apply, apply
      • CSS Profile – If institution requires
      • Additional required institutional applications

​

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www.FLDOE.org

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Additional Information

Office of Student Financial Assistance�State Scholarship and Grant Programs

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Website: www.FloridaStudentFinancialAidsg.org

www.navigatingyourfinancialfuture.org

Email: Pedro.Hernandez@fldoe.org

Telephone: (850) 245-1821

www.FLDOE.org

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