Financial Aid Guide

• Applying for Aid
• Determining Financial Need
• Financial Literacy
• General Information
• Important Dates
• Payments/Deferments
• Policies
• Sources of Financial Aid

• Financial Aid Guide
• Financial Aid: MyMoney
• Seminole State Homepage

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Financial Aid Office
407.708.2045
fax: 407.708.2323

General Contact Information

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Sources of Financial Aid

Once your Free Application for Federal Student Aid (FAFSA) is completed, the Financial Aid Office will process a financial aid package that may include a combination of grants and/or self-help (loans and employment) from one or more of the following programs:

• Federal Pell Grants: Award up to $5,550 to undergraduate students who are seeking their first baccalaureate degree. Eligibility is determined by the U.S. Department of Education.
• Federal Supplemental Educational Opportunity Grant Program (SEOG): Awarded to undergraduate students who are seeking their first baccalaureate degree. Recipients must demonstrate exceptional financial need and be enrolled at least half time. Funds are limited, and awards are determined based on the priority consideration deadline.
• Florida Student Assistance Grant (FSAG): Awarded to full-time Florida residents who are seeking their first baccalaureate degree.
• Seminole State Grant: Awarded to undergraduate and vocational students who are enrolled at least half time and demonstrate financial need. Funds are limited, and awards are determined based on the priority consideration deadline.
• Federal Work Study Program (FWS): Awards a maximum of 20 hours of paid employment per week to students. Funds are limited, and awards are determined based on priority consideration. Students must be enrolled at least half time to be eligible.
• Federal Direct Subsidized Loans*: Awarded to undergraduate students who are enrolled at least half time and demonstrate financial need. Eligible students and parents borrow directly from the U.S. Department of Education for a yearly maximum of $3,500-$5,500, depending on class standing. Repayment begins six months after the student graduates, withdraws or drops below half-time enrollment.**
• Federal Direct Unsubsidized Loans*: Awarded to undergraduate students who are enrolled at least half time and do not qualify for a Federal Direct Subsidized Loan. Also awarded to independent students who have a remaining unmet cost of attendance and need additional funds beyond their subsidized loan limit. Repayment terms are similar to those of the Federal Direct Subsidized Loan Program; however, students are responsible for repaying the interest accrued while enrolled in college and during the grace period.**
• Federal Direct PLUS Loans*: Awarded to parents of dependent students who are enrolled at least half time. Maximum eligibility is equal to the cost of education, minus other aid received. Repayment of the principal and any accrued interest begins within 60 days of the disbursement of the loan.**

* A separate application is required for loans. Check with the Financial Aid Office for deadline dates. Students must complete a FAFSA and an entrance interview (available online) to receive a loan.

** Borrowing money for college is a serious financial obligation. In addition to repaying the principle, loan recipients are responsible for paying any interest accrued during the loan term. Students and their parents should carefully consider the amount of debt they will incur before deciding to borrow money.

Additional Sources of Aid

Short-Term Loans allow students to borrow half of their tuition, or up to $300, whichever amount is lower. A service charge of $6 is assessed. The loan must be repaid approximately 60 days after the first day of a traditional semester. Restrictions will be placed on borrowers' academic records until their obligations are paid.

Institutional Scholarships are awarded based on academic merit, special talent or other criteria established by Seminole State College. While students do not necessarily have to show need to receive this type of award, they must still complete a FAFSA and have the results sent to Seminole State. Institutional scholarships must be coordinated with other types of financial assistance and may reduce students' eligibility for federal or state need-based aid. For more information, visit the Seminole State Scholarships website.

Private Scholarships are awarded based on criteria established by organizations and agencies other than Seminole State College. These awards must be coordinated with other types of financial assistance and may reduce students' eligibility for federal or state need-based aid.

Florida Bright Futures Scholarships are awarded by the Florida Department of Education (FDOE) for the Fall and Spring terms based on academic merit. (Summer funds may also be available, as determined by FDOE.) Funds cover up to 45 credit hours per academic year. Students must be enrolled in a minimum of six non-remedial credit hours per term to be eligible.