Florida Institute of Technology

June 28–Aug. 8, 2013

Financial Aid and Money Matter FAQs

Also, view the frequently asked questions about the Oxford Program and the Italy Travel Course.

Summer 2013 SCHOLARSHIPS:

Contact hcudmore@fit.edu for assistance if you plan to apply for a scholarship. Submit application essay drafts to hcudmore@fit.edu by February 11, 2013 so there is time for review & editing.

  1. Florida Tech Oxford Program Scholarship:  Open to all Oxford Program students with a 3.25+gpa and verified financial need. Contact hcudmore@fit.edu for details.
  2. Gilman Scholarship for ALL majors. There is no GPA requirement, however you must be a Pell Grant recipient. One Florida Tech Oxford student was awarded a Gilman scholarship in summer 2010. March 1, 2013 deadline for applications.
  3. Phi Kappa Phi Scholarship: If you have completed 30+ hours and have a GPA of 3.75 or higher, click here to apply for a $1000 scholarship to help you pay for summer 2013 in Oxford. Scholarship open to US and non-US residents.  April 1 deadline.
  4. Oxford/Spain Program combination scholarship!  Participate in both the Florida Tech Oxford and Spain Programs and take an additional $1000 off of tuition. Save over $2250 off of tuition for 9 Florida Tech credit hours and spend 7 weeks abroad this summer! 

Myth: If I use financial aid this summer for the Oxford Program I will not get fall or spring aid.

Fact: No, if you use aid money in the summer, this does not take away from any other term's loans. You will still get the same amount in the fall and spring that you usually get. Yes, you will have more to pay back when you graduate, but if you are borrowing money anyway, it may as well be for this great experience on which you cannot really place a price tag.

Myth: Financial aid won’t pay for study abroad and I cannot make payments before my aid comes in.

Fact: Financial aid really can pay for it all. If you are eligible for aid, you can get loans this summer for the entire amount plus spending money. You can even get the aid to cover your flight costs and additional expenses. This program is just like if you were taking the courses at Florida Tech in Melbourne in the summer during summer school. You will get full credit and grades for all six credit hours. The aid is Stafford Loans and private loans such as Wells Fargo and Sally Mae. The financial aid office knows the full program cost and they can tell you the amount they will allow you to borrow, but it is about $11,000 even though the actual cost is $9,000 including airfare. The additional money helps to pay for food and personal expenses.

If you use financial aid for the program, the only payments you will actually have to make yourself are the February 4 $1,000 payment, the $300 application fee, and the optional trips payment. Your loans will later reimburse you for these payments (in May). In May any fees due to the program including all program costs and tuition will go into your student account and then into the Oxford Program account. A check for the residual amount will be mailed to you in the summer, so you will have spending money before you leave. The only other payment you need to make is for airfares.

All fees are posted on the Oxford Program website under "Costs".