Aid Eligibility and Renewal Requirements

Eligibility and renewal requirements can vary across different types of aid.  All recipients must meet the general eligibility requirements for aid.  To ensure aid is renewed, students must meet the renewal requirements in addition to the initial eligibility requirements.

For more information on eligibility and renewal requirements, please contact Financial Aid.

The information below applies to main campus students.  For information on eligibility and renewal requirements for Florida Tech Online, please visit Florida Tech Online Aid Eligibility and Renewal Requirements.

 

University Scholarships and Grants

All students are considered for Academic Scholarships and Grants at the time they are admitted to the University.  Eligibility for the Academic Scholarships and Grants is based on the student's prior academic performance.

Florida Tech also offers need-based grants to those who qualify.  To qualify for need-based grants, students must meet the basic eligibility requirements for Federal Financial aid and submit a FAFSA each year.  Aid will be awarded based on the student's FAFSA information and other Financial Aid.

All Florida Tech Scholarships and Grants require full-time enrollment (12+ hours for undergraduate, 9+ hours for graduate).  Florida Resident Scholarships, Academic Scholarships, and Academic Grants are mutually exclusive; they do not "stack" and cannot be combined. If a student qualifies for more than one of academic scholarships or grant, the student will be offered the higher scholarship, but not the sum of two or more. Scholarships in an amount less than full tuition may, however, be combined with Incentive Scholarships, Florida Tech Family Grants, and Need-Based Grants.

Florida Tech scholarships can be combined with state and federal scholarship and grant programs.

Florida Tech scholarships and grants are not available during summer terms unless otherwise noted.

University Scholarships for Florida Residents

The following scholarships are only available to students who are residents of Florida.

Panther Distinguished Scholar Award

High school students who qualify for the Bright Futures Florida Academic Scholars (FAS) award are eligible to be considered for a Florida Tech Distinguished Scholar Award, a combination of scholarships and grants that covers full tuition plus the facilities and activities fees to attend Florida Tech. 

The Florida Tech Distinguished Scholar Award is only available to first-time freshmen. To be considered, applicants must:

  • Complete the Florida Financial Aid Application while still in high school
  • Qualify for the Bright Futures Florida Academic Scholars award
  • Apply and be admitted to Florida Tech as a full-time, on-campus, degree-seeking student by February 1 of the year immediately preceding your first semester.
  • Complete the Florida Tech Panther Distinguished Scholar application online by February 1st.
  • Complete and submit the Free Application for Federal Student Aid (FAFSA) listing Florida Tech as a receiving institution (financial aid code: 001469) by February 1 of the year immediately preceding your first semester.

To be eligible for renewal in subsequent years, students must remain in good standing and meet all requirements for the Florida Bright Futures Academic Scholarship, and file a FAFSA application for the academic year in which they seek renewal.  The distinguished scholar award is renewable for a maximum of nine (9) semesters.

Farmer Scholars Program

Annually, Florida Institute of Technology selects one exceptionally qualified student to receive a Farmer Scholarship, which includes full tuition, room and board, and fees.  Students must have a cumulative 3.0 GPA, and be in good academic standing and eligible for renewal for Grant and Scholarship aid from the state of Florida.

Florida Tech Panther Academic Scholarship and International Scholarship

Students awarded a Florida Tech Academic Scholarship or International Scholarship must maintain a minimum 2.6 cumulative GPA as well as a minimum 75% completion rate (must successfully complete 75% of the courses in which they have enrolled).  Students who meet or exceed the minimum requirements will be eligible for renewal for up to nine (9) semesters.

Florida Tech Panther Academic Grant

Students awarded a Florida Tech Academic Grant must maintain a minimum 2.0 cumulative GPA as well as a minimum 75% completion rate (must successfully complete 75% of the courses in which they have enrolled).  Students who meet or exceed the minimum requirements will be eligible for renewal for up to nine (9) semesters.

Florida Tech Panther Fund Grant

Students awarded the Florida Tech Panther Fund Grant must maintain a minimum 2.0 cumulative GPA as well as a minimum 75% completion rate (must successfully complete 75% of the courses in which they have enrolled).  Students who meet or exceed the minimum academic requirements and complete a FAFSA application that demonstrates qualifying financial need will be eligible for renewal.  Renewal offers are based on demonstrated need as determined by the annual FAFSA application and other available aid.

Florida Tech Panther Transfer Scholarship

Students awarded the Florida Tech Panther Transfer Scholarship must maintain a minimum 2.6 cumulative GPA as well as a minimum 75% completion rate (must successfully complete 75% of the courses in which they have enrolled).  Students who meet or exceed the minimum requirements will be eligible for renewal for up to nine (6) semesters.

Florida Tech Phi Theta Kappa, Scouting and First Robotics Scholarships

Students awarded one of these scholarships must maintain a minimum 2.6 cumulative GPA as well as a minimum 75% completion rate (must successfully complete 75% of the courses in which they have enrolled).  Students who meet or exceed the minimum requirements will be eligible for renewal for up to nine (9) semesters.

Florida Tech Legacy and Sibling Grants

Students awarded one of these scholarships must maintain a minimum 2.0 cumulative GPA as well as a minimum 75% completion rate (must successfully complete 75% of the courses in which they have enrolled). 

Florida Tech Presidential Transfer Scholarship

Students awarded the Florida Tech Presidential Transfer Scholarship must maintain a minimum 2.6 cumulative GPA as well as a minimum 75% completion rate (must successfully complete 75% of the courses in which they have enrolled).  Students who meet or exceed the minimum requirements will be eligible for renewal for up to four (4) semesters.

Florida Tech Science Fair and NCSSS Scholarships

Students awarded one of these scholarships must maintain a minimum 2.6 cumulative GPA as well as a minimum 75% completion rate (must successfully complete 75% of the courses in which they have enrolled).  Students who meet or exceed the minimum requirements will be eligible for renewal for up to nine (9) semesters.

International Partnership Funds

Florida Tech has several international partners through which students from the partnered location can receive partnership funds.  To maintain good standing and renew these funds, students must maintain a minimum of 2.0 cumulative GPA. Students who meet or exceed the minimum requirements will be eligible for renewal for up to nine (9) semesters.

To continue receiving federal aid, students must meet the Basic Eligibility Criteria, and Satisfactory Academic Progress Standards.

Federal Aid

To be eligible for Federal Financial Aid, you must meet the following Basic Eligibility Criteria set forth by the U.S. Department of Education (see this helpful infographic):

  • demonstrate financial need (for most programs);
  • be a U.S. citizen or an eligible noncitizen;
  • have a valid Social Security number (with the exception of students from the Republic of the Marshall Islands, Federated States of Micronesia, or the Republic of Palau);
  • be registered with Selective Service, if you’re a male (you must register between the ages of 18 and 25);
  • be enrolled as a regular student in an eligible degree program;
  • be enrolled at least half-time to be eligible for Direct Loan Program funds;
  • maintain satisfactory academic progress in college or career school;
  • sign the certification statement on the Free Application for Federal Student Aid (FAFSA®) stating that
    • you are not in default on a federal student loan and do not owe money on a federal student grant and
    • you will use federal student aid only for educational purposes; and
  • show you’re qualified to obtain a college or career school education by
    • having a high school diploma or a recognized equivalent such as a General Educational Development (GED) certificate; 
    • completing a high school education in a homeschool setting approved under state law (or—if state law does not require a homeschooled student to obtain a completion credential—completing a high school education in a homeschool setting that qualifies as an exemption from compulsory attendance requirements under state law); or
    • enrolling in an eligible career pathway program and meeting one of the "ability-to-benefit" alternatives described below.

To continue receiving federal aid, students must meet the Basic Eligibility Criteria, and Satisfactory Academic Progress Standards.

Florida State Aid

Residency Requirements

The Florida State aid is only available to Florida residents who are citizens or permanent residents of the United States. Florida residency is based on state law and administrative rules. Generally, students whose families have been living in Florida twelve (12) consecutive months prior to the start of the school year are considered residents. A full and complete description of rules and regulations regarding Bright Futures and other state aid can be found through the state's Office of Student Financial Assistance.

Florida State Scholarships

Bright Futures Academic Scholars

Eligible applicants are Florida high school graduates with a minimum 3.5 high school GPA, a 1290 SAT or 29 ACT composite and 100 hours of community service. Eligible students receive approximately $6,930 (30 credits x $211/credit hour, plus $600) per year.

Bright Futures Medallion Scholars

Eligible applicants are Florida high school graduates with a minimum 3.0 high school GPA and a 1170 SAT or 26 ACT composite and 75 hours of community service. Eligible students receive approximately $4,800 (30 credits x $158/credit hour) per year.

Students must have a minimum 3.0 cumulative GPA to renew their Florida Academic Scholars (FAS) award and a minimum 2.75 cumulative GPA to renew their Florida Medallion Scholars Award (FMS). FAS awardees who earn less than a 3.0 cumulative, but higher than 2.75 cumulative GPA will be renewed at the FMS award level, so long as they meet the credit hour requirement (see below).

Credit Hour Requirement

Term 1 Hours Funded

Term 2 Hours Funded

Annual Earned hours Requirement

Full-Time (12 or more)

Full-time

12+12=24

Three-Quarter Time

12+9=21

Half-Time

12+6=18

Three-Quarter Time (9-11)

Full-time

9+12=21

Three-Quarter Time

9+9=18

Half-Time

9+6=15

Half-Time (6-8)

Full-time

6+12=18

Three-Quarter Time

6+9=15

Half-Time

6+6=12

Note that Bright Futures funds will not pay for withdrawn courses, repeated courses, or remedial courses. Satisfactory Academic Progress (SAP) appeals approvals through the university will not apply to this award. If a student fails to meet the renewal requirements after their first year in college and brings their academic standing to the minimum requirements for their Bright Futures Scholarship by the end of their second year, the student may appeal to the state for reinstatement of their Bright Futures award.

For more details on Bright Futures requirements, reinstatements and other rules, please visit their website.

 

Florida State Grants

Effective Access To Student Education (EASE, Formerly Known As FRAG)

All full-time undergraduate students who meet the Florida residency requirements are eligible to receive this financial assistance from the state. The award amount varies from year to year and is based on available state funds. The state legislature will determine the amount for each academic year.

Florida Student Assistance Grant (FSAG)

To qualify for the Florida Student Assistance Grant, a student must have a valid FAFSA application on file with a qualifying EFC of $6,080 or less and demonstrate financial need.

To be eligible for renewal for Florida Grants, students must have a 2.0 or higher cumulative GPA, and must have completed at least 24 credit hours in the past academic year (or 12 credit hours in each term during the aid year in which the eligible student received aid). For these grants, an academic year can include the prior summer (Summer 2021, Fall 2021 and Spring 2022).  If a student does not meet the renewal requirements at the start of the new academic year, the student must sit out a full year (fall and spring terms) before being considered for renewal. Students who sit out a year must meet the minimum GPA requirements to be reinstated. Note that Satisfactory Academic Progress (SAP) appeals through the university will not apply to these awards and a separate appeal must be made, if the student is eligible to do so. Appeal eligibility requirements are limited and outlined by the state. For more information on requirements, reinstatements and other rules, please visit Florida Department of Education's Website.