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Financial Aid

Types Of Financial Aid

Financial aid is not just one "thing," but rather a combination of several different types of assistance.

University Scholarships and Grants

University Scholarships and Grants are typically merit-based or need-based awards made by Florida Tech to admitted and current students, based on certain criteria. These are commonly referred to as "gift aid," in that the student is not responsible for paying any of the awarded funds back.

Florida State Scholarships and Grants

Florida State Scholarships and Grants are funds awarded by the state to Florida residents who meet certain merit and/or need-based criteria, to assist Florida residents with the cost of their postsecondary education. These include the Florida Bright Futures Scholarship Program.

Federal Financial Aid

Federal Financial Aid refers to loan programs made possible by the federal government. These include Federal Pell Grants, Federal Supplemental Educational Opportunity Grants (FSEOG), and federal student and parent loan programs.

Private Loan Providers

Private Loans are loans contracted with private lending companies directly by the borrower.

Code of Conduct

Florida Tech explicitly prohibits any conflict of interest between our counselors and Federal or private education loans.  All counselors responsible for loans are informed annually of the provisions of this code of conduct.  The code of conduct prohibits the following:

  • Revenue-sharing arrangements with any lender
  • Receiving gifts from a lender, a guarantor, or a loan services
  • Contracting arrangement providing financial benefit from any lender or affiliate of a lender
  • Directing borrowers to particular lenders, or refusing or delaying loan certifications
  • Offers of funds for private loans
  • Call center or financial aid office staffing assistance
  • Advisory board compensation