General Questions about Eligibility
The first step in the application process is to complete the Free Application for Federal Student Aid (FAFSA) at www.fafsa.gov .
Yes! Even if you do not believe you are eligible to receive the Pell grant, you should still complete the FAFSA. There are other types of financial aid you may be eligible for. Most scholarships require the FAFSA regardless of Pell grant eligibility. In addition, if you wish to apply for a Direct Stafford loan, a completed FAFSA is necessary.
The Federal School Code for State College of Florida is: 001504. In order for the College to receive your FAFSA information from the federal student aid processor, you must enter this school code on the FAFSA.
The Personal Identification Number (PIN) serves as your electronic signature when signing the FAFSA. It is generated by the Department of Education and may be obtained by going to: www.pin.ed.gov . If you have already applied for a PIN, but have misplaced or forgotten it, you may apply for a replacement PIN from the same website.
No. Eligible part-time students may receive Pell Grant.
Federal student aid programs such as the Pell Grant and the subsidized portion of Direct Stafford loans, as well as some scholarships, require that a student demonstrate "financial need" in order to qualify. To determine financial need, the following formula is used:
Cost of Attendance (COA) - Expected Family Contribution (EFC) - Resources = Financial Need
The subsidized Federal Direct Stafford Loan amount cannot exceed the established Cost of Attendance (COA) minus the Expected Family Contribution (EFC) minus the Estimated Financial Aid (EFA) (including any educational loans) received during the loan period. Any decrease in the COA, increase in the EFC or increase in EFA received may result in an over-award. When an over-award occurs, a reduction of the loan may be necessary. The over-award may require the student to immediately repay loan funds previously received.
The unsubsidized Federal Direct Stafford Loan amount cannot exceed the established Cost of Attendance (COA) minus the Estimated Financial Aid (EFA) (including any educational loans) received during the loan period. Any decrease in the COA or increase in the EFA received may result in an over-award. When an over-award occurs, a reduction of the loan may be necessary. The over-award may require the student to immediately repay funds previously received.
Subsidized Direct Stafford loans are need-based, and the government pays the interest on these loans while you are in school, no interest accrues while the borrower is enrolled an at least half-time.
Unsubsidized Direct Stafford loans are not need-based, and you are responsible for all of the interest that accrues on the loan, including while you are in school.