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Financial Aid Services
Grants
Grants may be awarded if you show financial need based on
the Free Application for Federal Student Aid (FAFSA). The grants
listed
here are administered by Valencia based on the guidelines
set for each program by the provider.
Federal Pell Grant
This is a need–based federal grant program for students
who are seeking their first undergraduate degree and whose Estimated
Family Contribution (EFC) ranges from 0 to 4,995. The annual award amount
is determined by your EFC and enrollment status. The maximum scheduled award is $5,550.
Students who establish eligibility will
be funded.
All documents needed to establish eligibility must be received
prior to your last day of enrollment, or June 30 of the award year, whichever
comes first. Initial awards are estimated based on the results
of the FAFSA and are based on a full time enrollment calculation.
Estimates will change if any criteria used to determine your
eligibility, such as major, degree status, satisfactory progress,
and income
or family information changes. You may receive coverage
only for courses that are required for your program of study
and
a maximum
of 30 credit hours of required college–preparatory coursework. Actual payment will not be determined until after the 100%
refund deadline and class attendance has been confirmed. Students
registered
for Flex Start classes will not receive pell grant payments
until their last class has begun. Flex Start classes added
to schedule
after pell payment is made will not be considered
for financial aid payment.
The amount actually paid to you from the Federal Pell Grant
will be prorated if you enroll for less than 12 credit hours
in
a given term or if you take courses outside your program of study.
You
must begin attending all of your classes on the first day.
If you are withdrawn for non–attendance prior to the actual
payment of Pell Grant funds, your eligibility could be cancelled.
Federal Supplemental Educational Opportunity Grant (FSEOG)
This
is a need–based federal grant awarded to undergraduates
seeking a first undergraduate degree in an eligible program who
have exceptional financial need. The award amount at Valencia
varies by enrollment and allocation. Priority is given to students with an
Estimated
Family Contribution (EFC) of "0" who apply for financial
aid early. Limited funding is available in this program and
funding is awarded
on a first come–first served basis. Recipients are chosen
based on EFC and application date, and funds are usually not
available to late applicants. Initial awards are estimated
based on the results
of the FAFSA and assume a full time enrollment. Estimates may
change if any criteria used to determine your eligibility,
such as major, degree status, satisfactory progress, and income
or family contribution changes. Actual
payment will not be determined until after the add/drop period
has ended
and classes have begun. The amount actually paid to you from
the FSEOG will be prorated if you enroll for less than 12 credit
hours
in a given term. You must attend all of your classes on the
first day of each term. If you are withdrawn for non–attendance
prior to the actual payment of FSEOG funds, payment for the
withdrawn class(es) will not be made.
Florida Student Assistance Grant (FSAG)
FSAG is a need–based program for students who meet Florida
residency requirements. To qualify, you must be seeking
your first undergraduate degree, be enrolled in an AA or
AS degree
program,
must also qualify for a Federal Pell Grant and must enroll
for a minimum of 6 credit hours. The award amount at Valencia
varies up to a maximum of $2412 per year. Priority is given
to qualified renewal students and full–time students
with high unmet financial need that apply for financial
aid early. Limited funding is available
in this program and funding is awarded on a first come–first
served basis. Recipients are chosen based on EFC and application
date, and funds are usually not available to late applicants.
Initial awards are estimated based on the results of the
FAFSA. Estimates
will change if any criteria used to determine your eligibility,
such as residency, major, degree status, satisfactory progress,
income or family information changes. Actual payment will
not be determined until after the add/drop period has ended
and classes have
begun. The
amount actually paid to you from the FSAG will be prorated
if you enroll for less than 12 credit hours in a given
term. You must
attend all of your classes on the first day of each term.
If you are withdrawn for non–attendance prior to
the actual payment of FSAG funds, payment for the withdrawn
class(es) will not be made. FSAG is available for fall
and spring terms only. For additional details and
regulations, visit floridastudentfinancialaid.org.
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