Congratulations! Thank you for selecting Florida Agriculutural and Mechanical University as your school of choice. The Office of Financial Aid is committed to to assisting students in meeting the cost of a college education. Financial aid has helped millions of students pay for their education beyond high school. The Free Application for Federal Student Aid (FAFSA) is the key to some of the best resources available to you to fund your education. Therefore, it is important to complete the FAFSA by March 1 annually. We want our students to take advantage of all the grants, loans, and work-study opportunities available to them. Should you need assistance, our counseling staff is ready and eager to assist you with navigating through the financial aid process.
We hope the information provided on this website will answer questions asked by most financial aid recipients.
The Office of Financial Aid is located in the Foote Hilyer Administration Building, Room 101.
DID YOU KNOW . . .
1. It is time to complete the 2013-2014 Free Application for Federal Student Aid (FAFSA). The application period began JANUARY 1, 2013. Did you know that you do not have to wait until you file taxes to complete the FAFSA? You can estimate your income based off of your last 2012 wage and earnings statement.
2. Did you know that the Financial Aid Priority filing deadline for 2013-2014 was March 1, 2013? Do not delay filling out the FAFSA. Funds are awarded on a first come first served basis.
3. Did you know that students with an approved Satisfactory Academic Progress (SAP) appeal for SPRING 2013 must academically progress during Spring 2013 in order to receive aid for SUMMER 2013. Approval IS NOT automatic.
4. Did you know that students can review their IRATTLER ACCOUNT for financial aid award updates, documents outstanding, financial aid holds, etc?
5. Did you know that student loan debt has surpassed credit card debt? It is important that you create a budget each semester and borrow only what you need.
6. Did you know that students who receive federal financial aid and officially withdraw from all classes before the 60% point of the term may be subject to repayment of financial aid received? Please view the financial aid website at www.famu.edu and click on financial aid for additional information on Withdrawals and Title IV returns.
7. Did you know that students who unofficially withdraw from all classes (not attending classes for which you have enrolled) may be subject to repayment of federal financial aid received?
8. Did you know that the PELL grant program has a maximum lifetime limit to receive PELL funds? A recent change in the law limits the total lifetime amount of Pell Grant funding a student may receive to the equivalent of twelve (12) full-time semesters or six (6) years (600%). This change affects all Pell Grant eligible students beginning with the 2012-13 award year. For additional information on how the Pell Grant received amount was calculated, please visit www.studentaid.ed.gov/pell-limit.
9. Did you know that if you drop or withdraw from a course for which a Bright Futures Scholarship was disbursed, you must repay the Bright Futures received for the course? Also, the student will be ineligible to renew his/her Bright Futures award for any subsequent academic year until repayment occurs.
10. Did you know financial aid is not disbursed until attendance in all classes is confirmed?
11. Did you know that the Direct Parent Loan for Undergraduate Students (PLUS) and the Direct Graduate PLUS loan requires credit approval through the Department of Education? www.studentloans.gov.
12. Did you know that there are Federal Stafford loan limits for Dependent students of $23,000 Subsidized and $8,000 Unsubsidized and Independent students $23,000 Subsidized and $34,500 Unsubsidized? Please visit www.studentloans.gov to view the loan limits and visit www.NSLDS.ed.gov to see what you have borrowed.
Again, thank you for choosing Florida A&M University to further your education, we wish you great success in your academic endeavors!
Office of Financial Aid