Determining Financial Aid Status

Award Letter/Award Summary

Once your file has been completed and reviewed, Florida State College at Jacksonville will award you with the best available financial aid package. You will receive an official College award email explaining the financial aid package you are eligible to receive. Please review your award summary, some funds require you to take action to accept them.

Loan Status

To be eligible for a loan you must have a complete financial aid file at Florida State College at Jacksonville and be accepted into a financial aid eligible program. A complete financial aid file consists of completion of a FASFA form as well as submission of any forms or additional information requested. You can view these requirements in myFSCJ. Federal loans require that you maintain a minimum of half time enrollment each term that you wish to receive a portion of your loan. Half time is at least six credit hours. If you drop, cancel or withdraw from a class that makes you less than six credit hours prior to your loan being disbursed, you will not be eligible for that loan.

If the FAFSA is already completed, your award package will include loans. Your loan amount will be based on eligibility criteria and may be reduced or cancelled through your myFSCJ account. You may also request a loan, if you did not answer yes on the FAFSA, by completing a loan appeal form. You may view the status of your loan and any other required steps in myFSCJ.

Due to recent enacted legislation, there is no need to request a lender. Florida State College at Jacksonville participates in the William D. Ford Direct Loan program. All loans are offered by the federal government.

Students requesting a loan must also complete loan entrance counseling and a master promissory note. You may complete these forms by visiting www.studentloans.gov. Visit myFSCJ for complete details of your student loan.

Proration of Direct Loans for Graduating Seniors

Federal regulations require schools to prorate the Federal Direct Stafford Loan amount for graduating undergraduate students when their final period of enrollment is less than a full academic year.

Graduating seniors who are only attending one semester of the academic year may have their Federal Direct Stafford Loans prorated based on the number of credit hours they are enrolled.

LOAN PRORATION FORMULA

Prorating limits the amount of subsidized/unsubsidized loans that a graduating senior may borrow for their final semester based on the following formula:

Offered loans are initially calculated based on a projected full-time cost of attendance for the fall and spring semesters.

After the Drop/Swap/Add period, Federal Direct Stafford loans are recalculated and prorated based on the student’s actual enrollment. Note that the actual loan amount may be also impacted by the student’s total aggregate loan limit.

Private and Federal Direct PLUS (Parent Loan for Dependent Students) loans may be available to supplement the student’s expenses.

Disbursement Hold

For more information about disbursements, visit the disbursement FAQ page.

Payment of Tuition and Fees

If your award is enough to cover your tuition and fees, your bill will be paid. If your award is not enough to cover your charges, you must pay the balance from your own resources by the designated payment date.

Disbursement of Funds

Funds will not be disbursed until after drop deadline each term. The date of disbursement (1st pay) is listed in your schedule and posted at campuses for each term. Funds can only be disbursed to students who have received an official Florida State College at Jacksonville financial aid award letter and have completed all disbursement requirements.