2013-2014 Course Catalog - PDF Format - Flagler College

Financial Aid 59
Interest Rate Reductions
Loans made to undergraduate students will be reduced. The applicable interest
rates for loans made during this period are as follows:
year through June 30 of the next year. This change does not affect any prior loans
made to borrowers; the terms and interest rates of those loans remain the same.
First disbursement of a loan:
Interest rate on
Made on or after And made before the unpaid balance
July 1, 2008 July 1, 2009 6.0 percent
July 1, 2009 July 1, 2010 5.6 percent
July 1, 2010 July 1, 2011 4.5 percent
July 1, 2011 July 1, 2012 3.4 percent
July 1, 2012 July 1, 2013 3.4 percent
July 1, 2013 July 1, 2014 6.8 percent
State of Florida Need-based Aid
Florida Student Assistance Grant. A non-repayable grant for students
who are Florida residents. Each year, the State sets a qualifying EFC benchmark,
with any student at or under the EFC being potentially eligible. A student who
submits the Free Application for Federal Student Aid (FAFSA) is automatically
considered. The amount of the grant depends on funds provided by the state
legislature, but it is usually in the $1,000 to $1,800 range.
Florida Work Experience Program.
this work to Florida residents who express a desire to work and who have
need. The normal work week is six hours, and the minimum wage is
paid. The standard work award is $700 per semester.
Other States’ Need-based Aid
Some states, such as Pennsylvania, Rhode Island, and Vermont, provide grants
to their residents who attend Flagler College. The amounts of the grants vary from
state to state and depend on the student’s level of need. A student should inquire at
Flagler College Need-based Aid
Flagler (Need) Grant. A non-repayable grant, awarded to students
need.
recipients and amounts based on the level of need and other aid being received.
Awards usually range between $200 and $4,000.