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Financial Aid FAQ

General Information

What is financial aid?
Financial aid is money in the form of scholarships, grants, work awards, and loans awarded to assist students with paying the cost of a post-secondary education.
Where do I get information about financial aid?
You can find out about financial aid at the Financial Aid office on the West Campus (New Port Richey), or at the Student Development office on the other campuses or online at the Financial Aid Web portal.
Who is eligible for financial aid?
Visit the Financial Aid eligibility Web page for this information.
Must I fill out an application to receive financial aid?
Yes, you must apply for financial aid by completing a Free Application for Federal Student Aid (FAFSA) form, available online. Visit the How to Apply page for more information.
What kinds of financial aid are available?
There is aid available from the federal government, the State of Florida, and PHSC.
What aid is available from the federal government?
The federal government aids students by offering:
  • Federal Pell Grant
  • Federal Supplemental Educational Opportunities Grant (FSEOG)
  • Federal Work Study programs
  • William D. Ford Federal Direct Loans
What aid is available for students from the State of Florida?
Florida offers:
What aid does PHSC offer?
PHSC offers a variety of scholarships. Check with your advisor or the Financial Aid office for information or visit the Financial Aid Web portal.
How do I apply for financial aid?
To be considered for all types of aid, students must:
  • apply for admission to PHSC
  • submit any academic transcript required
  • submit the Free Application for Federal Student Aid (FAFSA) with PHSC’s school code 010652.
Is there a financial aid deadline?
Yes, PHSC’s priority deadline for all financial aid forms is April 15 of each year.
How is financial aid awarded?
Most financial aid is awarded on the basis of need, but some scholarships are also awarded on the basis of merit.
When will my financial aid request be processed?
Financial aid disbursement is a lengthy process, perhaps 4-6 weeks. All required documents must be on file in the Financial Aid office before a file can be evaluated for aid.
What if my aid is not ready at the beginning of classes?
Students may request a deferment of tuition, provided all required documents have been received and available for the Financial Aid office to review. Deferments are not guaranteed and students should be prepared to pay for their classes without financial aid.
After I receive my financial aid, what are my responsibilities?
After receiving financial aid, students must maintain satisfactory academic progress. The standards of academic progress can be reviewed on the Standards of Academic Progress Web page.
Do I reapply for financial aid each year?
Yes. Financial aid is not automatically renewed.

Dependent and Independent Status

Whose income do I use if I am a dependent on my parents’ income?
If you are dependent on your parents, their income and assets, combined with yours, will be used to determine your award.
What if I am independent?
If you are independent, your financial need is based solely on your and your spouse’s income and assets.
What defines an independent student for the purpose of aid?
An independent student is:
  • At least 24 years old by December 31 of the award year; or
  • An orphan or ward of the court; or
  • A veteran of the Armed Forces of the United States; or
  • A graduate (post baccalaureate) or professional student; or
  • A married student; or someone with legal dependents other than a spouse to whom the student contributes more than half of their support.

Deferments

What is a deferment?
A tuition deferment means that your tuition fees are delayed or put off until your financial aid is received. Your signature is required. By signing the tuition deferment, you are accepting the responsibility for paying for your tuition and fees if something happens and you become ineligible for financial aid.
What documents must financial aid have for the 60-day deferment of fees?
The Financial Aid office must have the following on file before the 60-day deferment can be issued:
  • Student Aid Report (SAR)
  • High school or GED transcripts
  • Verification documents, if selected
  • Proof of eligible program of study
  • Transcripts from other colleges
Can the 60-day deferment be extended?
No, the deferment cannot be extended under any circumstances.
Can Stafford Loans be deferred?
Yes, repayment may be deferred up to six months (grace period) after graduation, withdrawal, or less than half-time enrollment.
Can Work Study be used to defer (put off) payment of fees?
No, Work Study awards cannot be used to defer fees since the award is earned during the period of enrollment.

FAFSA

What is a FAFSA?
A FAFSA is a Free Application for Federal Student Aid. It is essential for a student to fill out the form in order to receive federal funding. Further information regarding FAFSA, can be reviewed on the Applying for Financial Aid web page.

Grants

What is a grant?
A grant is a gift for which no repayment is required.
What grants are available?
The grants available to PHSC students are:
  • Federal Pell Grant
  • Federal Supplemental Educational Opportunity Grant (FSEOG)
  • Florida Student Assistance Grant (FSAG)
  • PHSC Need Grant
What is the Federal Pell Grant?
The Federal Pell Grant is the largest grant program offered by the U.S. Department of Education. The Federal Pell Grant is designed for undergraduate students working toward their first bachelor’s degree. The Pell Grant is a nonrepayable financial resource. Visit the Pell Grant Web page for more information.
What is the Federal Supplemental Educational Opportunity Grant (FSEOG)?
The Federal Supplemental Educational Opportunity Grant (FSEOG) is the second largest grant program offered by the U.S. Department of Education. The FSEOG are federal funds for undergraduate students working toward their first bachelor’s degree. The FSEOG does not require repayment by the student. Visit the FSEOG Web page for more information.
What is the Florida Student Assistance Grant (FSAG)?
The Florida Student Assistance Grant is a need-based state/institutional administered program. Visit the FSAG Web page for more information.

Loans

What is a loan?
A loan means that you are borrowing money and must pay back the principal plus interest at a later date. Visit the loan Web page for more information.

Scholarships

What is a scholarship?
A scholarship is a gift for which no repayment is required. Visit the Financial Aid Web page for more information.

Work Study Opportunities

What is the Federal Work Study Program?
The Federal Work Study Program is part-time employment for students who demonstrate federal financial aid need. Students are offered the opportunity to work on campus, up to 20 hours per week. Students are paid hourly wages based on the current minimum wage on a biweekly basis. Please see the work study program Web page for more information.