Florida residents enrolled in a private university such as Palm Beach Atlantic recently got some good news. The financial aid award from the state has increased to a record high value of $3,300 per academic year or $1,650 per semester for the upcoming 2017-18 academic year. The increase amounts to $300 over last year.
The Florida Resident Access Grant (FRAG) assists those who choose to attend a private college or university in the state. The increases were approved by the Florida Legislature and signed into law by Governor Rick Scott. Palm Beach Atlantic recently notified eligible new and returning students about the increase.
“On behalf of the students who will benefit from this additional funding, I wish to thank the members of the legislature who voted to increase access to higher education,” President William M. B. Fleming, Jr. said. “In particular, we are grateful for the efforts of Senate President Joe Negron and Senator Lizbeth Benacquisto, who is a graduate of PBA.”
In order to be eligible for FRAG, the student must be a Florida resident and a U.S. citizen or eligible non-citizen. A student’s residency and citizenship status are determined by the postsecondary institution. In addition, the student must not owe a repayment or be in default under any state or federal grant, loan, or scholarship program unless satisfactory arrangements to repay have been made and not have previously received a baccalaureate degree. Enrollment for a minimum of 12 credit hours per term, or the equivalent, at an eligible Florida college or university in a baccalaureate degree program is required. The student also must meet Florida’s general eligibility requirements to receive state aid. Questions regarding eligible status should be directed to the Financial Aid office.
Returning PBA students who are Florida residents will see the increase in their aid packages, too, if they have maintained their eligibility by having earned a minimum institutional cumulative grade point average (GPA) of 2.0 on a 4.0 scale, and earned the equivalent of 12 credit hours for each term an award was received during the academic year. A student is eligible to receive an award for a maximum of nine semesters or 14 quarters. Questions can be directed to the Financial Aid office.