Florida Academy of Nursing has been approved as an eligible institution by the U.S. Department of Education to participate in the Federal Student Aid Program. Florida Academy of Nursing has approval to award Title IV funds for the following programs:
· Federal Pell Grant
· Federal Direct Loan
· Federal Work Student
Tuition and Fees
Florida Academy of Nursing has provided the net price calculator below to help you identify and compare our cost of tuition and fees by program. Below is the link to our net price calculator.
Not all students will qualify for all aid that is available through the Federal Student Aid Program. Each student will receive a Student Aid Report (SAR) once the submitted FAFSA has been processed. This will outline the aid source(s) a student qualifies to receive.
Financial Aid Information
How to Apply for Financial Aid: You may be eligible to receive need-based grants and/or loans by completing and submitting a FAFSA (Free Application for Federal Student Aid) online at www.fafsa.ed.gov. Financial Aid is awarded on an individual case basis and students must first meet the eligibility requirements. If a student is in default on a Federal Student Loan, he or she is not eligible to receive any Federal Student Aid until the default is resolved. If a student has reached the maximum
Lifetime Eligibility Used (LEU) for a Pell grant, he/she will not receive any additional Pell payments but may still qualify for other loans.
To select Florida Academy of Nursing as a school of choice on the FAFSA, the Federal School Code is 042923, or by name listed as “The Florida Academy of Nursing” located in Miramar, Florida. To discuss your financial needs, make an appointment with a Financial Aid advisor by contacting the Office of Financial Services at 954.322.1612 or send an email to financialaid@fanstudent.com.
Grants
Federal Pell Grant – is a federal grant awarded to students on the basis of financial need and does not have to be repaid. Grants are only awarded to undergraduate students who have not yet earned a bachelor’s or a professional degree. In order to apply for a Pell Grant, students must complete a Free Application for Federal Student Aid (FAFSA). The U.S. Department of Education uses a standard formula to evaluate the financial information provided on this application to determine a student’s eligibility for a Pell Grant. Award amounts vary based on a student’s financial need, an institution’s cost of attendance, and enrollment status
FAFSA & Net Price Calculator
Please contact FAN’s Financial Aid Office for due dates on your FAFSA as it relates to your program.
Loans
Florida Academy of Nursing participates in the Federal Direct Loan program which allows students and their parents to borrow money to pay for their educational needs. Student loan(s) MUST BE PAID BACK with interest. The loan lender and servicer is the U.S. Department of Education.
· Direct Subsidized Loan – Students must complete the Free Application for Federal Student Aid (FAFSA) to be considered for a federal loan. Direct Subsidized Loans are for undergraduate students with financial needs. Graduate and professional students are not eligible. Repayment begins 6 months after a student graduates or is no longer enrolled at least half time (grace period). Interest is not charged (subsidized) on this loan while students are in school or during the grace period.
· Direct Unsubsidized Loan – These loans are not based on financial need and are for both undergraduate and graduate students. Interest begins to accrue on unsubsidized loans from the time the loan is disbursed, and throughout to the repayment period until the loan is repaid. Students may opt to pay interest while in school or may request that the interest be added to the loan principal, to be paid during the student’s loan repayment period. Repayment begins 6 months after a student graduates or when they are no longer enrolled at least half time (grace period).
· Direct Parent Plus Loans – are loans available to parents of dependent undergraduate students as well as graduate and professional students. This loan is designed to help students and their parents pay for educational costs. A PLUS loan is an unsubsidized loan. Interest accrues while students are enrolled for at least half time and during the grace period. A mandatory credit check is required and eligibility for this loan is dependent on the borrower’s creditworthiness. Repayment of principal and interest begins 60 days after the loans have been disbursed.
Students and parents who are interested in obtaining Federal Direct Loan(s) must complete Entrance Counseling and sign a Master Promissory Note.
Please go to www.studentaid.gov to complete this process,
FAN’s School Code: 042923.
FAFSA & Net Price Calculator
Please contact FAN’s Financial Aid Office for due dates on your FAFSA as it relates to your program.
Scholarship
In addition to Financial Aid, students have the option to use available free resources to help them pay for school. Students can identify agencies and organizations that offer scholarships and tuition assistance in their community.
Listed below are a few of the free resources available to help locate funding opportunities. The Financial Aid department can provide a listing of websites for additional scholarships. Applicants can contact agencies located in their community for more information. We have included a list of resources that students can utilize in order to obtain free access to scholarship databases.
FAFSA & Net Price Calculator
Please contact FAN’s Financial Aid Office for due dates on your FAFSA as it relates to your program.
Financial Aid Resource
ENTRANCE COUNSELING – This mandatory session is intended to educate and help students and parents understand the responsibilities of accepting a federal student loan. Entrance counseling must be completed before a federal student loan can be disbursed to students and/or parents. Its goal is to lower the rate of delinquency and default among student loan borrowers.
Complete Entrance Counseling link
EXIT COUNSELING – This process provides important information for student and parents to make preparation to repay Federal Student Loan(s). If you receive a subsidized, unsubsidized or PLUS loan from the Direct Loan Program, you must complete exit counseling when your enrollment status is:
Less than half time
Graduate
Withdrawn
FINANCIAL AID VERIFICATION – This is the process your school uses to confirm that information provided on your FAFSA is correct. You may be randomly selected by the Department of Education’s Central Processing System for verification or by your school to resolve conflicting information that appears on your FAFSA. Your school will request additional documentation to support the accuracy of information you reported on your FAFSA. Verification seeks to ensure that Federal Aid is disbursed to those who are eligible.