Your Florida Bright Futures Scholarship will be based on the number of credit hours. If you receive the Florida Academic Scholar Bright Futures Scholarship, then multiply the number of credits by $103 per credit hour for your semester amount. If you receive the Florida Medallion Bright Futures Scholarship, then multiply the number of credits by $77 per credit hour for your semester amount. Your award letter is based on 16 credits per semester for A&S students and 12 credits per semester for Hamilton Holt students. If you are enrolled in more than our estimate, your Bright Futures Scholarship will be increased at the end of the drop/add period each semester. If you are enrolled in less than the estimate, your Bright Futures Scholarship will be decreased. All adjustments will be made by the end of the initial add-drop period.
Calculation: _____________ X $___________ = $______________
Hours Enrolled $103 or $77 Semester Award
Note: The maximum amount of Bright Futures you may receive each year is $3,465 for the Medallion level and $4,635 at the Academic Scholar level. This equates to a total of 45 credit hours completed during the fall and spring semesters.
At the end of the initial add/drop period, your Bright Futures Scholarship will be set. If you drop/withdraw from any credits after this point, we are required to return the appropriate amount back to the State of Florida, which would create a balance due on your student account. As an example, you may enroll in 18 credits and your Bright Futures Scholarship is $1,854 ($103 X 18 credits) at the end of add/drop. Then, if you decide to drop four credits at any point, $412 ($103 X 4 credits) will be returned to the State of Florida, creating a balance on your student account. In addition to your balance, you will not be able to receive Bright Futures in any subsequent year until these funds are repaid on your account.
We highly encourage you to meet with your academic advisor if you have any concerns about your courses. In addition, please visit the Financial Aid Office in order to outline the financial implications if you are considering dropping/withdrawing from even one credit hour after the initial add/drop period.
If you have any questions about these changes or any other financial aid question, please do not hesitate to contact our office. Additional information may be found at http://www.floridastudentfinancialaid.org/SSFAD/factsheets/BF.htm