Types of Financial Aid

Types of Financial Aid Available

Edward Waters College offers a variety of federal, state, local, and private funding sources to assist our students and their families with meeting all educational costs. As a proud member of the United Negro College Fund (UNCF) for many years, we are proud to offer scholarships through this organization to qualifying students. In addition, Edward Waters College offers both merit and need-based institutional scholarships.

 

Federal Student Aid Grants

Below are the types of Federal Grants available at Edward Waters College:

 

Federal Pell Grant

The U.S. Department of Education provides federal grants to undergraduate students who are eligible U.S. citizens or eligible non-citizens. An undergraduate is one who has not earned a bachelor’s degree. Unlike loans, Federal Pell Grants do not have to be repaid.

Eligibility for Federal Pell Grant will be determined once the student has completed the FAFSA, the U.S. Department of Education uses a standard formula to evaluate the income information you report on your FAFSA to determine your Estimated Family Contribution (EFC). The Financial Aid Office uses this number to determine your eligibility for financial aid against the Cost of Attendance (COA).

How Much Will You Receive?

Awards for the 2017-2018 school year will range from $598-$5,920 per year depending on the student’s enrollment status, cost of attendance, and EFC. Students attending less than half-time may be eligible for only a Federal Pell Grant and Federal Direct Loans.

 

Federal Supplemental Educational Opportunity Grant

The U.S. Department of Education provides limited Federal Supplemental Educational Opportunity Grants (FSEOG) to undergraduate students.

How Do You Qualify?

Students must complete the FAFSA and demonstrate financial need. Priority is given to students that are eligible for the Pell grant and demonstrate high financial need. Should additional funds remain, funds are awarded to category two students or those that may not be eligible for Federal Pell Grant and demonstrate need.

How Much Will You Receive?

Awards for will range from $200 – $4,000 per year depending on financial need and the availability of funds.

 

Federal TEACH Grant

The Federal Teach Grant is available to Early Education Majors with a 3.2 or higher. Students must complete an Entrance Interview explaining grant requirements and an agreement to serve. The award amount is $4,000 per academic year. Please visit the Financial Aid Office for more information.

 

Florida State Grants and Scholarships

The William L. Boyd, IV Florida Resident Access Grant (FRAG) Program provides tuition assistance to Florida undergraduate students attending an eligible private, non-profit Florida college or university. Meet Florida’s residency requirements for receipt of state student financial aid by maintaining Florida residency for purposes other than education for a minimum of 12 consecutive months prior to the first day of class of the academic term for which funds are requested. All recipients must earn 12 credit hours each semester and maintain a 2.0 GPA.

The Florida Student Assistance Grant (FSAG) Program is a need-based grant program consisting of three separately funded student financial aid programs available to degree-seeking, resident, undergraduate students who demonstrate substantial financial need and are enrolled in participating postsecondary institutions. All recipients must earn 12 credit hours each semester and maintain a 2.0 GPA.

The Mary McLeod Bethune Scholarship provides financial assistance to undergraduate students who meet scholastic requirements and demonstrate financial need. This scholarship is awarded to the students with the highest need first. The funds are limited at each participating Institution.

The Florida Bright Futures Scholarship Program establishes three lottery-funded scholarships to reward Florida high school graduates for high academic achievement. For Initial Eligibility the student will need to submit a fully completed (error free)

The application gives the Florida Department of Education (FLDOE) permission to evaluate the student’s high school transcript and standardized test scores for eligibility for a Bright Futures Scholarship and other state scholarships and grants. Apply during his/her last year in high school, before graduation, or you will forfeit all future eligibility for a Bright Futures Scholarship.

 

Edward Waters College Scholarships

The Office of Financial Aid is pleased to announce the availability of both merit and need-based scholarships to students who qualify.  The Edward Waters College Scholarship/Grant-In-Aid programs are designed to assist students with offsetting the direct costs of education (Tuition, Fees, and On-campus room and board). The Following awards will be made after all other financial aid has been determined.  The EWC scholarship and Grant-in Aid programs are not designed or intended for students to make a financial profit or generate a student refund, rather only to pay for direct college expenses not met by other forms of assistance. The award may be reduced should additional aid be received after disbursement (other than work-study and loans) for direct costs. The following scholarships are offered to potential students once all admissions documents have been received by the Admissions office.

 

Presidential Scholarship

This scholarship is awarded to incoming high school seniors with a 3.50 cumulative grade point average (GPA) and SAT scores of 1100 or ACT scores of 24. Students must apply for financial aid to be eligible for this scholarship. Students must register for at least 12 credit hours and earn at least 12 credits hours per semester. This scholarship is up to the full cost of tuition and fees, and cannot generate any refund to the student. This scholarship is renewable up to eight semesters by maintaining a minimum 3.25 GPA

 

College Scholarship

This scholarship is awarded to incoming high school seniors with a 3.25 cumulative grade point average (GPA) and SAT scores of 1000 or ACT score of 21. Students must apply for financial aid to be eligible for this scholarship. Students must register for at least 12 credit hours and earn at least 12 credit hours per semester. This scholarship is up to $7,000, and cannot generate any refund to the student. This scholarship is renewable up to eight semesters by maintaining a 3.00 GPA

 

Honors Scholarship

This scholarship is awarded to incoming high school seniors with a 3.00 cumulative grade point average (GPA) and SAT scores of 860 or ACT scores of 18. Students must apply for financial aid to be eligible for this scholarship. Students must register for at least 12 credit hours and earn at least 12 credit hours per semester. This scholarship is up to $5.000, and cannot generate any refund to the student. This scholarship is renewable up to eight semesters by maintaining a 2.75 GPA

 

Transfer Scholarship

This scholarship is non-renewable and is only good for one academic year. This scholarship is for students transferring from another college or institution with a minimum of 24 transferable credit hours and a 3.00 grade point average (GPA). This scholarship is up to $3,000, and cannot generate a refund to the student.

 

Freshman Grant

This scholarship is non-renewable and is only good for one academic year. This scholarship is for high school seniors with a minimum 2.60 cumulative grade point average (GPA). This scholarship is up to $2,000, and cannot generate a refund to the student.

 

Talent-Based Scholarship

This  scholarship is renewable for up to eight  semesters and is based  on  the individual talent in choir, or band. Amounts vary. For more information, contact the Music Department at (904) 470-8391 for the choir and (904) 470-8267 for the band.

 

Athletic Scholarship

This scholarship is renewable for up to eight semesters and is based on the athletic ability of the student. Amounts vary. For more information, contact the Athletic Department at (904) 470-8276 or 470-8277.

 

Private Scholarships

Edward Waters College encourages students to pursue all sources of funding to pay for their college education before considering a student loan. Below are links to scholarship Web sites that offer an abundance of scholarship opportunities:

 

United Negro College Fund

Scholarships are awarded specifically to EWC students administered by the UNCF. Awards are based on student need, GPA, major, and completion of the application process. Award amounts vary from $500 – $5,000 per academic year.

 

FastWeb Scholarships

This is a free scholarship Web site that will search for available scholarships that you may qualify for, based on the scholarship profile you create on the Web site.

 

Sodexo AALF Scholarships

The African American Leadership Forum (AALF), a Sodexo Network Group, is awarding scholarships to deserving students pursuing academic and leadership excellence at Historically Black colleges and universities. $2,500 scholarships will be awarded to select deserving students attending Sodexo’s partner HBCU’s.

 

GMR Web Team Marketing Scholarship Program

GMR Web Team is a full service digital marketing agency in Orange County, CA that offers one-stop solutions for all internet marketing needs. Our company works with small and medium established businesses as well as small funded start-up companies. We provide every client with customized internet marketing strategies, website design, and on-going maintenance.

 

Scholarship Amount:

GMR Web Team will be funding a $500 academic scholarship per semester. Criteria:

  • 3.0 minimum cumulative GPA
  • Full-time enrollment (12 units or more)

 

Requirements:

Imagine that you’re the business owner of a luggage brand that is about to launch nationwide. You already have an existing e-Commerce website but no digital marketing strategy. Write the marketing plan in a word document and describe what steps you would take to market this business and back it up with logical reasoning. The winning marketing plan will be featured on GMR Web Team’s blog

 

Frequency:

This is a semester scholarship and will be awarded in the spring and fall semester. Students are welcome to apply for the scholarship throughout the year. Applicants will receive a confirmation email, where they will be prompted to verify the scholarship entry.

The deadlines dates are January 3rd and July 30th. Winners will be contacted via school email provided. If you have any questions, please contact: scholarship@gmrwebteam.com. Upon application completion, you will receive an automated email response. Our scholarship winners will be contacted by via student email provided.

 

Other Private Scholarship Awards

Private individuals and organizations support individual students meeting their own criteria that they select as recipients. Criteria and amounts vary. The African Methodist Episcopal Church provides several scholarship opportunities. The Urban League, International Longshoreman Association, Delta Sigma Theta, Alpha Kappa Alpha, Greyhound, The Gaspar and Irene Lazzara Scholarship, and L-D Industries are just some of our regular and much appreciated scholarship donors. For more information on these scholarships, visit the Office of Financial Aid. 

Links to Other Private_Scholarships

 

Federal College Work-Study

The Federal Work-Study Program (FWS) is available to students that wish to earn wages in a degree-related job to help assist with college living expenses. Students are paid monthly and may obtain employment either on-campus or off-campus. Work-Study jobs pay at least the Federal minimum wage to students demonstrating need while in school and who possess usable skills for on-campus and off-campus positions. Students interested in seeking Federal College Work-Study (FWS) must indicate an interest by completing the work-study question on the FAFSA. Students may also apply in the Office of Financial Aid. Funds are limited and awarded on a first-come, first-serve basis.

Once a student is awarded Federal Work-Study, the student may stop in the Office of Financial Aid to review the listing of FWS job openings.  When the student returns for the Fall term, the student will receive the policy manual and the procedures for completing the timesheets.

 

Federal Direct Loan Program

The Federal Direct Loan Program offers several low interest loans to students. The lender is the U.S. Department of Education rather than a bank or other financial institution (which you may have if you previously borrowed under the Federal Family Educational Loan Program). Loan eligibility and amounts are based on completion of the Free Application for Federal Student Aid and may be completed online at www.fafsa.ed.gov. Students must complete the online Master Promissory Note and the Entrance Interview at www.studentloans.gov.

 

The Federal Direct Loan Program offers:

Federal Direct Subsidized Loans

The amount you may borrow per year is based on your level of enrollment, financial need, and cost of attendance. “Subsidized” means the government pays the interest on your loan while you are in school and during your six month grace period after you leave school.

 

Federal Direct Unsubsidized Loans

Independent students may borrow between $6,000 – $7,000 based on their level of enrollment and cost of attendance. Dependent students may borrow up to $2,000 per academic year. “Unsubsidized” means you are responsible for paying the interest while in school and during your six month grace period after you leave school.

 

Federal Direct PLUS Loans

Parent Loan for Undergraduate Students (PLUS) is available to parents of dependent students that wish to borrow up to their child’s cost of education or for additional education expenses not covered by other forms of financial aid. A credit check is required as part of the loan approval.

For more information on Direct Loan interest rates, fees, and student rights and responsibilities; and to begin the Direct Loan Entrance Interview Process and to apply for a Federal Direct Student Loan, please visit their Web site at www.studentloans.gov.

Student loan defaults are on the rise! Edward Waters College encourages you to pursue all other forms of financial assistance before deciding on if you should obtain a loan and how much you should borrow. Please visit the Office of Financial Aid regarding other aid options available and for assistance on how much student loan you may need.

Remember, the loan must be repaid to the Federal government. Failure to do so will result in your wages being garnished, your credit tarnished, and any tax refund intercepted by the government and other sanctions. Please borrow wisely!

 

Student Loan Default Prevention Policy

Edward Waters College (EWC) encourages students to borrow wisely and pursue all other aid options before obtaining a student loan. Please visit the Office of Financial Aid to discuss your financial aid award package and other opportunities available. Financial Aid Advisors are available for loan counseling. A complete copy of the EWC Default Prevention Policy is available for viewing in the Office of Financial Aid.

EWC students graduating or no longer enrolled at least half-time with the college MUST complete a Loan Exit Interview by going to www.studentloans.ed.gov.