How is bright futures funded?
The Florida Bright Futures Scholarship Program, funded by the state of Florida, provides scholarships based on high school academic achievement. … The Florida Academic Scholars will receive an award amount equal to 100% of tuition and applicable fees.
How is bright futures disbursed?
Students do not receive funds directly from the Florida Department of Education. Bright Futures awards are calculated and disbursed by the financial aid office at the eligible Florida postsecondary institution where the student attends. Funds are disbursed after the end of the drop/add period each term.
Does Florida Lottery pay for college?
The Florida Lottery’s sole mission is to maximize revenues for the enhancement of public education in Florida. The Florida Lottery has contributed more than $1 Billion to education for each of the past 19 years. More than 880,000 students have attended college on a Bright Futures Scholarship.
Is Bright Futures a federal student grant?
The Florida Financial Aid Application is different from the Free Application for Federal Student Aid (FAFSA). The scholarship has been around since 1997, and more than 2.5 million students have attended Florida’s colleges and universities with this award. …
Is Bright Futures based on income?
Cuts to Bright Futures awards per credit should be implemented on a graduated scale based on the family income of each scholarship recipient (See example on page 4).
Where does Florida Bright Futures money come from?
Florida Bright Futures (FBF) funds are received from the State of Florida at the end of the first week of classes each semester. FBF will send funds in the amount of the scholarship you will be receiving to cover tuition.
Is Florida Bright Futures guaranteed?
Florida Bright Futures is a great scholarship for Florida residents planning to attend in-state institutions. … Although the requirements are specific, meeting the requirements virtually guarantees that you’ll get the scholarship.
What is the difference between FAS and FMS Bright Futures?
FAS students will receive an award that covers 100% of tuition and applicable fees for the summer term. The $300 college-related expenses stipend and additional award as an Academic Top Scholar will not be available during the summer term. FMS students will receive an award that covers 75% of tuition and fees.
How much does the Bright Futures Scholarship pay?
In summary, Bright Futures award amounts for the 2021 academic year: The Florida Academic Scholars Award is $212.71 per credit hour. The Florida Medallion Scholars Award is $159.53 per credit hour. The Academic Top Scholars Award is $44 per credit hour.
How do you get a Bright Futures Scholarship?
Eligibility Criteria: A Bright Futures Scholarship requires a standard Florida high school diploma, unless the student earns a high school diploma from a non-Florida school while living with a parent or guardian who is on A) military or B) public service assignment away from Florida.