Quick Answer: How Much Is The Bright Futures Scholarship?

How much is a Bright Futures Scholarship worth?

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 much does Bright Futures pay 2020?

For the 2020-2021 academic year, the Florida Academic Scholars will receive an award amount equal to 100% of tuition and applicable fees in fall, spring and summer.

Does Bright Futures cover full tuition?

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 do you get the Bright Futures Scholarship?

To apply for any of the Bright Futures scholarships, you must:

  1. Be a Florida resident and a U.S. citizen or eligible noncitizen, as determined by the student’s postsecondary institution.
  2. Complete the Florida Financial Aid Application (FFAA) no later than August 31 after high school graduation.
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Can Bright Futures be used for housing?

If you already have a Prepaid Plan for your child, rest assured that Bright Futures and Florida Prepaid Plans work great together. The remaining balance of the Bright Futures award will be deposited to the student’s bank account, and those funds could be used toward housing and living expenses.

What SAT score is required for Bright Futures?

To qualify for the Florida Academic Scholars (FAS) award, you need a minimum combined SAT score of 1330. To qualify for the Florida Medallion Scholars (FMS) award, you need a minimum combined SAT score of 1210. These requirements apply to the 2020-2021 and 2021-2022 school years.

Is Bright Futures tax free?

In general, the IRS considers scholarships to be taxable income if the student is not enrolled in a degree program. If you enroll in courses but are not on track to earn a degree, then a Bright Futures scholarship, and any other form of scholarship or grant, becomes taxable income.

How many hours does Bright Futures cover?

Q: How long do I have to use the Bright Futures grant? A: Bright Futures provides tuition assistance for up to 130 credit hours for post-secondary education. Students must begin within 2 and complete within 6 years of high school graduation or G.E.D. certification date.

Can you lose your Bright Futures scholarship?

Repaying Bright Futures If not paid back, you will lose your Bright Futures scholarship permanently. After repayment, those hours are returned to your hour’s remaining for funding purposes.

How do I pay back Bright Futures?

For the most current Bright Futures repayment and renewal information, go to the Florida Student Scholarship & Grant Programs Bright Futures Renewal Requirements page. If you withdrew from a class, then you are responsible for repaying any Bright Futures funds you may have received for that class.

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Do you have to apply for Bright Futures every year?

A student who receives funding during the current academic year is automatically evaluated for renewal at the end of the spring term and does not submit a renewal application. The student’s institution sends the Office of Student Financial Assistance (OSFA) each student’s GPA and hours earned.

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