Types of Aid
Financial Aid is available from a variety of sources and can help with expenses for undergraduate, graduate, and professional education. Learn more about the types of Financial Aid available to students in the sections that follow.
Grants are often called “gift aid” because they are free money. They are need-based and do not have to be repaid.
Florida Resident Access Grant (FRAG)
This program is a non-need based grant funded by the State of Florida. The FRAG provides tuition assistance to full-time (12 credits or more per semester) students from Florida attending private, independent colleges and universities located in the state. A student must be a permanent resident of Florida (for other than educational purposes) for at least 12 consecutive months prior to the semester of enrollment. Dependent student’s eligibility is based on a parent’s Florida residency requirement. This program provides approximately $3,000 per academic year, subject to state budget appropriations.
Florida Student Assistance Grant (FSAG)
The FSAG is a need-based grant funded by the State of Florida. Students must complete the Free Application for Federal Student Aid (FAFSA) to be considered for the FSAG. These funds are limited; students eligible for the FSAG have the right to be considered as long as funds are available. Priority is given to students who apply prior to the priority deadline of April 1st. This grant provides approximately $1,500 per academic year to full-time students (12 credits or more per semester), subject to state budget appropriations.
Florida Bright Futures Scholarship Program
Florida students who have earned a Florida Bright Futures Scholarship can utilize these funds at St. Thomas University. The amount is determined by the type of scholarship earned and is equal to a fixed cost per credit hour. At St. Thomas University the actual award amount will be pro-rated based on 15 credits enrollment status each semester. Award amount for the Florida Academic Scholar is $103 per credit and award amount for Florida Medallion Scholar is $77 per credit.
Florida Pre-Paid College Program
This program was designed initially for use at Florida public colleges and universities, these funds can be applied toward expenses at St. Thomas University. For further information please contact the Florida College Pre-Paid program at 800-552-4723 or visit their web site at http://www.florida529plans.com/prepaid/index.html
Other Florida State Scholarships
For more State of Florida Scholarship information please visit the following websites:
State Grant Programs Outside Florida
Students who are not Florida residents should contact their State Department of Education. Some states provide transferable state grants to students who qualify, based on financial need. Out-of-state students can use these grants to attend a college or university outside of their state. Students should contact their State Department of Education for further details, application procedures, and deadlines.
A need-based grant for undergraduate students seeking their first bachelor degree. Pell Grants may vary per year. Pell Grants may vary from $588-$5,775 per year. The actual amount will be pro-rated based on the student’s actual enrollment status each semester.
Federal Supplemental Educational Opportunity Grant (FSEOG)
A need-based grant funded by the Federal Government and available on a limited basis to eligible undergraduate students. Priority is given to students with the greatest financial need. You must enroll at least half-time to receive this grant. This grant provides approximately $1,200 to Pell eligible students. Part-time award is 600/year.
Admissions Merit Based Scholarships & Renewal Criteria - scholarships ranging from $5,500 to $15,000
NOTE: Beginning Fall 2015 all institutional scholarships are to be evaluated for SAP (based on each scholarship criteria) at the end of every term. The student may receive the award for one term on a probationary basis. Students who fall below CUM GPA will be able to receive the award for one additional term on a probationary basis. Students who fail to meet Term GPA at the end of the probation will lose the award and will NOT regain eligibility even if GPA is improved after the award had been revoked. For students who meet the Term GPA at the end of a probation period but CUM GPA is still below, may continue to receive the award on a probationary basis.
Academy of Finance Scholarship
Student must be a member of their high school's Academy of Finance. Must be accepted to the School of Business, have a cumulative 2.75 GPA and 970 SAT or 20 ACT unweighted score. Scholarship is renewable for the 4-year program duration as long as the student maintains a 2.75 GPA.
Academy for Tourism Scholarship
Student must have completed the Dade County School Board-sponsored Academy of Tourism Program, and must enroll directly to St. Thomas from high school. Award level includes 30% off tuition and student must maintain a minimum 2.75 cumulative GPA to maintain eligibility.
Awards are based on academic achievement and aptitude. Award includes 40% off tuition.Undergraduates must be full-time students and maintain a 2.75 cumulative GPA at St. Thomas University.
Awarding of these scholarships are determined by the Athletic Department, based on athletic skill and financial need. Must be full-time students and maintain a 2.0 cumulative GPA at St. Thomas University.
Broward College – Transfer Scholarship
Available to transfer students of Broward College. Awards are based on academic achievement and aptitude. Award covers 40% off tuition for domestic students and 50% off tuition for international students. Undergraduates must be full-time students and maintain a 3.0 GPA. Scholarship is renewable for three successive years.
Scholarships are based on academic achievement and aptitude. Undergraduates must be full-time students and have a 2.75 cumulative GPA at St. Thomas University. Scholarship is renewable for three successive years as long as the student maintains a 2.75 GPA. Amounts are awarded and determined by the Admissions Committee. Award amount is $10,000.
Awards are based on academic achievement, aptitude, and successful completion and enrollment in Dual Enrollment with STU. Award includes 50% off tuition. Undergraduates must be full-time students and maintain a 2.75 cumulative GPA at St. Thomas University.
International Student Award
Available to international students admitted for full-time study. The award is renewable is for three successive academic years provided the student maintains a 2.75 cumulative GPA. Amounts are awarded and determined by the Admissions Committee. Award amount may vary from $7,000-$14,500.
Miami-Dade College Transfer Scholarship
Available to transfer students of Miami Dade College. Awards are based on academic achievement and aptitude. Award covers 40% off tuition for domestic students and 50% off tuition for international students. Undergraduates must be full-time students and maintain a 3.0 GPA. Scholarship is renewable for three successive years.
Full to partial scholarship, covers cost of tuition. Awards are based on academic achievement and aptitude. Scholarship is renewable for four successive years based on academic achievement. Undergraduates must be full-time and maintain a 3.0 GPA.
Awards are based on academic achievement and aptitude. Undergraduates must be full-time students and maintain a 2.75 cumulative GPA at St. Thomas University. Scholarship is renewable for three successive years. Amounts are awarded and determined by the Admissions Committee. Award amount may vary from $12,000-$15,000.
St. Thomas University Honor Scholarship
Students must be selected by the St. Thomas University Scholarship Committee, have and maintain a 3.50 cumulative GPA and have received a minimum of 28 on the ACT or 1100 on the SAT.
Transfer Assistance Award
Available to transfer students with minimum of 12 credit hours from accredited two (2) or four (4) year institutions. Scholarships are renewable up to two successive years and are based on full-time study and maintaining a 2.75 cumulative GPA. Award amount may vary from $5,000-$12,500.
Catholic Education Continuum
Supplemental scholarship application is required. Available full scholarship opportunity for one student from each Catholic High School. Scholarship is renewable for four successive years based on academic achievement. Student must be full-time and maintain a 3.0 GPA.
Note: Unless otherwise specified, the above scholarships are intended for undergraduate students only. St. Thomas University reserves the right to review and adjust original financial aid award packages, including university funded scholarships and/or grants should you receive additional funding from federal, state and private sources (e.g. FSEOG, FRAG, FSAG, Florida Bright Futures Program, etc.) that exceed the cost of tuition and dormitory fees (if applicable). All institutional aid is intended for full-time enrollment for Fall and Spring semesters only. Recipients of multiple institutional awards including tuition discounts are eligible to receive the highest individual award only.
Outside Scholarships are funded by private entities which have various criteria, due dates, scholarship amounts and renewal requirements. Please click on the scholarships below which you want more information on and you will be directed to the sponsor’s scholarship page. You must notify the Office of Financial Aid if you are awarded any of these scholarships to avoid being over met on your Cost of Attendance.
Federal Direct Loans
The William D. Ford Loan Program offers Stafford Loans to students who need help paying for their educational expenses. Although many students rely on low-cost Stafford loans to help pay education expenses, you are under no obligation to borrow. Unlike scholarships and grants, educational loans must be repaid with interest (when applicable). Never borrow before you have exhausted all other sources of financial aid. More information about loans.
Direct Subsidized Stafford Loan (Undergraduate Students Only)
A need-based long-term loan administered by the U.S. Department of Education. Eligibility is determined by the information provided on the Free Application for Federal Student Aid (FAFSA) and the schools total cost of attendance minus all other aid received.
Direct Unsubsidized Stafford Loan
A long-term loan administered by the U.S. Department of Education. Eligibility is determined by the information provided on the Free Application for Federal Student Aid (FAFSA) and the schools total cost of attendance minus all other aid received.
Federal Direct PLUS Loan for Parents of Dependent Undergraduate Students
The Direct PLUS Loan is for Parents of Dependent Undergraduate students, is a low-interest, government guaranteed loan available to parents of dependent undergraduate students. This is a non-need based loan for those who do not have an adverse credit history.
Federal Direct PLUS Loan for Graduate/Professional Students
The Direct PLUS Loan for Graduate/Professional Students is a long-term, low-interest loan for Graduate and Professional Students, not their parents. This is a non-need based loan for those who do not have an adverse credit history. Borrowers may borrow up to the total cost of attendance minus other financial aid received. Borrowers must apply for the maximum eligibility under the Direct Stafford Loan Program prior to applying for Direct PLUS Loan for Graduate/Professional Students.
Other Types of Loans
A long-term low interest loan made to eligible undergraduate students demonstrating exceptional financial need. Awards are contingent upon the availability of funds and the amount of other financial assistance received. The interest rate and repayment begins 9 months after graduation, separation from the University, or enrollment status drops below half-time enrollment. You must be enrolled at least half-time to receive this loan. Please be aware that St. Thomas University has been notified by the U.S. Department of Education that the Federal Perkins Loan will only be extended through September 30, 2017. No additional loans will be available after this date. For more information regarding the Federal Perkins Loan, click here
Alternative loans are available through commercial lenders for educational costs during periods of enrollment. They are based on credit-worthiness (meaning that the lender will do a credit check). We recommend that students request a copy of their credit report to check for accuracy and that all valid credit problems are addressed before applying for an alternative loan. We strongly suggest that students submit a FAFSA and seek federal loan assistance before attempting to participate in any alternative loan programs. To compare lender benefits and apply for a Private Loan, click here.
ATTENTION: Please be sure to use our school code 001468 when applying for a Private Loan.
Private Education Loan Applicant Self-Certification
Bar study loans are post-enrollment educational loans specifically designed for law students. They assist with bar application costs and living expenses during the period the student is studying for the Bar. These loans are not need based and require credit worthiness. Students are not eligible to apply until they are in their final year of study and lenders may require the Financial Aid Office to certify students' graduation date. Students may borrow with the lender of their choice. Bar study loans should be submitted directly to your lender. We certify loan applications after your lender has processed and approved your request. You may use our Bar Study Loans Comparison chart (here) as an aid in selecting a lender for your Bar Study Loan. Additional information is available here.
Federal Work Study Program
Need-based program funded by the Federal Government to provide part-time employment opportunities to eligible undergraduate students to assist with educational expenses while gaining valuable work experience. Federal Work Study students can work up to 15 hours per week in a variety of jobs on campus. You must enroll at least half time to participate in the Federal Work Study program. Priority is given to students who apply prior to the priority deadline of April 1st.
Learn more about Work Study.