Financial Aid

The Financial Aid Office at Polytechnic University of Puerto Rico administers several student aid programs from Federal, State and Institutional funding.

Mission

Our mission is to assist students and parents to obtain the funds needed to help them achieve their academic goals. With this in mind, the Financial Aid Office strives to:

  • Provide complete financial aid programs information to students and their parents.
  • Assist students and parents in the student aid application process.
  • Determine student’s eligibility for Federal, State and Institutional student aid programs and send award notifications.
  • Facilitate procedures for the timely awarding of student aid.
Statement of Principles

The Financial Aid Office at Polytechnic University of Puerto Rico is committed with the following principles established by the National Association of Student Aid Professionals (NASFAA).

The Financial Aid Office personnel shall:

  • Advocate for students
  • Manifest the highest level of integrity and ethical behavior
  • Support student access to funds and success
  • Comply with Federal and State Laws
  • Strive for transparency and clarity in information and processes
  • Protect the privacy of financial aid applicants

News

The FAFSA renewal process for next academic year 2016-2017 is now open. Regular students must submit their FAFSA renewal before April 21, 2016. Go to www.fafsa.gov to complete your 2016-2017 FAFSA.

Grants

Available Student Aid Programs

Polytechnic University has available, for qualified students, the following financial aid programs. The students’ eligibility for these programs will depend on their economic need and the availability of funds. The amount granted to the student could be adjusted based on the student’s academic load for a trimester.

  • Federal Pell Grant: This program is need based and is available to undergraduate students who have not received their first bachelor’s degree. For the 2016-2017 academic year the maximum annual award is $5,815 for a student with an EFC = “0”. Amounts will be adjusted based on the student’s academic load.
  • Federal Supplemental Educational Opportunity Grant (FSEOG): Program available to Pell eligible undergraduate students with exceptional financial need (students with EFC = 0). For the 2016-2017 academic year, the maximum annual FSEOG award is $900. Trimester amounts will be adjusted based on the student’s academic load and funds availability. Priority will be given to eligible students with a completed FAFSA before due date.
    • Program Requirements: Be enrolled in at least nine credits per trimester. Minimum GPA of 2.00.
  • Florida Bright Futures Scholarship: Program that establishes three lottery-funded scholarships to reward Florida high school graduates for high academic achievement.
    • Initial Eligibility Requirements: The student must be a Florida resident, and meet specific coursework and minimum grade point average (GPA) and test score requirements. Submit initial application during the last year in high school.
  • Florida Incentive Scholarship Program: This is a merit scholarship for Florida high school graduates who achieved the National Merit or National Achievement Scholar designation. Scholars must enroll in an eligible Florida postsecondary institution to receive the incentive award, which is equal to the cost of institutional attendance minus the sum of Bright Futures and National Merit/Achievement award.
    • Program Requirements: The student must meet the eligibility requirements to receive state aid, enroll during the fall academic term following high school graduation, have satisfactory academic progress, and be enrolled in at least 12 credits per term.
  • Florida Student Assistance Grant (FSAG): Need-based grant program available to degree-seeking, resident, undergraduate students who demonstrate substantial financial need and are enrolled in participating postsecondary institutions.
    • Initial Eligibility Requirements: The student must be a Florida resident, not have previously received a baccalaureate degree, be enrolled in 12 credits or more per term, and meet Florida’s general eligibility requirements for receipt of state aid.
  • Jose Marti Scholarship Challenge Grant Fund: This program is a need-based merit scholarship that provides financial assistance to eligible students of Hispanic origin who will attend Florida public or eligible private institutions. Applicants for undergraduate study must apply during their senior year of high school. Graduate students may apply, but priority for the scholarships is given to graduating high school seniors. The number of new awards made each year is subject to contributions from private sources and funds appropriated by the Florida Legislature.
    • Initial Eligibility Requirements: The student must meet residency requirements, have earned, by the end of the seventh semester, a minimum unweighted cumulative grade point average (GPA) of 3.0 on a 4.0 scale in high school for an undergraduate scholarship, or a 3.0 institutional cumulative GPA for undergraduate college work if applying for a graduate level scholarship, and enroll each academic term for a minimum of 12 credit hours for undergraduate study or 9 credit hours for graduate study per term.
  • Scholarships for Children and Spouses of Deceased or Disabled Veterans and Service members (CSDDV): This program provides scholarships for dependent children or unremarried spouses of Florida veterans or service members who died as a result of service-connected injuries, diseases, or disabilities sustained while on active duty or who have been certified by the Florida Department of Veterans Affairs as having service-connected 100% permanent and total disabilities. CSDDV also provides funds for dependent children whose parent is classified as a prisoner of war or missing in action by the Armed Forces of the United States or as civilian personnel captured while serving with the consent or authorization of the United States Government during wartime service.
    • Initial Eligibility Requirements: Contact the Financial Aid officer for requirements for the veteran or service member and for the child or spouse.

Eligibility Requirements

Basic Eligibility Requirements

To be eligible for student aid programs, you must meet the following basic eligibility requirements:

  • Demonstrate to have financial need, except for unsubsidized and PLUS loans
  • Be a U.S. citizen or eligible non-citizen with a valid Social Security number
  • Enroll in an eligible degree seeking program as a regular student
  • Have a high school diploma or its equivalent
  • If male between ages of 18 and 25, must register with the Selective Service
  • Meet satisfactory academic progress requirements
  • Certify that you will use any federal student aid for educational purposes only
  • Have not defaulted your student loans or do not owe a refund on a federal or state student grant

**Some Federal and State student aid programs have additional eligibility requirements. If you have been convicted for the sale or possession of illegal drugs while you were receiving federal student aid, your eligibility may be affected. (See notification included in this guide, page 21) To find out your status, call the Federal Student Aid Information Center 1-800-433-3243 or go to www.fafsa.gov.

Federal and State Grants Links

Student Aid Application Guide (pdf file)

Create or retrieve your FSA ID
https://fsaid.ed.gov/npas/index.htm

How to create your FSA ID (video)
https://www.youtube.com/watch?v=lLi0q7hkFns

Complete your FAFSA
https://fafsa.ed.gov/

Federal Student Aid Gateway
https://studentaid.ed.gov/sa/redirects/federal-student-aid-ed-gov

Florida State Scholarship and Grant Programs
http://www.floridastudentfinancialaid.org/SSFAD/home/uamain.htm

How to fill out the FAFSA? (video)
https://www.youtube.com/watch?v=jPq_KYf0YMM

After the FAFSA: What happens next? (video)
https://www.youtube.com/watch?v=1c1gNefSw78

Private Scholarships Links

Hispanic Heritage Scholarship Fund of Metro Orlando
http://www.hhsfmo.org/#home

Hispanic Scholarship Fund
https://hsf.net/

Hispanic Association of Colleges and Universities
http://www.hacu.net/hacu/default.asp

Information on scholarship scams
https://studentaid.ed.gov/sa/types/scams

Scholarships Database
http://www.educationplanner.org/

Loans

Student Loans

A student loan is a low interest loan available to students to help them cover their college tuition costs. This is a financial aid which the students must pay back after completing their program of studies or when they cease their university studies. Federal student loans are guaranteed by the United States Department of Education.

Federal Direct Student Loan Programs

Subsidized Direct Loan: Under this program, the U.S. Department of Education will pay the loan interests while you are in school at least half-time (6 credits undergraduate or 3 credits graduate), during the grace period, and during deferment periods. The loan amount is determined taking into consideration the student’s economic need, expected family contribution and academic level.

Unsubsidized Direct Loan: Under this program, the student is responsible to pay all loan interest which will accrue from the first disbursement. The loan amount is determined taking into consideration the student’s economic need and academic level.

Direct PLUS Loan: This program is available to eligible graduate students and the parents of undergraduate dependent students. The borrower’s eligibility for a PLUS loan will be based on the borrower’s credit history. The Plus loan amount should not exceed the student’s economic need.

Read more…

Federal Student Loans Basics for Students (pdf booklet)

Federal PLUS Loan Basics for Parents (pdf booklet)

Student Loan Links

Create or retrieve your FSA ID
https://fsaid.ed.gov/npas/index.htm

Get information on your student loan outstanding balance
https://www.nslds.ed.gov/nslds/nslds_SA/

Tools to help you get additional funding for college
http://www.educationplanner.org/

Tools to help you with your student loan debt
http://www.youcandealwithit.com/

Complete your Student Loan Application
http://www.pupr.edu/orlando/services/financial-aid-services/loan-application-form/

Student Loan Application Guide (Pdf File)

Loan Application Forms

Before Applying

Before completing your Student Loan Application, you must:

  • Have processed your 2017-2018 Free Application for Federal Student Aid (FAFSA). Should you be selected for the Verification Process, you must have completed your file.
  • Read the Financial Aid Student Guide. In this guide you will find valuable information about the Federal Student Loan Program.
  • Meet the following eligibility requirements:
    • Be enrolled at least part-time
      • Undergraduate Students: 6 credits per trimester
      • Graduate students: 3 credits per trimester
  • Meet the Satisfactory Academic Progress Standards of Polytechnic University of Puerto Rico
  • Be admitted as a regular student
  • Have not defaulted previous student loans or do not owe a refund on a federal student grant
  • Have financial need
  • If you receive veteran’s benefits, vocational rehabilitation or other benefits provided by Federal agencies or the employer, you must report those benefits to the Financial Aid Office.

Every student should comply with all eligibility requirements in each trimester to be eligible to receive student loan funds. If you do not meet the eligibility requirements when the Institution receives your loan funds, those funds will be returned to the federal government.

 

Annual Loan Limits for Student’s Grade Level

Credits Grade Level Loan Program Loan Limits
Undergraduate Program Dependent Student Independent Student
0 – 30 1 Subsidized $ 3,500 $ 3,500
Unsubsidized $ 2,000 $ 6,000
31 – 60 2 Subsidized $ 4,500 $ 4,500
Unsubsidized $ 2,000 $ 6,000
61 – 90 3 Subsidized $ 5,500 $ 5,500
Unsubsidized $ 2,000 $ 7,000
91 – 120 4 Subsidized $ 5,500 $ 5,500
Unsubsidized $ 2,000 $ 7,000
120 or more 5 Subsidized $ 5,500 $ 5,500
Unsubsidized $ 2,000 $ 7,000
Graduate Program Subsidized $ 0
Unsubsidized $ 20,500

Interest Rates for Stafford and PLUS Loans under Direct Loan Program
Rates effective July 1, 2016

Loan Program Grade Level Interest rate for loans first disbursed between July 1, 2016 and June 30, 2017 Interest rate for loans first disbursed between July 1, 2017 and June 30, 2018
Subsidized Loan Undergraduate 3.76% 4.45%
Subsidized Loan Graduate n/a n/a
Unsubsidized Loan Undergraduate 3.76% 4.45%
Unsubsidized Loan Graduate 5.31% 6.00%
PLUS Loan Parents and Graduate Students 6.31% 7.00%

 

Origination Fees: An origination fee will be deducted proportionately from each loan disbursement to cover processing costs incurred by the Federal Government.

 

Type of Loan Origination Fee for Loans first disbursed between between October 1, 2016 and September 30, 2017 Origination Fee for Loans first disbursed between October 1, 2017 and September 30, 2018
Subsidized and Unsubsidized Loan 1.069% 1.066%
PLUS Loan 4.276% 4.264%

Student Application Form

Important information for students applying for federal student loans:

  1. You will need approximately 30 to 60 minutes to complete your loan application.
  2. Make sure you complete the following documents:
    1. Student Loan application
    2. Entrance Counseling
    3. Master Promissory Note (MPN)

Information you must gather before starting the application process:

  1. Your Federal Student Aid ID. You can create or retrieve your FSAID Username and password at https://fsaid.ed.gov/npas/index.htm.

  2. Personal Information
    1. Home Address
    2. Mailing Address (if different from your home address)
    3. Phone number
    4. E-mail address
  3. Employer information
    1. Employer name
    2. Employer address
  4. College Name: Universidad Politécnica de Puerto Rico / Polytechnic University of Puerto Rico
  5. Information of References of two people that you know for the past 3 years. The first reference should be of your father/mother or of the legal tutor.
    1. Reference Name
    2. Complete Address
    3. Phone number
    4. Relationship with student
Apply for Student Loan

Parent Plus Application Form

Important information for parents applying for a Parent PLUS loans:

  1. You will need approximately 30 to 60 minutes to complete your loan application.
  2. Make sure you complete the following documents:
    1. Parent PLUS Loan application
    2. Master Promissory Note (MPN)

Information you must gather before starting the application process:

  1. Your Federal Student Aid ID. You can create or retrieve your FSAID Username and password at https://fsaid.ed.gov/npas/index.htm.
  2. Parent’s Information
    1. Home Address
    2. Mailing Address (if different from your home address)
    3. Phone number
    4. E-mail address
  3. Employer information
    1. Employer name
    2. Employer address
  4. School Name: Universidad Politécnica de Puerto Rico / Polytechnic University of Puerto Rico
  5. Information of References of two people that you know for the past 3 years. The student cannot be included as a reference.
    1. Reference name
    2. Complete address
    3. Phone number
    4. Relationship with student
  6. Student’s Information
    1. Name: First, Middle Initial and Last Name
    2. Social security number
    3. Date of birth
    4. Mailing address
    5. Phone number
Apply for Parent Plus Loan

Work-Study Programs

Federal Work Study Program

The Federal Work-Study Program is a self-help program which allows students to earn money while working part-time in the Institution or Community Center. If assigned an In-Campus position, the student will work in a Department offering services to students (Library, Tutoring Center or Student Services Offices). If assigned an Off-Campus position, the student will work in a non-for-profit Center providing services to the community in need (Tutoring in Reading, Mathematics, etc.)

The student’s work schedule should not intervene with his/her academic schedule. The maximum work hours per week will depend on the annual fund allocation to this program. The wage per hour will be at least the federal minimum wage. The student will receive a paycheck monthly.

Priority for this program is given to students who have greater financial need, have indicated in their FAFSA they are interested in participating in the Work-Study Program and are working in their first Bachelor’s Degree. Students applying for this program, must also comply with our Standards of Satisfactory Academic Progress (SAP Policy).

Florida Work Experience Program (FWEP)

The Florida Department of Education created this program to assist students with financial need. The Florida Work Experience Program encourages community service work and work related to the student’s course of study. Awarding will be based on funds allotted to the Institution and depend on the availability of open positions for FWEP.

Applicants must complete the Work-Study Application and meet the following eligibility requirements: Be eligible to receive State aid, keep a minimum GPA of 2.00, have satisfactory academic progress, and be enrolled in at least 6 credits.

Verification Process

The Verification Process is a process required by the U.S. Department of Education to validate the student’s eligibility for Federal Student Aid Programs. Your application could be randomly selected for this process by the Department of Education or by the school when there is conflictive information.

Verification Procedures and Policy

The Financial Aid Office at Polytechnic University of Puerto Rico will verify all Institutional Student Information Reports (ISIRs) selected by the U.S. Department of Education for the Verification Process and those with conflictive information and Comment Flags. The Verification Process will be performed as established by Federal Government in 34 CFR Part 668.16 (F). The Verification Process will cover all Federal and State Student Aid Programs.

If the student’s application is selected for the Verification Process, the Financial Aid Office will request the necessary documentation to satisfy the verification requirements. If the Verification Process uncovers errors, the Financial Aid Officer will correct the student’s application. Only those students who complete the Verification Process will be able to be considered and receive student aid disbursements.

If the student’s application is selected for the Verification Process after the student aid was disbursed, no further disbursements will be processed until the Verification Process is completed. If the student could not satisfy the Verification Process, any disbursed fund could be adjusted or cancelled.

Required Verification Items

The following chart shows the required verification items and acceptable documentation to complete the Verification Process. Documentation will be requested based on the applicant’s verification group and household situation. The Financial Aid Office reserves the right to request further documentation if considered necessary to resolve any conflictive information.

Required Verification Items Acceptable Documentation
Adjusted gross income Tax Return Transcript or Income Tax Return (PR)
U.S. taxes paid ** Tax Return Transcript or Income Tax Return (PR)
Income earned from work Tax Return Transcript, Income Tax Return (PR), W-2, Form 1099 MISC
Education Credits Tax Return Transcript or Income Tax Return (PR)
Untaxed IRA distributions Tax Return Transcript or Income Tax Return (PR)
Untaxed pensions Tax Return Transcript or Income Tax Return (PR)
IRA deductions and payments Tax Return Transcript or Income Tax Return (PR)
Payments to tax-deferred pension plans W-2
Tax-exempt interest Tax Return Transcript or Income Tax Return (PR)
Other untaxed income such as Social Security Benefits, pensions, money received from relatives, Veterans non educational benefits Social Security Benefits – Form 1099 SSA Certification of Benefit, Written statement, Verification Worksheet
Household size Verification Worksheet
Number family members in college Verification Worksheet
Supplemental Nutritional Assistance Program (SNAP / Food Stamps) Eligibility letter or Certification from Family and Children Department
Child support paid/received Divorce decree, separation agreement, Certification from Clerk of Court or ASUME, copies of cashed checks/electronic payments
High school completion status High school diploma, recognized equivalent evidence or home school credential and Verification Worksheet
Identity/statement of educational purpose Government-issued photo identification and Verification Worksheet

** Non-tax filers will be required to submit a Non Filing Tax Transcript to confirm a Tax Return was not filed.

Student’s Responsibility in the Verification Process

It is the student’s responsibility to:

  • Provide accurate information to complete the Verification Process.
  • Submit all required documents before the deadline to avoid delays in the verification process and loss in opportunities for additional student aid.
  • Notify the Financial Aid Office of any changes in the household such as loss of income, household size, and college enrollment status for other household members.
  • Return any student aid overpayment received because of incomplete or incomplete information submitted in the FAFSA.

Contact Us

Do you need more information regarding the Financial Aid Programs and Procedures at Polytechnic University, Orlando Campus? Feel free to contact Ms. Ileana Díaz, Financial Aid Officer, at 407-677-7000 ext. 806 or idiaz@pupr.edu.