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Financial Aid Advocacy


Financial Aid Advocacy

President Mark Rosenberg speaks on the importance of investing in higher education and making federal aid and grants available to students.

Snapshot of Financial Aid at Florida International University

Florida International University is one of the Top 5 largest Public Universities by campus enrollment. Almost 55,000 students are enrolled this current academic year. Reductions to Federal Financial Aid programs would disproportionately affect FIU’s students due to their heavy reliance on aid to attend school, many of whom are classified in the categories of highest need, such as the growing first generation and a large Pell eligible population. As Reauthorization and other legislation move forward, year round Pell Grants and other access initiatives are still top priorities and would greatly benefit our students.

2015-16 Highlights

  • Over 19,132 FIU students received Pell grants in Fall of 2015
    • This represents approximately 48% of our total student undergraduate population. (Annual count projected to be over 20,000)
    • Over 54% of these students receive the maximum award based on an expected family contribution of $0.
  • 9,355 of Pell recipients earned a B average or higher (3.0+) in Fall 2015 (based on Cumulative GPA).
  • 13,320 (69%) of Pell recipients are enrolled full time at FIU.
  • 51% of FIU students receiving Pell are First Generation in college.
  • FIU had 11,965 students who qualified for Florida Student Assistant Grant (FSAG) but didn't get an award due to lack of funding.  
  • In South Florida, 222,203 students receive Pell Grants at the sum of $784,513,881.
  • Total unmet financial need for FIU's enrolled undergraduates who filed a FAFSA and received at least one type of AID was just over $220 Million (Including summer) for 2014-15

Financial Aid Photo

FALL 2015 Snapshot

**The information following is current as of Fall 2015**

Estimated Family Contribution of FIU Pell Recipients

Est. Family Contribution

$0

$1 –1,000

$1,001 –2,000

$2,001 –3,000

$3,001 –4,000

$4,001 –4,996

$5,000 +

Annual Award Amount

$5,730

$4,780 $5,680

$3780 - $4,680

$2,780 - $3,690

$1,780 - $2,680

$602 - $1,680

Students

10,301

3,612

1,717

1,394

1,127

872

109

 

Count of Pell Recipients by Enrolled Credits

Credit Hours

Number Enrolled

Credit Hours

Number Enrolled

Credit Hours

Number Enrolled

Credit Hours

Number Enrolled

0

7

5

49

10

604

15

1,940

1

7

6

1,637

11

491

16

528

2

13

7

333

12

6,149

17 263

3

277

8

254

13

2,521

18-22 366

4

77

9

2,120

14

1,496

Grand Total

19,132

Pell Recipients by Income Level

Income Level

by Number

Income Level

by Number

0-20000

10,541

40001-50000

1,451

20001-30000

3,414

50001-+

1,471

30001-40000

2,255

Grand Total

19,132

Enrollment of Pell Recipients

Full Time

13,320

Three Quarter Time

3,209

Halftime

2,191

Less than Halftime

406

Not Enrolled

6

Grand Total

19,132

Percentage Receiving Pell by Start Level

Freshman

13.1%

Sophomore

12.9%

Junior

41.8%

Senior

32.1%

Grand Total

100%

Pell Recipients by GPA

GPA

# of Recipients

0.0-0.9

454

1.0-1.9

1,413

2.0-2.9

7,581

3.0-3.9 9,355
4.0 + 329

 

First Generation Pell Recipients by EFC

EFC

# of Recipients

EFC

# of Recipients

0

5,575

3001-4000

488

1-1000

1,814

4001-5000

407

1001-2000

776

5,001 +

38 

2001-3000

579

Grand Total

9,677

                                                                  

Work Study & Other Federal Aid Programs

  • 479 students take part in the Federal Work Study Program
  • 24,151 students receive funds from the Federal Direct Loan Program (FDLP)
  • 2,692 students are recipients of the Supplemental Education Opportunity Grant (SEOG)

 Stafford Loans

  • 24,151 students currently receive Stafford Loans
  • $17,548 is the average loan indebtedness (2014 CDS) 

Perkins Loans

  • 36 students currently receive Perkins Loans

Default Rate

  • Percentage of FIU borrowers defaulted on their Federal student loans within three years of entering repayment= 6.8%
    • (National Average= 11.8%)

Downloads

Federal Student Aid Programs by Congressional District (2014-15)