Broward College

Guy studyingOffering a student-centered approach with convenient campuses throughout Broward County, Florida, as well as online options, Broward College provides over 132 bachelor’s and associate’s degree, certificate, and work experience programs.

The majority of Broward College students are between ages 18 and 24, although students range in age from 18 all the way to 60+. Broward College has a variety of service-learning activities, clubs and athletic opportunities open to its diverse, multicultural student body.

Located near three major airports, vibrant metropolises, and tourist destinations, such as Walt Disney World and the Florida Keys, Broward College students have no shortage of opportunities for entertainment. The first and largest higher education facility in Broward County, Broward College remains a pioneer university that is one of the more affordable options in the state of Florida.

Financial Aid Application

All students are encouraged to submit a Free Application for Federal Student Aid, or FAFSA, in order to determine the types of financial aid for which you are eligible. Even if you feel that you won’t qualify, it is still recommended to apply. By submitting your FAFSA and electing Broward College as your school with the correct school code, you are automatically considered for many forms of federal, state, and institutional financial aid. Aid is either gift money in the form of scholarships or grants, or borrowed money in the form of student loans.

In order to submit your FAFSA, you will need your:

To be eligible for federal financial aid, you must be a U.S. citizen or eligible non-citizen, be registered for the U.S. Selective Service if you are a male (registration must occur between ages 18 and 25), have a valid Social Security Number, have a valid high school diploma or its equivalent, be enrolled in a qualifying degree or certificate-earning program, not have any federal loans in default, and agree to use the funds for educational purposes only.

Once you have submitted a FAFSA, your Institutional Student Information Record (ISIR) is processed to determine the best financial aid package for you and your circumstances. A Student Aid Report (SAR) will be issued to you, highlighting your expected family contribution (EFC) which is used to calculate your aid package by subtracting your COA from your EFC. You should look over your SAR carefully to ensure it is correct and factual. You will need to clear any red flags at myBC by creating an online login. Any required documents will then need to be submitted to the Broward College Financial Aid office in order to continue processing your financial aid. You will need to confirm your financial aid awards on myBC to begin utilizing your aid. After successfully registering for classes, new students are required to attend a financial aid orientation if using financial aid to help pay for college.

Funds are generally disbursed twice a year, and aid cannot exceed the total cost of attendance. Financial aid money is first applied directly toward school tuition and fees, and any outstanding funds may be disbursed to you to pay for room and board, books and supplies, transportation, child care, or other education-related expenses. You are responsible for maintaining satisfactory academic progress (SAP) in order to continue receiving financial aid, and you will need to reapply and resubmit your FAFSA each year.

Borrowing Money

Student girl outdoor in park smiling happy going back to school.Many times, you will need to secure student loans in order to afford higher education. The first choice should always be a federal student loan as they have the most favorable repayment plans, low and fixed interest rates, and repayment usually doesn’t start until after you drop below half-time status, leave school, or graduate.

Federal loans are disbursed by the U.S. Department of Education through the William D. Ford Direct Loan Program.  These loans are either unsubsidized or subsidized, with subsidized loans being offered to students with the highest financial need.

The federal government covers your interest with a Subsidized Direct Loan, and these loans are for undergraduate students seeking their first bachelor’s degree. You can borrow between $5,500 and $12,500 in Direct Subsidized and Unsubsidized Loans each year as an undergraduate, up to a maximum limit of $31,000-$57,500 aggregate total for four years. Loan amounts are based on your year in school, dependent or independent student status, and your full-time or part-time student status. Graduate students may borrow up to $20,500 per year, up to a loan limit of $138,500 aggregate total, which includes undergraduate loan amounts. Interest rates for Direct Loans are 3.76 percent for undergraduates, and 5.31 percent for graduate students for loans disbursed between July 1, 2016 and June 30, 2017.

It is important to only borrow what you need. There are further limitations on unsubsidized student loans in place to limit this; Broward College participates in a U.S. Department of Education initiative to reduce student debt and excessive loan borrowing. This means that after July 1, 2012, students may only borrow unsubsidized loans if they are receiving no federal or state aid, are out-of-state paying full-price non-resident tuition rates, are admitted to a health sciences program that requires clinicals and are not receiving a sponsorship, or are enrolled in the A.S., Professional Pilot Technology Program.

The parents of dependent undergraduate students and graduate students may also borrow federal funds through a Parent PLUS Loan or GradPLUS Loan. These PLUS Loans are not based on financial need and will require a credit check. Those with favorable credit are more likely to qualify. Loans amounts may be up to the total cost of attendance minus any other financial aid you are already receiving. Interest rates for a PLUS Loan disbursed between July 1, 2016 and June 30, 2017 are 6.31 percent and fixed for the life of the loan. There is also a loan fee of 4.272 percent for all loans disbursed between October 1, 2015 and September 30, 2016.

In order to receive a student loan at Broward College, you will need to sign a Master Promissory Note (MPN) that will detail your loan terms. You should keep this in a safe place. First-time borrowers will also need to complete Direct Loan entrance counseling online as well. This explains your rights and responsibilities as a student borrower. You will need to confirm your loan amount and accept your award in order to begin receiving your loan funds. You can then log in to your myBC account to check on the status of your loans and to ensure that your tuition has been credited.

Private financial institutions, such as banks and credit unions, offer private student loans, which should be last-resort options for students. Broward College restricts these loans to international students who do not meet the non-citizen eligibility criteria for federal student loans, students who are non-residents and paying out-of-state tuition rates, or students enrolled in the A.S., Professional Pilot Technology Program. These loans usually have higher and even variable interest rates that can go up over the life of the loan. Private student loans are also based on a credit check and often require a co-signer for the most favorable rates.

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Types of Student Loans

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