Maximize Your Financial Aid

Many adult students are eligible for financial aid and Eckerd College also offers a number of institutionally administered scholarships.

An admission counselor will assist you through the basics of the application, help you to get started, and point you towards outside funding options to make your return to college as affordable as possible.

Florida Resident Access Grant (FRAG)

As a Florida resident attending a private institution full time, you qualify for nearly $3000 in grant money which does not need to be repaid and is not based on income.

To be eligible for FRAG, a student needs to:

  • be a permanent resident of Florida for one year prior to the beginning of the academic semester
  • be enrolled as a full time student during the semester
  • complete FAFSA on file by October 1st for Fall Semester consideration and by February 1st for Spring Semester consideration

Note: Students, who did not receive FRAG the previous year, must also complete the Florida Residency Affidavit and return it with the required documentation. Students who receive 100% of their tuition and fees paid through an outside source (such as an employer or other agency) are not eligible for the FRAG.

Federal Pell Grant

You may also qualify for Federal Pell Grants of up to $5730 that does not require repayment as well as additional student loans. To be eligible, a student needs to:

  • be enrolled and making satisfactory progress in a program leading to a degree
  • not owe a refund on a Federal Grant
  • not be in default on a Federal student loan
  • be registered for the Selective Service (male only)
  • be an U.S. citizen or other eligible resident

The Federal Pell Grant is awarded to students with financial need and based on the Expected Family Contribution and enrollment status. The award is reduced for less than full time study.


Eckerd College awards internal scholarship money to PEL students. Last year, more than $100,000 in scholarship money was disbursed to PEL students.

Institutionally administered scholarships are available to qualified incoming and current PEL students. Priority is given to students with financial needs, however other eligibility requirements may include students'​ academic level, field of study, county of residence, and other personal or biographical information. Students may be awarded once per academic year.  If you would like to be considered for an award please contact an admission counselor or your academic advisor.

Veteran's Benefits

For more information visit our VA Benefits page or contact PEL at 727-864-8226.

Federal Direct Loan Program

The Federal Direct Loan is a low interest loan program available to all students. Repayment begins six months after the borrower is no longer enrolled at least half time for a period of up to ten years. The interest on the Federal Direct Loan is subsidized (paid by the federal government on the student's behalf) for students with financial need. While interest accrues on an unsubsidized Federal Direct Loan, the interest payments may be capitalized. The capitalized interest amount will be added to the principal balance when repayment begins.

The maximum amount a student can borrow is based on grade level.

Annual Maximum

Freshman $5,500 - Not more than $3,500 may be subsidized
Sophomore $6,500 - Not more than $4,500 may be subsidized
Junior $7,500 - Not more than $5,500 may be subsidized
Senior $7,500 - Not more than $5,500 may be subsidized

Visit the Federal Direct Loan website for current rates.

Federal Perkins Loan

Eckerd College awards the Federal Perkins Loan to students with exceptional financial need. These funds are very limited and students are encouraged to apply prior to the priority deadline to receive full consideration. Borrowers have up to 10 years to repay this loan. The 5% interest rate begins to accrue nine months after the borrower is no longer enrolled at least half time.

Visit the Federal Perkins Loan website for more info.

Federal Supplemental Educational Opportunity Grant

The SEO Grant is awarded by Eckerd College to students, who receive the Federal Pell Grant and demonstrate extreme financial need. These funds are limited and students are encouraged to apply prior to the priority deadline to receive full consideration.

Visit the SEOG website for more info.

Other Grant and Loan Programs

Workforce Investment Act

Students who are unemployed, displaced homemakers, or low wage workers may be eligible for funding through the Workforce Investment Act. For more information contact a PEL Admission Counselor at 727-864-8226 or 800-234-4735.

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Recent Op Ed Article from President Eastman

College numbers game cheapens role of education
Tampa Bay Times
October 27, 2015

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