Pegasus Scholarships are awarded to entering students by Undergraduate Admissions to recognize outstanding academic performance. There is no separate application for this scholarship program. Students who apply for admission to UCF for summer or fall terms are automatically considered.
Pegasus Program Scholarships
Program Eligibility Charts
Financial aid is provided based on your eligibility and the availability of funding. To compare programs and determine your eligibility, view the Pegasus Program Eligibility Charts for fall, spring and summer.Review Program Eligibility Charts
This scholarship is awarded to exceptional high school students who are accepted for a summer or fall semester by Undergraduate Admissions. If you are a recipient of any of the scholarships in this program, you are responsible for making note of the following.
The processed results of the Free Application for Federal Student Aid (FAFSA) must be received at UCF by June 1 each and every year. To allow time for unforeseen processing delays, we strongly recommend you file the FAFSA no later than April 15 so there is ample time for the processed results to be received by UCF. To be given the greatest consideration of other types of financial aid you should file the FAFSA by February 15 of each year to meet our application priority date of December 1 each year.
Students must enroll full-time (a minimum of 12 UCF credit hours) each fall and spring term. Dual or transient hours taken at another institution will not be considered in the hours calculated for full-time enrollment for the purpose of this scholarship. The only exception to the full-time enrollment requirement is granted to students during their graduating semester.
For the exception to be extended, students must provide a memo on letterhead from their academic advisor indicating:
- Student’s name and PID
- Semester graduation is expected
- Name of course(s) needed for graduation
- Name of the undergraduate degree to be received
If a student enrolls in less than six UCF hours during their graduating semester, the exception must be approved by the UCF Scholarship Committee. Students should submit their request at least two months prior to the beginning of their graduating semester to have a decision rendered before the beginning of the semester.
Receiving student may request a deferment for the purpose of taking part in activities that would interrupt their required continuous enrollment at the University of Central Florida.
A scholarship deferment request can hold the scholarship for a maximum of two semesters.
Acceptable reasons to defer a scholarship include, but are not limited to: military service, documented medical conditions, internships/Co-Ops, religious missions, etc. At the time of deferment, the student must be meeting the renewal criteria for the scholarship. A deferment will not be granted for attendance at any other higher education institution.
Students seeking a deferment must complete a Scholarship Appeal Form and submit a letter indicating the reason for the request, along with supporting documentation. The appeal must be submitted no later than two months prior to the start of the semester in which the deferment is being requested.
Failure to obtain approval prior to departure from the university will result in cancellation of scholarship.
Students must enroll full-time (a minimum 12 credit hours) each fall and spring semester. If extenuating circumstances exist that prevent full-time enrollment, students may appeal to the UCF Scholarship Committee. Appeals must be submitted prior to the semester in which the exception is being requested.
Failure to obtain approval to enroll less than full-time will result in cancellation of scholarship.
Academic progress is evaluated once per year after spring grades have been posted. In order to meet renewal requirements for the scholarship, students must meet the following each year:
- Initially enroll full-time (a minimum of 12 UCF credit hours) each fall and spring term.
- Successfully complete an average of 24 UCF hours for the previous fall and spring period.
For Example: If a student was enrolled in 12 hours for the fall semester and earned 9 hours, the student would need to enroll in and successfully complete 15 hours in the spring semester to have earned an average of 24 hours by the end of the evaluation period.
- Earned the required minimum UCF cumulative GPA by the end of each spring term. Summer grades and hours earned after spring evaluation may not be used to meet the scholarship renewal requirements.
- Grade forgiveness. Only the repeated course grade and hours will be calculated into the period under review.
- Repeat Checking refers to how the University treats classes that you have taken more than once. If you repeat a class, there are implications for your GPA and academic level (freshman, sophomore, etc). However, and normally, repeated classes do not result in additional credit counting towards the degree. For more information, see myKnight Audit FAQs.
If a student falls below the hours and/or GPA requirements, they will be permanently canceled for the scholarship program. If extenuating circumstances caused a student to do poorly, they may submit a Scholarship Appeal Form. The Scholarship Appeal should be based on the student’s extenuating circumstances and how it affected them during the semester(s) in question.
All Pegasus Scholarship appeals must be received in the Office of Student Financial Assistance no later than July 30th to ensure no delay in processing their upcoming Fall semester. Ensure to attach any supporting documents that confirm your extenuating circumstance.
Students who would like to request a semester off of the scholarship program must submit the appeal the semester prior to the semester they plan to be away.
The Scholarship Appeal Form can be downloaded from our website. Additional instructions can be found on the Scholarship Appeal Form.
Pegasus Scholarships FAQs
My scholarship was in the form of a waiver of non-resident fees, but i am now a Florida resident for tuition purposes. What happens to my award?
The waiver award will not be replaced.
I have both the Florida Bright Futures Scholarship and the Pegasus Scholarship, what is the difference?
The Pegasus Scholarship requires full-time enrollment for both the fall and spring semesters. You will also need to complete the fall and spring semesters with at least 24 UCF credit hours with a UCF G.P.A. of at least a 3.0 by the end of each spring semester.
If you have the Florida Bright Futures Academic Scholarship, you will need to refer to the Bright Futures Scholarship Section of our Web site for the required hours of completion.
Florida Academic Scholars must have a UCF or Overall Cumulative G.P.A. of at least a 3.0 at the end of each Spring semester.
Florida Medallion and Florida Gold Seal recipients will need to earn a UCF or Overall Cumulative G.P.A. of at least a 2.75.
How long will I receive the Knights Achievement/Pegasus Scholarship?
A maximum of 8 terms or until graduation, whichever is less.
Students whose major requires 124 or more hours may receive a one term extension (double majors and minors are not considered). A letter (on letterhead) from the department verifying the number of hours required for the degree must be submitted to the Office of Student Financial Assistance prior to the 9th term.
If I need to take time off from my studies at UCF, will I retain the Knights Achievement/Pegasus Scholarship?
Possibly. You must submit a Scholarship Appeal Form and letter stating the reason(s) that you need the time away from UCF. The appeal must be submitted prior to the term(s) that you plan to be away. The UCF Scholarship Committee will review your request and render a decision. If you leave UCF without asking for the time off, you will not be reinstated to the scholarship program upon your return. Extenuating circumstances are the exception.
Can I use my Knights Achievement/Pegasus Scholarship in the summer?
No, the scholarship is not available for use during the summer semester. It is to be used during the fall and spring semesters only.
What are the various Pegasus Scholarships awarded?
The Pegasus Scholarship Program includes National Merit, National Achievement, National Hispanic and the Pegasus Scholarships. In addition, we have several Transfer Scholarships that are awarded based on high academic achievement. They include the Ralph C. Boston, Articulated Honors to Honors, Cultural Diversity, High Academic Achievement, Phi Theta Kappa, All Florida Academic First Team, All Florida Academic Second Team, and the Director’s Special Achievement.
How Are Pegasus Scholarships Awarded?
These scholarships are awarded to entering high school graduates by Undergraduate Admissions to recognize outstanding academic performance. There is no separate application for this scholarship program. When you apply for admission to UCF, you are automatically considered.
How Long Will I Receive The Pegasus Scholarship?
A maximum of 8 terms or until graduation, whichever is less.
Students whose major requires 124 or more hours may receive a one-term extension. (Double majors and minors are not considered) A letter from the department verifying the number of hours required must be submitted to the Office of Student Financial Assistance prior to the 9th term.
The Directors Special Achievement Scholarship is a nonrenewable one year (two semesters) award.
Can I Use My Pegasus Scholarship In The Summer?
No. The Pegasus Scholarship is only available during the fall and spring terms.
If I Need To Take Time Off From My Studies At Ucf, Will I Retain The Pegasus Scholarship?
Possibly. You must submit a Scholarship Appeal prior to the term(s) that you plan to be away from UCF, stating the reason(s) that you need the time away from UCF. The UCF Scholarship Committee will review your request and make a decision. If you leave UCF without asking for the time off, you will not be reinstated to the scholarship program upon your return. Extenuating circumstances are the exception.
How are the Knights Achievement/Pegasus Scholarships Waivers awarded?
These scholarships are awarded to entering out of state high school graduates by Undergraduate Admissions to recognize outstanding academic performance. There is no separate application for this scholarship program. Students are automatically considered when they apply for admission.
What happens if I have several University sponsored sources providing funds to cover the cost of the out of state portion of my tuition?
Any combination of UCF-sponsored non-resident waiver awards will cover up to the waiver award amount or the non-resident fee amount, whichever is less.
Can I Co-op or intern and remain on this scholarship?
Yes. If you want to Co-Op or intern, you must let us know in writing which term you plan to Co-Op or intern prior to that term. We will defer your scholarship until you return as a full-time student the following term.