<Li> Florida Gold Seal Vocational Scholars: Requires a minimum weighted GPA of 3.0; available to students pursuing a career education or certificate program . The Florida Gold Seal CAPE Scholars program funds up to 60 credit hours for a bachelor of science or bachelor of applied science program following completion of the corresponding associate's degree . </Li> <P> Award amounts are set by statute each year . In the 2016 - 17 year, Academic Scholars receive up to $103 per credit hour per semester, Medallion Scholars receive up to $77 per credit hour per semester, and Gold Seal Scholars receive up to $48 per credit hour per semester . </P> <P> The Bright Futures Scholarship was meant to emulate neighboring state Georgia's HOPE Scholarship . Originally the Program disbursed just above 42,000 scholarships for about $70 million . At the program's peak in 2008, it provided scholarships to 39% of Florida high school graduates, including 94 percent of incoming freshmen and 70 percent of all undergraduates at the University of Florida . </P> <P> The program was solely based on academic merit and not on financial need . At its height in 2008, the program was criticized for subsidizing the education of students from wealthy families using lottery proceeds collected largely from lower - income individuals . UF Chief Financial Officer Matt Fajack criticized the program for keeping state university tuition artificially low, since any tuition raise would mean that the state would have to spend more money to cover scholarships under the program . </P>

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