The Florida Bright Futures Scholarship Program establishes three lottery-funded scholarships to reward Florida high school graduates for high academic achievement. The Florida Bright Futures Scholarship Program is comprised of three awards:

• Florida Academic Scholars (FAS) award
• Florida Medallion Scholars (FMS) award
• Florida Gold Seal Vocational Scholars (GSV) award

Criteria for receiving the Florida Bright Futures Scholarship are:

• Student must earn a "vocational ready" diploma
• Student must complete three vocational credits in a sequential program
• Student must earn a GPA of at least 3.0 on a 4.0 scale based on the 24 standard diploma credits
• Students must earn a minimum GPA of 3.5 on a 4.0 scale for secondary vocational courses
• Student must demonstrate readiness for postsecondary education by earning a passing score on the Florida College Entry Level Placement Test or its equivalent