Financial aid is a mechanism that reduces out-of-pocket costs that the student and/or the student’s parents must pay to obtain a specific postsecondary education. Presented differently, financial aid is money made available to help students meet the cost of attending college. Financial Aid is made up of grants and loans. Grants are not to be repaid. Loans usually have low interest rates and a student must re-pay a loan according to the individual loan program terms. Most of the loans can be arranged to require payment after a grace period of several months following graduation, the student’s termination from the program or the point at which the student’s attendance falls below half time. Financial Aid is awarded to students who have “need”. Need is defined as the difference between the amount of money that the family will be expected to contribute to meet student costs and the cost of education at this school.
Based on a combination of approvals, authorization and accreditation, our students are eligible to apply for and receive tuition aid and financial assistance while attending the college. A list of these programs includes: Federal PELL Grant (FPELL) and Federal Supplemental Education Opportunity Grant (FSEOG), neither of which requires repayment.
Students desiring information regarding the various aids available should contact the Financial Aid office by visiting our school or contacting our Financial Aid Officer at (714) 740-2755.