Professional Skills Institute is authorized by the Department of Education to participate in Title IV funding for those students who qualify. In order to apply for Title IV funds, a student must complete the Free Application for Federal Student Aid (FAFSA) for that particular award year.
To complete a FAFSA go to www.fafsa.ed.org PSI's school code is 016568.
For more information go to www.FederalStudentAid.ed.gov Or www.students.gov.
The following are the most commonly used types of Title IV funding and income documentation must be provided.
Federal Pell Grant:
The amount of award ranges from $400 to $4310 from July 1, 2007 to June 30, 2008 depending upon eligibility. Note: Individuals who have obtained a bachelor degree or higher are not eligible to participate in the Federal Pell Grant Program according to Federal guidelines.
Federal Loans: (Listed below are the types of federal student loans available to those who qualify.)
Stafford Subsidized Loan: The maximum loan amount is $2625 for the first year and $3500 for the second year (Associate Degree students only.)
Stafford Unsubsidized Loan: The maximum loan amount is $4000 for the first year and $4000 for the second.
Plus Loans: A low interest (variable rate) loan applied for by parents with good credit histories of an eligible dependent student to pay for educational expenses while in school.
Non-Title IV Financial Aid:
Nurse Education Assistance Loan Program: The NEALP application deadlines are June 1 for courses beginning in the Fall of the current year and November 1 for new students beginning nursing programs in January (Spring). Contact the Ohio Board of Regents/State Grants and Scholarships Department (888-833-1133).
Bureau of Vocational Rehabilitation (BVR): This organization may provide funding for students who have a physical or mental disability that inhibits them from certain types of work. BVR can be reached at 419-866-5811.
Tuition Answer Loan:
You can learn more about the Tuition Answer Loan and get pre-approved online at www.TuitionAnswer.com/loan. You can also call 1-800-749-9100 and speak to one of the Sallie Mae Tuition Answer Loan representatives.
Workforce Investment Act (WIA): WIA may provide funding through Title III programs. They are usually for students who are permanently laid off from work due to plant closings or cutbacks (dislocated workers) or low-income students eligible for training funds through WIA.
Veteran Benefits: Veterans attending PSI may be eligible to receive benefits through the Veterans Administration (VA). Each VA program has individual requirements for eligibility. Interested candidates can contact the VA at (800) 827-1000.
Ohio National Guard: Students who are enlisted in the Ohio National Guard may be eligible to receive a grant to pay for a percentage of their tuition. Interested students should contact their local guard unit for details and an application.
Ohio Instructional Grant (OIG): The Ohio Instructional Grant Program (OIG) provides need-based tuition assistance to full-time undergraduate students from low to moderate-income families. Please note you must be pursuing an undergraduate degree (associate or bachelor degree) to be considered for this grant. Diploma programs do not qualify.
Note: Professional Skills Institute follows all guidelines set by the Department of Education for Title IV funding and also the guidelines set forth by outside agencies that are funding students tuition.
Self Pay:
Monthly or quarterly payment arrangements can be made with the Financial Aid Administrator. Payments may be spread over the period of time that the student is in school.
Financial Aid appointments are scheduled by the Financial Aid Administrator once the applicant has been accepted.
If you have any additional questions regarding financial aid, you may contact our Financial Aid Director Bonnie Stanifer.
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