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Financial Aid
If you are planning to attend a course eligible for federal
financial aid, you must complete the Free Application for Federal
Student Aid (FAFSA) in order to have your financial need eligibility
determined. FAFSA applications are available in the ACE
Financial Aid Office, or you may complete and file your application
online via the FAFSA website.
There are four types of Federal
Financial Aid:
Pell Grant—Based on
financial need and does not have to be repaid. The maximum grant
award for 2011-2012 is $5,500. See application procedure to the
right.
Subsidized Stafford Loan—Based
on financial need and repayment begins six months after you leave
school. Maximum amount is $3500.
Unsubsidized Stafford Loan—Not
based on financial need, payment begins six months after you leave
school. Maximum amount is $6000.
Note: Subsidized and unsubsidized loans may be combined for a total
maximum of $9,500.
PLUS Loan—For
parents of dependent students only. Not based on financial need,
repayment begins while the student is still in school. Maximum
amount may not exceed the total cost of attendance less any other
aid to be received.
Go to
studentloans.gov to complete and sign a
Master Promissory Note, or complete entrance and exit counseling for
a Direct Loan.
Parents,
go to
studentloans.gov to complete a
Plus Loan Master Promissory Note.
In order to avoid delays in
receiving financial assistance, please apply for financial aid as
soon as you have made the decision to enroll. Federal financial aid
is not available for short-term career enhancement courses.
Financial aid assistance is available for potential and currently
enrolled full-time students in the Adult Workforce Education
programs. Financial aid may cover part or all of the tuition and may
be available through Pell Grants, Stafford Loans, Federal PLUS
Loans, Workforce Investment Act, Bureau of Workers Compensation,
Bureau of Vocational Rehabilitation, Trade Adjustment Act, Veteran’s
Administration, and employer based tuition assistance.
To
receive aid from any of the federal student aid programs, you must
meet all of the following criteria:
Demonstrate
financial need, except for some loan programs.
Have a high
school diploma, GED or home school certificate.
Be enrolled
as a regular student working toward a certificate in an eligible
program.
Be a U.S.
citizen or eligible non-citizen.
Have a valid
Social Security Number.
Meet
satisfactory academic progress standards set by the school.
Certify that
you will use federal student aid only for educational purposes.
Certify that
you are not in default on a federal student loan and that you do not
owe money from a federal student grant.
Comply with
the Selective Service registration, if required.
Not be
incarcerated in a federal or state penal institution.
Not have been
convicted under federal or state law for the sale or possession of
drugs.
Other Sources of
Assistance
Other
sources of assistance may be available for some full-time programs.
Workforce Investment Act—Based on
income and employment status, you may qualify for additional funding
through the Workforce Investment Act program. Information about the
WIA program is available (in person) through JOBLeaders at 1111 East
Broad Street.
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