Qualifying students are eligible to participate in the following Title IV Financial Aid Programs:
Pell Grants are awarded to help finance tuition and fees while attending National Career Institute. The applicant must be a U.S. citizen, or an eligible non-citizen. You must be enrolled in a program of at least 600 clock hours in duration. You must be registered with Selective Service if you are a male who is at least 18 years old and born after December 31, 1959, and you must be one who is not a current member of the active Armed Forces. The applicant cannot be in default on a student loan or owe a repayment on a Pell Grant from a previous institution. Finally, the applicant cannot hold a Bachelor’s Degree. Students applying for a Pell Grant must meet eligibility requirements in accordance with regulations set forth by the U.S. Department of Education. Awards will depend on both the costs of education and your eligibility index. An index is based on factors such as family income and assets, family size, and number of postsecondary students in your family.
Federal Supplemental Educational Opportunity Grant (FSEOG)
The applicant must: (1) be a U.S. citizen or an eligible non-citizen, (2) be an undergraduate matriculated at an institution participating in the federal campus-based programs, (3) not be in default or refund status for any federal Title IV aid at any institution, (4) if applicable, be registered with the Selective Service, (5) be a Pell Grant recipient or (6) have the lowest expected family contribution. Financial need is determined by standardized need analysis, subject to adjustments by the institution. FSEOG awards may be available to less than full-time students. Recipients are selected and award amounts are determined by financial aid administrators. The award may range from $100 to $4,000, depending upon student financial need, program funds, and institutional discretion. A student may receive funds throughout their period of enrollment.
Federal Work Study Program (FWS)
The Federal Work Study Program provides employment opportunities for students. The applicant must be: (1) a U.S. citizen or eligible non-citizen, (2) enrolled in an undergraduate program as a student in good academic standing, (3) not be in default or refund status for any federal Title IV aid at any institution, (4) if applicable, be registered with the Selective Service, and (5) in financial need. Financial need is determined by standardized need analysis, subject to adjustments by the institution. Federal Work Study aid may be available to less than half-time students. The institution will make employment reasonably available to all eligible students at the institution who are in need of financial aid. In the event that more students are eligible for FWS than there are funds available, preference will be given to students who have exceptional financial need.
The financial aid office is responsible for selecting recipients and determining award amounts. The institution arranges jobs on campus or off campus with for-profit companies and private or public not-for-profit agencies. Factors considered by the financial aid office in determining whether, and for how many hours, the recipient may work under this program include: financial aid, class schedule, academic progress, and a student’s health status. Levels of salary must be at least the minimum wage. The maximum salary allowed depends on the nature of the job and the applicant’s qualifications.
Stafford Loan (DIRECT LOAN)
Stafford Loans (Direct) are for undergraduate, graduate and professional degree students. You must be enrolled as at least a half-time student to be eligible for Stafford Loan. There are two types of Stafford Loans: subsidized and unsubsidized. You must have financial need to receive a subsidized Stafford Loan. The U.S. Department of Education will pay (subsidized) the interest that accrues on subsidized Stafford Loan during certain periods. Financial need is not a requirement to obtain an unsubsidized Stafford Loan. You are responsible for paying the interest that accrues on unsubsidized Stafford Loans. Median loan debt incurred by the student who completes the program is: Subsidized = $3,500 and Unsubsidized = $6,000.
PLUS Loans are loans parents can obtain to help pay the cost of education for their dependent undergraduate children. In addition, graduate and professional students may obtain PLUS Loans to help pay for their own education.
To apply for Financial Aid online, please visit www.fafsa.ed.gov and complete a free application for federal student aid. Learn more about the admission requirements for new students, and placement services like externships to make sure that students and alumni can convert their new skills into careers. Give us a call for more information about National Career Institute.
National Career Institute is dedicated to making skills and training accessible to motivated students in New Jersey.