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FINANCIAL
AID
FEDERAL
ASSISTANCE, LOAN PROGRAMS AND
MORE
AIT's trucking schools financial
aid programs can provide
qualified students looking to
obtain a Class A license and a
career in trucking various
options to help with the cost of
training or acquire the
appropriate loans to help cover
the cost of training. To assist
trucking school trainees with
their cost of education, AIT is
approved by the U.S. Department
of Education to participate in
Student Financial Assistance
Programs. You've made a great
first step towards getting CDL
truck training at AIT, by
applying for one or more of the
following financial aid options
you'll be one step further down
the road to success!
Searching for a qualified semi
truck school is where many
students begin their start on
the road to any truck driver
training school education. Many
times people searching for a
class A truck school are also
looking for a free truck driving
school, which does not exist.
Those that have found this page
will see that there are many
financial aid options available
for an American Institute of
Technology truck training school
trainee.
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ALTERNATIVE LOAN
PROGRAMS
Trainees who have
limited or no
funding available to
them through Federal
and State programs
may apply for
alternative loan
funds to cover
education related
expenses. For more
information,
trainees and
prospective trainees
can contact AIT's
Financial Aid
Office.
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FEDERAL FAMILY
EDUCATION LOAN
PROGRAM (FFEL)
The Federal Family
Education Loan
Program makes low
interest, long-term
loans available to
eligible students
attending
institutions of
higher education.
The following types
of loans are
available through
the FFEL programs:
FFEL Stafford Loans
are awarded to
trainees who
demonstrate
financial need.
Because the U.S.
Department of
Education subsidizes
the interest,
borrowers are not
charged interest
while they are
enrolled in training
at least halftime
and during grace and
deferment periods
FFEL Unsubsidized
Stafford Loans are
awarded to trainees
regardless of
financial need.
Borrowers are
responsible for
paying the interest
that accrues during
any period.
FFEL PLUS Loans
allow parents to
borrow on behalf of
their dependent
undergraduate
children who are
enrolled at least
halftime. Borrowers
are responsible for
the interest that
accrues on FFEL PLUS
Loans during any
period.
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AIT INSTITUTIONAL
LOAN PROGRAM
Trainees who have
limited or no
funding available to
them through the
Federal, State or
Alternative Loan
Programs may apply
for an institutional
loan.
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FEDERAL PELL GRANT
PROGRAM (FPELL)
The Federal Pell
Grant Program
provides
non-repayable grants
to eligible
undergraduate truck
school trainees who
demonstrate
financial need. The
Federal Pell Grant
Program provides
need-based grants to
low-income
undergraduate and
certain
post-baccalaureate
students to promote
access to
postsecondary
education.
Financial need is
determined by the
U.S. Department of
Education using a
standard formula,
established by
Congress, to
evaluate the
financial
information reported
on the Free
Application for
Federal Student Aid
(FAFSA) and to
determine the family
EFC. For more
information on
FAFSA, see below.
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OTHER AID.
The Financial Aid
Office at AIT also
provides trainees
and prospective
trainees with
information
regarding other aid
that students may be
eligible for through
the Bureau of Indian
Affairs and the
Workforce Investment
Act.
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