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To assist trainees with their cost of education, AIT is approved by the U.S. Department of Education to participate in the following Student Financial Assistance Programs:
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Federal
Pell Grant Program (FPELL)
The Federal Pell Grant Program provides non-repayable grants to eligible undergraduate trainees who demonstrate financial need. The U.S. Department of Education calculates
an Expected Family Contribution and provides formulas for
calculating the amount of the Pell Award. |
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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
educationally related
expenses. |
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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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LEVERAGING
EDUCATIONAL ASSISTANCE
PARTNERSHIP PROGRAM
(LEAP) |
Under
the LEAP program, the
Secretary of Education
provides states with
funds to establish a
state grant program to
assist trainees who
demonstrate substantial
financial need. Trainees
must meet state
eligibility criteria to
receive assistance or
benefits from this
program. |
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OTHER
AID |
Additional
aid information
pertaining to Veterans
Benefits, Vocational
Rehabilitation, Bureau
of Indian Affairs, and
the Workforce Investment
Act can be obtained by
contacting the Financial
Aid Office at AIT. |
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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 trainees
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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Application procedures for these programs can be obtained from the Financial Aid Department at the training facility and from the Consumer Guide.
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Us
NOTE: Not all programs of study are eligible for all of the financial aid programs. Trainees may consult with the Financial Aid Department for aid
eligibility.
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