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student accepted for admission or currently enrolled at
Vatterott College may apply for financial aid. Upon completion
of all necessary forms, the Financial Aid Office will determine
the financial aid award and will
finalize the tuition payment plan. Financial aid is available
only to those who qualify. All students, regardless of payment
options or funding sources, are ultimately responsible for
their tuition, fees, taxes, books, and any other costs associated
with their education. Receiving financial aid means you
are making a commitment to repay loans regardless of whether
or not you complete your chosen program.
Company tuition reimbursement may be applied at Vatterott
College as it is approved by several employers. It is recommended
that you check with the Human Resources office of your particular
employer for reimbursement policies.
The
Federal Pell Grant Program - The Federal Pell
Grant program provides grants to students for each undergraduate
year. The amount of the grant is based upon the financial
assets of the student and/or the student's parents. Amount
of awards may vary from year to year.
The
SEOG Program - The Federal Supplemental Educational
Opportunity Grant (SEOG) program is a pool of limited funds
that provides assistance to students with exceptional need.
The
Federal Stafford Student Loan - The Federal Stafford
Student Loan enables one to borrow directly from a bank,
credit union, savings and loan association, or directly
from the U.S. Department of Education. The loan is insured
by the Federal Government. Repayment is a minimum of $50.00
per month, starting six months after graduation. The interest
on these loans is below market rate, and determined by the
Federal Government. There are both subsidized and unsubsidized
loans. The government pays the interest on subsidized loans
while the student is in school.
Federal
Plus Loans - Federal Plus Loans are for parents
who want to borrow to help pay for their children's education.
Plus loans provide the funds for educational expenses and
are made by a lender
such as a bank, credit union, savings and loan association,
or the U.S. Department of Education.
Veteran's
Educational Benefits - Veteran's Educational
Benefits through the Veteran's
Administration may pay monthly educational allowances to
qualified students to help defray the cost of tuition and
living expenses. For further information, contact the Veteran's
Administration or the Admissions Office at Vatterott College.
Not all training programs are approved for veterans benefits.
PLEASE NOTE THAT STUDENTS ARE RESPONSIBLE FOR THEIR TUITION
PAYMENTS, NOT THE VETERAN'S ADMINISTRATION.
Government
and State Sponsored Programs - Government sponsored
programs such as Vocational Rehabilitation, Job's Training
Partnership Act, The Older American Act, the Trade
Readjustment Act, and the Indian Education Bureau are accepted
at Vatterott College.
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