There are several different types of tuition assistance available. Aid is available, to those who qualify in the form of Federal Student loans, Pell Grants, Alternative Loans, Veterans Assistance, Visa and MasterCard, and in-school payment plans.
This option may be used to make monthly tuition payments. Students would make the initial $1500 deposit, and the remainder of the tuition would be paid in full by the fifth month of school. The student may choose to make up to five payments, with the first being on the first day of school. There is no interest charged in school payment plans, although there is a late fee assessed on all late payments.
These credit cards may be used for the initial $1500 deposit, monthly tuition payments and textbooks.
We offer Federal Student Loans through the US Department of Education. Loans available are: Stafford Subsidized and Unsubsidized Loans, along with Parent Plus Loans. Students interested in a student loan or Pell grant, should complete the FAFSA online application. The school code is 016483.
A Student Aid Report will be mailed to you approximately 2-3 weeks once completed online. You may request a paper copy of this form from FIU if the internet is unavailable. The students eligibility is determined by the US Department of Education. A Student Aid Report will be sent to the student and the school. An award letter will be sent to the student from the school disclosing the types and amount of aid available.
Once you have completed your FAFSA and received your award letter from the school, you should go here to complete your promissory note online. Students must pay the deposit out from their own funds regardless of loan or grant assistance available. All loan funds will be deposited into the student’s tuition account. Any credit balance remaining will be returned to the student.
Subsidized Stafford loans are available to most students. Income is used to determine the need for this loan. The maximum a student may receive from this loan is $6400.
Unsubsidized Stafford loans are available to independent students. Income is not used to determine the need for this loan. An independent student is a student over the age of 24, or married, or has dependents. The maximum a student may receive from this loan is $9600.
Parent Plus Loans are available to dependent students. A dependent student is a student under the age of 24, is not married, and has no children or dependents. The maximum a student’s parents may receive from this loan is $20,000.
Student loans are disbursed in four installments. The first is 30 days after enrollment, the second is three months into the program, the fourth is six months into the program, and the last is nine months into the program. All loan checks are deposited into the student’s tuition account. Once the tuition is paid in full, a student will receive any credit balance. Repayment of subsidized and unsubsidized loans begins six months after graduation. Parent Plus loans may be disbursed the first day of attendance, and repayment begins 60 days after disbursement. All loan applications must be originated through the school. To apply for financial aid, a student may go the US Department of Education’s website at www.fafsa.ed.gov.
The eligibility for a Pell Grant is determined by the US Department of Education. The first step is to complete the FAFSA form. A student aid report will be sent to the student to determine Pell eligibility. Pell Grants are disbursed in 4 installments.
Veterans who feel they qualify for Veterans Assistance or the GI Bill should contact the school. Students receiving this type of aid are responsible for the initial $1500 deposit, and must also purchase of textbooks. on the first day of class. Veterans will be paid their monthly allotments and are responsible for making monthly tuition payments to the school.
Send us your concerns through the web form or call our office at (850) 478-7611.