THE FEDERAL STUDENT AID PROGRAMS – Federal Student Loans & Grants
The majority of students attending Apex Tech receive financial aid funding from the Federal Student Aid Programs (from the U.S. Department of Education). You are strongly encouraged to apply for these programs even if you don’t believe you will qualify for much aid – you may be surprised at how much aid is available!
In order to be considered for these programs, you must submit the Free Application for Federal Student Aid (FAFSA) form, Click here for instructions on “How to Apply” and you must meet the eligibility requirements for Federal Student Aid.
Federal Student Loans And Grants IN DETAIL:
At Apex Tech we participate in the following Federal Student Aid programs:
FEDERAL PELL GRANT
– Federal Pell is a need-based grant that does not need to be repaid. Eligibity for a Federal Pell Grant is based on the “Expected Family Contribution” (EFC) figure that is created as a result of your FAFSA application. The highest awards go to students with the lowest EFC’s, with award amounts decreasing as the EFC increases. Click here for Information about Federal Pell Grants from the U.S. Department of Education.
FEDERAL SEOG GRANT
– Federal SEOG is also a need-based grant that does not need to be repaid. In order to receive an SEOG Grant at Apex Tech, you must be eligible to receive a Pell grant (see above) and also have a very low “EFC” figure. Generally, Apex only receives enough funding each year to award SEOG to students with an EFC of zero. Click here for Information about Federal SEOG from the U.S. Department of Education.
– A limited number of part-time jobs are available through the Federal Work-Study program. Students must meet the basic eligibility requirements and have financial need. Work-Study job placements are made once students begin classes. Click here for Information about Federal Work-Study from the U.S. Department of Education.
FEDERAL DIRECT STUDENT LOAN PROGRAM
– All students at Apex Tech who meet the eligibility requirements are able to borrow a traditional “student loan” from the Federal Direct Student Loan Programs. The interest accrued on these loans may be subsidized and/or unsubsidized. Payments usually begin six months after you leave school. Click here for Information about Federal Direct Student Loans from the U.S. Department of Education.
FEDERAL DIRECT PARENT LOAN (PLUS LOAN)
– The parents of dependent students at Apex Tech are generally able to borrow a parent PLUS loan from the Federal Direct PLUS Loan Program. Parents can borrow up to the full cost of the student’s education (minus any other aid received). Click here for Information about Federal Direct Parent PLUS Loans from the U.S. Department of Education