Investing in your education is investing in your future. We understand the stress associated with paying for college and for that reason our Financial Aid Team does their best to make our students aware of all the financing options available for qualified students.
Spartan’s Financial Aid Team help guide you step-by-step in exploring funding options and offers financial resources to assist students with meeting their educational costs to attend Spartan. There are many ways to fund an education and financial aid comes in many forms. Most likely, your financial aid package will come from a variety of funding sources. The types and amounts of financial aid awarded are determined by several factors such as financial need, availability of funds and academic performance.
Financial aid is considered any resource that can help pay for college. Students who wish to apply for Federal Student Aid must do so by using the FREE Application for Federal Student Aid (FAFSA). Certain aid is awarded first come first served while funds remain.
To be eligible to apply for Federal Student Aid, you must:
Cal Grant B and C are State Grant programs administered by the State of California and are available to eligible California residents who have applied before the relevant deadline. The Cal Grant funds are awarded based on enrollment status during the award year. Student eligibility which must be approved by the California Student Aid Commission Grants are based on funds available from the State and do not have to be repaid. All Cal Grant payments are credited to the student’s account to cover outstanding tuition fees, and supplies. However, a student may request direct payment of his or her Cal Grant B access funds up to the date the fund transaction actually occurs.
Loans are funds that are borrowed and must be repaid. There are several different types of loans for students, including federal, institutional, and private loans. The student may choose to accept, reduce, or decline any student loan awarded.
Federal loans require the student to complete Entrance Counseling and a Master Promissory Note (MPN) before the loan can be disbursed. Exit Counseling is also required when the student drops below half time or graduates.
Federal student loans are usually offered to students who qualify at a lower interest rate and can be a great way to establish credit history. Federal Direct Stafford Loans and the Federal Direct PLUS Loan are all examples of government student loans.
Any dream worth pursuing takes planning, commitment and sacrifice. Having a financial plan is the best first step in realizing your goal of a career in the aviation industry. An investment in your education is the best investment you can make in yourself. If you’re considering Spartan College, take the first step and contact Spartan today.
The following steps will serve as a guide to completing the process required to process your student aid in the most efficient manner – Click here.
A U.S. permanent resident who has a Permanent Resident Card (I-551 or I-151); a conditional permanent resident (I-551C); or a noncitizen who has an Arrival-Departure Record (I-94) from U.S. Citizenship and Immigration Services with one of the following designations: Refugee (including noncitizen victims of human trafficking), Asylum Granted, Parolee (the I-94 confirms paroled for a minimum of one year and status has not expired), T-Visa holder or Cuban-Haitian Entrant.
The Department of Education performs matches against the application to verify the student’s citizenship status. In addition, there are procedures that you must follow to confirm a noncitizen’s status through the Department of Homeland Security and Social Security Administration if the Federal Student Aid matches don’t confirm that status. A student’s citizenship status only needs to be checked once during the award year; if the status is eligible at that time, it remains so for the rest of the award year.
A student must be a citizen or eligible noncitizen to receive aid from the Federal Student Aid programs. The general requirement for eligible noncitizens is that they be in the U.S. for other than a temporary purpose with the intention of becoming a citizen or lawful permanent resident, as evidenced by the United States Citizenship and Immigration Services (USCIS) in the Department of Homeland Security (DHS). The USCIS was briefly known as the Bureau of Citizenship and Immigration Services or BCIS, and before that it was the Immigration and Naturalization Service or INS.
When applying for federal or state financial aid, you must be a U.S. citizen, U.S. national, or an eligible non-citizen. You are considered an eligible non-citizen if you meet ONE of the following criteria:
If you’re not in one of these categories, you must have an Arrival-Departure Record (I-94) from U.S. Citizenship and Immigration Services (USCIS) showing one of the following designations:
The following documents are not considered in determining your eligibility for federal student aid:
If you have only a Notice of Approval to Apply for Permanent Residence (I-171 or I-464), you aren’t eligible for federal student aid.
Students who are citizens of the Freely Associated States-the Federated States of Micronesia and the republics of Palau and the Marshall Islands-are eligible for Pell Grants. Citizens of Palau are also eligible for Federal Work Study (FWS) and Federal Supplemental Opportunity Grant (FSEOG).
A need based fixed interest Federal loan available to undergraduate students. Students must complete a FAFSA in order to become eligible for this loan. The federal government subsidizes the interest while students are in school. This means students are not charged interest on the loan until after they graduate, leave school, or fall below half-time student status. The student is responsible for repayment and the length of repayment is typically 10 years.
A fixed interest Federal loan available to parents and legal guardians of dependent students. Students must have a FAFSA on file before parents/guardians can apply. Eligibility is determined by credit worthiness and the parent is responsible for repayment. Interest is charged from the time the loan is disbursed until it has been repaid. Repayment begins 60 days after the loan is disbursed OR the parent may defer repayment while the student is enrolled more than half-time or until 6 months after graduation
A conviction for any offense involving the possession or sale of illegal drugs, during a period of enrollment for which you receive Title IV federal student aid, may result in the loss of future financial aid eligibility. If you are convicted of possessing or selling drugs after you submit your Free Application for Federal Student Aid (FAFSA), you must notify your Financial Aid Administrator immediately.
If a student successfully completes a drug rehabilitation program, the student may regain federal student aid eligibility on the date the program is successfully completed.
*Spartan College of Aeronautics and Technology, Riverside, CA is a branch location of Spartan College of Aeronautics and Technology, Inglewood, CA.