Types of Financial Aid Available

If you’re ready to pursue a dynamic and lucrative career in court reporting, but you’re not sure you can afford the training, there’s help.

Many of our students are eligible for some type of financial aid. We also work with our students to develop individualized payment plans to make tuition more manageable. Talk with our team and arrange an appointment with our Financial Aid Office to learn more.

Helpful Links:

Frequently Asked Questions

Q: A:
How do I know it I am eligible for Financial Aid?

Students who fill out a Free Application for Federal Student Aid (FASFA) are automatically considered for all Federal, state and institutional aid administered by the Financial Aid Office.

Do I need to be a full-time student to receive financial aid?

No. The amount of financial aid awarded is determined by the number of credit hours for which the student is enrolled. You must be enrolled at least half time to receive Stafford or Plus loans.

What is the Expected Family Contribution (EFC)?

The Expected Family Contribution (EFC) is the amount of money that the family is expected to contribute toward educational expenses from resources other than financial aid. Factors used to determine a family’s ability to contribute include: the previous year’s adjusted gross income, assets, size of family, and the number of individuals in the family attending college. The EFC is calculated using the information provided on the Free Application for Federal Student Aid (FAFSA).

How is financial need determined?

Financial need is the difference between the Cost of Education (COE) and the Expected Family Contribution (EFC) number. COE – EFC= Financial Need

Here’s some important information from the Federal Student Aid Office of the US Department of Education.

Sources of financial aid may include:

 

Types of federal student aid include:

  • Grants—financial aid that doesn’t have to be repaid (unless, for example, you withdraw from school and owe a refund)
  • Loans— borrowed money for college or career school; you must repay your loans, with interest
  • Work-Study—a work program through which you earn money to help you pay for school

 

Use FAFSA4caster to get an estimate of how much aid you might receive from the U.S. Department of Education.

The US DoE also offers a net price calculator to help you understand your costs after financial aid.

The U.S. Department of Education awards about $150 billion a year in grants, work-study funds, and low-interest loans to more than 15 million students. Federal student aid covers such expenses as tuition and fees, room and board, books and supplies, and transportation. Aid also can help pay for other related expenses, such as a computer and dependent care.