The Office of Financial Aid
The Financial Aid staff is ready to help you understand your options for paying for school.
Before you start your classes, you’ll meet with your Financial Aid Advisor. During the meeting, you’ll learn about financial aid programs, get assistance with your applications, and review all of the options available to you.
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FAFSA & Student Loans
Federal Financial Aid Explained
Because going back to school is a major decision, it’s important to understand your options. There are many different ways to pay for an education. And the most common methods are Federal Grants and Federal Loans. Major differences between these two programs are briefly explained below:
Federal grants are provided by the federal government and do not need to be repaid. Grants are distributed based on financial need. Types of grants include:
- Federal Pell Grants
- Federal Supplemental
- Educational Opportunity Grants
- Iraq & Afghanistan Service Grants
- Teacher Education Assistance for College & Higher Education Grants
Loans can come from the federal government, private sources, or other organizations. These loans must be repaid after the student graduates. Types of loans include:
- Direct Subsidized Loans
- Direct Unsubsidized Loans
- Direct PLUS Loans
- Direct Consolidation Loans
FAFSA School Code: 041851
Common FAFSA Questions
FAFSA stands for “Free Application for Federal Student Aid” and is filled out every year by current and future higher education students. It is the first step in the financial aid process, and mandatory in order to receive federal grants or loans.
Financial aid is available to any student who is enrolled in an eligible program at NTI and meets the basic eligibility requirements. Students applying for financial aid must:
- Demonstrate financial need.
- Be a US citizen or an eligible noncitizen.
- Have a valid Social Security number.
- Be registered with Selective Service, if you’re a male.
- Be enrolled at least half-time to be eligible for Direct Loan Program funds.
- Maintain satisfactory academic progress in college or career school.
- Sign the certification statement.
- Show they’re qualified to obtain a college or career school education.
The FAFSA process can be confusing and time-consuming. That’s why NTI’s Financial Aid Advisors are ready to answer any questions and assist you with every step. You’ll also find a summary of the process below:
Complete your FAFSA and submit
Fill out and submit your FREE application online through the FAFSA Website. An official FAFSA application is mandatory for anyone who wishes to receive federal grants or loans.
NTI’s FAFSA School Code is 041851
- Review & accept your financial aid offer
Once your application has been processed, you’ll receive details about your financial aid package. This will include information about grants, scholarships, or loans that have been awarded to you.
- Complete your entrance counseling
Students receiving a loan for the first time must complete these forms in order to be eligible to receive their aid package. You will learn about loans and how they can repay them.
- Receive your financial aid
When all forms are completed your financial aid will be disbursed directly to the school associated with your application. Any funds over the cost of tuition and course materials will be released directly to the student.
GI Bill® & Veterans
Veterans of the Armed Services are eligible for educational benefits from the U.S. Department of Veterans Affairs (VA). The student must apply for benefits directly with the VA, and NTI will certify the student’s enrollment and academic progress to the VA. During the education portion, the VA makes monthly payments to the student or school as appropriate based upon that certification.
Veterans with a service-connected disability and children/dependents of veterans who were disabled or killed in the line of duty may be eligible for even more generous benefits.
For more information about VA educational benefits, please contact the Department of Veterans Affairs at 1-888-GI BILL-1 (1-888-442-4551) or visit their website at: VA Educational Benefits webpage. GI Bill® is a registered trademark of the U.S. Department of Veterans Affairs (VA). More information about education benefits offered by VA is available at the official U.S. government Web site at https://www.benefits.va.gov/gibill/.
The GI Bill® has been helping those in America’s armed services pay for higher learning since 1944. The GI Bill® can be used for trade school education and on-the-job training programs offered at NTI. Schedule an admissions interview to learn more about how NTI helps veterans find life-long careers.