To make your education at International Academy more affordable, our Financial Aid Office can help you identify, understand and qualify for a variety of financing and financial aid options. Available assistance includes federal financial aid programs and other aid, such as military education benefits, scholarships, and tuition benefit programs.
Federal Financial Aid Programs
Federal financial aid programs are available for students who qualify. These include both grants, which do not need to be repaid, and loans, which must be repaid after six months from your last date of enrollment.
•Federal Grants. Federal financial aid grants, such as Pell and FSEOG do not have to be repaid as long as the student meets specified requirements.
•Federal Loans. Federal loans are also available to help finance your education. These loans offer funds at a reduced interest rate or with deferred payments. However, loans are borrowed funds that must be repaid.
International Academy’s mission is to help people improve their lives through education. In this effort, our Financial Aid Team works diligently to access any and all funding sources available to the individual student. Each enrolling student meets confidentially with a Financial Aid Counselor to discuss student need, budgets, and qualifications for Federal Student Aid.
The Net Price Calculator (see below) is a tool that you can use to estimate your “net price” to attend a particular college or university. Net price is the difference between the full cost to attend a specific college, minus any grants and scholarships for which you may be eligible. This cost includes direct charges (tuition and fees, room and board) and indirect costs (books and supplies, transportation, and personal expenses).
Remember…..Direct charges are set by the school and normally don’t change without notice. Indirect costs (off- campus room and board, transportation and personal expenses) can range because of the preference and living style of the individual student (For example, a monthly car payment on a used Chevy is going to be significanlty different that a new BMW). Thise should be kept in mind when reviewing college “net price” calculations which include costs other than tuition and books.
Employer Tuition Assistance
Many companies provide tuition benefits to their employees in the form of either direct payment to the school or by reimbursing tuition expenses directly to the employee/student. Please check with your company’s Human Resources or Training and Education department for more information about the education benefits available to you.
Military Educational Benefits
There are a number of opportunities provided both by the government for active duty military and veterans to finance their education. Certifying Officials on campus will guide you through the application process. Click here for more information.
A scholarship is a financial aid award given based upon prior academic achievement or a range of other non-academic criteria. Scholarships do not need to be repaid.
The International Academy participates in the ACE GRANTS
program sponsored by AACS
. This program is only available to “newly” graduating high school seniors. Inquire with the Financial Aid office if interested. In addition, Industry Scholarships
are kept updated by our Financial Aid staff to ensure our students with the utmost assistance in financing their education.
A number of Web sites offer students information and the opportunity to search thousands of scholarships to find ones for which they qualify (including other military scholarships). To begin your search for scholarships, visit the Department of Education’s Web site by clicking here.
Please note that the loan cost offered by such lenders may not be the lowest available. Students are encouraged to visit lender websites in order to find the rates, terms, and services that are right for them. Students considering private loans should realize that they may qualify for loans or other assistance under Title IV (federal financial aid). The terms and conditions of loans made, insured, or guaranteed under Title IV may be more favorable than the provisions of private education loans. For more information on federal financial aid programs, please visit http://studentaid.ed.gov.
At International Academy, we are committed to providing students the best customer service and information regardless of the choice of lender. However, International Academy is not a lender and is not providing legal, accounting, or financial planning services. Any agreements entered into with lenders exist solely between the lender and the student, and International Academy assumes no obligation or liability in connection with any of those agreements. That is why International Academy recommends that students consult with their own advisors before making educational financing decisions.
International Academy In-House Payment Programs
International Academy offers it’s students zero interest in-house payment programs in addition to the above illustrated funding services. Affordable contracted payment schedules are available for persons wishing to pay their tuition on their own or to supplement their payment schedule along with other payment options offered. Inquire with the Financial Aid Department
for more details.
International Academy Financial Aid Code of Conduct
International Academy expects the highest levels of professionalism and ethical behavior from all of its officers and, employees, whose responsibilities include student financial aid matters.
Our Financial Aid Code of Conduct prohibits conflicts of interest on the part of both the Academy and individual employees regarding Title IV loans.