FINANCIAL AID




Types of Financial Aid
Below is an overview of financial aid awarded to Austin Career Institute students.

 Type Details Repayment Required? Award Criteria
 Grants  State or federal money that is considered gift aid.  No, unless you fail to complete attempted classes or get a job in related field.  Varies, must show greatest financial need.
 Loans  Money you borrow from government or private lenders.  Yes, plus interest.  Must be within loan debt limits.
 Scholarships  Gift aid awarded to students by the ACI.  No, unless you fail to complete attempted classes or get a job in related field.  Varies, must qualify for scholarship
 Military assistance  There are various military assistance available  No, unless you fail to complete attempted classes.  Must be qualified


HOW DO I APPLY FOR FINANCIAL AID?
The United States government offers more than $100 billion dollars in federal student aid funding to cover tuition, books, materials, and other coursework necessities. The fastest way to apply for financial aid is by logging on to www.fafsa.ed.gov. By filing your free application for Federal Student Aid (FAFSA) online, you ensure its accuracy and the information goes directly to the federal processor, which means you receive your Student Aid Report sooner. It’s fast, convenient, and user friendly. If you require a paper application, you may contact Austin Career Institute financial aid office and one will be mailed to you. Upon request from the Financial Aid Office, you may need to provide additional documents such as student and/or parent tax returns, verification of untaxed income or other documents required to determine eligibility.
How much assistance do I qualify for?
Your eligibility base is determined by subtracting your Effective Family Contribution (EFC) as determined by your Student Aid Report, and from the cost of attendance for your course of study. Cost of attendance includes tuition and fees, books and supplies, housing, personal and transportation costs. Charges for tuition and fees can be found in the Tuition & Fees section of the Austin Career Institute Catalog. These costs are subject to change. Additionally, students may apply to Austin Career Institute scholarship program and may be eligible for grants, or other sources of funding and loans through several government and non-profit agencies.
Is Pell Grant a loan?
Because the federal Pell Grant is not a loan, it does not need to be repaid. This makes it an outstanding option for qualified students.
What if I don’t qualify?
Do your parents or guardians have excellent credit? The federal government offers loans they can take out to help you complete your Diploma, Certificate, or Degree coursework.
When will I know?
The Financial Aid Office will mail or email your award notification approximately 2-3 weeks after receipt of your Student Aid Report, only if you have already been accepted for admissions to Austin Career Institute. The decision to get an education is one of the best decisions you can ever make. Still, we understand the process can feel stressful, especially when it comes to the financial side of things. That’s why we have an amazing Student Financial Services team in place … experts who can cut through the confusion, guide you through the entire process, and even help you fill out the paperwork. Feel free to stop by, schedule a visit or give us a call; our team is available to help walk you through the Financial Aid process step by step. Remember – in addition to financial aid, we have many scholarships available to compensate tuition costs and support you through this amazing journey! We look forward to meeting with you in the Financial Services Office.
What Millitary Assistance can I use for education?
CLICK HER FOR NET PRICE CALCULATOR