Types of Financial Aid

The Art Institute of Dallas participates in federal and other financial aid programs.

Financial Aid is divided into three general categories:

Gift Aid
These are grants, scholarships, and other benefits that do not have to be repaid. Most grants are based on financial need, as determined by a federal formula, and are given by the federal or state governments; most scholarships are based on criteria such as grades or affiliations or other criteria, and may or may not also include a financial need component; most benefits are based on a combination of criteria.

Federal Pell Grants

• Federal SEOG (Supplemental Education Opportunity Grant)
• Art Institute Scholarships
• Other Scholarships
• Vocational Rehabilitation
• Veterans Benefits
• Tax Benefits

Loans
Loans do need to be repaid; repayment can usually be delayed until several months after the student leaves school. Some loans, such as Federal Stafford loans, are given to students in their own names; some loans, such as Federal PLUS loans are given to parents of dependent students. Some loans are based on the student's financial need; some loans require a credit check; some loans are available regardless of income. There are alternative education loans, given by private lenders to students, which may or may not require a cosigner.

• Federal Subsidized Stafford Loan
• Federal Unsubsidized Stafford Loan
• Federal PLUS Loan (Parent Loan for Undergraduate Students)
• Alternative Loan
• Home Equity Loan

Work
Some students choose to work to help pay their living expenses while attending school. The Art Institute of Dallas participates in the Federal Work-Study program, and also assists students to find part-time jobs in the community.

• Federal Work-Study
• Part-time job assistance