About Federal Aid
Eligibility
To receive Federal Aid, you must meet the following eligibility
requirements. If you have any questions about these requirements
or if you think you may not meet one of them, please contact
the school's Student Financial Services office at 800-474-2479.
- Not be in default
on a prior Federal education loan, or owe a repayment on
a prior Federal grant
- Possess a High
School diploma or GED
- Be enrolled
or accepted for enrollment as a regular student working
toward a degree or certificate in an eligible program
- Be a US citizen
or eligible non-citizen
- Have a valid
Social Security number
- Make satisfactory
academic progress (continuing students)
- Be registered
with Selective Service, if required
- Not have been
convicted of certain drug offenses
- Sign a statement
of educational purpose and a certification statement on
overpayment and default (both found on the FAFSA)
Determining
dependency status
If you can answer "Yes" to any of the questions below,
you will be considered "independent" for Federal Financial
Aid purposes, and your parents will not need to answer the parent
questions on the FAFSA. If you answer "No" to all
of these questions, you are considered to be "dependent"
for Federal Financial Aid purposes.
- Will you be
24 years old by December 31 of the award year?
- Are you married?
- Are you supporting
legal dependents other then a spouse?
- Are you an orphan?
- Are you a ward
of the court?
- Were you a ward
of the court until age 18?
- Are you a veteran
of the US Armed Forces?
How Federal
aid is awarded
When you complete the FAFSA (Free Application for Federal
Student Aid), and indicate The Art Institute of Phoenix as
one of your school choices, we will be able to receive an
ISIR (Institutional Student Information Report) electronically.
The ISIR will contain an EFC - Expected Family Contribution.
The EFC is determined by a set Federal formula, and relates
to the amount that you (and your parents, if you are a dependent
student) might be expected to pay for direct and indirect
costs for one academic year. The EFC, in relation to your
costs, is used by the school to determine your eligibility
for the Federal Pell Grant, the Federal SEOG, the Perkins
Loan, and the Federal Subsidized Stafford Loan. These aid
types are referred to as "need based" aid.
For
Important Financial Aid Information & Links to online
applications click here.
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