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 studentaid.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.
Types of Financial Aid
Grants are state or federal money that is considered gift aid.
Repayment is not required, unless you fail to complete the attempted classes or get a job in related field.
Award Criteria vary, as candidates must show greatest financial need.
A loan is money you borrow from government or private lenders.
Repayment plus interest is required.
Award Criteria vary, as candidates must be within loan debt limits.
A Scholarship is gift aid awarded to students by the ACI.
Repayment is no required, unless you fail to complete attempted classes or get a job in related field.
Award criteria vary, as candidates must qualify for scholarship.
There are various military assistance available.
Repayment is no required, unless you fail to complete attempted classes.
Award Criteria vary; the candidate must be qualified.
Frequently Asked Questions
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.
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.
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.
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.