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ADMISSIONS ~ Financial Aid
To allow students to concentrate on their educational objectives and career growth, students receive individualized assistance prior to beginning their program regarding the variety of tuition payment options. Federal financial assistance is available to those students who qualify. Students must be enrolled prior to applying for financial assistance. To determine the extent of financial need, income, assets and other resources are taken into consideration.
Divers Academy International is a Direct Lending institution which means financial assistance forms will be issued and processed directly by the school during enrollment. The Academy works with each student individually to develop the most attractive financial assistance program available. Financial assistance programs are available only to United States citizens and eligible non-citizens.
Divers Academy International is approved for participation in the Federal Student Aid Program. Students seeking financial assistance must first complete a Free Application for Federal Student Aid (FAFSA). Based on a standard formula approved by the federal government, the student’s need for assistance is determined. The financial assistance forms and loan applications are mailed to students with their acceptance packages.
Please contact our financial aid office for more information and assistance in completing the forms to ensure accuracy of information and smooth processing of applications
Students may qualify for one or more of the following financial aid programs:
Federal Family Education Loan Program (FFELP)
The Federal Stafford, Federal PLUS, Federal SLS, and Federal Consolidation Loan programs deliver and administer guaranteed education loans (borrowed money which must be repaid) for students and their parents to be used for postsecondary education and training. They are funded by private lenders, guaranteed by guarantors, and reinsured by the Federal government. The application process begins with completion of the Free Application for Student Financial Aid (FAFSA).
Pell Grant
Eligibility is determined from financial information submitted on the FAFSA application. Grants are monies that do not have to be paid back.
Stafford Loan Program Direct Student Loan (Subsidized and Unsubsidized)
Repayment must begin six months after completion or end of training. Loans are borrowed monies that must be repaid with interest.
Loan to Parents (PLUS)
This loan is for the parents of dependent students only. Loans are borrowed monies that must be repaid with interest.
Gap Funding Loans
A personal loan is available through SLM Financial, a Sallie Mae Company. This is to assist students with the training costs that Federal Financial Assistance will not cover. Loans are borrowed monies that must be repaid with interest.
Veterans Education Assistance (VA)
A variety of programs are available to eligible veterans. Call the financial assistance office for the necessary forms or contact your local VA office for assistance. Additional information about qualifying for financial aid may be obtained from the Financial Aid Office. |