Our Financial Aid department specializes in making it as easy as possible for you to afford your training. For many students, that means helping to identify financial aid sources like loans, grants, payment plans and scholarship programs.

We're so sure we can help you that we make this promise: If we're unable to develop your personal financing plan, we'll refund any payments you've made before starting school.

The Federal Pell Grant is a primary source of student assistance. A Federal Pell Grant does not have to be repaid, unless you fail to complete your period of enrollment. Pell Grants are awarded to undergraduate students who have not yet earned a bachelor's or professional degree.

For the 2006-2007 award year (July 1, 2006 - June 30, 2007) awards range from $400 to $4050. How much you will get depends, not only on your financial need, but on your cost of attending school, whether you are a full-time or part-time student, and whether you attend school for a full academic year or less.

Federal Pell Grant funds will be applied directly to your education costs. Triangle Tech will notify you in writing how and when you will be paid and how much your award will be. Federal Pell Grant funds will be disbursed once per term.

A Federal Supplemental Educational Opportunity Grants does not have to be repaid, unless you fail to complete your period of enrollment. This grant is for undergraduate students with exceptional financial need.

At Triangle Tech, you can receive between $100 and $600 a year if you qualify, depending on when you apply, your level of need, and the funding available at the school.

Triangle Tech will apply FSEOG funds directly to your school costs. We will notify you in writing how and when you will be paid and how much your award will be. Federal SEOG funds will be disbursed once per term.

The PHEAA state grant program provides grants to eligible Pennsylvania residents who are in need of financial aid to attend a PHEAA approved school as undergraduate students.

In order to qualify for a PHEAA state grant you must:

A Federal Perkins Loan is a low interest (5%) loan for students with exceptional financial need. Your school is your lender and the loan is made with government funds. You must repay this loan to your school.

Triangle Tech has established a maximum award of $2,400 and a minimum award of $300 per academic year.

Triangle Tech will apply Federal Perkins funds directly to your school costs. We will tell you in writing how and when you will be paid and how much your award will be. Federal Perkins loan funds will be disbursed once per term.

Direct and FFEL Stafford Loans are the Department of Education's two major loan programs. The Direct Stafford Loan program disburses funds directly from the federal government. The Federal Family Education Loan program (FFEL Stafford) disburses funds from a bank, credit union or other lender that participates in the FFEL Stafford program.

If you're a dependent undergraduate student, you can borrow up to the following amounts:

The interest rate effective on 7/1/06 for all new federal Stafford loans is a fixed rate of 6.8%.

After you graduate, leave school, or drop below half-time enrollment, you have six months before you must begin repayment. This is called a grace period. During your grace period, you'll receive information about repayment and will be notified of the date repayment begins. However, you are responsible for beginning repayment on time, even if you don't receive this information. Payments are usually due monthly.

Parents who do not have a bad credit history can borrow a PLUS Loan to pay the education expenses of a child who is dependent student enrolled at least half time in an eligible program at an eligible school.

To be eligible for a PLUS loan, your parents will be required to pass a credit check. A parent can not be turned down for having no credit history, only for having an adverse one. If your parents don't pass the credit check, they might still be able to receive a loan if someone, such as a relative or friend who is able to pass the credit check, agrees to co-sign the loan. A co-signer promises to repay the loan if your parents fail to do so. Your parents might also qualify for a loan even if they don't pass the credit check as long as they can demonstrate that extenuating circumstances exist.

The yearly limit on a PLUS Loan is equal to your cost of attendance minus any other financial aid you get.

The interest rate effective 7/1/06 for all new federal PLUS loans is a fixed rate of 8.5%.

The first payment is due within 60 days after the final loan disbursement for the year. There is no grace period for these loans. Interest begins to accumulate at the time the first disbursement is made, and your parents will begin repaying both principal and interest while you are in school.

Installment Payment Plan (IPP)

Triangle Tech's IPP Plan enables you to make regularly scheduled monthly payments of all or a portion of your tuition and fees free of interest or finance charges. In addition, IPP allows you to determine how much of your tuition, fees, books and supplies you want to pay in installments. This feature affords you the ability to budget costs as best fits your personal circumstances. The sooner you get started, the lower your monthly payments.

Triangle Tech awards one scholarship for each of its Associate in Specialized Technology degree programs annually. Candidates should demonstrate outstanding achievement, talent, or leadership qualities. Financial need is not a consideration in determining these awards.

Application forms and complete details can be obtained by contacting any Triangle Tech location or by calling

1-800-874-8324. High school students may obtain an application from their guidance counselor.

Many civic clubs, professional organizations, labor unions and private businesses offer scholarships and other types of aid to students. All scholarship announcements received by the school are posted on student bulletin boards throughout the school. The financial aid office will also assist you in locating private scholarship opportunities on request. High school students may contact their guidance counselor to learn more about privately sponsored financial aid opportunities.

Imagine America Scholarship

The award-winning Career College Foundation (CCF), Imagine America scholarship program helps thousands of high school seniors each year to pursue a postsecondary career education at hundreds of career schools across the United States. Each year, every high school in the United States and Puerto Rico can select up to three graduating seniors to receive a $1000 Imagine America Scholarship. High school students applying for admission to Triangle Tech should check with their high school guidance office for more information.

Imagine America - Military Award Program (MAP)

The Imagine America -Military Award Program (MAP) is a national aid program established by the Career College Foundation (CCF). Triangle Tech offers 15-$1000 (MAP) career education awards which are available annually to any eligible active duty and honorably discharged or retired veteran of a United States military service branch for attendance at Triangle Tech. Students also must meet Triangle Tech’s standard admissions requirements for the requested program of study. MAP certificates are non-transferable, non-negotiable and non-refundable and have no cash value. Only one certificate will be awarded to each eligible recipient.

Worksmith Institute Scholarship

The Worksmith scholarship program is intended to assist Pennsylvania students in post-secondary education who have exhausted all other sources of tuition assistance including PHEAA, PELL, SEOG as well as parental/spousal contributions. Before a student finds it necessary to drop-out of school for unmet need, he/she may apply to Worksmith Institute for assistance. Funds are limited and all awardees are selected by the Worksmith Institute.

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