The cost of your education shouldn't prevent you from taking that next step toward a better life. If qualified, multiple resources are available to help you pay for your education! At IDEAL Institute of Technology, we are committed to helping you explore and understand these resources to your benefit.
You Have Options. Let's Work Together to Find Out What's Right for You!
Taking the first step in choosing your career path, and continuing your education, is one of the most rewarding investments you will make in life. The Financial Aid Office strives to provide the highest quality service to students and families in maintaining a comfortable atmosphere while discussing the logics of the Financial Aid Process. You will have a clear picture of what it will realistically cost to attend school and begin your journey to success! The Financial Aid Office provides counseling to students and families to ensure that understanding of all costs and process. It will also be explained on how each fund source relates to the student's associated with financing an education. Our Financial Aid Administrators are available about how financial aid will be packaged and the steps needed to ensure we have all that is needed to determine if you are approved for the process at your convenience and prepared to answer any questions for you throughout each step of the process.
Apply Now
Aid comes in a variety of ways.
Here's a look at the different choices that might be available to you.
When it comes to paying for your education, chances are you might have more options than you think. Cost such as tuition, books, uniforms, supplies, exam fees can be covered by Federal Student Aid if you qualify. That aid can come in form of grants and loans. ITNJ is here to help you understand your options.
Federal Pell Grants
Unlike loans, grants do not have to be paid back. Federal Pell Grants provide funding to the two most eligible students without a bachelor's or professional degree/duration. These students typically display exceptional financial need. Although not everyone qualifies for this need-based grant, all students should apply for the FAFSA to see if they qualify. For the award year beginning July 1, 2023, through June 30, 2025, the maximum Federal Pell Grant award is $7,395.
Federal Subsidized Direct Loan
Direct Subsidized Stafford Loans are loans for undergraduate students. The Department of Education pays for the interest if you are in school at least half-time, during your grace period, and if a loan is in a period of deferment.
Federal Student Loans Programs
ITNJ students (and their parents if the student is a dependent) who apply for Direct Stafford and PLUS loans. Under the Direct Loan Program, the school for your loan are offered to pay the U.S. Department of Education.
Federal Unsubsidized Direct Loan
Direct Unsubsidized Stafford Loans are loans for undergraduate students that start accruing interest the moment the loan is disbursed. Students are responsible for the interest over the life of the loan. Interest is added to the principal in school, during your grace period, and if a loan is in a period of deferment.
Direct PLUS Loans
Direct PLUS loans are for parents to help pay the college expenses of their undergraduate student child. The deferment is requested, payments of an loan is to be made while the student enrolls in school are for an additional six months after they graduate, leave school, or drop below half-time enrollment. Students who are dismissed from their program. Without a deferment, parents are expected as soon as the loan is disbursed.
Financial Aid Office Hours:
Monday: 9:00 a.m. - 5:00 p.m.
Tuesday: 9:00 a.m. - 5:00 p.m.
Wednesday: 9:00 a.m. - 5:00 p.m.
Thursday: 9:00 a.m. - 5:00 p.m.
Friday: 9:00 a.m. - 5:00 p.m.
Contact Information:
Financial Aid Department
Phone: (609) 318-8008 ext. 114
Questions?
Our Financial Aid Advisors are committed to helping you discover all opportunities you qualify for when it comes to paying for your school. That's why we're standing by for your call. Speak with our team today and learn more about options. We're here for you.
Call Now: 609-318-8008