FINANCIAL AID

WHAT IS FEDERAL STUDENT AID?

Federal Student Aid offers students financial assistance in the means of grants and loans. Title IV refers to Federal Student Aid.

When you apply for financial aid, you may receive loans as a part of your school’s financial aid package. If you take a loan, you need to make sure to understand all about the terms and conditions of the loan. When it comes to student loans, they are offered by the federal government, private sources including a bank or financial institution, or even from other organizations. Loans or financial aid made by the federal government, Federal Direct Loans, generally come with more benefits than loans taken from banks or private sources.

Global Tech College also provides Federal Financial Aid Assistance for all students who qualify.
Our Programs are Title IV Approved Programs.

Federal School Code 042690

TAKE YOUR FIRST STEP TO JUMP-START A REWARDING CAREER!
Thank you for your interest in Global Tech College!
All OUR PROGRAMS ARE TITLE IV APPROVED PROGRAMS.

WE WILL CALL YOU TO DISCUSS YOUR ELIGIBILITY!


WHY FEDERAL STUDENT AID

Federal student loans are like your future investment and offer many benefits as compared to other options that you may consider while paying for college. Here are some of the benefits that you get with Federal Student Aid:

You get a fixed and a lower interest rate as compared with the financial aid with banks or other private sources.

There is no need to have a cosigner or credit check.

If you show financial need, the government will pay the interest on some types of loans while you are still in school and during some time after school.

Federal Student Aid offers flexible repayment options.

If you work in a specific profile and if you meet certain conditions, you could be eligible to have a portion of your federal student aid forgiven.

You don’t have to start repaying the federal student loan until you drop below half-time or until after you leave the college.

POINTS TO CONSIDER BEFORE APPLYING FOR FEDERAL STUDENT AID

Before you take out a Federal Direct Student Loan, you need to consider a few things. Although you don’t have to start repaying the student loan right away, you need to understand your repayment responsibilities immediately, to become a responsible borrower.

  • Keep a track of how much you are borrowing. You should only be borrowing the amount that you will be able to repay, without any extra burden.
  • Research about the starting salaries that you would get in your field. Get an idea about how much you can earn once you graduate. This will help you plan the repayment of the loan.
  • Understand the terms and conditions of the student federal loan and keep copies of your documents. Once you sign the Federal Direct Loan Master Promissory Note, you agree to repay the amount even if you don’t get a job, don’t complete the education, or didn’t like the education.
  • Making timely payments is always a good practice. Make sure to clear the loan payments on time even if you are not receiving the reminders or bills regularly.
  • Be in touch with your student loan servicer. Contact them once you graduate, leave the school, transfer to other schools, or when you change your details such as name, address, or even the Social Security number.

ELIGIBILITY FOR FEDERAL DIRECT STUDENT LOAN

Before you apply for Federal Student Aid, make sure to check the eligibility:

  • Demonstrate your financial need

  • Be a citizen of the U.S. or an eligible non-citizen

  • Have a valid SSN Social Security number (exception for students from the Federated States of Micronesia, the Republic of the Marshall Islands, or the Republic of Palau)

  • Be registered with the Selective Service, if you are a male (between the age of 18 and 25)

  • Maintain satisfactory academic progress in the college.

  • Sign the required certification statement on Free Application for Federal Student Aid (FAFSA®) form saying that: You are not in debt on a federal student aid. You do not owe any money on a federal grant. You will use the federal student loan for educational purposes only.

  • You are not in debt on a federal student aid.

  • You do not owe any money on a federal grant.

  • You will use the federal student loan for educational purposes only.

  • Show that you are qualified to obtain a career school or a college education by:

  • Having a diploma in a high school an equivalent General Educational Development (GED) certificate

  • Completing education in a high school in a homeschool setting that is approved under the state law

Some Federal Student Aid sources carry specific eligibility requirements in addition to the listed points above. Check with your career school or college’s financial aid office to know them further.

WHO CAN APPLY FOR FEDERAL STUDENT AID?

U.S. citizens and eligible non-citizens of the U.S. are eligible for Federal Student Aid for career school or college. It is imperative to understand the eligibility criteria of the aid, how to remain eligible, and how to get back your eligibility if you lose it.

Military Family Members

Both the federal government and nonprofit organizations offer money for college to veterans, future military personnel, active-duty personnel, or those related to veterans or active-duty personnel.

Homeless Students

If they meet the eligibility, homeless students can avail Federal Student Aid.

Non-citizens of the U.S

Many non-US citizens can qualify for Federal Student Aid. A permanent resident is one of the common categories of an eligible non-citizen. You would also qualify for this Aid if you are a U.S. national (natives of Swains Island or American Samoa)

Students whose parent was killed in Afghanistan or Iraq

If your parent died from military service in either Iraq or Afghanistan, especially after the events of 9/11, they are eligible for Federal Direct Student Loan.

Students who are or have been in foster care

If they meet the eligibility, students who are or have been in foster care can apply for Federal Student Aid.

Students with intellectual disabilities

Students with intellectual disabilities may be eligible for certain types of Federal Student Aid.

GTC offers equal opportunity to all and does not discriminate against applicants, students, staff or instructors in its educational programs or activities on the basis of race, color, national origin, age, disability, religion, sex, gender identity and orientation or any other characteristic protected under applicable federal, state or local law.
GTC offers equal opportunity to all and does not discriminate against applicants, students, staff or instructors in its educational programs or activities on the basis of race, color, national origin, age, disability, religion, sex, gender identity and orientation or any other characteristic protected under applicable federal, state or local law.

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Student Testimonials

Happy Global Tech Students

GTC was my first venture back into higher education since getting out of the military, and they have not only been extremely helpful as an education institution, but I have received more support from them than any physical campus I have ever attended. If you are unsure about school, GTC will make sure it goes as smoothly as possible for you to pursue schooling, and help you succeed and prepare you for many of the industry standards for higher education.

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Kevin Kidd

Phenomenal school. Phenomenal staff. One of the best school programs. No holds barred phenomenally amazing education for all who need help taking the first step. I will be forever grateful for the opportunities y'all have given me. I will be sending people your way!

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Vanessa Ortiz

My experiences with Global Tech College have been positive. With a friendly and approachable staff I can count on, I can successfully achieve my goals within my program. Everyone from my student advisor to my professors is always open to help whenever I need help. Global Tech College is also very understanding and works with me even with military obligations. I appreciate the knowledge, understanding, communication and recommend this school

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Sierra Farris