Students aren’t on their own when deciding how to pay for college: financial assistance in Arizona, from the federal government, private loans, or scholarships can provide a great deal of financial help to students.
There are many scholarships and grants for college available – all students need to do is apply. At Arizona Automotive Institute (AAI), our goal is to assist you as you consider financial aid options and to provide the information to make an informed decision. We will work with you to make career training an affordable investment in your future.
Financial Aid is available to those who qualify.
There are many options for obtaining student financial aid. The most basic way is by completing the Free Application for Federal Student Aid or FAFSA.
Federal Financial Aid
Federal Student Aid is an important part of the overall financial aid landscape, as other forms of financial aid could require you to complete the FAFSA first. In addition, it’s important to fill out this information accurately and correctly because mistakes can be difficult to fix and could delay aid disbursement.
Financial aid could come in several formats based on the government’s analysis of a student’s financial situation. The most basic form of financial aid is a grant, like a Pell Grant. While each grant program comes with its own eligibility criteria, the premise is the same: it’s money given to you. In most cases, you will not have to pay back this money as long as you follow the terms of the grant.
Another common form of federal aid is loans, which are available in a handful of types:
- Subsidized – the interest on these loans are paid by the government during the eligible period outlined in the loan’s conditions
- Unsubsidized – Interest on these loans must be paid for by the student. There are a few options regarding how and when these can be paid for.
- Parent PLUS – These loans are liable to the parents of the student, not the student themselves.
Our financial aid team can answer any questions you may have about the process.
Students could also receive aid in the form of work-study authorization. This is a unique form of financial aid where students ‘earn’ the aid by working through school. It comes with a unique set of requirements and safeguards.
For all of these, remember to apply as soon as possible. The FAFSA application is generally open for two years, from Oct 1st of year 1 to June 30th of year 3 (For example, October 1, 2018, to June 30, 2020, for the 2019-2020 school year). Students should apply as early as possible, as federal funds could be limited for some financial aid programs.
There are many financial aid programs available, and one of our advisors will be happy to discuss how to apply for financial aid. Please feel free to contact us at any time to schedule a consultation with a member of our financial aid team.
Arizona Financial Aid
The state of Arizona offers a variety of financial aid programs. Requirements for these programs vary – some are only eligible for state residents, while others are open to all. Our financial aid team can help you determine which programs you could be eligible for.
State websites also provide additional information about Arizona’s financial aid programs. The US Dept. of Education has compiled a list of these helpful official websites. Additional information is available on Pay4CollegeArizona, the Arizona State government’s site for financial aid.
These scholarships for students are offered by agencies and organizations not affiliated with the government. Private groups offer scholarships for different reasons, and new scholarship opportunities are coming out every day. Since these scholarships come from private institutions, they could be available for almost anything. Some more common criteria include:
- Academic Performance
- Athletic Ability
- Religious Affiliation
- Native American Affiliation
- LGBTQIA Affiliation
This is far from a complete list – there are thousands of private scholarships out there, each with their own sets of qualifications. There’s money out there for school – one just need apply!
We proudly support our veteran students. We can help you apply for VA benefits that you qualify for. For more information about what may be available to you click here. Our admissions representatives are standing by to talk through this with you.
Talk To a Financial Aid Advisor Today!
AAI knows financial aid can be complex and confusing. We’re here to help along the way – Every campus visitor is invited to meet with our financial aid department for a personalized consultation where you can ask questions and develop a clear understanding of the available financial aid options. We work with you to make career training an affordable investment in your future.
Find out more and book your consultation with our team today!
Net Price Calculator
In accordance with the Higher Education Opportunity Act of 2008 (HEOA) and the U.S. Department of Education, schools participating in Title IV federal student aid programs must provide a net price calculator on their websites that provides estimated pricing information to current and prospective students and their families, based on those students’ individual circumstances. A net price calculator is required for all Title IV schools that enroll full-time, first-time degree- or certificate-seeking undergraduate students.