We strive to make higher education an attainable goal for everyone. At Gallipolis Career College, numerous options for financing your education are available, including financial aid, loans, tuition reimbursement and others. Financial options, including financial aid, are available to those who qualify.
During a personal interview, a step-by-step overview that includes definitions of financial aid terms, eligibility information and more is available.
Questions regarding defaulted student loans or any other financial aid matters should be directed to the Financial Aid department at (740) 446-4367 or (800) 214-0452.
Our FAFSA School Code is 030079
The Federal Pell Grant Program provides need-based grants to low-income undergraduate students to promote access to postsecondary education. Grant amounts are dependent on: the student’s expected family contribution (EFC) (see below); the cost of attendance (as determined by the institution); the student’s enrollment status (full-time or part-time); and whether the student attends for a full academic year or less. Students may not receive Federal Pell Grant funds from more than one school at a time. Financial need is determined by the U.S. Department of Education using a standard formula, established by Congress, to evaluate the financial information reported on the Free Application for Federal Student Aid (FAFSA) and to determine the family EFC. The fundamental elements in this standard formula are the student’s income (and assets if the student is independent), the parents’ income and assets (if the student is dependent), the family’s household size, and the number of family members (excluding parents) attending postsecondary institutions. The EFC is the sum of: (1) a percentage of net income (remaining income after subtracting allowances for basic living expenses and taxes) and (2) a percentage of net assets (assets remaining after subtracting an asset protection allowance). Different assessment rates and allowances are used for dependent students, independent students without dependents, and independent students with dependents. After filing a FAFSA, the student receives a Student Aid Report (SAR), or the institution receives an Institutional Student Information Record (ISIR), which notifies the student if he or she is eligible for a Federal Pell Grant and provides the student’s EFC.
Federal Direct Loan Eligibility
How to Apply for Student Loans
The Direct Loan Program is one of the Federal Student Aid (FSA) programs offered by the Department of Education, and it provides students with a simple, inexpensive way to borrow money to pay for education after high school. You apply for student loans by filling out the Free Application for Federal Student Aid. This application is available at Gallipolis Career College.
Repayment of Federal Student Loans
Federal Students loans are repaid to the U.S. Department of Education. Generally, you’ll have from 10 to 25 years to repay your loan, depending on the repayment plan that you choose. Your monthly payment amount will be based on how much you borrowed and how long you take to repay. You may choose one of four repayment plans.
Federal Direct PLUS Loan for Parents of Dependent Students
PLUS Loans are low-interest loans for parents to help their children who are dependent students meet college costs. With a PLUS LOAN, a parent of a dependent student can borrow up to the cost of the student’s education minus other financial aid the student receives.
The interest rate for loans disbursed between July 1, 1998, and June 30, 2006, will continue to be adjusted each year on July 1, though for Stafford loans it will never be higher than 8.25%. However, Stafford loans disbursed on or after July 1, 2006, have a fixed interest rate of 6.8%, with the exception that subsidized loans disbursed on or after July 1, 2008, to undergraduate students will have an interest rate of 6.00%. Direct PLUS Loans have a fixed rate of 7.9%.
You may be eligible for $1321/month for school from the GI Bill. To apply online go to: vabenefits.vba.va.gov/vonapp/main.asp. If you don’t have the capability to apply online, you can call 1-888-GI BILL-1 (1-888-442-4551) to have a form mailed to you. You may also receive an application form at the school or training establishment you wish to attend. The VA Certifying official at the school (usually located in the Registrar’s or Financial Aid office) should have the forms available, can assist you in filling them out, and will submit them to the VA on your behalf.