ACT is here to answer your questions.
Lindita Corri
ACT Graduate
"While I was attending ACT, everyone went above and beyond to help me succeed in school. The admission rep, financial reps and the instructors made me feel valued as a student."
Financial Aid
Your Financial Plan
Financial barriers should never stand in the way of your education. That's why Advanced Career Training has a caring financial planning staff to assist you in removing those barriers.
Financial aid for college students is available in the form of grants and loans, some of which are explained in more detail below.
Many ACT students and their families use financial aid to help pay for training, but it is important to realize that college financial aid is available only to those who qualify.
Applying for Financial Aid
You will be provided with financial aid documents, including a Free Application for Federal Student Aid, as you go through the enrollment process.
Federal Financial Aid Programs Available to Students:
- Subsidized Federal Stafford Loan
- A Subsidized Federal Stafford Loan is a low-interest loan made by a lender (bank, credit union, or savings and loan association) to students. The federal government pays the interest during school attendance, for a six-month grace period following school attendance and during any periods of deferment. Eligibility for a Subsidized Stafford Loan is based on financial need.
- Unsubsidized Federal Stafford Loan
- An Unsubsidized Federal Stafford Loan is a low-interest loan made by a lender (bank, credit union, or savings and loan association) to independent students. A student does not have to demonstrate financial need in order to obtain this loan.
- Federal PLUS Loan
- Federal PLUS Loans are low-interest loans made by a lender (bank, credit union, or savings and loan association) to the parents of a dependent student. The loan application is subject to lender credit approval.
- Federal Pell Grants
- A Federal Pell Grant is an award that does not have to be repaid. Funds are awarded to students with exceptional financial need.
- Federal Supplemental Educational Opportunity Grant (FSEOG)
- An FSEOG is an award that does not have to be repaid. FSEOG funds are allocated to ACT by the federal government and available funds are limited. Funds are awarded to students with exceptional financial need.
- Federal Work-Study Program
- The Federal Work-Study Program allows eligible students to work part-time to meet a portion of their educational expenses. These funds are allocated to ACT by the federal government and available funds are limited. Application for a work-study position will be accepted once the student has started school.
- Private Alternative Loan Programs
- Private loan programs are designed to provide students and parents with loans beyond what federal loan programs offer. Loan applicants are evaluated based on their credit history and other factors. The loan interest rate and fees will vary, depending on the applicant's credit history.
