What You Need to Know About Federal Financial Aid Eligibility

CoinsObtaining training, such as that offered through vocational programs at HVAC Technical Institute, makes a lot of sense if you want to enter a rewarding and satisfying trade. Beginning a new educational venture brings a lot of questions, and many of those concerns center around funding school and paying for related expenses.

One means to gain access to funds is applying for federal financial assistance through the United States Department of Education. Recipients can receive grants and loans to help pay for some, most, or even all of their educational costs. However, recipients must qualify to receive funds—and you’ll find the information you need below to discover if you qualify for aid.

Be an American Citizen or Qualifying Non-Citizen

In general, federal financial assistance for the purpose of attending post-secondary institutions is limited to citizens of the United States. However, some individuals with permanent residency status are also eligible to receive financial aid. Currently, no undocumented immigrant of any standing may receive financial assistance from the US Department of Education.

Registered With Selective Service

All males between the ages of 18 to 25, with only a few exceptions, must be registered with Selective Service before being permitted to receive federal aid. Fortunately, if you haven’t registered with Selective Service, it is easy and fast to do as long as you are still under age 26.

Just go to the Selective Service System to complete an online form. If you are over age 26 and never registered, you will need to contact the financial aid office at your desired institution of study to move forward with the application process.

Be Enrolled as a Regular Student for at Least Half the Time

While part-time students may be eligible to receive financial assistance, they must be enrolled in enough class work that would provide them with half-time standing. Of course, depending on the career training school where you wish to enroll, less than full-time enrollment may not be an option, so be sure to understand the specific policies of prospective institutions.

In addition, students must be considered “regular” and not enrolled in a special option that does not lead toward a certificate, degree, or diploma. It is important that you find out from your institution of choice if you will be a regular student as long as you enroll in a standard program of study.

Maintain Satisfactory Progress Toward Your Certificate, Degree, or Diploma

Federal financial aid is only awarded to students who demonstrate a continued ability to succeed in their studies. This standard is defined by whatever institution you wish to attend, so be sure that you find out what you need to do to maintain satisfactory progress or good academic standing. Also, be sure to educate yourself about academic probation and what you can do to regain lost financial aid if it is withheld.

Be Current in Repaying Past Student Loan Debt

Another factor that must be met before being eligible to receive student aid is being current in all student loan obligations. If you have received past financial assistance and have defaulted on your debt payments, then you cannot obtain new aid. Be sure not to let yourself be derailed by past financial aid debts if you are looking to begin a new career program. Work with the lender to determine how you can restore your paying status to “current”.

In some cases, you may be able to defer these loans to help alleviate your burden while you are still in school.

 

If you have any other questions about receiving financial assistance for your vocational training, speak to a financial representative from your chosen institution.