Our friendly Financial Aid advisors are ready to help you apply for Financial Aid!
I want to attend college. How do I pay for it?
Financial Aid is available to those who qualify. Our trained and knowledgeable Financial Aid advisors will be happy to assist you in applying and determining your eligibility. Financial Aid program guidelines are set by the United States Department of Education. For more information, see The Guide to Federal Student Aid published by the U.S. Department of Education:
The Guide to Federal Student Aid
Need-Based and Non-Need-Based Federal Financial Aid
Nevada Career Institute participates in several types of Federal Financial Aid programs. The need-based and non-need-based federal financial assistance programs available to qualifying students are as follows:
Federal Pell Grant Program
The Federal Pell Grant is a program for undergraduate students (those who have not earned a first bachelor's degree), who demonstrate the greatest financial need. Award amounts are based on a students' Expected Family Contribution (EFC), as determined by the U.S. Department of Education (ED).
Federal Supplemental Educational Opportunity Grant Program (FSEOG)
FSEOG Grants are limited to students with the greatest need, which is determined by the school. Priority is given to those students eligible to receive the Federal Pell Grant as determined by the Department of Education (ED).
Federal Work-Study Grant (FWS)
The Federal Work-Study program provides jobs for students with financial need, allowing them to earn money to help pay education expenses. The program encourages community service work related to the student's course of study. Funds under this program are limited and do not have to be repaid.
William D. Ford Federal Direct Loan (Direct Loan) Program
This program provides student loans from the U.S. Department of Education to enable a student to pay for education after high school. Eligible students borrow directly from the U.S. Department of Education at participating schools. Direct Loans include the following types of federal student loans: Direct Subsidized loans, Direct Unsubsidized loans, and Direct PLUS loans.
Direct Subsidized Stafford Loan
Subsidized Stafford loans are made to students who demonstrate financial need. The government pays the interest while students are enrolled and during authorized periods of deferment. Effective July 1, 2013, the Department of Education has a limit on how many years a "first-time borrower" may receive subsidized loans. Students will be eligible to receive subsidized loans for a period of time not to exceed 150% of the published length of the student’s current academic program. For questions regarding this regulation, you may contact the Financial Aid department at the phone number listed in the catalog.
Direct Unsubsidized Stafford Loan
An Unsubsidized Stafford loan is not awarded on the basis of financial need, and borrowers are responsible for all interest. Interest payments can be deferred while the borrower is in school, but the interest is added to the principal of the loan (capitalized) when repayment begins. Borrowers can choose to pay interest while in school, or periods of deferment, to avoid capitalization. These loans are also available to dependent students whose parent is unable to borrow the PLUS loan.
Parent Loan for Undergraduate Students (PLUS)
PLUS loans are available for parents borrowing for the education of dependent students. PLUS loan applicants must be U.S. citizens or eligible non-citizens, not be in default on any federal education loan or owe an overpayment on a federal education grant. Qualified parents can borrow up to the total Cost of Attendance*, minus any other aid received by the student. Unlike Stafford loans, PLUS borrowers are required to undergo a credit check.
College Payment Plans and Private Educational Loans
Nevada Career Institute offers a number of other options for students to fund their tuition. Students are encouraged to maximize the Federal Student Aid options for which they qualify before considering other forms of tuition funding.
- Nevada Career Institute offers a credit extension option, which includes a payment plan without interest where the balance must be paid within 12 months. There is no student FICO/credit requirement for the extension of credit.
- Nevada Career Institute, in some circumstances, may extend an interest-free payment option beyond the standard 12-month period. These payment extensions will be serviced by a third party.
- Nevada Career Institute works with private student loan lenders who offer competitive rate loans to students with qualifying credit scores. These loans tend to have repayment periods from approximately 5-15 years.
Discover the Nevada Career Institute difference! Call 1-702-209-0030 or visit the campus today!
*Cost of Attendance (COA): The total cost to attend school for the academic year, as determined by your school.