FINANCIAL AID INFORMATION: AUTOMOTIVE & DIESEL TECHNOLOGY
Financial Aid is available for Automotive and Diesel Technology students who qualify. Jones Technical Institute participates in a variety of financial aid programs supported by the U.S. Department of Education. The objective of these programs is to provide funds for students who would not otherwise be able to continue with their education. Students must meet eligibility requirements in order to participate.
Jones Technical Institute administers its financial aid programs in accordance with prevailing federal and state laws and its own institutional policies. Students are responsible for providing all requested documentation in a timely manner. Failure to do so could jeopardize the student’s financial aid eligibility.
In order to remain eligible for financial aid, a student must maintain satisfactory academic progress as defined in the J-Tech Catalog. It is recommended that students apply for financial aid as early as possible in order to allow sufficient time for application processing. Financial aid is awarded on an award-year basis; therefore, it may be necessary to re-apply for aid for each award year. Students may have to apply for financial aid more than once during the calendar year, depending on their date of enrollment. Students who need additional information and guidance should contact the Financial Aid Office.
APPLYING FOR FINANCIAL AID
Individuals interested in applying for financial aid must meet with a Financial Aid Officer at the campus. Individuals must fill out the Free Application for Federal Student Aid (FAFSA) and other paperwork required by the Financial Aid Office.
For financial aid eligibility purposes and fulfillment of entrance requirements, students without a high school diploma or GED who were enrolled in an eligible program at a Title IV eligible institution prior to July 1, 2012, and gained admission into that institution through the ability to benefit (ATB) alternatives, would remain eligible if the student can provide evidence of prior enrollment. The student would need to have passed an independently administered, Department of Education approved, ATB test or completed at least six credit hours or the equivalent coursework (225 clock hours) that is applicable toward a degree or certificate offered by a postsecondary institution.
FINANCIAL AID PROGRAMS
FEDERAL PELL GRANT:
This is a federal aid program designed to make funds available to those who qualify in approved schools. No repayment is required.
FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT (FSEOG):
This grant is only given to students who qualify with exceptional financial need who received a Federal Pell Grant. Funds are limited and awarded based on availability. No repayment is required.
SUBSIDIZED/UNSUBSIDIZED FEDERAL DIRECT STAFFORD/PLUS LOANS:
Federal Direct Stafford and PLUS Loans enable students/parents to borrow directly from the U.S. Federal Government in order to finance educational expenses. These loans are available for students who qualify.
Subsidized Stafford Loans are for students with financial need as determined by federal regulations. No interest is charged while you are in school at least half-time.
Unsubsidized Stafford Loans are for students and are not based on financial need. Interest is accrued during all periods.
William D. Ford Federal Direct PLUS Loans are low-interest loans for parents to help their children meet the cost of post-secondary education. These loans are not based on need, but when combined with other resources, cannot exceed the student’s cost of attendance. A credit check on the parent borrower is required and either or both parents may borrow through this program. Repayment begins within 60 days of final disbursement of the loan within a loan period. However, parents may request deferment of payments while the student is attending at least halftime.
Note: Repayment of subsidized and unsubsidized loans begins six months after the student graduates, withdraws from school, or falls below half-time enrollment status.
FLORIDA DEPARTMENT OF EDUCATION:
Scholarships available include the Florida Bright Futures Scholarship Program and the Children of Deceased or Disabled Veterans or Children of Servicemen Classified as Prisoners of War or Missing in Action Scholarship.
NOTE: Students can contact their Financial Aid Officer or go to http://studentaid.ed.gov/ to learn more about student financial assistance.
FINANCIAL AID ELIGIBILITY
All financial aid awards are made for one year or less. After the following eligibility requirements are met and aid has been awarded, it will be delivered by payment period and the funds will be credited to the student’s account. To be eligible to receive an award, a student must:
- Be a US citizen or eligible non-citizen, and be enrolled or accepted for enrollment as a regular student in an eligible program at an eligible institution of higher education;
- Provide a valid and verifiable social security number;
- Not be simultaneously enrolled in a secondary school;
- Have a high school diploma, or its recognized equivalent (GED);
- Be registered with Selective Service (or exempt) if a male student is over 18 years of age;
- For Federal Pell Grants and Federal SEOG, not have previously received a baccalaureate degree;
- Have a need for financial assistance, as defined by the individual program requirements (not required for Unsubsidized and PLUS Loans);
- Maintain satisfactory academic progress;
- Not be in default on any Federal Title IV Loan or owe a repayment on any Federal Title IV Grant received for attendance at any institution;
- Not have borrowed in excess of annual or aggregate limits on any Title IV Loan;
- Not have been convicted of or have pled nolo contender or guilty to a crime involving fraud in obtaining Title IV, HEA financial assistance;
- Have signed a statement on the Free Application for Federal Student Aid (FAFSA) certifying that Federal Student Aid will be used only for educational purposes;
- Be enrolled on at least a half-time basis (FFEL and Direct Loan recipients only);
- Not have been convicted of a Federal or State offense involving the possession or sale of a controlled substance during a period of enrollment for which the student was receiving Title IV, HEA financial assistance;
- Continue to demonstrate financial need and;
- Complete all required financial aid applications each academic year and remain drug free, as required by the Institute’s drug-free policy.