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Students cannot
always afford to pay their educational costs in full at the
beginning of their programs of study. Therefore, the school
participates in various programs designed to assist students to
meet their educational costs on a more affordable basis.
AIMT students
are eligible to apply for SLM Financial Loans. This loan
program was developed by Sallie Mae, a leader in the student
financial assistance industry. SLM Financial Loans are
credit-based and must be paid back with interest.
In addition,
in-house student payment plans may be available.
The school is
accredited by the Accrediting Commission of Career Schools and
Colleges of Technology a nationally recognized accrediting
commission and is approved by the U.S. Department of Education
to offer Title IV financial assistance programs to eligible
students.
Many students
supplement Title IV assistance or pay for costs with other
programs such as Veterans benefits, agency sponsorship, employer
reimbursement or financing through non-Title IV lenders.
A student must
apply for admission and be accepted by the school prior to
applying for financial aid. Financial aid is awarded based upon
need. In order to assist applicants to complete their financing
prior to beginning classes, the school makes available
individual appointments for each applicant with a Financial Aid
Advisor who will assist with form completion and answer
questions that may arise.
In general,
an applicant may be eligible for federal Title IV assistance if
the applicant:
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Is enrolled as a regular student in the school’s programs
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Is a U.S. citizen or eligible non-citizen
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Is not in default on any federally guaranteed student loan
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Does not owe a repayment on any federal grant
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Possesses a high school diploma, its equivalency, or has
demonstrated an ability to benefit from American Institute
of Massage Therapy’s programs
-
Has demonstrated selective service registration (males only)
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Has not been convicted of a drug offense.
The
following federal aid programs are available to those students
who qualify (subject to availability of funds):
1. Federal
Pell Grant: This is a grant to assist under-graduates who
have not earned a bachelor’s or professional degree with
education expenses. It does NOT have to be paid back.
2. Federal
Family Education Subsidized Stafford Loan: This is a low
interest variable rate loan for students attending school at
least half time. It MUST be paid back. Interest is non-bearing
while students are attending school and during their grace
period.
3. Federal
Family Education Unsubsidized Stafford Loan: This is a low
interest variable rate for independent students enrolled at
least half-time. It MUST be paid back Interest will accrue on
this loan and can be paid while the student is in school.
4. Federal
Family Education PLUS Loan: this is a low interest variable
rate loan for parents who want to borrow to help for their
child’s education. This loan is available only to parents with
good credit histories. It MUST be paid back.
Veterans Benefits
AIMT is approved by the U.S. Department of veterans Affairs (VA). The admissions department can assist qualified applicants to complete these forms.
For additional information on financial assistance, call us toll free at (800) 752-2793. Or click
here to email our admissions representative. |
