Financial Aid
We believe that the information contained in this guide is accurate at the time of publication. However, as regulations may change, some of the information contained in this guide is subject to change. Please contact the Financial Aid Office if you have questions or concerns.
What financial aid is available?
The following is a list of Federal Financial Aid Programs in which Platt College participates and the minimum and maximum award amounts:
Federal Pell Grant – Available almost exclusively to undergraduates; Award amounts depend upon student eligibility but range from $600 to $5,550 for the 2012-13 award year.
Federal Supplemental Educational Opportunity Grant – Exclusively for undergraduates with exceptional financial need; Priority is given to Federal Pell Grant recipients. Award amounts are based on program funding and availability of funds ranging from $200 to $600.
Federal Work Study –This program provides part-time employment for undergraduate students to assist with the financial costs of their education. The program is based on student eligibility as determined by the Department of Education.
Federal Stafford Loans
- A Subsidized loan is awarded on the basis of financial need. Interest does not accrue while in-school or during deferment periods. Repayment begins six months after graduation or after the last date of attendance, whichever comes first.
- An Unsubsidized loan is not awarded on the basis of need. Interest accrues from the time the loan is disbursed until it is paid in full.
Stafford Loan Limits
|
Year |
Dependent Undergraduate Student (Note exception in next column) |
Independent Undergraduate Students (and dependent students whose parents are not approved for PLUS Loans) |
|
First Year |
$5,500—No more than $3,500 of this amount may be in subsidized loans. |
$9,500—No more than $3,500 of this amount may be in subsidized loans. |
|
Second Year |
$6,500—No more than $4,500 of this amount may be in subsidized loans. |
$10,500—No more than $4,500 of this amount may be in subsidized loans. |
|
Third and Beyond (Each year) |
$7,500—No more than $5,500 of this amount may be in subsidized loans. |
$12,500—No more than $5,500 of this amount may be in subsidized loans. |
|
Maximum Total Debt from Stafford Loans (Aggregate loan Limits) |
$31,000—No more than $23,000 of this amount may be in subsidized loans. |
$57,500—No more than $23,000 of this amount may be in subsidized loans. |
Federal PLUS Loan – This is a credit-based loan program that enables parents to borrow funds to pay for educational expenses if the student is a dependent undergraduate enrolled at least half time. The lender deducts an Origination Fee of up to 4% of the loan. However, if the parent is denied, the student can qualify for an additional $4,000 in Unsubsidized Loans for the academic year.
Private Loans & Scholarships
Students and parents who do not qualify for Title IV funds or who need additional funds to cover educational expenses beyond what is covered by Title IV funds may apply for private loans and/or scholarships. Platt College participates with lending institutions that offer private loans. To qualify, a student must be a US citizen, a US national, or a permanent resident. In addition to private loans, scholarships are also available to students. Scholarship eligibility criteria vary. The Financial Aid Department will be happy to assist students who wish to apply for private loans or scholarships.
Tuition & Fees
Tuition and Fees vary by program. For the most up-to-date information, please contact our admissions team or click on the link below to view our course catalog.
If you would like to download a complete course catalog in PDF format, please click here.