Financial Aid Department
The Financial Aid Department at Ideal Institute Of Technology strives to offer the highest quality of customer service to our current and future students. Our financial aid advisors are here to offer support and assistance to you and your family members on matters related to funding your education. We will help you plan for and meet all of the financial obligations associated with attending an institute of higher education.
Need Federal School Code: 041364
Financial Aid Office Hours:
- Monday: 9:30 a.m. – 6:00 p.m.
- Tuesday: 9:30 a.m. – 6:00 p.m.
- Wednesday: 9:30 a.m. – 6:00 p.m.
- Thursday: 9:30 a.m. – 6:00 p.m.
- Friday: 9:30 a.m. – 6:00 p.m.
Contact information:
- Financial Aid Department
- Phone: 908-222-0002 ext. 555
- Fax: 908-450-6111
- Email: fsa@aimseducation.edu
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What Every Student Should Know:
- Consumer Information Disclosure
- Tuition Refund Policy
- Withdrawal and Return of Financial Aid
- Drug & Alcohol Abuse Prevention Program
- Important websites and numbers
- Satisfactory Academic Progress
- Tax Rebate Information
- Voter Registration Form
- CARES Act – HEERF Report
- CRRSAA – HEERF II
- Third Party Sponsorship and Payment
IMPORTANT ANNOUNCEMENTS
Higher Education Emergency Relief Fund
The CARES Act Higher Education Emergency Relief Fund is now available. Please visit the CARES Act Disclosure page or click on the links below to learn more.
Higher Education Emergency Relief Fund II
The HEERF II grant funds under CRRSAA are now available. Please refer to the CRRSAA Disclosure page or click on the links below to learn more.
HEERF II Student Application Form (QR Code – Scan to electronically complete and submit)
HEERF II Student Application Form (PDF Form – Complete and submit via mail or email)
Attention Current and Incoming Students - Submit FAFSA
The 2021-22 Free Application for Federal Student Aid (FAFSA) is now available. If you’ll be attending school between July 1, 2021 and June 30, 2022, and have not submitted a 2021-22 FAFSA, please APPLY ASAP using your 2019 income tax return.
Current Interest Rates
The interest rates on student loans disbursed during the academic year beginning July 1, 2021 and ending June 30, 2022 will be as follows:
Direct Subsidized Loans – 3.73%
Direct Unsubsidized Loans – 3.73%
Direct PLUS Loans – 6.28%
HESAA interest rates: 2.99% to 5.16% (variable depending on repayment plan)
Financial Aid at Ideal Institute Of Technology
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There are three primary types of financial aid available to Ideal Institute Of Technologystudents. The financial aid options listed below may be available through the government (federal, state, or local), private organizations or businesses, or Ideal Institute Of Technology.
- Grants – money that does not have to be repaid.
- Loans – money that you borrow and agree to pay back with interest.
- Scholarship – tuition waiver grants that reduces cost of tuition & fees.
The following federal grants and loans can help you with both tuition and other school related expenses:
- Federal PELL Grant
- Federal Supplemental Educational Opportunity Grant (FSEOG)
- Federal Direct Loan Program
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Your eligibility for any of these grants and loans varies according to the program, its funding source, your enrollment status and your financial need as determined by the college.
Scholarships are Tuition Waiver grants that are awarded usually on the basis of academic merit and financial needs of a student.
Find out more about Federal Student Aid at the U.S. Dept. of Education’s Federal Student Aid Portal.