Applying For Financial Aid

Types of Aid Available

To provide our students a variety of options to afford our career-focused programs, CBT Technology Institute participates in the following student financial aid programs:

Federal Pell Grants

Federal Pell Grants are awarded to undergraduate students who have financial need and who have not earned a bachelor’s, graduate, or professional degree. Federal Pell Grants don’t have to be repaid. Federal Pell Grants may be available to students for up to the equivalent of six academic years. You must submit a completed Free Application for Federal Student Aid (FAFSA®) form to apply for a Federal Pell Grant. The maximum amount of a Pell Grant can change yearly; your school will tell the amount you are eligible to receive.

Federal Work Study Program (FWSP)

Federal Work-Study provides part-time jobs for undergraduate and graduate students with financial need, allowing them to earn money to help pay education expenses. The program encourages community service work and work related to the student’s course of study.

Direct Loans

Direct Loans (loans made by the federal government) are available to help you cover your education expenses. The U.S. Department of Education (ED) offers Direct Loans through the William D. Ford Federal Direct Loan (Direct Loan) Program. There are three types of Direct Loans that can help students and parents pay for education after high school.

Direct Subsidized Loans: Available to: Undergraduate students who have financial need.
Direct Unsubsidized Loans: Available to: Undergraduate, graduate, and professional degree students.
Direct Plus Loans: Available to: Graduate and professional degree students, and parents of dependent undergraduate students (you must not have an adverse credit history).

State Grants

FLORIDA STUDENT ASSISTANCE GRANT

For more information regarding eligibility requirements, criteria for selection, amounts awarded, and procedures on how to apply please visit the following Florida Department of Education website: http://www.floridastudentfinancialaid.org/SSFAD/factsheets/FSAG.pdf

FLORIDA BRIGHT FUTURES

Institutional Scholarships

CBT Technology Institute offers a range of institutional scholarships designed to recognize and support students who demonstrate exceptional academic achievements, leadership qualities, and extracurricular involvement. These scholarships are funded directly by the institution and are awarded based on various criteria such as academic merit, financial need, specific areas of study, or other qualifications.

Whether you’re an incoming freshman or a continuing student, our institutional scholarships provide valuable financial assistance to help offset the cost of tuition and fees, making higher education more accessible and affordable for deserving students. Explore the opportunities available and discover how our institution can support your academic and professional goals through our diverse range of institutional scholarships.

Consider This: If you are concerned that you may not qualify for a scholarship, remember that there are literally thousands of scholarships available — need-based and merit-based, large, and small. In other words, nearly every student is eligible for some kind of scholarship.

Entrance & Exit Counseling Requirements

Entrance and exit counseling are essential components of the Federal Student Aid (FSA) program, providing valuable guidance and information to students throughout their academic journey. Entrance counseling offers crucial insights into the rights and responsibilities of borrowers, loan repayment options, and the importance of managing finances wisely before receiving federal student loans. It equips students with the knowledge and tools necessary to make informed decisions about borrowing and repayment.

Similarly, exit counseling educates borrowers on loan repayment plans, options for loan consolidation, and strategies for managing debt after graduation or leaving school. By participating in entrance and exit counseling, students can better navigate the complexities of student loans, minimize financial stress, and set themselves up for success in their future endeavors.

First time borrowers will receive in-person loan counseling before the delivery of first disbursement. They will also receive in-person exit counseling before the students cease enrollment. If a student withdraws or fails to attend the exit interview, we will mail written material to them within 30 days.

Professional Judgment

In the context of Federal Student Aid (FSA), professional judgment refers to the authority granted to financial aid administrators to exercise discretion and adjust a student’s financial aid package based on individual circumstances that are not accounted for in the standard financial aid application process. This may include situations such as loss of income, unusual expenses, or other special circumstances that may impact a student’s ability to pay for their education. Financial aid administrators have the discretion to review and reassess a student’s financial aid eligibility on a case-by-case basis, considering relevant factors to ensure that students receive the support they need to pursue their education successfully. Professional judgment allows financial aid administrators to provide personalized assistance to students facing unique financial challenges, ultimately ensuring equitable access to higher education for all.

Link: https://www.cbt.edu/wp-content/uploads/2019/11/Professional-Judgement.pdf

Inceptia – The Third-Party Lending Agency of CBT Technology Institute

You are not alone when it comes to student loans. CBT Technology Institute has partnered with Inceptia, a division of National Student Loan Program (NSLP), to provide you with FREE assistance on your Federal student loan obligations to ensure successful, and comfortable, loan repayment. Inceptia’s friendly customer representatives may reach out to you if your loan(s) become delinquent. Inceptia is not a collection agency. We’ve partnered with them to help you explore a wide variety of possibilities such as alternative repayment plans, deferment, consolidation, discharge, forgiveness, and forbearance options. Inceptia will stay in touch with you via phone calls, letters, and/or emails to help you find answers to your questions and solutions to your issues.

For additional resources including information on repayment options, please visit Inceptia’s Student Loan Knowledge HQ website at https://www.heroknowl.org/

For further information refer to The Student Guide of Financial Aid from the U.S. Department of Education: Grants, Loan, and Work -Study. https://myeddebt.ed.gov/borrower/#/login

How Does Financial Aid Work?

Students that require financial aid must complete the free Federal Student Aid Application form from the U.S. Department of Education. The Institutional Student Information Record (ISIR) received will contain the information the students gave on their application, plus their student aid index number which determines their eligibility for the Pell Grant and other programs.

The student must promptly complete each step in the process, as to not miss any deadlines. Non-compliance with deadlines may result in the denial of the requested financial aid. To determine eligibility, the Financial Aid Office considers the student’s financial need and academic status. For the specific requirements of each program and additional information about financial aid, see the Student Financial Aid Officer in the Financial Aid Office.

As with any other award, students must fill out a FAFSA application and be deemed eligible for the aid. The eligibility requirements for grants and loans from the government are as follows:

Be a U.S. citizen or an eligible non-citizen.
Be a High School graduate or have the equivalent.
Must be enrolled in an eligible institution.
Demonstrate a financial need.
Be enrolled at least half-time.
Make satisfactory academic progress.
Not be in default with student loans.

Students qualify for participation in the Florida Work Study Program (FWSP) if they are:

In need of financial aid as shown by the Financial Aid Form.
Capable of doing good academic work in college.
Able to meet job qualifications.
Accepted for admission as a full-time student in good standing.