Overview of Financial Aid
CBT Technology Institute participates in federal financial aid programs to assist eligible students in funding their education. Financial aid is intended to supplement, not replace, a student’s financial resources.
Types of Financial Aid Available
CBT Technology Institute participates in the following federal Title IV programs:
- Federal Pell Grant
- Federal Supplemental Educational Opportunity Grant (FSEOG), when available
- Federal Direct Subsidized Loans
- Federal Direct Unsubsidized Loans
- Federal Direct PLUS Loans for eligible parents
- Federal Work-Study Program, when available
Federal financial aid programs include both need-based aid, such as Pell Grants and FSEOG, and non-need-based aid, such as Direct Unsubsidized Loans and PLUS Loans.
How to Apply for Financial Aid
- Complete the Free Application for Federal Student Aid FAFSA annually at studentaid.gov.
- Submit all required supporting documentation requested by the Financial Aid Office.
- Be admitted into an eligible program of study.
Eligibility Requirements
To be eligible for federal financial aid, students must:
- Be a U.S. citizen or eligible noncitizen
- Have a valid Social Security Number
- Be enrolled in an eligible program
- Maintain Satisfactory Academic Progress (SAP)
- Not be in default on a federal student loan or owe a repayment on a federal grant
Eligibility is determined based on federal regulations and individual student circumstances.
Awarding and Packaging of Financial Aid
Financial aid awards are determined based on FAFSA results, Cost of Attendance (COA), enrollment status, and availability of funds for campus-based programs such as FSEOG and Work-Study.
Students receive an award notification outlining estimated eligibility and aid amounts.
Verification Process
Some students may be selected for verification. If selected, students must submit the requested documentation. Failure to provide required documentation may result in delays or cancellation of financial aid.
Disbursement of Financial Aid
Financial aid funds are disbursed in scheduled installments based on the student’s program and enrollment.
Before disbursement, attendance must be verified and academic progress must be evaluated. Funds are applied to tuition and fees first. Any remaining balance is issued to the student as a credit balance or refund.
Return of Title IV Funds (R2T4)
If a student withdraws before completing more than 60% of the payment period, the institution calculates the portion of federal aid earned. Unearned funds must be returned to the U.S. Department of Education.
Unearned funds are returned within 45 days of the date of determination in the following order:
- Federal Direct Loans
- Federal Pell Grant
- Federal FSEOG
- Other Title IV Assistance
If applicable, students may be eligible for a post-withdrawal disbursement, and the institution will notify the student and obtain authorization for loan funds, if required.
Satisfactory Academic Progress (SAP)
Students receiving financial aid must maintain Satisfactory Academic Progress, which includes:
- Qualitative Standard GPA: Minimum cumulative GPA requirements based on program level
- Quantitative Standard Pace: Completion of at least 67% of attempted coursework
- Maximum Timeframe: Program must be completed within 150% of the published length
SAP Statuses
- Financial Aid Warning: Student remains eligible for aid for one evaluation period
- Financial Aid Probation: Continued eligibility under specific conditions after failing SAP again
- SAP Dismissal: Loss of financial aid eligibility due to failure to meet SAP requirements
Appeal Process
Students may appeal SAP dismissal by submitting a written explanation of mitigating circumstances to the Director of Education. Appeals are reviewed on a case-by-case basis.
Student Rights and Responsibilities
Students have the right to know what financial aid programs are available, understand how aid is awarded and disbursed, and receive information about loan terms and repayment.
Students are responsible for completing FAFSA accurately and on time, providing all required documentation, maintaining Satisfactory Academic Progress, and repaying loans according to agreed terms.
Federal Student Loan Information
Students receiving federal loans must complete Entrance Counseling and sign a Master Promissory Note MPN.
Loan repayment, interest rates, and additional information are available at studentaid.gov.
Students are required to complete Exit Counseling when they graduate, withdraw, or drop below half-time enrollment.
Professional Judgment
The Financial Aid Office may review special or unusual circumstances on a case-by-case basis that may affect a student’s financial aid eligibility.
Cost of Attendance COA
The Cost of Attendance includes tuition and fees, books and supplies, and living expenses, if applicable.
Visit: Cost of Attendance
Institutional Refund Policy
Institutional refund policies differ from federal Return of Title IV requirements.
Visit: Tuition and Fees Information
Additional Consumer Information
For additional required disclosures, including Net Price Calculator, graduation and placement rates, campus safety information, and student outcomes, visit:
