Academy College
recognizes that many students will need financial assistance. All
students who plan to attend will have the opportunity to schedule
a personal interview with the Financial Aid Office to discuss and complete financial assistance
applications. The following programs are available to students:
Grants
- Minnesota State
Grant Program is available to Minnesota residents; the
dollar amount changes annually.
- Pell
Grant Program
(Federal) is currently available to half-time and full-time
undergraduate students; the maximum dollar amount changes annually.
- The Academic Competitiveness Grant (ACG) is available to full-time, first-time
students who have completed a rigorous high school program of study and
are in their first or second academic year of school; the dollar amount
changes annually. Students must have a 3.0 GPA at the end of their
first year to receive a the ACG grant for their second year.
- The National
Science and Mathematics Access to Retain Talent
(SMART) Grant is available to students who are completing a Bachelor
Degree in Computer Science and who are in their third or fourth
academic year of school; the dollar amount changes annually. Students
must maintain a 3.0 GPA to receive this grant.
- Federal Student Educational Opportunities Grant (FSEOG) is
currently available to undergraduate
students who exhibit extreme financial need.
- MN Child Care Grant Program is
available, by separate application, to those students with documented child care costs for dependents who are 12 years of age or younger.
- Minnesota Achieve Scholarship is designed to address critical barriers to college attendance. This one time scholarship is available to eligible Minnesota High School graduates who completed a rigorous High School program of study.
- Minnesota GI Bill established in 2007 to provide financial assistance to eligible MN veterans who served on or after September 11, 2001.
These grants are available to undergraduate students on the basis of established need. Application is made using
the Free Application for Federal Student Aid
(FAFSA).
Other Grants
- Indian
Scholarship Grant - application is made and dollar amount
determined by each tribe that participates in the program.
- Vocational
Rehabilitation
- through Minnesota Department of Economic Security. Grants provided to
cover costs associated with disability.
Loans (must be repaid)
If students need additional financial aid, they may be eligible to
apply for any of these loans. Some loan amounts are determined on basis
of established need.
- Federal Subsidized Stafford
Loan Program - Repayment begins six months
after graduation or student drops below half-time.
- Federal Unsubsidized Stafford
Loan Program - Interest payments are optional
while student is in school. Repayment begins six months
after graduation or student drops below half-time.
- Federal PLUS Loan -
Parent Loan Program (dependent students only). Interest payments are optional while student is in school.
Principal and interest payments begin approximately seven months after student starts school
or can be deferred until student graduates or drops below half-time.
For additional information on college loans, visit the
FASTChoice Website.
Veterans
educational assistance programs
Every program offered at Academy College is approved for the GI Bill and
the Veterans Rehabilitation Program. Veterans benefits depend upon the
time and period of military service. Consult the local V.A. office for
more information, at 1-888-442-4551 or log on to www.gibill.va.gov.
Other programs available
- Job Training Partnership Act (JTPA)
- Minnesota State Work Study Program
- Department of Employment and Economic Development (DEED)
- Federal Work Study Program
- Part-time employment assistance
- VA Vocational Rehabilitation
- HIRED
- Trade Adjustment Assistance (TAA)
- Workforce Investment ACT (WIA)
- Federal Tuition Assistance
- Army National Guard, Tuition Assistance
Net Price Calculator
The Net Price Calculator is
a convient tool that has been designed in order to assist prospective
students and their families by estimating a family contribution and
estimated need-based financial aid award for prospective students who might
apply for financial aid at Academy College.
Click the following link to
access the Net Price Calculator.
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