Student Financial Aid - Knoxville TN - Fountainhead College of Technology

Student Financial Aid

Provisions of the Higher Education Amendments of 1976 require each post-secondary institution make student aid information available to any enrolled or prospective student who requests such information. Information to help students determine eligibility for financial assistance is available by appointment in the Financial Aid Office.

Fountainhead College of Technology is an eligible institution to participate in the following:

● Grants: Grants are generally not paid back. However they are paid back if they are obtained through false information or if the student's withdrawal from school creates an over-award.
    Federal Pell Grant
    Tennessee Student Assistance Award
    Department of Human Services sponsorship

● Federal Family Educational Loan: Loans must be paid back regardless of whether or not a student graduates.
    Subsidized Stafford
    Unsubsidized Stafford
    Parent Loan for Undergraduate Students - PLUS

● Private Loans
    Career Training Loan (paper application only)
    SallieMae Signature Loan (4 year degree seeking students only)
Our preferred lenders include Regions Bank and First Tennessee Bank for federal Stafford loans and private loans. After careful consideration of the features offered by a range of lenders, we have chosen the aforementioned because they offer savings, service and reliability. You may, however, choose a lender that is not listed. Please contact the Financial Aid Office to learn how to apply for a loan with that lender.

●Veteran Benefit Programs
    Chapter 30 Montgomery GI Bill
    Chapter 1606 Montgomery GI Bill - Selected Reservist
    Chapter 32 Veteran's Educational Assistance Program
    Chapter 35 Survivors' and Dependants' Educational Assistance
    Chapter 31 Vocational Rehabilitation
    Tuition Assistance

● Institutional Programs:
    Cash Out-of-pocket
    Retail Installment Contract

Find out:
What determines eligibility to receive federal and/or state aid
How to apply for aid
How SFA funds are disbursed to the student
The rights and responsibilities of students receiving financial assistance

Initial Federal Student Aid Eligibility requirements include:
High School Diploma /GED
Enrolled at least half-time
U.S. Citizenship or eligible non-citizen
Clean financial aid history
Registration with Selective Service (if required)

To determine if you are eligible to receive aid, you should follow these steps:
Accurately complete the "Free Application for Federal Student Aid" (FAFSA). Applications may be obtained at the College, or online at http://www.fafsa.ed.gov/. It is recommended that you have assistance from the College's financial aid department to expedite the process.

Approximately five days after filing electronically, schedule an appointment with the financial aid officer to determine the amount of aid you are awarded, if any, and/or the amount of loan(s) you may be eligible to receive. You may be required to verify the information you recorded on the application ("verification").

If you are "selected for verification," you will be required to provide certain documents so that the school can verify the data on your application. Rules and procedures will need to be observed concerning the documents you are asked to bring to the College. Examples are as follows:

You will be responsible and required to provide any requested document within 90 days of signing the application for financial aid and before any aid can be awarded. You will be informed in writing as to the documentation needed and the deadline by which you must provide it. In the event that you fail to provide the required documentation within the specified time period, additional documentation may be required. Remember that no aid is awarded prior to completion of the verification process. The College will notify you in writing of the results of verification within 30 days after all documentation is received. If you are required to correct information, the College will instruct you through the process. Again, federal and state aid will not be awarded or delivered until the process is complete. It could delay your starting date if you must make corrections.

Remember:

Accurately complete the application.
Read and understand all instructions, certifications and responsibilities.
Apply only for the amount of aid needed for school.
Financial Aid received is first applied to school expenses, with any excess given to the student.
Aid is awarded on a first-come, first-served basis.
To preserve financial aid eligibility, students must maintain satisfactory academic progress and must reapply for aid each academic year.
Call the Financial Aid Officer if you have any questions concerning your financial aid.

Fountainhead College of Technology is authorized for operation as a postsecondary educational institution by the Tennessee Higher Education Commission. Accredited by the Accrediting Commission of Career Schools and Colleges of Technology