Financial assistance is available to those students who qualify and who are enrolled in a program of training of 600 clock hours or more. The primary sources of financial aid offered by Collins Career Technical Center are Title IV Federal Pell Grants and Federal Direct Loans. The Pell Grant does not require repayment and is available to assist eligible students with tuition and school-related expenses. Eligibility for the Pell Grant is based on criteria such as the student's prior year income, tax paid, earned-income credit, family size and selected program of training. The Federal Direct Loan program are funds borrowed that must be repaid with interest.
Before ordering a tax transcript, make sure to have your Social Security Number, date of birth, and the exact address on file with the IRS. The IRS will not release the transcript if you owe taxes, and it may take up to two weeks from when you file your tax return before the transcript becomes available.
To order a tax return transcript, you can either call 1-800-908-9946 or go to www.IRS.gov and click on "Get Transcript of your tax records" under the Tools heading. From there, select either "Get Transcript Online" to print your transcript immediately or "Get Transcript by Mail" to have it mailed in 5 to 10 days. Make sure to choose the Tax Return Transcript and not the IRS tax account transcript.
After receiving the Tax Return Transcript, contact your Financial Aid Consultant. Do not send copies of Federal or State Tax Returns. Incomplete verification holds up financial aid award disbursements/payments.
If you are eligible for a Pell Grant and/or Federal Direct Loan funds that cover your entire tuition, you are not required to make any tuition payments (as long as you remain enrolled fulltime). Our records will indicate that your tuition is being paid by the Financial Aid. If you were eligible for a partial Pell Grant and/ Student Loan where all of your tuition was not covered by Financial Aid, you are required to start making payments on the balance not covered. The amount you are to pay by the semester is set up with you during your Financial Aid appointment. Your tuition payments are due within the first two weeks of each semester and must be paid in full before advancing on to the next semester.
Yes, there is a lifetime maximum eligibility limit on the Pell Grant. Once you have utilized 600% (equivalent of six years) of Pell Grant funds, you are no longer eligible for the Pell Grant. Students starting at Collins with percentages between 500% and 599%, their Pell Grant Award is pro-rated (reduced) based on the percentage of eligibility the student has remaining.
Yes, any Pell Grant and/or Federal Direct Loans disbursed on your behalf at another school must be deducted from what you are eligible for at Collins Career Technical Center. Student is responsible for notifying the Financial Aid Office that s/he has transferred in and used aid another school.
The financial aid will be disbursed in one disbursement per payment period (disbursements dates to be determined). the financial aid office will deduct what is due for tuition then any overage will be issued to you to use for other school related expenses, textbooks, travel, living expenses, etc. your first financial aid disbursement typically does not come in until you have been in class for approximately 30 days (depending on program of training). financial aid is not pre-disbursed before you start class.
Since your Financial Aid is not pre-disbursed, you will have to purchase these items “out-ofpocket” and then get reimbursed from your Financial Aid when it comes in (if you have sufficient aid to allow for reimbursement). Note. Please see your Financial Aid Consultant if you have difficulty purchasing textbooks.