PCI College offers students several options for payment of tuition. The school recognizes that many students lack the resources to begin their educational training. The campus participates in several types of federal, state and institutional financial aid programs, most of which are based on financial need.
Students seeking financial assistance must first complete the Free Application for Federal Student Aid. The school’s financial aid representative uses this form to determine students’ needs and assist them in deciding what resources are best suited to their circumstances.
If students withdraw from school, an adjustment in the amount they owe may be made, subject to the refund policy of the school. If they received financial aid in excess of what they owe the institution, these funds must be restored to the federal fund account or to the lender if they received a federal loan.
The following is a description of the financial aid programs available at this school. Additional information can be obtained through the Finance Office. Information regarding benefits available from the Bureau of Indian Affairs or the Vocational Rehabilitation Program can be obtained through those agencies
Federal Pell Grant
The Federal Pell Grant Program is the largest federal student aid program. For many students, these grants provide a foundation of financial assistance that may be supplemented by other resources. Eligibility for the Federal Pell Grant Program is determined by a standard formula that is revised and approved every year by the federal government. Unlike loans, grants do not have to be paid back.
William D. Ford Federal Direct Loan
This low-interest loan is available to qualified students through the Department of Education. Repayment starts six months after the student drops below half-time status, terminates training or graduates.
Current interest rates as of July 2010 is 4.5% for subsidized and 6.8 % for unsubsidized
Federal Supplemental Educational Opportunity Grant (FSEOG)
Students who are unable to continue their education without additional assistance may qualify for this program. Grants are based on the funds available and do not have to be repaid. Need is determined by the financial resources of the student and parents, and the cost of attending the school.
William D. Ford Federal Plus (FPLUS)
The Federal Parent Loan for Undergraduate Students (FPLUS) provides additional funds to help parents pay for educational expenses. The interest rate for these loans is currently 7.9%. Loan origination fees may be deducted from the loan by the institution making the loan as set forth by the U.S. Department of Education.