Financial Aid Information

Mobile Technical Training is committed to making education accessible and affordable to all of our students. All of our applicants are scheduled for a personal meeting with a financial aid counselor to develop a personalized plan to meet their educational expenses.

Financial aid is any form of monetary support that assists you in paying for education and it comes in many forms:

Types of Financial Aid

Scholarships & Grants

Grants and scholarships do not need to be paid back. Some are based upon financial need. State or Federal Grants may be available from state or federal funded programs such as  PELL Grant, DVR, VESSID, and WIA. Other scholarships may be available from car club associations, high school programs, and membership to certain organizations. Please keep in mind, grants and scholarships are not guaranteed and may be limited to programs of study. Federal Pell Grants are only available for the 600 Hour Mobile Electronic Installation & Vehicle Customizing Program. Eligibility for a Pell Grant is based on a student’s financial need. 

Loans

Loans are a form of financial aid that must be paid back with interest to the lender over an extended period of time. All students who file the FAFSA for an eligible program will, at a minimum, qualify for a Direct Student Loan from the federal government. Students may be eligible for Subsidized, Un-subsidized, Parent Plus, Private Bank, and Career Training Loans. Please note, a student must meet eligibility first. This will be discussed with the school’s financial aid representative. 

Pell Grant

A Pell Grant is a subsidy the U.S. federal government provides for students who need it to pay for college. Federal Pell Grants are limited to students with financial need, who have not earned their first bachelor’s degree, or who are enrolled in certain post-baccalaureate programs, through participating institutions. Federal Pell Grant does not need to be paid back. 

Payment Plans

Payment plans allow students to structure tuition payments and other fees into installments throughout the year instead of paying a lump sum at the beginning of their program. Payment Plans are available for all programs and continuing ed courses offered at the school. 

Forms of Federal Financial Aid Available to our students:

Students who need Federal Financial Aid may apply on https://studentaid.ed.gov/sa/fafsa. Federal Financial Aid is only available for the 600 Hour Mobile Electronic Installation & Vehicle Customizing Program. Students must take the entire program on a full time schedule Monday to Thursday 9am to 5pm. 

Subsidized Loan:  Is a loan in which the federal government pays the interest while the student is in college or while the loan is in deferment. Is based on your financial need. You will be in deferment for the first six months after you leave the school.

Un-subsidized Loan: Is a loan in which you are responsible for paying the interest from the time your loan is disbursed. You can qualify regardless of income or your financial need. You will be in deferment for the first six months after you leave the school.

Parent Plus Loan: Is a federal direct student loan available to the parents of dependent undergraduate students. Parents must meet credit requirements. They have deferment options while the student is enrolled in school.

Please note: Federal Pell Grants are only available for the 600-Hour Mobile Electronic Installation & Vehicle Customizing Program. Eligibility for a Grant is based on a student’s financial need. 

What is the process of applying for federal financial aid at the school?

Step 1: The student must create a user name and password on https://fsaid.ed.gov/npas/index.htm

Step 2: The student must complete the FAFSA Application on https://studentaid.ed.gov/sa/fafsa.

• Make sure you have all required documents at the time of submitting the application. This may include, tax returns for the prior year, Driver’s License, Social Security Card, Permanent Resident Number if not a U.S. citizen. The same information will be required for the parents of a student who is under 24 years of age.

Step 3: The student will be contacted by the school to review financial aid application, eligibility, and award amounts.

Step 4: Once the student/parent has accepted the award amounts, they will be required to sign the Master Promissory Note with the government on https://studentloans.gov/myDirectLoan/index.action

Step 5: Once the student/parent has accepted the award amounts, they will be required to complete an entrance counseling on https://studentloans.gov/myDirectLoan/index.action

Frequently Asked Questions:

What is an FSA ID?

• An FSA ID consists of a username (or verified email address or mobile phone number) and password which gives you access to Federal Student Aid’s online systems and can serve as your legal signature when completing electronic documents.

How do I create an FSA ID?

• If you don’t have an FSA ID you won’t be able to log in to StudentLoans.gov or other Federal Student Aid sites.
• Create an FSA ID.
• Use of another person’s FSA ID constitutes fraud. Use only your own FSA ID information.
• More information is available by choosing “Help” when you create or update an FSA ID.

What if I have defaulted on previous federal student loans?

• Students who have defaulted on previous federal loans may not be eligible to receive any assistance until they have reinstated their payments with their loan servicers. Please contact the school’s financial aid representative for help on how to do this.

Can I transfer my financial aid from one school to another?

• There are regulations mandated by the U.S. Department of Education on transferring financial aid from one school to another. You may only transfer Direct Subsidized Loans and not Federal Pell Grants. Students should contact the school’s financial aid representative for more information.

How can I pay a balance that is not covered by Federal Financial Aid?

• Students who have a balance after the award amounts have been reviewed can apply for a Career Training Loan with Sallie Mae or arrange a payment plan with the school. For more information on this, please contact the school’s financial aid representative.

How can I find more information about federal direct subsidized/unsubsidized loans for undergraduate students?

• You can access https://studentloans.gov/myDirectLoan/index.action for more information on the federal loans available.

What is Entrance Counseling?

• If you have not previously received a Direct Loan or Federal Family Education Loan (FFEL), the Federal Government requires you to complete entrance counseling to ensure that you understand the responsibilities and obligations you are assuming.

What is the Master Promissory Note?

• The Master Promissory Note (MPN) is a legal document in which you promise to repay your loan(s) and any accrued interest and fees to the U.S. Department of Education. It also explains the terms and conditions of your loan(s).

What is an exit counseling?

• Exit counseling provides important information you need as you prepare to repay your federal student loan(s).
• Topics include:
• Understand Your Loans
• Plan to Repay
• Avoid Default
• Make Finances a Priority

Can I consolidate all my student loans?

• Yes, students can do this. More Direct Consolidation Loan information is available on StudentAid.gov . If you have questions about consolidating your federal education loans before you apply, you can also contact the Student Loan Support Center at 1-800-557-7394.

How to Apply

Each year, aid applicants must submit a FAFSA. This application may be submitted in person to the financial aid office, or online at www.fafsa.ed.gov. The school’s federal code is 042578

The Financial Aid Office may request additional documentation to support a student’s request for financial assistance, including signed copies of federal income tax returns. The student’s financial aid package cannot be finalized until the financial aid office has received all requested documentation.

For more information on how you can be eligible for federal financial aid, or to get help filling out the FAFSA Application, please contact the Financial Aid Department at 201-329-9000.