2011-2013 CATALOG - The Art Institutes
2011-2013 CATALOG - The Art Institutes
2011-2013 CATALOG - The Art Institutes
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62<br />
GRANTS:<br />
THE ART INSTITUTE OF PHOENIX<br />
INSTITUTIONAL GRANT PROGRAM<br />
Institutional need grant is available for students who<br />
demonstrate high financial need after financial aid<br />
is awarded and alternative loan funding has been<br />
exhausted. <strong>The</strong>se funds are awarded on a first come,<br />
first serve basis to be used for direct education costs<br />
only, not to exceed $300 per student, per quarter.<br />
Contact:<br />
<strong>The</strong> <strong>Art</strong> Institute of Phoenix<br />
Student Financial Services Office Department<br />
2233 West Dunlap Avenue Phoenix, AZ 85021<br />
602.331.7500 or 800.474.2479<br />
Eligibility: Must apply for federal aid and other<br />
financial aid and register for full time status.<br />
Deadline: Prior to beginning of academic year.<br />
THE ART INSTITUTES NEED-BASED<br />
GRANT PROGRAM<br />
<strong>The</strong> <strong>Art</strong> <strong>Institutes</strong> Need-Based Grant Program<br />
provides grants to students who show evidence of<br />
need and the motivation to complete the program.<br />
<strong>The</strong> amount of the grant varies according to the<br />
individual financial need of each student receiving<br />
the assistance, as determined by the Student<br />
Financial Services Office. <strong>The</strong> amounts are awarded<br />
for the current academic year, up to $300 per student<br />
per quarter.<br />
Contact:<br />
<strong>The</strong> <strong>Art</strong> Institute of Phoenix<br />
Student Financial Services Office Department<br />
2233 West Dunlap Avenue Phoenix, AZ 85021<br />
602.331.7500 or 800.474.2479<br />
Eligibility: Financial need basis.<br />
Deadline: Prior to end of academic year.<br />
ACADEMIC COMPETITIVE<br />
GRANT (ACG)<br />
Description: <strong>The</strong> Academic Competitive Grant<br />
is available to students who are US citizens and<br />
Permanent Residents receiving a Pell Grant, are full<br />
time in their first or second year of college in a degree<br />
program, graduated from high school in 2005 or later,<br />
and took a program of study in high school that was<br />
considered to be rigorous. Each eligible student may<br />
receive two years of ACG. <strong>The</strong> award is up to $750 the<br />
first year and up to $1,300 the second year. To receive<br />
a second year grant, the student must have a 3.0 GPA<br />
at the end of the first year.<br />
How to apply: Applying for a Pell Grant (see<br />
above) allows a student to be considered for an ACG.<br />
In addition, the student must provide an official<br />
high school transcript. <strong>The</strong> Academic Affairs office<br />
at <strong>The</strong> <strong>Art</strong> <strong>Institutes</strong> will evaluate the transcript to<br />
determine if it meets the “rigorous program of study”<br />
requirement.<br />
How payments are made: If <strong>The</strong> <strong>Art</strong> Institute<br />
has a valid ISIR and a valid High School transcript that<br />
meets requirements, payments are credited directly<br />
to the student’s account in each quarter in which the<br />
student meets eligibility requirements.<br />
NATIONAL SCIENCE AND<br />
MATHEMATICS ACCESS TO RETAIN<br />
TALENT (SMART) GRANTS<br />
Description: SMART Grants are available to eligible<br />
students in the third and fourth years of certain<br />
bachelor’s degree programs. Students receiving<br />
a Pell Grant, must be a U.S. Citizen or Permanent<br />
Residents, and have a 3.0 GPA. If transferring from<br />
another school, the student must have a 3.0 in classes<br />
for which credits are being transferred. <strong>The</strong> admissions<br />
office can provide the student with a list of eligible<br />
programs. Awards are up to $4,000 per year.<br />
How to apply: Applying for a Pell Grant (see<br />
above) allows a student to be considered for a<br />
National SMART Grant.<br />
How payments are made: If <strong>The</strong> <strong>Art</strong> Institute<br />
has have a valid ISIR, payments are credited directly<br />
to the student’s account in each quarter in which the<br />
student meets eligibility requirements.<br />
FEDERAL SUPPLEMENTAL<br />
EDUCATIONAL OPPORTUNITY GRANT<br />
(FSEOG)<br />
Description: FSEOGs are “gifts” of assistance<br />
to students. <strong>The</strong>y are available to students who<br />
demonstrate exceptional financial need and who<br />
have not already received a bachelor’s degree. <strong>The</strong><br />
amount available varies and program funds are<br />
limited. Eligible students generally receive from $300<br />
to $1,200 for each academic year (three quarters or<br />
two semesters). Grants through this program do not<br />
have to be repaid.<br />
How to apply: Complete the Free Application<br />
for Federal Student Aid (FAFSA). <strong>The</strong> school will<br />
receive an Institutional Student Information Report<br />
(ISIR) from the Federal Financial Aid Processor when<br />
you indicate the school as a choice on your FAFSA.<br />
<strong>The</strong> school will use the information from the ISIR to<br />
determine whether you are eligible for an FSEOG.<br />
If you bring or mail the FAFSA to the school, we can<br />
tell you if you will be eligible for an FSEOG and the<br />
approximate amount that you will receive. If you are<br />
eligible, you will be notified on your Student Financial<br />
Plan.<br />
How payments are made: If <strong>The</strong> <strong>Art</strong> Institute has<br />
a valid ISIR for you, we can receive your FSEOG funds<br />
directly from the federal government. Your account<br />
is then credited with your grant funds about 10 days<br />
before the first day of class each term. <strong>The</strong> credit<br />
is automatic as long as your financial paperwork is<br />
complete each year, you remain eligible for aid, and<br />
you officially register for classes each term.<br />
FEDERAL DIRECT STAFFORD STUDENT<br />
LOAN<br />
Description: Subsidized Federal Direct Student<br />
Loans carry a fixed interest rate. Contact the Student<br />
Financial Services Department for the most current<br />
interest rates. Eligibility is based on financial need. If<br />
you are eligible, you may borrow once per academic<br />
year as long as all of the required paperwork has<br />
been completed. <strong>The</strong> federal government pays the<br />
interest on a Subsidized Federal Stafford Loan while<br />
the student attends school, during the grace period,<br />
and during periods of deferment. <strong>The</strong> student is<br />
responsible for interest on an Unsubsidized Federal<br />
Stafford Loan.<br />
Amount: Dependent students may borrow<br />
combinations of Subsidized and Unsubsidized<br />
Federal Loans up to a maximum of $3,500 during<br />
the first grade level, $4,500 during the second<br />
grade level, and $5,500 for the third and fourth<br />
grade levels. Independent students and dependent<br />
students whose parents cannot borrow under the<br />
Federal PLUS Loan program (see next section) may<br />
borrow the maximum annual amounts stated above,<br />
plus an annual maximum of $6,000 in Unsubsidized<br />
Federal Loans for the first and second grade levels,<br />
and $7,000 in Unsubsidized Federal Loans for the<br />
third and fourth grade levels. A variable origination<br />
fee (up to 3%) and a variable insurance fee (up to 1%)<br />
are deducted from the amount borrowed for both<br />
Subsidized and Unsubsidized Direct Loans. Maximum<br />
loan amounts may be reduced for loan periods less<br />
than an academic year and if the student has previous<br />
loans. Amounts are accurate as of this printing.<br />
Please contact the Student Financial Services<br />
Department for the most current amounts.<br />
Repayment for Subsidized Loans: Repayment<br />
begins six months after you leave school or drop<br />
below half-time status.While you are in school in at<br />
least a half-time status and during the six-month<br />
grace period, the interest is “subsidized” by the<br />
federal government.<br />
Repayment for Unsubsidized Loans: Your<br />
first payment of principal is due six months after you<br />
leave school or drop below half-time status. Interest<br />
is paid quarterly while you are attending school or<br />
can be accrued during the in-school and six-month<br />
grace periods. If it accrues, it is added to the<br />
principal when you begin to repay the loan. See your<br />
Student Financial Aid Officer to obtain a sample loan<br />
repayment schedule.<br />
How payments are made: Federal Loans are<br />
usually sent directly to the school electronically. This<br />
process is called Electronic Funds Transfer (EFT).<br />
With your authorization, the EFT loan funds are<br />
usually automatically credited to your tuition account<br />
prior to the beginning of each term. See the Student<br />
Financial Services Department for details. If your loan<br />
funds have not been received when you start class,<br />
we will defer payment of the school charges until the<br />
funds are received, as long as all of the paperwork<br />
has been completed.<br />
FEDERAL DIRECT PARENT LOAN FOR<br />
UNDERGRADUATE STUDENTS (FPLUS)<br />
Description: <strong>The</strong>se loans are made directly to<br />
parents of dependent students. FPLUS Loans have<br />
a fixed interest rate. Contact the Student Financial<br />
Services Department for the most current interest<br />
rates. A credit evaluation is required to determine<br />
the parent’s eligibility for this loan. A parent may<br />
borrow up to the difference between the student’s<br />
educational costs and other financial aid the student<br />
receives for each academic year. A variable insurance<br />
fee (up to 1%) and a variable origination fee (up to 3%)<br />
are deducted from the amount borrowed.<br />
Repayment: Repayment begins within 60 days after<br />
the loan is fully disbursed. See your Student Financial<br />
Aid Officer to obtain a sample repayment plan.<br />
How payments are made: Most loan funds<br />
are electronically transmited to the school by a<br />
process called Electronic Funds Transfer (EFT).With<br />
the borrower’s permission, the loan proceeds will<br />
automatically be transferred to the student’s account;<br />
this usually occurs prior to the beginning of each term.<br />
THE ART INSTITUTE OF PHOENIX <strong>2011</strong>-<strong>2013</strong> COURSE <strong>CATALOG</strong>