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Contact: Barbara Fonts
Phone: 305-554-9281
email: barbara.fonts@itischool.com


FEDERAL STUDENT AID PROGRAMS

InterAmerican Technical Institute offers Financial Aid Assistance for those who qualify. The school is a participant in the Student Financial Assistance Program supported by the US Department of Education. These programs are designed to help applicants who have limited financial resources, provide funds in the form of grants for students who would not otherwise be able to continue their education. Awards of student assistance described here are conditioned on the availability of funds and on the financial need of the applicant.
InterAmerican Technical Institute currently participates in the Federal Pell Grant Programs. A student may apply by completing the free application for Federal Student Aid, which is available online at www.fafsa.ed.gov.

Federal Pell Grant

The Pell Grant is an entitlement program available for those who need it to attend a post-secondary educational institution. The amount of the Pell Grant entitlement is determined on the basis of the cost of education at the institution attended and the actual number of credits for which the student is enrolled. Students can reapply annually for Pell consideration. Federal Pell Grant does not have to be repaid. Federal Pell Grants are awarded only to undergraduate students who have not earned a bachelor’s or professional degree. Awards can range up to $5,730.00 per academic year and are based on the financial need of the family or individual and the cost of education.

ELIGIBILITY REQUIREMENTS To qualify for federal student aid the following requirements must be met:
1. Students must have a high school diploma or GED equivalent.
2. Be enrolled as a regular student in an eligible program.
3. Be a US citizen or eligible non-citizen.
4. Make satisfactory academic progress toward completion of the program.
5. Not to be in default or owe a refund to any Title IV program.
6. Register (if you haven’t already) with the Selective Service, if you are a male between the ages of 18 and 25.
7. Demonstrate financial need.

APPLICATION PROCEDURES  

It is your responsibility to submit all the required material by the announced deadlines. Prospective students are encouraged to apply early for priority consideration. Applicants should not wait for an admission decision before applying for financial aid. Admission decisions are made independent of financial aid decisions.

Free Application for Federal Student Aid (FAFSA) Financial Aid is available for those who qualify. For financial aid consideration, applicants need to complete the Free Application for Federal Student Aid (FAFSA) or a Renewal FAFSA at the Financial Aid Office or visiting www.fafsa.ed.gov An FSA ID gives you access to Federal Student Aid’s online systems and can serve as your legal signature. Create a New FSA ID at https://fsaid.ed.gov/npas/index.htm

Notification of Financial Aid Awards

Students are notified of their Federal Pell Grant eligibility through an Institutional Student Information Record (ISIR). This report is electronically transmitted directly to the Institute by the federal processor. The U.S. Department of Education employs a uniform formula to evaluate the information contained on the student aid application and to determine the index of need. In order to receive an award, the ISIR must be reviewed and eligibility confirmed by the Financial Aid Office. If the student feels that the awards do not cover his or her needs, the student should consult with the School Financial Aid Officer.

Disbursement Procedures

Awards will be made in accordance with the award letters issued by the Office of Financial Aid. Federal Pell Grant or campus base checks will be made payable directly to Interamerican Technical Institute in a separate check for each student‘s account. Financial Aid awards will be disbursed electronically and will be applied to each student‘s account.  

Other Financial Aid Information:
 
If you would like information about filling out the FASFA, or other information related to financial aid, please visit one of the web sites below.  
www.fafsa.ed.gov            
www.nslds.ed.gov            
www.studentloans.gov
www.studentaid.ed.gov
www.dl.ed.gov www.loanconsolidation.ed.gov

PROCEDURES FOR VERIFICATION

InterAmerican Technical Institute
has developed the following policies and procedures for the verification of information provided by applicants for Federal Title IV student financial aid.  
1.    The students selected for verification by the U.S. Department of Educational (ED) or those with conflicting information in their records will be required to submit supporting documentation. Any conflicting information in the student’s file must be resolved before any financial aid may be disbursed, regardless of the student’s verification status.  
2.    All students will be notified by the Financial Aid Office on a timely basis if they were selected for verification and what supporting documentation is required. In addition Financial Aid Office will notified the student for any award changes due to verification by email, mail, phone call, or personal contact. The institution will notify the student of the result of the verification process and any other documentation needed.  
3.    Failure to provide the documentation within the specified time period may result in the student being declared ineligible to receive any Title IV funds. Students who are declared ineligible to receive Title IV funds will still be responsible for their financial obligations to the school.  
4.    Students who need assistance in obtaining the documentation required should see the school’s financial aid officer.

ADDITIONAL FINANCIAL AID INFORMATION

The refund policy of InterAmerican Technical Institute is stated in the school enrollment agreement and in this school catalog.
Retention data of students enrolled in programs offered by the school is available from the School Director

Average starting salaries and the percentage of students employed in specific fields of training are available from the School Director.
Any further information desired by an applicant may be obtained from either the Financial Aid Office or the School Director.

Students must notify the Financial Aid Office if any of the following conditions occur: Change of name and address, change of financial status, any change in their attendance status, or school termination.

A student who is terminated for unsatisfactory academic progress may re-enroll with the written approval of the School Director after remaining out of school for at least three (3) weeks. If the student is considered to be making satisfactory academic progress, the student will become eligible for Title IV aid in accordance with the school published policy. If the student fails to maintain satisfactory academic progress during this period, the student will be academically terminated and will not be allowed to re-enroll in the same program.

Students who have withdrawals, incomplete grades or a leave of absence during a payment period are eligible to receive Title IV funds provided the student maintains satisfactory progress and the time needed to make up and complete the program is within the maximum time frame specified in this catalog.

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