You've made a decision to get an education, and we promise to work with you to develop a personal financing plan to cover the cost of your education. That means tuition, books, fees, supplies -- everything you'll need to invest in your future.
We're so sure we can help you that we make this promise: If we're unable to develop your personal financing plan, we'll refund any payments you've made before starting school.
Financial Aid for Students
Our Financial Aid department specializes in making it as easy as possible for you to afford your training. For many students, that means helping to identify financial aid sources like student loans, grants, payment plans and scholarship programs.
Your Financial Aid Advisor
Your Financial Aid Advisor will:
- review all sources of student financial aid and find the resources available to you
- explain the eligibility requirements and assist you with the application process for each program
- explain award estimates for both state and federal grant programs based on personal information provided by you
- be available to you on a daily basis
- continually monitor your financial aid status and keep you informed
- assist you with reapplication for grants and student loans in your second academic year
- help you and your family understand the financial aid correspondence that you will receive from various federal and state agencies
- counsel you regarding debt management
Financial Aid Programs
Financial Aid and Scholarship Programs Available to our students who qualify.
- Federal and State Aid
- Grant- Federal Pell Grants
- Grant- Federal Supplemental Education Opportunity Grant
- Grant- Pennsylvania Higher Education Assistance Agency (PHEAA)
- Grant- VA Dependents Educational Assistance Program
- Grant- Vocational Rehabilitation Program
- Loan- Federal Perkins Loans
- Loan- Federal William D. Ford Direct Loans
- Loan- Federal William D. Ford Direct PLUS Loans
- Loan- Triangle Tech's Installment Payment Plan (IPP)
- Scholarship- Triangle Tech Scholarships
- Scholarship- Private Scholarships
Federal financial aid programs available to our students who qualify:
Federal Pell Grants
The Federal Pell Grant is a primary source of student assistance. A Federal Pell Grant does not have to be repaid, unless you fail to complete your period of enrollment. Pell Grants are awarded to undergraduate students who have not yet earned a bachelor's or professional degree.
For the 2011-2012 award year (July 1, 2011 - June 30, 2012) awards range from $555 to $5,550. How much you will get depends, not only on your financial need, but on your cost of attending school, whether you are a full-time or part-time student, and whether you attend school for a full academic year or less.
Federal Pell Grant funds will be applied directly to your education costs. Triangle Tech will notify you in writing how and when you will be paid and how much your award will be. Federal Pell Grant funds will be disbursed once per term.
Federal Supplemental Education Opportunity Grant
Federal Supplemental Educational Opportunity Grants provide financial aid for students who qualify. They do not have to be repaid, unless you fail to complete your period of enrollment. This grant is for undergraduate students with exceptional financial need.
At Triangle Tech, you can receive between $100 and $600 a year if you qualify, depending on when you apply, your level of need, and the funding available at the school.
Triangle Tech will apply FSEOG funds directly to your school costs. We will notify you in writing how and when you will be paid and how much your award will be. Federal SEOG funds will be disbursed once per term.
State grant programs available to our students who qualify:
Pennsylvania Higher Education Assistance Agency (PHEAA)
The PHEAA state grant program provides grants to eligible Pennsylvania residents who are in need of financial aid to attend a PHEAA approved school as undergraduate students.
The PHEAA state grant program provides grants to eligible Pennsylvania residents who qualify and are in need of financial aid for students to attend a PHEAA approved school.
In order to qualify for a PHEAA state grant you must:
- be a Pennsylvania resident
- be a high school graduate or have a GED
- meet financial need criteria
- be enrolled on at least a half-time basis in a PHEAA-approved program of study
- demonstrate academic progress to continue to receive aid
VA Dependent Educational Assistance Program
The VA Dependent's Educational Assistance program provides benefits to students who have a parent who has a permanent disability or has died as a result of service in the U.S. Armed Forces.
Veterans Education Benefits - Triangle Tech is approved for Montgomery GI Bill Veterans Education Benefits and Post 9/11 Veterans Education Benefits on a program of study by location basis. Triangle Tech is also approved for the Yellow Ribbon Program in 2011-2012. More information can be found at www.gibill.va.gov. Simply pick the “choose a school” link, enter Triangle Tech, and click on the PA section of the US map at the bottom of the webpage.
Vocational Rehabilitation Program
The Vocational Rehabilitation program provides financial aid and support services to students with hearing, sight, and other disabilities.
Triangle Tech Student Lending Code of Conduct
Triangle Tech is committed to providing students and their families with the best financial aid information and processing alternatives available regarding student borrowing. In support of this and in an effort to rule out any perceived or actual conflict of interest between Triangle Tech officers, employees or agents and education loan lenders, Triangle Tech has adopted the following Code of Conduct:
Triangle Tech does not participate in any revenue-sharing arrangements with any lender.
Triangle Tech does not permit any officer, employee or agent of the school who is employed in the financial aid office or is otherwise involved in the administration of education loans to accept any gifts of greater than a nominal value from any lender, guarantor or servicer.
Triangle Tech does not permit any officer, employee or agent of the school who is employed in the financial aid office or is otherwise involved in the administration of education loans to accept any fee, payment or other financial benefit (including a stock purchase option) from a lender or affiliate of a lender as compensation for any type of consulting arrangement or contract to provide services to a lender or on behalf of a lender relating to education loans.
Triangle Tech does not permit any officer, employee or agent of the school who is employed in the financial aid office or is otherwise involved in the administration of education loans to accept any thing of value from a lender, guarantor, or group of lenders and/or guarantors in exchange for service on an advisory board, commission or other group established by such a lender, guarantor group of lenders and/or guarantors. Triangle Tech does allow for the reasonable reimbursement of expenses associated with participation in such boards, commissions or groups by lenders, guarantors, or groups of lenders and/or guarantors.
Triangle Tech does not assign a lender to any first-time borrower through financial aid packaging or any other means.
Triangle Tech recognizes that a borrower has the right to choose any lender from which to borrow to finance his/her education. Triangle Tech will not refuse to certify or otherwise deny or delay certification of a loan based on the borrower’s selection of a lender and/or guarantor.
Triangle Tech will not request or accept any offer of funds to be used for private education loans to students from any lender in exchange for providing the lender with a specified number or volume of Title IV loans, or a preferred lender arrangement for Title IV loans.
Triangle Tech will not request or accept any assistance from any lending institution with call center or financial aid office staffing.
Federal Perkins Loans
A Federal Perkins Loan is a low interest (5%) education loan for students with exceptional financial need. Your school is your lender and the loan is made with government funds. You must repay this loan to your school.
Triangle Tech has established a maximum award of $5,500 and a minimum award of $300 per academic year.
Triangle Tech will apply Federal Perkins funds directly to your school costs. We will tell you in writing how and when you will be paid and how much your award will be. Federal Perkins loan funds will be disbursed once per term.
William D. Ford Federal Direct Loans (DL)
Direct Loans are low-interest loans for students and parents to help pay for the cost of a student's education after high school. The lender is the U.S. Department of Education rather than a bank or other financial institution. In the Direct Loan program, you borrow directly from the federal government and have a single point of contact, the Direct Loan Servicing Center, for everything related to the repayment of your loans, even if you receive Direct Loans at different schools.
If you're a dependent undergraduate student, you can borrow up to the following amounts:
$5,500 if you're a first year student enrolled in a program of study that is at least a full academic year. (At least $2,000 of this amount must be in unsubsidized loans.)
$6,500 if you've completed your first year of study and the remainder of your program is at least a full academic year. (At least $2,000 of this amount must be in unsubsidized loans.)
If you're an independent undergraduate student or a dependent student whose parents are unable to get a PLUS loan you can borrow up to:
$9,500 if you're a first year student enrolled in a program of study that is at least a full academic year. (At least $6,000 of this amount must be in unsubsidized loans.)
$10,500 if you've completed your first year of study and the remainder of your program is at least a full academic year. (At least $6,000 of this amount must be in unsubsidized loans.)
The interest rate effective for all new federal subsidized Direct loans first disbursed between 7/1/11 and 6/30/12 is a fixed rate of 3.4%.
The interest rate effective for all new federal unsubsidized Direct loans first disbursed between 7/1/11 and 6/30/12 is a fixed rate of 6.8%.
After you graduate, leave school, or drop below half-time enrollment, you have six months before you must begin repayment of this type of student loan. This is called a grace period. During your grace period, you'll receive information about repayment and will be notified of the date repayment begins. However, you are responsible for beginning repayment on time, even if you don't receive this information. Payments are usually due monthly.
Federal Direct PLUS Loans
Parents who do not have a bad credit history can borrow a PLUS Loan to pay the education expenses of a child who is dependent student enrolled at least half time in an eligible program at an eligible school.
To be eligible for a PLUS loan, your parents will be required to pass a credit check. A parent can not be turned down for having no credit history, only for having an adverse one. If your parents don't pass the credit check, they might still be able to receive a loan if someone, such as a relative or friend who is able to pass the credit check, agrees to co-sign the loan. A co-signer promises to repay the loan if your parents fail to do so. Your parents might also qualify for a loan even if they don't pass the credit check as long as they can demonstrate that extenuating circumstances exist.
The yearly limit on a PLUS Loan is equal to your cost of attendance minus any other student financial aid you get.
The interest rate effective for all new federal Direct PLUS loans first disbursed between 7/1/11 and 6/30/12 is a fixed rate of 7.9%.
The first payment is due within 60 days after the final loan disbursement for the year. There is no grace period for these studentloans. Interest begins to accumulate at the time the first disbursement is made, and your parents will begin repaying both principal and interest while you are in school. Your parent may contact the lender regarding annual deferment options that may be available while you are enrolled in a post-secondary institution.
It is Triangle Tech’s recommendation that this financing option be used only after you have completed the 2011-2012 Free Application for Federal Student Aid and have exhausted all Federal and State financial assistance, including but not limited to, grants, which you do not have to repay, and federal subsidized and/or unsubsidized loans and/or PLUS loans through the Direct Loan Program, which you do have to repay.
If you choose to borrow an alternative loan in addition to the Federal Direct Subsidized and Unsubsidized loan(s) which you have borrowed or will borrow under the Direct Loan Program, this loan will require an additional, separate repayment plan with terms and conditions different from the terms and conditions of the loans which you have borrowed under the Direct Loan program. Therefore, we encourage you to carefully consider the amount of loan funds you request - borrow wisely. Your eligibility for loan funds will be determined based upon your enrollment status at Triangle Tech, the loan period, the educational costs for the loan period and the anticipated and/or received financial aid resources you will have for the loan period.
For a copy of the Private Education Loan Applicant Self-Certification Form please click here. If you are considering an alternative loan as a financing resource, your Triangle Tech Financial Aid Advisor will complete Section 2 of this form. You will then need to provide this form to your lender.
The Interest Free Installment Payment Plan (IPP)
Installment Payment Plan (IPP)
Triangle Tech's IPP Plan enables you to make regularly scheduled monthly payments of all or a portion of your tuition and fees free of interest or finance charges. In addition, IPP allows you to determine how much of your tuition, fees, books and supplies you want to pay in installments. This feature affords you the ability to budget costs as best fits your personal circumstances. The sooner you get started, the lower your monthly payments.
Triangle Tech Scholarships
Triangle Tech awards one scholarship for each of its Associate in Specialized Technology degree programs annually. Candidates should demonstrate outstanding achievement, talent, or leadership qualities. Financial need is not a consideration in determining these awards.
Application forms and complete details can be obtained by contacting any Triangle Tech location or by calling 1-800-874-8324. High school students may obtain an application from their guidance counselor.
Many civic clubs, professional organizations, labor unions and private businesses offer scholarships and other types of aid to students. All scholarship announcements received by the school are posted on student bulletin boards throughout the school. The financial aid office will also assist you in locating private scholarship opportunities on request. High school students may contact their guidance counselor to learn more about privately sponsored financial aid opportunities.
Imagine America Scholarship
The award-winning Career College Foundation (CCF), Imagine America scholarship program helps thousands of high school seniors each year to pursue a postsecondary career education at hundreds of career schools across the United States. Each year, every high school in the United States and Puerto Rico can select up to three graduating seniors to receive a $1000 Imagine America Scholarship. High school students applying for admission to Triangle Tech should check with their high school guidance office for more information.
Imagine America - Military Award Program (MAP)
The Imagine America -Military Award Program (MAP) is a national aid program established by the Career College Foundation (CCF). Triangle Tech offers 15-$1000 (MAP) career education awards which are available annually to any eligible active duty and honorably discharged or retired veteran of a United States military service branch for attendance at Triangle Tech. Students also must meet Triangle Tech’s standard admissions requirements for the requested program of study. MAP certificates are non-transferable, non-negotiable and non-refundable and have no cash value. Only one certificate will be awarded to each eligible recipient.
Worksmith Institute Scholarship
The Worksmith scholarship program is intended to assist Pennsylvania students in post-secondary education who have exhausted all other sources of tuition assistance including PHEAA, PELL, SEOG as well as parental/spousal contributions. Before a student finds it necessary to drop-out of school for unmet need, he/she may apply to Worksmith Institute for assistance. Funds are limited and all awardees are selected by the Worksmith Institute.
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