Types of Financial Aid
The Art Institute of Dallas participates in federal and other financial aid programs. Financial Aid is available for those who qualify. Financial Aid is divided into three general categories:
Gift Aid
These are grants, scholarships, and other benefits that do not have to be repaid. Most grants are based on financial need, as determined by a federal formula, and are given by the federal or state governments; most scholarships are based on criteria such as grades or affiliations or other criteria, and may or may not also include a financial need component; most benefits are based on a combination of criteria.
- Federal Pell Grants
- Federal SEOG (Supplemental Education Opportunity Grant)
- Art Institute Scholarships
- Other Scholarships
- Vocational Rehabilitation
- Veterans Benefits
- Tax Benefits
Loans
Loans do need to be repaid; repayment can usually be delayed until several months after the student leaves school. Some loans, such as Federal Stafford loans, are given to students in their own names; some loans, such as Federal PLUS loans are given to parents of dependent students. Some loans are based on the student's financial need; some loans require a credit check; some loans are available regardless of income. There are alternative education loans, given by private lenders to students, which may or may not require a cosigner.
- Federal Subsidized Stafford Loan
- Federal Unsubsidized Stafford Loan
- Federal PLUS Loan (Parent Loan for Undergraduate Students)
- Alternative Loan
- Home Equity Loan
- Education Finance Loan
Work
Some students choose to work to help pay their living expenses while attending school. The Art Institute of Dallas participates in the Federal Work-Study program, and also assists students to find part-time jobs in the community.
- Federal Work-Study
- Part-time job assistance