Financial Aid For Medical Career Training

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Financial aid for medical career training is available to those who qualify. We encourage you to give us a call at (908) 851-7711 to discuss your options.

Healthcare Training Institute understands that education is a valuable investment for your career. That is why the office of financial aid for medical career training is available to encourage students to make the right investments for their future.

Healthcare Training Institute supports its students by creating financial assistance plans to cover the cost of their education. The plans may consist of federal grants, student loans, alternative funding, HTI-payment plans, plus agency funding or the combination of several plans.

The Office of Financial Aid for medical career training will assist you through multiple options to choose a suitable mode of payment for your education.

Financial Aid Eligibility

In order for students to be eligible for and to receive Financial Aid, they must abide by certain policies. Students are cautioned, however, that since federal regulations and statutes change frequently, these policies are subject to change without notice. In general, students may be eligible for or continue to receive Federal Aid if he or she:

  • Is accepted into one of the financial aid eligible programs, Medical Assistant, Medical Billing and Coding, Patient Care Tech, Diagnostic Medical Sonographer and Diagnostic Medical Ultrasound Technologist
  • Is a citizen of the United States or eligible non-citizen, such as
permanent residents of the U.S. (possessing an alien registration, Form I-551). Other individuals who may be eligible for aid are those possessing a conditional permanent residency (I-551C) or an I-94 Arrival-Departure Record (I-94) from the U.S. Immigration and Naturalization Service showing any one of the following designations: “Refugee,” “Asylum Granted,” “Indefinite Parole, or Cuban-Haitian Entrant.” Students with an F1 or F2 student visa, or J2 or J2 exchange visitor visa, or a G series visa (pertaining to international organizations) are, by definition, in this country on a temporary basis and are not eligible to receive any assistance. Documentation of permanent residency status may be required in order to receive financial aid.
  • Is making continual satisfactory progress in his or her course of study and maintains both a passing grade and a continual 90% attendance rate,
  • Is not in default on a prior federal loan,
  • Is not in arrears with respect to a refund or repayment to any student aid program,
  • Is registered, if required, with the Selective Service Administration
  • Has not been convicted of any offense involving the sale or possession of a controlled substance.

Students who do not meet the requirements stated in section 4 (above) will be placed on Financial Aid Probation. Continued dereliction will result in the student being placed on Financial Aid Suspension and thus ineligible for any future financial aid consideration.

Applying for Financial Aid

In order to apply for student financial aid such as grants and loans from the federal government, eligible students are required to submit a Free Application for Federal Student Aid (FAFSA). You must submit the FAFSA (or the shorter Renewal FAFSA) every year that you will be seeking financial aid.

While the FAFSA is available in both paper and electronic formats, it is highly recommended that you complete the on-line version at http://www.fafsa.ed.gov or by scheduling an appointment with the financial aid officer who can also provide you with the paper version. The electronic version is generally more accurate thereby enabling you to receive your Student Aid Report (SAR) quicker provided you supply a valid email address. It is recommended that, prior to completing the FAFSA, both you and your parents (if you are a dependent) obtain individual Federal Student Aid USER ID’s at https://fsaid.ed.gov/npas/index.htmUSER ID’s are required in order to electronically “sign” the FAFSA and to perform other FSA tasks, such as Loan Counseling, signing Master Promissory Notes, etc”. In order for your financial aid information to be provided to Healthcare Training Institute, you must identify HTI by utilizing Title IV School Code 038033.

Upon receipt of the SAR, you should review it carefully, provide any requested information or documentation and make any necessary corrections in accordance with the instructions. The financial aid officer can assist you in submitting the changes to the federal processor. Remember to retain a copy of the SAR for your records. After your file has been reviewed and financial aid eligibility (if any) determined, the financial aid officer will provide you with an official offer of financial aid.

Verification Requirements

All students that are selected by the Department of Education or the school for verification will be required to provide additional documentation which demonstrates the accuracy of the data which was previously submitted on the financial aid application. Students will be allowed 10 days to provide the information once it is requested. Failure to complete the verification process will result in the cancellation of financial aid which has been awarded.

For additional information for financial aid programs or questions, please contact the financial aid office at 908 851 7711.

Healthcare Training Institute Payment Plan

At the Healthcare Training Institute, we believe in helping students by advising them about the right choices. Their payments can be made in: Cash, Check, Money Order, or Credit Card. Please note that while making payments to HTI, there will be NO interest charged using this plan (HTI-Plan).

Options:

  1. 100% at start
  2. 30% deposit day of start
  3. Equal monthly payments over the course of the program
  4. Bi-Weekly or Weekly payments over the course of the program

Healthcare Training Institute provides financial aid for medical career training by offering numerous payment plans to help its students.

Title IV Funding:(Available to Qualified Applicants)

Title IV funding is Federal Financial Aid, including Pell grants, Stafford and Plus loans.

In a lot of cases grants and loans will cover the cost of the program. In other cases a balance remains and the student must arrange to pay it through the HTI- plan while attending school.

Student loans are designed for students and parents. They feature special interest rates that can be paid back in ten years.

Pell grants do not have to be paid back but, vary in amount depending on financial need.

Private Funding

Private funding can be used to supplement your Title IV financial aid. You can also choose private funding as your primary source to cover your school financing. Example: NJ class loans.

Agency

Healthcare Training Institute accepts all outside agency funding. This also varies, depending on agency type and available funds.
Example: Unemployment, Work Force, DVR, TRA, MOET, VA, Private Company or employer, or private organization.

To Apply for a Loan Of Financial Aid for Medical Career Training:

For your information: HTI-School Code # 038033

Links

Fasfa on the web: www.Fafsa.Ed.gov