Financial Services

The goal of NPTI’s Student Financial Aid Program is to provide financial support to qualified students who may not have the resources to pay for their education. The program helps students cover the costs of tuition, fees, books, supplies, and other approved educational expenses, allowing them to attend NPTI and pursue their academic and career goals. By offering this assistance, NPTI aims to make its education accessible to a wider range of individuals, regardless of their financial circumstances.

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About Financial Aid

The financial aid available to students at NPTI is dependent on the availability of funds from federal, state, institutional, and private sources. The amount of financial aid awarded to a student is determined based on their financial need as determined by a federal needs analysis.

Financial need is calculated as the difference between the cost of attending NPTI and the expected contribution from the student and their parents.

NPTI uses the Federal Application for Federal Financial Aid (FAFSA) and information provided by the applicant and their parents to determine the student’s financial need.

New Professions Technical Institute, Inc. is authorized by the U.S. Department of Education to assist its qualified students in obtaining financial aid funds from Institutional and Federal Financial Aid Programs.

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Financial Programs

Federal Pell Grants

Grants are Financial Aid Programs of “gift” aide, which are awarded to students based upon financial need. Due to the nature of these Aid Programs, Grants do not require to be repaid. Students may apply for the Federal Pell Grant. The Federal Pell Grant is usually considered the first source of student assistance. The Pell Grant amount that can be awarded to a qualified student is based on the student’s Expected Family Contribution (EFC), the Cost of Attendance (COA), and the student’s enrollment status. The Federal Pell Grant is not available for students who have earned a bachelor’s degree or higher weather in the United States or abroad.

Federal Seog

A Federal Supplemental Educational Opportunity Grant (FSEOG) is for undergraduates with exceptional financial needs, which means students with the lowest Expected Family Contributions (EFCs) and gives priority to students who receive Federal Pell Grants. The amount of funds that a student can receive depends on when they apply their level of need, and the funding level of the school. An FSEOG does not have to be repaid.

Federal Work Study Program

The Federal Work-Study Program provides jobs for undergraduate and graduate students with financial need by allowing them to earn money to help pay education expenses. The program encourages community service work and work related to the student’s course of study. Employment is part-time only. An application can be made through the School’s Financial Aid Department. Eligibility is based on financial need and the availability of funds.

Student Loans

Federal Student loans are available to students. These loans are made directly to students to help pay for their education. The student loans must be repaid. Please consult with the Financial Aid Officer of the school and refer to The Student Guide from the US Department of Education. For additional information, here

General Eligibility Requirements

To qualify for financial assistance from any Federal or State, Student Financial Assistance Program (SFA), the student must:

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Be either a US Citizen (or US national) or an eligible noncitizen.

The term “national” includes citizens of American Samoa and Swain’s Island. (1)

Be qualified to study at the postsecondary level.

For Student Federal Aid (SFA) purposes, a student with a high school diploma, or a General Education Development (GED) certificate, or any other recognized equivalent is considered qualified.

Demonstrate to have a legitimate financial need.

This determination is made based on the definition of “Financial Need” as described in the Student Financial Assistance Programs (SFA). (2)

Maintain satisfactory academic progress toward the completion of the student’s academic program of study.

The student must maintain a minimum cumulative Grade Point Average (GPA) of 2.00 or higher. (3)

Be at least a ½ time student who is enrolled (or is accepted by the Institution for enrollment) in an eligible program

to obtain, upon satisfactory completion of all the requirements for graduation, a diploma or other recognized credential. (4)

Not owe a refund

On a Federal Pell Grant and Federal Supplemental Educational Opportunity Grant (FSEOG) programs that may have been awarded in excess.

Not be in default

On a Federal Pell Grant and Federal Supplemental Educational Opportunity Grant (FSEOG) programs that may have been awarded in excess.

Agreed to abide by the terms

Of the “Drug-Free School and Communities Act” as a condition of enrollment.

(1)Eligible non-citizens include: a. US permanent residents who have an Alien Registration Receipt Card (I-551). b. Conditional permanent residents who have a Conditional Alien Registration Receipt Card (I-551C). c. Other eligible non-citizens that have an Arrival-Departure Record (I-94) from the US Immigration and Naturalization Service showing any of the following designations: refugee, asylum granted indefinite paroles, humanitarian paroles, and Cuban-Haitian entrants.

(2)  To this effect, both the students’ Cost of Attendance (COA) and the Expected Family Contribution (EFC) must be calculated. A positive value in the calculation of COA – EFC identifies a “Financial Need.”

(3) See “Satisfactory Academic Standards of Progress” under “Academic Regulations” for more details.

(4) Some educational program offered at New Professions Technical Institute, Inc. may require full-time enrollment.

FAQs, general conditions and definitions

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