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Aerosim Flight Academy

Orlando Sanford Campus
2700 Flightline Avenue
Sanford, FL 32773 USA

United States

+1 800 U CAN FLY

International

+1 407 330 7020

fax +1 407 323 3817

email info@aerosimacademy.com



September 22, 2014
You are here : Tuition & Funding  >  Financial Aid
Financial Aid

Financial Assistance Available from Federal Programs

Federal Pell Grants

Federal Pell Grant, unlike a loan, does not have to be repaid. Pell Grants are awarded usually only to undergraduate students who have not earned a bachelor’s or a professional degree. Pell Grants are considered a foundation of federal financial aid, to which aid from other federal and nonfederal sources might be added. Grant amounts are dependent on: the student’s expected family contribution (EFC) (determined by the information reported on the FAFSA); the cost of attendance (as determined by the institution); the student’s enrollment status (full-time or part-time); and whether the student attends for a full academic year or less. Students may not receive Federal Pell Grant funds from more than one school at a time.

To learn more about the Federal Pell Grant program, please visit www.federalstudentaid.ed.gov.


Direct Stafford Loan Program

Direct Stafford Loans, from the William D. Ford Federal Direct Loan (Direct Loan) Program, are low-interest loans for eligible students to help cover the cost of higher education at a four-year college or university, community college, or trade, career, or technical school. Eligible students borrow directly from the U.S. Department of Education (the Department) at participating schools.

Direct Stafford Loans include the following types of loans:

  • Direct Subsidized Loans—Direct Subsidized Loans are for students with financial need. Your school will review the results of your Free Application for Federal Student Aid (FAFSA) and determine the amount you can borrow. You are not charged interest while you’re in school at least half-time and during grace periods and deferment periods.
  • Direct Unsubsidized Loans—You are not required to demonstrate financial need to receive a Direct Unsubsidized Loan. Like subsidized loans, your school will determine the amount you can borrow. Interest accrues (accumulates) on an unsubsidized loan from the time it’s first paid out. You can pay the interest while you are in school and during grace periods and deferment or forbearance periods, or you can allow it to accrue and be capitalized (that is, added to the principal amount of your loan). If you choose not to pay the interest as it accrues, this will increase the total amount you have to repay because you will be charged interest on a higher principal amount.

Direct PLUS Loans for Parents

Parents of dependent students may apply for a Direct PLUS Loan to help pay their child’s education expenses as long as certain eligibility requirements are met.

To be eligible for a Direct PLUS Loan for Parents:

  • The parent borrower must be the student’s biological or adoptive parent. In some cases, the student’s stepparent may be eligible.
  • The student must be a dependent student who is enrolled at least half-time at a school that participates in the Direct Loan Program. Generally, a student is considered dependent if he or she is under 24 years of age, has no dependents, and is not married, a veteran, a graduate or professional degree student, or a ward of the court.
  • The parent borrower must not have an adverse credit history (a credit check will be done). If the parent does not pass the credit check, the parent may still receive a loan if someone (such as a relative or friend who is able to pass the credit check) agrees to endorse the loan. The endorser promises to repay the loan if the parent fails to do so. The parent may also still receive a loan if he or she can demonstrate extenuating circumstances.
  • The student and parent must be U.S. citizens or eligible noncitizens, must not be in default on any federal education loans or owe an overpayment on a federal education grant, and must meet other general eligibility requirements for the federal student aid programs.

Note: Before July 1, 2010, Stafford, PLUS, and Consolidation Loans were also made by private lenders under the Federal Family Education Loan (FFEL) Program. As a result of the Health Care and Education Reconciliation Act of 2010, no further loans will be made under the FFEL Program as of July 1, 2010. All new Stafford, PLUS, and Consolidation Loans come directly from the Department under the Direct Loan Program.

To learn more about the Direct Stafford Loan programs and the Parent PLUS loan program please visit www.studentloans.gov.


Veterans Educational Benefits

Aerosim Flight Academy is approved by the Florida Department of Veterans Affairs State Approving Agency so that eligible persons can receive their VA Educational Benefits while attending the Academy. Students interested in VA Educational Benefits should contact the Financial Aid Department.

Veterans who are unsure of their eligibility or have questions about their entitlement should contact the U.S. Department of Veterans Affairs (1-888-GIBILL1). Eligible students enrolled in flight training at Aerosim must maintain satisfactory academic progress in the program in which they enroll to continue receiving VA education benefits.

Apply for Financial Aid

Click on www.fafsa.ed.gov. Aerosim Flight Academy’s school code is 041571. If you have never completed a FAFSA application, you may be directed to apply for a PIN (Personal Identification Number), which will allow you to sign your application electronically. You will receive your PIN immediately.

*Financial aid is available to those who qualify.