Financial Assistance Programs Available at Career Academy

“Your education is an investment that can repay you many times over in the years to come. Our Financial Aid Team will assist you in achieving your career goals.

Career Academy participates in the Title IV Federal Student Financial Assistance Programs (FPELL, FFELP Stafford Loans, and Federal PLUS Loans) and is approved by the New York State Education Department for the training of Veterans, and is accepted for referrals under VESID and JTPA.

Financial aid programs offer a way to bridge the gap between what the student and family can provide and what it will cost to attend the school if you qualify.

The Career Academy of New York uses the Free Application for Federal Student Aid application (FAFSA) to determine eligibility for the PELL Grant and FFELP Stafford Loan programs.

Concept of Financial Need

You do not have to be from a low-income family to qualify for financial aid, but you do have to have “financial need.” Your “need” is the difference between what it costs to attend a particular school and what you and your family can contribute.

Educational Costs

In addition to the costs of your tuition and fees, books and supplies, which can be found in the school catalog, financial aid programs also estimate how much it costs to live under various circumstances (i.e. depending upon whether you live with your parents or in a separate dwelling). This amount is called the “student expense budget.” The Financial Aid Office measures your ability to contribute against the appropriate student expense budget.

Although school costs vary, the amount you are able to pay stays the same. That is where financial aid helps. Financial aid programs offer a way to bridge the gap between what the student and family can provide and what it will cost to attend the school.