Financial Aid
We believe that the information contained in this guide is accurate at the time of publication. However, as regulations may change, some of the information contained in this guide is subject to change. Please contact the Financial Aid Office if you have questions or concerns.
What financial aid is available?
The following is a list of Federal Financial Aid Programs in which Platt College participates and the minimum and maximum award amounts:
Federal Pell Grant – Available almost exclusively to undergraduates; Award amounts depend upon student eligibility but range from $220 to $5,550 for the 2010-11 award year.
Federal Supplemental Educational Opportunity Grant – Exclusively for undergraduates with exceptional financial need; Priority is given to Federal Pell Grant recipients. Award amounts are based on program funding and availability of funds ranging from $200 to $600.
Federal Work Study –This program provides part-time employment for undergraduate students to assist with the financial costs of their education. The program is based on student eligibility as determined by the Department of Education.
Academic Competitiveness Grant (ACG) – This program can provide up to $750 for the first year and up to $1,300 for the second year of undergraduate study to full-time students who are eligible for a Federal Pell Grant. Eligibility is also based on successful completion of a rigorous high school program, as determined by the state or local education agency and recognized by the Secretary of Education. Second year students must maintain a cumulative grade point average (GPA) of at least 3.0.
Federal Stafford Loans
- A Subsidized loan is awarded on the basis of financial need. Interest does not accrue while in-school or during deferment periods. Repayment begins six months after graduation or after the last date of attendance, whichever comes first.
- An Unsubsidized loan is not awarded on the basis of need. Interest accrues from the time the loan is disbursed until it is paid in full.
Stafford Loan Limits
|
Year |
Dependent Undergraduate Student (Note exception in next column) |
Independent Undergraduate Students (and dependent students whose parents are not approved for PLUS Loans) |
|
First Year |
$5,500—No more than $3,500 of this amount may be in subsidized loans. |
$9,500—No more than $3,500 of this amount may be in subsidized loans. |
|
Second Year |
$6,500—No more than $4,500 of this amount may be in subsidized loans. |
$10,500—No more than $4,500 of this amount may be in subsidized loans. |
|
Third and Beyond (Each year) |
$7,500—No more than $5,500 of this amount may be in subsidized loans. |
$12,500—No more than $5,500 of this amount may be in subsidized loans. |
|
Maximum Total Debt from Stafford Loans (Aggregate loan Limits) |
$31,000—No more than $23,000 of this amount may be in subsidized loans. |
$57,500—No more than $23,000 of this amount may be in subsidized loans. |
Federal PLUS Loan – This is a credit-based loan program that enables parents to borrow funds to pay for educational expenses if the student is a dependent undergraduate enrolled at least half time. The lender deducts an Origination Fee of up to 4% of the loan. However, if the parent is denied, the student can qualify for an additional $4,000 in Unsubsidized Loans for the academic year.
Platt College also participates in the following State Financial Aid Programs:
California State Grants – The state grant program provides grants to eligible California residents who are in need of financial aid. Platt College students who are eligible and are enrolled in a degree- granting program may receive a state grant ranging from $2,068 to $15,012 as a full-time student in the 2010-11 academic year.
Private Loans & Scholarships
Students and parents who do not qualify for Title IV funds or who need additional funds to cover educational expenses beyond what is covered by Title IV funds may apply for private loans and/or scholarships. Platt College participates with lending institutions that offer private loans. To qualify, a student must be a US citizen, a US national, or a permanent resident. In addition to private loans, scholarships are also available to students. Scholarship eligibility criteria vary. The Financial Aid Department will be happy to assist students who wish to apply for private loans or scholarships.
Tuition & Fees
Tuition and Fees vary by program. For the most up-to-date information, please contact our admissions team or click on the link below to view our course catalog.
If you would like to download a complete course catalog in PDF format, please click here.