Financial Aid

At Cortiva Institute, we understand that your education is an investment in your future. Affordability should never be an issue when making the decision to get an education!

We are proud to offer financial aid for those who qualify. We offer Title IV Federal Student Aid, including:

Pell Grants
Federal Direct Loans
Federal Direct PLUS Loans (for parents)
Federal SEOG
Federal Work Study (FWS)

In-School Payment Plans

Students can also pay cash on a weekly, monthly, or quarterly basis interest-free while they are attending school.

Financial Aid Eligibility

Generally, to qualify for federal, or state financial aid, you must meet the following criteria:

Be a U. S. Citizen or eligible non-citizen
Have a valid Social Security Number
Be registered with Selective Services if male.
- Male U. S. Citizens or resident aliens living in the U. S. born after 1960 are required to register between the ages of 18 and 25
Show you are qualified to obtain a post-secondary education by
- Having a high school diploma or recognized equivalent such as a General Education Development Certificate (GED)
- Completing a high school education in a homeschooled setting approved by the state in which you were home-schooled.

How to Apply for Financial Aid

Step 1 – Get a FSA ID The FSA ID is a username and password combination that give you access to Federal Student Aid’s on-line system. An FSA ID can also be used to electronically sign your FAFSA. If you do not have an FSA ID when you complete your FAFSA you will be prompted to apply for one. In order to get ahead on this process, you may create your FSA ID now. If you have not created an FSA ID, The Financial Aid team at the campus will assist you with this step during your initial Financial Aid appointment.

Step 2 – Complete the FAFSA Complete the Free Application for Federal Student Aid (FAFSA) on-line. Students currently enrolling and beginning classes prior to July 1, 2018, should complete the 2017-2018 FAFSA. The Financial Aid team at the campus will assist you with this step during your initial Financial Aid appointment.

Step 3 – Submit any additional documentation that might be required Once the Financial aid team receives the result of your FAFSA, they may contact you if additional documentation is required. Please you make sure to submit all documentation required. If the documentation is not received, we will be unable to process your aid for disbursement.

Types of Financial Aid

Pell Grant

A Pell Grant is federal funding that does not have to be repaid.

Availability:

Students in our programs who have not yet received a bachelor’s degree.

Eligibility Requirements:

Complete the FAFSA, as well as any additional financial aid requirements
Be a U. S. Citizen
Not have defaulted on a prior student loan or owe a refund to any previous federal aid program

Annual Amounts:

Will depend on the length of your program.
Full academic year amounts are $588-5,920 for the 2017-2018 academic year.

Federal Supplemental Educational Opportunity Grant (FSEOG)

Federal funding that does not need to be repaid.

Availability:

Available to Pell Grant eligible students, based on need, must complete all financial aid requirements
Must not have defaulted on a prior student loan or owe a refund to any previous federal aid program

Annual Amounts: At Cortiva, students who meet the criteria will receive between $100 to $500

Federal Direct Subsided Loan

This is a type of federal funding that is a loan, therefore it must be repaid. This loan offers an in-school interest subsidy provide by the federal government. This subsidy is available during the period of time this student is enrolled at Cortiva.

Eligibility:

Complete FAFSA
Demonstrate Financial Need
Must complete the Direct Loan Master Promissory Note and Entrance Interview.
Must not have defaulted on a prior student loan or owe a refund to any previous federal aid program.

Interest rate and fees:

Fixed rate of 4.45 for loans disbursed after July 1, 2017 and before July 1, 2018.
Loan fee of 1.066% for loans disbursed after October 1, 2017 and before October 1, 2018.

Annual Amounts:

This will vary depending on your program of study while attending Cortiva.

Federal Direct Unsubsidized Loan

This is a type of federal funding that is a loan, therefore it must be repaid.

Eligibility:

Complete FAFSA
Financial Need is not a requirement
Must complete the Direct Loan Master Promissory Note and Entrance Interview.
Must not have defaulted on a prior student loan or owe a refund to any previous federal aid program.

Interest rate and fees:

Fixed rate of 4.45% for loans disbursed after July 1, 2017 and before July 1, 2018.
Loan fee of 1.066% for loans disbursed after October 1, 2017 and before October 1, 2018.

Annual Amounts:

This will vary depending on your program of study while attending Cortiva.

Federal Parent Loan of Undergraduate Students (PLUS) Loan

This is a loan and therefore must be repaid. The Parent and not the student is the borrower in this loan program.

Eligibility

Student must complete the FAFSA
Student must be Dependent as determined by the FAFSA criteria
This loan requires the parent to be credit approved
Must complete Master Promissory Note and Entrance Counseling

Interest rates and Fees:

Fixed interest rate of 7.0% for loans disbursed after July 1, 2017 and before July 1, 2018.
Loan Fees of 4.264% for loans first disbursed after October 1, 2017 and before October 1, 2018.

Annual Amount:

Maximum amount is the full cost of education minus any other financial aid the student receives, there is no minimum amount.

Federal Work Study program (FWS)

The Federal Work-Study program is a need-based program that provides students with part-time employment opportunities at the campus.

FWS Students can work up to 20 hours a week and the rate of pay varies based on the position.

Net Price Calculators

FAFSA School Codes

Arlington, TX | 022796
Baltimore, MD | 032963
Cromwell, CT | 023166
King of Prussia, PA | 037663
Maitland, FL | 030086
Pompano Beach, FL | 030086
St. Petersburg, FL | 022796