FINANCIAL ASSISTANCE & PAYMENT OPTIONS

Palm Beach Academy offers a variety of payment options and also participates in Federal financial aid programs. More information on these programs is available in the next section titled "Federal Financial Aid Programs".

Veteran's Benefits:

Veterans are admitted on the same basis and criteria as other applicants. Students seeking veteran's educational benefits must contact the Veterans Administration (VA) Certifying Official and/or Financial Aid Representative at the campus. Certification of enrollment is made by the VA Certifying Official. Funding from the Veterans Administration may be paid directly to the students by the Veterans Administration office. For other VA funds such as Chapter 33, the funds are sent directly to the school. The mon thly stipend, when students are eligible, is paid directly to the students via a check that may be picked up at the campus in which they are attending or a check is mailed. Below is a list of eligible programs offered by the school:
  • Chapter 30 (Montgomery GI Bill)
  • Chapter 31 (Vocational Rehabilitation and Employment
  • Chapter 33 (Post 9/11 GI Bill)
  • Chapter 35 (Survivors and Dependents Educational Assistance Program - DEA)
  • Chapter 1606 (Montgomery GI Bill Selected Reserve)
  • Chapter 1607 (Reserve Educa tional Assistance Program - REAP)
For a list of required documents for students to apply for VA Educational Benefits at Palm Beach Academy , please contact your Financial Aid representative and/or VA Certifying official at the campus. For additional inform ation regarding VA Educational Assistance and to download related forms go to www.va.gov or www.gibill.va.gov .

Scholarships for Children and Spouses of Deceased or Disabled Veterans and Service Members (CSDDV)

The Scholarships for Children and Spouses of Deceased or Disabled Veterans and Service Members (CSDDV) provides scholarship for dependent children or un - remarried spouses of Florida veterans or service members who died as a re sult of service - connected injuries, diseases, or disabilities sustained while on active duty or who have been certified by the Florida Department of Veterans Affairs as having service - connected 100% permanent and total disabilities. CSDDV also provides fun ds for dependent children whose parent is classified as a prisoner of war or missing in action by the Armed Forces of the United States or as civilian personnel captured while serving with consent or authorization of the United States Government during war time service. CSDDV provides a fixed award amount at an eligible public or private postsecondary institution in Florida. State Programs:
  • Florida Prepaid College Tuition Plans - While the benefits of the FL Prepaid College Plan may be used at this institut ion, the plan operators does not endorse any particular educational institution.
  • FL Bright Futures Scholarships
School Term Payment Plan:

This plan is for students who cannot afford to pay the tuition expense in full at start of classes or who may not qual ify for any other type of financial aid. This plan requires a set deposit towards tuition and then equal monthly installments over the term of the program not to exceed 10 months. The payments are due on the 1st school day of every month after enrollment start date. The total balance must be satisfied before graduation.

Contact our Financial Aid Department for information regarding any of these financial assistance programs or the School Term Payment Plan. All payment plans, tuition costs, and fees ar e subject to change without notice.

Reduction of Tuition or Fees:

A reduction in tuition, fees, or other charges may be implemented when there are specific criteria for student eligibility and selection procedures precisely disclosed within a policy at th e institution. All students within the enrollment period that the reduction is offered must be eligible to apply for this reduction under the same circumstance; however there shall be no reduction based upon the timing or method of payment.


FEDERAL FINANCIAL AID PROGRAMS

Palm Beach Academy does participate in Federal financial aid programs (also referred to as Title IV programs) and is available to those who qualify. We are able to offer our students access to the following programs.
  • Federal Pell Grant: This is a grant to assist under - graduates who have not earned a bachelor's or professional degree with education expenses. It does NOT have to be paid back.
  • William D. Ford Federal Subsidized Stafford Loan: This is a low interest loan for students attendi ng school at least half time. It MUST be paid back. Interest is non - bearing while students are attending school and during their grace period.
  • William D. Ford Federal Unsubsidized Stafford Loan: This is a low interest loan for independent students enrolle d at least half - time. It MUST be paid back. Interest will accrue on this loan and can be paid while the student is in school.
  • William D. Ford Federal PLUS Loan: This is a low interest variable rate loan for parents who want to borrow to help for their chil d's education. This loan is available only to parents with good credit histories. It MUST be paid back.
Any student who wishes to apply for Federal financial assistance must complete a Free Application for Federal Student Aid (FAFSA). The FAFSA can be fil led out electronically through the link provided, http://www.fafsa.ed.gov or a paper copy can be had by visiting the Financial Aid Office at the school. The FAFSA information is electronically transmitted to the Cen tral Processor and the school receives in return a processed Institutional Student Information Record (ISIR). The ISIR is used to determine Federal Pell Grant and William D. Ford Federal Direct Loan eligibility.

The Financial Aid office will retain the IS IR as documentation of the student's eligibility. (If a student wishes to have a printed copy of their ISIR, it may be requested from the school's Financial Aid office.)

Any prospective or existing students who would like more information Federal financial assistance can contact the Financial Aid office, during normal business hours (Mon - Thu, 9am – 8pm & Fri, 9am – 6pm). "The Guide to Federal Student Aid" and other publications are available at the school to assist students with questions about the program s. Copies are available as reference in the learning resource center or students can request a copy from in the Financial Aid office. An electronic version of the publication is available at the link provided:

http://studentaid.ed.gov/students/publications/student_guide/index.html

Students can also visit the website, www.federalstudentaid.ed.gov for more information. Palm Beach Academy does not work with or through an y private and/or preferred lenders.

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