Financial Aid

Welcome Message

Welcome to the Financial Aid Center for Angeles Institute! Our mission is to help aspiring nurses achieve their educational goals by providing comprehensive financial aid resources and support. We understand that financing your education can be challenging, and we are here to guide you through the process of exploring and securing financial assistance for our program. Whether you're a new student or a returning learner, we are committed to making your nursing education affordable and attainable.

Financial Aid Summary

At Angeles Institute financial aid is available in the form of Federal Student Aid (FSA) and through private student loan sources. Our goal is to create a personalized financial plan that meets the prospective student's needs.

Federal Student Aid Summary

Federal Student Aid (FSA) is available for programs approved by the United States Department of Education. The Federal Student Aid program offers a variety of grants and loans to provide prospective students with the resources to finance their education. Federal student grants are offered to students who qualify and these funds are not required to be repaid. Federal student loans are loans that are offered to students by the United States Department of Education. These loans are designed to help students pay for their education expenses, including tuition, fees, books, and living expenses. Here are some important things to know about federal student loans:

Prospect student must complete the Free Application for Federal Student Aid (FAFSA) to determine eligibility for FSA grants and loans
Federal grants (PELL or FSEOG) are funds that do not require repayment
Federal student loan repayment is deferred while the student is attending school
Federal student loan interest rates are usually lower than conventional private student loan rates
Federal student loans have flexible, including income-driven, repayment plans.

Tuition and Fees:

Vocational Nursing

The total cost of the Vocational Nursing program is $33,891, which includes tuition, fees, and various essential items such as books, uniforms (3 theory and 3 clinical scrubs), first NCLEX examination, clinical fees, graduation fees, CPR Card and training, IV and Blood Certification, and fingerprinting fees. After graduation, an extensive NCLEX review course is also included. Additional costs include a $100.00 background check and drug screening fee and a $100 enrollment fee.

Nursing Assistant

The total cost of the Nursing Assistant program is $2,077, which includes tuition, fees, and various essential items such as books, uniforms (3 theory and 3 clinical scrubs), first certification examination fee, clinical fees, graduation fees, CPR Card and training, and fingerprinting fees. Additional costs include a $100.00 background check fee and a $100 enrollment fee.

Home Health Aide

The total cost of the Home Health Aide program is $300, when combine with the Nursing Assistant course which includes tuition, fees, and various essential items such as books and classroom materials,

Financial Aid Award Package:

We determine the financial aid award package for each student, considering the cost of attendance and the expected family contribution (EFC) determined by the FAFSA.

Net Price Calculator:

Estimate your potential costs and financial aid eligibility by using our Net Price Calculator. Visit http://angelesinstitutenetpricecalc.com/ to access the calculator. This tool will help you assess the approximate net price after factoring in scholarships, grants, and other forms of financial aid. Please keep in mind that the results are an estimate and may vary based on individual circumstances.

Types of Federal Student Aid:

Types of Grants:

There are several types of grants offered through Federal Student Aid (FSA). Angeles Institute participates in the PELL and Supplemental Educational Opportunity Grant (SEOG) programs. Each type of grant has different terms and conditions, so it is important to understand the differences between them before applying. Your Angeles Institute Financial Aid Advisor will help you with this process.

Here's a brief explanation of the federal student grant programs Angeles Institute participates in:

Grant 1: Pell Grant
Grant 2: Federal Supplemental Educational Opportunity Grant (FSEOG)

Federal Pell Grants usually are awarded only to undergraduate students who display exceptional financial need and have not earned a bachelor's, graduate, or professional degree.

For more information on the Pell Grant look here: https://studentaid.gov/understand-aid/types/grants/pell

You can receive between $100 and $4,000 a year, depending on your financial need, when you apply, the amount of other aid you get, and the availability of funds at your school.

Each participating school receives a certain amount of FSEOG funds each year from the U.S. Department of Education’s office of Federal Student Aid. Once the full amount of the school’s FSEOG funds has been awarded to students, no more FSEOG awards can be made for that year. This system works differently from the Federal Pell Grant Program, which provides funds to every eligible student.

So, make sure you apply for federal student aid as early as you can. Each school sets its own deadlines for campus-based funds. You can find a school’s deadline on its website or by asking someone in its financial aid office.

For more information on FSEOG look here: https://studentaid.gov/understand-aid/types/grants/fseog

Direct Subsidized Loans:
Direct Unsubsidized Loans:
Direct PLUS Loans:

Direct Subsidized Loans are available to undergraduate students with financial need. These loans are deferred (no payment required) while the student is enrolled. The interest on these loans is paid by the federal government while the student is in school and during certain other periods, such as deferment or grace periods.

For more information on Direct Subsidized Loan look here: https://studentaid.gov/understand-aid/types/loans/subsidized-unsubsidized

Direct Subsidized Loans are available to undergraduate students with financial need. These loans are deferred (no payment required) while the student is enrolled. Interest does accrue on these loans during the deferment and grace periods.

For more information on Direct Unsubsidized Loan look here: https://studentaid.gov/understand-aid/types/loans/subsidized-unsubsidized

The U.S. Department of Education makes Direct PLUS Loans to eligible parents through schools participating in the Direct Loan Program.

A Direct PLUS Loan is commonly referred to as a parent PLUS loan when made to a parent borrower.

To receive a parent PLUS loan, you must

be the biological or adoptive parent (or in some cases, the stepparent) of a dependent undergraduate student enrolled at least half-time at an eligible school;
not have an adverse credit history (unless you meet certain additional requirements); and
meet the general eligibility requirements for federal student aid

FEDERAL STUDENT AID LOAN FACTS:

It's important to note that each type of loan has different terms and conditions, such as interest rates, loan limits, and repayment options. It's important for borrowers to understand these differences and to carefully consider their options before selecting a loan. Additionally, borrowers should make sure they fully understand the terms and repayment options before accepting any loan, as this can help them avoid unexpected costs or challenges down the line. For more information on the Direct Loan program check here: https://studentaid.gov/understand-aid/types/loans

Interest Rates:

The interest rates on federal student loans are fixed, meaning that they do not change over the life of the loan. The interest rates are set by Congress each year, and they vary depending on the type of loan. Check current rates here: https://studentaid.gov/understand-aid/types/loans/interest-rates

Repayment Plans:

Federal student loans offer a variety of repayment plans to help students manage their loan payments. These include standard repayment, graduated repayment, income-driven repayment, and extended repayment. Each plan has different requirements and payment schedules, so it is important to research and choose the best plan for your situation

Loan Forgiveness and Discharge:

There are several programs that may offer loan forgiveness or discharge for federal student loans, including Public Service Loan Forgiveness, Teacher Loan Forgiveness, and Total and Permanent Disability Discharge. These programs have specific eligibility requirements and conditions, so it is important to understand the details of each program before applying.

Application Process:

To apply for federal student loans, you must complete the Free Application for Federal Student Aid (FAFSA). This application is used to determine your eligibility for federal student aid, including grants, scholarships, and loans. The FAFSA can be completed here : https://studentaid.gov/h/apply-for-aid/fafsa

Overall, federal student loans can be a valuable resource for students who need help paying for their education. However, it is important to understand the terms and conditions of each loan before applying, and to carefully consider your repayment options and eligibility for loan forgiveness or discharge.

Private Student Loans

There are several types of Private Student Loans. Angeles Institute primarily works with TFC Credit Corporation and Sallie Mae's Smart Option loan program. Through these lenders we are able to offer a variety of loan options including variable or fixed interest rates, interest free loan, deferred payment loans and tiered loans. Each type of loan has different terms and conditions, so it is important to understand the differences between them before applying.

Application Process:

Step 1: Determine Eligibility:

Before applying for financial aid, ensure you meet the following requirements:

Be 17 years of age or older.
Hold a high school diploma (GED, CHSPE, or US Equivalent).
Possess a driver's license or permanent residency card.
Have a social security card.
Successfully complete and pass the entrance exam (Wonderlic) which evaluates English comprehension and mathematical ability.
Attend an interview with the Director of Nursing>

Step 2: Gather Documents:

To apply for financial aid, you'll need the following documents:

Identification (e.g., driver's license, passport).
Social security number.
Your/Parent/Spouse's Federal Tax Information (if applicable) for federal aid applications.

Step 3: Submit Applications:

Complete the Free Application for Federal Student Aid (FAFSA) online at http://www.fafsa.ed.gov using our school code: 041644.

This application determines your eligibility for federal grants, loans, and work-study programs. If interested in private loan programs, follow the application process provided by the respective lenders, such as Sallie Mae or TFC.

Step 4: Review and Accept Awards:

After submitting your financial aid applications, review the financial aid award package provided by Angeles Institute.

This package will outline the types and amounts of aid you are eligible to receive. Accept the awards that best suit your financial needs and circumstances.

Financial Counseling:

One-on-One Counseling:

We offer individualized financial aid counseling to assist you in understanding your financial aid package, loan options, and managing your budget throughout your vocational nursing program. Our counselors are available to answer your questions and provide personalized guidance.

Loan Management:

If you decide to take out student loans, our financial aid counselors will help you understand the terms, repayment options, and responsibilities associated with borrowing. We encourage responsible borrowing and will work with you to create a manageable loan repayment plan.

Budgeting Tips:

Learn valuable budgeting skills to make the most of your financial aid and personal finances during your time in the vocational nursing program. Our counselors can help you develop strategies to meet your expenses and avoid unnecessary debt.

This website and app helps users track their spending, create budgets, and set financial goals. It can be a useful tool for students who want to improve their financial management skills.