What financial aid options are available?

Everest College offers a variety of financial aid options to help students manage the costs of their education. The primary financial aid sources include federal financial aid, state financial aid, institutional scholarships, and private loans. Federal financial aid is a significant component, with programs such as the Federal Pell Grant and the Federal Direct Loan programs. Pell Grants are typically awarded based on financial need and do not require repayment. In contrast, Direct Loans are borrowed funds that students must repay after they graduate or drop below half-time enrollment. Additionally, students may be eligible for the Federal Work-Study program, which provides part-time job opportunities to help cover educational expenses. State financial aid may vary depending on the student's location and can include grants or scholarships administered by the individual state's educational agency. It is essential for students to research what is available in their state and determine eligibility requirements. Everest College may also offer institutional scholarships based on academic merit, financial need, or specific program enrollment. These scholarships are intended to help students offset tuition and other related costs. Lastly, private loans from banks or financial institutions may be considered as an option, though these loans typically require repayment with interest. It is important for students to carefully evaluate the terms and conditions of private loans. For the most up-to-date and detailed information regarding specific financial aid options and eligibility, it is advisable to consult the Everest College website, where students can find resources and guidance tailored to their needs.