Financial Aid/Shopping sheet

Financial Aid

Federal Financial Aid

PITC – Participates in the following Federal Title IV financial aid Programs:

• Federal PELL Grant Program: current Maximum of $6195.00, 2019-20
• Federal Subsidized Direct Loan program: current Maximum of $3,500.00 for 1st academic year (Based on need)
• Federal Unsubsidized Direct Loan program: current Maximum of $2,000. for dependent students, and $6,000 for independent students for the 1st academic year.(Based upon program costs)
• Federal PLUS Loan Program: – A federal program available for parents of dependent students to borrow for a son or daughter who needs additional funds (Based upon program costs, and creditworthiness of parent).

To Apply: First go to fsaid.ed.gov to create a Username and Password. This will allow you to access student and parent Title IV web sites. Among them are fafsa.ed.gov and studentloans.gov.

Once your username and password have been created, go to fafsa.ed.gov to apply for Title IV assistance. The school cod for PITC INSTITUTE is: G37813. Using this will allow the school to determine how much TITLE IV aid you are entitled to receive. NOTE: For all programs beginning before July 1 2019, will need to complete 2019-20 FAFSA.

New Students: Please visit studentloans.gov to complete (1) Entrance counseling and (2) sign Master promissory note.

Other Sources of Funding for Students Information Only

1. Pennsylvania Careerlink:
   Who can apply?
   Unemployed (dislocated) workers.
   Where to apply?
   Visit www.cwds.state.pa.us for more information.
2. Vocational Rehabilitation Programs (OVR)
   Who can apply?
   Persons with a disability.
   Where to apply?
   Visit www.portal.state.pa.us for more information.
3. Trade Adjustment Act (TAA)
   Who can apply?
   Dislocated workers due to transfer of company to another country (NAFTA).
   Where to apply?
   Visit www.doleta.gov/tradeact for more information.
4. Public Assistance
   Who can apply?
   Those who qualify for public assistance.
   Where to apply?
   Visit www.humanservices.state.pa.us/compass.web for more information.
5. Financing by PITC (Payment Plans)

NOTE: Currently PITC does not participate in any Private Loan programs for educational funding. Private loans usually require a higher interest payment, and do not provide the repayment options available to students who qualify for the Federal Title IV loan programs of the Higher Education Act of 1965.  It is the goal of PITC that student loan borrowing be kept at a minimum.