Adult students who are seeking enrollment or who are currently enrolled in CV-TEC have a variety of financial aid opportunities available to them. Depending upon eligibility, students may qualify for one or more of the following financial aid options:

Federal Financial Aid
In accordance with federal United States Department of Education (USDOE) Title IV guidelines, students may apply for financial aid if the length of their desired program exceeds 600 hours. Due to their length, short term and evening courses do not qualify for federal financial aid; however, other financial aid options may apply (see “Other Financial Aid Sources” below).

Federal Pell Grant
Students seeking Federal Financial Aid may qualify for a Pell Grant. Pell Grants are based on demonstrated need and require the applicant to complete a “Free Application for Federal Student Aid” or FAFSA Form. The maximum Pell award for a full time student during the 2017-2018 school year will be $5,920.

To complete a FAFSA form, simply go to the FAFSA website at: http://www.fafsa.ed.gov. Applicants will need a copy of their Federal Tax Return and CV-TEC’s school code (015050).

Important: In order to receive Pell funds or a Federal Direct Student Loan, you MUST complete the FAFSA process.

Federal Direct Student Loans
Since the amounts of Pell Grant awards are limited, students may seek to cover remaining educational charges by applying for Federal Direct Subsidized and/or Federal Unsubsidized Student Loans. The amount of money applicants are eligible to borrow can vary depending on program type.

Steps to apply for a Federal Direct Student Loan include:

1. Complete and submit your FAFSA form online
2. Visit the FDSL website at StudentLoans.gov (http://www.studentloans.gov)
3. Click on Master Promissory Note
4. Click on Subsidized/Unsubsidized (Note: Applicants will need to use same log in information used for the FAFSA. Please use G08437 as the school code to insure that the application is sent to CV-TEC.)

Generally speaking, full day independent students may borrow a minimum of $9,500. Full day dependent students may borrow a minimum of $5,500. Students are asked to call the Financial Aid Office, or to refer to their Award Letter for exact loan amounts that you are eligible to borrow.

Federal Direct PLUS (Parent) Loans
For dependent students who need additional assistance, Direct PLUS (Parent) Loans are available. Direct PLUS (Parent) Loans are credit based and repayment starts once the loan has been fully disbursed. To apply for a Direct PLUS (Parent) Loan:

1. Proceed to StudentLoans.gov (http://www.studentloans.gov);
2. Use your FAFSA log in information to click on the desired links.

Please Note: If a Direct PLUS (Parent) Loan is denied, the student will be eligible to increase their unsubsidized student loan amount. For more information, please contact the Financial Aid Office.

Financial Aid: Important Title IV Consumer Information Disclosures
Click here to visit our Title IV Consumer Information Disclosure site for more information.

Other Sources of Financial Aid

• Training Grants: Contact OneWorkSource/DOL. For more information call (518) 561-0430
• Vocational Rehabilitation: Contact ACCES–VR. For more information call 1-800-882-2803
• Training Grants/EPE/TANF: Contact CV-TEC’s HSE Program. For more information call (518) 561-0430, ex. 3088
• Training Grants: Contact JCEO. For more information call (518) 561-6310.
• Training Grants: Contact Veteran’s Administration. For more information call (518) 957-2242
• Sallie Mae Career Training Smart Options Loan. For more information go to Salliemae.com/CTSmartLoan (http://www.salliemae.com/CTSmartLoan)

For more information, call Mr. Chris Chaffin in the CV-TEC Financial Aid Office at: (518) 561-0100 x245 or email at: chaffin_chris@cves.org.

Additional links: Net Price Calculator – Gainful Employment Information – Refund Policy – Treatment of Title IV Procedure

Last updated: 11/27/17