Financing Your Education

Veterans and their dependents generally qualify for an array of Federal, State, Institutional and Private financing programs.

Federal Financing Programs

The U.S. Department of Education offers financial aid programs for almost everyone regardless of income. For example, undergraduate students may qualify for the Federal Pell Grant, the Federal Supplemental Opportunity Grant, the Federal Work Study Program and the Federal Direct Student Loan Program.

The Federal Direct Loan Program generally offers student loans at interest rates considerably lower than interest rates on a typical consumer credit card. For example, effective July 1, 2012, interest rates under the Direct Loan Program for initial loans disbursed between July 1, 2012 and June 30, 2013:

  Undergraduate Students   Graduate Students
Subsidized Direct Loan 3.4% N/A
Unsubsidized Loan

 

6.8%

 

6.8%

 

To apply for federal financial aid, students must complete the Free Application for Federal Student Aid (FAFSA) . The Federal School Code for Alliant International University is 011117.

We encourage you to apply for federal financing benefits annually. The application process is free and provides an opportunity for Alliant International University to determine your eligibility for an array of financing opportunities.

Public Service Loan Forgiveness and Income Based Repayment Programs

Effective July 2007, the Public Service Loan Forgiveness and Income Based Repayment Program provides information for those seeking to continue their careers in Public Service.

Income Based Repayment Plans

Income Based Repayment (IBR) is a new repayment plan for the major types of federal loans made to students. Under IBR, your required monthly payment is capped at an amount that is intended to be affordable based on your income and family size.

Transfer of Post-9/11 GI-Bill Benefits to Dependents (TEB)

Eligibility for Transfers of GI-Bill Benefits to Dependents

How to Apply for Transfers of Benefits

Health Professions Scholarship Program for Psychologists

Alliant Institutional Scholarships

State Financing Programs 

Private Sources to Finance Your Education: FinAid and FastWeb