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|
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.