Financial Aid – For Those Who Qualify. Island Drafting and Technical Institute is committed to providing educational opportunities for all qualified students regardless of financial need. A wide variety of financial aid programs makes it possible for even the neediest student to gain a college education. The college offers institutional scholarships and participates in Federal and State financial aid programs, including grants, loans, and work-study programs to those who qualify. Your financial aid can be determined in a single one hour meeting with our financial aid representative.
Any Questions? info@os1n.ag-edg.com.
Introduction
The amount of money available is based upon the student’s financial need, which is determined by subtracting the amount of the family’s resources available for college expenses from the estimated cost of attending the college. In order to meet a student’s financial need, the financial aid administrator may suggest a package of aid that includes a combination of a grant, a part-time job, and a loan. Financial need for all programs–State, Federal, and institutional–is measured by a comprehensive financial statement, the Free Application for Federal Student Aid (FAFSA).
Students are encouraged to apply for financial aid at least eight weeks before the beginning of the term in order that the funds will be available in the first month. Students will receive their payments within one month of the college’s receipt of the funds.
All new students should contact the financial aid office as soon as possible after admission. Application for all aid programs is made by filing a single document, the Free Application for Federal Student Aid (FAFSA).
This form is available from the high school or directly from the Island Drafting and Technical Institute financial aid office.
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Types of Financial Aid
Following are descriptions of all financial aid programs available to students at Island Drafting and Technical Institute who qualify. They are based on current statutes and regulations and are subject to change by the passage of new legislation or the issuance of new regulations.
Code of Conduct Regarding Lender Relationships and Loans
- Island Drafting & Technical Institute (IDTI) will not enter into any revenue-sharing arrangement with any lender.
- No officer or employee of IDTI who is employed in the Financial Aid Office or who otherwise has responsibilities with respect to education loans, or any IDTI agent who has responsibilities with respect to education loans, will solicit or accept any gift from a lender, guarantor, or servicer of education loans.
- An officer or employee who is employed in the Financial Aid Office of IDTI or who otherwise has responsibilities with respect to education loans, or an IDTI agent who has responsibilities with respect to education loans, shall not accept from any lender or affiliate of any lender any fee, payment, or other financial benefit (including the opportunity to purchase stock) as compensation for any type of consulting arrangement or other contract to provide services to a lender or on behalf of a lender relating to education loans.
IDTI will not request or accept from any lender ay offer of funds to be used for private education loans, including funds for an opportunity pool loan to students in exchange for the institution providing concessions or promises regarding the lender with: (1) a specified number of loans made, insured, or guaranteed; (2) a specified loan volume of such loans; (3) a preferred lender arrangement for such loans. - IDTI will not request or accept from any lender any assistance with call center staffing or Financial Aid Office staffing.
Any employee who is employed in the Financial Aid Office of IDTI, or who otherwise has responsibilities with respect to education loans or other student financial aid of IDTI, and who serves on an advisory board, will not accept anything of value from the vendor, except for reimbursement of reasonable expenses associated with participation.