Financial Aid

Financial Aid is available to those who qualify!

As previously mentioned here on the website, Advanced Computing Institute (ACI) was granted institutional approval by the state of California, Bureau for Private Post Secondary Education (BPPE, formally BPPVE) in 1992. The Institute was granted national accreditation in November 20101992, the Commission of the Council on Occupational Education (COE). In January of 2013, ACI was approved and certified by the U.S. Department of Education to participate in Federal Financial Aid Programs and receive Title IV (financial aid) funds.

Money shouldn't keep you from reaching your goals!

Here at ACI, the diverse educational background and goals of each of our students, along with the programs we teach, may result in differences in program tuition costs. There are a number of different ways to finance your educational goals; money borrowed from family and friends, college savings plans, tuition assistance programs from your employer, scholarships you may have received from outside organizations, etc. In most cases, students use traditional financial aid; grants and loans from the Federal government. Here at ACI, our financial aid staff will help you explore your options, determine your eligibility, and give you the financial aid package that's best for you. However, because our tuition here at ACI is so low, a student who qualifies for a full Pell grant will have no out-of-pocket expenses, and will not have to borrow a student loan for many of our programs!

Let us assist you in receiving the resources necessary, to reach your educational goals!

Federal Title IV Programs ACI Participates In

Federal Title IV funds, or financial aid, are a combination of grants and loans. Grants are free money and therefore do not have to be repaid (in most cases), whereas loans are borrowed money and must be paid back. ACI participates in and receives funding from the following Federal Title IV programs:

Federal PELL Grant

The Federal PELL grant is a need based grant that does not have to be repaid (in most cases). It is available to students who exhibit financial need. Financial need is determined by your income, asset and resources information.

FSEOG (Federal Supplemental Educational Opportunity Grant)

The Federal Supplemental Educational Opportunity Grant is also a need based grant that in most cases, does not have to be repaid. It is available to students who exhibit exceptional financial need. To be eligible for an SEOG grant, you must first be eligible to receive a PELL grant.

Federal Direct Subsidized and Unsubsidized Stafford Loans

Federal Direct Stafford loans, available through the William D. Ford Federal Direct Loan Program, are low-interest rate loans (4.66%), made to the student by the U.S. Department of Education. The loan must be used to pay for direct and/or indirect educational expenses. Subsidized loans are need-based, while unsubsidized loans are not.

Veterans Administration Funding

ACI is also approved by the Department of Veterans Affairs to offer Montgomery Bill and Post 9/11 GI benefits to eligible students.

Federal Title IV Financial Aid Program Information

Federal Pell Grants

The Pell grant program is designed to assist undergraduate students who want to continue their education beyond high school (and have not earned a bachelor's or professional degree), and can demonstrate financial need. Every student is entitled to apply for a Federal Pell grant. Eligibility is determined by a standard U.S. Department of Education formula, which uses family size, income, assets, and resources to determine financial need. The actual amount of the award is based upon the cost of attendance, enrollment status, and the amount of money appropriated by Congress each year to fund the program. The Federal Pell grant makes it possible to provide a foundation of free financial aid to help defray the costs of a post-secondary education. Unlike loans, the Federal Pell grant does not have to be paid back, except in situations where students have been awarded money they are not eligible to receive.

Federal Supplemental Educational Opportunity Grants

The Federal Supplemental Educational Opportunity Grant (FSEOG) is also available to undergraduate students who have not earned a bachelor's or professional degree. Unlike a loan, in most cases, the FSEOG does not have to be repaid. When determining the priority-based order in which students will be awarded FSEOG funds, ACI considers those students who are already receiving Federal Pell Grant monies, and exhibit additional exceptional financial need.

Because the tuition rate at ACI is so low, if a student qualifies for a full Pell grant, all of their institutional costs (tuition, fees and transportation costs) will be met, therefore there is no need for them to borrow a student loan! However, the Institute does participate in the Federal Direct Loan program for those students who may not qualify for a full Pell grant, or no Pell grant at all.

Federal Direct Subsidized Stafford Loan

The Federal Direct Subsidized Stafford loan is a low interest rate loan (4.66% fixed), awarded on the basis of financial need. As a result, no interest is charged as long as the student is attending school on at least a half-time basis, during their six month grace period after they stop attending at least half-time, withdraw, or graduate, and during periods of deferment. The loan goes into repayment six (6) months after the student has stopped attending at least half-time, withdraws or graduates and the student has ten (10) years to repay the loan. Please keep in mind, the longer you take to repay your loan, the more interest you incur and the more you will end up paying back!

Federal Direct Unsubsidized Stafford Loan

The Federal Direct Unsubsidized Stafford loan is a low interest rate loan (4/66% fixed), awarded to students regardless of their financial need; in other words, regardless of income; if all other eligibility requirements are met, the student is considered eligible. Because of this, interest is charged from the time the loan is disbursed (paid to the school or student) until it is paid in full. This includes the time the student is attending school, as well as during the six month grace period after they stop attending at least half-time, withdraw, or graduate. Students have the option of paying the interest while they are attending school and during the six month grace period, or allow it to be added to the principle loan amount balance (this is called capitalization). Here at ACI we highly encourage our students to pay their accruing interest while they are attending school and during the six months after they stop attending at least half-time, withdraw or graduate, so that they do not end up paying interest on top of interest, which is what happens when the loan is capitalized. The loan goes into repayment six (6) months after the student has stopped attending at least half-time, withdraws or graduates, and the student has ten (10) years to repay the loan. As stated above, please keep in mind, the longer you take to repay your loan, the more interest you incur and the more you will end up paying back!

Financial Aid - How To Apply

Student and Parent Eligibility Requirements

These Federal monies are available to all students that qualify. To qualify you must be a U.S. citizen or eligible non-citizen and not be in default on a prior Federal student loan, or owe a refund on a prior Federal student grant. Please keep in mind, if you meet these qualifications income does not disqualify you from being eligible for financial aid funds; anyone who meets these qualifications is eligible to receive Title IV funds; your income and asset information will determine whether you will receive need based financial aid, or non-need based financial aid.

The first step you must take to determine your financial aid eligibility is to complete the FAFSA (Free Application for Federal Student Aid). You have a choice to either do this online at the following website: Click here to Apply; our school code is 042106; or you may bring in your income, asset and resource information (usually your Federal income tax return), and work with one of our Financial Aid Officers who will be glad to assist you. In order to expedite the financial aid process, we highly recommend you bring in your information and complete the FAFSA with one of our Financial Aid Officers, as mistakes made by you on your FAFSA will delay processing and the receipt of your financial aid funds.

The financial aid year runs from July 1st to June 30th of each year, so if you enroll in school and your program "crosses over" June 30th in any year, you will have to complete the FAFSA a second time. This process must be completed each year if you wish to remain eligible for aid.

Contact us today to determine your eligibility for financial aid!

Financial Aid - Net Price Calculator

Please read. By clicking below, I acknowledge that the estimate provided using this calculator does not represent a final determination, or actual award, of financial assistance, or a final net price; it is an estimate based on price of attendance and financial aid provided to students in a previous year. Price of attendance and financial aid availability change year to year. The estimates shall not be binding on the Secretary of Education, the institution of higher education, or the State. Students must complete the Free Application for Federal Student Aid (FAFSA) in order to be eligible for, and receive, an actual financial aid award that includes Federal grant, loan, or work-study assistance. For more information on applying for Federal student aid, go to http://www.fafsa.ed.gov/

NET PRICE CALCULATOR Click here to calculate your cost of attendance.