Financial Assistance Programs
Federal Pell Grant
This grant program, authorized by Title IV, assists undergraduate students to further their education beyond high school. The eligibility to receive this grant is based on the student's individual need. Unlike loans, this grant does not have to be paid back (except in special cases). Since it is only available for undergraduate students, graduate and professional students are not eligible to receive this grant. Every undergraduate student is entitled to apply for the Pell grant; however each student’s eligibility varies and is dependent on his/her FAFSA application, enrollment status, and the amount of money allocated by Congress to fund the program.
Federal Supplemental Educational Opportunity Grant (FSEOG)
This grant program, authorized by Title IV, also assists extremely needy undergraduate students with priority given to students who are eligible for the maximum Federal Pell Grant. Unlike the Pell Grant, for FSEOG the federal government allocates funds to the participating schools. Due to a limited pool of funds, FSEOG is distributed proportionately between different programs, and is awarded on a first come first serve basis to deserving candidates.
Federal Direct Stafford Loans
Federal Direct Stafford Loans are low interest loans that are made in the student's name. These loans can be used to pay educational expenses. Students must be enrolled in at least half-time status to be eligible to receive Stafford Loans. There are two types of Direct Loans: subsidized loans and unsubsidized loans.
- Subsidized Loans; These loans are need based. Students do not pay any interest on this loan while in school. Repayment for subsidized loans starts six months after graduation.
- Unsubsidized Loans; These loans are need based. Interest on this loan starts on the first day of class. Repayment for unsubsidized loans starts six months after graduation.
Both the subsidized and unsubsidized loans can be combined to form consolidated loans during repayment.
Federal Direct Parent-PLUS Loans
Federal Direct Parent-PLUS Loan is a low-interest loan available to parents of dependent students enrolled at least half time in an eligible program. This is not a need based loan. The maximum amount of the loan cannot exceed the student’s cost of attendance minus other aid received. Repayment for the PLUS Loan starts 60 days after the last disbursement is made. However, parents have an option to defer the payments while the student is still enrolled in school.
Climb Credit - Private Student Loans
AIMS Education has partnered with Climb Credit to provide students with another option to help fund their education. Climb offers affordable financing with fixed interest rates and low monthly payments. Students can apply online at www.climbcredit.com/aimseducation and get a decision same-day with no impact on their credit. Climb loans are not available for all programs. Please contact the Financial Aid Department to learn which programs are eligible.
Department of Labor Programs
AIMS Education is approved by the NJ Department of Labor and Workforce Development for programs like the Workforce Development Program, Workforce Investment Act, Division of Vocational Rehabilitation Services, and Trade Adjustment Assistance. If you are unemployed, underemployed, or an eligible youth, you may be eligible to receive compensation, grants, or scholarships under these programs or others. To learn more about your eligibility and the benefits available, please visit your local One-Stop Career Center.
Jewish Family Services
Jewish Family Services of Middlesex County offers educational grants for displaced homemakers who are interested in taking short-term certificate training. The grant money can be awarded to women who are single moms, divorced, widowed, separated, or living with a disabled spouse/partner. Grants of up to $4,000 are available. Funding may also be available to help cover other reasonable expenses associated with your education. Please ask for a flyer and application when you visit AIMS.
Many employers have programs that reimburse education costs (part/full) to employees who wish to further their education. Students can contact the personnel department at their place of employment to inquire about the procedure and qualifications needed for educational reimbursement.
HESAA - NJ Class Loans (Higher Education Student Assistance Authority)
The NJ CLASS loan program is provided to students and parents on a credit basis. This program allows individuals to borrow up to the cost of their education less any other financial aid. NJ CLASS is one of the most affordable and flexible supplemental student loan programs in the nation. Please see school officials for more information.
In addition to the AIMS Scholarship Programs, there are numerous external sources which offer scholarships for postsecondary students. The types of scholarships and eligibility criteria vary greatly, but you are encouraged to explore all scholarship opportunities that may be available to you. Below is a list of third-party websites which allow you to search for various scholarship programs.
These third-party websites are provided as a courtesy to all incoming and current students. AIMS Education has no affiliation with any of the websites listed above. Nor do we endorse any of the scholarships provided on the sites.