Investing in your education is investing in your future.
If you are unable to meet educational costs on your own, financial assistance is available to those who qualify. American Career College's Financial Aid Department can show you several tuition financing options, including federal financial aid, and state grants and loans. We'll help you navigate the world of student financial aid, identify the opportunities available to you and apply for financial assistance.
Code of Conduct regarding Lender Relationships and Loans: To view our code of conduct, click here.
Financial Aid Resource Publication from the U.S. Department of Education: Funding Education Beyond High School
Federal Financial Aid
ACC participates in several types of Title IV Federal Financial Aid programs, many of which are based on financial need. Students seeking financial assistance must first complete the Free Application for Federal Student Aid (FAFSA) www.fafsa.ed.gov available on January 1st of each calendar year. We recommend that you do so online at https://fafsa.ed.gov//. You will also need to apply for an FSA ID at https://fsaid.ed.gov/npas/index.htm.
The College's Financial Aid Officer uses the information on the FAFSA to determine your eligibility for federal aid programs and to assist you in deciding what resources are best suited to your circumstances. Students must meet all eligibility requirements to qualify for Federal Student Aid.
Renewal of financial aid is not automatic. Recipients are required to reapply each year by the announced deadline. The Financial Aid Office will provide the student with an estimated award letter based on the information provided on FAFSA. Additional documentation may be required to support the student’s request for financial assistance if the FAFSA is selected for verification or new information is received. Awards are finalized after receipt and review of all requested verification documentation. Final award letters are made available to students on the ACC secured student portal each academic year at https://myportal.americancareercollege.edu/secure/student/loginstu.aspx.
Federal and state grants and loans will be disbursed to student accounts to cover direct educational costs. Disbursements in excess of direct costs will be refunded to the student (or parent, in the case of a parent PLUS loan), or in some cases refunded back to the respective lender. Students may elect to have excess funds retained on their account until the end of the aid year or loan period, at their discretion.
Students who obtain a loan to pay for their educational will be responsible for repayment of the full amount of the loan, plus interest, less the amount of any refund. If a student withdraws, a refund calculation will be completed and a refund of non-federal aid funds may be provided.
Verification Deadlines: If selected for verification, the ACC Financial Aid Department may request additional documentation to support the student’s request for financial assistance, including, for example, official IRS Tax Transcripts, signed verification worksheets, proof of identity, etc. The student must submit all requested information in order to receive the estimated financial aid awards. Students are expected to submit all verification materials within 14 days of the request. Exceptions may be made on a case-by-case basis, but failure to submit verification materials within 45 days of the request may result in the loss of institutional scholarships, campus-based aid and federal loans for that term. Pell grant eligibility will be forfeited if requested verification documents are not received by September 30th of the trailing year of the aid year, or within 120 days of the last day of enrollment, whichever comes first.
Student Loan Counseling
Government guaranteed loans are an important part of financing your educational expenses. American Career College provides you with information and counseling to assist you in managing your loans effectively. Student loan entrance and exit counseling is required of all students.
Financial Aid Eligibility Requirements
Federal Title IV aid programs that the College participates in includes Federal Pell Grants, Federal Supplemental Educational Opportunity Grants (FSEOG), Iraq and Afghanistan Service Grants, Federal Work Study, and the William D. Ford Direct Loan programs (subsidized, unsubsidized and PLUS).
To be eligible for Federal Financial Aid, you must:
- Demonstrate financial need (for most programs)
- Be a citizen of the United States or an eligible noncitizen
- Enroll in an eligible program
- Have a valid Social Security number
- Maintain satisfactory academic progress toward graduation;
- Have a high school diploma or have obtained a High School Equivalency (HSE) or the equivalent;
- Not be in default on a financial aid loan nor owe a refund to a financial aid grant received at any postsecondary college or institution;
- Have registered with the U.S. Selective Service, if applicable.
Federal Financial Aid Programs
The following is a description of the financial aid programs available at American Career College for students who qualify. Additional information may be obtained from the ACC Financial Aid OfficeFor information, guidance and tools about federal student assistance, you can also visit the U.S. Department of Education's website on federal student aid at https://studentaid.ed.gov/sa/.
Federal Pell Grant
The Federal PELL Grant Program provides a foundation of assistance for undergraduates with financial need who have not yet earned a bachelor’s or professional degree. Eligibility for the Federal PELL Grant Program is determined by a standard formula that is revised and approved every year by the federal government. Unlike loans, grants do not have to be paid back. A student can receive a Federal Pell Grant for no more than six academic years.
Federal Supplemental Educational Opportunity Grant (FSEOG)
Federal Supplemental Educational Opportunity Grants are available to a limited number of students with exceptional financial need. Grants are based on funds available and do not have to be repaid. Need is determined by the financial resources of the student and parents and the cost of attendance.
Federal Work-Study Grant (FWS)
The Federal Work-Study program provides jobs for students with financial need, allowing them to earn money to help pay education expenses. The program encourages community service work related to the student's course of study. Funds under this program are limited and do not have to be repaid.
William D. Ford Federal Direct Loan Program
Under the Federal Direct Loan (FDL) program the College certifies eligibility for each loan, and sends the loan details to the U.S. Department of Education. Loan proceeds are disbursed to the College electronically and then posted to the student’s account. Students must repay the loan, with interest, to the servicer assigned by the U.S. Department of Education (ED) after the loan is disbursed.
Subsidized Direct Loan
Federal Subsidized loans are available to students with financial need. Students may borrow up to $3,500 for their first academic year, $4,500 for the second academic year and $5,500 for the third and fourth academic years at a fixed interest rate which is established annually by the U.S. Department of Education. Current interest rates can be found at https://studentloans.gov . The interest is paid by the federal government while students are in school. Interest begins accruing at the time students cease full-time enrollment or fail to carry at least one-half the normal full-time College workload. Regular payments begin six months after students cease enrollment or fail to carry at least one-half the normal full-time College workload. First-time borrowers may not receive this type of loan for more than 150 percent of the length of their program of study; U.S. Department of Education may stop paying interest if student who received Direct Subsidized Loans for maximum period continues enrollment.
Unsubsidized Direct Loan
Unsubsidized direct loans are available for students to borrow for education costs. Independent students can borrow up to $9,500 for their first academic year, $10,500 for the second academic year and $12,500 for their third and fourth academic years, as a combined total with the Federal Subsidized Direct loan at a fixed interest rate which is established annually by the U.S. Department of Education. Current interest rates can be found at https://studentloans.gov Dependent students can borrow up to $5,500 for their first academic year and $6,500 for their second academic year as a combined total with the Federal Subsidized Direct loan. Interest rates are fixed and established annually by the U.S. Department of Education. Current interest rates can be found at https://studentloans.gov. With the exception of demonstrating financial need, borrowers must meet all eligibility criteria of the Federal Subsidized loan program. Interest payments begin immediately after the loan is fully disbursed or may be added to the principal balance. Regular payments begin six (6) months after students cease enrollment or fail to carry at least one-half the normal full-time College workload.
Direct Parent Loan for Undergraduate Students (PLUS)
Federal Parent Loans for Undergraduate Students provide additional funds for parents of dependent undergraduate students. Approval is based on credit-worthiness, but parents with adverse credit may borrow if approved with a credit-worthy co-borrower. Interest payments begin immediately after the loan is fully disbursed or may be added to the principal balance. Interest rates are established annually by the U.S. Department of Education. Current interest rates can be found at https://studentloans.gov .
Cal Grant Program
Cal Grant B and C are State Grant programs administered by the State of California and are available to eligible California resident who have applied before the March 2nd deadline The Cal Grant funds are awarded based on enrollment status during the award year. Student eligibility must be approved by the California Student Aid Commission Grants are based on funds available from the State and do not have to be repaid. All Cal Grant payments are credited to the student’s account to cover outstanding tuition fees, and supplies. However, a student may request direct payment of his or her Cal Grant B access funds up to the date the fund transaction actually occurs.
Chafee Grant Programs
The California Chafee Grant for Foster Youth is a grant program administered by the State of California. To qualify, the student must be a current or former foster youth and not have reached his or her 22nd birthday as of July 1st of the award year. The court must have established dependency for the student between the ages of 16 and 18. (KinGap youth, adopted youth, guardian placement, and voluntary placement may not be eligible for the Chafee Grant, unless court dependence was established, at anytime, between the ages of 16 and 18.) The California Department of Social Services will verify an applicant’s foster youth eligibility status. Chafee Grant payments will be credited to the student’s account at American Career College to cover tuition, fees, and supplies. Excess Chafee Grant funds may be used to pay for child care, rent, or transportation while attending school. The Chaffee Grant is federally and state funded and is subject to the availability of funds each year.
More information about Cal Grants and Chafee awards is available online at https://mygrantinfo.csac.ca.gov/logon.asp .
Private Lending Options
When necessary, ACC participates with private lenders to help students and their families bridge the gap between the cost of education and the amount covered by other financial aid programs.
We encourage students and families to supplement their savings by exploring federal and state grants and loans, and to consider the anticipated monthly payments on their total student loan debt and their expected future earnings before considering a private education loan.
The private loan lenders below are listed in alphabetical order, and therefore do not indicate any sort of rank or preference. Students are encouraged to review each lender’s terms and conditions before selecting a lender. Lender terms and eligibility criteria sometimes change, and while all of the lenders listed below currently provide loans to American Career College students, they may not always do so. Students may choose to borrow from one of the private loan lenders listed below or from any other lender.
College Ave Student Loans
Loan Disclosure Information
Sallie Mae Smart Option Loan
https://www.salliemae.com (LA, OC, ON, LB campuses)
www.Salliemae.com/CTSmartLoan (St. Francis campus)
Loan Disclosure Information
Student Funding Group
Smart Option Loan funded by Student Funding Group
Loan Disclosure Information
Wells Fargo Student Loan For Career/Community Colleges
Loan Disclosure Information
Students considering student loans need to be aware of the differences between federal student loans and private student loans:
- Federal student loans are required by law to provide a range of flexible repayment options including, but not limited to, income-based and income-contingent repayment plans, as well as loan forgiveness benefits that private lenders are not required to provide.
- Federal direct loans are available to most students regardless of income. Other qualification criteria do apply. For more information, please visit http://www.studentaid.ed.gov/eligibility.
- Private student loan lenders can offer variable interest rates that can increase or decrease over time, depending on market conditions.
- The interest rate on a private loan may depend on the borrower's and/or cosigner's credit rating.
- Private student loans have a range of interest rates and fees and students should determine the interest rate of, and any fees associated with, the private student loan included in their financial aid award package before accepting the loan.
- Students should contact the lender of the private student loan or their WCU campus' financial aid office if they have any questions about a private student loan.
Confidential loan entrance counseling is provided to assist students interested in applying for Federal Loans. ACC Online Loan Counseling click here.
Graduates who have borrowed student loans are required to complete student loan exit counseling during their last term.
Scholarships are a form of aid that helps students pay for their education. Unlike student loans, scholarships do not have to be repaid.
American Career College offers a limited number of institutional scholarships for students who qualify. All scholarships/grants are subject to continued available funding. Generally, scholarship offers cannot be combined.
Clinical Affiliates Scholarship: offered to qualified applicants who are either currently employed at one of our active Clinical Affiliates, or who have an immediate family member employed by one of our active Clinical Affiliates and who seek to prepare for a career in health care by enrolling at American Career College. This scholarship will be 15% of tuition and fees, offered as a tuition credit proportionately disbursed each enrollment period.
Diploma Success Scholarship: offered to qualified applicants enrolling in a one-year diploma program for the first time at American Career College. Eligibility for this scholarship will be determined by committee taking into consideration academic ability, unmet financial need, and evaluation of an original personal statement. For the purposes of this scholarship, academic ability is determined by SLE entrance test score, and unmet financial need is defined as having a balance of tuition or fees owed to the school after federal grants and student loans have been applied. The maximum amount of the scholarship is $2,000. Awards will be disbursed in equal amounts in the first and second payment periods. Not all who apply will receive a scholarship
Dream Act Scholarship: available to students who have been approved by the USCIS for deferred action as evidenced by form I-797. To qualify for the scholarship, students must present the USCIS Approval Notice, along with a copy of their valid work permit. Award amounts vary by program.
Mark Minsky Scholarship: offered to qualified applicants who have successfully graduated from an accredited High School Equivalency program, and who seek to continue their education and prepare for a career in business or health care by enrolling in a diploma or degree program at American Career College. Award amounts vary by program and application date.
Continuing Education Scholarship: Designed to encourage qualified graduates of American Career College to continue their education by enrolling in another program to increase their job skills and broaden their employment opportunities. Award amounts vary by program and application date.
St. Francis Medical Center Grant: offered to qualified applicants who are currently employed at St. Francis Medical Center, who seek to prepare for a career in health care by enrolling in the Vocational Nursing program at American Career College at St. Francis. This grant will be in the amount of $5,000, offered as a tuition credit proportionately disbursed each enrollment period.
Vocational Nursing Scholarship: offered to qualified applicants enrolling in the Vocational Nursing Program at American Career College. Eligibility for this scholarship will be determined by committee taking into consideration academic ability, unmet financial need, and evaluation of an original personal statement. Academic ability will be determined by HESI score, and unmet need will be based on balance due to the school for tuition or fees after federal grants and students loans are applied. The amount of the scholarship will vary based on composite score of merit and need criteria but will not exceed $5,000. Funds are limited. Not all who apply will receive a scholarship.
Respiratory Therapy Scholarship: available to qualified applicants enrolling in the Respiratory Therapy Program at American Career College. Eligibility for this scholarship will be determined by committee taking into consideration academic ability, unmet financial need, and evaluation of an original personal statement. Academic ability will be determined by HESI score, and unmet need will be based on balance due to the school for tuition or fees after federal grants and students loans are applied. The amount of the scholarship will vary based on composite score of merit and need criteria but will not exceed $5,000. Funds will be disbursed in equal amounts each quarter. Scholarship funds are limited. Not all who apply will receive an award.
A wide array of scholarships funded by outside sources is also available to students. Scholarship eligibility criteria vary. The Financial Aid Department is happy to assist students who wish to apply for scholarships.
Health Professions Education Foundation
Hispanic College Fund
California Chafee Grant Program
SLM Scholarship Search
Health Resources and Services Administration Nursing Scholarship Program
JVS Scholarship Program
ACC Career Training Education Scholarship