Space Coast Health Institute
FINANCIAL AID
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Complete and submit your Space Coast Health Institute registration form along with the appropriate documentation and $95 registration fee.
- If you are applying for the 500 hour Basic Massage and Hydrotherapy Program, you would begin by completing the steps to apply for financial aid (instructions are attached). PLEASE NOTE: SCHI accepts student loan programs issued through State and Federal funding. We do not currently accept grants and scholarships.
· If you are applying for the 600 hour Massage and Hydrotherapy Program or the Basic Facial and Make Up Specialist Program, you may speak directly with any school administrator regarding your financing options.
- You will receive correspondence from the school informing you of the status of your FAFSA application and listing the steps that you will need to take next.
- Once all information is provided to complete your application, you will receive notice of the award amount. PLEASE NOTE: The amount of your loan may not cover all expenses. Therefore, we do offer additional financing options to all students for remaining balances. You may speak with any school administrator regarding these options prior to or at the enrollment appointment.
· Please be sure to call a school administrator regarding any remaining balances prior to this appointment because financial options must be decided upon in order to enroll.
Financial aid is money provided to students to help meet educational costs. Students enrolling in the 500-hour Basic Massage and Hydrotherapy Program are eligible to apply for the following financial aid: Subsidized, Unsubsidized and Parent Plus Loans. Space Coast Health Institute (SCHI) also offers in-house interest free financing and career training loans through Sallie Mae, which are available for all programs offered at the school.
To qualify for financial aid, you must prove that you need aid. Need is the difference between the amount you and your family can contribute and the cost to attend the college of your choice. The primary responsibility for your educational expenses belongs to you and your family.
Students wishing to apply for interest free financing as well as Sallie Mae loans may speak with Student Services at (321) 308-8000. back to top
Financial Aid Packages
When you apply for aid from the Office of Financial Aid, you do not apply for a particular type or amount of aid. Applicants who complete a financial aid file are considered for all available aid programs that are administered by SCHI.
Students must have obtained a high school diploma or GED in order to apply for financial aid. The only way to tell if you're eligible to receive aid is to apply for it. Many factors are considered when awarding aid. You don't have to be poor to qualify, but you do have to prove you need aid. You must apply for financial aid each year. Your financial needs may change and must be re-evaluated. back to top
Complete and mail the FAFSA as soon as possible after January 1, or apply online at http://www.fafsa.ed.gov.
Applying for financial aid involves lengthy processing and mailing time between agencies in widespread locations. Applying early and following up on your application is the best way to receive the assistance for which you qualify in time to begin school. back to top
Marital Status
You must report marital status as it is on the date you file the FAFSA/Renewal FAFSA for all individuals about whom you give information. If you are not married as of the date you sign the FAFSA/Renewal FAFSA, check "unmarried" even if you plan to marry during the award year. Intended spouses cannot be included in household size. If your parents are both living and married to each other, answer the questions about them. If your natural mother and father are divorced and the responsible parent has remarried, when indicating parent's marital status, mark the box that says "married" and include income/asset information for both parent and stepparent.
Number in Household
Include the number of people that you/your parents support and will continue to provide more than half their support during the award year. Include your unborn child if that child will be born before or during the award year. Also include your parents' other dependent children who will be attending post-secondary schools, and always include yourself, the student.
Number in College
Include only household members who will attend college during the award year at least six credit hours per term or 12 clock hours per week. Do not include your parents. Students must be working toward a degree or certificate leading to a recognized educational credential.
Other Untaxed Income and Benefits
Pay close attention to completing Worksheet A, B, and C of the FAFSA. Transfer the answers from the TOTAL columns to the FAFSA/Renewal FAFSA. You and/or your parents may be asked to provide us with a completed copy of this worksheet as well as special documentation. Report the following on the appropriate Worksheet:
Worksheet A
· Earned income credit
· Additional child tax credit
· Welfare benefits, including TANF
· Untaxed Social Security benefits
Worksheet B
· Payments to tax-deferred pension and savings plans
· Untaxed portions of IRA, SEP, SIMPLE, and Keogh plans
· Child support received for all children
· Tax exempt interest income
· Foreign income exclusion
· Untaxed portions of IRA distributions
· Untaxed portion of pensions
· Military/Clergy housing, food, living allowances
· Veterans non-education benefits
· Any other untaxed income such as worker's compensation, etc.
· Cash support or any money paid on your behalf (include rent/mortgage, tuition, insurance paid by someone else)
Worksheet C
· Education tax credits
· Child support paid
· Taxable earnings from need-based employment programs, such as Federal College Work-Study and ARBD America Reads Brevard Deeds
· Student grant, scholarship, AmeriCorp awards, that was reported to the IRS in your (or your parents') adjusted gross income
Adjusted Gross Income/Income Tax Paid Information
Use a completed tax return when completing the financial aid application
- If your responsible parent is remarried, you must include stepparent income and asset information.
- If you/your parents are married and filed separate income tax returns, income information from both tax returns must be combined and reported
- If you/your parents are divorced, separated or widowed, don't include information about your/your parent's spouse (even if you/they filed a joint tax return)
When reporting U.S. taxes paid, DO NOT report the amount of tax "withheld" and DO NOT include any self-employment taxes
Asset Information
When answering questions pertaining to parent/student assets, you must report the net worth (value minus the debt) of those assets as of the date you complete the FAFSA/Renewal FAFSA.
Business Information
Report the net worth (value minus debt) of your (and spouse's) and/or parents' businesses and/or investment farms. back to top
Students are not eligible for federal or state student aid if in default on a Federal Perkins Loan, a Nursing Loan (NL), a Federal Stafford Loan/GSL, any other federal or state loan program, or owe a refund on any Federal Pell, FSEOG, FSAG received for attendance at any institution. back to top
DO
- Turn in all documents as soon as possible.
- Be sure all documents are signed.
- Be sure your name and Student ID Number is on all documents you submit.
- Keep photocopies of all information you submit and record the date you send in the documents.
- Keep photocopies of tax returns and W-2s. Call the IRS at 1-800-829-1040 if you need copies of your IRS form.
DON'T
- Turn in incomplete or illegible documents. If you do, they will be returned to you with a request for acceptable forms.
- Turn in copies of income tax forms with information obscured by another form.
- Panic! Just be organized. back to top
Did you know you could complete the Online FAFSA?
What's the Online FAFSA?
The online FAFSA is a Web-based version of the U.S. Department of Education’s Free Application for Federal Student Aid (FAFSA). It enables you to apply for student financial aid over the Internet. We use your FAFSA information to determine if you are eligible to receive money from state and federal loan programs.
Benefits of the Online FAFSA
- It’s free!
You don’t have to pay to apply for federal student aid. Free help completing your application is available from the FAFSA Web site or by calling 1-800-4-FED-AID. - It’s fast!
You will get your results 7 to 14 days faster than if you mail in a paper FAFSA. Plus, because your answers are edited automatically, you will make fewer mistakes, and we will be able to tell you sooner if you qualify for aid. - It’s easy!
The Web site is easy to navigate. Extensive online help is available and more instructions are provided than on the paper FAFSA. In addition, unlike the paper form, the online FAFSA allows you to skip questions that don’t apply to you. - It’s secure!
Your data is completely secure. Sending an application over the Internet is just as safe as mailing a paper form. back to top
If you don’t already have a PIN, apply for one now at www.pin.ed.gov. You’ll need a PIN to electronically sign your FAFSA. If you are a dependent student, your parents should also apply for a PIN now so they can electronically sign your FAFSA.
Your PIN will be e-mailed to you within 1 to 5 days. If you don’t provide an e-mail address, your PIN will be mailed to your mailing address within 7 to 10 days.
Your PIN is confidential and should not be shared with anyone, even if someone else completes your FAFSA for you.
- Section 1 on the home page of www.fafsa.ed.gov has a list of all the documents you will need to fill out your FAFSA.
- In Section 1 you will also find the deadline for State financial aid programs. State deadlines vary and occur earlier than the deadline for federal student aid.
Some applicants find it helpful to fill out a Pre-Application Worksheet before completing their online FAFSA. To print out a Worksheet, go to Section 1 on the home page of www.fafsa.ed.gov.
- Select “Fill out a FAFSA” in Section 2. Follow the on-screen instructions. If you filled out a Pre-Application Worksheet, use it to complete the application.
- Remember, the first “F” in FAFSA stands for “FREE!” There is no cost to apply for federal student aid, and free help is available. If you need help completing your application:
- Click the “Chat” link on any screen to chat online with a Customer Service Representative, or
- Call 1-800-4-FED-AID to speak to a Customer Service Representative.
- Once you’ve completed your application, review your answers carefully and, if necessary, correct them before submitting your FAFSA.
- Sign your FAFSA. You can sign electronically with your PIN, print a paper signature page to sign and mail in, or wait for the signature page to arrive in the mail. If you are a dependent student, a parent will also need to sign.
- Submit your application by selecting the “Submit my FAFSA Now” button on the very last page of the form. Once you submit your application, you will be taken to a Confirmation Page that shows your confirmation number and estimated Expected Family Contribution (EFC). We will use your EFC to determine the types and amounts of aid you are eligible to receive. Print a copy of the Confirmation Page for your records. back to top
First-Time Applicants
- Complete and return the FAFSA to the federal processor. Read the FAFSA Common Mistakes section of this packet.
- List Space Coast Health Institute and the Title IV Code G39854 in the COLLEGE RELEASE SECTION of the FAFSA.
- Students who applied for financial aid last year should receive a "Renewal FAFSA" from the U.S. Department of Education by mail between late November and mid-January.
- After January 1, complete and return your Renewal FAFSA to the federal processor. Read the FAFSA Common Mistakes section of this website.
- List Space Coast Health Institute and the Title IV Code G39854 in one of the items for "schools that should receive your information".
- If you don't receive the Renewal FAFSA, don't wait for it past January. Follow the instructions above for first-time applicants. Do the same if you lose your Renewal FAFSA. back to top
SCHI's Title IV Code for application purposes is G39854.
FAFSA Follow-Up
You will receive a Student Aid Report (SAR) Information Acknowledgment in the mail about 2 weeks after submitting your online FAFSA. If you provided your e-mail address, you will receive an e-mail with a link to your SAR on the Web in no more than 5 days.
- Review all of your answers on your SAR and make sure they are correct. Compare your FAFSA answers to your tax return or other financial records, and correct any answers that are wrong.
- Return to www.fafsa.ed.gov after submitting your FAFSA to check on the status of your application.
- With your PIN, you can also
- Check the results of your processed FAFSA.
- Correct any errors you made while filling out your application.
- Print a copy of your SAR information.
- Reapply for financial aid
- View information about federal loans and grants you have received.
- Conduct other important business directly with the U.S. Department of Education.
- Make sure to remember your PIN and don’t share it with anyone, even individuals or Web sites offering to help you complete your FAFSA.
- PIN’s don’t expire. They can be used for years to come.
- A parent with multiple children applying for aid can use the same PIN to electronically sign all FAFSA’s.
For More Information
1. About FAFSA
- Call 1-800-4-FED-AID or 1-800-730-8319 (TDD for hearing impaired).
2. About federal student aid programs
- View the online version of the booklet Funding Your Education at www.studentaid.ed.gov/students/publications/FYE/index.html. Or order a free copy by calling 1-800-4-FED-AID.
- Access www.studentaid.ed.gov for online resources that cover the full range of financial aid topics – from preparing for a college education all the way through repaying student loans.
What is Financial Aid?
Financial Aid is money provided to students to help meet school costs.
What types of financial aid and assistance are available at SCHI?
Loans are available to students or their parents at low interest rates with repayment usually deferred until the student graduates. The assistance programs are available for all programs and include in-house interest free financing and Sallie Mae career training loans.
What are the qualifications?
To qualify for financial aid you must prove that you need assistance. Need is the difference between the amount you and your family can contribute and the cost to attend the college of your choice. The primary responsibility for your educational expenses belongs to you and your family.
How do I apply?
There are three steps to applying for financial aid at SCHI.
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Step 1: You must complete the Free Application for Federal Student Aid (FAFSA). This form allows you to apply for all types of aid. There are not separate applications for each type of aid. The FAFSA application form is available online but a hard copy is available upon request. The financial aid process is a lengthy one. The best advice is to get this form in as early as possible, as any delays may affect the timeliness of your award.
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Step 2: You must complete loan counseling and complete the loan application process by visiting www.opennet.salliemae.com. For specific instructions click here.
What do I do next?
While you are waiting for the Student Aid Report (SAR) that will be generated as a result of filing of the FAFSA, you should contact the Records/Admissions department of SCHI to make sure your records are complete.
Once you receive your SAR, you must contact the Financial Aid Office to see if any information is needed to complete your financial aid file. The information from your SAR will be forwarded electronically to SCHI but it may be necessary to submit additional documentation. Your SAR is not a financial aid award. SCHI will send you an Award Notice informing you of the aid for which you are eligible.
Will I have out-of-pocket expenses?
Yes, you may have some out-of-pocket expenses while waiting to receive your aid. It is important for you to fill out your application and return your paperwork in a timely matter. This will ensure that you receive notice of the award amount and have sufficient time to make other financial arrangements if need be.
When will I receive my financial aid loan?
If you are receiving a loan, disbursement time frame may differ. Students will receive a loan disclosure statement from the guarantee agency with projected disbursement dates. First time borrowers and borrowers enrolled in a new program of study will have their loan funds held 30 days from the first day of classes. back to top
This step is for:
· Students Applying for Federal Stafford Loan
· Parents Applying for PLUS Loans
· Select "Borrower: I am a student or parent borrower”.
· Select “Florida".
· School selection – Space Coast Health Institute (039854-00) (Please be sure you select the correct school #)
· Login – First Time Users Create password and set up account; returning users enter ID and Password
· Student: Select “Start a Federal Stafford Loan”; Parents: Select “Start a Federal Plus Loan”
- FOR DEPENDENT STUDENTS: Students should apply for the Federal Stafford Loan and Parents should apply for the Federal Plus Loan.
- NOTE: Dependent students will be considered for a subsidized loan only with a max. amount of $1,944.00. Parents may apply for the Plus Loan for the entire remaining amount of the tuition. If the Plus Loan is denied, the student will then be eligible for an unsubsidized loan with a max. amount of $2,222.00.
· Complete Entrance Counseling
· Proceed to complete application
· Credit results - If denied, print letter and contact financial aid office. If approved - continue.
· Read disclosure
· Electronic Signature Agreement - Check "Yes"
· Confirm demographics
· Complete Borrower information
· Read Lender Privacy Statement
· Complete student information
· Complete references
· Confirm information
· Read Borrower Rights & Responsibilities
· Read Promise to Pay
· Complete e-signature
*The school will be notified of your status however each student is advised to contact the financial aid office once this step has been completed.
LICENSURE REFERENCES
FINANCIAL REFERENCES
FAFSA Online: www.FAFSA.ed.gov
Veterans’ Assistance: www.gibill.va.gov
Florida Bright Futures Scholarship Program:
Sallie Mae Career Training Loans