South Florida Institute of Technology offers Financial Aid Assistance for those who qualify. The Financial Aid Assistance Programs are supported by the U. S. Department of Education. These programs are designed to help applicants who have limited financial resources by providing funds in the form of grants. This financial assistance is primarily for students whom would not otherwise be able to continue their education. Award of federal financial assistance as described above is conditioned on the availability of funds and on the financial need of the applicant.

Federal Pell Grant

The Pell Grant is an entitlement program available for those who need it to attend a post-secondary educational institution. The amount of the Pell Grant entitlement is determined on the basis of the cost of education at the institution attended and the actual number of credits for which the student is enrolled. Students can reapply annually for Pell consideration. All students receive a copy of The Student Guide for Financial Aid which is distributed by the U.S Department of Education.

Federal Pell Grant does not have to be repaid. Federal Pell Grants are awarded only to undergraduate students who have not earned a bachelor's or professional degree. Awards can range up to $5,550.00 per academic year and are based on the financial need of the family or individual and the cost of education.

Federal SEOG

A Federal Supplement Educational Opportunity Grant (FSEOG) is for undergraduates with exceptional financial need, which means students with the lowest Expected Family Contributions (EFC). This program gives priority to students who receive Federal Pell Grants. Students can receive between $100 and $4,000 a year depending on when they apply their level of need, and the funding level of the school. An FSEOG does not have to be repaid.

Federal Work Study Program

The Federal Work-Study Program provides jobs for undergraduate and graduate students with financial need by allowing them to earn money to help pay education expenses. The program encourages community service work and work related to the student's course of study. Employment is part-time only. An application can be made through the Institute's Financial Aid Department. Eligibility is based on financial need and the availability of funds.

Federal Direct Loan Program

Student loans, unlike grants and work-study are borrowed money that must be repaid, with interest. You cannot have these loans canceled because you didnÔt like the education you received, didnÔt get a job in your field of study or because youÔre having financial difficulty. Loans are legal obligations, so before you take out a student loan, think about the amount you need and do not request more than you need for your education. Your Federal Student Loans: ÑLearn the Basics and Manage Your Debt can help you learn more about federal student loan debt. You can find this publication at William D. Ford Federal Direct Loan (Direct Loan) Program.

Interest Rate for Direct Loan

Current interest rates for subsidized and unsubsidized loans first disbursed between July 1, 2012, and June 30, 2013, are the following:

Under Graduate Student Graduate Student
Direct Loan Subsidized 3.4% N/A
Direct Loan Unsubsidized 6.8% 6.8%

Financial Aid Eligibility


  1. High school diploma or GED diploma.
  2. Be enrolled as a regular student in an eligible program of study.
  3. Be a U.S. citizen or eligible non-citizen or the correct G-845.
  4. Make satisfactory academic progress toward completion of the program.
  5. Not to be in default or owe a refund to any Title IV program.
  6. Have the applicable financial aid forms filled and signed.
  7. Register (if you havenÔt already) with the Selective Service, if youÔre a male between the ages of 18 and 25.
  8. Demonstrate financial need.

Application Procedures

It is your responsibility to submit all the required material by the announced deadlines (June 1, 2012).

Prospective students are encouraged to apply early for priority consideration. Applicants should not wait for an admission decision before applying for financial aid. Admission decisions are made independent of financial aid decisions.

Free Application For Federal Student Aid (Fafsa)

For financial aid consideration, applicants need to complete the Free Application for Federal Student Aid (FAFSA) or a Renewal FAFSA.

The Department of Education has issued a PIN code to all continuing financial aid recipients who filed a FAFSA for the current 2012-13 academic year. The PIN is used to access, complete and electronically sign the Renewal FAFSA on the web at as well as to view your federal loan history at Instructions on filing the Renewal FAFSA on the web will be included with your PIN mailer. Please be sure to save your PIN number since it can be used to view the status and results of your processed FAFSA as well as to make corrections to your Student Aid Report.

If you have not received your PIN, or if you did not apply for financial aid for the 2011-2012 academic year but want to for 2011-2012, you can either request a PIN at, file a new FAFSA online at, or file a paper FAFSA. Paper FAFSA's are available at the Financial Aid Office.

The student responsibility include to complete the Entrance Interview and the Master Promissory Note before start class and the Exit Interview before last day of attendance advised by the Financial Aid Department

Notification of Financial Aid Awards

Students are notified of their Federal Pell Grant eligibility through an Institutional Student Information Record (ISIR). This report is electronically transmitted directly to the Institute by the federal processor. The U.S. Department of Education employs a uniform formula to evaluate the information contained on the student aid application and to determine the index of need. In order to receive an award, the ISIR must be reviewed and eligibility confirmed by the Financial Aid Office. If the student feels that the awards do not cover his or her needs, the student should consult with SFIT's Financial Aid Officer.

Disbursement Procedures

Awards will be made in accordance with the award letters issued by the Office of Financial Aid. Federal Pell Grant or campus base checks will be made payable directly to SFIT in a separate check for each studentÔs account. Financial Aid awards will be disbursed electronically and will be applied to each studentÔs account.

General Financial Aid Information

If you would like information about filling out the FASFA, or other information related to financial aid, please visit one of the web sites below.

Filling out the FAFSA
U.S. Department of Education FastWeb: A Free Scholarship Service U.S. Department of Education PIN registration National Student Loan Data System

Loan Information

Early Stages of Enrollment

Entrance Counseling

DCL-GEN-05-14 Guidance: Regulations require that first time borrowers of Federal Family Education Loan Program (FFELP) loans receive entrance counseling. During entrance counseling, schools must explain how the master promissory note works, emphasize the importance of repaying the loan, describe the consequences of default, and show borrowers sample monthly repayment amounts based on their program of study at your school. Schools may enhance entrance counseling to include financial literacy and ensure that borrowers thoroughly understand all information. In addition, schools should collect as much contact information about borrowers as possible during entrance counseling to facilitate future contact if needed. These activities will ensure more knowledgeable, responsible borrowers, and result in fewer defaulters as well.

SFIT Measures

We use the following entrance counseling tools:

Mapping Your Future website:
This tool, available at, provides borrowers with information on obtaining student loans and money management skills and contains an entrance counseling module. It also captures demographic information for the borrower.
My Student Loans Folder
This entrance and exit counseling tool gives students a place to store all of their loan paperwork. It also provides them with information on repaying student loans, managing money, and protecting credit.
See Section 5: Enhanced Entrance and Exit Counseling for additional entrance counseling activities we perform.

Financial Literacy for Borrowers

DCL-GEN-05-14 Guidance: The U.S. Department of Education (ED) recommends that schools provide borrowers with information concerning the income potential of occupations relevant their course of study, counseling at various stages of enrollment, interactive tools to manage debt, repayment options, and school contact information. Schools can offer this information through a variety of media such as counseling, classes, publications, e-tutorials, electronic newsletters to email accounts, adding the information to award letters, or using a combination of methods. To help students manage their debt, some schools are limiting access of credit card companies to their campuses. Schools should also provide borrowers with entrance counseling material and the following resources, at minimum, at enrollment and following graduation or withdrawal:

- Estimate of required monthly payments on the borrower's loan balance

- Calculators to help estimate and manage debt

- Loan servicer contact information

- Contact information for delinquency and default prevention assistance on campus

Lorain County Adult Career Center Measures

We provide the following financial literacy tools and services for our students:

- We introduce our students to the National Student Loan Data System (NSLDS) to help them determine their loan servicer and/or loan balance. The tools we use to educate students about financial literacy include:

- Great Lakes' Financial IQ: located in borrower section of

This online resource offers students information about money management, banking, credit scoring, and identity protection.

- Great Lakes' Repaying Your Student Loans: Making Good on Your Promise:

This guide reminds borrowers of their obligations, explaining the basics of repayment, and advising them on how to manage their money and establish a budget.

- Great Lakes' Education Tax Benefits: Getting a Return on Your Investment:

This guide provides an overview of the generous education tax benefits available to student loan borrowers. It describes the Hope and lifetime learning tax credits, as well as the student loan interest deduction. It also provides an overview on education tax benefit eligibility and lists resources where borrowers can obtain additional information.

- Mapping Your Future's personal financial management resources:

These tools, available at, provide borrowers with information on obtaining student loans, budget calculators and 'Ten Steps to Financial Fitness' to educate borrowers in money management.

Early Identification and Counseling for Students at-Risk

DCL-GEN-05-14 Guidance: 'Students at-risk' generally refers to borrowers who withdraw prematurely from their educational programs, borrowers who do not meet standards of satisfactory academic progress or both. Counseling at-risk borrowers should focus on the causes of withdrawal or unsatisfactory academic progress and solutions to resolve these matters. The end result of working with at-risk students will be more borrowers completing their educational programs, equating to a higher retention rate for the school and lower numbers of defaulted borrowers.

SFIT Measures

We offer the following forms of academic assistance to help retain students, especially those at-risk:

- Standards of Academic Progress provide students who are having difficulties with a framework for knowing what assistance and specific support services are needed to ensure success in meeting their educational goals. We maintain an intervention system to alert students to their academic weaknesses so that corrective measures can be implemented.

- Our Student Services Department is available to advice students who present with concerns relating to academic or personal barriers affecting their ability to succeed.

- A certified counselor is available in the school that will assess educational readiness, advise new students, and help with career decisions.

- Academic remediation is available to provide support and intervention services to assist students in achieving scholastic success.


DCL-GEN-05-14 Guidance: Communication of information relevant to the prevention and management of defaults must be a school-wide effort and should not be the responsibility of only a single office. While communicating certain information across campus is mandatory, communicating additional information is highly recommended. To promote success, school officials should examine their communication procedures for effectiveness and inclusiveness.

Information regarding borrowers' academic progress and enrollment status should be components of the information received by all relevant offices across campus including the offices that disburse funds and authorize payments. Accurate and timely communication among school entities and ED not only ensures the right aid is getting to the right student, but such communication will help schools comply with regulations regarding the school's standards of administrative capabilities, accurate and timely reporting of borrowers' enrollment status, and satisfactory academic progress.

  • SFIT Measures:

Our school utilizes the following methods to ensure effective communication:

- Our policies relating to Satisfactory Academic Progress can be found in both SFIT instructor and student handbooks.

- Program Instructors and Student Services communicate regularly to ensure students are complying with attendance and academic policies.

- The Director of the school is informed of any students who are failing to comply, who are placed on probation, or who are eligible for administrative withdrawal.

- See Section 2.3 for steps we take to ensure timely and accurate enrollment reporting.

Default Prevention and Retention Staff

DCL-GEN-05-14 Guidance: Having dedicated default prevention and management staff has proven invaluable for many schools. ED recommends dedicated staff because they are in an excellent position to establish working relationships with borrowers from early in the students' experience through repayment. Many schools are also dedicating staff to student retention activities, a key to school and student success as well as default reduction. Where resources are limited, ED recommends combining these two functions, as they are similar in nature. An emphasis on both will particularly benefit at-risk borrowers.

SFIT Measures

Our Financial Aid Officer is responsible for developing, maintaining, and implementing our school's default prevention and management plan.

Our default prevention and management effort is led by:

- Nelson Caballero and Silvio Incer, Student Services Coordinator and School Director,

Additional members of our default prevention and management team include:

- Gustavo Cordoba, Job Placement Director of South Florida Institute of Technology

- Manuel Forjan, School Assistant Director

Our default prevention and management team meets annually.

Our team evaluates its progress based on the results of our cohort default rate calculation in relation to underlying economic conditions, student body makeup, and other factors that affect the calculation of our cohort default rate.

Late Stages of Enrollment

Exit Counseling

DCL-GEN-05-14 Guidance: Regulations require that schools provide exit counseling. Exit counseling is an effective way to prevent defaults and is often the last opportunity that borrowers have to work with someone at school regarding their loans. In-depth counseling that focuses on fully explaining repayment plans and choices that fit the borrowers' needs is essential. Exit counseling is the opportunity to clear up any misconceptions students may have about their loan obligations and re-emphasize the consequences of default. Schools should take full advantage of this opportunity to work with their students. A large percentage of borrowers in delinquency either did not have the benefit of receiving this information or did not receive it timely. Thorough exit counseling is a cornerstone of default prevention and is mandatory.

SFIT Measures

We use the following exit counseling tools

- Mapping Your Future website:

This tool, available at, provides an exit counseling module that captures updated demographic and reference data and passes the information to schools.

- Great Lakes' Repaying Your Student Loans: Making Good on Your Promise:

This guide supplements exit counseling by reminding borrowers of their obligations, explaining the basics of repayment, and advising them how to manage their money and establish a budget.


DCL-GEN-05-14 Guidance: Many borrowers who default on their loans are borrowers who withdrew from school prior to completing their academic programs. These borrowers, at the highest risk of default, can often be identified while still on campus. Early identification and timely intervention can improve student retention and reduce the number of defaulted loans. In addition to fulfilling the regulatory requirement to provide exit counseling to students, schools should attempt to work with students even after they have left school by encouraging them to complete their programs of study and helping them resolve the issue(s) that prompted their withdrawal. Consider offering job placement services for a limited timeframe to students who have withdrawn. In addition to providing a valuable service, schools can take advantage of the borrower's return to campus to provide counseling.

SFIT Measures

The steps we take to recognize instances in which borrowers withdraw without notice include:

- Our policies detailing withdrawn student financial responsibilities are clearly defined in the SFIT student handbook.

- We provide students with our schools' withdrawal policy, during new student orientation, and when students register for classes.

- We have record-keeping and reporting processes that alert us when students present with excessive absenteeism or academic failure.

The steps we take to provide exit counseling and other services to students who withdraw include:

- We contact these students by phone, and if necessary by letter, to set up an I person exit interview. During the exit interview, the counselor determines why the student left school and attempts to get the student to re-enroll. If the individual is a student borrower, the counselor discusses repayment options and responsibilities.

- We inform students who drop of school of their obligation to complete Mapping Your Future exit counseling. This tool helps borrowers understand their repayment obligations.

Timely and Accurate Enrollment Reporting

DCL-GEN-05-14 Guidance: Timely and accurate enrollment reporting to the Secretary of Education or the guarantor as appropriate is required by regulation and promotes school and student success. There is a direct correlation between late or inaccurate enrollment reporting and loan defaults. This school activity ensures that borrowers receive their full grace period, and further ensures that contacts from the loan servicer such as correspondence and telephone calls occur in the appropriate timing and sequence. The servicer's contacts are designed to increase the likelihood that borrowers will satisfy loan obligations. Timely and accurate reporting of changes in enrollment status is required of all schools. Adhering to a monthly schedule of reporting changes in enrollment status will help with data accuracy and is recommended.

SFIT Measures

The steps we take to ensure timely and accurate enrollment reporting include:

- Bi-Monthly enrollment status reporting to NSLDS.

- We have record-keeping and reporting processes that alert us when students present excessive absenteeism or academic failure. We also ask instructors to inform the School Director when students stop attending classes Section 3: After Students Leave School

Maintain Contact with Former Students

DCL-GEN-05-14 Guidance: Schools find that all of the practices and strategies mentioned previously are much easier to employ if they are able to reach and keep in contact with their former students after they have left campus. By collecting ample reference information including cell phone numbers, e-mail addresses, and numbers and names of a variety of family members such as grandparents and cousins, schools have the resources to maintain contact with former students. Allowing borrowers to continue to use school e-mail accounts after they have left campus is not only a convenience to borrowers, but also a quick, easy, and effective method of contacting them after they have left school. One of the best methods schools can employ to avert defaults is to work with borrowers during every stage of repayment. Work with lenders, guaranty agencies, and servicers to identify delinquent and hard to reach borrowers, or those who have not been contacted at all to assist them with their repayment options and obligations. Contacting borrowers is an essential activity upon which successful default prevention and management can be built. Contact from the school may be the only effective technique to save a borrower from the negative consequences of default.

SFIT Measures:

- We obtain information from these sources to maintain up-to-date contact information:

- Our Job Placement Officer

- Reference information collected from the student at the time of registration and entrance and exit counseling

- Updated contact information gathered before the release of copies of transcripts or diplomas

- Free web services designed to help us locate borrowers, such as:




- "Forwarding and Address Correction Requested" Service of the United States

Postal Service

Refund Policy

Procedures for Cancellation/Termination by the Student

Any student wishing to cancel his/her Enrollment Agreement must notify the Admission and Financial Aid Department by certified letter or in person of his/her intention of cancellation. The school may require that such notice or notification must be made by a parent or guardian, if the student is below legal age. All monies will be returned if the applicant is not accepted by the school or if the student cancels within three (3) business days after signing the initial Enrollment Agreement and making the initial payment. This also applies to the Federal Return Policy. Cancellation after the third (3rd) business day, but before the first class, will result in a return of all monies paid, with the exception of the registration fee.

Termination of Student

- Students could be terminated on the following grounds:

- 1- Failure to comply with attendance and conduct policies.

- 2- Failure to maintain acceptable standards of progress.

- 3- Failure to pay tuition.

Students who fail to obtain a passing grade in all subjects will be placed on academic probation. If failure persists, the student could be subject to dismissal for failure to maintain acceptable academic standards of progress. Upon successful completion of the program, the school will assist each graduate with job placement. However, the school does not guarantee employment.

Return Title IV Institutional Return Policies

The return is defined as the difference between the amount paid towards school charges and the amount the school retains. The withdrawal date is defined as the last day of physical attendance unless earlier written notice is received. Charges will be determined as follows: dividing the number of days attended into the number of days comprising the payment period in which the student has been charged. The school may request notice of cancellation or withdrawal to be given by mail. This notice must be made by a parent or guardian if the student is below legal age. If outstanding charges exist on a student's account, the institution may credit the student's account with a portion of a post-withdrawal disbursement up to the amount of the outstanding charges or $100.00, whichever is the lesser.

Return Policies

For any Title IV aid recipient terminating their program of study after entering the institution and before completing at least 60% of the payment period or period of enrollment, the statutory Return of Title IV Fund policy will be implemented.

This new policy will calculate the amount of Financial Aid funds earned by the student during their enrollment. South Florida Institute of Technology will calculate the amount of Title IV aid that was earned based on a payment period basis. The institution will determine:

1- The Title IV aid disbursed or that could have been disbursed.

2- The percentage of Title IV aid earned by the student.

3- The amount of Title IV aid earned by the student.

4- The total Title IV aid to be returned or disbursed as a post withdrawal disbursement.

5- The amount of unearned Title IV aid to be returned by the school.

6- The amount of unearned Title IV aid to be returned by the student.

Institution refunds will continue to be calculated by the payment period. The student will be obligated for any tuition, fee, books, or equipment not covered by the Title IV funds.

Cancellation and Refund Policy:

For all non-Title IV recipients and for Title IV recipients after application of the return of Title IV policy, the following refund policy will apply:

  • Cancellation must be made in person or by certified mail.

- All monies will be refunded if the school does not accept the applicant or if the student cancels within three (3) business days after signing the enrollment agreement and making initial payment.

- Cancellation after the (3rd) business day, but before the first class, will result in a refund of all monies paid with the exception of the Registration Fee.

- Cancellation after attendance has begun but prior to 50% of the program will result in a pro-rated refund computed on the number of hours completed to the total program hours.

- Cancellation after completing 50% of the program will result in no refund.

- Termination date: The termination date for refund computation purposes is the last date of actual attendance by the student unless earlier notice is received.

- Refund will be made within 30 days of termination or receipt of the cancellation notice.

School's Cancellation of a Class or Program Policy:

The school reserves the right to cancel or postpone a class or program for any reason, including insufficient student enrollment. However, every effort will be made to cancel the class or program in advance of the scheduled beginning date. If the School elects to cancel the class or program, the student is entitled to a 100 % refund of fees paid.

Price of Attendance

Below is our cost of attendance for all programs for expense budget for 2012-2013 academic years. The amounts stated below are estimates and your individual expense budget may differ.

Tuition Fee $6,050 $6,050 $7,700 $6,272 $6,272 $9,158 $9,158 $7,066
Loan Fee 14 14 14 14 14 14 14 14
Books and Supplies 336 336 468 540 712 326 526 468
Room and Board 10,270 10,270 10,270 10,270 10,270 10,270 10,270 10,270
Transportation 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500
Personal 4,160 4,160 4,160 4,160 4,160 4,160 4,160 4,160
Fee 150 150 150 150 150 150 150 150
Total $22,480 $22,480 $24,262 $22,906 $23,078 $25,578 $25,778 $23,628

CBA=Computer Business Application; CGD=Computer Graphics Design; MA=Medical Assistant; AC= Refrigeration and AC Repair Technician; ECT= Electrical Construction Technician; PT= Plumbing Technology; BCT= Building Construction Technician; PCT= Patient Care Technician

Net Price Calculator

Our Net Price Calculator will provide you and your family with an early estimate of the financial aid for which you might qualify. Based on the information you provide regarding your family's financial situation and your education preferences, the calculator will return a net price. That price reflects your estimated costs of attending SFIT as a freshman or transfer student less your estimated financial aid. You will find our Net Price Calculator in the school website

Credit Balances

Title IV credit balances will be refunded to students after all aid has disbursed to the student account and a $0.00 balance is owed to the school.


of financial aid are typically made in two installments at the beginning of each term. For second term and students on academic probation, disbursements are held until grades are posted.

Institution's cohort default rate

0 at this time

Financial Aid Code of Conduct

As active institutional members of the National Association of Student Financial Aid Professionals (NASFAA), the Financial Aid employees at South Florida Institute of Technology have historically adhered to the NASFAA Code of Conduct. The Code is intended to help guide financial aid professionals in carrying out their duties, particularly with regard to ensuring transparency in the administration of the student financial aid programs, and to avoid the harm that may arise from actual, potential, or perceived conflicts of interest.

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