FINANCIAL AID

Choosing to further your education is an important step in achieving your future career goals.  Once you have made the decision
to pursue a career focused course of study, your next step is to decide how you will pay for your education.

American Trade School participates in the Federal Pell Grant and the Federal Student Loan programs.

To be considered for federal student aid, a student must complete and submit a Free Application for Federal Student Aid (FAFSA). It
collects financial and other information used to calculate the expected family contribution (EFC) and to determine a student’s
eligibility through computer matches with other agencies. A FAFSA can be completed at American Trade School with a financial aid
administrator or online at
: www.fafsa.ed.gov.

ELIGIBILITY

Eligibility for federal student aid is based on financial need and on several other factors.  The financial aid administrator at
American Trade School will determine your eligibility based on the result of your FAFSA.

To receive aid from the federal student aid programs, a student must:

  • Qualify for financial need.
  • Have a high school diploma or a General Education Development (GED) Certificate.
  • Be working toward a degree or certificate in an eligible program.
  • Be a U.S. Citizen or eligible non-citizen.
  • Have a valid Social Security Number.
  • Register with the Selective Service if required.
  • Maintain satisfactory academic progress once in school.
  • Students must certify they are not in default on a federal student loan and do not owe money on a federal student grant.
  • Certify that federal student aid is used only for education purpose.

FEDERAL PELL GRANT

A Federal Pell Grant, unlike a loan, does not have to be repaid. Pell Grants are awarded usually only to undergraduate students
who have not earned a bachelor’s or a professional degree. Pell Grants are considered a foundation of federal financial aid, to
which aid from other federal and non-federal sources might be added.

NET PRICE CALCULATOR

The calculator below should be used strictly for estimated purposes only.

Click here for the Net Price Calculator


FEDERAL STUDENT LOANS

Will you need a loan to attend American Trade School?  If so, you may consider federal student loans.  Federal loans are borrowed
funds that you must repay with interest. A federal student loan allows students and their parents to borrow money to help pay for
college through loan programs supported by the federal government. They have low interest rates and offer flexible repayment
terms, benefits, and options.

Beginning July 1, 2010, all new Stafford and PLUS loans will be made under the William D. Ford Program Federal Direct Loan
Program (Direct Loan programs).  In the Direct Loan, the U.S. Government is the lender, and loan funds are provided to students
through the school.

American Trade School participates in the following federal student loan programs:






















FINANCIAL AID TOOLS

Net Price Calculator



FAFSA on the Web



Consolidation Repayment Calculator



Loan Repayment Calculator
    
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3925 Industrial Drive St. Ann, Missouri 63074 U.S.A. (314) 423-1900 voice (314) 423-1911 fax
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*Financial aid is available for those who qualify.
FEDERAL LOAN
PROGRAM
PROGRAM DETAILS
ANNUAL AWARD  LIMITS
(subject to change)
Direct Subsidized
Stafford Loan
  • Must be a least a half-time student
  • Must have financial need
  • For undergraduate and graduate students
  • Borrower is not charged interest while in college and during grace and
    deferment periods
  • The U.S. Government is the lender: payment is owed to the U.S. Government  
Between $3,500 and $8,500
depending on grade level.

Direct Unsubsidized
Stafford Loan        
  • Must be a least a half-time student
  • For undergraduate and graduate students
  • Borrower is responsible for all interest on the loan including while in college
    and during grace and deferment periods
Between $5,500 to $20,500 (less
any subsidized amount received
for the same period) depending on
grade level and dependency
status.
Direct Plus Loans for
Parents
  • For parents of dependent students
  • Borrower is responsible for all the interest
  • Must not have negative credit history
  • The U.S. Government is the lender; payment is owed to the U.S. Government
Maximum amount is cost of
attendance minus any other
financial aid the student receives.
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