Financial Aid Overview

Financial Aid Overview

Northwest Technical Institute Financial Aid is located in the Student Services Office housed in the Administration building.  The Financial Aid Office administers the Title IV Federal Aid Program which includes the Pell Grant.  The financial aid office also processes federal, state and private scholarships and grants. 

Where to Start

The application to apply for financial aid, or the Free Application for Federal Student Aid (FAFSA) application, is FREE to complete. Please do not pay to fill out the FAFSA. You may visit https://fafsa.ed.gov/ to get access to the free application.  NWTI’s school code is 014044

When completing your FAFSA, please use the IRS Data Retrieval Tool to import your tax information into the FAFSA.  Below is a link that will provide guidance:

http://www.irsdataretrievaltool.com/irs-data-retrieval-tool-step-by-step-instructions

Federal Pell Grant, unlike a loan, does not have to be paid back. It is the Federal government’s largest student aid program and is the starting point for most students seeking financial assistance.  Pell eligibility is based on multiple factors which include enrollment, income, family household size, and other factors.  Not every student is eligible for receive the Federal Pell Grant. 

For information on the types of aid offered and how to apply, visit https://studentaid.ed.gov/sa/

For all federal financial aid, enrollment is calculated as of the 11th day of the semester for fall and spring semesters and the 5th day for the summer semester.

NWTI chooses not to participate in the Federal Direct Loan program.  However, there are three options for students who are interested in receiving an alternative loan. 

Arkansas Rural Endowment Fund, Inc.
This private, uninsured student loan program provides up to a maximum of $2,625.00 per year.  This loan accrues interest while the student is in school, but repayment does not begin until six months after school attendance ceases.  For information and application forms, contact the Arkansas Rural Endowment Fund, Inc. at 501-375-2358 or visit http://www.aref.org.

Sallie Mae Career Training Smart Option Alternative Student Loan
This private, uninsured student loan for professional training and trade certificate courses at a non-degree granting school.  This loan accrues interest while the student is in school, but repayment does not begin until six months after school attendance ceases.   For information and application forms please visit https://www.salliemae.com/student-loans/career-training-smart-option-student-loan/?lnkid=SM-HP-loanoptions-careertraining

Wells Fargo Private Career Student Loans
This private, uninsured student loan program provides up to a maximum of the students cost of attendance.  This loan accrues interest while the student is in school, but repayment does not begin until six months after school attendance ceases.  For information and application forms, contact Wells Fargo at 877-437-8234 or visit https://www.wellsfargo.com/student/community-college-loans/