There is no reason why financial aid questions should delay you in your journey to begin a new career. Brensten Education offers financial aid opportunities to those who qualify, as well as the ability to create a financial aid plan that fits your needs. BSEÔÇÖs comprehensive approach to financial aid allows you to enroll and get started training for your new career as quickly as possible!
If you are wondering how you can make training for your new career fit your financial budget, our Financial Aid department is ready to speak with you. They have several different loan packages that include federal and institutional grants. We also accept federal, state and private loans that qualifying students may utilize in order to pay for their education.
The level of financial support that each student qualifies for depends upon their eligibility. Being that every studentÔÇÖs situation is unique, it is best if we speak with you before assessing the different types of aid packages that can benefit you. There are several things that you may want to consider as you make your financial aid decisions.
Some students elect to defer their payments for up to six months after graduation to avoid worrying about their finances while they learn. You may also want to consider the benefits of having a cosigner for your loan. This can reduce the rate of interest you pay, which can save a considerable amount of money over the life of your loan. Plus, after 24 consecutive on-time payments, you can request to have your cosigner removed.
Federal Pell Grant Program: A Federal Pell Grant, unlike a loan, does not have to be repaid. The maximum Pell Grant for the 2011-12 year award is $5,550. The amount depends on your financial needs, costs to attend school, status as a full-time or part-time student, and plans to attend school for a full academic year or less. You automatically apply for the Federal Pell Grant program when you complete the Free Application for Federal Student Aid (FAFSA). Please note: Brensten Education FAFSA School Code is G41379. Pell Grants are awarded to students who do not already have a bachelorÔÇÖs degree based upon the number of hours enrolled and the Federal Pell Grant Program regulations.
Private sources of loan funds are available to help pay for educational expenses, beyond the resources of federal and state financial aid. These are unsecured (no collateral required) bank loans with competitive interest rates. Usually you must be enrolled at least half-time to qualify and may borrow up to the cost of education minus all other financial aid you receive. Most lenders will perform a credit check and determine credit worthiness (income, employment, residency, etc.) before granting these loans.
Federal Student and Parent Loans: The U.S. Department of Education provides various loan programs to students and their parents. These are low-interest loans, which must be repaid. In the Federal Direct Loan Program, students and parents can borrow directly from the federal government. Loans are available to Brensten Education students in the Federal Stafford Loan program, while graduate students or parents of dependent undergraduate students can borrow from the PLUS Loan program. Make your career in IT or digital marketing a reality ÔÇô in less than a year. Contact Brensten Education to start earning your Microsoft Professional Certification today!
State of Minnesota Self Loan: The SELF Loan is a long-term, low-interest educational loan primarily for Minnesota students who need assistance paying for education beyond high school. The SELF program has provided over $1.7 billion in loans to students since 1984 and is administered by the Minnesota Office of Higher Education, a state agency. There is no minimum income threshold or requirement to demonstrate financial need. There are no application, origination, guarantee or other processing fees deducted from the loan.
Federal Direct Loans: Direct Loans are low-interest loans for students and parents to help pay for the cost of a studentÔÇÖs education after high school. The lender is the U.S. Department of Education rather than a bank or other financial institution.
With direct loans you:
- Borrow directly from the federal government and have a single contact ÔÇô the Direct Loan Servicing Center ÔÇô for everything related to the repayment of your loans, even if you receive Direct Loans at different schools.
- Have online access to your Direct Loan account information 24 hours a day, 7 days a week at Direct Loans on the Web at: www.dl.ed.gov.
- Can choose from several repayment plans that are designed to meet the needs of almost any borrower, and you can switch repayment plans if your needs change.
Starting the loan process: Students apply for Federal Student Loans by completing the Free Application for Federal Student Aid (FAFSA). Please note: Brensten Education FAFSA School Code is G41379, regardless of what state you are in. After completing the FAFSA, there are two additional steps that must be completed. First, sign a Master Promissory Note (MPN), second, complete Loan Entrance Counseling.