Financial Aid FAQs
Each school is designated with a federal school code. You can look it up by institution, but Divers Institute’s OPEID code is 011481.
We accept most forms of payment. A payment plan specific to you will be discussed and outlined with your Financial Aid Administrator.
Once you have completed the FAFSA and the Financial Aid Administrator has evaluated your report, they will contact you with the necessary information. You may also make a call to the school and inquire.
The FAFSA, also known as the Free Application for Federal Student Aid, is a form used by the U.S. Department of Education to determine eligibility for student aid (which includes the Pell Grant and Direct Loan Programs) and is based on the financial need of the student.
FAFSA does not cover the entire cost of the program. Once your FAFSA is complete, you and your Financial Aid Administrator will discuss other alternative financing options available to you that can help you cover the remaining cost of the program and other educational expenses while you’re in school.
The Department of Education determines who is eligible for federal aid. If you have a federal loan that is currently in default, you will not be eligible to receive federal financial aid. However, the DIT Financial Aid Office can work with you on options to resolve the default so that you can regain eligibility for federal student aid.
Yes. Currently all of our programs are VA approved. All you need to do is let your Financial Aid Administrator know that you are planning on using your VA education benefits and we’ll get you started from there.
In order to accept your Federal Student Loans you must complete a Master Promissory Note (MPN) online. It is a legal document where you acknowledge and acceptance the terms and conditions of the loans. You can complete it online at www.studentaid.gov . In completing the MPN you are promising to repay your loan(s) and any accrued interest and fees to the U.S. Department of Education.
As long as you are attending school at least half time, your payments can be deferred. While attending our institution you are meeting that requirement. The Financial Aid staff will work with you to ensure that the appropriate organizations are notified.
The balance owed to the school is the student’s responsibility; a personal loan from your own bank is one option. Alternative loans will be discussed during the packaging process so that you have all the necessary information to make the right decision for your circumstances.
Most private student loans, like Sallie Mae Smart Option Loan and Meritize, typically require the addition of a credit-worthy cosigner.
Every student has different funding, the dates and amounts will be discussed individually with your Financial Aid Administrator.
You are required to repay all federal and private student loans that you borrow for school. Students have a variety of options when it comes to repayment plans both during and after school.
Money from your financial aid package will be sent to DIT and disbursed to your account. First, we will apply the money to your tuition and other education expenses charged to your account like gear and the physical. After this money has been applied to these charges, any additional money remaining will be given to you by direct deposit throughout the program.