Financial Aid Options for Career Training
How to Pay for Training in Miami
There are a lot of questions about financial aid and how to pay for career training. At Florida Education Institute, we believe that the cost of training should not be an obstacle in fulfilling your career goals, which is why we want to make the financial process as easy as possible.
Students in Miami have multiple options for paying for training including federal loans, scholarships, and grants. FEI’s Financial Aid Office is available, providing personalized assistance to current and future students in order to help them explore their financial options.
Federal Student Aid Options for Eligible Students
- Federal Pell Grant:
This is a need-based federal student aid program that does not require repayment. Awards are based on enrollment status and financial need and can vary each year. Award amounts are determined based on your SAI (student aid index), cost of attendance, and your status as a full or part-time student.
- Federal Supplemental Educational Opportunity Grant (FSEOG):
These grants are for undergraduate students who demonstrate exceptional financial need. Repayment is not required.
- Federal Subsidized Direct Loan:
Federal Subsidized Direct Loans are offered by the U.S. Department of Education to help students cover the cost of higher education. This is a loan and repayment is required. Interest is paid by the government while students are enrolled at Florida Education Institute at least half time.
- Federal Unsubsidized Direct Loan:
Federal Unsubsidized Direct Loans are offered by the U.S. Department of Education to help students cover the cost of higher education. This is a loan and repayment is required. This loan can be used in conjunction with the Federal Subsidized Loan (see above). The student is responsible for the interest payments while attending school, but these payments can be deferred by the student until after graduation.
- Federal Direct Parent Loans for Undergraduate Students (PLUS):
Direct PLUS loans can help pay for educational expenses not covered by other financial aid. These loans are available to eligible parents of students participating in the Direct Loan Program (see above). These are loans and repayment is required.
Please note, students MUST file a FAFSA (Free Application for Federal Student Aid) to determine their eligibility for federal assistance options.
Scholarships and Grants
- The Luis Alvarez CPA Scholarship Award:
This scholarship is in remembrance of Luis Alvarez, CPA, Florida Education Institute’s accountant from the time the school was founded until his passing in 2009. Mr. Alvarez was a believer in the human spirit and a great family man. His business philosophy was guided by two principles: sincere hard work and friendship. The number of scholarships varies per year and on funding availability.
- High School Student Scholarship:
The Florida Education Institute High School Scholarships is available to high school seniors interested in pursuing their education at Florida Education Institute. We offer four scholarships throughout the year (two in the fall and two in the winter). These scholarships are $2,500 each and are granted to career-focused and success-driven students.
To be eligible you must:
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- Be a senior in high school, graduating by June of the current year
- Be interested in attending Florida Education Institute after high school graduation
- Show academic progress toward graduation
- Maintain a cumulative 2.5 GPA or greater while attending Florida Education Institute
- Complete all necessary entrance enrollment requirements to Florida Education institute
Application and selection process:
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- Be a senior in high school, graduating by June of the current year
- Be interested in attending Florida Education Institute after high school graduation
- Show academic progress toward graduation
- Maintain a cumulative 2.5 GPA or greater while attending Florida Education Institute
- Complete all necessary entrance enrollment requirements to Florida Education institute
For detailed information regarding eligibility, application, and selection process students should refer to the school catalog and contact the Financial Aid Office.
Other Sources of Assistance
- Institutional Loan:
The Florida Education Institute Loan Program is available for eligible students. To qualify, students must maintain continuous and uninterrupted full-time enrollment. Students approved for this loan also need to maintain a current payment status.