Financial Aid For Career Training Programs @ Midwest Institute
Midwest Institute is student-centered. Our programs emphasize personal development as well as career development.
We care about your future.
Midwest Institute seeks students who have a sincere interest in their studies, whether that be medical, dental, or veterinary training. Your interest, motivation, and commitment are a few of the factors measured when considering your acceptance to a program.
Our Admissions counselors carefully determine how you will benefit from the career path you have chosen. Taking the first step is always the most difficult. We understand what it takes to begin a new career. We are here to encourage and support you from the first day of class through your first day on the job!
Financial Aid is available for those who qualify.
Click on the following link to see a description of the types of aid available. Click here to download.
To find out more about financial aid and how to qualify, click the following link http://www.studentaid.ed.gov/
Financial Aid Information is available by contacting our office directly through this website, or by calling 314-344-4440.
MILITARY TUITION ASSISTANCE
Midwest Institute offers Active, Reserve, and Veteran military personnel living in the St. Louis area the opportunity to gain a career-focused education. Please visit our Military Tuition Assistance page to learn more about which tuition assistance programs you may qualify for as a Veteran or Veteran’s Dependent.
NET PRICE CALCULATOR
The Net Price Calculator is a tool to help you get a better idea of how much you will invest in your chosen program. The Net Price calculator makes it easy to get a quick estimate of the financial aid you may be eligible to receive based on your individual need. This will allow you to quickly determine your out-of-pocket costs for tuition and fees and have you on your way to your future!
Your Program Cost and Financial Aid Estimate includes:
- Federal and state financial assistance
- Grants, scholarships and other funding for which individuals wishing to attend our school may be eligible
Financial aid is available to those who qualify. Our Financial Aid department is available to answer questions you may have when applying for financial aid.
The following are policies that are important for students to know and understand prior to receiving financial aid:
Verification is the process by which Midwest Institute confirms the accuracy of the information reported on a students’ FAFSA. Some applications are selected to be verified. If indicated by an asterisk after the EFC or on page 3 by a Y or N on the verification flag line on the Institutional Student Information Report (ISIR), your ISIR has been selected for verification.
The student will be required to submit additional documentation in order to qualify for financial aid. These documents may include:
The Federal Verification Worksheet
- Copies of the federal income tax return TRANSCRIPT for the student, spouse and/or parent (if applicable) if the student did not or was not able to use the IRS data retrieval process or made changes to the data once it was reported in the IRS data retrieval process.
- Proof of citizenship, proof of sibling/spouse/dependent enrollment at another institution, copies of Social Security benefit statements, 1099 forms and other documents may also be requested.
If discrepancies are discovered during verification, the Office of Financial Aid may require additional information or documents. Any discrepancies that must be corrected may change your eligibility for financial aid as estimated on your ISIR.
If you, your spouse or your parent refuse to submit the required documentation, your eligibility for federal financial aid may be forfeited.
Documents required for verification:
- Household size (number of people in your household)
- Number in college (number of household members attending a post-secondary educational institution at least half time)
- Adjusted Gross Income (AGI) or income earned from work if income is below the minimum required for income tax filing
- U.S. Income Tax Paid for the base year
- Certain Untaxed Income and Benefits for the base year
- Untaxed IRA distributions
- Untaxed pensions
- Education Credits
- IRA deductions
- Tax-exempt interest
- Food stamps received
- Child support paid
In addition to these basic verification requirements, students may be asked to verify any other item reported on the FAFSA. Dependent students are required to submit a dependent federal verification worksheet and a copy of both the student and parent’s federal income tax transcripts for the prior fiscal year
Independent students are required to submit an independent federal verification worksheet and a copy of the federal income tax transcript for the prior fiscal year. If an independent student was married at the time he/she signed the FAFSA and did not file a joint tax return, the student must also submit a tax transcript for his/her spouse.
The verification worksheet and the tax transcripts should be forwarded to the Office of Financial Aid as soon as possible after they are requested. Students will not be awarded federal financial aid until the verification process has been completed.
Leave of Absence:
Students may apply for a leave of absence by submitting a request in writing to the Director of Education of their campus or in person with the Director of Education or Campus Director. An LOA can only be approved if the student is able to return to a section of the program which is at the same point as the Module from which the student withdrew. It is the student’s responsibility to return on the date submitted from his/her LOA. If the student can not return on that date a request for an extension must be presented in writing and approved by the Director of Education or the Campus Director. If a student does not return from an approved leave of absence the student’s last date of attendance will be the date the student ceased to attend classes. If the student can not return on that date a request for an extension must be presented in writing and approved by the Director of Education or Campus Director.
Before Withdrawing discuss your options:
Withdrawing from school is a big step. Before you withdraw make an appointment with your counselor to understand the impact that withdrawing could have on your future education. Talk to your counselor about options that might be available to help you finish your classes.
If you have financial aid, check with the Office of Financial Aid to be sure you understand your debt and are advised how Midwest Institute will help you through the process of repaying your loans or understanding other payment options.
Active Duty Reservists, National Guard and Natural Disaster Emergency Workers ordered to duty should contact the Director of Education.
How to Withdraw:
You can withdraw by contacting the Director of Education or Director of your campus in writing or in person.
You must contact the Financial Aid Office in order to understand your financial aid responsibilities and complete an exit interview.
Nonattendance DOES NOT constitute a withdrawal. If you stop attending a class, you are still liable for all applicable tuition and fees, and you will receive a failing grade.
Last Day of Attendance
A student is considered to have withdrawn from a payment period in which the student began enrollment if the student ceases attendance in all scheduled courses. The last date of attendance is the date of the last class attended. For online students, this is the last date of any academically related activity for their class in the Student Portal.
Returning to a Program
Students who withdraw and want to return to the same program must do so within 180 days. The Director of Education will determine if there are classes available for the student to be able to return within the required time-frame and if the student returns they will be in the same payment period as when they withdrew. When the student returns any aid returned to Title IV at the time of withdrawal will be requested and applied. If the student does not return they will be responsible for any Title IV loan balance and balance owed to the school.
Return to Title IV
As a result of a withdrawal, students who received federal funds will be required to repay “unearned” aid. This aid may be repaid by the institution, the student or both. The percentage of Title IV aid earned is equal to the percentage of the payment period or period of enrollment completed. If the day the student withdrew occurs on or before the date the student completed 60% of the payment period, the percentage earned is equal to the percentage of the payment period that was completed. (a payment period is ½ of the total weeks and credit hours that the student attends) If the day the student withdrew occurs after the student has completed more than 60% of the payment period, the percentage earned is 100%. Once a student’s withdrawal date is determined, a school needs to calculate the percentage of the payment period or period of enrollment completed. The percentage of the payment period or period of enrollment completed represents the percentage of aid earned by the student.Back to Top