FEDERAL AND STATE AID

Professional Business College is committed to providing educational opportunities for all qualified students regardless of financial need. A variety of financial aid programs makes it possible for even the neediest student to gain a college education. The college participates in Federal and State financial aid programs.

The amount of money available is based upon the student's financial need, which is determined by subtracting the amount of the family's resources available for college expenses from the estimated cost of attending the college. Financial need for all programs -- State, Federal, and institutional -- is measured by a comprehensive financial statement, the Free Application for Federal Student Aid Form (FAFSA).

The college will defer any tuition payments due from a student upon application by the student for a grant for the expected amount.  Funds received by the college on behalf of a student will first be applied towards the student's tuition. After the student's tuition is paid in full, he/she will receive whatever balance remains.

Financial aid decisions are made on the basis of financial need and the availability of funds. Federal and State aid are determined for the full academic year. It is important to note that the availability of and eligibility for aid from Federal and State programs are not guaranteed from one academic year to the next and that students must reapply every year.  Also, enrolled students must meet this institution's academic progress standards to continue qualifying for financial aid awards.

Students are encouraged to apply for financial aid at least eight weeks before the beginning of the term in order that the funds will be available in the first month.  Students will receive their payments within one month of the college's receipt of the funds. Additional information about financial aid can be obtained from the college’s Financial Aid Office, Room 505.

INSTITUTIONAL GRANTS AND SCHOLARSHIPS

The Bella Nayyer Educational Grant: This grant is awarded to entering first time freshman students who are single, of independent status, and demonstrate a financial need. Students may receive up to $700.00 in their first semester of study. The grant must be used towards tuition, fees and/or books. The writing of an essay is part of the application process.

The Dr. Shou-Ting Lee Scholarship Fund: This scholarship is awarded to full-time continuing students who have completed four semesters of study, have achieved a cumulative GPA of 2.0 or better, and continue to demonstrate financial need. Students may receive up to $1,500.00 per semester under this scholarship. Award amounts vary according to continued financial need and annual funds available. The scholarship must be used towards tuition, fees and/or books.

Decisions regarding institutional scholarships and grants are made on a term by term basis. The availability of and eligibility for institutional aid are not guaranteed from one term to the next. Students must reapply every term.  Also, enrolled students must meet this institution's academic progress standards to continue qualifying for awards.

All applications for institutional grants or scholarships must be filed at least two weeks prior to the first day of the semester. Additional information about institutional aid can be obtained from the college’s Financial Aid Office, Room 505.

All financial aid is awarded on the basis of need, regardless of race, color, religion, sex, sexual orientation, age, national or ethnic origin, handicap, marital, parental, or veteran status.