Financial aid consists of grants, loans, jobs, and scholarships that help offset the cost of educational expenses. Awards can come from federal, state, local, or private sources. See links below to explore these additional funding options more in depth:
Grant programs provide assistance to students who qualify and do not have to be repaid.
Federal Pell Grant
Federal Supplemental Educational Opportunity Grant (FSEOG)
Washington College Grant
College Bound Scholarship
Loan programs supported by the federal government or private entities allow students and parents to borrow funds to pay for school expenses. Loans must be repaid.
Direct Subsidized Loans
Direct Unsubsidized Loans
Direct PLUS Loans
For a current list of potential sources, visit private loan options. To view lender application disclosures, select the appropriate links: Sallie Mae or Wells Fargo. For additional information, see the Financial Aid Code of Conduct.
Institutional Tool Loans
If you meet the criteria, there are other options which can help pay for school.
Federal Work Study
Worker Retraining Grant
If you are eligible or think you might be eligible contact the Financial Aid Office. (Proof of eligibility must be provided. Other documents will be requested as needed.)
Outside Funding Assistance
How and When Financial Aid Will Be Disbursed
Financial aid is disbursed electronically into your PTI student account. Federal Loan, Pell Grant, Federal Supplemental Educational Opportunity Grant, State Need Grant, College Bound Scholarship, and State Opportunity Grant funds should be credited to your account one week after the start of the term. Worker Retraining Grant funds should be credited to your account no later than six weeks after the start of the term. For timing on other aid, please contact the Financial Aid Office.
How and When Excess Funds Will Be Released
Financial aid funds are first applied to your student tuition account. If a credit balance is created on your student account, excess funds will be released to you unless you authorize PTI to hold and manage your credit balance. Direct deposit funds are disbursed weekly and paper checks are only disbursed twice a month. Any excess funds released may result in a future payment due.
For more information, click here: Check Policy.
The Coronavirus Aid, Relief and Economic Security (CARES) Act was passed by Congress and signed into law to provide economic relief from COVID-19. One section of the CARES Act established the Higher Education Emergency Relief Fund (HEERF) and sent money to schools to use for emergency financial aid grants to students for expenses related to the disruption of campus operations due to the pandemic.
PTI students have been notified via text and email to complete an application through my.perrytech.edu to be considered for the HEERF funds. Eligible students* can receive $500 - $2,000 based on a sliding scale developed by PTI. The sliding scale utilizes the students expected family contribution from the 2019-2020 FAFSA. If a student has not completed a FAFSA and is deemed eligible, the minimum amount of $500 will be awarded as no EFC information is available. Students that have not been awarded the max amount of $2,000 can appeal for additional funding up to the max amount.
Additional information regarding the CARES Act and HEERF can be found at https://www.ed.gov/news/press-releases/secretary-devos-rapidly-delivers-more-6-billion-emergency-cash-grants-college-students-impacted-coronavirus-outbreak
*The Department of Education has defined eligible students are students that could be eligible to participate in programs under Section 484 in Title IV of the Higher Education Act of 1965, as amended (HEA), may receive the Emergency Financial Aid Grant. If a student has filed a Free Application for Federal Student Aid (FAFSA), then the student has demonstrated eligibility to participate in programs under Section 484 the HEA. Students who have not filed a FAFSA but who are eligible to file a FAFSA also may receive Emergency Financial Aid Grants. The criteria to participate in programs under Section 484 of the HEA include but are not limited to the following: U.S. citizenship or eligible noncitizen; a valid Social Security number; registration with Selective Service (if the student is male); and a high school diploma, GED, or completion of high school in an approved homeschool setting.
Below is information required to be reported by the Department of Education:
An acknowledgement that the institution signed and returned to the Department the Certification and Agreement and the assurance that the institution has used, or intends to use, no less than 50 percent of the funds received under Section 18004(a)(1) of the CARES Act to provide Emergency Financial Aid Grants to students.
PTI has signed and returned to the Department of Education the Certification and Agreement. PTI will use no less than 50 percent of the funds received under Section 18004(a)(1) of the CARES Act to provide Emergency Financial Aid Grants to Students.
The total amount of funds that the institution will receive or has received from the Department pursuant to the institution’s Certification and Agreement [for] Emergency Financial Aid Grants to Students.
PTI was awarded $983,818.
The total amount of Emergency Financial Aid Grants distributed to students under Section 18004(a)(1) of the CARES Act as of the date of submission (i.e., as of the 30-day Report and every 45 days thereafter).
As of May 25, 2020 PTI has distributed $625,700.
The estimated total number of students at the institution eligible to participate in programs under Section 484 in Title IV of the Higher Education Act of 1965 and thus eligible to receive Emergency Financial Aid Grants to students under Section 18004(a)(1) of the CARES Act.
As of May 25, 2020 the estimated number of eligible students was 700.
The total number of students who have received an Emergency Financial Aid Grant to students under Section 18004(a)(1) of the CARES Act.
As of May 25, 2020 the total number of students who have received a disbursement was 526.
The method(s) used by the institution to determine which students receive Emergency Financial Aid Grants and how much they would receive under Section 18004(a)(1) of the CARES Act.
An application was provide to all students via their my.perrytech.edu account. The Financial Aid office will review the responses provided in each application to ensure the student is eligible and the student has incurred additional costs related to their continued education (including eligible expenses under a student’s cost of attendance, such as food, housing, course materials, technology, health care, and child care). To ensure students with the greatest need receive the emergency aid, the Financial Aid Office will use a sliding scale to determine the award amount. PTI has developed the sliding scale by using the 19-20 Pell distribution table as a guide, therefore resulting in the use of the students most recent EFC to determine the amount of award for each student. Funds were allocated to each EFC level to provide all eligible students an opportunity to receive a grant as all eligible students have been impacted by the Coronavirus.
Any instructions, directions, or guidance provided by the institution to students concerning the Emergency Financial Aid Grants.
The Financial Aid office has been working remotely and has been responding to student’s questions/inquiries regarding HEERF funds. All enrolled students were sent an email and text to notify them of the grant opportunity and requested an application to be complete. In addition, the information preceding to this report was posted to our website.