Types of Aid

Grant programs provide assistance to students who qualify and do not have to be repaid.

Federal Pell Grant

• Must be an undergraduate student who does not have a Bachelor’s or a professional degree.

Federal Supplemental Educational Opportunity Grant (FSEOG)

• Given to help low-income undergraduate students finance the cost of their education.

Washington College Grant

• Must be an undergraduate student who does not have a Bachelor’s or a professional degree, is a Washington state resident, and meets income guidelines.

College Bound Scholarship

• Must be an undergraduate student who does not have a Bachelor’s or a professional degree, is a Washington state resident, and meets income and College Bound Scholarship guidelines. 

Opportunity Grant

• Students must apply for the Washington State Board for Community and Technical Colleges (SBCTC) Opportunity Grant by filling out and submitting an application to the Financial Aid Office. A notice will be posted around campus when the grant becomes available.

Students who meet all of the criteria will be awarded the Opportunity Grant prioritized in the order that they applied.

Worker Retraining Grant

• The Washington Worker Retraining (WRT) Program plays a major role in Washington State's economic development by providing funds for eligible dislocated and unemployed workers in training or retraining that will assist them in regaining employment. You may be eligible for the Worker Retraining Grant, check out all the eligibility categories.  If you believe you may be eligible for this grant, please contact financial aid at financialaid@perrytech.edu.

If you have questions on eligibility please contact the Financial Aid Office. (Proof of eligibility must be provided. Other documents will be requested as needed.)

Loan programs supported by the federal government or private entities allow students and parents to borrow funds to pay for educational expenses.

Loans must be repaid with interest.  Borrow only what you need.

Federal Direct Loans
Federal Direct Loans are offered to all students or parents (on student’s behalf) who meet federal eligibility requirements. These loans are funded by the U.S. Department of Education and are not limited by institutional funding.

Eligible students may receive loan funds up to their annual and aggregate federal loan limits. All Federal Direct Loans must be repaid with interest.

When you borrow federal student loans, you are required to complete:

• Master Promissory Note
• Entrance Counseling
• Exit Counseling

These tools help you understand your rights and responsibilities as a borrower.

Direct Subsidized Loans
Direct Subsidized Loans are available to students with financial need.

• Fixed interest rate
• No interest accrues while enrolled at least half-time
• No interest accrues during approved deferment periods
• Flexible repayment options

Direct Unsubsidized Loans
Direct Unsubsidized Loans are available to all students and do not require demonstration of financial need. 

• Fixed interest rate
• Interest begins accruing upon disbursement
• Flexible repayment plans

Direct PLUS Loans for Parents
Direct PLUS Loans for Parents are available to parents of dependent students to help cover educational expenses not met by other aid.

• Credit check required
• Fixed interest rate
• interest begins accruing upon disbursement
• Student must have a FAFSA on file

Estimate your Loan Repayment
All federal student loans must be repaid. The U.S. Department of Education provides a free loan simulator to help you make informed borrowing decisions.

With this tool, you can:

• Estimate your monthly loan payments
• Compare federal repayment plan options
• Calculate total repayment costs over time
• Explore repayment scenarios based on income

Use the Loan Simulator: https://studentaid.gov/loan-simulator

Private Education Loans
Private education loans can help families cover remaining education expenses not covered by other aid. These loans should only be considered after all other funding options, such as federal student aid and scholarships, have been explored. In many cases, federal student loans offer more favorable terms and borrower protections than private education loans.

Students are encouraged to research multiple lenders and may choose any lender of their choice. Perry Technical Institute does not maintain a preferred lender list and does not recommend or endorse any specific private education loan lender.

Perry Technical Institute will certify loans from any eligible lender and will not delay or deny certification based on lender selection.

Lender Information
For your convenience, below are examples of lenders that students have used in the past. This information is provided for informational purposes only and does not represent endorsement by Perry Technical Institute. Students may choose any lender.

Sallie Mae: https://www.salliemae.com/smartoption
College Ave: https://www.collegeavestudentloans.com/student-loans/undergraduate-student-loans/
Navy Federal: https://www.navyfederal.org/loans-cards/student-loans/

Before applying for a private education loan, borrowers should:

• Review lender-provided disclosures required under the Truth in Lending Act (TILA)
• Understand loan terms, including interest rates, fees, and repayment options
• Compare private loans with available federal student aid options

For additional information, visit Federal Student Aid or review Perry Technical Institute’s Financial Aid Code of Conduct.

If you meet the criteria, there are other options which can help pay for school.

Federal Work Study

• The federal work study program provides students with funds for working part-time on or off campus. For more information, email fianancialaid@perrytech.edu. Jobs are offered on a first come first serve basis.

Outside Funding Assistance

• There are many outside funding agencies that may be able to assist you with tuition, books or tools.. If you can answer yes to any of the circumstances bulleted below please contact our program student specialist for more information:

• Veteran
• Lack of GED or High School Diploma
• Eligible to receive, are receiving or exhausted unemployment benefits
• Laid off from a permanent full time position
• Unemployed for more than 27 weeks or 12 months
• Receiving TANF/food stamps
• Homeless
• Season farm worker
• Displaced homemaker
• Tribal member
• Limited English proficiency
• Disability
• Non-Custodial parent
• Single parent
• Low income
• Foster care
• Barriers to employment

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, WA College Grant, College Bound Scholarship, WA Worker Retraining Grant, and State Opportunity Grant funds should be credited to your account one week 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.  Excess payments to students are processed twice per month. Direct deposit is highly encouraged for faster payment.  Any excess funds released may result in a future payment due.

View Veteran Education Benefits

View Scholarship Information