STC Federal School Code: 015888

    Funding Options
    STC participates in various Federal, State and Local financial aid programs.
    --Federal Pell Grant
    --Subsidized Stafford Loan
    --Unsubsidized Stafford Loan
    --Parent PLUS Loan
    --PA TIP Grant
    --Veteran’s Education Assistance (VA)
    --Workforce Investment Opportunities Act (WIOA) & Pennsylvania CareerLink
    --Trade Adjustment Assistance/Trade Readjustment Act (TAA/TRA)
    --Office of Vocational Rehabilitation (OVR)
    STC is NOT eligible for the PHEAA State Grant. This is only for programs that are 2 years or longer

    Financial Aid recipients must meet the following minimum eligibility requirements in addition to demonstrating need:
    --Have a high school diploma, GED, or be home schooled in a setting that meets state law.
    --Be enrolled as a regular student working toward a diploma or certificate in an eligible program.
    --Be a U.S. Citizen or Eligible Non-Citizen.
    --Have a valid Social Security Number.
    --Maintain Satisfactory Academic Progress of 75% or higher.
    --Maintain Satisfactory Attendance (complete within 150% time).
    --Not be in Default on a Previous Student Loan

    Dependent or Independent Student
    If you answer YES to ANY of these questions, you may be an independent student & not required to provide parental information on your FAFSA
    1. Will you be at least 24 years old on December 31st of the academic year for which you are applying for aid?
    2. As of today, are you married?
    3. Are you working on a master’s or doctorate program?
    4. Do you now have, children who will receive more than half of their support from you during the school year for which you are applying for aid?
    5. Do you have dependents who live with you and who receive more than half of their support from you?
    6. Are you currently serving on active duty in the U.S. armed forces for purposes other than training?
    7. Are you a veteran of the U.S. armed forces?
    8. At any time since you turned 13:
    --were both of your parents deceased
    --were you in foster care
    --were you a ward or dependent of the court
    9. Has it been determined by a court in your state of legal residence that you are an emancipated minor or that someone other than your parent or stepparent has legal guardianship of you?
    10. Were you determined to be an unaccompanied youth who was homeless or were self-supporting and at risk of being homeless.

    Academic Year Definitions
    STC’s academic year for financial aid purposes is defined in Clock Hours and Weeks of Attendance. STC’s programs range from less than one academic year to more than one academic year in length. Students attending any program that is less than one academic year or who are advanced placed will have their financial aid awards prorated, or reduced, per federal guidelines based upon the number of hours and weeks to be completed.
    The PN program is eligible for aid in both a first and second academic year of training. The aid received for the second year in both nursing programs will be prorated per federal guidelines based upon the number of hours and weeks remaining in the second year of the program.

    Federal Direct Stafford Loan Programs
    Subsidized Stafford Loan
    Eligibility for a Subsidized Stafford Loan is based on family income and financial need established by standards set forth by the federal government.  The federal government subsidizes the interest on behalf of the student by paying the interest for the student during the deferment period (or period of enrollment) if the family meets the federal income and financial needs standards.
    Unsubsidized Stafford Loan
    The Unsubsidized Stafford Loan provides an opportunity for students to benefit from the low interest cost of the loan program.
    Parent PLUS Loan
    Parent PLUS loans are available to parents of dependent students to assist in meeting the costs of education.