Financial Aid

Carnegie Institute is an eligible institution under the Federal Insured Student Loan Program. Financial aid funds are awarded to supplement family or student tuition when family funds alone cannot cover educational expenses.

Although Financial Aid Applicants are accepted throughout the school year, Carnegie Institute recommends the students submit applications at least 6 weeks before the start of their programs to receive full consideration for available funds.

Financial Aid Programs

Students may be eligible for one or more of the following Financial Aid Programs:

• Free Application for Federal Student Aid
• Federal Pell Grant
• Federal Supplemental Education Opportunity Grant
• Federal Subsidized Stafford Loan
• Federal Unsubsidized Stafford Loan
• Federal PLUS Loan
• MEAP
• MET
• Approved for Veterans and Eligible Dependents
• Michigan Works!
• UAW Tuition Assistance
• CTF Scholarship

All loan recipients will be required to attend an entrance and exit interview as scheduled by the Financial Aid Office.

Title IV Student Loans

Code of Conduct

All employees of Carnegie Institute are prohibited from any conflict of interest activity with respect to Title IV loans. Employees with loan-related responsibilities must abide by the following Code of Conduct.
Employees are prohibited from:

• Entering into revenue-sharing arrangements with lenders
• Participating in opportunity pools with lenders
• Accepting gifts of more than nominal value from lenders
• Receiving compensation for consulting services to education lenders
• Permitting lender staff to assume financial aid office staff functions

Exclusions from the gift ban:

• Providing brochures, workshops or training related to loans, default prevention or financial literacy.
• Food, refreshments, training or information items furnished as part of a financial aid professional training session.
• Borrower benefits.
• Entrance and exit counseling "services", as long as the school controls the counseling and such counseling does not promote the products or services of any specific lender.
• Philanthropic contributions that are not made in exchange for loan volume.

Financial Aid Resources

Scholarship Opportunities