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Financial Aid Information

Financial Aid Information

AWARD YEAR                   July 1, 2016 to June 30, 2017
 
FINANCIAL AID is available to those who qualify.  Please call our campus business office to set up an appointment: Wichita, KS 316-943-5516 or the Ballwin, MO campus 636-394-7335.

FAFSA

School Code: 026031 Wichita, KS and 026031-
and for the Branch campus Ballwin, MO campus; search Missouri and Craveand the code will appear- E02186
The Free Application for Federal Student Aid (FAFSA) must be completed in order to apply for any of the following Financial Aid programs. The FAFSA application, along with information from your 2015 tax return (after July 1, 2017, 2016 tax return &/or your parents if you are a dependent student) will determine your eligibility for Federal Grant money and Stafford Student and Parent PLUS loans.

FEDERAL PELL GRANT

The FAFSA application, along with information from your 2015 tax return (&/or your parents if you are a dependent student) will determine your eligibility for Federal Grant money and Direct Student and Parent Plus loans. The maximum award is $5775.00 for the 2015/2016 award year and 2016/2017 award year maximum $5815.00. Additional household information may be required to fully establish eligibility.

DIRECT SUBSIDIZED LOAN

  • Based on need, not credit history or income    
  • Amounts vary with qualifications
  • Payments will be approximately $50.00 + interest 
  • Fixed interest rate – 4.66% (loans disbursed on or after 7/1/14 and before 7/1/15)
  • Loans disbursed on or after 7/1/15 and before 7/1/16 - 4.29% interest
  • Government pays interest while you’re in school
  • Repayment begins 6 months after completing school
  • Loans are in student’s name only

DIRECT UNSUBSIDIZED LOAN

  • Based on need, not credit history or income                          
  • Amounts vary with qualifications
  • Payments will be approximately $50.00 + interest
  • Fixed interest rate – 4.2%
  • Government does not pay interest while you’re in school
  • Repayment begins 6 months after completing school
  • Loans are in student’s name only

PARENT PLUS LOAN

Enables parents with qualifying credit to borrow from the Government to help with education expenses for their dependent student. Loan amounts vary with qualification. Interest rate: loans first disbursed on or after 7/1/14 and before 7/1/15 - 7.21% interest. Loans first disbursed on or after 7/1/15 and before 7/1/16 - 6.84% interest. The PLUS loan enters repayment 30-60 days after the loan is fully disbursed. If the PLUS loan is denied, an increase in the Unsubsidized loan may be available to the dependent student.
 
If you feel you have special circumstances that need to be considered, please contact the Financial Aid office.  You will be required to submit certain documentation to support your request.  All decisions made by the Financial Aid office are final.

OTHER FINANCING OPTIONS

VA Benefits available to those who qualify
NO INTEREST MONTHLY payments. Balance remaining is divided by number of months in training.
PAYMENT PLAN Payments are due the 15th of each month. Balance is due to the academy before diploma will be issued
PRIVATE LOAN


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“I have enjoyed my time at Crave thus far. The staff is great and I am learning so much. I feel like I will be prepared to pursue my dream and passion! Thanks to you!" Emily F., student

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