Berk Trade and Business School
is committed to providing an excellent education that is
also affordable. Our tuition is one of the most affordable
private school tuitions in the New York area. Financial
assistance, such as Federal Grants and Federal Student Loans
are available to those who qualify.
The school is approved for the training of veterans. A veteran’s individual eligibility will be determined as per guidelines and requirements established by the Veterans Administration.
The school is an approved training provider for:
NYS VESID
WIA and ITA
VETERANS
ADMINISTRATION
Students may also qualify for tuition reimbursement through
their employer. Berk Trade and Business School also offers
interest free payment plans.
TYPES OF FINANCIAL AID AT
BERK TRADE AND BUSINESS SCHOOL
FEDERAL PELL GRANT PROGRAM
The Federal Pell Grant is an entitlement program
that grants awards to students based on their financial
need. In the 2004-2005 academic year, awards for Berk Trade and Business School students will range from $400 to $2,700
for 600 hour programs only. The Pell Grant awarded is prorated
since students are not attending traditional full time schedules.
The amount of the grant depends on a family's financial
status (determined by a Federal formula), and the cost of
attendance at the school.
FEDERAL DIRECT LOAN PROGRAM
(FDLP)
The Federal Direct Loan Program is an entitlement program that enables eligible applicants and their parents to obtain student loans to meet their school related expenses. Federal regulations require that students must complete a FAFSA application before applying for such a student loan.
FEDERAL DIRECT SUBSIDIZED
STUDENT LOAN (FDSL)
A Federal Direct Subsidized Student Loan is a low-interest loan authorized by the federal government to help pay for a student's college costs. The in-school interest is paid (subsidized) by the federal government. Berk Trade and Business School students qualify for prorated amounts of the FDSL. The amount awarded is less than the maximum amount allowed for traditional post secondary schools.
FEDERAL DIRECT UNSUBSIDIZED
STUDENT LOAN (FDUSL)
A Federal Direct Unsubsidized Student Loan is for
those students whose needs analysis does not allow for part
or all of the Federal Subsidized Student Loan. The programs
have the same eligibility criteria. The main difference
is that the in-school interest is not paid by the federal
government. The interest may be paid quarterly or deferred
until repayment of the loan.
THE FEDERAL DIRECT PARENT
LOAN PROGRAM (PLUS)
Federal Direct Parent Loans for Students are available to parents of dependent students to help meet a student's educational expenses. Students for whom the loan is borrowed, must meet all Title IV eligibility criteria. Federal Parent loans do not require a financial needs test. PLUS loan borrowers are subject to credit checks. All PLUS loan borrowers have a loan origination fee and insurance premium fee equal to 3% of the loan, which is deducted from the original loan amount. The maximum PLUS loan is equal to the cost of attendance at the college less other expected financial aid. Federal PLUS Loans have a variable interest rate, and repayment must begin sixty days after the loan is disbursed.
For additional information,
please call the financial aid office or email your questions
or comments to:
financialaid@BerkTradeSchool.com
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BERK
TRADE AND BUSINESS SCHOOL
