Students must have funding issues resolved prior to the start of training.
AVTEC accepts funding from most funding sources that provide a written Billing Authorization detailing what will be funded by the organization. The written Billing Authorization is a commitment by the organization to pay what they have agreed to. For more information on this, contact the Admissions or Financial Aid departments.
Students should contact the Workforce Investment Opportunity Act (WIOA) offices within their regions to see if they may qualify for WIOA funds. Check with the State of Alaska Job Center for more information.
AVTEC Institutional Code: 031603
Federal Pell Grants, Federal Direct Loan (Subsidized and Unsubsidized Loans), and Alaska Supplemental Education Loan are available to qualified students. Applicants must submit a FAFSA (Free Application for Federal Student Aid), via the web at www.fafsa.ed.gov .
Funding for Federal Pell Grants is based on financial need exhibited by the student, based on their prior year tax return information. Applicants may be required to provide a Tax Return Transcript for the prior years’ tax return, the Tax Return Transcript can be obtain from the Internal Revenue Service (IRS).
Alaska Family Education Loans may be applied for online at www.akadvantage.alaska.gov and Parent PLUS Loans are also accepted by AVTEC, and may be applied for online: www.studentloans.gov . Applicants may be required to provide a copy of prior year's tax returns, if requested by the Financial Aid Office.
All funds awarded are subject to Federal and State regulations and AVTEC policy. These funds are disbursed in two disbursements, one at the beginning of training, and the second when half of the training is completed. Students must meet AVTEC’s definition of Satisfactory Academic Progress to receive the funds.
To read more about Federal Financial Aid, please visit the following website: http://studentaid.ed.gov/students/publications/student_guide/index.html.
OTHER FINANCIAL AID SOURCES
Other financial aid sources are the Department of Veterans’ Affairs (VA), Native Corporations, Division of Vocational Rehabilitation (DVR), and the Bureau of Indian Affairs (BIA). To find out qualifications for funding, contact the agencies directly.
Occasionally students are eligible to receive unemployment insurance benefits while attending training. For more information, contact Unemployment Insurance at (888) 252-2557.