Financial Aid

The cost of your education shouldn’t prevent you from taking that next step toward a better life. If qualified, multiple resources are available to help you pay for your education! At Garden State Science and Technology Institute, we are committed to helping you explore and understand those resources to your benefit.

You Have Options. Let’s Work Together to Find Out What’s Right for You!

Taking the first step in choosing your career path, and continuing your education, is one of the most rewarding investments you will make in life. The Financial Aid Office strives to provide the highest quality service to students and families with maintaining a comfortable atmosphere while discussing the logics of the Financial Aid Process. You will have a clear picture of what it will realistically cost to attend school and begin your journey to success! The Financial Aid Office provides counseling to students and families to ensure their understanding of the financial aid process. It will also be explained on how each fund source relates to the student’s associated with financing an education. Our Financial Aid Administrators are passionate about what they do and enjoy helping every student accomplish their goal of becoming successful. The administrators are available at your convenience and prepared to answer any questions for you throughout each step of the process.

Please remember to submit your 2023 FAFSA for your up-and-coming academic year to https://studentaid.gov. For your added convenience, we have listed our school codes below.

School Codes for FAFSA Application: 042433

Aid comes in a variety of ways.

When it comes to paying for your education, chances are you might have more options than you think. Cost such as tuition, books, uniforms, supplies, exam fees can be covered by Federal Student Aid if you qualify. That aid can come in form of grants and loans. GSSTI is here to help you understand your options.

Here’s a look at the different choices that might be available to you.

Federal Pell Grants

Unlike loans, grants do not have to be paid back. Federal Pell Grants provide funding to the help eligible students without a bachelor’s degree pay for their education. These students typically display exceptional financial need. Although not everyone qualifies for this need-based grant, all students should apply.

For the award period from July 1, 2021, through June 30, 2022, the maximum Federal Pell Grant award is $6,495.

Federal Student Loans Programs

GSSTI students (and their parents if the student is a dependent) may apply for Direct Stafford and PLUS loans. Under the Direct Loan Program, the funds for your loan are offered to you by the U.S. Department of Education.

Federal Subsidized Direct Loan

Direct Subsidized Stafford Loans are loans for undergraduate students. The Department of Education pays for the interest if you are in school at least half-time, during your grace period, and if a loan is in a period of deferment.

Direct PLUS Loans

Direct PLUS loans are for parents to help pay the college expenses of their undergraduate dependent children. If a deferment is requested, payments do not have to be made while the student attends school and for an additional six months after they graduate, fall below halftime in their enrollment, withdraw or are dismissed from their program. Without a deferment, payments are expected as soon as the loan is disbursed.

Federal Unsubsidized Direct Loan

Direct Unsubsidized Stafford Loans are loans for undergraduate students that start accruing interest the moment the loan is disbursed. Students are responsible for the interest over the life of the loan, including the time when you are in school, during your grace period, and if a loan is in a period of deferment.

Questions?

Our Financial Aid Advisors are committed to helping you discover all opportunities you qualify for when it comes to paying for your school. That’s why we’re standing by for your call. Speak with our team today and learn more about options. We’re here for you.