Financial Aid Information

Health Works Institute is approved by the U.S. Department of Education to administer Title IV federal financial aid programs, including Pell Grants, Direct Loans and the Parent Loan for Undergraduate Students (PLUS).

The amount of financial aid available to students varies according to which program the student chooses to take. The Massage Therapy Program is longer than the Esthetics Program. Therefore, the maximum amount of aid for Massage Therapy Program students is more than the maximum amount for Esthetics Program students. For more information, download the guidelines to Federal Financial Aid.

Our Financial Aid Administrator, Alexa, will answer all of your questions about fulfilling your financial obligations to the school.  She also guides applicants through the financial aid application process.

Here is Alexa’s contact information: alexa.freeburg@healthworks.edu, 406-582-1555, extension 13, FAX  406-522-0493

DEFINITION OF TERMS

Dependent and Independent: Students who are 24 years of age or older are considered Independent for purposes of determining how much federal student aid they may receive. Students who are 23 years old or younger may be considered Independent or Dependent, based on a number of guidelines. None of the guidelines have to do with whether or not the student is claimed as a dependent on a parent’s tax return. The guidelines include other factors, such as whether or not the student is married or has any children. Many students under the age of 24 are considered to be Dependent, even if they have been living away from home and even if their parents do not claim them on their tax returns.

Disbursement: Transfer of grant or loan funds from the federal government to the school. Exact disbursement dates cannot be predicted; students are provided with approximate dates. If the student or the parent has not complete all required steps in the process for obtaining aid, the disbursement date will be delayed.

Eligibility: Students must meet several requirements in order to qualify for aid. Eligibility depends upon factors including: not being in default on any prior federal loans; being enrolled in enough courses to meet the definition of at least part-time enrollment; not having had a felony conviction associated with illegal drugs; etc.

FAFSA: Free Application for Federal Student Aid – you must complete the FASFA in order to determine whether or not you are eligible for aid and how much aid you may receive.

Tax Year: When a student completes the FAFSA, part of the required financial information comes directly from specific lines on the student’s and/or the parent’s tax return for a particular calendar year (January to December).

Year: The federal government’s financial year begins on July 1 and ends on June 30, and the financial aid “Award Year” is based on these start and end dates.

FEDERAL FINANCIAL AID OPTIONS:  

Pell Grant Program
The Federal Pell Grant program provides funding toward tuition, fees and other costs for students whose income is below levels set by the U.S. Congress. Pell Grants do not have to be repaid. If eligibility is established, the amount of the grant will depend on income reported in the prior tax year, dependent or independent status, cost of attendance and other factors. 2015-2016 grants range between $626 and $5,775. The Financial Aid Administrator can provide an estimate of grant awards based upon the information submitted on the FAFSA.  

Direct Loans
Federal Direct Loans are low-interest loans made to students who qualify based upon financial need as indicated on the FAFSA. Direct Loans, unlike grants, are borrowed money that must be repaid, with interest.   The Subsidized Direct Loan offers in-school interest subsidies by the federal government; this means that the government pays the interest while the student is in school. The Unsubsidized Direct loan does not offer interest subsidies. The interest on the Unsubsidized loan begins accruing at the time of first disbursement. It is possible for students to have both Subsidized and Unsubsidized Direct loans.   Loan Limits: Independent students (and dependent students whose parents are unable to obtain a PLUS loan) – $3,500 in Subsidized, and up to $6,000 in Unsubsidized loans. Dependent students – $3,500 in Subsidized, and up to $2,000 in Unsubsidized loans.   Upon graduation, the government discontinues paying interest on the Subsidized loan. Repayment of Subsidized and Unsubsidized loans begins six months after graduation.   All students who wish to receive loans are required to participate in Entrance and Exit Counseling to ensure a full understanding of their rights and responsibilities. Students will be notified of when these sessions are scheduled. Please note: Students who wish to receive loans may be required to participate in additional Financial Literacy workshops and activities.  

Parent Loan for Undergraduate Students (PLUS)
Federal Direct PLUS are for parents who want to borrow to help pay for a child’s education. The major factor determining parents’ eligibility for the PLUS is their credit rating and credit history. Unlike other financial aid programs, a family financial analysis is not required to be eligible for a Direct PLUS. The PLUS must be repaid. Repayment begins 60 days after the loan is fully disbursed. This means that repayment begins while the student is still enrolled in school. To apply for Federal Financial aid, prospective students must submit the Free Application for Federal Student Aid (FAFSA), which can be accessed at www.fafsa.ed.gov.

One step in the completion of the FAFSA is to create an ID and a password. When you have completed the form, you will need to use your ID and password to log in to a specific area where you will be able to electronically sign the FAFSA. The ID will be referred to as your “FSA ID.” FSA just means Federal Student Aid. For those of you who have completed a FAFSA before, the ID has replaced the PIN. Write down your ID and Password as you will need these again later. Click here for information about the FSA ID and instructions about how to create your FSA ID.

Be sure to thoroughly read our “Federal Financial Aid at Health Works Institute” brochure which will give you guidelines on how to complete the FAFSA specifically for Health Works Institute. The guidelines include our school code, which is 037783. If you do not use all of our specific guidelines, you might answer some of the questions on the FAFSA incorrectly, which will delay the processing of your FAFSA.

Additional Information
Prospective students are encouraged to review the information provided by Health Works by using the following links:

Also, the U.S. Department of Education’s National Center for Education Statistics (NCES) collects and publishes information about colleges and schools at its College Navigator site. Learn more about Health Works Institute at College Navigator.

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