Financial Aid
Education is an investment. The training you'll receive at YTI increases your chances of finding a rewarding career. Explore all your options for financing your career training at YTI Career Institute below.
Financial Aid for students who qualify
While the primary responsibility of paying for an education rests with the student and his or her family, the Educational Funding Department at YTI is dedicated to making the cost of education more affordable for students who might not otherwise be able to attend.
Financial assistance comes from many sources - federal and state governments, private organizations, and YTI. Financial assistance may include scholarships, grants, work-study employment, and loans. Most financial assistance is awarded based on the student's financial need.
All new students are referred to www.studentaid.ed.gov, an informational website that details the key questions to ask when choosing a school and the typical issues surrounding transferability of credit and consumer protection.
Grants & Scholarship Programs
Grant and scholarship funds are gift aid and do not need to be repaid. Grants are typically awarded based on financial need, school costs, and the student's enrollment status. Scholarships are generally awarded based on merit. Click here to access web links, special search tips and valuable information on general and program-specific scholarships which may be available to you.
Federal Pell Grants
Grant amounts are determined by the federal government based on the Expected Family Contribution (EFC).
Pennsylvania Higher Education Assistance Agency (PHEAA) Grant
Available only for students in 21 month programs and PA residents. Grant amounts are determined by the state of PA based on financial need. Separate forms are required to be submitted to PHEAA in accordance with PHEAA State Grant deadlines.
The Pennsylvania Targeted Industry Program (PA-TIP) provides need-based awards to students pursuing an eligible course of study at an approved school. The program benefits Pennsylvania students enrolled in courses of study in the energy, advanced materials and diversified manufacturing, and agriculture and food production fields.
- Visit PHEAA website for more information on PA-TIP
- Download PA-TIP Applications for YTI Programs
Loan Programs
Federal loan funds must be repaid. If eligible, both the student and parent can borrow loan funds. While some loans are need-based, others are not, and can be awarded to otherwise eligible borrowers regardless of income.
Federal Direct Student Loans
YTI Career Institute participates in the Federal Direct Loan Program.
Federal Direct Subsidized Loan
Federal Direct Subsidized Loans are based on financial need as well as annual and aggregate loan limits. Interest on this loan does not accrue during eligible periods of enrollment. The interest rate is fixed at 4.99% effective July 1, 2022. Repayment begins six months after graduation or when a student is no longer enrolled at least half time.
Federal Direct Unsubsidized Loan
Federal Direct Unsubsidized Loans are based on annual and aggregate loan limits and are not need-based. Interest on this loan begins to accrue upon the first disbursement. The interest rate is 4.99% effective July 1, 2022. Principal repayment begins six months after graduation or when a student is no longer enrolled at least half time.
Federal Direct PLUS loan
If you are the parent of a dependent student, you may be eligible to borrow under the Federal Direct PLUS loan program. The interest rate is 7.54% effective July 1, 2022. To receive a PLUS loan, your dependent student:
- Must have a completed FAFSA on file at YTI Career Institute
- Must be enrolled at least half time
- Must be maintaining Satisfactory Academic Progress
- Must meet all other requirements of Title IV aid, as determined by the U.S. Department of Education
The maximum amount that the parent may borrow under the Federal PLUS loan program, is Cost of Attendance minus any other aid (scholarships, grants, loans, waivers, etc.) received by the student.
PA Forward Loan
The PA Forward loan is a loan designed for students who need additional assistance, beyond their federal student aid, in paying for tuition costs.
Students need to be enrolled in an approved PA school. YTI is an approved school! Students must also be a U. S. citizen and live in one of the approved states – PA, DE, MD, NJ, NY, OH, VA or WV.
The PA Forward loan is a credit based loan with competitive fixed interest rates as well as interest rate rewards and a variety of repayment plan options.
Visit PHEAA.org to learn more about this loan or to apply.
How to apply for Financial Aid
Students must complete the Free Application for Federal Student Aid (FAFSA). Data from the FAFSA is used in a formula established by the U.S. Congress to determine the student's Expected Family Contribution (EFC) and, ultimately, financial need.
Based on EFC, YTI creates a financial aid package to assist students in meeting the cost of their education.
Application Tips:
- Watch 7 Easy Steps to the FAFSA
- Complete, sign, and return applications and paperwork in a timely manner.
- Gather applicable tax returns and other income documents before beginning the application process.
- Contact YTI's Educational Funding Specialists for guidance in completing all financial aid applications and paperwork.
