Types of Financial Aid

The Art Institute of Las Vegas participates in federal, state, and other financial aid programs.

Financial aid is divided into three general categories:

Gift Aid ­ these are grants, scholarships, and other benefits that do not have to be repaid. Most grants are based on financial need, as determined by a federal formula, and are given by the federal or state governments; most scholarships are based on criteria such as grades or affiliations or other criteria, and may or may not also include a financial need component; most benefits are based on a combination of criteria.

* Federal Pell Grants
* Federal SEOG (Supplemental Education Opportunity Grant)
* Las Vegas State Grant
* Nevada State Grant
* Art Institute Scholarships
* Other scholarships
* Vocational Rehabilitation
* Veterans Benefits
* Bureau of Indian Affairs
* Tax Benefits

Loans - loans do need to be repaid; repayment can usually be delayed until several months after the student leaves school. Some loans, such as Federal Stafford Loans, are given to students in their own names; some loans, such as Federal PLUS Loans are given to parents of dependent students. Some loans are based on the student's financial need; some loans require a credit check; some loans are available regardless of income. There are alternative education loans, given by private lenders to students, that may or may not require a co-signer.

* Federal Subsidized Stafford Loan
* Federal Unsubsidized Stafford Loan
* Federal PLUS Loan (Parent Loan for Undergraduate Students)
* Alternative Loan
* Home Equity Loan
* International Student Loan Program

Work - some students choose to work to help to pay their living expenses while attending school. The Art Institute of Las Vegas participates in the Federal Work-Study program, and also assists students to find part-time jobs in the community.

* Federal Work-Study
* Part time job assistance