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Baran Institute of Technology has a full-time Financial Aid
Office available to assist students who qualify with their financial needs. Our Financial Aid Advisors will assist each applicant in determining the amount and type of financial aid available.
Access our electronic financial aid office >>
Types of Financial Aid Available to Students
Federal Stafford Loans (Subsidized)
These low-interest loans are made to students attending school at least half-time by a lender such as a bank, credit union, or savings and loan association. Eligibility is based upon financial need. Students must repay this loan. The loan is interest free until it goes into repayment six months after the student's last day of attendance.
Federal Stafford Loans (Unsubsidized)
These low-interest loans are generally made to "independent" students attending school at least half-time by a lender such as a bank, credit union, or savings and loan association. Students do not have to demonstrate financial need to obtain this loan. Although the loan goes into repayment six months after the student's last day of attendance, interest begins accruing as soon as the funds are disbursed.
Federal PLUS Loans
These loans enable parents without adverse credit to borrow for each "dependent" student enrolled at least half-time. Similar to Federal Stafford Loans, these loans are made by a lender such as a bank, credit union, or savings and loan association. The yearly loan limit is your cost of education, minus any estimated financial aid you're eligible for. Repayment begins within 60 days after the final disbursement of the loan.
Federal Pell Grants
Pell Grants are awards that do not have to be repaid. The award amount varies depending on a student's eligibility and the amount of aid available as determined by the U.S. Department of Education guidelines. Eligibility is based upon financial need.
FSEOG (Federal Supplemental Educational Opportunity Grants)
These funds are allocated to the school by the Federal Government
and are limited. Funds are awarded to students with "exceptional financial need" and do not have to be repaid.
Other Financial Aid
Other sources of funds may be available to students who qualify including private loans and scholarships. Please contact the Financial Aid Office for further information.
Federal Work-Study Program
The Federal Work-Study Program allows eligible students to work part-time to help with a portion of their expenses. These funds are allocated by the Federal Government. Once a student starts school, an application for a work-study position may be accepted.
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Access our electronic financial aid office >>
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