Every year there is millions of dollars in financial aid from the government that goes untouched by students who would qualify if they had just applied for it. Check with your Schools Financial aid department to see if you qualify for financial aid, you might be able to earn your health information management degree for free 😉
Your eligibility is determined by your financial need which is calculated using this formula:
Financial need = Cost of Attendance – Expected Family Contribution
If you live with your parents and they claim you as dependent, then your need is based on their income.
If you claim yourself as independent on your income taxes, then its more than likely that you are eligible for financial aid.
Visit the Federal Student Aid website, FAFSA ,and fill out an application to see if you qualify for Financial Aid.
Health Information Technology Scholarships
- AHIMA Merit Scholarship
- Health Information Management Scholarships
- Hope Scholarship is a Georgia lottery-funded scholarship for Georgia-resident students who maintain at least a 3.0 GPA
- New Hampshire Charitable Foundation offers scholarships to New Hampshire Residents
- Illinois Hospital Association Scholarship is offered to Illinois residents with a 3.5 or higher
- The Allied Healthcare Scholarship Program awards Cali students with a 2.0 GPA or higher, commit to one year service obligation or 100 to 150 hours of volunteer service practicing direct patient care in a medically underserved area of Cali.
- American Medical Technologists Student Scholarship is available to high school seniors and current college students enrolled in a field of study that will lead to a career in medical technology or related.
- Military Scholarships Army, Navy, Air Force, Marines, G.I.Bill money to pay off student loans
Federal Pell Grants
- Does not have to be repaid
- Maximum amount $5,500 per year
- Based on financial standings, undergraduate, Full Time/Part Time student, expected family contribution
Federal supplemental educational opportunity grants
- For students with exceptional need. You can receive from $100-$4000 depending on your circumstances
Federal Work Study
- Provides jobs, hands on experience, minimum wage pay.
Federal Perkins Loan
- Low interest rate %5
- Must be paid in a 10 year period
- Your eligibility depends on your level of financial need.
- You can borrow up to $5,500 for each year for undergrad and $8,000 for each year of grad school.
- The total amount you can borrow for grad and undergrad combined is $60,000. After graduation if you are employed in certain public, military, or teaching service positions you may be eligible to have part or all of your loans canceled.
Parental Loans for Undergrad Students (PLUS)
- Parents with good credit history can borrow money for a child who is dependent. Parents must complete forms and send them to the school.
- A plus loan equals the cost of attendance minus any other financial aid you receive. For example if the cost of tuition is $10,000 and you receive $3,000 in financial aid, your parents can borrow up to $7,000.
After you graduate with your degree you have a grace period of 6-9 months where you don’t have to pay your loans. Afterwards, when you are working, your loan payments are paid monthly and the amount depends on your salary