GET FINANCIAL ASSISTANCE EARNING YOUR LVN LICENSE
At CDI You Have LVN Financial Aid Options
Career Development Institute, Inc. (CDI) offers students numerous options for covering the cost of LVN courses. All students are encouraged to apply for LVN financial aid if unable to meet educational costs on their own.
Get Assistance Meeting the LVN Requirements
As a nationally accredited LVN program, students at CDI have many financial aid options at their disposal, including FAFSA eligibility. Learn more about how you can get assistance while earning your LVN license.
Loans funded by the federal government are considered federal loans, and include many benefits such as fixed interest rates and income-based repayment plans, not typically offered with private loans. Students seeking financial assistance must first complete the Free Application for Federal Student Aid (FAFSA).
Available federal loans for covering an LVN programs cost include:
PLUS Loan: A PLUS loan is made by the U.S. Department of Education and is available to graduate or professional students and parents of dependent undergraduate students. The borrower is fully responsible for paying the interest regardless of the loan status.
Direct Subsidized Loan: Direct Subsidized Loans are available to undergraduate students with financial need. On a subsidized loan, the U.S. Department of Education pays the interest.
Direct Unsubsidized Loan: Direct Unsubsidized Loans are available to undergraduate and graduate students; there is no requirement to demonstrate financial need. The borrower is fully responsible for paying the interest regardless of the loan status. Interest on unsubsidized loans accrues from the date of disbursement and continues throughout the life of the loan.
Pell Grant: Meeting the LVN requirements is very cost effective with a Pell Grant. A federal Pell Grant, unlike a loan, does not have to be repaid. Federal Pell Grants usually are awarded only to undergraduate students who have not earned a bachelor’s or a professional degree.
Veteran’s Education Benefits: CDI’s certificate program is approved for the training of veterans and eligible persons under the Provisions of Title 38, United States Code. Students interested in veteran’s education benefits should contact the Financial Aid Department for assistance. Veterans who are unsure of their eligibility should contact the Veterans Administration. Eligible students must maintain satisfactory academic progress to continue receiving educational benefits.
To determine how much federal aid you qualify for, visit www.fafsa.ed.gov.
If federal financial aid doesn’t cover the entire cost of your LVN requirements you still have options. A private loan is a nonfederal loan made by a lender such as a bank, credit union, state agency or educational institution. Private loans can be used to cover educational expenses beyond what is covered by federal loans. Specific eligibility requirements are outlined by each private lender and are typically credit-based.
Ask our Financial Aid Office about private loan options that may be available to you.
Please note that any federal loan borrowed by the student or parent will be submitted to the National Student Loan Database System (NSLDS), and will be accessible by guaranty agencies, lenders, and schools determined to be authorized users of the data system.
We’re Here to Help You Get Aid That Covers the Cost of an LVN License
Students seeking financial assistance for an LVN license must first complete the Free Application for Federal Student Aid (FAFSA). Our Financial Aid Officer uses this form to determine a student’s eligibility and assist them in deciding what resources are best suited for their circumstances. Students must meet all eligibility requirements to qualify for federal student aid.