Financial Aid (FAFSA)

FAFSA Process

Completion of the financial aid process is REQUIRED of all students (see the Financial Aid section of Student Success Handbook). Please note that failure to complete the financial aid process may affect your enrollment at Summit Academy OIC.

NO COST TO YOU

While our program is NOT FREE, it is at NO COST to you. Your tuition will be paid through a combination of grants and scholarships.”You will have NO OUT OF POCKET EXPENSES TO COVER TUITION AND THERE ARE NO TEXTBOOKS TO PURCHASE. Our financial aid office is committed to administering gift aid to ensure that your Summit Academy OIC tuition is covered at no-out-of-pocket expense to you. As an institution, we do not participate in the Federal and State Student Loan programs, so there are no loans to pay back.

What is Gift Aid?

Gift aid comes in the form of grants and scholarships that do not need to be repaid. Funding comes from the federal government through the Department of Education, and the Minnesota State Government through the Office of Higher Education.

Types of Gift Aid

The Federal Pell Grant is awarded to undergraduate degree seeking students.

The Federal Supplemental Education Opportunity Grant (SEOG) is awarded to eligible undergraduate degree seeking students.

The Minnesota State Grant is administered to eligible Undergraduate degree seeking students that qualify as residents of Minnesota under the state Office of Higher Education’s criteria.

The Summit Academy OIC scholarship is awarded to all eligible degree seeking students, and is meant to bridge the gap between what is covered by federal and state grants, and tuition.

The College Work study positions are available to degree seeking student that meet the eligibility criteria, and is administered by Summit Academy OIC’s financial aid office.

Eligibility

In general, you must meet the basic eligibility criteria:

(If you want to earn your GED, see the GED Training Program for enrollment requirements)

  • You must be a U.S. Citizen or;
  • An eligible noncitizen
  • Have a valid Social Security number (with the exception of students from the republic of the Marshal Islands, Federated States of Micronesia, or the Republic of Palau)
  • If you are male, be registered with Selective Service (you must register between the ages of 18 and 25)
  • Be enrolled in one of our healthcare or construction certificate programs
  • Complete the Free Application for Federal Student Aid (FAFSA)

STEPS TO APPLY

Applying for financial aid is a required part of the enrollment process. Once you pass your entrance exam, you should complete the Free Application for Federal Student Aid (FAFSA) as soon as you can, even if you do not believe you will be eligible. Our school Code is 015950

Go to www.fafsa.ed.gov and complete your FAFSA. The application is Free, so if you find yourself on a website requesting payment, you are on the wrong website. If you need help with the application, including login issues, you may contact the Federal Student Aid Information Center (FSAIC) at 1-800-433-3243. The FSAIC has qualified professionals to assist you with the FAFSA application

FAFSA Steps To Apply

Step 1

Create an FSA ID and complete the 2018-2019 FAFSA at www.fafsa.ed.govschool code 015950

To complete the FAFSA, you will need your 2016 IRS Income Tax information. If you didn’t file for that year, simply indicate that on your application and answer the relevant questions throughout the application.

Step 2

Your FAFSA will take at least 3 business days to process and be sent from the Department of Education to the school. Call Summit Academy OIC at 612-377-0150 or email financialaid@saoic.org and schedule an appointment with a financial aid coordinator.

Step 3

Attend your appointment. During your appointment, we will review your FAFSA and advise you on needed corrections (if any) and complete any additional needed financial aid documents in order for your eligibility to be determined. You will also complete any remaining admissions documents.

Schedule A Financial Aid Appointment

Remember, it takes time for us to receive your FAFSA once you submit it to the Department of Education. Please schedule your appointment for at least 3 business days after your FAFSA is completed.

Schedule Appoinment

FAFSA Help

Please contact the Federal Student Aid Information Center at 1-800-433-3243.

If you have questions regarding financial aid that cannot be answered by the Federal Student Aid Information Center, see the FAQs below. Otherwise, you may call 612-377-0150 or email financialaid@saoic.org to speak with a financial aid coordinator.

FAFSA

Our Vocational Training Programs

Here at Summit Academy we pride ourselves on having the best programs that will get you into a career field where not only will you be happy in your work. But you will be earning a livable wage! We invite to explore our vocational training programs.