- What is your school code?
- I want to pay cash, do you accept (insert form of payment)?
- When do I find out what I am eligible for in Federal Student Aid?
- What is a FAFSA?
- Does the FAFSA cover my entire program cost?
- I have a defaulted student loan, am I eligible for FAFSA?
- Can you use your Post-9/11 GI Bill®?
- What is a “Master Promissory Note”?
- Do I have to pay on my previous federal loans while I’m attending your school?
- Can I (or my parents) borrow a personal loan from our own bank/credit union?
- Will I need a cosigner?
- When will I get my loan and/or grant money?
- What money will I need to re-pay?
- Will money from my FA package be sent directly to me?
What is your school code?
Each school is designated with a federal school code. You can look it up by institution, but Divers Institute’s OPEID code is 011481.
I want to pay cash, do you accept (insert form of payment)?
We accept most forms of payment. A payment plan specific to you will be discussed and outlined with your Financial Aid Administrator.
When do I find out what I am eligible for in Federal Student Aid?
Once you have completed the FAFSA and the Financial Aid Administrator has evaluated your report, they will contact you with the necessary information. You may also make a call to the school and inquire.
What is a FAFSA?
The FAFSA, also known as the Free Application for Federal Student Aid, is a form used by the U.S. Department of Education to determine eligibility for student aid (which includes the Pell Grant and Direct Loan Programs) and is based on the financial need of the student.
Does the FAFSA cover my entire program cost?
FAFSA does not cover the entire cost of the program. Once your FAFSA is complete, you and your Financial Aid Administrator will discuss other alternative financing options available to you that can help you cover the remaining cost of the program and other educational expenses while you’re in school.
I have a defaulted student loan, am I eligible for FAFSA?
The Department of Education determines who is eligible for federal aid. If you have a federal loan that is currently in default, you will not be eligible to receive federal financial aid. However, the DIT Financial Aid Office can work with you on options to resolve the default so that you can regain eligibility for federal student aid.
Can you use your Post-9/11 GI Bill®?
Yes. Currently all of our programs are VA approved. All you need to do is let your Financial Aid Administrator know that you are planning on using your VA education benefits and we’ll get you started from there.
What is a “Master Promissory Note”?
In order to accept your Federal Student Loans you must complete a Master Promissory Note (MPN) online. It is a legal document where you acknowledge and acceptance the terms and conditions of the loans. You can complete it online at www.studentaid.gov . In completing the MPN you are promising to repay your loan(s) and any accrued interest and fees to the U.S. Department of Education.
Do I have to pay on my previous federal loans while I’m attending your school?
As long as you are attending school at least half time, your payments can be deferred. While attending our institution you are meeting that requirement. The Financial Aid staff will work with you to ensure that the appropriate organizations are notified.
Can I (or my parents) borrow a personal loan from our own bank/credit union?
The balance owed to the school is the student’s responsibility; a personal loan from your own bank is one option. Alternative loans will be discussed during the packaging process so that you have all the necessary information to make the right decision for your circumstances.
Will I need a cosigner?
Most private student loans, like Sallie Mae Smart Option Loan and Meritize, typically require the addition of a credit-worthy cosigner.
When will I get my loan and/or grant money?
Every student has different funding, the dates and amounts will be discussed individually with your Financial Aid Administrator.
What money will I need to re-pay?
You are required to repay all federal and private student loans that you borrow for school. Students have a variety of options when it comes to repayment plans both during and after school.
Will money from my FA package be sent directly to me?
Money from your financial aid package will be sent to DIT and disbursed to your account. First, we will apply the money to your tuition and other education expenses charged to your account like gear and the physical. After this money has been applied to these charges, any additional money remaining will be given to you by direct deposit throughout the program.
While going through training at the Divers Institute of Technology, I was impressed with the willingness of the staff to work with students as individuals; I never felt that I was just a number. I left DIT with the skills needed and the confidence to be successful in my career. I continue to have opportunities I attribute in large part to the staff and instructors – many of whom are still available to share their advice and experience with myself and other alumni.
A day in the life of a DIT Student
Divers Institute of Technology offers our students a wide variety of support services to enhance your education experience.
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