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We would love to give you free education, but the reality is that we must pay rent, teaching staff and all the other expenses that go into preparing you for a successful career. 

Our goal is for you to graduate with as little debt as possible. Working together we help you navigate the financial aid process to make sure you understand your options.

Spa Tech Institute has the following approvals:

United States Department of Education - Federal Student Aid Programs.(School code: 014572) This will help pay for tuition and living expenses for students that qualify.

The PELL Grant is a gift given to you by the government as an aid for your education if you meet financial guidelines. This is not a loan. No repayment is required unless you violate school and federal drug policies.

The STAFFORD or GSL Loan Program are loans that must be repaid. The loans are guaranteed by the government. The government pays interest while the student attends school and up to six months after graduation. Low monthly payments follow. Please contact us for further assistance and information. Please note, these are loans that require repayment, whether you complete the program or not. Federal Student Loans are not eligible for discharge in bankruptcy. Failure to repay loans in a timely fashion can affect your credit score and make it harder to get future loans.

Parent Plus Loans. Please contact us for further assistance and information.

Spa Tech Institute is also VA-approved for eligible veterans and their dependents under various educational assistance programs.

Some of the programs are also recognized by the Massachusetts D.E.T. for Chapter 30 benefits for continued unemployment benefits while attending school.

Important Financial Aid Links

Start by you and/or your parents setting up your PIN for all online processing and management of your fianancial aid experience by going to  www.pin.ed.gov

To fill in your FAFSA on line go to http://www.fafsa.ed.gov//index.htm and use school code 014572. (Please note: The school code will show the address of the school in Westbrook, ME. This is the main school campus and all other locations are branches of the school in Maine.)

To complete your direct loan process online go to www.studentloans.gov Please note, these are loans that require repayment, whether you complete the program or not. Federal Student Loans are not eligible for discharge in bankruptcy. Failure to repay loans in a timely fashion can affect your credit score and make it harder to get future loans.

Private Student Loans

The following private education loans are useful when Federal Student Aid for qualified students doesn't cover the full educational expense or for students who may not qualify for federal student loans.

The Meritize loan is particularly helpful for people who have done well in school or have been in the military and have not established a credit history. Your prior accomplishments, rather than only your credit scores, are used in the approval process. Private loans are required to be repaid, whether you complete your training or leave prior to graduation. Failure to repay loans in a timely fashion can affect your credit score and make it harder to get future loans.

You can improve your chance for approval and get lower rates if you also have a co-signer on the loan who has good credit. This can save you hundreds of dollars over the life of the loan.  

Meritize logo w tag

 

Funding your education on your own merit is within your reach. With a Meritize loan, you can improve your loan terms by sharing your academic profile. Providing your transcript – whether high school, partial or full college or previous skills-based school experience – lets Meritize use your learning history to enhance your credit evaluation and improve your loan options.

You don’t have to have great credit. You don’t have to have a co-borrower (but if you do, even better). And you don’t have to be an “A” student to get financial credit for your academic merit.

With a Meritize loan you can …

  • Use your transcript to enhance your credit and improve your loan options
  • Get pre-approved in minutes
  • Fund the full cost of attendance on your own merit 
  • Choose affordable fixed or variable rates
  • Select the repayment option that works best for you while you attend school – making full payments, making interest-only payments, or making no payments until 3 months after graduation
  • Repay your loan over 3, 5 or 10 years
  • Avoid prepayment penalty fees if you choose to pay your loan off early
  • Get access to free Meritize Career Success Services for job and career support 

Get pre-approved in minutes at https://apply.meritize.com

 

SLM Bridge Logo 255  For private educational loans based on your credit score go to: Sallie Mae Private Loans

 

 

Important Warning On Loan Discharge and Scholarship Services

Be aware - there are fraudulent companies that say they can either get you scholarships or eliminate student loan debt for a fee. They target you through social media and are very effective scams. If they ask for money to reduce your fees, discharge your student loans, get you scholarships or even help you apply for loans, be very careful before proceeding.

 

Financial Aid Tutorials

It's recommended that you open the tutorials in full screen mode so you can see the details. The icon for expanding the screen is in the lower right corner of the video. Your comments are always appreciated.

 

 

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Ipswich, MA | phone - 978-356-0414
Plymouth MA | phone - 508-747-3130
Westborough MA | phone - 508-836-8864
Westbrook/Portland, ME | phone - 207-591-4141
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