Financial Aid

For financial aid information, contact our Financial Aid Officer at: 201-288-6300 or email:financial_aid@teterboroschool.com.

Financial Aid at Teterboro School can consist of both Grants and Loans. Most students need a combination of both to pay their tuition. To assist the student, we always strive to maximize grants before any loan is awarded. Financial aid is available for those students who demonstrate eligibility. Contact the financial aid office for any questions you may have.

Debt Notice

The typical student at Teterboro School may accumulate approximately $12,000.00 in student loan debt. This debt is represented by Direct Loans, both Subsidized and Unsubsidized.

Federal Direct Student Loan Programs

Teterboro School uses the Federal Direct Student Loan Program with the U.S. Department of Education as the lender. All loans, including Stafford Loans, Unsubsidized Stafford Loans, and PLUS Loans for parents, are originated through the school.

Completing the Counseling Sessions

All Students are responsible for completing Entrance Counseling before any loan funds are disbursed. In addition, the student must complete Exit Counseling prior to graduation. Click here to visit the online counseling website.

Managing Loans Online

After you graduate/leave school, your loan has already been assigned to a loan servicer. These servicers will be responsible for billing and receiving your loan payments. It is imperative that you contact them shortly after leaving school to set up your account and prepare for repayment. For those seeking to manage their loans online, we have provided links to assist you. We have established links to the 5 most common Loan Servicers. Please click here.

Financial Aid Package

Teterboro School will maximize grants for the students who qualify. Direct loan funds may also be included. If the Federal aid package is not enough to cover the student’s tuition, the student may have to consider alternative funding to supplement the shortage. On our “Financial Aid Information Websites” page we have listed some sites to explore. Teterboro School only lists these sites to assist you. We do not endorse, or recommend any particular site. As with all financial matters, you should use your best judgment.

Financial Aid Programs

Teterboro School of Aeronautics is an eligible institution under the following student financial aid programs:

Federal Direct Loans

Borrowed money that you must repay with interest. These are low-interest loans made by the US Department of Education, through the direct Loan program. These loans include both the Stafford Loan and the Unsubsidized Stafford Loan.

Federal Supplemental Educational Opportunity Grant

For undergraduates with exceptional financial need (Federal Pell Grant recipients) and does not have to be repaid.

Federal Pell Grant

An award to help undergraduates pay for their education after high school. For this program an undergraduate is one who has not earned a bachelors or first professional degree. These awards or grants do not have to be repaid.

Federal Direct PLUS Loan for Parents

Borrowed money that you must repay with interest. These are loans made by the US Department of Education, through the direct Loan program. Repayment begins approximately 6 months after the student begins school. Repayment can be delayed by requesting the interest only option, but interest accrues while the student is attending school.

Veterans

If you are covered under the Montgomery GI Bill, or the Post 9-11 benefits, you can apply for benefits online.

Click here to fill it out online or here for a paper copy.

Complete the form and submit it with a copy of your DD-214 to:
Veterans Administration
Po Box 4616, Buffalo NY 14240-4616

*Please note: Veterans are charged the same tuition rate as all other students.

Notice: All male students ages 18 -26 are required to be registered with Selective Service in order to receive financial aid. If you are not registered please go to: http://www.sss.gov to register. If you are over the age of 26, but never registered, you must obtain a “Letter of Status” from Selective Service. There is an application form link listed under the Financial Aid Tools. Please print it out, complete the form and submit it to the address listed. If you have any questions, please call the financial officer at the school.

Voter Registration

All students over the age of 18 should register to vote. You can register at the following website: http://www.vote.gov.