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FINANCIAL AID

 

Federal Student Aid

Through the Department of Education's web site you can find out about financial aid available to all students from the federal government.  You can also find dozens of resources related to financial aid of all sorts for education, including an on-line version of the publication Funding Your Education.  It's "an introductory publication for students not yet enrolled in a postsecondary school [that] provides general information about the U.S. Department of Education's federal student financial aid programs and how to apply for them."

Links from this page to non-Coast Guard sites are provided as a customer service and do not represent any implicit or explicit endorsement by the United States Coast Guard of any commercial or private issues, products, or services presented there.

Other Financial Assistance

 

The US government's National Resource Directory ("connecting wounded warriors, service members, veterans, their families and caregivers with those who support them") has all kinds of information about financial aid for education and training.

The American Legion publishes an annual on-line "College Financial Aid Handbook" called Need a Lift?  Copies of the last hard-copy version to be published (2009) are still available in the TraCen Cape May Education Center.

A number of colleges and universities offer various types of special financial assistance to military personnel.  For example, Trident University (formerly TUI University) will not charge any tuition to servicemembers who receive tuition assistance for up to 28 semester credits per yearCapella University has special tuition rates for military personnel and their dependents, veterans, and civilian military employees.  And Liberty University offers a $100 book voucher for every course you register for.

These special types of assistance change periodically, so check with your school to find out if there are any forms of assistance you don't know about that are available to military personnel or dependents of military personnel.

 

Stafford/PLUS Loan Origination Fee Refund

 

A refund by Coast Guard Mutual Assistance (CGMA) of eligible personnel of the mandatory 3% loan origination fee charged to each Stafford/PLUS student loan borrower.  The lender ordinarily deducts this fee from the loan disbursement check.  After confirming use of the loan, CGMA will reimburse the dollar amount of the loan origination fee to the member.  This refund is available to all uniformed Coast Guard personnel (regular, reserve, Public Health Service officers working with the Coast Guard, retirees), civilian employees, Auxiliarists, and their dependents.

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Last Modified 10/21/2014
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