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AIMM Open House Saturday, May 3rd at noon!

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  • Types of Aid  |  Scholarships, Grants, Work Study, Loans and Veteran's Benefits

    Scholarships
    Atlanta Institute of Music and Media awards achievement-based scholarships, one per academic program - Guitar, Bass, Drum and Recording, twice a year. The application submission, review and awarding of the achievement-based scholarships will happen in December and June of each year with deadlines posted in advance. In order to submit a Scholarship Application, a student must be continuously enrolled full-time in their academic program and be maintaining exceptional academic standing. In order for a part-time student to be considered for the scholarship they must change to full-time status and remain full-time if awarded the scholarship. Once a student has been awarded the scholarship they must remain in "exceptional academic standing" as defined below in order to keep their scholarship and have it continue into the next academic level up to graduation.
     
    Grants

    Federal Pell Grant
    Federal Pell grants of up to $5,645 per year for the 2013-14 academic year are available to eligible students. Eligibility is determined by the U.S. Department of Education based on a formula approved by Congress. The formula uses the information that is supplied by the parent and/or student on the Free Application for Federal Student Aid (FAFSA) to produce an EFC (Expected Family Contribution). Award amounts are prorated based on the number of hours for which a student is enrolled. More information about Federal Pell grants is available from the Federal Guide to Student Aid.

    Federal Supplemental Education Opportunity Grant (SEOG)
    Grants of up to $4,000 per year are available to students pursuing a first bachelor's degree who show exceptional financial need. Due to limited funds, grants at AIMM usually do not exceed $800 per year. To apply, a student must complete the Free Application for Federal Student Aid (FAFSA).
     
    Work Study

    Federal Work-Study (FWS) is available on a first-come, first-serve basis. This is money that does not have to be repaid. Federal Work-Study is a real job. It means that you work to obtain the funds to assist you in financing your educational costs at AIMM.
     
    Loans

    Educational loans are the largest financial resource available to students pursuing postsecondary education. Atlanta Institute of Music and Media participates in all the Federal Direct Loan Program. The Federal Direct Loan Program allows students and/or parents to borrow money at low interest rates, with no collateral, and generally no co-signer (with the potential exception of Private Student Loans). Additionally, Federal Direct Student Loans do not need to be repaid until the student graduates, withdraws or drops to less-than-half-time status. To get more information about the Federal Direct Student Loan Program (FDSLP),you can log on to the Federal Student Aid webpage at www.studentloans.gov.
     
    Veterans' Educational Benefits

    AIMM is an approved Veteran training facility, and therefore our students may be eligible to receive their Montgomery GI Bill (Chapter 30), Post-9/11 Bill (Chapter 33) or Survivors' and Dependents' Education Benefits (Chapter 35) to help fund their education here. Please note, AIMM does not currently participate in the Yellow Ribbon program.

    All VA students must file an application before attending school. Students who have never received VA Education Benefits before must file an original application (veterans VA Form 22-1990; dependents VA Form 22-5490; ToE students VA-Form 22-1990e). Students who have received VA benefits before must file a Request for Change of Program or Place of Training (veterans and ToE students VA Form 22-1995; dependents VA Form 22-5495). Students applying for CH 33 in lieu of (or relinquishing) another benefit should complete a VA Form 22-1990. Students will be required to submit copies of VA benefits applications to AIMM prior to the beginning of their enrollment.

    VA students can submit applications online http://vabenefits.vba.va.gov/vonapp/main.asp. If students don't have access to apply online they can call 1-888-442-4551 and ask that an application be mailed to them. Students can also call 888-442-4551 to talk with a VA case manager regarding any specific questions they have, or to determine eligibility.

    The VRAP program is a joint effort by the Department of Veterans Affairs and the Department of Labor to offer additional educational and/or training benefits to unemployed Veterans 35 to 60 years old that do not have any remaining GI Bill benefits. If qualified, you may be eligible to receive up to 12 months of Montgomery GI benefits ($1,473/mo) leading to an Associates Degree or certification for a high demand occupation. For information about the new VRAP program, click here: http://benefits.va.gov/vow/education.htm