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


 
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

 

Financial Aid Links

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  • Definitely check out AIMM, get a good tour of it, go to Open House, go to the orientation, and you'll find that it's really professional. All the instructors really know what they're doing--they're all industry professionals and have been for years. You get a lot of hands-on activity and a lot of time to work on your projects on all the gear.

    Benjie Freund

    Sound Designer at Hi-Rez Studios, and Founder of Neutrino Gaming--creator of the iPhone/iPad app Aries Revenge

  • If you're going to go to any music school, AIMM is the one to choose. Since graduation, I've gotten all my work through AIMM...So, this is the place to be.

    Butch Buckner

    Drummer for Bionic Jive

  • AIMM was one of the best choices I've made.

    Chris Kittredge

    Drummer for Arrested Development Australian Tour 2011

  • Honestly, AIMM is very high level...it's something that I'm impressed with, would recommend, and would have wanted to come and study at in my younger years.

    Dave Weckl

    Drummer for Chick Corea