In order to make informed decisions about your financial aid, it is important to know your options and know the difference between all types of financial aid offered at PIMS, including Title IV of the Higher Education Act of 1965, state aid, and VA benefits. Students have the ability to refuse all or borrow less than the maximum student loan amount allowed. Contact the PIMS Financial Aid Office for assistance.
Grants are money provided by the federal or state government entities that do not require any repayment. To apply for grants, you must complete the FAFSA. Here are the grants offered at PIMS:.
- Federal Pell Grants: The Pell Grant is a need-based grant thats eligibility is determined by the FAFSA and ultimately by the student’s expected family contribution (EFC), PIMS’ cost of attendance, and the student’s enrollment status. Students who have earned a bachelor degree are not eligible.
- Federal Supplemental Educational Opportunity Grants (FSEOG): FSEOG is a grant for undergraduate students with exceptional financial need. The grant is awarded on a first come, first serve basis. Students apply by submitting a FAFSA.
- PHEAA Grant: This state funded program allows eligible Pennsylvania residents to obtain financial assistance. Awards are based on financial need. Students must be enrolled at least half-time and students who have earned a bachelor degree are ineligible to receive this grant. The FAFSA serves as the PHEAA application with the exception of the summer term where students must apply directly on the PHEAA site.
Scholarships are money provided outside organizations that do not need to be repaid. They are typically based on academic achievement.
- PIMS Institutional Grant: Based on a final high school GPA of 2.40 for a 1st year award in the amount of $200. If the same student earns a 2.80 at the end of their first trimester at PIMS, they are awarded a 2nd year grant in the amount of $300. After the completion on their 2nd trimester, the student would need to receive a final GPA of 3.10 to qualify for the final term grant of $500. The student must complete the Free Application for Federal Student Aid (FAFSA) and must have an EFC (estimated family contribution) from $0.00 – $500.00.
- Pittsburgh Institute of Mortuary Science Scholarship– need and merit-based gift awarded by Pittsburgh Institute of Mortuary Science. These selections are made by the Scholarship Committee of the American Board of Funeral Service Education but funded by Pittsburgh Institute of Mortuary Science. The application procedure is facilitated through the American Board of Funeral Service Education. For more information please visit the website at www.abfse.org.
- OHIO FUNERAL DIRECTORS ASSOCIATION Ohio students applying for O.F.D.A. Scholarships, should contact the Ohio Funeral Directors Association, P.O. Box 21760, Columbus, Ohio 43221.
- PENNSYLVANIA FUNERAL DIRECTORS ASSOCIATION Pennsylvania students applying for the PFDA Scholarship should contact the Pittsburgh Institute of Mortuary Science
- STEPHEN J. PAVLIC MEMORIAL SCHOLARSHIP Pittsburgh Institute of Mortuary Science established the Stephen J. Pavlic Memorial Scholarship Fund in mid-2008 through a generous gift from Mr. Pavlic’s estate. This scholarship is currently being developed for future use.
- WEST VIRGINIA FUNERAL DIRECTORS ASSOCIATION SCHOLARSHIP West Virginia students applying for WVFDA Scholarships, should contact the West Virginia Funeral Directors Association, 400 Allen Drive, Suite 20 Charleston, WV 25302, (304) 345-4711 | (304) 345-4712 (Fax) | email@example.com
Popular Scholarship Resources:
SCHOLARSHIP POINTS: https://www.scholarshippoints.com/
Loans are funds that are borrowed from government entities or private institutions that must be repaid with interest. To apply for federal loans, you must complete the FAFSA. Here are the loans options available at PIMS:
- Federal Direct Subsidized and Unsubsidized Loan: The Federal Direct Student Loan Program is the most widely used student loan program for students interested in borrowing to help meet educational expenses. The Federal Direct Subsidized Student Loan does not accrue interest while you are enrolled in classes at least half-time, but the Federal Direct Unsubsidized Loan accrues interest starting at the date of disbursement. Borrowing limits, interest rates, and terms of repayment are determined and regulated by the U.S. Department of Education. Students apply for these loans via the FAFSA.
- Federal Direct Parent PLUS Loan: The Federal Parent PLUS Loan Program enables parents with good credit histories to borrow money to pay the education expenses of their children. The student must be a dependent student making Satisfactory Academic Progress and attending school at least half-time. Parents should contact the PIMS FA Office for instructions on how to apply and to inquire about loan limits.
- Private Education Loan: Students and their families can borrow additional loan funds to help meet their college costs using private education loan programs. These credit based loan programs are provided by commercial lenders and are not supported by state or federal financial aid funds. Some private education loans may require interest payments while the student is enrolled in school. In addition, students need to be aware that interest rates and repayment plans will vary with private educational loans to be aware of this information prior to applying.
Veterans Affairs Benefits
If utilizing Veterans Benefits, please contact Mrs. Nicole Elachko the full-time Certifying Official at PIMS for the PIMS Vet Packet. Application for benefits must be made with the appropriate VA office and proof of eligibility is required to be certified for the benefits by PIMS. All VA eligible students can start into their courses while waiting for benefits to process. Some initial fees can be covered by VA benefits, please contact Mrs. Elachko for more information. PIMS does participate in the Yellow Ribbon program.